REGISTERED COMPANY NUMBER: 02257667 (England and Wales) REGISTERED CHARITY NUMBER: 700458
Report of the Trustees and
Financial Statements
for the Year Ended 31st March 2023
for
The Warren of Hull Limited
Sadofskys Statutory Auditors 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 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Report of the Independent Auditors | 6 | to | 9 |
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | to | 12 |
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 22 |
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2023
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 2023. 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).
Page 1
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2023
ACHIEVEMENT AND PERFORMANCE
There have been a number of very positive developments at The Warren in the past financial year in terms of our income - but there are two significant overall developments that gives greater context to our work and financial wellbeing. The first of those is the 14% increase in the number of young people accessing our service - taking our attendees figure to 1,469 young people, the second is the most alarming - a 39% increase in the number of attendances. This surge in need for our support services tells us that the social-economic circumstances of our cohort is worsening significantly. We have never seen such a dramatic annual rise in our 40-year history.
The good news is that we continue to develop and enhance what is an already comprehensive existing service offer. In financial terms we now have the security of a 10-year contract with NHS England to deliver our FlipSide programme which is designed to support young people who are at risk of criminal and sexual exploitation - this is a significantly positive development and demonstrates an increasing success in securing commissioned work from national bodies.
Similarly, continuing the national commissioning theme, we have now attained National Portfolio Organisation status with Arts Council England which means that the creative output of The Warren is deemed to be of national significance - an accolade that comes with a three-year grant fund. This has required us to hold NPO-specific Board Meetings and adjust our Governance and youth-led ethos slightly (through the creation of new democratic mechanisms within our organization (such as the creation of a Creative Committee of young people to oversee our ACE-funded programme). Additionally around that theme we have sub-let a proportion of our space to an established young theatre company who will be working in partnership with us to explore opportunities to develop more creative use of some of our spaces. Our NPO status has its own identity - FORGED @ The Warren - and we will be delivering a host of creative projects over the next three years and hopefully will secure NPO status for a further 3 years beyond that also (beyond another successful commissioning process). This is a significant accolade for The Warren and puts us at the heart of the strategic strategy for the city of Hull and cements our long-standing reputation for producing artistic work of national significance.
We have also secured significant funding for our campaign and policy-change work from The Blagrave Trust - enabling us to focus on three high profile pieces of work around education, suicide-prevention and policing (all of which are pieces of work initiated by The Warren and then co-produced in partnership with external organisations).
Our digital facility - The Curve - continues to go from strength to strength and is entering its third and final year (23-2024) of funding on this current commissioning period and we're hopeful of being successful in a potential recommissioning by Sept 2024). Additionally we secured additional funding from Hubbub & Virgin Media O2 to develop our digital skills & inclusion programme - TekAtak.
Our Employability & Skills team 'Achieve' continue to outperform their objectives in supporting young people into employment, education and training by developing a bespoke person-centred approach to tackling young people's personal barriers to employment. The challenge in the year(s) ahead is securing funding through the UK Shared Prosperity Fund to replace the European Social Fund that came to an end in 2022-23 - although given our outstanding performance in this area (and the success of partners among our wider consortium) we are confident of securing that substitute funding.
In terms of mental health, we continue to secure new monies to develop acclaimed pilot initiatives which address young people's mental-health needs - such as Take The Plunge (funded by Active Humber), Three Minute Monologues (funded by Comic Relief) and Complementary Therapies (funded by NHS England). Our hopes are that we develop those into fully fledged programmes as we have in the past with other initiatives.
Our influence and impact continues to grow, with The Warren now sitting on a wide variety of panels, boards and steering groups ranging from the LEP's Digital Skills Partnership to the our regions Mental Heath Development Group. This range of influence - coupled with our continued success in securing new sources of funding - should continue to equip us with the finances required to tackle the increasing demand from young people for our services.
FUTURE PLANS
See Achievements and Performance.
Page 2
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2023
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 3
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees for the year ended 31st March 2023
Trustees
B Woodcock B M Draper (resigned 14/12/22) A E Flack C Ramsay (resigned 14/12/22) D Robinson J A Rippingale L S Atkin E Flanagan P Litten Dr J White Mrs G Burrows (appointed 14/12/22) S T Kay (appointed 14/12/22)
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.
Auditors
Sadofskys Statutory Auditors Princes House Wright Street Hull East Yorkshire HU2 8HX
Bankers
The Co-operative Bank PO Box 250 Delf House Skelmersdale WN8 6WT
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Warren of Hull Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 4
The Warren of Hull Limited (Registered number: 02257667)
Report of the Trustees
for the year ended 31st March 2023
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Sadofskys, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 20th December 2023 and signed on its behalf by:
L S Atkin - Trustee
Page 5
Report of the Independent Auditors to the Trustees of The Warren of Hull Limited
Opinion
We have audited the financial statements of The Warren of Hull Limited (the 'charitable company') for the year ended 31st March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31st March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the charitable company has not kept adequate accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Page 6
Report of the Independent Auditors to the Trustees of The Warren of Hull Limited
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 7
Report of the Independent Auditors to the Trustees of The Warren of Hull Limited
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the charity through discussions with the trustees and other management; -we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, the Charities Act 2011, UK tax legislation, and data protection, anti-bribery, employment, environmental, and health and safety legislation;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of the trustees and inspecting legal correspondence; and
-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-making enquiries of the trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of trustees as to actual and potential litigation and claims; and
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reviewing correspondence with relevant regulators and the charity's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other informed management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Page 8
Report of the Independent Auditors to the Trustees of The Warren of Hull Limited
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sadofskys Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Princes House Wright Street Hull East Yorkshire HU2 8HX
20th December 2023
Page 9
The Warren of Hull Limited
Statement of Financial Activities
for the year ended 31st March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Raising funds 3 Other Total NET INCOME Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 1,316,563 1,222,608 29,435 1,252,043 64,520 6,685 71,205 419,053 490,258 |
Restricted funds £ - - - - - (6,685) (6,685) 45,970 39,285 |
2023 Total funds £ 1,316,563 1,222,608 29,435 1,252,043 64,520 - 64,520 465,023 529,543 |
2022 Total funds £ 903,318 |
|---|---|---|---|---|
| 711,011 45,188 |
||||
| 756,199 | ||||
| 147,119 - |
||||
| 147,119 317,904 |
||||
| 465,023 |
The notes form part of these financial statements
Page 10
The Warren of Hull Limited (Registered number: 02257667)
Balance Sheet 31st March 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 9,622 Investments 10 1 9,623 CURRENT ASSETS Debtors 11 123,068 Cash at bank 550,741 673,809 CREDITORS Amounts falling due within one year 12 (193,174) NET CURRENT ASSETS 480,635 TOTAL ASSETS LESS CURRENT LIABILITIES 490,258 NET ASSETS 490,258 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 39,285 39,285 - 39,285 39,285 39,285 |
2023 Total funds £ 9,622 1 9,623 123,068 590,026 713,094 (193,174) 519,920 529,543 529,543 490,258 39,285 529,543 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
continued...
Page 11
The Warren of Hull Limited (Registered number: 02257667)
Balance Sheet - continued
31st March 2023
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 20th December 2023 and were signed on its behalf by:
L S Atkin - Trustee
The notes form part of these financial statements
Page 12
The Warren of Hull Limited
Cash Flow Statement
for the year ended 31st March 2023
| 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 (used in)/provided by 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 |
2023 £ 203,972 (93) 203,879 (10,647) (10,647) 193,232 396,794 590,026 |
2022 £ 20,024 (125) 19,899 - - 19,899 376,895 396,794 |
|---|---|---|
The notes form part of these financial statements
Page 13
The Warren of Hull Limited
Notes to the Cash Flow Statement
for the year ended 31st March 2023
| 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 | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| Net income for the reporting period (as per the Statement of Financial | |||||
| Activities) | 64,520 | 147,119 | |||
| Adjustments for: | |||||
| Depreciation charges | 8,755 | 9,545 | |||
| Interest paid | 93 | 125 | |||
| Decrease/(increase) in debtors | 181,206 | (257,946) | |||
| (Decrease)/increase in creditors | (50,602) | 121,181 | |||
| Net cash provided by operations | 203,972 | 20,024 | |||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1/4/22 | Cash flow | At 31/3/23 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank | 396,794 | 193,232 | 590,026 | ||
| 396,794 | 193,232 | 590,026 | |||
| Total | 396,794 | 193,232 | 590,026 |
The notes form part of these financial statements
Page 14
The Warren of Hull Limited
Notes to the Financial Statements
for the year ended 31st March 2023
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 Humber NHS Foundation Trust |
2023 £ 393,046 91,125 122,796 176,344 533,252 1,316,563 |
2022 £ 360,354 91,875 79,714 209,982 161,393 |
|---|---|---|
| 903,318 |
Page 15
continued...
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
3. RAISING FUNDS
Raising donations and legacies
| Staff costs Rates and water Insurance Project services 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 |
2023 £ 447,186 46 2,241 47,321 2,224 2,193 72,882 7,209 6,253 44,164 139,385 - 440,357 1,211,461 2023 £ 11,147 1,222,608 |
2022 £ 281,010 2,355 3,500 39,633 1,899 1,921 42,312 5,641 5,841 86,684 130,233 26,792 72,990 700,811 2022 £ 10,200 711,011 Governance costs £ 11,147 4,890 16,037 |
|---|---|---|
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continued...
The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2023
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 2,490 | 2,310 |
| Depreciation - owned assets | 8,755 | 9,545 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
7. STAFF COSTS
| STAFF COSTS | ||||
|---|---|---|---|---|
| Wages and salaries The average monthly number of employees during the year was as follows: Counsellors 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 823,604 EXPENDITURE ON Raising funds 631,297 Other 45,188 Total 676,485 |
2023 £ 447,186 447,186 2023 2 26 28 Restricted funds £ 79,714 79,714 - 79,714 |
2022 £ 281,010 281,010 2022 2 21 23 Total funds £ 903,318 711,011 45,188 756,199 |
||
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 17
The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ NET INCOME 147,119 - Transfers between funds (45,970) 45,970 Net movement in funds 101,149 45,970 RECONCILIATION OF FUNDS Total funds brought forward 317,904 - TOTAL FUNDS CARRIED FORWARD 419,053 45,970 9. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1st April 2022 48,122 29,313 Additions - 10,647 At 31st March 2023 48,122 39,960 DEPRECIATION At 1st April 2022 46,612 23,093 Charge for year 226 8,529 At 31st March 2023 46,838 31,622 NET BOOK VALUE At 31st March 2023 1,284 8,338 At 31st March 2022 1,510 6,220 |
Total funds £ |
|---|---|
| 147,119 - |
|
| 147,119 317,904 |
|
| 465,023 | |
| Totals £ 77,435 10,647 88,082 69,705 8,755 78,460 9,622 7,730 |
continued...
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The Warren of Hull Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2023
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1st April 2022 and 31st March 2023 | 1 |
| NET BOOK VALUE | |
| At 31st March 2023 | 1 |
| At 31st March 2022 | 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 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 |
2023 £ (92) 2023 £ 653 122,415 123,068 - 123,068 |
2022 £ (92) 2022 £ 653 60,325 60,978 243,296 304,274 |
|---|---|---|
continued...
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The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 13. MOVEMENT IN FUNDS Net movement At 1/4/22 in funds £ £ Unrestricted funds General fund 419,053 64,520 Restricted funds Repair and Maintenance fund 45,970 - TOTAL FUNDS 465,023 64,520 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,316,563 TOTAL FUNDS 1,316,563 Comparatives for movement in funds Net movement At 1/4/21 in funds £ £ Unrestricted funds General fund 317,904 147,119 Restricted funds Repair and Maintenance fund - - TOTAL FUNDS 317,904 147,119 |
2023 £ 193,174 Transfers between funds £ 6,685 (6,685) - Resources expended £ (1,252,043 ) (1,252,043 ) Transfers between funds £ (45,970) 45,970 - |
2022 £ 243,776 At 31/3/23 £ 490,258 39,285 529,543 Movement in funds £ 64,520 |
2022 £ 243,776 |
|---|---|---|---|
| At 31/3/23 £ 490,258 39,285 |
|||
| 529,543 | |||
| 64,520 | |||
| At 31/3/22 £ 419,053 45,970 |
|||
| 465,023 |
continued...
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The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 823,604 Restricted funds Big Lottery Fund 79,714 TOTAL FUNDS 903,318 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1/4/21 in funds £ £ Unrestricted funds General fund 317,904 211,639 Restricted funds Repair and Maintenance fund - - TOTAL FUNDS 317,904 211,639 |
Resources Movement expended in funds £ £ (676,485) 147,119 (79,714) - (756,199) 147,119 Transfers between At funds 31/3/23 £ £ (39,285) 490,258 39,285 39,285 - 529,543 |
Resources Movement expended in funds £ £ (676,485) 147,119 (79,714) - (756,199) 147,119 Transfers between At funds 31/3/23 £ £ (39,285) 490,258 39,285 39,285 - 529,543 |
|---|---|---|
| 147,119 | ||
| At 31/3/23 £ 490,258 39,285 |
||
| 529,543 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Big Lottery Fund TOTAL FUNDS |
Incoming resources £ 2,140,167 79,714 2,219,881 |
Resources expended £ (1,928,528 ) (79,714) (2,008,242 ) |
Movement in funds £ 211,639 - |
|---|---|---|---|
| 211,639 |
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.
continued...
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The Warren of Hull Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
14. RELATED PARTY DISCLOSURES
At the balance sheet date, the company was owed £653 from the The Warren of Hull Trading Limited.
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