| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE HINGE CENTRE LIMITED |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE HINGE CENTRE LIMITED |
| THE HINGE CENTRE LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 27 |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 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 December 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 company's aims and objectives are to: |
| - | Alleviate the distress of residents and young people who present themselves in crisis; |
| - | To promote physical and mental health of residents and young people through ongoing support within the |
| community; |
| - | To work in partnership with residents and young people empowering them to formulate positive life choices; |
| - | To work in partnership with other agencies that impact upon residents and young people's lives; |
| - | Advance education; |
| - | Preserve and protect good health; |
| - | Relieve poverty, sickness and the distress arising therefrom; and |
| - | Promote any other charitable purposes for the benefit of people in the Bridlington and local area. |
| PRINCIPLE FUNDING SOURCES |
| The primary funding for projects, staffing and overheads in 2024 is as follows: |
| - | National Lottery Community Foundation - Community Together; |
| - | East Coast Community Foundation - Youth Inclusion; |
| - | Nationwide Building Society - Resettlement; |
| - | Henry Smith Foundation - Resettlement; |
| - | CHCP- Women's Well-being Ambassador |
| - | Tudor Trust - Inclusion; and |
| - | Fraisthorpe Wind Farm - Cross Project. |
| Additionally, grants were received from Smile Foundation, Do it for East Yorkshire (DIFEY), Half-term Activity Fund (HAF), Liz and Terry Bramall, NatWest, PAG, Stadium Trust, Tesco (groundworks). |
| Public benefit |
| The trustees confirm that they have complied with the duty of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit "Charities and Public Benefit". |
| The Hinge Centre Limited continues to provide a number of sessions that bring residents and young people together and promotes a greater sense of community spirit and engagement, as well as breaking down the barriers of discrimination. We hold a number of community groups, a community food store, community drop in's, employment skills training, benefits assistance and support, access to further training, regular community events which have included a Halloween Party, Easter Fayre, Summer Fayre, annual charity fundraising events, resettlement referrals and assessments, agency referrals, work placement support for college students and volunteer recruitment. |
| We have an open door policy with immediate support for anyone who presents themselves at any time, with any issue. We have a requirement from our key funders to deliver a range of outcomes to address the current areas of poverty in line with the Indices of Deprivation 2019 Summary. |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Community |
| 2024 was another busy year for the Hinge Centre. We continued to run our community groups such as 'The Budget Cooking Class', 'Men's Meet and Eat', 'The Hinge Drama Group', 'Healthy Minds' and' 'Craft for Health', all of which were aimed at bringing people together, reducing isolation, improving existing skills, providing new skills and empowering people to make healthy choices. We continued to offer a weekly community drop-in session (Warm Welcome) and digital drop-in session as well as the offer of online courses including food hygiene and health and safety at work. We provided 305 community groups that supported 295 individual people. |
| During 2024, our community project received 335 referrals for benefit and welfare support. 844 one to one appointments took place within this project. |
| The Hinge Centre's group activities aimed at improving skills and prospects were attended 1,118 times by 69 individuals. These sessions included employability support, personal development and independent living skills. During 2024 these group/one to one sessions were delivered face to face at The Hinge Centre and out in the community. |
| 41 individuals have volunteered with The Hinge Centre including helping with the delivering of newsletters and supporting community events such as fayres, coffee mornings and stalls, as well as reception duty and offering support within community groups. In addition, we provided placement opportunities for 5 students. |
| In 2024 we held a number of community events, both to bring the community together and to fundraise for the charity. These events included an Easter, Summer and Christmas fayre which saw 706 attendances. |
| In 2024, 384 individuals with poor mental health, 177 individuals with a physical disability, 149 homeless individuals, 60 individuals that were at risk of becoming homeless, 58 individuals who had been involved in criminal activity in the last 12 months and 13 individuals with substance misuse issues accessed The Hinge Centre for support. |
| 762 food parcels were handed out to the local community. These supported 861 adults and 458 children. |
| 99 people have been supported with claiming for welfare assistance in relation to resettlement, debt management, white goods and/or fuel which totalled £16,401 within this reporting period. These funds were secured through external funding sources and were used to directly pay funds to landlords, debt companies, utility companies, council housing or tax departments, as well as to purchase large and smaller white goods. |
| Children & Young People |
| Our after school and holiday clubs continued to take place in 2024. Within this project we offered a wide range of after school activities for children and young people including: Little Chefs, Tea @ The Hinge, Discovery Club, Fun and Games and Creative kids. Additionally, during the school holidays we were able to offer sessions including Paws4minds, cook stars, board game café, gardening, food explorers, art explorers. Trips included Hull museums, Pinewoods, MKM Stadium, Stockeld Park, Scarborough, Sewerby Park and Playdale Farm. |
| The sessions focused on bringing children together, building confidence, providing positive role models and new experiences. We ran 152 after school sessions, 37 Us Girls sessions and 29 holiday activities/trips which had 1,460 attendances. These sessions took place both at The Hinge Centre and out in the local community. The children attending are aged between 5 and 16 and come from a variety of schools and areas of the town. |
| Resettlement Project |
| The resettlement project supports homeless individuals or those at risk of homelessness to firstly identify their individual needs, then put together a holistic support package covering a range of personal life skills and personal development with ongoing support in order for them to access supported independent tenancies which they can maintain. We also provide help at a critical moment, providing support to meet immediate needs such food, sleeping bags, flasks and mobile phones. |
| Within this reporting period 193 individuals have been referred for resettlement support. This project worked successfully, face to face with 100 of these individuals. 47 of the individuals were supported to move into privately rented properties, hostels or supported living and 15 returned to family or remained in current accommodation. |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Each of the individuals accessing for resettlement support receive a full initial assessment and a tailored support plan is developed with them. The initial assessment, as well as to record basic information such as name, date of birth and medical information, allows us to ensure they have the correct income in place. An additional part of this package is to identify suitable, sustainable and affordable accommodation relevant to their specific needs and budget. |
| FINANCIAL REVIEW |
| Financial review |
| The result for the year was an overall surplus of £92,503 (2023 : £44,592). Restricted funds increased by £25,569 (2023 : £3,202); unrestricted funds increased by £66,934 (2023 : £41,390) during the year. |
| The charity has been actively seeking grant funding during the year. |
| The charity holds £220,000 of unrestricted funds in a bank deposit account, with the specific purpose of securing their own permanent premises, when funds permit. This will save the charity rental costs enabling the charity to further their main aims to help the local community. |
| FUTURE DEVELOPMENTS |
| In line with the charity's aims and objectives, we will continue to identify areas of need within the locality of Bridlington and the surrounding areas and respond to both, with independent project evaluation and community consultations. Working groups have been set up to achieve wider consultation. |
| The charity will continue to work to identify and secure funding from a variety of sources to fund projects, core costs and to match fund current bids. |
| Fundraising will continue to play a key role in 2025 and our in-house staff will work hard to increase funding efforts to bring in vital unrestricted funds for the charity and a dedicated consultant will focus on restricted applications. We will be placing greater emphasis on raising unrestricted funds. |
| Raising the profile of The Hinge Centre Charity will continue to play a part of the charities aims in 2025. Reloved, our charity shop, opened in July 2023 and helps with raising the profile as well as raising funds for the charity and giving voluntary work activities for some of our service users. The shop's trade, assets and liabilities were hived up into the charity on 30 April 2025. The subsidiary company will be struck off, post year end. |
| The Trustees complete an annual skills and strengths analysis which allows us to recognise growth and identify gaps, in order to seek out new members who bring those skills. |
| We have an excellent staff team who can adapt to changing needs in the community. They enhance their skills with training and experiential learning, and therefore are in a good position to pass that knowledge on to organisations, both statutory and charitable. |
| We are also considering our future and the suitability of our current accommodation. Having a base close to the centre of town has had advantages, but we also need access points for service users that are close to where they live. Work on this will continue during 2025, especially working with the council, the NHS and other voluntary groups. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a registered charity and company limited by guarantee and is governed by its constitution which was adopted on 9th July 1997, as amended on 22nd January 1999, 21st May 2002 and 18th June 2008, together with its Memorandum and Articles of Association adopted on 18th February 2008. |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Recruitment and appointment of new trustees |
| The directors of the company are also trustees for the purposes of charity law and, under the company's articles for the purpose of company law, are known as members of the Charity Board. Under the requirements of the charity's Memorandum and Articles all directors must retire after serving a term of three years, after which they can be re-elected at the next Annual General Meeting. Directors can only serve for a maximum of four terms. |
| The Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the charitable company. Therefore as part of the recruitment of directors the company promotes the need for knowledge and experience to assist the charitable company. |
| In order to promote a broad mix, members of the Board are requested to provide a list of their skills (and update it each year if re-elected) and in the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board. |
| Organisational structure |
| The Hinge has a Board of Directors of not less than four members with a maximum of nine who meet quarterly and are responsible for the strategic direction of the charitable company. At present the Board has members from a variety of backgrounds relevant to the work of the charitable company. |
| Subsidiary Company |
| In July 2023 the charity opened its own charity shop. The shop is operated by a wholly owned subsidiary company. The Hinge Centre Trading Limited, and all profits will be donated up into the charity. This was done to diversify the charity's funding streams and it also helps with raising the profile as well as raising funds for the charity and giving voluntary work activities for some of our service users. |
| The trading company has one share, owned by The Hinge Centre Limited, and three directors: the Hinge Centre's Chief Executive, The Hinge Centre's Treasurer and one independent directors. The shop had a full-time manager with two part-time deputy managers. All other staff are volunteers. |
| The Hinge Centre Trading Limited is currently a separate company to reduce the financial risk to the charity. |
| It has been decided by the directors that, to simplify administration, the trading company will close and Reloved be incorporated into The Hinge Centre Limited. At the 30 April 2025 the assets and liabilities of the trading subsidiary were transferred up to the charity and the remaining outstanding loan was written off. |
| Induction and training of new trustees |
| Most directors are already familiar with the practical work of the charity. Additionally, new directors are invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the charitable company and the context within which it operates. These are jointly led by the Chair of the Board and the Secretary of the charitable company and cover: |
| - | The obligations of Board members; |
| - | The main documents which set out the operational framework for the charity including its Memorandum and |
| Articles of Association; |
| - | Resourcing and the current financial position as set out in the latest published accounts; and |
| - | Future plans and objectives. |
| Related parties |
| No director has any related party transactions associated with the organisation. |
| Risk management |
| Having entered into a lease with Smile, the charity now has suitable premises for its current and planned services. Whilst this is currently a short term lease until December 2025, negotiations are taking place with Smile and East Riding of Yorkshire Council in the hope that longer term, we can secure suitable accommodation. |
| Diversifying income is still an issue especially as funding streams are always on a short term basis. Fundraising from the public and businesses through events, donations, etc has become a high priority. |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| Lloyd Dowson Limited |
| Medina House |
| 2 Station Avenue |
| Bridlington |
| East Yorkshire |
| YO16 4LZ |
| Bankers |
| Scarborough |
| YO11 2EG |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE HINGE CENTRE LIMITED |
| Independent examiner's report to the trustees of The Hinge Centre Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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. |
| Tracy Meredith-Baker, FCA, FCCA |
| Lloyd Dowson Limited |
| Medina House |
| 2 Station Avenue |
| Bridlington |
| East Yorkshire |
| YO16 4LZ |
| Date: ............................................. |
| THE HINGE CENTRE LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Unrestricted | Designated | Restricted | Total | Total |
| funds | funds | funds | funds | funds |
| Notes | £ | £ | £ | £ | £ |
| INCOME AND | ENDOWMENTS FROM |
| Donations and legacies | 139,238 | - |
| Charitable activities |
| 251 | - |
| Other trading activities | 2 | 36,828 | - |
| Investment income | 3 | 6,292 | - |
| Total | 182,609 | - |
| EXPENDITURE ON |
| Raising funds | 18,914 | - |
| Charitable activities |
| 93,411 | - |
| Total | 112,325 | - |
| NET INCOME | 70,284 | - |
| Transfers between funds | 12 | (6,617 | ) | 3,267 | 3,350 | - | - |
| Net movement in funds | 63,667 | 3,267 |
| RECONCILIATION OF | FUNDS |
| Total funds brought forward | 334,542 | 45,600 |
| TOTAL FUNDS CARRIED FORWARD |
398,209 |
48,867 |
518,735 |
| THE HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Unrestricted | Designated | Restricted | Total | Total |
| funds | funds | funds | funds | funds |
| Notes | £ | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 9 | - | - |
| CURRENT ASSETS |
| Debtors | 10 | 68,492 | - |
| Cash at bank and in hand | 341,166 | 48,867 |
| 409,658 | 48,867 |
| CREDITORS |
| Amounts falling due within one year |
11 |
(11,449 |
) |
- |
( |
) |
( |
) |
( |
) |
| NET CURRENT ASSETS | 398,209 | 48,867 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
398,209 |
48,867 |
| NET ASSETS | 398,209 | 48,867 |
| FUNDS | 12 |
| Unrestricted funds | 380,142 |
| Restricted funds | 138,593 |
| TOTAL FUNDS | 518,735 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 HINGE CENTRE LIMITED (REGISTERED NUMBER: 06507894) |
| BALANCE SHEET - continued |
| 31 DECEMBER 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 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared on the accruals basis 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention. |
| Going concern |
| The financial statements have been prepared on the going concern basis of accounting, which assumes that the charity is able to continue operating as a going concern. |
| Preparation of consolidated financial statements |
| The financial statements contain information about The Hinge Centre Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| 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. |
| Raising funds |
| The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. |
| Grants and donations |
| Revenue grants are recognised in the Statement of Financial Activities on receipt, subject to any required conditions being met or services being provided. Any unspent grants at the year end are shown in the balance sheet as restricted funds. |
| Governance costs |
| Governance costs include those costs associated with constitutional and statutory requirements. |
| Tangible fixed assets |
| Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. If purchased through free reserves, then depreciation is provided on the basis of 33% straight line. Tangible fixed assets that are purchased via restricted funding are written off in full in the year of acquisition. A full fixed asset register is maintained 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. |
| Designated funds are funds set aside by the trustees out of unrestricted general funds for a specific future purpose or projects as outlined in the balance sheet. |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| Fund accounting |
| 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. |
| 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. |
| 2. | OTHER TRADING ACTIVITIES |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Fundraising events |
| 3. | INVESTMENT INCOME |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Deposit account interest |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Depreciation - owned assets |
| Other operating leases | 29,305 | 30,646 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 6. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 31.12.24 | 31.12.23 |
| Senior Management | 1 | 1 |
| Operational Management | 2 | 2 |
| Project Workers | 7 | 7 |
| Support Workers | 9 | 8 |
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Designated | Restricted | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 104,893 | - |
| Charitable activities |
| 6,501 | - |
| Other trading activities | 34,274 | - |
| Investment income | 2,148 | - |
| Total | 147,816 | - |
| EXPENDITURE ON |
| Raising funds | 20,144 | - |
| Charitable activities |
| 86,282 | - |
| Total | 106,426 | - |
| NET INCOME | 41,390 | - |
| Transfers between funds | (12,713 | ) | 12,713 | - | - |
| Net movement in funds | 28,677 | 12,713 |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 305,865 | 32,887 | 135,391 |
| TOTAL FUNDS CARRIED FORWARD | 334,542 | 45,600 | 138,593 | 518,735 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 8. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 9. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2024 and 31 December 2024 |
| PROVISIONS |
| Impairments | 1 |
| NET BOOK VALUE |
| At 31 December 2024 | - |
| At 31 December 2023 | 1 |
| Shares in group undertakings are included at the lower of cost and net realisable value. |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Registered office: Medina House, 2 Station Avenue, Bridlington, YO16 4LZ |
| Nature of business: Charity Shop |
| % |
| Class of share: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) |
| Profit/(loss) for the period | ( |
) |
| The subsidiary ceased trading on 30 April 2025. The trade, assets and liabilities were transferred over to the charity. |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 10. | DEBTORS |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Social security and other taxes |
| Accrued expenses |
| Deferred grants |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS |
| Net | Transfers |
| movement | between | At |
| At 1.1.24 | in funds | funds | 31.12.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 334,542 | 70,284 | (41,323 | ) | 363,503 |
| Designated funds | 45,600 | - | 3,267 | 48,867 |
| General fund - Shop | - | - | 34,706 | 34,706 |
| 70,284 | ( |
) |
| Restricted funds |
| Brelms Trust | 583 | (583 | ) | - | - |
| Awards for All | 1,149 | (964 | ) | - | 185 |
| Henry Smith Foundation | 5,272 | 35,638 | - | 40,910 |
| Tudor Trust | 4,077 | 108 | - | 4,185 |
| East Coast Community Fund | 10,775 | (6,610 | ) | - | 4,165 |
| Tribune | 940 | - | - | 940 |
| BCT Emergency Fund | 1,363 | - | - | 1,363 |
| F P Finn Charitable Trust | - | 69 | - | 69 |
| National Lottery Community Fund | 5,881 | (5,881 | ) | - | - |
| Two Ridings Community Foundation | 3,844 | (507 | ) | - | 3,337 |
| Emergency Assistance Grant | 2,409 | (600 | ) | - | 1,809 |
| Groundworks | 1,000 | - | - | 1,000 |
| Hedley | - | 2,539 | - | 2,539 |
| Stronger Together | 562 | (224 | ) | - | 338 |
| HAF Summer Hampers | 4,077 | (4,047 | ) | - | 30 |
| HAF Summer Activities | 748 | (611 | ) | - | 137 |
| Nationwide | 8,422 | (1,337 | ) | - | 7,085 |
| 7 Stars Foundation | 229 | (229 | ) | - | - |
| Betty & Taylor | 1,637 | (1,637 | ) | - | - |
| HAF Xmas Parcels | 12,152 | (441 | ) | - | 11,711 |
| Help for Health | 2,051 | (800 | ) | - | 1,251 |
| Ironmongers | 456 | (86 | ) | - | 370 |
| Alpkit 22 | 96 | (86 | ) | - | 10 |
| Arnold Clark | 227 | (76 | ) | - | 151 |
| ERYC Large Appliance | 2,074 | (200 | ) | - | 1,874 |
| HAF Activities 22 | 2,614 | (641 | ) | - | 1,973 |
| Leeds BS | 186 | (186 | ) | - | - |
| Liz & Terry Bramall | 4,380 | (333 | ) | - | 4,047 |
| Lord Feoffees Crisis Fund | 811 | (260 | ) | - | 551 |
| Nationwide Arts | 389 | (389 | ) | - | - |
| NHS Community MH Fund | 1,806 | (1,483 | ) | - | 323 |
| NLCF 23 | 10,337 | (6,283 | ) | - | 4,054 |
| Seafarers | 2,202 | (1,845 | ) | - | 357 |
| SOIL Grant | - | 500 | - | 500 |
| Sport England | 3,278 | (941 | ) | - | 2,337 |
| WF Southall Trust Grant | 1,555 | - | - | 1,555 |
| ERYC Emergency Assistance 2021 | 207 | (200 | ) | - | 7 |
| ER Emergency Food & Welfare Fund | 8,200 | (4,248 | ) | - | 3,952 |
| ERYC Emergency Food & Supplies 22 | 24 | (24 | ) | - | - |
| Do it for East Yorkshire 2 | 737 | (517 | ) | - | 220 |
| Do it for East Yorkshire 3 | 1,405 | (1,387 | ) | - | 18 |
| Do it for East Yorkshire Xmas | 472 | (206 | ) | - | 266 |
| ER Emergency Food & Welfare Fund 2 | 7,751 | (3,939 | ) | - | 3,812 |
| ERFPA White Goods | 169 | (169 | ) | - | - |
| ERVAS Social Activity Fund | 711 | (450 | ) | - | 261 |
| Fraisthorpe Windfarm | 1,711 | (1,602 | ) | - | 109 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| HAF 23 | 2,013 | (1,309 | ) | - | 704 |
| HERCT | 786 | (758 | ) | - | 28 |
| Hey Smile Digital 2 | 1,963 | (601 | ) | - | 1,362 |
| Hey Smile Us Women | 4,992 | (1,810 | ) | - | 3,182 |
| Hey Smile Digital | 240 | (240 | ) | - | - |
| Nationwide 24 | - | 30,720 | - | 30,720 |
| Two Ridings Cost of Living | 7,325 | (6,093 | ) | - | 1,232 |
| Winter Pressures Fund 23/24 | - | 900 | - | 900 |
| Do it for East Yorkshire 4 | - | 727 | - | 727 |
| HAF Easter 2024 | - | 415 | - | 415 |
| HAF Summer 2024 | - | 1,430 | - | 1,430 |
| Cash for Kids | - | 50 | - | 50 |
| PAG 2024 | - | 1,750 | - | 1,750 |
| US Girls 2024 | - | 349 | - | 349 |
| Family Action Grant | - | 133 | - | 133 |
| East Riding Food and Supplies 2024 | - | 7,814 | - | 7,814 |
| GVC | 2,305 | (578 | ) | - | 1,727 |
| PCC | - | (3,350 | ) | 3,350 | - |
| Emergency 2024 | - | 3,838 | - | 3,838 |
| 22,219 |
| TOTAL FUNDS | 92,503 | 611,238 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | 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 | 182,608 | (112,324 | ) | 70,284 |
| Restricted funds |
| Brelms Trust | - | (583 | ) | (583 | ) |
| Awards for All | - | (964 | ) | (964 | ) |
| Henry Smith Foundation | 71,000 | (35,362 | ) | 35,638 |
| Tudor Trust | 31,000 | (30,892 | ) | 108 |
| East Coast Community Fund | 9,338 | (15,948 | ) | (6,610 | ) |
| F P Finn Charitable Trust | 500 | (431 | ) | 69 |
| National Lottery Community Fund | - | (5,881 | ) | (5,881 | ) |
| Two Ridings Community Foundation | - | (507 | ) | (507 | ) |
| Emergency Assistance Grant | - | (600 | ) | (600 | ) |
| Hedley | 3,000 | (461 | ) | 2,539 |
| Stronger Together | - | (224 | ) | (224 | ) |
| HAF Summer Hampers | - | (4,047 | ) | (4,047 | ) |
| HAF Summer Activities | - | (611 | ) | (611 | ) |
| Nationwide | - | (1,337 | ) | (1,337 | ) |
| 7 Stars Foundation | - | (229 | ) | (229 | ) |
| Betty & Taylor | - | (1,637 | ) | (1,637 | ) |
| HAF Xmas Parcels | - | (441 | ) | (441 | ) |
| Help for Health | - | (800 | ) | (800 | ) |
| Ironmongers | - | (86 | ) | (86 | ) |
| Alpkit 22 | - | (86 | ) | (86 | ) |
| Arnold Clark | - | (76 | ) | (76 | ) |
| ERYC Large Appliance | - | (200 | ) | (200 | ) |
| HAF Activities 22 | - | (641 | ) | (641 | ) |
| Leeds BS | - | (186 | ) | (186 | ) |
| Liz & Terry Bramall | 10,000 | (10,333 | ) | (333 | ) |
| Lord Feoffees Crisis Fund | - | (260 | ) | (260 | ) |
| Nationwide Arts | - | (389 | ) | (389 | ) |
| NHS Community MH Fund | - | (1,483 | ) | (1,483 | ) |
| NLCF 23 | 80,392 | (86,675 | ) | (6,283 | ) |
| Seafarers | - | (1,845 | ) | (1,845 | ) |
| SOIL Grant | 500 | - | 500 |
| Sport England | - | (941 | ) | (941 | ) |
| ERYC Emergency Assistance 2021 | - | (200 | ) | (200 | ) |
| ER Emergency Food & Welfare Fund | - | (4,248 | ) | (4,248 | ) |
| ERYC Emergency Food & Supplies 22 | - | (24 | ) | (24 | ) |
| Do it for East Yorkshire 2 | - | (517 | ) | (517 | ) |
| Do it for East Yorkshire 3 | (454 | ) | (933 | ) | (1,387 | ) |
| Do it for East Yorkshire Xmas | - | (206 | ) | (206 | ) |
| ER Emergency Food & Welfare Fund 2 | - | (3,939 | ) | (3,939 | ) |
| ERFPA White Goods | - | (169 | ) | (169 | ) |
| ERVAS Social Activity Fund | - | (450 | ) | (450 | ) |
| Fraisthorpe Windfarm | 15,000 | (16,602 | ) | (1,602 | ) |
| HAF 23 | 250 | (1,559 | ) | (1,309 | ) |
| HERCT | - | (758 | ) | (758 | ) |
| Hey Smile Digital 2 | - | (601 | ) | (601 | ) |
| Hey Smile Us Women | - | (1,810 | ) | (1,810 | ) |
| Hey Smile Digital | - | (240 | ) | (240 | ) |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Nationwide 24 | 56,174 | (25,454 | ) | 30,720 |
| Two Ridings Cost of Living | - | (6,093 | ) | (6,093 | ) |
| Winter Pressures Fund 23/24 | 3,000 | (2,100 | ) | 900 |
| Do it for East Yorkshire 4 | 1,629 | (902 | ) | 727 |
| HAF Easter 2024 | 2,000 | (1,585 | ) | 415 |
| HAF Summer 2024 | 4,668 | (3,238 | ) | 1,430 |
| Anron Jurgens | 5,000 | (5,000 | ) | - |
| Cash for Kids | 1,000 | (950 | ) | 50 |
| PAG 2024 | 2,500 | (750 | ) | 1,750 |
| US Girls 2024 | 1,500 | (1,151 | ) | 349 |
| Family Action Grant | 500 | (367 | ) | 133 |
| East Riding Food and Supplies 2024 | 13,585 | (5,771 | ) | 7,814 |
| GVC | - | (578 | ) | (578 | ) |
| PCC | - | (3,350 | ) | (3,350 | ) |
| Emergency 2024 | 4,166 | (328 | ) | 3,838 |
| ( |
) | 22,219 |
| TOTAL FUNDS | ( |
) | 92,503 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net | Transfers |
| movement | between | At |
| At 1.1.23 | in funds | funds | 31.12.23 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 305,865 | 41,390 | (12,713 | ) | 334,542 |
| Designated funds | 32,887 | - | 12,713 | 45,600 |
| 338,752 | 41,390 | - | 380,142 |
| Restricted funds |
| Lloyds TSB Foundation & SJP | 17 | (17 | ) | - | - |
| Brelms Trust | 2,709 | (2,126 | ) | - | 583 |
| Awards for All | - | 1,149 | - | 1,149 |
| Henry Smith Foundation | 4,197 | 1,075 | - | 5,272 |
| PAG | 1,044 | (1,044 | ) | - | - |
| Tudor Trust | 3,951 | 126 | - | 4,077 |
| East Coast Community Fund | 10,255 | 520 | - | 10,775 |
| Tribune | - | 940 | - | 940 |
| BCT Emergency Fund | 1,443 | (80 | ) | - | 1,363 |
| National Lottery Community Fund | 9,696 | (3,815 | ) | - | 5,881 |
| Two Ridings Community Foundation | 6,777 | (2,933 | ) | - | 3,844 |
| Brexit Fund | 1,784 | (1,784 | ) | - | - |
| Emergency Assistance Grant | 4,061 | (1,652 | ) | - | 2,409 |
| Fitness 4 Fun | 176 | (176 | ) | - | - |
| Garfield Weston | 1,809 | (1,809 | ) | - | - |
| Groundworks | 1,000 | - | - | 1,000 |
| Smile Foundation | 17,100 | (17,100 | ) | - | - |
| Postcode Neighbourhood Trust | 1 | (1 | ) | - | - |
| Prince of Wales Community Fund | 157 | (157 | ) | - | - |
| Stronger Together | 1,372 | (810 | ) | - | 562 |
| Surviving Winter Fund | 6 | (6 | ) | - | - |
| YBS Covid-19 | 139 | (139 | ) | - | - |
| Next Steps | 934 | (934 | ) | - | - |
| Do it for East Yorkshire | 100 | (100 | ) | - | - |
| ER Food Poverty | 71 | (71 | ) | - | - |
| ERVAS Easter Packs | 163 | (163 | ) | - | - |
| HAF Summer Hampers | 6,470 | (2,393 | ) | - | 4,077 |
| HAF Summer Activities | 794 | (46 | ) | - | 748 |
| J & A Cattle | 114 | (114 | ) | - | - |
| Nationwide | 13,847 | (5,425 | ) | - | 8,422 |
| 7 Stars Foundation | 357 | (128 | ) | - | 229 |
| Albert Hunt | 406 | (406 | ) | - | - |
| Betty & Taylor | 1,637 | - | - | 1,637 |
| HAF Xmas Parcels | - | 12,152 | - | 12,152 |
| Help for Health | 2,892 | (841 | ) | - | 2,051 |
| Ironmongers | 4,620 | (4,164 | ) | - | 456 |
| Two Ridings - Wind Farm | 298 | (298 | ) | - | - |
| Alpkit 22 | 136 | (40 | ) | - | 96 |
| Arnold Clark | 262 | (35 | ) | - | 227 |
| ERYC Large Appliance | 2,074 | - | - | 2,074 |
| GVS | 3,890 | (1,585 | ) | - | 2,305 |
| HAF Activities 22 | 2,723 | (109 | ) | - | 2,614 |
| Leeds BS | 581 | (395 | ) | - | 186 |
| Liz & Terry Bramall | - | 4,380 | - | 4,380 |
| Lord Feoffees Crisis Fund | 11 | 800 | - | 811 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Nationwide Arts | 1,425 | (1,036 | ) | - | 389 |
| NHS Community MH Fund | - | 1,806 | - | 1,806 |
| NLCF 23 | - | 10,337 | - | 10,337 |
| Postcode Neighbourhood Grant | 5,986 | (5,986 | ) | - | - |
| Seafarers | - | 2,202 | - | 2,202 |
| Smile Xmas | 68 | (68 | ) | - | - |
| Sport England | 3,301 | (23 | ) | - | 3,278 |
| WF Southall Trust Grant | - | 1,555 | - | 1,555 |
| ERYC Emergency Assistance 2021 | 4,880 | (4,673 | ) | - | 207 |
| ER Emergency Food & Welfare Fund | 9,563 | (1,363 | ) | - | 8,200 |
| ERYC Emergency Food & Supplies 22 | 94 | (70 | ) | - | 24 |
| Do it for East Yorkshire 2 | - | 737 | - | 737 |
| Do it for East Yorkshire 3 | - | 1,405 | - | 1,405 |
| Do it for East Yorkshire Xmas | - | 472 | - | 472 |
| ER Emergency Food & Welfare Fund 2 | - | 7,751 | - | 7,751 |
| ERFPA White Goods | - | 169 | - | 169 |
| ERVAS Social Activity Fund | - | 711 | - | 711 |
| Fraisthorpe Windfarm | - | 1,711 | - | 1,711 |
| HAF 23 | - | 2,013 | - | 2,013 |
| HERCT | - | 786 | - | 786 |
| Hey Smile Digital 2 | - | 1,963 | - | 1,963 |
| Hey Smile Us Women | - | 4,992 | - | 4,992 |
| Hey Smile Digital | - | 240 | - | 240 |
| Two Ridings Cost of Living | - | 7,325 | - | 7,325 |
| 135,391 | 3,202 | - | 138,593 |
| TOTAL FUNDS | 474,143 | 44,592 | - | 518,735 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | 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 | 147,815 | (106,425 | ) | 41,390 |
| Restricted funds |
| Lloyds TSB Foundation & SJP | - | (17 | ) | (17 | ) |
| Brelms Trust | - | (2,126 | ) | (2,126 | ) |
| Awards for All | 7,714 | (6,565 | ) | 1,149 |
| Henry Smith Foundation | 35,000 | (33,925 | ) | 1,075 |
| PAG | - | (1,044 | ) | (1,044 | ) |
| Tudor Trust | 31,000 | (30,874 | ) | 126 |
| East Coast Community Fund | 17,580 | (17,060 | ) | 520 |
| Tribune | 1,930 | (990 | ) | 940 |
| BCT Emergency Fund | - | (80 | ) | (80 | ) |
| National Lottery Community Fund | - | (3,815 | ) | (3,815 | ) |
| Two Ridings Community Foundation | - | (2,933 | ) | (2,933 | ) |
| Alpkit Foundation | 100 | (100 | ) | - |
| Brexit Fund | - | (1,784 | ) | (1,784 | ) |
| Emergency Assistance Grant | - | (1,652 | ) | (1,652 | ) |
| Fitness 4 Fun | - | (176 | ) | (176 | ) |
| Garfield Weston | - | (1,809 | ) | (1,809 | ) |
| Smile Foundation | - | (17,100 | ) | (17,100 | ) |
| Postcode Neighbourhood Trust | - | (1 | ) | (1 | ) |
| Prince of Wales Community Fund | - | (157 | ) | (157 | ) |
| Stronger Together | - | (810 | ) | (810 | ) |
| Surviving Winter Fund | - | (6 | ) | (6 | ) |
| YBS Covid-19 | - | (139 | ) | (139 | ) |
| Next Steps | - | (934 | ) | (934 | ) |
| Do it for East Yorkshire | - | (100 | ) | (100 | ) |
| ER Food Poverty | - | (71 | ) | (71 | ) |
| ERVAS Easter Packs | - | (163 | ) | (163 | ) |
| HAF Summer Hampers | - | (2,393 | ) | (2,393 | ) |
| HAF Summer Activities | - | (46 | ) | (46 | ) |
| J & A Cattle | - | (114 | ) | (114 | ) |
| Nationwide | - | (5,425 | ) | (5,425 | ) |
| 7 Stars Foundation | - | (128 | ) | (128 | ) |
| Albert Hunt | - | (406 | ) | (406 | ) |
| HAF Xmas Parcels | 13,200 | (1,048 | ) | 12,152 |
| Help for Health | - | (841 | ) | (841 | ) |
| Ironmongers | - | (4,164 | ) | (4,164 | ) |
| Sainsbury's | 2,500 | (2,500 | ) | - |
| Two Ridings - Wind Farm | - | (298 | ) | (298 | ) |
| Alpkit 22 | - | (40 | ) | (40 | ) |
| Arnold Clark | - | (35 | ) | (35 | ) |
| Graham & Rosen | 400 | (400 | ) | - |
| GVS | - | (1,585 | ) | (1,585 | ) |
| HAF Activities 22 | 806 | (915 | ) | (109 | ) |
| Leeds BS | - | (395 | ) | (395 | ) |
| Liz & Terry Bramall | 10,000 | (5,620 | ) | 4,380 |
| Lord Feoffees Crisis Fund | 1,000 | (200 | ) | 800 |
| Nationwide Arts | - | (1,036 | ) | (1,036 | ) |
| NHS Community MH Fund | 4,945 | (3,139 | ) | 1,806 |
| NLCF 23 | 67,126 | (56,789 | ) | 10,337 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Postcode Neighbourhood Grant | - | (5,986 | ) | (5,986 | ) |
| Seafarers | 9,950 | (7,748 | ) | 2,202 |
| Sir James Reckitt | 19,850 | (19,850 | ) | - |
| Smile Xmas | - | (68 | ) | (68 | ) |
| Sport England | - | (23 | ) | (23 | ) |
| WF Southall Trust Grant | 3,000 | (1,445 | ) | 1,555 |
| ERYC Emergency Assistance 2021 | - | (4,673 | ) | (4,673 | ) |
| ER Emergency Food & Welfare Fund | - | (1,363 | ) | (1,363 | ) |
| ERYC Emergency Food & Supplies 22 | - | (70 | ) | (70 | ) |
| Do it for East Yorkshire 2 | 2,201 | (1,464 | ) | 737 |
| Do it for East Yorkshire 3 | 3,039 | (1,634 | ) | 1,405 |
| Do it for East Yorkshire Xmas | 536 | (64 | ) | 472 |
| ER Emergency Food & Welfare Fund 2 | 10,000 | (2,249 | ) | 7,751 |
| ERFPA White Goods | 1,500 | (1,331 | ) | 169 |
| ERVAS Essential items | 110 | (110 | ) | - |
| ERVAS Social Activity Fund | 1,000 | (289 | ) | 711 |
| Fraisthorpe Windfarm | 15,000 | (13,289 | ) | 1,711 |
| HAF 23 | 9,950 | (7,937 | ) | 2,013 |
| HERCT | 1,000 | (214 | ) | 786 |
| Hey Smile Digital 2 | 2,300 | (337 | ) | 1,963 |
| Hey Smile Us Women | 5,852 | (860 | ) | 4,992 |
| Hey Smile Digital | 1,603 | (1,363 | ) | 240 |
| Two Ridings Cost of Living | 10,000 | (2,675 | ) | 7,325 |
| 290,192 | (286,990 | ) | 3,202 |
| TOTAL FUNDS | 438,007 | (393,415 | ) | 44,592 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net | Transfers |
| movement | between | At |
| At 1.1.23 | in funds | funds | 31.12.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 305,865 | 111,674 | (54,036 | ) | 363,503 |
| Designated funds | 32,887 | - | 15,980 | 48,867 |
| General fund - Shop | - | - | 34,706 | 34,706 |
| 338,752 | 111,674 | (3,350 | ) | 447,076 |
| Restricted funds |
| Lloyds TSB Foundation & SJP | 17 | (17 | ) | - | - |
| Brelms Trust | 2,709 | (2,709 | ) | - | - |
| Awards for All | - | 185 | - | 185 |
| Henry Smith Foundation | 4,197 | 36,713 | - | 40,910 |
| PAG | 1,044 | (1,044 | ) | - | - |
| Tudor Trust | 3,951 | 234 | - | 4,185 |
| East Coast Community Fund | 10,255 | (6,090 | ) | - | 4,165 |
| Tribune | - | 940 | - | 940 |
| BCT Emergency Fund | 1,443 | (80 | ) | - | 1,363 |
| F P Finn Charitable Trust | - | 69 | - | 69 |
| National Lottery Community Fund | 9,696 | (9,696 | ) | - | - |
| Two Ridings Community Foundation | 6,777 | (3,440 | ) | - | 3,337 |
| Brexit Fund | 1,784 | (1,784 | ) | - | - |
| Emergency Assistance Grant | 4,061 | (2,252 | ) | - | 1,809 |
| Fitness 4 Fun | 176 | (176 | ) | - | - |
| Garfield Weston | 1,809 | (1,809 | ) | - | - |
| Groundworks | 1,000 | - | - | 1,000 |
| Hedley | - | 2,539 | - | 2,539 |
| Smile Foundation | 17,100 | (17,100 | ) | - | - |
| Postcode Neighbourhood Trust | 1 | (1 | ) | - | - |
| Prince of Wales Community Fund | 157 | (157 | ) | - | - |
| Stronger Together | 1,372 | (1,034 | ) | - | 338 |
| Surviving Winter Fund | 6 | (6 | ) | - | - |
| YBS Covid-19 | 139 | (139 | ) | - | - |
| Next Steps | 934 | (934 | ) | - | - |
| Do it for East Yorkshire | 100 | (100 | ) | - | - |
| ER Food Poverty | 71 | (71 | ) | - | - |
| ERVAS Easter Packs | 163 | (163 | ) | - | - |
| HAF Summer Hampers | 6,470 | (6,440 | ) | - | 30 |
| HAF Summer Activities | 794 | (657 | ) | - | 137 |
| J & A Cattle | 114 | (114 | ) | - | - |
| Nationwide | 13,847 | (6,762 | ) | - | 7,085 |
| 7 Stars Foundation | 357 | (357 | ) | - | - |
| Albert Hunt | 406 | (406 | ) | - | - |
| Betty & Taylor | 1,637 | (1,637 | ) | - | - |
| HAF Xmas Parcels | - | 11,711 | - | 11,711 |
| Help for Health | 2,892 | (1,641 | ) | - | 1,251 |
| Ironmongers | 4,620 | (4,250 | ) | - | 370 |
| Two Ridings - Wind Farm | 298 | (298 | ) | - | - |
| Alpkit 22 | 136 | (126 | ) | - | 10 |
| Arnold Clark | 262 | (111 | ) | - | 151 |
| ERYC Large Appliance | 2,074 | (200 | ) | - | 1,874 |
| GVS | 3,890 | (1,585 | ) | - | 2,305 |
| HAF Activities 22 | 2,723 | (750 | ) | - | 1,973 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Leeds BS | 581 | (581 | ) | - | - |
| Liz & Terry Bramall | - | 4,047 | - | 4,047 |
| Lord Feoffees Crisis Fund | 11 | 540 | - | 551 |
| Nationwide Arts | 1,425 | (1,425 | ) | - | - |
| NHS Community MH Fund | - | 323 | - | 323 |
| NLCF 23 | - | 4,054 | - | 4,054 |
| Postcode Neighbourhood Grant | 5,986 | (5,986 | ) | - | - |
| Seafarers | - | 357 | - | 357 |
| Smile Xmas | 68 | (68 | ) | - | - |
| SOIL Grant | - | 500 | - | 500 |
| Sport England | 3,301 | (964 | ) | - | 2,337 |
| WF Southall Trust Grant | - | 1,555 | - | 1,555 |
| ERYC Emergency Assistance 2021 | 4,880 | (4,873 | ) | - | 7 |
| ER Emergency Food & Welfare Fund | 9,563 | (5,611 | ) | - | 3,952 |
| ERYC Emergency Food & Supplies 22 | 94 | (94 | ) | - | - |
| Do it for East Yorkshire 2 | - | 220 | - | 220 |
| Do it for East Yorkshire 3 | - | 18 | - | 18 |
| Do it for East Yorkshire Xmas | - | 266 | - | 266 |
| ER Emergency Food & Welfare Fund 2 | - | 3,812 | - | 3,812 |
| ERVAS Social Activity Fund | - | 261 | - | 261 |
| Fraisthorpe Windfarm | - | 109 | - | 109 |
| HAF 23 | - | 704 | - | 704 |
| HERCT | - | 28 | - | 28 |
| Hey Smile Digital 2 | - | 1,362 | - | 1,362 |
| Hey Smile Us Women | - | 3,182 | - | 3,182 |
| Nationwide 24 | - | 30,720 | - | 30,720 |
| Two Ridings Cost of Living | - | 1,232 | - | 1,232 |
| Winter Pressures Fund 23/24 | - | 900 | - | 900 |
| Do it for East Yorkshire 4 | - | 727 | - | 727 |
| HAF Easter 2024 | - | 415 | - | 415 |
| HAF Summer 2024 | - | 1,430 | - | 1,430 |
| Cash for Kids | - | 50 | - | 50 |
| PAG 2024 | - | 1,750 | - | 1,750 |
| US Girls 2024 | - | 349 | - | 349 |
| Family Action Grant | - | 133 | - | 133 |
| East Riding Food and Supplies 2024 | - | 7,814 | - | 7,814 |
| GVC | - | (578 | ) | - | (578 | ) |
| PCC | - | (3,350 | ) | 3,350 | - |
| Emergency 2024 | - | 3,838 | - | 3,838 |
| 135,391 | 25,421 | 3,350 | 164,162 |
| TOTAL FUNDS | 474,143 | 137,095 | - | 611,238 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | 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 | 330,423 | (218,749 | ) | 111,674 |
| Restricted funds |
| Lloyds TSB Foundation & SJP | - | (17 | ) | (17 | ) |
| Brelms Trust | - | (2,709 | ) | (2,709 | ) |
| Awards for All | 7,714 | (7,529 | ) | 185 |
| Henry Smith Foundation | 106,000 | (69,287 | ) | 36,713 |
| PAG | - | (1,044 | ) | (1,044 | ) |
| Tudor Trust | 62,000 | (61,766 | ) | 234 |
| East Coast Community Fund | 26,918 | (33,008 | ) | (6,090 | ) |
| Tribune | 1,930 | (990 | ) | 940 |
| BCT Emergency Fund | - | (80 | ) | (80 | ) |
| F P Finn Charitable Trust | 500 | (431 | ) | 69 |
| National Lottery Community Fund | - | (9,696 | ) | (9,696 | ) |
| Two Ridings Community Foundation | - | (3,440 | ) | (3,440 | ) |
| Alpkit Foundation | 100 | (100 | ) | - |
| Brexit Fund | - | (1,784 | ) | (1,784 | ) |
| Emergency Assistance Grant | - | (2,252 | ) | (2,252 | ) |
| Fitness 4 Fun | - | (176 | ) | (176 | ) |
| Garfield Weston | - | (1,809 | ) | (1,809 | ) |
| Hedley | 3,000 | (461 | ) | 2,539 |
| Smile Foundation | - | (17,100 | ) | (17,100 | ) |
| Postcode Neighbourhood Trust | - | (1 | ) | (1 | ) |
| Prince of Wales Community Fund | - | (157 | ) | (157 | ) |
| Stronger Together | - | (1,034 | ) | (1,034 | ) |
| Surviving Winter Fund | - | (6 | ) | (6 | ) |
| YBS Covid-19 | - | (139 | ) | (139 | ) |
| Next Steps | - | (934 | ) | (934 | ) |
| Do it for East Yorkshire | - | (100 | ) | (100 | ) |
| ER Food Poverty | - | (71 | ) | (71 | ) |
| ERVAS Easter Packs | - | (163 | ) | (163 | ) |
| HAF Summer Hampers | - | (6,440 | ) | (6,440 | ) |
| HAF Summer Activities | - | (657 | ) | (657 | ) |
| J & A Cattle | - | (114 | ) | (114 | ) |
| Nationwide | - | (6,762 | ) | (6,762 | ) |
| 7 Stars Foundation | - | (357 | ) | (357 | ) |
| Albert Hunt | - | (406 | ) | (406 | ) |
| Betty & Taylor | - | (1,637 | ) | (1,637 | ) |
| HAF Xmas Parcels | 13,200 | (1,489 | ) | 11,711 |
| Help for Health | - | (1,641 | ) | (1,641 | ) |
| Ironmongers | - | (4,250 | ) | (4,250 | ) |
| Sainsbury's | 2,500 | (2,500 | ) | - |
| Two Ridings - Wind Farm | - | (298 | ) | (298 | ) |
| Alpkit 22 | - | (126 | ) | (126 | ) |
| Arnold Clark | - | (111 | ) | (111 | ) |
| ERYC Large Appliance | - | (200 | ) | (200 | ) |
| Graham & Rosen | 400 | (400 | ) | - |
| GVS | - | (1,585 | ) | (1,585 | ) |
| HAF Activities 22 | 806 | (1,556 | ) | (750 | ) |
| Leeds BS | - | (581 | ) | (581 | ) |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | MOVEMENT IN FUNDS - continued |
| Liz & Terry Bramall | 20,000 | (15,953 | ) | 4,047 |
| Lord Feoffees Crisis Fund | 1,000 | (460 | ) | 540 |
| Nationwide Arts | - | (1,425 | ) | (1,425 | ) |
| NHS Community MH Fund | 4,945 | (4,622 | ) | 323 |
| NLCF 23 | 147,518 | (143,464 | ) | 4,054 |
| Postcode Neighbourhood Grant | - | (5,986 | ) | (5,986 | ) |
| Seafarers | 9,950 | (9,593 | ) | 357 |
| Sir James Reckitt | 19,850 | (19,850 | ) | - |
| Smile Xmas | - | (68 | ) | (68 | ) |
| SOIL Grant | 500 | - | 500 |
| Sport England | - | (964 | ) | (964 | ) |
| WF Southall Trust Grant | 3,000 | (1,445 | ) | 1,555 |
| ERYC Emergency Assistance 2021 | - | (4,873 | ) | (4,873 | ) |
| ER Emergency Food & Welfare Fund | - | (5,611 | ) | (5,611 | ) |
| ERYC Emergency Food & Supplies 22 | - | (94 | ) | (94 | ) |
| Do it for East Yorkshire 2 | 2,201 | (1,981 | ) | 220 |
| Do it for East Yorkshire 3 | 2,585 | (2,567 | ) | 18 |
| Do it for East Yorkshire Xmas | 536 | (270 | ) | 266 |
| ER Emergency Food & Welfare Fund 2 | 10,000 | (6,188 | ) | 3,812 |
| ERFPA White Goods | 1,500 | (1,500 | ) | - |
| ERVAS Essential items | 110 | (110 | ) | - |
| ERVAS Social Activity Fund | 1,000 | (739 | ) | 261 |
| Fraisthorpe Windfarm | 30,000 | (29,891 | ) | 109 |
| HAF 23 | 10,200 | (9,496 | ) | 704 |
| HERCT | 1,000 | (972 | ) | 28 |
| Hey Smile Digital 2 | 2,300 | (938 | ) | 1,362 |
| Hey Smile Us Women | 5,852 | (2,670 | ) | 3,182 |
| Hey Smile Digital | 1,603 | (1,603 | ) | - |
| Nationwide 24 | 56,174 | (25,454 | ) | 30,720 |
| Two Ridings Cost of Living | 10,000 | (8,768 | ) | 1,232 |
| Winter Pressures Fund 23/24 | 3,000 | (2,100 | ) | 900 |
| Do it for East Yorkshire 4 | 1,629 | (902 | ) | 727 |
| HAF Easter 2024 | 2,000 | (1,585 | ) | 415 |
| HAF Summer 2024 | 4,668 | (3,238 | ) | 1,430 |
| Anron Jurgens | 5,000 | (5,000 | ) | - |
| Cash for Kids | 1,000 | (950 | ) | 50 |
| PAG 2024 | 2,500 | (750 | ) | 1,750 |
| US Girls 2024 | 1,500 | (1,151 | ) | 349 |
| Family Action Grant | 500 | (367 | ) | 133 |
| East Riding Food and Supplies 2024 | 13,585 | (5,771 | ) | 7,814 |
| GVC | - | (578 | ) | (578 | ) |
| PCC | - | (3,350 | ) | (3,350 | ) |
| Emergency 2024 | 4,166 | (328 | ) | 3,838 |
| 606,440 | (581,019 | ) | 25,421 |
| TOTAL FUNDS | 936,863 | (799,768 | ) | 137,095 |
| THE HINGE CENTRE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 13. | RELATED PARTY DISCLOSURES |
| At the 31 December 2024 the charity is owed £60,932 (2023 : £38,605) by it's 100% owned subsidiary, The Hinge Centre Trading Limited. |
| The subsidiary ceased trading on 30 April 2025. The trade, assets and liabilities were transferred over to the charity. The lease on the shop has also been reassigned to the charity. |
| 14. | DESIGNATED FUNDS |
| Designated funds are allocated from the balance of free reserves and represents the costs needs to cover staff, rent, utilities and general overheads for a period of three months in the event the charity is wound down in line with agreed policies and procedures. The fund is reviewed on an annual basis and the current level is deemed the minimum amount necessary to cover these costs. |