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REGISTERED COMPANY NUMBER: 02626968 (England and Wales)
REGISTERED CHARITY NUMBER: 1003540














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Cornerhouse (Yorkshire)
(A Company Limited by Guarantee)

Cornerhouse (Yorkshire)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Report of the Trustees 1 to 9

Independent Examiner's Report 10

Statement of Financial Activities 11

Balance Sheet 12 to 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16 to 24

Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024


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 2024. 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).


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024

OBJECTIVES AND ACTIVITIES
Objectives and aims
The services delivered by Cornerhouse have been developed to meet the needs of the young people of Hull. The staff regular seek feedback from young people and professionals through joint action planning; evaluation forms, and feedback from other services. Interventions can then be developed to meet the needs identified by young people. Information from external consultations; e.g. Healthy Lifestyles, JSNA, and through attendance of a number of strategic meetings; I.e., Health & Wellbeing Board & Better Together and other information is utilised to ensure the organisation is delivering what is needed.

The company's objects and principal activities are:
- To work with organisations in the health and social care sector, local government, voluntary /community sector and individuals in line with national and local sexual health strategies, public health and other relevant strategies to raise awareness of health risks and increase access to sexual health services to prevent sexually transmitted infections and unplanned conception.
- To focus on sexual health and wellbeing, particularly targeting young men and women and other vulnerable or marginalised groups to ensure they understand the risks of unprotected sex and to promote the benefits of using condoms to avoid the risk of sexually transmitted infections and/or unplanned pregnancies.
- To provide information, support and services to enable people to make informed choices, and take appropriate action, to improve their sexual health and wellbeing, and reduce the stigma associated with sexually transmitted infections and HIV.

How our activities deliver public benefit

Our main activities and who we try to support are described below. All our activities continued to focus upon providing information, support and services to service users on issues of wellbeing and sexual health and are undertaken to further our charitable purposes for the public benefit whilst considering the guidance contained in the Charity Commission's general guidance on public benefit.

Who used and benefitted from our services?

The main beneficiaries of the services outlined below are young people aged 10-19 years old. The interventions range from one-to-one support to group work in schools. One to ones may also take place in the community using a trauma informed approach to enable young people to begin to form trusted relationships and to discuss issues affecting them. Over the year the services have completed over 5000 contacts with young people and have supported them into other services when required.

Activities

The services provided by Cornerhouse are below:

- Reach Out is a street-based service aimed at providing interventions, activities and support to young people who may not access mainstream provision. It delivers shifts twice a day, 5 days per week in areas where young people meet. It provides confidential information, advice and support to young people who may be vulnerable; especially young people that are reported missing. The project responds to intelligence provided through a common tasking framework. This enables us to target geographical areas within the city.

- Flipside - This project uses a trauma informed approach that delivers a range of interventions to children and young people who may be at risk of entering the criminal justice system. The project works with young people between the ages of 11-19. his project delivers a range of interventions and support to young people aged between 11-19 who are at risk of entering the criminal justice system. The service provides one to one support to young people who have been identified as demonstrating coercive and controlling behaviours and inappropriate sexual behaviours. The project also delivers one to one support around emotional control work as well as relationship work who are identified as SEND. The project also targets young people at risk of both sexual and criminal exploitation.

- Cornerhouse continues to deliver a Young People's Peer mentoring project that trains up young people to provide emotional health support to their peers within some schools in Hull.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024

- Step-Out group - This group is aimed at young people identifying as LGBT+, it provides a safe space where they can meet others on a weekly basis. The worker also provides one-to-one support to young people in schools and the community.

- Relationship and Sex Education: The organisation delivers RSE and healthy relationship education to groups of young people in schools and youth venues.

- Professionals Training: the organisation provides training to other professionals including exploitation awareness, Trauma informed courses, how to deliver RSE sessions, and the Rainbow Flag award.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main areas of charitable activity are the provision of outreach work; peer mentoring, Flipside, supporting young people who identify as LGBTQ+, delivery of RSE and healthy relationship work, and support for young people at risk of exploitation.

Annual Highlights

Flipside - As stated in the previous year's report, we were successful in receiving funding from NHSE to deliver a project to prevent young people from entering the criminal justice system. All staff are trained in delivering interventions using a trauma informed approach. This enables them to build a trusted relationship with young people and to develop action plans that are reviewed throughout the intervention.
A number of young people the project works have trauma as a result of being exploited. This has meant a number of interventions where the staff have discussed with them about healthy relationships, how to stay safe and have supported young people in accessing sexual health services.
As part of the organisations annual return to the NHSE we have to include an equality impact assessment. This breaks down the number of people we engage with by gender, age, postcode, sexuality and ethnicity. The results showed that there was an increase in the number of young women referred into the project which tallied with the Youth Justice data. Some of the reasons for this was the number of them that had been referred for potential grooming and exploitation.
In terms of postcodes, we are still finding that the majority of young people live in areas of high deprivation which backs up the research carried out on the impact of poverty etc. on young people's lives. The interventions take place in a range of different areas e.g. schools, colleges, at home and in the community.
The project attends Diversion and prevention meetings, chaired by Youth Justice Service, on a weekly basis and as a result takes referrals directly from this process. We are able to monitor how many young people become first time entrants after we have worked with them. Out of 60 young people taken as referrals only 6 had entered the system. Some of the successes of working with the young people have included improved attendance at school; less cases of going missing; change of friendship groups and improved emotional health

ReachOut - This project continues to deliver vital services to young people who choose to meet friends in parks and on street corners. The main aims of the project are to engage with young people and to provide a trusted adult who they can access for support. The project has worked with a number of young people who are potentially on the edge of being exploited and have provided interventions to enable them to change their own pathways. During the winter months they teamed up with a local food provider and were able to supply snacks to young people who were hungry and whose families were struggling with the cost of living. Over the past year, the project has worked with over 3500 contacts. This has included ensuring that young people are safe when they are reported missing, activities such as rounders and football, tie dye sessions and engaging with them about their lives and healthy relationships as well as providing a sexual health service.

Young People's Peer Mentoring Project - This piece of work is still continuing in one school. The worker annually trains young people to become Peer Mentors and are able to support others within the school who need emotional health support. Over the last year the worker trained 15 young people who then supported 50 of their peers.

Step Out - a weekly group that supports young LGBT+ aged 11-16. This group continues to meet weekly and is a closed group. The young people take part in activities as well as an opportunity to meet and make new friendships. It provides a range of interventions including one to one support as well as opportunities to take part in activities including art, writing and Hull PRIDE. During the school holidays the group takes part in a range of activities which help to encourage friendships as well as having a safe space to be themselves. These additional activities included ice skating, a day at the beach; where for some of the group it was the first time, they felt able to swim with their peers. There was also a Halloween prom which enabled young people who identify as LGBT+, to attend an evening where they could be themselves and dress how they wanted to. The project also offers one to one support to young people who identify as LGBTQ+ within schools.

Training - staff deliver a range of training within schools and colleges. This ranges from healthy relationship sessions, including consent, sexual health, exploitation and other issues to young people in a variety of settings. The organisation is also part of the Framework of Trainers to cascade Trauma informed training across the ICB area. In addition to this we provide CPD training to teachers and other staff within schools which cover topics around sexual health, healthy relationships, CSE/CCE and the Rainbow Flag award. The team have delivered workshops at two conferences which were both attended by over 200 people.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024

FINANCIAL REVIEW
Financial position
The executive management committee complies with the Charity's Commission Charity finances: Trustees Essentials (cc25) guidance.Financial position

Cornerhouse accounts show a healthy balance of reserves however due to cuts in funding in previous years we are now needing to draw on these to cover some core costs and to pilot new projects.

At the beginning of the financial year, it was anticipated that we would need to need to use £72,000 from the reserves designated for future project delivery, after deducting additional income from training delivered this was reduced to £36,700.

Principal funding sources
The majority of funding for the charity's activities have been provided by way of grant and contract income from Hull City Council & NHS Humber and Yorkshire. We deliver the Outreach and Flipside projects in partnership with the Warren.

Income from training
Over the year we delivered training sessions that raised over £39,000 in 23/24 financial year. This included Rainbow Flag accreditation training.


Humber Coast & Vale - Flipside
The flipside project incorporating the Care & BYM project is funded for 3 years starting Apr 22.

Investment policy and objectives
The charity's investment policy seeks to promote the best financial return within an acceptable level of risk whilst recognising that capital preservation is of the utmost importance. The policy therefore requires the Charity to hold its assets in risk averse, ethical products deposited in reputable institutions whilst spreading the risk and allowing the charity to ensure as much as possible is protected under the Financial Services Compensation Scheme guarantee.

We have benefitted from the increase in interest rates on fixed term products over the past couple of years. In the financial year 23/24 the interest earned was £12,900 (2023: £4,150) .


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024


FINANCIAL REVIEW
Reserves policy
The Executive Management Committee has examined the charity's requirement for reserves considering the main risks to the organisation and has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be a minimum of four months reserves.

The reserves are needed to
- Support the continuation of services provided to service users in times of financial uncertainty
- Continue to fund core staff and meet the working capital requirements of the charity and the Executive Management Committee are confident that at this level they would be able to continue the contracted activities of the charity in the event of a loss of income whilst securing new funding

Unrestricted Funds

At the end of the year, the charity's general unrestricted reserves stood at £523,172.

Unrestricted Reserves at 31/3/24: £523,172

Less Fixed assets: £1,440

Designated Future Delivery £128,395 (Pilot projects and overheads)

Leaving £393,337 as undesignated unrestricted funds and for contract project delivery.


Restricted Funds

The restricted funds contain an element of general reserves built up over many years by grant and service level underspends. We have been permitted to keep these monies to help with future similar project funding and overhead costs. Of this there is an element being used to pay back a pension deficit built up by the workers that had been delivering the projects.

Restricted Reserves at 31/3/24: £300,062
Of which Designated Hardy Fund £13,488

FUTURE PLANS
The Executive Committee have been meeting on a regular basis to plan for the future.

- Review of the services Cornerhouse delivers and how the organisation can develop to meet the needs of the communities.

- Continue to seek new funding stream.

- Develop partnership arrangements with other organisations in order to apply for future tenders and grants.

- Consolidate the strategic role that Cornerhouse plays in the field of young people and health related issues.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 5th July 1991 and registered as a charity on 25th July 1991. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Executive Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Executive Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Due to the nature of sexual health much of the charity's work inevitably focuses upon young people. The Executive Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The charity also uses a variety of methods; for example; selective advertising through newsletters distributed to the voluntary and community sectors, and the use of networks; both in the private and public sectors to encourage individuals to stand for election to the Executive Management Committee.

Organisational structure
Cornerhouse (Yorkshire) has an Executive Management Committee are responsible for the strategic direction and policy of the charity. At present the Committee has four members from a variety of backgrounds relevant to the work of the charity. We are actively recruiting new members.

A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Chief Executive along with the Administration Manager. The senior management team is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. They have responsibility for the day-to-day operational management of the charity, individual supervision of the staff team and also ensuring that the team continues to develop their skills and working practices in line with good practice.

Induction and training of new trustees
Most current trustees are already familiar with the practical work and charitable objectives of the charity having been volunteers or employees of Cornerhouse (Yorkshire).

Additionally, new trustees are invited and encouraged to attend the sexual health foundation course that volunteers must complete and pass to familiarize themselves with the charity and the context within which it operates. New trustees are given a copy of the following documents which covers:

- The obligations of Executive Management Committee members
- Job description of the role of an Executive Management Committee member and roles of elected Officers - Chair, Vice Chair and Treasurer
-The main documents which set out the operational framework for the charity including the Memorandum and Articles
- Resourcing and the current financial position as set out in the latest published accounts
- Future plans and objectives as set out in the Business Plan

A checklist and pack have also been prepared drawing information from the various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions.

The Company Secretary will ensure the Executive Management Committee members are made aware of any changes in their obligations as trustees and/or in Charity/Company law.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
In so far as it is complimentary to the charity's objects, the charity is guided by both local and national policy. The charity is part of the local partnerships charged with responsibility for delivering a range of both local and national strategies and commissioning services at the local level and includes representatives from amongst others, the local authority, health and voluntary sector agencies. The representation of local organisations within this group has proved invaluable to the charity in establishing improved links within the community and identifying relevant policy developments and prospective funding.

The Executive Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan, which will allow for the diversification of funding and activities.



Internal control risks are minimised by the implementation of procedures for authorisation of all financial transactions. Policies and procedures are in place to ensure compliance with health and safety of staff, volunteers, and service users; adult & child safeguarding procedures; equal opportunities and other relevant policies to ensure a consistent quality of delivery for all operational aspects of the charity. The organisation is registered with Data Protection and Security Toolkit that superseded NHS IG Toolkit. We are also compliant with the new GDPR legislation which came into force in May 2018. These policies are under regular review to ensure that they continue to meet the needs of the charity and any legal obligations.

The executive management committee meet the principles and outcomes of the Charity Governance Code by applying the recommended practice by reviewing the seven principles on a regular basis.

Principal Risks

The board have examined risks of the charity and identified the following as the principal risks:

1. Reduced funding due to not securing new contracts

The board have discussed the use of Unrestricted Reserves and money has been designated to allow for the creation of pilot projects that will then allow us to show proof of need and hopefully strengthen our evidence for future funding bids.

2. Protecting reserves from bank failures

We continue to ensure our reserves are spread over a range of financial institutions thus allowing us to access good interest rates and receive as much protection from the FSCS as possible.

3. Trustee Numbers

At present we have the minimum number of Trustees required, this poses a risk should we lose one. Therefore, we are actively recruiting new trustees to join the board.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02626968 (England and Wales)

Registered Charity number
1003540


Cornerhouse (Yorkshire) (Registered number: 02626968)

Report of the Trustees
for the year ended 31st March 2024

Registered office
29 Percy Street
Hull
East Yorkshire
HU2 8HL

Trustees
D C Arrowsmith Cooper Treasurer
Mrs G C Poole Deputy chair
Mrs T A Cope
P Spooner

Independent Examiner
Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

Approved by order of the board of trustees on 2nd October 2024 and signed on its behalf by:





D C Arrowsmith Cooper - Trustee

Independent Examiner's Report to the Trustees of
Cornerhouse (Yorkshire)

Independent examiner's report to the trustees of Cornerhouse (Yorkshire) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

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 member of the Institute of Chartered Accountants in England and Wales, 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.








Paul Drant FCA FCCA

Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

3rd October 2024

Cornerhouse (Yorkshire)

Statement of Financial Activities
for the year ended 31st March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 - - - 27,298

Charitable activities 4
Health and well being 312,193 14,326 326,519 363,322

Investment income 3 12,902 - 12,902 4,532
Other income 5,000 - 5,000 5,000
Total 330,095 14,326 344,421 400,152

EXPENDITURE ON
Charitable activities 5
Health and well being 342,009 50,586 392,595 366,680

NET INCOME/(EXPENDITURE) (11,914 ) (36,260 ) (48,174 ) 33,472


RECONCILIATION OF FUNDS
Total funds brought forward 535,086 336,322 871,408 837,936

TOTAL FUNDS CARRIED FORWARD 523,172 300,062 823,234 871,408

Cornerhouse (Yorkshire) (Registered number: 02626968)

Balance Sheet
31st March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 1,440 - 1,440 1,535

CURRENT ASSETS
Debtors 12 3,249 - 3,249 11,210
Cash at bank 608,948 300,104 909,052 940,158
612,197 300,104 912,301 951,368

CREDITORS
Amounts falling due within one year 13 (90,465 ) (42 ) (90,507 ) (81,495 )

NET CURRENT ASSETS 521,732 300,062 821,794 869,873

TOTAL ASSETS LESS CURRENT
LIABILITIES

523,172

300,062

823,234

871,408

NET ASSETS 523,172 300,062 823,234 871,408
FUNDS 14
Unrestricted funds:
General fund 394,777 369,985
Future Delivery 128,395 165,101
523,172 535,086
Restricted funds 300,062 336,322
TOTAL FUNDS 823,234 871,408

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.


Cornerhouse (Yorkshire) (Registered number: 02626968)

Balance Sheet - continued
31st March 2024

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 2nd October 2024 and were signed on its behalf by:





D C Arrowsmith Cooper - Trustee

Cornerhouse (Yorkshire)

Cash Flow Statement
for the year ended 31st March 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (43,592 ) 122,905
Net cash (used in)/provided by operating activities (43,592 ) 122,905

Cash flows from investing activities
Purchase of tangible fixed assets (416 ) (856 )
Interest received 12,902 4,532
Net cash provided by investing activities 12,486 3,676

Change in cash and cash equivalents in
the reporting period

(31,106

)

126,581
Cash and cash equivalents at the
beginning of the reporting period

940,158

813,577
Cash and cash equivalents at the end of
the reporting period

909,052

940,158

Cornerhouse (Yorkshire)

Notes to the Cash Flow Statement
for the year ended 31st March 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024 2023
£    £   
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)

(48,174

)

33,472
Adjustments for:
Depreciation charges 511 590
Interest received (12,902 ) (4,532 )
Decrease in debtors 7,961 41,809
Increase in creditors 9,012 51,566
Net cash (used in)/provided by operations (43,592 ) 122,905


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/23 Cash flow At 31/3/24
£    £    £   
Net cash
Cash at bank and in hand 940,158 (31,106 ) 909,052
940,158 (31,106 ) 909,052
Total 940,158 (31,106 ) 909,052

Cornerhouse (Yorkshire)

Notes to the Financial Statements
for the year ended 31st March 2024

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.

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.

Allocation and apportionment of costs
Apportioned using Full Cost Recovery based on staff hours. Calculated when the funding bid is written so the apportionment amount is fixed for the length of the contract based on estimated overhead costs.

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 - 20% 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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

However the company has contributed in the past to a defined benefit multi-employer scheme which could result in a debt on withdrawal should the charity close, This is now closed to contributions. The scheme is in deficit and the charity contributes a monthly deficit payment to help bring down the debt. The amount paid in the year towards the deficit was £2,381.28 (2023: £2,381.28). As at 31st March 2024, a provision for deficit contributions of £1,946 existed.


Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations - 27,298

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 12,902 4,532

4. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Grants Health and well being 11,694 29,612
Rainbow Lottery Health and well being 1,081 975
KUHCC Health and well being 132,232 138,520
Trading Health and well being 9,130 31,213
Coast & Vale Health and well being 142,782 163,002
NHS Health and well being 29,600 -
326,519 363,322

Grants received, included in the above, are as follows:
2024 2023
£    £   
Kingston Upon Hull City Council 9,178 29,613
Hull and East Riding Trust 2,516 -
11,694 29,613

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Health and well being 263,513 129,082 392,595


Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Health and well being 125,559 3,523 129,082

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 511 590

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.


9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 248,765 249,786
Social security costs 18,422 7,261
Other pension costs 13,164 17,269
280,351 274,316

The average monthly number of employees during the year was as follows:

2024 2023
Directors/Trustees 4 4
Management & Administration 3 3
Charitable activities 9 10
16 17

No employees received emoluments in excess of £60,000.


Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 17,298 10,000 27,298

Charitable activities
Health and well being 333,709 29,613 363,322

Investment income 4,532 - 4,532
Other income 5,000 - 5,000
Total 360,539 39,613 400,152

EXPENDITURE ON
Charitable activities
Health and well being 290,465 76,215 366,680

NET INCOME/(EXPENDITURE) 70,074 (36,602 ) 33,472


RECONCILIATION OF FUNDS
Total funds brought forward 465,012 372,924 837,936

TOTAL FUNDS CARRIED FORWARD 535,086 336,322 871,408

11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023 110,842
Additions 416
At 31st March 2024 111,258
DEPRECIATION
At 1st April 2023 109,307
Charge for year 511
At 31st March 2024 109,818
NET BOOK VALUE
At 31st March 2024 1,440
At 31st March 2023 1,535


Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,255 10,115
Prepayments and accrued income 994 1,095
3,249 11,210

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 4,048 8,162
Other creditors 1,946 4,167
Accruals and deferred income 84,513 69,166
90,507 81,495

14. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 369,985 24,792 394,777
Future Delivery 165,101 (36,706 ) 128,395
535,086 (11,914 ) 523,172
Restricted funds
Hardy Fund 14,188 (700 ) 13,488
Headstart Fund 50,094 (31,342 ) 18,752
General Fund 260,643 (344 ) 260,299
Pride Prom 1,374 97 1,471
Headstart - Step Out 1,384 (500 ) 884
Healthy Holidays 1,689 1,391 3,080
LGBT+ Hull CC 6,950 (6,950 ) -
Forces - 2,088 2,088
336,322 (36,260 ) 300,062
TOTAL FUNDS 871,408 (48,174 ) 823,234

Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 330,095 (305,303 ) 24,792
Future Delivery - (36,706 ) (36,706 )
330,095 (342,009 ) (11,914 )
Restricted funds
Hardy Fund - (700 ) (700 )
Headstart Fund - (31,342 ) (31,342 )
General Fund - (344 ) (344 )
Pride Prom 2,516 (2,419 ) 97
Headstart - Step Out - (500 ) (500 )
Healthy Holidays 2,632 (1,241 ) 1,391
LGBT+ Hull CC - (6,950 ) (6,950 )
Forces 9,178 (7,090 ) 2,088
14,326 (50,586 ) (36,260 )
TOTAL FUNDS 344,421 (392,595 ) (48,174 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£    £    £    £   
Unrestricted funds
General fund 249,462 120,523 - 369,985
Future Delivery 215,550 (50,449 ) - 165,101
465,012 70,074 - 535,086
Restricted funds
Hardy Fund 5,238 8,950 - 14,188
High Sherriff Fund 167 (638 ) 471 -
Headstart Fund 89,047 (38,953 ) - 50,094
General Fund 261,114 - (471 ) 260,643
Pride Prom 1,374 - - 1,374
Headstart - Step Out 964 420 - 1,384
Healthy Holidays 606 1,083 - 1,689
LGBT+ Hull CC 14,414 (7,464 ) - 6,950
372,924 (36,602 ) - 336,322
TOTAL FUNDS 837,936 33,472 - 871,408

Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 360,539 (240,016 ) 120,523
Future Delivery - (50,449 ) (50,449 )
360,539 (290,465 ) 70,074
Restricted funds
Hardy Fund 9,500 (550 ) 8,950
High Sherriff Fund - (638 ) (638 )
Headstart Fund 16,079 (55,032 ) (38,953 )
Headstart - Step Out 500 (80 ) 420
Healthy Holidays 3,534 (2,451 ) 1,083
LGBT+ Hull CC 10,000 (17,464 ) (7,464 )
39,613 (76,215 ) (36,602 )
TOTAL FUNDS 400,152 (366,680 ) 33,472

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/24
£    £    £    £   
Unrestricted funds
General fund 249,462 145,315 - 394,777
Future Delivery 215,550 (87,155 ) - 128,395
465,012 58,160 - 523,172
Restricted funds
Hardy Fund 5,238 8,250 - 13,488
High Sherriff Fund 167 (638 ) 471 -
Headstart Fund 89,047 (70,295 ) - 18,752
General Fund 261,114 (344 ) (471 ) 260,299
Pride Prom 1,374 97 - 1,471
Headstart - Step Out 964 (80 ) - 884
Healthy Holidays 606 2,474 - 3,080
LGBT+ Hull CC 14,414 (14,414 ) - -
Forces - 2,088 - 2,088
372,924 (72,862 ) - 300,062
TOTAL FUNDS 837,936 (14,702 ) - 823,234

Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

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 690,634 (545,319 ) 145,315
Future Delivery - (87,155 ) (87,155 )
690,634 (632,474 ) 58,160
Restricted funds
Hardy Fund 9,500 (1,250 ) 8,250
High Sherriff Fund - (638 ) (638 )
Headstart Fund 16,079 (86,374 ) (70,295 )
General Fund - (344 ) (344 )
Pride Prom 2,516 (2,419 ) 97
Headstart - Step Out 500 (580 ) (80 )
Healthy Holidays 6,166 (3,692 ) 2,474
LGBT+ Hull CC 10,000 (24,414 ) (14,414 )
Forces 9,178 (7,090 ) 2,088
53,939 (126,801 ) (72,862 )
TOTAL FUNDS 744,573 (759,275 ) (14,702 )

Children in Need
Funding fro the CARE project working with young people at risk of sexual exploitation
High Sheriff Fund
Funding to help with overhead costs of running a flat used by CARE project
Tender Funding
Funding to help with franchise costs to run project in Hull area
Headstart
Funding provided by Big Lottery via Hull CC to run a peer mentoring project
Step Out
Money provided by Headstart group to run a support group around LGBT plus issues
Healthy Holidays
Funding from Hill CC to provide healthy activities in the school holidays
Pride Prom
Money from National lottery community Fund & Headstart to hold a Prom for
young people identifying LGBT+
Conference
Funding provided to host an LGBT+ conference at MKM Arena (Hull CC & 2 Ridings)
Lloyds Foundation
Funding to help with organisational re development
Break The Cycle Funding
Funding from Hull CC to work with Young people living in families with Domestic abuse
LGBT+ Worker
Funded by Hull CC & 2 Ridings for an LGBTQ+ advice network for schools and youth groups
Hardy Fund
This is a hardship fund for people living with HIV/AIDS. Cornerhouse manages
and administers the scheme and responds to claims for financial support.

Cornerhouse (Yorkshire)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.