**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:
1. 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;
2. 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;
3. 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;
4. 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**
1. To secure sustainable ownership of our building through a Community Asset Transfer;
2. To continue to lobby statutory authorities to consider funding creative and holistic programmes as a means of supporting young people's wellbeing;
3. To secure funding for a youth-led arts-programme;
4. To pick-up our plans for a youth-led social housing model;
5. Continue to project youth voice and representation wherever possible;
6. 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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**||
Page 15
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|
Page 16
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