REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31st March 2024 |
for |
Cornerhouse (Yorkshire) |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Cornerhouse (Yorkshire) (Registered number: 02626968) |
Report of the Trustees |
for the year ended 31st March 2024 |
Registered office |
Trustees |
Independent Examiner |
Sadofskys |
Chartered Accountants |
Princes House |
Wright Street |
Hull |
East Yorkshire |
HU2 8HX |
Approved by order of the board of trustees on |
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 |
Charitable activities | 4 |
Health and well being | 312,193 | 14,326 | 326,519 | 363,322 |
Investment income | 3 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
Health and well being | 342,009 | 50,586 | 392,595 | 366,680 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
CURRENT ASSETS |
Debtors | 12 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds: |
General fund | 394,777 | 369,985 |
Future Delivery | 128,395 | 165,101 |
535,086 |
Restricted funds | 336,322 |
TOTAL FUNDS | 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 |
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 | - |
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 |
3. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Deposit account interest |
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 |
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 |
Social security costs |
Other pension costs |
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 |
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 |
Charitable activities |
Health and well being | 333,709 | 29,613 | 363,322 |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Health and well being | 290,465 | 76,215 | 366,680 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 465,012 | 372,924 |
TOTAL FUNDS CARRIED FORWARD | 535,086 | 336,322 | 871,408 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st April 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
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 |
Prepayments and accrued income |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
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 |
(11,914 | ) |
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 |
(36,260 | ) |
TOTAL FUNDS | (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 | ) |
( |
) | (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 |
( |
) | (36,260 | ) |
TOTAL FUNDS | ( |
) | (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 |