REGISTERED COMPANY NUMBER: 02257667 (England and Wales) REGISTERED CHARITY NUMBER: 700458
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31st March 2021
for
The Warren of Hull Limited
cbaSadofskys Chartered Accountants Princes House Wright Street Hull East Yorkshire HU2 8HX
The Warren of Hull Limited
Contents of the Financial Statements for the year ended 31st March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
The Warren of Hull Limited
Report of the Trustees
for the year ended 31st March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
This year has been like no other - as is the case for any organization producing audited accounts. But given that we are a user-led charity committed to supporting marginalised and vulnerable young people, the pandemic pushed us to think even harder to develop new ways of working, to respond even more quickly than we had before, to learn new skills, teach new skills, take chances, embrace new technologies in order to give young people & staff a sense of power and personal agency through resilience and solidarity. At the risk of sounding overly confident, it simply reassured us that allowing young people's needs to lead always works - even (or especially) during a pandemic.
We were fortunate to be the beneficiary of emergency Covid funding which allowed us to swiftly adapt our delivery model. There were two significant physical changes to our building & operations (among many Covid-related physical changes, adaptations and partitioning). These were the repurposing of what was our record store into a state-of-the-art digital Hub called The Curve and the repurposing of another space to develop a project - called SCRAN! - to address worrying issues of food inequality among our cohort.
The Curve: Back in 2019 we had already drafted a digital strategy to encompass (and attempt to address) everything that young people were telling us about the 'digital divide'. By this they meant:
-
Poor access to digital technologies both hardware and software;
-
the inability to learn digital skills;
-
a sense of being left behind;
-
inability to afford access to broadband and being limited to access via poor-quality mobile phone data contracts;
-
simply not understanding the digital world;
-
being unable to avail of the opportunities that come with being online.
When Covid struck, that digital divide became glaringly obvious so we used some emergency funding to build The Curve - our state-of-the-art digital hub for young people that directly addresses an issue of powerlessness but also enabled us to bring young people together in a digital environment that created new relationships, was learning focused but was also empowering on an individual and community level and could be utilized as a tool to push for social justice on issues our young people felt strongly about. We are in the process of applying to The National Lottery for a funded 3-year programme to continue this work.
SCRAN! (food hub): One of those issues they (and us) felt strongly about was food inequality. So, we have since combined our responses to food poverty and mental-health needs by developing a food-hub space called SCRAN! where young people can come together around baking, food preparation; cooking and talking in an effort to explore other therapeutic benefits of being around food together.
Young people wanted us to address the issue of food inequality that we had seen on the doorsteps when we ran our food parcel delivery service during Lockdown so we used reserves to build the facility. We have since secured funding for the staff role of Food Lead until August of 2022 and are hopeful of securing further funding beyond that. In the meantime it is proving a hugely popular facility with young people. It was originally the space where we intended to build our digital hub but young people wanted us to address the issue of food poverty - hence SCRAN. We feel this is a strong example of how our approach of allowing the need to lead our practice, creates a more effective grassroots response and complements and enhances existing service delivery and outcomes across the organisation.
FINANCIAL REVIEW
Although our financial position is still healthy despite Covid pressures and we are still constantly exploring potential new funding opportunities, the financial landscape in the wider Charity Sector looks uncertain. This is largely due to funders having to reconsider funding priorities and how best to respond to the ongoing impact of Covid - they are seeing applications for funding soar to levels never seen before and are having to make difficult decisions about what to fund. So fundraising is looking like an increasingly competitive area as we enter the next financial year. However, we have developed new areas of work; brokered numerous new partnerships through Covid and - most importantly - successfully supported hundreds of young people though a pandemic while.
Page 1
The Warren of Hull Limited
Report of the Trustees for the year ended 31st March 2021
FUTURE PLANS
The big challenge in the coming year is developing our music-themed boutique hotel social enterprise which was mothballed due to Covid Lockdown - we have already secured planning permission for the development - but that expires in Nov 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Warren of Hull Limited is a company limited by guarantee governed by its Memorandum & Articles of Association (dated 13th May 1988). Previously to becoming an independent organisation the Warren was part of Humberside Youth Association and opened in 1982. The Warren is a registered charity. Within the rules of Association the Warren is guided by its Empowerment Policy which was formally adopted by the Management Committee, staff and young people in 1991.
Recruitment and appointment of new trustees
The Coordinator (JJ Tatten) continues to recruit new Trustees (each of whom hold senior positions in their respective fields) to further support the Warren and the staff team across the areas of music, mental health, health, education, food, business and social enterprise. The new Board is highly skilled and very proactive in its support of The Warren's work and ambitions.
Organisational structure
As stated in our Articles the trustees meet six times a year. There are regular meetings between the Officers and the Coordinator and Finance Officer. The Coordinator post is appointed by the board to manage the operational and strategic requirements fo the agency. To facilitate effective operations the Coordinator has delegated responsibility, within the delegation approved by the trustees, for operational matters such as fund raising, finance, employment and providing activities and services to the young people of Hull.
Within the operation there are two main bodies for examining and developing the work of the agency. There is the weekly staff meeting, open to all paid staff and young volunteers and 'The Thing' a weekly 'parliament' open to all young users to discuss and vote on relevant issues. Issues and ideas from both bodies are fed to the board on a regular basis and vice-versa. A key part of the trustees brief is to explore how effective the Coordinator and staff team are in providing empowering opportunities for and with young people.
Induction and training of new trustees
Over the last year the members have become more involved by attending staff training and strategy days and sessions. This has led to a greater awareness of the day to day issues that young people face and that staff have to respond to. It has allowed the staff team to benefit from the expertise and support of the individual committee members.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02257667 (England and Wales)
Registered Charity number
700458
Registered office
47-49 Queens Dock Avenue Queens Chamber Hull HU1 3DR
Page 2
The Warren of Hull Limited
Report of the Trustees
for the year ended 31st March 2021
Trustees
B Woodcock B M Draper A E Flack C Ramsay D Robinson J A Rippingale L S Atkin E Flanagan (appointed 9/12/20) Mrs P Litten (appointed 9/12/20) Dr J White (appointed 9/12/20)
All directors of the company are also trustees of the charity and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so, up to a maximum of twenty. All trustees who co-opted during the course of the year are subject to election at the following AGM.
The position of Chair has been rotated since the resignation of Dr Max Anna Hope. Bruce Woodcock and Carla Ramsay remained Vice Chair and Treasurer respectively.
Independent Examiner
cbaSadofskys Chartered Accountants Princes House Wright Street Hull East Yorkshire HU2 8HX
Bankers
The Co-operative Bank PO Box 250 Delf House Skelmersdale WN8 6WT
Approved by order of the board of trustees on 8th December 2021 and signed on its behalf by:
L S Atkin - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Warren of Hull Limited
Independent examiner's report to the trustees of The Warren of Hull Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alan Brocklehurst ACA ICAEW cbaSadofskys Chartered Accountants Princes House Wright Street Hull East Yorkshire HU2 8HX
8th December 2021
Page 4
The Warren of Hull Limited
Statement of Financial Activities
for the year ended 31st March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 766,566 Other trading activities 3 - Total 766,566 EXPENDITURE ON Raising funds 4 638,570 Other 75,146 Total 713,716 NET INCOME 52,850 RECONCILIATION OF FUNDS Total funds brought forward 265,054 TOTAL FUNDS CARRIED FORWARD 317,904 |
Restricted funds £ 116,236 - 116,236 116,236 - 116,236 - - - |
2021 Total funds £ 882,802 - 882,802 754,806 75,146 829,952 52,850 265,054 317,904 |
2020 Total funds £ 689,314 |
|---|---|---|---|
| 14,941 | |||
| 704,255 | |||
| 615,104 45,911 |
|||
| 661,015 | |||
| 43,240 | |||
| 221,814 | |||
| 265,054 | |||
The notes form part of these financial statements
Page 5
The Warren of Hull Limited
Balance Sheet
31st March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 17,275 Investments 11 1 17,276 CURRENT ASSETS Debtors 12 46,328 Cash at bank 330,925 377,253 CREDITORS Amounts falling due within one year 13 (76,625) NET CURRENT ASSETS 300,628 TOTAL ASSETS LESS CURRENT LIABILITIES 317,904 NET ASSETS 317,904 FUNDS 14 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - 45,970 45,970 (45,970) - - - |
2021 Total funds £ 17,275 1 17,276 46,328 376,895 423,223 (122,595) 300,628 317,904 317,904 317,904 317,904 |
2020 Total funds £ 27,228 1 |
|---|---|---|---|
| 27,229 | |||
| 51,754 294,719 |
|||
| 346,473 | |||
| (108,648) 237,825 265,054 |
|||
| 265,054 | |||
| 265,054 265,054 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
The Warren of Hull Limited
Balance Sheet - continued 31st March 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8th December 2021 and were signed on its behalf by:
L S Atkin - Trustee
The notes form part of these financial statements
Page 7
The Warren of Hull Limited
Cash Flow Statement
for the year ended 31st March 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 82,280 (104) 82,176 - - 82,176 294,719 376,895 |
2020 |
|---|---|---|
| £ | ||
| 67,715 (170) 67,545 (28,114) (28,114) 39,431 255,288 294,719 |
The notes form part of these financial statements
Page 8
The Warren of Hull Limited
Notes to the Cash Flow Statement for the year ended 31st March 2021
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 52,850 | 43,240 | |
| Adjustments for: | |||
| Depreciation charges | 9,953 | 4,103 | |
| Interest paid | 104 | 170 | |
| Decrease in debtors | 5,179 | 18,998 | |
| Increase in creditors | 14,194 | 1,204 | |
| Net cash provided by operations | 82,280 | 67,715 | |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1/4/20 | Cash flow | At 31/3/21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 294,719 | 82,176 | 376,895 |
| 294,719 | 82,176 | 376,895 | |
| Total | 294,719 | 82,176 | 376,895 |
The notes form part of these financial statements
Page 9
The Warren of Hull Limited
Notes to the Financial Statements for the year ended 31st March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
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.
Expenditure
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 transfer 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 classified under headings 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Grants and donations Hull City Council Big Lottery Fund - Restricted HLC Covid Grants Government Grants |
2021 £ 279,965 95,470 162,206 302,737 30,948 11,476 882,802 |
2020 |
|---|---|---|
| £ | ||
| 237,330 91,030 128,210 232,744 - - 689,314 |
continued...
Page 10
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2021
3. OTHER TRADING ACTIVITIES
| Record Store RAISING FUNDS Raising donations and legacies Staff costs Rates and water Insurance Project services Covid spend Postage and stationery Cleaning and sundry Activities Counselling Staff training and volunteer expenses Can do HLC |
2021 £ - 2021 £ 260,662 2,355 2,066 79,609 28,498 2,254 1,510 24,145 1,174 3,156 90,857 248,952 745,238 |
2020 | |
|---|---|---|---|
| £ | |||
| 14,941 | |||
| 2020 | |||
| £ | |||
| 251,001 2,318 1,725 11,809 - 2,127 1,386 51,977 5,138 3,327 83,384 182,069 |
|||
| 596,261 |
4. RAISING FUNDS Raising donations and legacies
Other trading activities
| Record store budget Support costs Aggregate amounts 5. SUPPORT COSTS Other trading activities |
2021 2020 £ £ - 11,404 9,568 7,439 9,568 18,843 754,806 615,104 Governance costs £ 9,568 |
2020 | |
|---|---|---|---|
| £ | |||
| 11,404 7,439 |
|||
| 18,843 | |||
| 615,104 |
continued...
Page 11
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2021
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 2,160 | 1,800 |
| Depreciation - owned assets | 9,953 | 4,103 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.
8. STAFF COSTS
| Wages and salaries | 2021 £ 260,662 260,662 |
2020 |
|---|---|---|
| £ 251,001 251,001 |
The average monthly number of employees during the year was as follows:
| Counsellors Administration Project staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 561,104 Other trading activities 14,941 Total 576,045 EXPENDITURE ON Raising funds 486,894 Other 45,911 Total 532,805 |
2021 2 1 19 22 Restricted funds £ 128,210 - 128,210 128,210 - 128,210 |
2020 |
|---|---|---|
| 2 1 19 22 |
||
| Total funds £ 689,314 |
||
| 14,941 | ||
| 704,255 | ||
| 615,104 45,911 |
||
| 661,015 |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 12
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2021
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| NET INCOME | 43,240 | - | 43,240 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 221,814 | - | 221,814 | |
| TOTAL FUNDS CARRIED FORWARD | 265,054 | - | 265,054 | |
| 10. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1st April 2020 and 31st March 2021 | 48,122 | 29,313 | 77,435 | |
| DEPRECIATION | ||||
| At 1st April 2020 | 46,033 | 4,174 | 50,207 | |
| Charge for year | 313 | 9,640 | 9,953 | |
| At 31st March 2021 | 46,346 | 13,814 | 60,160 | |
| NET BOOK VALUE | ||||
| At 31st March 2021 | 1,776 | 15,499 | 17,275 | |
| At 31st March 2020 | 2,089 | 25,139 | 27,228 | |
| 11. | FIXED ASSET INVESTMENTS | |||
| Shares in | ||||
| group | ||||
| undertakings | ||||
| £ | ||||
| MARKET VALUE | ||||
| At 1st April 2020 and 31st March 2021 | 1 | |||
| NET BOOK VALUE | ||||
| At 31st March 2021 | 1 | |||
| At 31st March 2020 | 1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
continued...
Page 13
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2021
11. FIXED ASSET INVESTMENTS - continued
The Warren of Hull Trading Limited
Registered office: 47-49 Queens Dock Avenue, Hull, HU1 3DR Nature of business: Record store and cafe
| % Class of share: holding Ordinary 100 Aggregate capital and reserves Loss for the year 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed by group undertakings Prepayments and accrued income 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed to group undertakings Accruals and deferred income 14. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 165,054 Repair and maintenance Fund 40,000 Redundancy Fund 60,000 265,054 TOTAL FUNDS 265,054 |
2021 £ (92) (1,325) 2021 £ 653 45,675 46,328 2021 £ - 122,595 122,595 Net movement in funds £ 52,850 - - 52,850 52,850 |
|||
|---|---|---|---|---|
| 2020 £ 1,233 (1,932) |
||||
continued...
Page 14
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2021
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Big Lottery Fund Building development TOTAL FUNDS |
Incoming resources £ 766,566 162,206 (45,970) 116,236 882,802 |
Resources Movement expended in funds £ £ (713,716) 52,850 (162,206) - 45,970 - (116,236) - (829,952) 52,850 |
|---|---|---|
Comparatives for movement in funds
| At 1/4/19 £ Unrestricted funds General fund 121,814 Repair and maintenance Fund 40,000 Redundancy Fund 60,000 221,814 TOTAL FUNDS 221,814 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 576,045 Restricted funds Big Lottery Fund 128,210 TOTAL FUNDS 704,255 |
Net movement At in funds 31/3/20 £ £ 43,240 165,054 - 40,000 - 60,000 43,240 265,054 43,240 265,054 Resources Movement expended in funds £ £ (532,805) 43,240 (128,210) - (661,015) 43,240 |
|---|---|
Page 15
continued...
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2021
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Repair and maintenance Fund Redundancy Fund TOTAL FUNDS |
At 1/4/19 £ 121,814 40,000 60,000 221,814 221,814 |
Net movement in funds £ 96,090 - - 96,090 96,090 |
At 31/3/21 £ 217,904 40,000 60,000 |
|---|---|---|---|
| 317,904 | |||
| 317,904 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,342,611 | (1,246,521 ) | 96,090 |
| Restricted funds | |||
| Big Lottery Fund | 290,416 | (290,416) | - |
| Building development | (45,970) | 45,970 | - |
| 244,446 | (244,446) | - | |
| TOTAL FUNDS | 1,587,057 | (1,490,967 ) | 96,090 |
The maintenance of reasonable reserves provides some stability to the charity in circumstances where funding streams are variable. In this context separate funds have been established for Redundancy and Repairs and Maintenance.
15. RELATED PARTY DISCLOSURES
At the balance sheet date, the company was owed £653 from the The Warren of Hull Trading Limited.
Page 16
The Warren of Hull Limited
Detailed Statement of Financial Activities for the year ended 31st March 2021
| INCOME AND ENDOWMENTS Donations and legacies Grants and donations Hull City Council Big Lottery Fund - Restricted HLC Covid Grants Government Grants Other trading activities Record Store Total incoming resources EXPENDITURE Raising donations and legacies Wages Rates and water Insurance Project services Covid spend Postage and stationery Cleaning and sundry Activities Counselling Staff training and volunteer expenses Can do HLC Other trading activities Record store budget Other Building development Depreciation of tangible fixed assets Support costs Governance costs Auditors' remuneration Carried forward |
2021 £ 279,965 95,470 162,206 302,737 30,948 11,476 882,802 - 882,802 260,662 2,355 2,066 79,609 28,498 2,254 1,510 24,145 1,174 3,156 90,857 248,952 745,238 - 65,193 9,953 75,146 2,160 2,160 |
2020 £ 237,330 91,030 128,210 232,744 - - |
|
|---|---|---|---|
| 689,314 14,941 |
|||
| 704,255 251,001 2,318 1,725 11,809 - 2,127 1,386 51,977 5,138 3,327 83,384 182,069 |
|||
| 596,261 11,404 41,808 4,103 |
|||
| 45,911 1,800 1,800 |
This page does not form part of the statutory financial statements
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The Warren of Hull Limited
Detailed Statement of Financial Activities for the year ended 31st March 2021
| for the year ended 31st March 2021 | |||
|---|---|---|---|
| Governance costs Brought forward Sage and software costs Accountancy and legal fees Bank charges and interest Total resources expended Net income |
2021 £ 2,160 7,304 - 104 9,568 829,952 52,850 |
2020 £ |
|
| 1,800 4,889 580 170 |
|||
| 7,439 | |||
| 661,015 | |||
| 43,240 | |||
This page does not form part of the statutory financial statements
Page 18