Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
GREAT GRIMSBY ICE FACTORY TRUST
(A company limited by guarantee)
FINANCIAL STATEMENTS
for the year ended
31 MARCH 2022
Phoenix Accountancy and Business Consultancy Limited
1
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Contents to the Financial Statements for the year ended 31 March 2022**
||Page|
|---|---|
|Company Information|3|
|Independent Examiners Report|4|
|Directors’ Report|5|
|Income and Expenditure Account|10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Statement of Cash Flows|14|
|Notes to the Financial Statements|15|
2
Company Number: 07990488
GREAT GRIMSBY ICE FACTORY TRUST
Charity Number: 1146988
## **Company Information for the year ended 31 March 2022**
|Directors|Graeme Basset|
|---|---|
||Victoria Hartung|
||Roy Horobin|
||Christopher Lester (resigned 15 August 2021)|
||David Pitcher|
||Susan Pitcher|
||Emilie Wales|
||Jonathan Wilcox|
|Secretary|Graeme Bassett|
|Registered Office|Great Grimsby Ice Factory Trust|
||1 Bargate Court|
||Grimsby|
||North East Lincolnshire|
||DN34 5AX|
|Registered Company Number|07990488|
|Registered Charity Number|1146988|
|Independent Examiner|Katie Sauvage FCCA|
||Chartered Certified Accountant|
||Phoenix Accountancy and Business Consultancy,|
||Morley’s Cottage|
||Morley’s Yard|
||Walkergate|
||Beverley|
||East Yorkshire|
||HU17 9BY|
|Bankers|HSBC Bank|
||55 Victoria Street|
||Grimsby|
||DN31 1UX|
3
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Independent Examiner’s Report to the Members of Great Grimsby Ice Factory Trust**
I report on the accounts of Great Grimsby Ice Factory Trust for the year ended 31 March 2022, which are set out on pages 10 to 23.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s statement**
In connection with my examination, no matter has come to my attention to indicate that:
- accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
- the accounts do not accord with such records:
- where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102)
- any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Katie Sauvage FCCA Chartered Certified Accountant, Phoenix Accountancy and Business Consultancy Limited Morley’s Cottage Morley’s Yard Walkergate Beverley HU17 9BY Date:
4
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Report of the Board of Trustees (incorporating the Directors’ Report) for the year ended 31 March 2022**
The Trustees present their report with the financial statements of the company for the year ended 31 March 2022.
## Directors and Trustees:
The directors of the charitable company (the charity) are its Trustees for the purpose as charity law throughout this report and collectively referred to as Trustees. The Trustees for the year are named on page 3.
## Day to day management of the charity
Management of the business during the year was undertaken by Victoria Hartung (Chair) and Graeme Bassett (Secretary) acting under delegated authority.
## **Structure, Governance and Management**
## Governing document:
Great Grimsby Ice Factory Trust is a registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association adopted on 14 March 2012 and amended by special resolution on 18 April 2012.
Every member of the Charity undertakes to contribute a maximum of £10 in the event of the charity winding up.
## Recruitment and appointment Trustees
The Trustees are elected by the membership at the AGM.
The Articles of Association state that the number of trustees must not be less than three but not more than ten.
## Organisational structure:
The board of trustees manages the Trust, and aims to consider only strategic decisions at its meetings. Trustees are aware that any conflicts of interest are declared and minuted.
The board of trustees meets not less than four times per year.
Management of ongoing matters such as the Peterson’s Project is led by Victoria Hartung, with support from other board members as appropriate, according to their individual skill sets.
5
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Report of the Board of Trustees (incorporating the Directors’ Report) for the year ended 31 March 2022**
## Risk Management:
The board regularly reviews and manages the charity’s specific significant risks and the effect of
## Objective and Activities
As set out in the Memorandum of Articles, the Trust’s objectives are:
To preserve for the benefit of the public, the historical, architectural and constructional heritage that may exist in and around Grimsby, Cleethorpes or North East Lincolnshire of particular Beauty or historical, architectural or constructional interest in particular the Grimsby Ice Factory and to advance education of the public in the history and heritage of the Ice Factory.
Main objectives for the following year:
- Continue with work on www.thekasbah.co.uk, aiming to launch the website in June 2021.
- Continue with plans for the delivery of the Peterson’s project, bringing back into use a listed smokehouse and one additional commercial building in the Kasbah on Grimsby Docks.
## **Achievements and Performance**
## Review of activities 2021 - 2022
The Great Grimsby Ice Factory Trust community board of trustees are satisfied, having reviewed the business, that in the past twelve month’s period (April 2021 - March 2022):
- Our work has reflected our aims.
- Our resources are well managed.
- The public were satisfies with the service they received.
## Summary of the main achievements of the Trust during the year:
The following is a summary of the main activities provided, enabled or supported by the Trustees having paid due regard to the guidance on public benefit issued by the Charity Commission.
The Trust have successfully:
- Launched www.thekasbah.co.uk website,
- Begun the Delivery phase of the Peterson’s Project
6
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Report of the Board of Trustees (incorporating the Directors’ Report) for the year ended 31 March 2022**
## **Financial Review**
## Reserves Policy
In line with our policy, all reserves will be carried forward to sustain the Trust in future years and to allow expansion of the activities which the Trust supports and cares for. Trustees look forward to the completion of construction works on the buildings, which will then be sub-let at market rents. Reserves will be retained from rents received to cope with ongoing maintenance of the buildings.
## Principal Funding Sources
Our principle funding sources for the year under review were as follows:
- National Lottery Heritage Fund £45,021.44
- Architectural Heritage Fund £18,688.00
- Hull City Council £3,800
## Loans
During the year the Charity received a loan of £50,000 from the Architectural Heritage Fund.
## **Plans for future periods**
- Complete the Peterson’s Project, secure sub-tenants, and employ administrative help.
- Continue to update and expand information on the kasbah website
- Continue to work in partnership with Associated British Ports, North East Lincolnshire Council and Historic England to promote the regeneration of the Kasbah Conservation Area.
## **Statement of disclosure of information to independent examiner**
We, the Directors of the Company who held office at the date of approval of these financial statements, confirm so far as we are aware, that:
1. There is no relevant information of which the company’s independent examiner is unaware; and
2. We have taken all the steps as required of us as directors in order to make ourselves aware of all relevant information expected of us and to establish that the company’s independent examiner is aware of that information.
7
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Report of the Board of Trustees (incorporating the Directors’ Report) for the year ended 31 March 2022**
## **Statement of directors’ responsibilities**
The charity Trustees (who are also the directors of Great Grimsby Ice Factory Trust for the purposes of company law) are responsible for preparing a Trustees ’Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Independent Examiner**
Katie Sauvage FCCA, Phoenix Accountancy and Business Consultancy (a subsidiary of East Riding Voluntary Action Services (ERVAS) Ltd) has been appointed as independent examiner for the current year.
## **Small company provisions**
This report has been prepared in accordance with the special provisions of part 15 of the companies Act 2006
8
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Report of the Board of Trustees (incorporating the Directors’ Report) for the year ended 31 March 2022**
## **Statement of Recommended Practice**
The accounts comply with the Charities SORP (FRS102) ‘Accounting and reporting by charities ’ 2019.
By order of the board
Victoria Hartung, chairman Trustee/Director
Date:
9
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Income and Expenditure Account for the year ended 31 March 2022**
|Note
INCOME
3&4
EXPENDITURE
5
OPERATING (DEFICIT)/SURPLUS
7
INVESTMENT INCOME
(DEFICIT)/SURPLUS FOR THE YEAR
RESERVES BROUGHT FORWARD
10
RESERVES CARRIED FORWARD
10|**2022**
£
67,518
(70,446)
(2,928)
-
(2,928)
9,604
6,676|**2021**
£
12,558
(5,528)|
|---|---|---|
|||7,030
-|
|||7,030
2,574
9,604|
Total income (including investment income) of £67,518 (2021: £12,558) comprises £9 (2021: £58) for unrestricted funds and £67,509 (2021: £12,500) for restricted funds. A detailed analysis of income by source is provided in the statement of financial activities.
The deficit for the year of £2,928 (2021: surplus £7,030) comprises a deficit of £426 (2021: deficit £220) for unrestricted funds and a deficit of £2,502 (2021: surplus £7,250) for restricted funds as shown in the Statement of Financial Activities.
There are no recognised gains and losses other than those passing through the income and expenditure accounts. The income and expenditure account has been prepared on the basis that all operations are continuing operations.
The notes on pages 15 to 23 form part of these financial statements.
10
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Statement of Financial Activities for the year ended 31 March 2022**
|Note
**Income**
Donations, Grants and Legacies
3
Income from Charitable Activities
4
**Total Income**
**Expenditure**
Expenditure on Charitable Activities
5
**Total Expenditure**
**Net movement in funds**
Funds brought forward at 01 April
10
**Funds carried forward 31 March**
10|**2022**
**Unrestricted**
**Funds**
**£**
**2022**
**Restricted**
**Funds**
**£**
**2022**
**Total**
**Funds**
**£**
**2021**
**Unrestricted**
**Funds**
**£**
**2021**
**Restricted**
**Funds**
**£**
**2021**
**Total**
**Funds**
**£**
9
67,509
67,518
50
12,500
12,550
-
-
-
8
-
8|
|---|---|
||**9**
**67,509**
**67,518**
**58**
**12,500**
**12,558**|
||435
70,011
70,446
278
5,250
5,528|
||**435**
**70,011**
**70,446**
**278**
**5,250**
**5,528**|
||**(426)**
**(2,502)**
**(2,928)**
**(220)**
**7,250**
**7,030**
2,354
7,250
9,604
2,574
-
2,574
**1,928**
**4,748**
**6,676**
**2,354**
**7,250**
**9,604**|
The notes on pages 15 to 23 form part of these financial statements.
11
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Balance Sheet as at 31 March 2022**
|Note
**Fixed assets**
Tangible assets
**Current assets**
Debtors & Prepayments
8
Cash at bank and in hand
**_Total current assets_**
Liabilities: amounts falling due within one year
9
Liabilities: amounts falling due within five years
**_Total liabilities_**
**Net current assets**
Total assets less current liabilities
Funds of the Charity:
Unrestricted Funds
10
Restricted Funds
10
**Total Funds**
10|**2022**
**Unrestricted**
**Funds**
**£**
**2022**
**Restricted**
**Funds**
**£**
**2022**
**Total**
**Funds**
**£**
**2021**
**Unrestricted**
**Funds**
**£**
**2021**
**Restricted**
**Funds**
**£**
**2021**
**Total**
**Funds**
**£**
-
-
-
-
-
-
63
4,043
4,106
-
2,500
2,500
51,865
1,305
53,170
15,454
4,750
20,204|
|---|---|
||51,928
5,348
57,276
15,454
7,250
22,704
-
(600)
(600)
(13,100)
-
(13,100)
(50,000)
-
(50,000)
-
-
-|
||(50,000)
(600)
(50,600)
(13,100)
-
(13,100)|
||1,928
4,748
6,676
2,354
7,250
9,604|
||1,928
4,748
6,676
2,354
7,250
9,604|
||1,928
-
1,928
2,354
-
2,354
-
4,748
4,748
-
7,250
7,250
**1,928**
**4,748**
**6,676**
**2,354**
**7,250**
**9,604**|
12
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Balance Sheet (continued) as at 31 March 2022**
- 1) For the year ended 31 March 2022 the company was entitled to exemption under section 477 (2) of the Companies Act 2006.
- 2) Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006;
- 3) The directors acknowledge their responsibility for:
- i) ensuring the company keeps accounting records which comply with section 386; and
- ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the companies Act relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) for Smaller Entities (effective April 2008).
The financial statements were approved by the Board on ____________________and signed on its behalf by:
_________________________________Victoria Hartung, Director/Chair
The notes on pages 15 to 23 form part of these financial statements.
13
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
**Statement of Cash Flows For the year ending 31 March 2022**
|Notes
**Net Movement in Funds**
Add back Loan Fee shown in investing activities
Decrease/(increase) in debtors
8
Increase/(decrease) in creditors
9
**Net cash used in operating activities**
**Cash flows from investing activities**
Interest income
**Cash provided by (used in) investing activities**
**Cash flows from financing activities**
Loan from Director
9
Loan from Peterson’s Develop
Loan fee Architectural Heritage Fund
**Cash provided by (used in) financing activities**
Increase/(decrease) in cash and cash equivalents at the beginning of the year
cash and cash equivalents at the start of the year
**Total cash and cash equivalents at the end of the year**|**2022**
**2021**
**£**
**£**
**(2,928)**
**7,030**
-
1,750
(1,606)
(2,500)
-
-|
|---|---|
||**(4,534)**
**6,280**|
||-
-|
||**-**
**-**
-
(12,500)
12,500
50,000
-
-
(1,750)|
||**37,500**
**10,750**|
||32,966
17,030
20,204
3,174
**53,170**
**20,204**|
The notes on pages 15 to 23 form part of these financial statements
14
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
**Notes to the financial Statements For the year ended 31 March 2022**
## **1. Accounting policies**
## **1.1. Accounting convention**
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1[st] January 2019) – (Charities SORP (FRS102)), the financial reposting standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Great Grimsby Ice Factory Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2. Company Status**
The charity is a company limited by guarantee. The members of the company are the directors named on page 3.
## **1.3. Going Concern**
The Trustees consider the Charity to be a going concern. The accounts have been prepared on this basis.
## **1.4. Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
15
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
## **1.5. Fund accounting**
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. Restricted funds are accounted for separately to each other and to the core funding of the Company.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **1.6. Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: ● Expenditure on charitable activities includes the costs of all activities
undertaken to further the purposes of the charity and their associated support
costs.
The Charity is VAT registered, any irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.7. Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and governance costs which support the Charities activities.
All activities undertaken by the Charity are in furtherance of the charitable objects therefore all support costs have been allocated to charitable activities. A full breakdown of all costs related to Charitable Activities has been provided in Note 5.
## **1.8. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.
16
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
## **1.9. Operating leases**
Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred.
## **1.10. Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.11. Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.12. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **2. Income and Expenditure Account**
The Company is a charity and so achievements cannot be measured by normal commercial criteria. Accordingly, the Directors consider that it would be inappropriate to present a Profit and Loss Account in one of the formats set out by the Companies Act 2016. Therefore, as permitted by the Companies Act, in order to reflect the special nature of the company’s activities, the Directors are of the opinion that it would be more appropriate to present an Income and Expenditure Account.
17
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
## **3. Grants & Donations and similar incoming resources**
|**Grants:**
The Architectural Heritage Fund
National Lottery Heritage Fund
Hull County Council
General Donations
**come from Charitable Activities**
Sales of Books & DVD’s|2022
2022
2022
2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
£
£
-
18,688
18,688
-
2,500
2,500
-
45,021
45,021
-
10,000
10,000
-
3,800
3,800
-
67,509
67,509
-
12,500
12,500
9
-
9
50
-
50
**9**
**67,509**
**67,518**
**50**
**12,500**
**12,550**
2022
2022
2022
2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
£
£
-
-
-
8
-
8
**-**
**-**
**-**
**8**
**-**
**8**|
|---|---|
## **4. Income from Charitable Activities**
18
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
## **5. Expenditure on Charitable Activities**
|Professional fees
General Office Expenses
Subscriptions
Advertising
Bank Charges
Insurance
Interest Payable
Independent Examination|2022
2022
2022
2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
£
£
165
63,305
63,470
-
4,650
4,650
-
211
211
-
-
-
159
114
273
133
-
133
96
-
96
145
-
145
15
-
15
-
-
-
-
3,914
3,914
-
-
-
-
1,867
1,867
-
-
-
-
600
600
-
600
600
**435**
**70,011**
**70,356**
**278**
**5,250**
**5,528**|
|---|---|
## **6. Taxation**
In accordance with Paragraph 1 of Schedule 6 Finance Act 2010, the charity is a charity for tax purposes and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates **.**
## **7. Operating Deficit**
The operating (deficit)/surplus is arrived at after charging:
||Total|Total|
|---|---|---|
||2022|2021|
||£|£|
|Annual Accounts Fees|600|600|
19
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
**Notes to the financial Statements For the year ended 31 March 2022**
## **8. Debtors**
|Accrued Income (funding claimed in arrears)
Prepayments
HMRC VAT|Total
2022
£
Total
2021
£
-
2,500
4,043
-
63
-
**4,106**
**2,500**|
|---|---|
## **9. Liabilities**
## **Creditors: Amounts falling due within one year**
|Trade Creditors
Loan from Director
Accruals and Deferred Income
**editors: Amounts falling due within five years**
Other Loans|Total
2022
£
Total
2021
£
-
-
-
12,500
600
600
**600**
**13,100**|
|---|---|
||Total
2022
£
Total
2021
£
50,000
-
**50,000**
**-**|
## **Creditors: Amounts falling due within five years**
20
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
## **10. Accumulated Funds**
|Opening Balance at 01 April
Movement in funds
Closing Balance at 31 March
**nalysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities|**2022**
**Unrestricted**
**Funds**
**£**
**2022**
**Restricted**
**Funds**
**£**
**2022**
**Total**
**Funds**
**£**
**2021**
**Unrestricted**
**Funds**
**£**
**2021**
**Restricted**
**Funds**
**£**
**2021**
**Total**
**Funds**
**£**
2,354
7,250
9,604
2,574
-
2,574
(426)
(2,502)
(2,928)
(220)
7,250
7,030
**1,928**
**4,748**
**6,676**
**2,354**
**7,250**
**9,604**
**2022**
**Unrestricted**
**Funds**
**£**
**2022**
**Restricted**
**Funds**
**£**
**2022**
**Total**
**Funds**
**£**
**2021**
**Unrestricted**
**Funds**
**£**
**2021**
**Restricted**
**Funds**
**£**
**2021**
**Total**
**Funds**
**£**
-
-
-
-
-
-
51,928
5,348
57,276
15,454
7,250
22,704
(50,000)
(600)
(50,600)
(13,100)
-
(13,100)
**1,928**
**4,748**
**6,676**
**2,354**
**7,250**
**9,604**|
|---|---|
## **Analysis of net assets between funds**
21
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
## **Notes to the financial Statements For the year ended 31 March 2022**
**10. Accumulated Funds (continued)**
|**Restricted funds**
National Lottery Heritage Fund - Peterson’s Project
Architectural Heritage Fund -Peterson’s Delivery
Hull County Council
thekasbah.co.uk|**Balance**
**01/04/21**
**Incoming**
**Outgoing**
**Fund**
**Transfers**
**Balance**
**31/03/22**
-
45,021
-
(41,523)
3,498
-
18,688
(60,211)
41,523
-
-
3,800
(3,800)
-
-
7,250
-
(6,000)
-
1,250|
|---|---|
||**7,250**
**67,509**
**(70,011)**
**-**
**4,748**|
A brief description of the Restricted Funds are given below:
**Peterson’s Project –** This relates to two Historical buildings on Grimsby Dock (Peterson’s Smokehouse & Building 89) which have been in disrepair for many years. The Great Grimsby Ice Factory Trust have agreed a 99 year lease with Associated British Ports (ABP).
Funding has been approved form the National Lottery Heritage Fund and the Architectural Heritage Fund, repairs are due to take place during 2021. This funding is received in arrears upon submission of claim forms, a debtor is recorded for expenditure made and not yet claimed.
**www.thekasbah.co.uk** – Restricted funding was received from the National Lottery Heritage Fund to develop a digital project regarding The Kasbah to engage people in Heritage and the commercial potential of the historic buildings. The layout and landscape of docks, quays, transport systems and collection of specialised building types found in the Kasbah forms the most important, surviving representation of industrial scale fishing trade in England (Matthew Whitfield, 2009). The Kasbah also forms an important part of the setting of the grade I listed Dock Tower, and the grade II* listed Ice Factory.
## **11. Directors/Trustees remuneration**
No remuneration directly or indirectly out of the funds of the charitable company was paid or payable for the year to any Director. There was no reimbursement of travel and subsistence expenses made to Directors (2021: nil) in respect of the year.
22
Company Number: 07990488 Charity Number: 1146988
GREAT GRIMSBY ICE FACTORY TRUST
**Notes to the financial Statements For the year ended 31 March 2022**
## **12. Related Party Transactions**
During the year a loan of £15,000 was repaid to the director, £2,500 lent during this year and £12,500 lent to the company in 2021. There are no outstanding loans owed to the Directors at the year end.
## **13. Other recognised gains and losses**
There were no other recognised gains or losses
## **14. Members**
The liability of the members is limited.
Every member of the Company undertakes to contribute such amount as may be required, not exceeding £10, to the Company’s assets if it should be wound up while he or she is a member, or within one year after he or she ceases to be a member for payment of the Company’s debts and liabilities contracted before he or she ceases to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves.
If the Company is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property, it shall not be paid to or distributed among the members of the Company but shall be given or transferred to some other charity or charities having similar objects to the objects of the Company.
## **15. Going Concern**
The Trustees consider the Company to be a going concern for a period of 12 months beyond the date of the Independent Examiners report.
Funding for the next stage of the Peterson’s Project has been agreed and we look forward to the exciting opportunities that this will bring for both the charity and the communities we work with.
23