Smailes Goldie
CHARTERED ACCOUNTANTS
REGISTERED COMPANY NUMBER: 02432547
REGISTERED CHARITY NUMBER: 702269
Humbercare Limited
(A Company Limited by Guarantee)
Financial Statements
31 March 2025
SD-0221081-1-6
CHARTERED
ACCOUNTANTS

Humbercare Limited
Contents of the Financial Statements
for the year ended 31st March 2025
Reference and Administrative Details
Report of the Trustees
Statement of Trustees' Responsibilities
Report of the Independent Auditors
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements
Page
1
2 to 4
5
6 to 8
9
10
11
12
13 to
• 26

Humbercare Limited
Reference and Administrative Details
for the year ended 31st March 2025
TRUSTEES
COMPANY SECRETARY
REGISTERED OFFICE
JE Malyon
JM Sharpley
HJ Spencer
S Young
J Tribe (appointed 15.4.2024)
R McKinnon
81 Beverley Road
Hull
East Yorkshire
HU3 1XR
02432547 (England and Wales)
REGISTERED COMPANY
NUMBER
REGISTERED CHARITY
NUMBER
INDEPENDENT AUDITORS
702269
Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA
SENIOR MANAGEMENT TEAM R Mckinnon
M Mercer
K Allman
C Hornsby
Page 1

Humbercare Limited (Registered number: 02432547)
Report of the Trustees
for the year ended 31st March 2025
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 2025. 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).
OBJECTIVES AND ACTIVITIES
Statement of Purpose
We will provide information, advice, guidance, care, and support services that are tailored to individuals needs
and aspirations.
We will source and provide a range of accommodation that will meet the needs of those experiencing
homelessness be that as a result of offending, leaving care or due to suffering complex needs or severe and
multiple disadvantages.
Belief
That every individual has the opportunity to access a safe place that they can call home, within which they can
realise their full potential, optimise their life chances, improve their skills, and achieve responsible and achieve
independent living and become active and responsible members of the community.
Strategic Aims
To provide quality and value driven services;
- To provide services that contribute to the safety and wellbeing of our community;
To utilise the organisation's resources, expertise and reputation in its skill base using Care Quality
Commission accreditation, Investors in People and Matrix awards to be an employer of choice in the
voluntary sector.
Values
Provide
Prevent
Promote
Providing quality accommodation, innovative services, choices and appropriate information,
advice and guidance.
Preventing homelessness, reoffending, reliance on acute and long-term health and social
care services.
Promoting potential, opportunity, and independence.
Significant activities
Humbercare delivers a range of person-centred services to vulnerable young people and adults. Our
innovative community-based support packages include mentoring and volunteering, accommodation based
and non-accommodation-based, including mental health crisis support, housing-related support services and
supported lodgings. All our services are outcome focussed. Humbercare supply services on behalf of the
following local authorities and organisations Hull City Council, Northeast Lincolnshire Council & Clinical
Commissioning Group, East Riding of Yorkshire Council, University of Hull Humber Trust, National Probation
Service and the University of Hull.
Public benefit
During the past financial year, Humbercare has worked with over 3,500 people by helping them to maintain
their accommodation, by helping them motivate themselves regarding learning and employment, by acting as
role models and advocates, to enable them to become valuable members of the community and therefore to
reduce offending and improve the community for everyone.
Contribution of Volunteers
Management Committee
Humbercare's Management Committee (board of trustees) are volunteers and they commit themselves to at
least 6 meetings per year with the possibility of more for those who are involved in a sub-committee.
Mentors/Volunteers
Humbercare had the pleasure of working with 75 mentors/volunteers during the year. They have completed
3,734 voluntary hours in the following areas: life skills and budgeting, literacy and numeracy, befriending/role
modelling, employment and training support, education support, accommodation support.
Page 2

Humbercare Limited (Registered number: 02432547)
Report of the Trustees
for the year ended 31st March 2025
ACHIEVEMENTS AND PERFORMANCE
Fundraising activities
The charity does not carry out significant fundraising activities.
FINANCIAL REVIEW
Financial position
The results for the year and the financial position of the company are shown in the annexed financial
statements. Overall, excluding gains on pension schemes, the company made a surplus in this operating year
of £777,170 (2024: £499,630) before a dilapidation provision of £467,864 (2024: £355,000). This represents
a deficit of £223 (2024: surplus £3,387) on restricted funds and a surplus of £309,529 (2024: £141,243) on
unrestricted funds after the dilapidation provision but before pension gains/losses.
The surplus is a result of the Senior Management Team investing in infrastructure to support 3 of the
organisation's most demanding services to deliver the highest standard possible and to ensure that the
organisation can respond and be competitive in future procurement exercises. This includes investment in our
property portfolio, personnel, on-going upgrades to internal software and information technology. The
investments will assist the organisation in increasing its annual income over the next 3-5 years and continuing
to deliver high-quality services meeting the requirements of the communities the organisation works with.
During this financial year, there has been continued investment into the Finance team in terms of on-going
updates to systems and infrastructure to meet the growing demands of the organisation.
As at 31 March 2025 unrestricted reserves were £761,401 (2024: £451,872) whilst restricted reserves were
£30,939 (2024: £31,162).
Grant Making Policy
Humbercare is only able to provide grants to individuals who are using our projects or are referred by statutory
or other voluntary organisations.
All surplus funds are invested with the Charity's bankers either on deposit or in a current account with the
exception of a number of shares and unit trusts (market value £30,939 as at 31 March 2025) transferred to
Humbercare from HACRO (Hull & East Riding Association for the Care and Resettlement of Offenders) in
May, 2001.
Reserves policy
The Trustees have established a policy whereby unrestricted funds not committed or invested in tangible fixed
assets ('the free reserves') held by the charity will be expended at the Trustees' discretion in furtherance of
any of the Charity's objects. Reserves are required to cover:
- any redundancy costs that become due, together with winding up and associated legal costs;
- working capital for running the core;
- exceptional and unforeseen expenditure; and
- grants received in arrears to ensure cash flow remains healthy.
The trustees propose to build free reserves and strengthen the financial position of the charity by reducing
debtor repayment days and by continued close control of spending and regular monitoring against prudent
budgets. Due to the charity's ongoing successful expansion, it is felt that the charity is able to continue its
ongoing funded activities, or in the event of a significant drop in funding and the charity being wound up meet
redundancy and associated legal costs.
FUTURE STRATEGY
Humbercare Limited has in place a five year business strategy and yearly plans which set out to continue the
activities as outlined above in the forthcoming years subject to satisfactory funding arrangements. These
projects may be subject to further development and expansion in the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution and governing document
The charity was established in September 1989 under a Memorandum of Association which established the
objects and powers of the charitable company and is governed under its Articles of Association. The charity
constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 3

Humbercare Limited (Registered number: 02432547)
Report of the Trustees
for the year ended 31st March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Members of the management committee
Trustees and senior management team who served during the year and up to the date of this report are set
out on page 1. Members of the charitable company guarantee to contribute an amount not exceeding £1 to
the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 st
March 2025 was 5 (2024 - 5).
Recruitment, appointment, induction and training of new trustees
The directors of the Management Committee are elected at the AGM to serve a period of 3 years with one
third of all directors retiring annually, and being eligible, offering themselves for re-election at the forthcoming
Annual General Meeting. To ensure induction to Humbercare Limited, Management Committee Trustees
receive all relevant documentation and information relating to their role as a Trustee and all relevant
information relating to Humbercare.
Senior management remuneration
Key management remuneration is set by the board, based on market rates commensurate with level of sector
experience. The company does not offer a company car scheme.
AUDITORS
The auditors, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report was approved by the Board on
10-12-2025
... and signed on its behalf by:
R McKinnon - Secretary
Page 4

Humbercare Limited
Statement of Trustees' Responsibilities
for the year ended 31st March 2025
The trustees (who are also the directors of Humbercare 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. Under that law, the
trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they
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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- 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.
Page 5

Report of the Independent Auditors to the Members of
Humbercare Limited
Opinion
We have audited the financial statements of Humbercare Limited (the 'charitable company') for the year ended
31st March 2025 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:
- give a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
- 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.
Material uncertainty related 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 6

Report of the Independent Auditors to the Members of
Humbercare Limited
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received
from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the Report of the Trustees.
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.
Our responsibilities for the audit of the financial statements
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 focused on specific laws and regulations
which we considered may have a direct material effect on the financial statements or the operations of the
charitable company, including the Charities Act 2019, Companies Act 2006, tax legislation, data protection,
anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws
and regulations and the extent of compliance was obtained through discussion with management and
inspecting legal and regulatory correspondence.
We assessed the susceptibility of the charitable company's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by making enquiries of management 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:
performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates
wereindicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
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.
Page 7

Report of the Independent Auditors to the Members of
Humbercare Limited
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members 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 members as a body, for our audit work, for
this report, or for the opinions we have formed.
Stephen Bramall BSc FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA
Date: ......
10-12-2025
Page 8

Humbercare Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31st March 2025
Unrestricted
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Accommodation, advice and support
Investment income
Total
EXPENDITURE ON
Charitable activities
Accommodation, advice and support
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Notes
4
6
5
90,953
11,385,801
-
4,871
11,481,625
Restricted
Funds
20,000
105,678
1.
125,678
2025
Total
funds
€
110,953
11,491,479
4,871
11,607,303
7
11,169,050
-
125,678
(223)
(223)
312,575
(3,046)
309,529
451,872
761,401
(223)
31,162
30,939
11,294,728
(223)
312,352
(3,046)
309,306
483,034
792,340
The notes form part of these financial statements
Page 9
2024
Total
funds
23,313
9,799,668
942
9,823,923
9,682,680
3,387
144,630
26,965
171,595
311,439
483,034

Humbercare Limited (Registered number: 02432547)
Balance Sheet
31st March 2025
FIXED ASSETS
Tangible assets
Investments
Notes
13
14
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
2025
€
431,599
30,939
462,538
891,332
1,470,376
2,361,708
(1,106,542)
1,255,166
2024
208,935
31,162
240,097
538,753
823,169
1,361,922
(619,014)
742,908
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
PROVISIONS FOR LIABILITIES
PENSION LIABILITY
NET ASSETS/(LIABILITIES)
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
16
18
21
20
1,717,704
(822,864)
(102,500)
792,340
761,401
30,939
792,340
983,005
(355,000)
(144,971)
483,034
451,872
31,162
483,034
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
10 - 12-2025
and were signed on its behalf by:
J M Sharpley -
The notes form part of these financial statements
Page 10

Humbercare Limited
Cash Flow Statement
for the year ended 31st March 2025
2025
Notes
Cash flows from operating activities
Cash generated from operations
Net cash provided by operating activities
1
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Dividends received
Net cash used in investing activities
Cash flows from financing activities
Hire purchase repayments in year
Net cash provided by/(used in) financing activities
1,010,996
1,010,996
(368,660)
3,997
874
(363,789)
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
647,207
823,169
1,470,376
The notes form part of these financial statements
Page 11
2024
338,835
338,835
(103,753)
942
(102,811)
(1,666)
(1,666)
234,358
588,811
823,169

Humbercare Limited
Notes to the Cash Flow Statement
for the year ended 31st March 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIWITES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Interest received
Dividends received
Dilapidation provision
Increase in debtors
Increase in creditors
Difference between pension charge and cash contributions
Net cash provided by operations
312,352
145,997
223
(3,997)
(874)
467,864
(352,579)
487,528
(45,518)
1,010,996
144,630
78,390
(3,387)
(942)
355,000
(201,283)
8,031
(41,604)
338,835
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cast
Cash at bank and in han
Total
At 1.4.24
823,169
823,169
823,169
Cash flow
647,207
647,207
647,207
At 31.3.25
1,470,376
1,470,376
1,470,376
The notes form part of these financial statements
Page 12

Humbercare Limited
Notes to the Financial Statements
for the year ended 31st March 2025
1.
COMPANY INFORMATION
2.
Humbercare Limited is a charitable company limited by guarantee and was incorporated in the United
Kingdom on 16th October 1989 and registered as a charity on 7th December 1989. In the event of the
charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The address of the registered office is given in the charity information on page 1 of these financial
statements.
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
harities: Statement of Recommended Practice applicable to charities preparing their accounts i
iccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR
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, as modified by the revaluation of certain assets.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The Trustees have a reasonable expectation that the organisation has adequate resources to continue
in operational existence for a period of 12 months from the date of approval of these financial statements
and therefore have been prepared the financial statements on a going concern basis. In arriving at this
conclusion the trustees have considered the significant level of liquid resources, the long term contracts
with landlords and the expected income over the 5 year business plan and the annual budget for
2025/26.
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds and any perfromance conditions have been met, it is probable that the income will be received
and the amount can be measured reliably.
Income from government and other grants, whether capital or revenue, is recognised when the charity
has entitlement to the funds, any performance conditions attached to the grants have been met, it is
probable that the income will be received and the amount can be measured reliably and is not deferred
Income received in advance of the delivery of specific deliverables is deferred until the criteria for
income recognition are met.
The value of services provided by volunteers are not included.
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.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a
basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly and general costs are apportioned on an appropriate basis e.g. number of staff employed on
each project.
Page 13
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
2.
ACCOUNTING POLICIES - continued
Allocation and apportionment of costs
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include audit fees and accounting costs.
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses.
Cost includes costs directly attributable to making the asset
capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Long leasehold
- over 50 years for structural improvements
- over the length of the lease for other improvements
Westbourne improvements
- over 10 years
Fixtures and fittings
- over 3 years
Motor vehicles
- over 5 years
Computer equipment
- over 3 years
Taxation
Humbercare Limited is a UK registered charity and all of its income is applied to the achievement of its
charitable objects. The charitable company is therefore exempt under current legislation from most
forms of taxation.
Fund accounting
Unrestricted funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
management committee.
Restricted funds
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
purposeions arise when specied by the donor or when funds are raised for particular restricted
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired a
ach balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset'
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in the statement of financial activities
unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Pension costs and other post-retirement benefits
The company operates both a defined contribution pension scheme and a defined benefits scheme.
The assets of the schemes
are held separately from those of the company in independently
administered funds. Contributions are charged to the Statement of Financial Activities as they become
payable in accordance with the rules of the scheme. There is no liability under the defined benefit
scheme other than the payment of those contributions.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
Lease obligations
Page 14
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
2. ACCOUNTING POLICIES - continued
Rentals payable under operating leases are charged to the Statement of Financial Activities over the
period of the lease on a straight line basis.
Other contractual obligations that arise under operating leases, namely reinstating properties to their
pre-lease condition, are recognised based on the trustees' best estimate of the expected cost of
reinstatement at the end of the lease term by reference to the condition of the portfolio of properties at
each balance sheet date. The expected future cost is discounted back to its present value at each
balance sheet date.
3.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The trustees recognise significant judgement and estimation uncertainty exist in calculating the level of
provision required in respect of obligations to restore its portfolio of rented properties to their pre-lease
condition.
The key sources of estimation uncertainty are as follows:
Average cost to restore each property - £1,500. This has been estimated based on the proportion of
properties in the portfolio having met the Decent Homes Standard and an even distribution profile of
scheduled property restoration works.
Discount rate - 9.25%. This has been calculated by reference to the expected cost of borrowing, being
bank base rate +4%.
To reduce estimation uncertainty in future the trustees have commissioned a surveyor to calculate the
current cost to restore each property in the portfolio.
DONATIONS AND LEGACIES
Other income
Donations
Sir James Reckitt Charity
02 Grant
2025
€
614
42,045
20,000
48,294
110,953
2024
758
2,555
20,000
23,313
5.
INVESTMENT INCOME
Dividends received
Interest received
2025
874
3,997
4,871
2024
942
942
Page 15
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
6.
INCOME FROM CHARITABLE ACTIVITIES
Insurance claims
University of Hull
Income from recharged direct costs
Supporters Lodgings Providers
2025
Accommodation,
advice
and
support
2,814,075
11,300
432,361
139,690
8,094,053
11,491,479
2024
Total
activities
147,194
2,347,015
187,220
101,694
7,016,545
9,799,668
Grants received, included in the above, are as follows:
Hull City Council
North East Lincolnshire Council
Humberside Probation Service
Social Services
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
10,146,589
2025
2,101,316
650,517
-
62,242
2,814,075
Support
costs (see
note 8)
1,148,139
2024
1,732,912
535,633
33,446
45,024
2,347,015
Totals
11,294,728
8.
Accommodation, advice and support
SUPPORT COSTS
Accommodation, advice and support
Information
Governance
Administration
technology
costs
1,042,947
8,949
96,243
Totals
1,148,139
Page 16
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
Legal and professional fees
Audit and accountancy fees
2025
Accommodation,
advice
and
support
56,645
39,598
96,243
2024
Total
activities
27,038
39,142
66,180
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Auditors' remuneration
Operating lease rentals - land and buildings
2025
145,996
12,750
3,117,289
2024
78,389
14,667
2,691,023
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the
year ended 31st March 2024.
Trustees' expenses
11.
Travel costs amounting to £226 (2024: £151) were reimbursed to one trustee.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
2025
€
3,513,169
301,241
185,526
3,999,936
2024
3,224,408
268,499
174,938
3,667,845
The average monthly number of employees during the year was as follows:
Management and administration
Project co-ordinators and workers
2025
15
137
152
2024
15
131
146
Page 17
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
11.
STAFF COSTS - continued
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£100,000-£110,000
£110,000-£120,000
2025
1
1
-
1
2024
4
2
Total remuneration for key management personnel is £443,463 (2024: £353,489).
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Accommodation, advice and support
Investment income
Total
EXPENDITURE ON
Charitable activities
Accommodation, advice and support
Net gains on investments
NET INCOME
Other recognised gains/(losses)
Actuarial gains on defined benefit
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
3,313
9,799,668
942
9,803,923
20,000
20,000
Total
funds
23,313
9,799,668
942
9,823,923
9,662,680
20,000
3,387
3,387
141,243
26,965
168,208
283,664
451,872
3,387
27,775
31,162
9,682,680
3,387
144,630
26,965
171,595
311,439
483.034
Page 18
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
13. TANGIBLE FIXED ASSETS
COST
At 1st April 2024
Additions
Disposals
At 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
Eliminated on disposal
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
COST
At 1st April 2024
Additions
Disposals
At 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
Eliminated on disposal
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
Long
leasehold
87,117
282,362
369,479
5,667
70,181
75,848
293,631
81,450
Motor
vehicles
14,994
18,000
32,994
14,994
3,000
-
17,994
15,000
Westbourne
Improvements
69,018
69,018
40,060
6,902
46,962
22,056
28,958
Computer
equipment
372,872
61,070
(2,259)
431,683
300,787
51,138
(2,259)
349,666
82,017
72,085
Fixtures
and
fittings
74,033
7,228
81,261
47,591
14,775
62,366
18,895
26,442
Totals
618,034
368,660
(2,259)
984,435
409,099
145,996
(2,259)
552,836
431,599
208,935
Page 19
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st April 2024
Revaluations
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
There were no investment assets outside the UK.
The historical cost of the investments as at 31 March 2025 was £10,273 (2024: £10,273).
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
2025
194,202
697,130
891,332
Listed
investments
31,162
(223)
30,939
30,939
31,162
2024
100,744
75,671
362,338
538,753
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
2025
702,801
66,463
34,157
303,121
1,106,542
2024
326,527
57,228
25,878
209,381
619.014
17. LEASING AGREEMENTS
Within one year
Between one and five years
More than 5 years
Non-cancellable
operating leases
2025
2024
3,076,976
1,429,932
9,712,080
677,032
4,480
-
12,793,536
2,106,964
Page 20
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
18. PROVISIONS FOR LIABILITIES
19.
Dilapidation provision (undiscounted)
Discount
Discounted provision
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Investments
Current assets
Current liabilities
Provision for liabilities
Pension liability
Unrestricted
fund
431,599
2,361,708
(1,106,542)
(822,864)
(102,500)
761,401
Restricted
funds
30,939
30,939
20. MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
HACRO
TOTAL FUNDS
At 1.4.24
451,872
31,162
483,034
Page 21
2025
1,187,851
(364,987)
822,864
2025
Total
funds
431,599
30,939
2,361,708
(1,106,542)
(822,864)
(102,500)
792,340
Net
movement
in funds
309,529
(223)
309,306
2024
577,492
(222,492)
355,000
2024
31,162
1,361,922
(619,014)
(355,000)
(144,971)
483,034
At
31.3.25
€
761,401
30,939
792,340
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
20. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Unrestricted funds
General fund
Restricted funds
J. Reckitt - Restricted
HACRO
University of hull student placement
Digital Transformation Grant
Glasspool Grant
11,481,625
(11,169,050)
TOTAL FUNDS
20,000
11,300
39,378
55,000
125,678
11,607,303
(20,000)
(11,300)
(39,378)
(55,000)
(125,678)
(11,294,728)
Gains and
losses
(3,046)
223)
-
(223)
(3,269)
Comparatives for movement in funds
At 1.4.23
Net
movement
in funds
Unrestricted funds
General fund
Restricted funds
HACRO
283,664
168,208
27,775
3,387
TOTAL FUNDS
311,439
171,595
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Unrestricted funds
General fund
Restricted funds
J. Reckitt - Restricted
HACRO
9,803,923
(9,662,680)
26,965
20,000
(20,000)
-
TOTAL FUNDS
20,000
9,823,923
(20,000)
(9,682,680)
3,387
3,387
30,352
Page 22
Movement
in funds
309,529
(223)
:
(223)
309,306
At
31.3.24
451,872
31,162
483,034
Movement
in funds
168,208
3,387
3,387
171,595
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
21. EMPLOYEE BENEFIT OBLIGATIONS
Humbercare Limited operates various pension schemes resulting in a pensions charge in the Statement
of Financial Activities of £185,526 (2024: £174,938). There were outstanding contributions of £34,369
(2024: £27,217) at the year end.
Details of the various schemes are as follows:
TPT Retirement Solutions - The Growth Plan
a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into
force on 30 December 2005. This, together with documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for
funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially
liable for other participating employers' obligations if those employers are unable to meet their share of
the scheme deficit following withdrawal from the scheme. Participating employers are legally required
to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed
assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m. To eliminate this funding shortfall, the
Trustee has asked the participating employers to pay additional contributions to the scheme as follows:
Deficit contributions
From 1 April 2025 to 31 March 2028
- £2, 100,000 per annum
(payable monthly)
Unless a concession has been agreed with the Trustee the term to 31 March 2028 applies.
The recovery plan contributions are allocated to each participating employer in line with their estimated
share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the
company recognises a liability for this obligation. I he amount recognised is the net present value of the
Is calated using the discount valetale in these discloses. The unwinding the discount ate
is recognised as a finance cost.
PRESENT VALUES OF PROVISION
Present value of provision
2025
2,993
2024
1,386
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Provision at start of period
Jnwinding of the discount factor (interest expense
Deficit contribution pai
Remeasurements - impact of any change in assumptions
2025
1,386
11413)
2024
2,967
114
(1,696)
(1)
Page 23
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
21.
EMPLOYEE BENEFIT OBLIGATIONS - continued
Remeasurements - amendments to the contribution schedule
Provision at end of period
2,964
2,99
1,386
INCOME AND EXPENDITURE IMPACT
2025
2024
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
37
19
2,964
114
(1)
-
ASSUMPTIONS
2025
%
Rate of discount
4.84
2024
%
5.31
The discount rates shown above are the equivalent single discount rates which, when used to discount
the future recovery plan contributions due, would give the same results as using a full AA corporate
bond yield curve to discount the same recovery plan contributions.
TPT Retirement Solutions - Career Average Revalued Earnings ("CARE") Pension Scheme
The company participates in the scheme, a multi-employer scheme which provides benefits to some 37
non-associated employers. The scheme is a defined benefit scheme in the UK. It is not possible for the
company to obtain sufficient information to enable it to account for the scheme as a defined benefit
scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into
force on 30 December 2005. This, together with documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for
funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement. Therefore the company is potentially
liable for other participating employers' obligations if those employers are unable to meet their share of
the scheme deficit following withdrawal from the scheme. Participating employers are legally required
to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2022. This valuation showed
assets of £49.6m, liabilities of £57.1m and a deficit of £7.5m. To eliminate this funding shortfall, the
Trustee asked the participating employers to pay additional contributions to the scheme as follows:
Deficit contributions
From 1 April 2024 to 31 March 2027
- £1,672,000 per annum
(payable monthly and increasing by 3% each 1st April)
The recovery plan contributions are allocated to each participating employer in line with their estimated
share of the scheme liabilities.
Page 24
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
21.
EMPLOYEE BENEFIT OBLIGATIONS - continued
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the
company recognises a liability for this obligation. The amount recognised is the net present value of the
deficit reduction contributions payable under the agreement that relates to the deficit. The present value
is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate
is recognised as a finance cost.
PRESENT VALUES OF PROVISION
Present value of provision
2025
99,743
2024
143,821
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period
INCOME AND EXPENDITURE IMPACT
2025
143,821
5,790
(49,931)
63
99,743
2024
210,809
9,650
(49,672)
453
(27,419)
143,821
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
ASSUMPTIONS
2025
5,790
63
2024
9,650
453
(27,419)
2025
2024
%
Rate of discount
4.88
4.95
The discount rates shown above are the equivalent single discount rates which, when used to discount
the future recovery plan contributions due, would give the same results as using a full AA corporate
bond yield curve to discount the same recovery plan contributions.
Page 25
continued...

Humbercare Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2025
22.
RELATED PARTY DISCLOSURES
There were no related party transactions in the year.
Page 26