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||||||||||
|---|---|---|---|---|---|---|---|---|
|(incorporat|ing|Income an|d Expendi|ture|Account)||||
|||Note|Un-restricted|Restricted||Designated|Total|Total|
||||Funds|Funds||Funds|2023|2022|
||||f|E||E|E|f|
|Income and endowments|||||||||
|from:|||||||||
|Donations
and|legacies||103,360|376,152|||479,512|694,955|
|Activities for generating|||107,214||||107,214|124,876|
|funds|||||||||
|Investments|||47,664||||47,664|42,847|
|Total|||258,238|376,152|||634,390|862,678|
|Expenditure
on:|||||||||
|Raising funds|||||||||
|Fundraising
and other costs|||123,343||||123,343|129,813|
|Investment
management|||16,712||||16,712|17,265|
|costs|||||||||
|Charitable
activities|||||||||
|Direct costs|||117,549|406,965||87,766|612,280|688,088|
|Support costs|||22,367||||22,367|13,678|
|Governance
costs|||||||||
|Direct costs|||4,252||||4,252|4,200|
|Support costs|||19,171||||19,171|11,724|
|Total resources|expended||303,394|406,965||87,766|798,125|864,768|
|Operating|||(45,156)|(30,813)||(87,766)|(163,735)|(2,089)|
|income/(expenditure)|||||||||
|Transfers||||27,628||(27,628)|||
|Gain/(loss)
revaluation||of|(143,166)||||(143,166)|85,590|
|investment|||||||||
|Net income/(expenditure)|||(188,322)|(3,185)||(115,394)|(306,901)|83,501|
|Other recognised|gains/losses||||||||
|Gain on disposal|offixed|||22,487|||22,487|42,796|
|assets|||||||||
|Net movement|in funds||(188,322)|19,302||(115,394)|(284,414)|126,297|
|Reconciliation|offunds||||||||
|Funds balances|b/fwd at 1st||2,231,994|161,046||358,986|2,752,026|2,625,729|
|April 2022|||||||||
|Fund balances c/fwd at
March 2023||31st|2,043,672|180,348||243,592|2,467,612|2,752,026|
##
##
##
||||Note|Un-restricted|Restricted|Designated|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds||2022|2021|
||||||E||f|E|E|
|Income and endowments||||||||||
|from:||||||||||
|Donations
and legacies|||3|243,885|451,070|||694,955|843,418|
|Activities for generating||funds|4|124,876||||124,876|35,997|
|Investments|||5|42,847||||42 847|77215|
|Total||||411608|451070|||862,678|956,631|
|Expenditure
on:||||||||||
|Raising funds||||||||||
|Fundraising
and other costs||||129,813||||129,813|92,618|
|Investment
management||||17,265||||17,265|15,678|
|costs||||||||||
|Charitable
activities||||||||||
|Direct costs||||174,133|467,727||46,228|688,088|866,257|
|Support costs||||13,678||||13678|14400|
|Governance
costs||||||||||
|Direct costs||||4,200||||4,200|3,926|
|Support costs||||11,724||||11,724|12,343|
|Total resources expended||||350,813|467,727||46,228|864,768|1,005,221|
|Operating||||60,796|(16,657)|(46,228)||(2,089)|(48,591)|
|income/(expenditure)||||||||||
|Gain/(loss)
revaluation||of||85,590||||85,590|334,424|
|investment||||||||||
|Net income/(expenditure)||||146,386|(16,657)|(46,228)||83,501|285,833|
|Other recognised|gains/losses|||||||||
|Gain on disposal offixed||assets||42,796||||42,796||
|Net movement
in|funds|||189,182|(16,657)|(46,228)||126,297|285,833|
|Reconciliation
of|funds|||||||||
|Funds balances
b/f at 1st April||||2,042,812|177,703|405,214||2,625,729|2,339,896|
|2021||||||||||
|Fund balances c/f|at 31stMarch|||2,231,994|161,046|358,986||2,752,026|2,625,729|
|2022||||||||||
|Page(21
Charity|Number: 224505 A|||company
limited|by guarantee||registered|no. 159673||
##
##
##
||||2023|2022||Note|
|---|---|---|---|---|---|---|
|Cash flows from operating
activities:|||(148,797)|125,728||Table A|
|Cashflows from investing
activities:|||||||
|Dividends
from investments|||47,664|42,847|||
|Proceeds from the sale of property,
plant &equipment|||28,483|48,806|||
|Payments to acquire investments|||60,000||||
|Purchase of property,
plant and equipment|||(107,800)||||
|Net cash provided
by/(used
in) investing|activities||28,347|91,653|||
|Change
in cash and cash equivalents
in the reporting|||(120,450)|217,381|||
|period|||||||
|Cash and cash equivalents
at the start ofthe reporting|||107,401|(109,980)||Table 8|
|period|||||||
|Cash and cash equivalents
at the end of
period|the reporting||(13,049)|107,401|||
|Table A: Reconciliation
ofnet income/(expenditure)||to net|cash flow from operating||activities||
||||2023|2022|||
||||6||6||
|Net income/(expenditure)
for the reporting|||(284,414)|||126,297|
|period (as per the statement
offinancial|||||||
|activities)|||||||
|Adjustments
for:|||||||
|Depreciation
charges|||53,194|||48,881|
|Profit on sale offixed assets|||(22,487)|||(42,796)|
|(Gains)/losses
on investments|||159,792|||(68,329)|
|Dividend s, interest and rents from investments|||(47,664)|||(42,847)|
|Increase/(decrease)
in debtors|||75,832|||45,289|
|Increase/(decrease)in
creditors|||(83,050)|||59,233|
|Net cash provided
by/(used
in) operating
activities
Table 8:Analysis ofnet debt, cash and cash equivalents|||(148,797)|||125,728|
||||2023||2022||
|Cash in hand|||10,362||107,401||
|Overdraft
facility repayable
on demand|||(23,411)||||
|Total cash and cash equivalents|||(13,049)||107,401||
##
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##
##
##
##
|offinancial
ac|tivities or|balance sh|eet as in|curred.||||
|---|---|---|---|---|---|---|---|
|3).DOnatiOnS and
legacies|un-
restricted|Restricted|E|2023
E|un-
restricted
E|Restricted
E|2022
E|
|Seafarers
UK||70,000||70,000||70,000|70,000|
|Trinity House||78,200||78,200||65,935|65,935|
|Royal Navy Royal
Mannes Chanty||165,000||165,000||239,000|239,000|
|Merchant
Navy||5,796||5,796||5,730|5,730|
|Welfare Board||||||||
|Fishermen's
Mission||||||30,360|30,360|
|200 Business Club||15,997||15,997||25,585|25,585|
|John Landsdown|30,000|||30,000||||
|Covenants,|63,088|41,160||104,247|40,515|14,460|54,975|
|donations
and trusts||||||||
|Legacies|10,272|||10,272|203,370||203,370|
|Total|103,360|376,152||479,512|243,885|451,070|694,955|
##
##
##
##
|Notes to the Financial|Statement|s|Year End|ed 31"|March 2023|||
|---|---|---|---|---|---|---|---|
|4).
Charitable
activities|Unrestricted|f|Restricted
f||2023
f|(All|2022
Unrestricted)
f|
|Fundraising:||||||||
|Special events|103,089||||103,089||123,487|
|Continuous
activities|4,125||||4,125||1,389|
|Total|107,214||||107,214||124,876|
|5).Investments
Unrestricted||f|Restricted
f||2023f||2022
f|
|Dividends
received|47,664||||47,664||42,847|
|Total|47,664||||47,664||42,847|
|6a).Total resources expended
Costsdirectlyallocatedto|allocatioo|Fundraising||Reliefto
Seafarers
Families|Governance|f|2022f|
|activities||||||||
|Monthly
grants to families|Direct|||209,313||209,313|243,388|
|Clothing grants|Direct|||54,880||54,880|63,485|
|Christmas grants|Direct|||||||
|Special grants|Direct|||69,071||69,071|107,077|
|Home computers|Direct|||13,952||13,952|12,819|
|Family holiday scheme||||||||
|Holiday grants|Drrect|||12,000||12,000|9,560|
|Caravan
running
costs||||114,441||114,441|98,153|
|Salaries and redundancy|Direct||53,587|119,248||172,834|203,635|
|Administration
and event|Direct||47,389|19,374|4,252|71,016|70,307|
|costs||||||||
|Sub total|||100,976|612,280|4,252|717,508|808,423|
|Support costs allocated to||||||||
|activities||||||||
|Basis ofallocation|||35%|35%|30%|||
|General office and finance|Staff||22,367|22,367|19,171|63,905|39,079|
||time|||||||
|Total|||22,367|22,367|19,171|63,905|39,079|
|Investment
management||||||16,712|17,265|
|fees||||||||
|||||||798,125|864,768|
##
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||Number|Number|
|Fundraising||||1.4|1.7|
|Relief for seafarers'||families||3.0|3.8|
|Administration||||0.4|0.3|
|Tota I||||4.8|5.8|
|Actual average|monthly||number ofstaff|5.0|7.0|
|The aggregate|payroll costs in respect ofthese employees|were as follows:||
|---|---|---|---|
||2023||2022|
|Wages and Salaries||172,984|204,454|
|Social security||11,419|13,650|
|Pension costs||8,463|10,217|
|Total||192,866|228,322|
##
##
##
||||2023|||2022|
|---|---|---|---|---|---|---|
|Plant|and equipment||2,165|||5,969|
|9).Net incoming resources for the year|||||||
|This is stated after charging:|||||||
||||2023|||2022|
|Auditors'
remuneration:|||||||
|Audit|||3,500|||3,500|
|Advice|||||||
|Depreciation|||53,194|||48,881|
|10).interest payable||and similar charges|||||
||||2023|||2022|
|Bank Overdraft||||473||562|
|11).Tangible assets|||||||
||||Caravans|Fixtures||Total|
|||||&|||
|||||Fittings|||
||Cost (valuation)||||||
||At 1st April 2022||331,959|53,038||384,997|
||Additions||107,183||617|107,800|
||Disposals||(37,471)|||(37,471)|
||At 31st March 2023||401,671|53,655||455,326|
||Depreciation||||||
||At 1st April 2022||205,989|32,501||238,490|
||Provided
during the year||46,810|6,384||53,194|
||Disposals||(31,476)|||(31,476)|
||At 31st March 2023||221,323|38,885||260,208|
||Net book value||||||
||At 31st March 2022||125,970|20,537||146,507|
||At 31stMarch 2023||180,348|14,770||195,118|
##
##
##
|11).Tangible assets (continued)|11).Tangible assets (continued)||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The net book value at 31st March 2023 represents|||||fixed assets used for:||||||||||
|||||Caravans|||Fixturea
Fittings|R.||Total|||||
|Direct Charitable|Services||||||||||||||
|Family Holiday Scheme||||180,348||||||180,348|||||
|Other Purposes|||||||||||||||
|Administration||||||||14,770|||14,770||||
|The Society owns|the freehold|of St Nicholas||Primary||School and Stratten
Hall, currently||||||under|a 99||
|year peppercorn
rent lease to||Hull City Council||signed||10th October 2006. No balance||||is|recognised|||in|
|these accounts
due to the length ofthe lease||||remaining.|||||||||||
|12).Investments|||||||||||||||
|||||||||2023|||||||
|Market value at|1"April 2022||||||6
2,439,446||||||||
|Additions|||||||||||||||
|Disposals|||||||(60,000)||||||||
|Increase/(decrease)
in value
Market value at31"March||for the year
2023|||||(159,793)
2,219,653||||||||
|All the investments|are listed investments||and|can|be|split as follows:|||||||||
||||||||2023||||||||
||||||||6||||||||
|UK fixed interest||||||||372,998|||||||
|Alternative
investments||||||||396,603|||||||
|Over seas index|linked|||||||60,815|||||||
|UK equities||||||||378,598|||||||
|Other equities||||||||912,486|||||||
|Cash||||||||98,153|||||||
|Total|||||||2,219,653||||||||
|Post year end the|charity has|commenced|transferring||||investments|into|||||||
|lower risk cash deposits.|||||||||||||||
|13).Debtors|||||||||||||||
|||||||||2023|2022||||||
|Amounts falling due within ane year|||||||||||||||
|Other debtors||||||||14,585||||3,231|||
|Prepayments
and|accrued income|||||||74,325||||143,934|||
|Legacies||||||||||||17,575|||
|Total debtors||||||||88,909||||164,741|||
|Notes to the Financial Statements|Notes to the Financial Statements|Notes to the Financial Statements|Notes to the Financial Statements|Year Ended 31"March|2023||
|---|---|---|---|---|---|---|
|14).Creditors||||2023||2022|
|Bank overdraft|||||23,411||
|Trade creditors|||||6,280|89,690|
|Accruals and deferred||income|||10,933|8,234|
|Tax and social security|||||4,388|5,020|
|Other creditors|||||1,418|3,125|
|Total creditors|||||46,430|106,069|
|The bank overdraft|is repayable||on demand.||||
##
||||2022|2023|
|---|---|---|---|---|
|Not later than 1year|||2,165|2,604|
|Later than 1year|and not later|than 5|4,330|7,812|
|years16).Charitable|commitments||||
||||2023|2022|
|Brants to families|||347,217|426,769|
|Family holiday scheme|||126,441|107,713|
|17).Capital commitments|||2023|2022|
||||6|f|
|Contracted
for but|not provided|in these|||
|accounts|||||
|Outright
purchases||||78,700|
|Finance leases|||||
|Total||||78,700|
##
##
##
|18).Restricted|18).Restricted|Funds|Funds|Funds|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The income
funds|||of the||charity
include|||restricted||funds
comprising||||the|following||||unexpended||||
|balances|ofdonations|||and|grants
held to|||be applied for specific|||purposes:||||||||||||
||||||Balance
at 31st|||Incoming||Resources|Dispasal
on Fixed||||Transfers
from|||||Balance
at31st|||
||||||March||resources|||expended|Assets||||Designated
Funds|||||March|||
||||||2022|||||||||||||||2023|||
|||||||||||f||f||||f||||f|||
|Seafarers
UK||||||||70,000||(70,000)|||||||||||||
|Trinity House Landon||||||||78200||(78200)|||||||||||||
|Roya I Navy Roya I||||||||165,000||(165,000)|||||||||||||
|Marines|Charity||||||||||||||||||||||
|Donations||||||||41,160||(41,160)|||||||||||||
|Merchant
Navy Welfare||||||||5,796||(5,796)|||||||||||||
|Board|||||||||||||||||||||||
|Caravan|Appeal &200||||161,046|||15,997||(46,810)||22,487|||27,628|||||180,348|||
|Business|Club||||||||||||||||||||||
|Total|||||161,046|||376,152||(406,966)||22,487|||27,628|||||180,348|||
||||||Balance at||Incoming|||Resources|Disposal||||Transfers|||||Balance at|||
|||||||31e
March|Resources|||Expended||Assets|||from
Designated|||||31"|||
|||||||2021||||||||||Funds||||2022|||
|||||||||f||f||f||||||||f|||
|Seafarers|UK|||||||70,000||(70,000)|||||||||||||
|Trinity House London||||||||65,935||(65,935)|||||||||||||
|Royal Navy Royal||Marines||||||239,000||(239,000)|||||||||||||
|Charity|||||||||||||||||||||||
|Fishermen's
Mission||||||||30,360||(30,360)|||||||||||||
|Danations||||||||14,460||(14,460)|||||||||||||
|Merchant|Navy Welfare|||||||5,730||(5,730)|||||||||||||
|Board|||||||||||||||||||||||
|Caravan|Appeal &|200|||177,703|||25,585||(42,242)||||||||||161,046|||
|Business|Club||||||||||||||||||||||
|Total|||||177,703||451,070|||(467,727)||||-||||-||161,046|||
|Restricted|funds are||held in||the|main against the purchase ofcaravans||||||and||released||in|line|||with depreciation|||
|charge. Operating||restricted|||funds from donations||||and 190PC Appeal are used against||||||||||grants casts||for|the|
|families
in specific||geographical||||areas and for home||||computers.|The||200 Business||||Club|||was launched||in|
|November|2017 to||raise funds|||to replace||part of the existing|||fleet of|||caravans||fram||||when the|Society||
|celebrates|its 200th anniversary|||||in 2021. These funds||||are then released|||in|line with||the||depreciation|||charge.||
##
##
##
|Notes to the Financial|Notes to the Financial|Statements
Y|ear Ended 3|1"March|2023||
|---|---|---|---|---|---|---|
|19).Unrestricted|||||||
|Funds|||||||
|||Balance at 31st|Income|Expenditor|Transfer|Balance at 31st|
|||||e|||
|||March 2022||6|f|March 2023|
|Accumulated|fund:|2,231,994|258,238|(446,560)||2,043,672|
|general|||||||
|:designated||358,986||(87,766)|(27,628)|243,592|
|Total||2,590,980|258,238|(534,325)|(27,628)|2,287,264|
|||Balance at 31st|Income|Expenditu|Transfer|Balance at31st|
|||March 2021|f|fe||March 2022|
|||||6|||
|Accumulated|fund:|2,042,812|454,404|(265,223)||2,231,994|
|general|||||||
|:designated||405,214||(46,228)||358,986|
|Total||2,448,026|337,068|(25,549)||2,590,980|
|Funds balances at 31st March
represented
by:||2023 are|Unrestricted
Funds
6|Restricted
Funds
E|Designated
Funds
f|Total Fundsf|
|Tangible fixed|assets||14,770|180,348||195,118|
|Investments|||1,969,653||250,000|2,219,653|
|Current assets|||105,679||(6,408)|99,271|
|Creditors due|within one||(46,430)|||(46,430)|
|year|||||||
|Total|||2,043,672|180,348|243,592|2,467,612|
|Funds balances|at31st March|2022 are|Unrestricted
Funds|Restricted
Funds|Designated
Funds|Tota I Funds
6|
|represented
by:|||6|6|6||
|Tangible fixed|assets||20,537|125,970||146,507|
|Investments|||2,129,446||310,000|2,439,446|
|Current assets|||110,380|112,776|48,986|272,142|
|Creditors due|within one||(28,369)|(77,700)||(106,069)|
|year|||||||
|Total|||2,231,994|161,046|358,986|2,752,026|
##
##
##