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 2022
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 2022
| 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 | 17 |
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2022
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 2022. 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 we have successfully secured the following:
-
Funding to support young people to develop meaningful and impactful change through the development of 3 new social justice campaigns that both raises the profile and addresses the issues that concern them;
-
We have developed a new food-skills hub (called SCRAN) to support young people around food poverty and food inequality in a meaningful and impactful way;
-
Funding for a state-of-the-art digital hub (know as The Curve) that addresses the digital-skills gap by equipping them with accredited skills and know-how through free access to industry standard hardware and software;
-
Short-term funding for our Creative Mental Health Programme & Mental Health Services.
FINANCIAL REVIEW
As with every other organization the global pandemic posed a significant challenge in terms of organizational development. However, while certain key strategic objectives - (such as our plans for development of a music-themed boutique hotel in 300sq m of our 1,500sq m building to enhance financial sustainability) have been put on hold - we have still managed to expand and enhance our service offer to young people and secure the funds to do so.
Our successes on these points are detailed below, but these same successes are also continued confirmation that our needs-led/youth-led model is still the most authentic, relevant and effective approach and especially so in times of continued socio-economic upheaval. So our strategic growth continues on an upward trajectory in terms of expansion of services provision; the increasingly comprehensive nature of that offer; our staffing levels (3 times that of 8 years ago); and our financial security - we have continued to forge new relationships with partners and funders while also strengthening relationships with those who already fund our work.
The most significant issues we are now seeing are difficult to prioritise because of the complex inter-connectivity of those needs - ie we can't address one issue without addressing the other. However, housing-needs seems to be the issue that most significantly exacerbates other pre-existing issues such as unemployment, mental-health and wellbeing - so that is our top priority for the coming years ahead.
FUTURE PLANS
-
To secure sustainable ownership of our building through a Community Asset Transfer;
-
To continue to lobby statutory authorities to consider funding creative and holistic programmes as a means of supporting young people's wellbeing;
-
To secure funding for a youth-led arts-programme;
-
To pick-up our plans for a youth-led social housing model;
-
Continue to project youth voice and representation wherever possible;
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Continue to empower marginalised and vulnerable young people to take control of their lives and become their best possible selves.
Page 1
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 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 (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2022
Trustees
B Woodcock B M Draper A E Flack C Ramsay D Robinson J A Rippingale L S Atkin E Flanagan Mrs P Litten Dr J White
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 15th December 2022 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 2022.
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:
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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
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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
16th December 2022
Page 4
The Warren of Hull Limited
Statement of Financial Activities
for the year ended 31st March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 823,604 EXPENDITURE ON Raising funds 3 631,297 Other 45,188 Total 676,485 NET INCOME 147,119 Transfers between funds 14 (45,970) Net movement in funds 101,149 RECONCILIATION OF FUNDS Total funds brought forward 317,904 TOTAL FUNDS CARRIED FORWARD 419,053 |
Restricted funds £ 79,714 79,714 - 79,714 - 45,970 45,970 - 45,970 |
2022 Total funds £ 903,318 711,011 45,188 756,199 147,119 - 147,119 317,904 465,023 |
2021 Total funds £ 882,802 |
|---|---|---|---|
| 754,806 75,146 |
|||
| 829,952 | |||
| 52,850 - |
|||
| 52,850 265,054 |
|||
| 317,904 |
The notes form part of these financial statements
Page 5
The Warren of Hull Limited (Registered number: 02257667)
Balance Sheet 31st March 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 7,730 Investments 10 1 7,731 CURRENT ASSETS Debtors 11 304,274 Cash at bank 350,824 655,098 CREDITORS Amounts falling due within one year 12 (243,776) NET CURRENT ASSETS 411,322 TOTAL ASSETS LESS CURRENT LIABILITIES 419,053 NET ASSETS 419,053 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 45,970 45,970 - 45,970 45,970 45,970 |
2022 Total funds £ 7,730 1 7,731 304,274 396,794 701,068 (243,776) 457,292 465,023 465,023 419,053 45,970 465,023 |
2021 Total funds £ 17,275 1 17,276 46,328 422,865 469,193 (168,565) 300,628 317,904 317,904 317,904 - 317,904 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 (Registered number: 02257667)
Balance Sheet - continued
31st March 2022
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 15th December 2022 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 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash (used in)/provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2022 £ (25,946) (125) (26,071) (26,071) 376,895 350,824 |
2021 £ 82,280 (104) 82,176 82,176 294,719 376,895 |
|---|---|---|
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 2022
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| Net income for the reporting period (as per the Statement of Financial | |||||
| Activities) | 147,119 | 52,850 | |||
| Adjustments for: | |||||
| Depreciation charges | 9,545 | 9,953 | |||
| Interest paid | 125 | 104 | |||
| (Increase)/decrease in debtors | (257,946) | 5,179 | |||
| Increase in creditors | 75,211 | 14,194 | |||
| Net cash (used in)/provided by operations | (25,946) | 82,280 | |||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Notice deposits (less than 3 months) | 396,794 | 422,865 | |||
| Overdrafts included in bank loans and overdrafts falling due within one year | (45,970) | (45,970) | |||
| Total cash and cash equivalents | 350,824 | 376,895 | |||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1/4/21 | Cash flow | At 31/3/22 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank | 422,865 | (26,071) | 396,794 | ||
| Bank overdraft | (45,970) | - | (45,970) | ||
| 376,895 | (26,071) | 350,824 | |||
| Total | 376,895 | (26,071) | 350,824 |
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 2022
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 Humber NHS Foundation Trust |
2022 £ 360,354 91,875 79,714 209,982 - - 161,393 903,318 |
2021 £ 279,965 95,470 162,206 302,737 30,948 11,476 - |
|---|---|---|
| 882,802 |
continued...
Page 10
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2022
3. 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 PHF NHS Other trading activities Support costs Aggregate amounts 4. SUPPORT COSTS Other trading activities Other resources expended |
2022 2021 £ £ 281,010 260,662 2,355 2,355 3,500 2,066 39,633 79,609 - 28,498 1,899 2,254 1,921 1,510 42,312 24,145 5,641 1,174 5,841 3,156 86,684 90,857 130,233 248,952 26,792 - 72,990 - 700,811 745,238 2022 2021 £ £ 10,200 9,568 711,011 754,806 Governance costs £ 10,200 2,310 12,510 |
|---|---|
continued...
Page 11
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2022
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 2,310 | 2,160 |
| Depreciation - owned assets | 9,545 | 9,953 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
7. STAFF COSTS
| STAFF COSTS | ||||
|---|---|---|---|---|
| Wages and salaries The average monthly number of employees during the year was as follows: Counsellors Administration Project staff |
2022 £ 281,010 281,010 2022 2 - 21 23 |
2021 £ 260,662 |
||
| 260,662 | ||||
| 2021 2 1 19 22 |
No employees received emoluments in excess of £60,000.
continued...
Page 12
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2022
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 766,566 116,236 EXPENDITURE ON Raising funds 638,570 116,236 Other 75,146 - Total 713,716 116,236 NET INCOME 52,850 - RECONCILIATION OF FUNDS Total funds brought forward 265,054 - TOTAL FUNDS CARRIED FORWARD 317,904 - 9. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1st April 2021 and 31st March 2022 48,122 29,313 DEPRECIATION At 1st April 2021 46,346 13,814 Charge for year 266 9,279 At 31st March 2022 46,612 23,093 NET BOOK VALUE At 31st March 2022 1,510 6,220 At 31st March 2021 1,776 15,499 |
Total funds £ 882,802 |
|---|---|
| 754,806 75,146 |
|
| 829,952 | |
| 52,850 265,054 |
|
| 317,904 | |
| Totals £ 77,435 60,160 9,545 69,705 7,730 17,275 |
continued...
Page 13
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2022
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1st April 2021 and 31st March 2022 | 1 |
| NET BOOK VALUE | |
| At 31st March 2022 | 1 |
| At 31st March 2021 | 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:
The Warren of Hull Trading Limited
Registered office: 47-49 Queens Dock Avenue, Hull, HU1 3DR Nature of business: Dormant
| % Class of share: holding Ordinary 100 Aggregate capital and reserves Loss for the year 11. DEBTORS Amounts falling due within one year: Amounts owed by group undertakings Prepayments and accrued income Amounts falling due after more than one year: Accrued income Aggregate amounts |
2022 £ (92) - 2022 £ 653 60,325 60,978 243,296 304,274 |
2021 £ (92) (1,325) 2021 £ 653 45,675 46,328 - 46,328 |
|---|---|---|
continued...
Page 14
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2022
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Accruals and deferred income 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 14. MOVEMENT IN FUNDS At 1/4/21 £ Unrestricted funds General fund 317,904 Restricted funds Repair and Maintenance fund - TOTAL FUNDS 317,904 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Big Lottery Fund TOTAL FUNDS |
Net movement in funds £ 147,119 - 147,119 Incoming resources £ 823,604 79,714 903,318 |
2022 2021 £ £ 45,970 45,970 197,806 122,595 243,776 168,565 2022 2021 £ £ 45,970 45,970 Transfers between At funds 31/3/22 £ £ (45,970) 419,053 45,970 45,970 - 465,023 Resources Movement expended in funds £ £ (676,485) 147,119 (79,714) - (756,199) 147,119 |
2021 £ 45,970 122,595 |
2021 £ 45,970 122,595 |
|---|---|---|---|---|
| 168,565 | ||||
| 2021 £ 45,970 At 31/3/22 £ 419,053 45,970 |
2021 £ 45,970 |
|||
| 465,023 | ||||
| 147,119 |
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continued...
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2022
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/4/20 £ Unrestricted funds General fund 119,084 Repair and maintenance Fund 85,970 Redundancy Fund 60,000 265,054 TOTAL FUNDS 265,054 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 766,566 Restricted funds Big Lottery Fund 162,206 Building development (45,970) 116,236 TOTAL FUNDS 882,802 |
Net movement At in funds 31/3/21 £ £ 52,850 171,934 - 85,970 - 60,000 52,850 317,904 52,850 317,904 Resources Movement expended in funds £ £ (713,716) 52,850 (162,206) - 45,970 - (116,236) - (829,952) 52,850 |
At 31/3/21 £ 171,934 85,970 60,000 |
|---|---|---|
| 317,904 | ||
| 317,904 | ||
| - | ||
| 52,850 |
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 Restricted funds Repair and Maintenance fund TOTAL FUNDS |
At 1/4/20 £ 119,084 85,970 60,000 265,054 - 265,054 |
Net movement in funds £ 199,969 - - 199,969 - 199,969 |
Transfers between funds £ (45,970) - - (45,970) 45,970 - |
At 31/3/22 £ 273,083 85,970 60,000 |
|---|---|---|---|---|
| 419,053 45,970 |
||||
| 465,023 |
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continued...
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2022
14. MOVEMENT IN FUNDS - continued
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 | 1,590,170 | (1,390,201 ) | 199,969 |
| Restricted funds | |||
| Big Lottery Fund | 241,920 | (241,920) | - |
| Building development | (45,970) | 45,970 | - |
| 195,950 | (195,950) | - | |
| TOTAL FUNDS | 1,786,120 | (1,586,151 ) | 199,969 |
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 17