IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.8.23 31.7.24 31.7.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077135262023-07-31077135262024-07-31077135262023-08-012024-07-31077135262022-07-31077135262022-08-012023-07-31077135262023-07-3107713526ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-3107713526ns15:PoundSterling2023-08-012024-07-3107713526ns11:FRS1022023-08-012024-07-3107713526ns11:IndependentExaminationCharity2023-08-012024-07-3107713526ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107713526ns11:FullAccounts2023-08-012024-07-3107713526ns11:CharitiesSORP2023-08-012024-07-3107713526ns16:EnglandWales2023-08-012024-07-3107713526ns11:RegisteredOffice2023-08-012024-07-3107713526ns0:Trustee22023-08-012024-07-3107713526ns0:Trustee32023-08-012024-07-3107713526ns0:Trustee42023-08-012024-07-3107713526ns0:Trustee12023-08-012024-07-3107713526ns0:Trustee52023-08-012024-07-3107713526ns0:Trustee62023-08-012024-07-3107713526ns0:Trustee72023-08-012024-07-3107713526ns0:Trustee82023-08-012024-07-3107713526ns0:TotalUnrestrictedFunds2023-08-012024-07-3107713526ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3107713526ns0:Activity92023-08-012024-07-3107713526ns0:TotalUnrestrictedFundsns0:Activity92023-08-012024-07-3107713526ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3107713526ns0:Activity92022-08-012023-07-3107713526ns0:Activity102023-08-012024-07-3107713526ns0:TotalUnrestrictedFundsns0:Activity102023-08-012024-07-3107713526ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-08-012024-07-3107713526ns0:Activity102022-08-012023-07-3107713526ns0:TotalUnrestrictedFunds2023-07-3107713526ns0:TotalRestrictedIncomeFunds2023-07-3107713526ns0:TotalUnrestrictedFunds2024-07-3107713526ns0:TotalRestrictedIncomeFunds2024-07-3107713526ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-07-3107713526ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-07-3107713526ns10:WithinOneYear2024-07-3107713526ns10:WithinOneYear2023-07-3107713526ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-012024-07-3107713526ns10:FurnitureFittingsToolsEquipment2023-08-012024-07-310771352622023-08-012024-07-310771352612023-08-012024-07-310771352612022-08-012023-07-310771352662023-08-012024-07-310771352662022-08-012023-07-3107713526ns10:OwnedAssets2023-08-012024-07-3107713526ns10:OwnedAssets2022-08-012023-07-3107713526ns0:TotalUnrestrictedFunds2022-08-012023-07-3107713526ns0:TotalRestrictedIncomeFunds2022-08-012023-07-3107713526ns0:TotalUnrestrictedFundsns0:Activity92022-08-012023-07-3107713526ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-08-012023-07-3107713526ns0:TotalUnrestrictedFundsns0:Activity102022-08-012023-07-3107713526ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-08-012023-07-3107713526ns10:PreviouslyStatedAmountns0:TotalUnrestrictedFunds2022-07-3107713526ns10:PreviouslyStatedAmountns0:TotalRestrictedIncomeFunds2022-07-3107713526ns10:PreviouslyStatedAmount2022-07-3107713526ns10:PriorPeriodIncreaseDecreasens0:TotalUnrestrictedFunds2022-07-3107713526ns10:PriorPeriodIncreaseDecreasens0:TotalRestrictedIncomeFunds2022-07-3107713526ns10:PriorPeriodIncreaseDecrease2022-07-3107713526ns0:TotalUnrestrictedFunds2022-07-3107713526ns0:TotalRestrictedIncomeFunds2022-07-3107713526ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-3107713526ns10:FurnitureFittings2023-07-3107713526ns10:FurnitureFittings2023-08-012024-07-3107713526ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-07-3107713526ns10:FurnitureFittings2024-07-3107713526ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-3107713526ns10:FurnitureFittings2023-07-31
REGISTERED COMPANY NUMBER: 07713526 (England and Wales)
REGISTERED CHARITY NUMBER: 1147146











REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE HUT YORK LIMITED

THE HUT YORK LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 18

THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 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 31 July 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's aims are:

- To improve the quality of life for our members through purposeful activity and learning opportunities.
- Providing a meaningful, purposeful, and educational safe space to our members.
- Helping our members to feel valued and listened to, enabling members to develop responsibility and respect through social contact and being part of our growing community.

Background
The Hut York Limited is a registered charity and limited company established in 2011 by 3 psychiatric nurses working in residential care. It was created in response to an increasing need for day facilities in York and to provide purposeful activities and support primarily for people with enduring mental health issues and/or learning disabilities.

The Hut buildings are single storey wheelchair accessible. The main building and the building adjacent are referred to as The Hubble. The charity is located on Wigginton Road near to York Hospital with good bus routes, and a place for members to be dropped off and picked up by transport.

Our service is open to any individual whose needs we can meet, although most of our members are adults with enduring mental health issues and/or learning disabilities, we open our services to the wider public providing that we are able to meet their needs.

The Hut offers a safe space where members can access a wide range of activities, learning opportunities and counselling therapy. Together with the members we design the activities timetable providing arts, crafts in the studio, a woodworking area and gardening in our outdoor space which promotes physical and mental wellbeing, closing the week with a firm favourite of bingo. We continue to develop Hut Made our social enterprise, where the members make items to keep or sell.

In the Wellness Club, we hold daily sessions to promote wellbeing in breathwork, meditation and body magic as well as weekly Hearing Voices sessions for voice hearers where shared experiences and acceptance help reduce feelings of social isolation and help members feel valued and understood.

We offer opportunities to go into the community to do recycling, attend the local archaeological digs in York and monthly workshops are delivered by York Theatre Royal at The Hut.

The activities on offer are to promote self-esteem and we use a coaching model to encourage our members to reach their full potential, building friendships, improving confidence, goal setting and reducing isolation. As a members led charity the opinions and feedback of our members are at the forefront of the decisions we make. We hold an informal and relaxed members development meeting that captures what is important to them and the benefits of having The Hut, a service that meets the needs of so many.

The service also offers bespoke training in all aspects of health and social care to a local group of care homes.


THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


OBJECTIVES AND ACTIVITIES
Significant activities
Appraisal of finances
We generate income from session fees, health and social care training, room hire, selling Hut made produce, donations and specific funding.

This last year the income has been spent on organisational running costs and the start of our exciting Phase 3 project - upgrading the Hut's main building. Organisational running costs includes building charges, an average of 5 staff salaries, the cost of materials for the sessions offered to our members, costs to deliver health and social care training, and marketing/publicity costs.

Achievements and performance
July 2019
The buildings are owned by City of York Council and in 2019 we successfully agreed an asset transfer on a 99-year lease for both buildings at a peppercorn rate. With the asset transfer in place, we proposed a five-year plan, in three phases to modernise and upgrade the buildings to meet the standards of our service, providing the members a better and more suitable use of space.

2021 - Phase 1
Completion of the Hubble building, transforming it from a public toilet block to much needed space for an office, a kitchenette and the main room for wellbeing sessions and counselling therapy.
Cost - £110,000

2023 - Phase 2
Completion of the roof replacement in January 2023.
Cost - £32,000

Ongoing - Phase 3
Plans and designs are in place to upgrade and carry out internal renovations of the main building. The Lottery have confirmed their support of £80,000 towards the project and The Kirkby Foundation have committed £20,000.
We continue to raise further funds through grants and donations to meet the budget of £211,200.

Reserves Policy
The Hut aims to hold sufficient reserves to meet ongoing running costs and provide reasonable financial security for the charity.

Philosophy
We believe we all need purpose. It's a proven fact that when people with mental health illness have focus and purpose in their lives their symptoms are more manageable, and quality of life is better. Our members' opinions are at the forefront of our decisions.

Vision
Our vision is of a sustainable and wide programme of activities and educational courses for people with enduring mental health issues and/or learning disabilities, based on our members' aspirations and goals for the future.

Statutory declaration
The trustees have complied with their duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The policy for the recruitment of trustees is that of recommendation. Prospective trustees are required to provide a Curriculum Vitae in advance, which will be reviewed by the existing board members in consideration of eligibility and the needs of the organisation. An interview with the existing board members is then arranged, and on completion a vote is taken in the absence of the candidate, before a final decision is announced.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07713526 (England and Wales)

Registered Charity number
1147146

Registered office
5 Rawcliffe Landing
York
North Yorkshire
YO30 1XL

Principal address
The Hut York
Wiggington Road
Clarence Gardens
York
YO31 8HG

Trustees
Mrs L Dexter
Mrs P Graver
R C Dixon (resigned 10/10/2024)
R Buglass
Ms M Chung
Mrs C Porter
B Joscelyne
Mrs B Riley

Independent Examiner
Linda Hare FCCA CTA
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW

Approved by order of the board of trustees on 23 April 2025 and signed on its behalf by:



R Buglass - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HUT YORK LIMITED


Independent examiner's report to the trustees of The Hut York Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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
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.








Linda Hare FCCA CTA

UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
YO19 5UW

23 April 2025

THE HUT YORK LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 21,754 120,234 141,988 111,770

Charitable activities 5
Day facilities and activities 26,148 - 26,148 31,172
Training and room hire 35,600 - 35,600 32,645

Investment income 4 1 - 1 2
Total 83,503 120,234 203,737 175,589

EXPENDITURE ON
Raising funds 6 1,090 630 1,720 1,196

Charitable activities
Day facilities and activities 111,008 12,462 123,470 141,475
Total 112,098 13,092 125,190 142,671

NET INCOME/(EXPENDITURE) (28,595 ) 107,142 78,547 32,918
Transfers between funds 17 1,382 (1,382 ) - -
Net movement in funds (27,213 ) 105,760 78,547 32,918

RECONCILIATION OF FUNDS
Total funds brought forward 159,752 18,235 177,987 145,069

TOTAL FUNDS CARRIED FORWARD 132,539 123,995 256,534 177,987

THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

BALANCE SHEET
31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 95,825 - 95,825 100,536

CURRENT ASSETS
Debtors 14 4,718 105,733 110,451 17,480
Cash at bank and in hand 37,476 19,211 56,687 65,192
42,194 124,944 167,138 82,672

CREDITORS
Amounts falling due within one year 15 (5,480 ) (949 ) (6,429 ) (5,221 )

NET CURRENT ASSETS 36,714 123,995 160,709 77,451

TOTAL ASSETS LESS CURRENT LIABILITIES 132,539 123,995 256,534 177,987

NET ASSETS 132,539 123,995 256,534 177,987
FUNDS 17
Unrestricted funds 132,539 159,752
Restricted funds 123,995 18,235
TOTAL FUNDS 256,534 177,987

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


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


THE HUT YORK LIMITED (REGISTERED NUMBER: 07713526)

BALANCE SHEET - continued
31 JULY 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 23 April 2025 and were signed on its behalf by:





R Buglass - Trustee

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. CHARITY INFORMATION

The Hut York Limited is a private charitable company, limited by guarantee, registered with the Charity Commission in England and Wales.

The address of its registered office is 5 Rawcliffe Landing, York, North Yorkshire, YO30 1XL.

The address of its principal place of business is The Hut York, Wiggington Road, Clarence Gardens, York, YO31 8HG.

2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Leasehold improvements - 5% straight line
Fixtures and fittings - 33.3% straight line and 20% straight line

Depreciation charges commence from when an asset is brought into use by the charity.

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.

In accordance with the Charities SORP (FRS102), fixed assets acquired using restricted income are classified as unrestricted when this is consistent with their use.


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.

3. DONATIONS AND LEGACIES
2024 2023
as restated
£    £   
Grants and donations received 141,988 110,716
Donated goods - 1,054
141,988 111,770

4. INVESTMENT INCOME
2024 2023
as restated
£    £   
Interest income 1 2

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
as restated
Activity £    £   
Fees Day facilities and activities 26,148 31,172
Training and room hire Training and room hire 35,600 32,645
61,748 63,817


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. RAISING FUNDS

Raising donations and legacies
2024 2023
as restated
£    £   
Grant application support 1,720 1,196

7. SUPPORT COSTS
Organisational
running Governance
costs Finance costs Totals
£    £    £    £   
Day facilities and activities 120,579 32 2,859 123,470

Support costs, included in the above, are as follows:

Organisational running costs
2024 2023
as restated
Day
facilities
and Total
activities activities
£    £   
Wages and salaries 80,292 68,469
Social security 495 -
Pensions 2,099 1,578
Equipment hire 989 944
Rent and rates 4,748 546
Activities 885 1,955
Materials 8,037 10,311
Telephone 2,428 2,525
Postage and stationery 373 513
Sundries 1,079 1,898
Travelling - 35
Advertising and promotion 390 823
Insurance 1,282 1,238
Light and heat 2,171 4,126
Repairs and renewals 4,518 4,157
Cleaning 1,246 1,770
Roof repairs - 30,970
Improvements to the Hut 1,714 -
Depreciation of tangible assets 6,376 5,999
Training 1,457 978
120,579 138,835

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. SUPPORT COSTS - continued
Finance
2024 2023
as restated
Day
facilities
and Total
activities activities
£    £   
Bank charges 32 45
Governance costs
2024 2023
as restated
Day
facilities
and Total
activities activities
£    £   
Accountancy and legal fees 2,859 2,595

8. NET INCOME/(EXPENDITURE)

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

2024 2023
as restated
£    £   
Depreciation - owned assets 6,376 5,999
Hire of plant and machinery 989 944
Independent examiner's fee (inclusive of VAT) 1,692 1,614

9. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees received remuneration or other benefits during the current or previous year.

Trustees' expenses

The trustees did not have any expenses reimbursed in the current or previous year.


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. STAFF COSTS
2024 2023
as restated
£    £   
Wages and salaries 80,292 68,469
Social security costs 495 -
Other pension costs 2,099 1,578
82,886 70,047

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

2024 2023
as restated
Charity service providers 5 5

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

Key management personnel:
The key management personnel of the charity are considered to be the trustees. The trustees are not remunerated for providing their services.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
as restated
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 85,002 26,768 111,770

Charitable activities
Day facilities and activities 31,172 - 31,172
Training and room hire 32,645 - 32,645

Investment income 2 - 2
Total 148,821 26,768 175,589

EXPENDITURE ON
Raising funds 165 1,031 1,196

Charitable activities
Day facilities and activities 127,384 14,091 141,475
Total 127,549 15,122 142,671

NET INCOME 21,272 11,646 32,918


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
as restated
£    £    £   

RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported 118,302 26,767 145,069
Prior year adjustment 20,178 (20,178 ) -
As restated 138,480 6,589 145,069

TOTAL FUNDS CARRIED FORWARD 159,752 18,235 177,987

12. PRIOR YEAR ADJUSTMENT

It has been recognised that income received in a previous period was allocated to a restricted fund although no such restrictions were applied by the donors when the income was donated.Adjustment has therefore been made to allocate this income to unrestricted funds.

The effect on the comparative amounts (note 17) are as follows:

Changes to the Funds

As previously
reported
Adjustment at
01.08.23
As restated at
31.07.23
£ £ £
Unrestricted funds 139,574 20,178 159,752
Restricted funds 38,413 (20,178 ) 18,235
Total funds 177,987 - 177,987

The prior year adjustment has not affected the comparative Statement of Financial Activities apart from with regard to the brought forward and carried forward fund balances (note 11).

In addition, tangible fixed asset expenditure in respect of the property from which the charity operates has been classified as freehold property. The property to which the expenditure relates is let to the charity on a 99 year lease and therefore the expenditure has been reclassified as leasehold improvements (note 13). No changes are required to the amounts as previously disclosed or the rate of depreciation of the assets.


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


13. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 August 2023 110,010 4,095 114,105
Additions - 1,665 1,665
At 31 July 2024 110,010 5,760 115,770
DEPRECIATION
At 1 August 2023 11,000 2,569 13,569
Charge for year 5,500 876 6,376
At 31 July 2024 16,500 3,445 19,945
NET BOOK VALUE
At 31 July 2024 93,510 2,315 95,825
At 31 July 2023 99,010 1,526 100,536

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 5,786 -
Accrued income 104,360 16,714
Prepayments 305 766
110,451 17,480

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 1,471 605
Social security and other taxes 893 740
Other creditors 426 308
Credit card 1,692 1,840
Accrued expenses 1,947 1,728
6,429 5,221


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
as restated
£    £   
Within one year 261 258

17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.23 in funds funds 31.7.24
£    £    £    £   
Unrestricted funds
General 114,574 (33,595 ) 21,560 102,539
Phase 3 - The Hut Improvements 45,178 5,000 (20,178 ) 30,000
159,752 (28,595 ) 1,382 132,539
Restricted funds
The Hubble Health and Wellbeing
Programme

1,515

(847

)

-

668
Great Outdoor Sessions 4,376 (4,351 ) (25 ) -
Phase 3 - The Hut Improvements 5,485 114,956 - 120,441
Other Small Restricted Funds 6,859 (2,616 ) (1,357 ) 2,886
18,235 107,142 (1,382 ) 123,995
TOTAL FUNDS 177,987 78,547 - 256,534

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General 78,503 (112,098 ) (33,595 )
Phase 3 - The Hut Improvements 5,000 - 5,000
83,503 (112,098 ) (28,595 )
Restricted funds
The Hubble Health and Wellbeing
Programme

-

(847

)

(847

)
Great Outdoor Sessions - (4,351 ) (4,351 )
Phase 3 - The Hut Improvements 117,300 (2,344 ) 114,956
Other Small Restricted Funds 2,934 (5,550 ) (2,616 )
120,234 (13,092 ) 107,142
TOTAL FUNDS 203,737 (125,190 ) 78,547


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Prior Net Transfers
year movement between At
At 1.8.22 adjustment in funds funds 31.7.23
£    £    £    £    £   
Unrestricted funds
General 118,302 - (3,728 ) - 114,574
Phase 1 - Hubble Project - 20,178 - (20,178 ) -
Phase 3 - The Hut
Improvements

-

-

25,000

20,178

45,178
118,302 20,178 21,272 - 159,752
Restricted funds
The Hubble Health and
Wellbeing Programme

2,226

-

(711

)

-

1,515
Great Outdoor Sessions - - 4,376 - 4,376
Phase 1 - Hubble Project 20,178 (20,178 ) - - -
Phase 2 - Roof
Replacement

485

-

-

(485

)

-
Phase 3 - The Hut
Improvements

-

-

5,000

485

5,485
Other Small Restricted
Funds

3,878

-

2,981

-

6,859
26,767 (20,178 ) 11,646 - 18,235
TOTAL FUNDS 145,069 - 32,918 - 177,987

THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


17. 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 98,821 (102,549 ) (3,728 )
Phase 2 - Roof Replacement 25,000 (25,000 ) -
Phase 3 - The Hut Improvements 25,000 - 25,000
148,821 (127,549 ) 21,272
Restricted funds
The Hubble Health and Wellbeing
Programme

-

(711

)

(711

)
Great Outdoor Sessions 10,001 (5,625 ) 4,376
Phase 2 - Roof Replacement 1,031 (1,031 ) -
Phase 3 - The Hut Improvements 5,000 - 5,000
Other Small Restricted Funds 10,736 (7,755 ) 2,981
26,768 (15,122 ) 11,646
TOTAL FUNDS 175,589 (142,671 ) 32,918

The notes above set out the restricted grants received and utilised in this and the prior year. The balance carried forward relates to funding which has not been utilised for its relevant restricted purpose as at the balance sheet date. These include:

The Hubble Health & Wellbeing Programme - The programme (previously known as the Aspire programme) is a members club which runs a number of sessions, with the aim of encouraging members to learn and develop skills which enable them to engage in meaningful occupation.

Great Outdoor Sessions - Relates to The Hut's 'Great Outdoor' sessions, which are run each friday by the charity. These sessions involve participants helping with looking after the grounds around The Hut, and learning about plants, nature and the environment along the way.

Phase 1: Hubble Project - The Hubble Project relates to the conversion of the toilet block next to The Hut premises into a useable space for charitable activities.

Phase 2: Roof Replacement - Phase 2 relates to renovations on the main building in which the charity carries out its charitable activities, principally the replacement of the roof.

Phase 3: The Hut Improvements - Phase 3 relates to internal renovations and improvements to the main building in which the charity carries out its charitable activities. At the year-end date, this fund also includes £30,000 that has been designated by the trustees for expenditure on this project. The expenditure on this project is expected to have been incurred in full in the next financial year.

Other Small Restricted Funds - Relates to items of income and expenditure of a restricted nature, deemed to be immaterial due to their low value.


THE HUT YORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


17. MOVEMENT IN FUNDS - continued

Transfers between funds

Current year

£20,178 has been transferred from Phase 3 designated funds to general funds in the year. This funding was reallocated from Phase 1 in the previous year. With the agreement of the donors, the funds have been transferred to general funds to cover a shortfall in funds available for running costs.

The restriction on fixed assets purchased using restricted funds in the year has been removed once purchased, with the agreement of the donors, this being a total of £1,382.

Prior year

£485 was allocated between restricted funds - Phase 2 to Phase 3. These funds were originally received specifically for the purchase of a cooker, but this was no longer required by the charity. With the agreement of the donor, the funds were transferred for the purposes of Phase 3.

A further £20,178 was reallocated between designated funds - Phase 1 to Phase 3. This funding was originally allocated for the purposes of Phase 1, but required expenditure on Phase 1 was lower than the total funds received for these purposes. With the agreement of the donors, the funds were therefore transferred for the purposes of Phase 3. This amount was allocated to restricted funds in the previous year's financial statements and has been amended by a prior year adjustment (note 12).

18. RELATED PARTY DISCLOSURES

The charity received £35,270 (2023 - £31,800) in training income from companies in the which some of the trustees have a business interest.

The charity received £Nil (2023 - £1,031) in donations from companies in which some of the trustees have a business interest.

The charity received donated goods at a value of £Nil (2023 - £1,054) from companies in which some of the trustees have a business interest.