GREAT YARMOUTH MUNICIPAL
CHARITIES
THE FISHERMEN'S HOSPITAL
CHARITY
ACCOUNTS
31 MARCH 2023

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
FOR THE YEAR ENDED 31 MARCH 2023
Index to the Accounts
Pagg
Report of the trustees
Accountants. report on the un8udlled accounts
Statement ol comprehensive income including income and expenditure account
ststement ol changes in reserves
Balance sheet
Statemenl ol cash flows
10
Notes lo the accounts
Detailed income and expenditure account
19

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees of The Fisherman Hospital Charity present their report and accounts for the year ended 31 March
2023.
Roference and Administration Information
Charity Name:
The Fishermen's Hospitsl Charity
Charity Registration Number..
256680
Regulator of Social Housing number: A3486
Registered office:
No. 8 Fishermen's Hospital
Church Plain
Great Yarmouth
Norfolk
NR30 1ND
Trustees-
Mrs P Hollis - Chairman
Rev P Paine - Vice Chairman
Mr J Holmes - Treasurer
Councillor K Robinson-Payne
Rev Canon S Ward
Ms P Darby-Lillle Iresigned 26 March 20231
Mrs P Linden {resigned 21 May 2022)
Councillor M Jeal
Councillor C Cordiner-Achenbach
Councillor D Hammond
Ms P Ashbourne
Clerk to the Trustees..
Mrs J Smilhson
Bankers..
Lloyds Bank
Market Place
Great Yarmouth
Norfolk
NR30 1 PA
Accountant..
Lovewell Blake LLP
Chartered Aecountanls
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OLB

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HCSPITAL CHARITY
REPORT OF THE TRUSTEES {CONTINUEOI
FOR THE YEAR ENDED 31 MARCH 2023
Objectives and activltles
The Charity owns and runs the fomier Fisherman's Hospital which consists of nine Ajmshouse Cottages on
Market Place. Great Yamoulh situated round a central couttyard. The whole property is a GraJe 1 listed building.
Public benefit
The Twstees have taken due regard lo the guidance published by the Charity Commissior on public benefit.
They considered the charity provides a public benefit through the provision of low cost housiig to the residents
of Great Yaimouth.
Achlevements and performance
The annual review of the weekly maintenance contribution was discussed at the November Maeling of Trustees.
and il was decided not to make an increase this year owing lo a ch8rge for gas introduction from 2023 per cottage
of £250.00 for 10 months. This was necessary as the cheapest now gas contract is £28.000 compared to under
£5,000 for 12 months previously. The war in Ukraine, caused by Russia, has affected world gas charges. The
Vice Chairman Reverend Peter Paine handled a difficult process as residents have had gas included for many
years. Electricity is still included.
Eight Gottages have been occupied until December 27th when our resident of 7 years wa? found dead. His
eyesight was very poor and general health deteriorating, and we were keeping 8 close eye or. the situation. The
wall had been replaced in the bedroom plus some intemal decoration and deep cleaning provided by Relief In
Need. We organised his funeral with his friend, which was taken by the Vice Chairman Revd. Peter Paine at the
Cremaloriurn and as he had saved money whilst on full benefits and has an estranged son a Solicitor has
implemented 'A Trace" and the son located. We are awaiting developments. This cotlage is having a new
bathroom owing to the poor state and the cotlage has been re-letfrom June 2023 to a widow who has connections
to the sea.
Heritage Open Days were again very successful and lots of visitors enjoyed seeing the collace (our Office) anij
learning a slice of local history. The event was organised by The Clerk, Chairman and Trusletss. William Booth.
who voluntarily continues to support with our website and finance. helped us obtain prior bookings for the talks.
st. Nicholas Priory children have given cards lo the residents of Christmas and Easter whicP they appreciated
as some have no close family and few friends.
Carol Singing in the Coutyard was enjoyed on a cold night, and we were pleased that the DeFuty Mayor, Penny
Carpenter, was able lo join us and stayed for Mulled Wine and Mince Pies.
The Front Elevation of the Fishemian's Hospital was Gompletely repaired and painted in Sep1ember. We have
received a Grant towards this from Great Yarmouth Borough Council Heritage Action. The brickwork above the
historic plaques has been repaired and again w8 have received a Grant. We have also been told that a repair to
a rotten window facing Temple Road from cottage number 4 plus a shed door will receive a C(￿trIbUtIon.
Car Parking in front of The Fishermen's Hospital is no longer on the radar for Traffic Vlardens and has
unfortunately been abused and caused problems with insufficienl parking available for residents. tradesmen. The
Cler1( and Chairman. Cars have been badly damaged. We are in contact with GYBC and are hoping for control
of this area.
The auinquennlal Survey took place ￿ September and roof tiles, deteriorating brickwork, damp in some cottages
elo. has been identified and needing allention and are on our"To Do. list.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achlevements andperformance (continued)
Two Community Trustees have resigned this year. Trustees are using a large room at the Town Hall for Meetings
owing to COVID-19.
Joanne organised and accompanied the Chalrman on talks on The Fishermen's Hospital tj Ladies Group in
the Lowestoft area which were greavy appreciated.
Joanne Smilhson, our Clerk. has once again given exemplary seNice to the trustees and scored highly at her
the second Appraisal. She has been advised lo claim fuel for her car when travelling Specifical￿ for Charty work.
A ieview of her pay is due.
COVID-19 is still around although life has become more normal. One resident of The Fisherm&n's Hospital, who
refused vaccinalion, reported suffering from COVIO-19. We were pleased that all, but one, of the residents all of
whom have had vaccinations did not report catching the Virus. The one who did catch il is Naiting for a triple
bypass operats'on which has been delayed by the NHS strikes.
The Clefk and Trustee Pat Ashbourne unfortunately went down with Covid during the Heritsge Open Days in
September 2022.
Flnancial revigw
Eight cottages were let, providing incorne of £45.021 12022.. £35,627). Expenditure for the year tot8lled £40,912
{2022.' £29,867) including repairs of £11,721 12022.. £10.083). After other income of £6,215 {2022.. £4,836) and
losses on the revaluation of investments of £3.96812022: gains of £13.6001 the charity generated net surplus for
the year of £6,357 {2022.. £24.196}.
Investment policy
It is the Trustees policy to invest the funds of the Charity, including the endowment fund. for long term capital
growth whilst also seeking an income 51ream as 8 contribution towards the running costs of the Charity. The
investments are held in COIF Income Shares, the Charinco Income Fund and COIF Accumulation units.
ReseNes policy
General Fund
The Charity recognises the need to have sufficient funds in reserve Teadily available as or coivertible into cash
to cover day to day expenditure. especially in the event that there 15 a reduction in weekty maintenance charge
income following the departure of residents pending new residents being appointed. It is the pol'cy of the Trustees
to spend available funds on the maintenance and repair of the Amshouse Cottages and they have no intention
lo build up a significant level of free reserves. Restricted funds are excluded from Resetves but the nature and
amount of any such funds may impact upon the Reserves Policy. This policy has been prepared while considering
the risks. such as general maintenance and the need to employ crats people sympathetic to thè fabric of a Grade
I listed building, constructed in 1702.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Financial revlew (contlnued)
Extraordinary Repair Fund
This restricted fund will be used for future major expenditure. Transfers will be rnade from the Income and
Expenditure Account. The fund is invested in accumulation shares and preferably in a Common Investment Fund.
11 can be drawn upon to meet major items of repair.
Cyclical Maintenance Fund
This designated fund, to which transfers are made from the Incorne and Expenditure Account. will be used to
meet maintenance costs occurring at ￿gUlar intetvals e.g. refurbishing kitchens and bathrooms. interior and
exterior redecoration and Ihe cost of professional fees such as for Quinquennial Inspections.
The stsrting point for calculating Reserves will normally be the tjnrestricted funds, however part of these may not
be readily available for spending and may be excluded from Reserves - tangible fixed assets. The Charity had
free reserves {unrestrlcted fund) as at 31 March 2023 amounting to £78,71512022'. £65,541).
The Charity also had reSe￿aS amounting to £6.669 12022- £6,124) in the Extraordinary Repair Fund and
£107,484 12022.. £110.808} in the Endowment Fund. The total net assets of the Charity amounted to £295.100
{2022.' £288,743}.
The Charity will consider the Almshouse Association's recommer¢ded minimum amounts br transfer to the
Extraordinary Repairs Fund and the Cyclical Maintenance Fund each year.
The level of reserves will be kept under review throughout the year by the Trustees.
Fr&ehold property
The freehold property was valued by Messrs Adreds, Ch8rtered Surveyors. on 19 September 2016, as a single
entity, on the basis of open market value with vacant possession at a figure of £500.000. The p'operty is included
in the balance sheet at a Gost of £102.232.
Value for Money
The Regulator of Social Housing IRSHI has published a value for money stsndard which mus-. be adhered lo by
Registered Providers. This includes the need lo publish nine measures in a standard form to enable comparison
across the sector, accepting that there will be variances associated with eaGh business's pOl￿￿eS. strategy and
focus.
VFM m8tric
1. Reinvestment %
2. New supply delivered {social houslng units Yol
3. New supply delivered Inon-social housing units %}
4. Gearing Vo
5. EBITA MRI interest Gover %
6. Headline social housing cost per unit £
7. 0?erating margin (social housing) /.
8. Operating margin loveralll Q
9. ROCE QA
2023
11.5
2022
(46.61
NIA
1,465
24.4
17.3
',34.6}
NIA
.260
29.6
22.8

GREAT YARMOUTH MUNICIPAL CHARMES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
FinanciTal rewiew (contlnued)
Govornance and Financlal Vlablllty
The Trustaas are committed lo achieviwJ good governanGe and being an effective provider ofservices. meeting
both regulatory codes and standards.
Plans for thg future
Th8 future activities will continue to be Ihe operation of Almshouse Collages.
Structure. Governance and Managernent
GoV￿ning instrument
The Charity is registered with the Charity Commission and the Regulator of Social Housing. It is administered by
Great Yarmouth Municipal Charities Trustees. The Charity is a member of the Housing Corporation Ombudsman
Scheme.
The Charity'Nas created by deed sealed on 11 January 1984. 11 incorporates the former Fishemien's Hospital
Charity which was administered by the Great Yarmouth Municipal Charities together with he CharFly of Mrs
Elizabeth Blennerhassett and the Charity known as Benjamin Jollys Gift, both of which were administered by the
Great Yarmouth Borough C¢JJncil.
Recruitment and appointment of commiltee members
The Trustee board should Gonsisl of gleven members, comprising one EX￿ffici0 Trusleq four Nominative
Trustees, and six C￿0P1ed Trustees. The Nominative Trustees are appointed by the Great )'armouth Borough
Council. The Co-opted Trvslees are those who through residence, occupation or employment, or olhenNise have
special knowledge of Great Yamiouth. Elections lake place annually al the Annual General M?eling. Al the date
of approval the board comprised eleven members as listed on page 1.
Organisational structure
The Municipal Charities are run by 8 group of volunteer Trustees. of which some belong to tho local council and
so may change due lo the outcome of a local election. As well as the volunteers there is a paid Clerk who
manages the paperwork and liaises with the accour)tants and local authority.
Risk assessmenl
The Trustees are aware of the Charity Commission recommendation to review the risks appli(xbla to the Charity
and this exercise was last reviewed in February 2019.
Related Parties
This charity B connected with Great Yamiouth Relief in Need. The two charities have commij) trustees and are
administered Gommonly at the same r￿IStered office. The only transaction belween the charities is the payment
of rent from Great Yarmouth Relief in Need to the charity for use of ils administrative facilitie>. The trustees do
not consider it appropriate to Gonsolidatè the results as the charities have dlfferent objectives.
Accountanls
Lovewell Blake LLP are willing to continue as accountants for the charity-
Signed on behalf of the Trustees on 4 September 2023.
Mr8 P Hollis
Rev P Paine

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
ACCOUNTANTS REPORT TO THE BOARD ON THE uNAUD￿ED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
We report on the accounts for the year ended 31 March 2023 set out on pages 7 to 18.
Respective responslbllltles of the Board and reporting accountant
The Board ofthe Registered Social Housing Provider is responsible for the preparation of the accounts, and they
consider that the Registered Social Housing Provider is exempl from an audit. It is our reSpO￿lbilitY to carry out
procedures designed to enable us to report our opinion.
Basis of opinion
Our procedures Gonsisted of comparing the accounts with the books of account kept by the Registered Social
Housing Provider and making such limited enquiries of the officers of the Registered Social Housing Provider as
we considered necessary for the purpose of this report. These pro¢edures provide the only as¢¥JranGe expressed
in our opinion.
Oplnion
In our opinion:
the accounts for year ended 31 March 2023 are in accordance with the accounting records kept by the
Regislered Social Housing Provider under paragraph 13512}lal of the Housing and Regeneration Act 2008".
having regard only lo, and on the basis of the information contained in the accounting recc)rds.'
the accounts comply with the requirements of the Charities Act 2011-
the Registered So¢ial Housing Provider has satisfied the conditions for exemption from an audit of the
accounts for the year ended 31 March 2023 specified in section 136161 of the Housingand Regeneration
Act 2008.,
the accounts comply with the requirements of Housing and Regeneration Act 2008 and the Accounting
Direction for private registered providers of social housing in England 2022.
Bankside 300
Pe8chman Way
Broadland Business Parl(
Norwich
Norfolk
NR7 OL8
Lovewell Blake LLP
Chartered Accountants
2910912023

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GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2023
Notes
2023
2022
FIXED ASSETS
Tangible
Investments
10
102,232
148483
102,232
152 451
250,715
254.683
CURRENT ASSETS
Sundry debtors
Cash al bank
12
1.167
42,208
1.109
29,972
- current account
deposit account
CURRENT LIABILITIES
Creditors
13
FUNDS
Unrestricted
Reslricled
Endowment
15
15
15
180,947
6,669
107 484
171.811
6,124
110808
Approved by the Trustees on 4 September 2023.
Mrs P Hollis
Rev P Paine
The notes set out on pages 10 to 17 form an integral part of these accounts.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
Notes
2023
2022
Net cash Inllow from
operating activitigs
17
9,701
7.894
Cash flow from Investing activitigs
Dividends received
Net cash flow from investing activities
Net In¢reas• in cash and cash equivalents
12.236
10.356
Cash and cash equivalents at l April 2022
Cash and cash equivalents at 31 March 2023
Cash and cash equivalents conslst of:
Cash at bank and in hand
The notes Set out on pages 10 to 17 form an integral part of these accounts.
10

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng Policies
The principal accounting policies adopted, jud9ements and key sources of estimation uncertainty in the
Preparation of the financial stalernents are as follows=
(al Basis of Accounting
The accounts have been wepared in accordance with applicable accounting standards including
the Financial Reporting Standard applicable in the United Kingéom and Republic of Ireland {FRS
1021, the Stslement of Recommended Practice for Social Housing Providers 2018. and with the
Accountlng Dlrection for Private Registered Providers of Social Housing in Englaid 2022.
The accoLtnts have also been prepared under the requirements of the Housing and Regeneration
Act 2008. The accounts have been prepared on 8 going concern basis under historical cost
convention. ex¢ept for the revaluation of investment assets.
The charity Gonstitutes a publlc benefit entity as defined by FRS 102.
Ibl G8n8ral Infomialion
The Fishern￿n'S Hospital Charity is an unincorporatetl charity and a private regislered Provider of
Social Housing in the United Kingdom. The address ofthe registered office is given in the refèrence
and administration information on page 1 of these accounts. The nature of the registered providers
operations and principal activilies are set out on page 2 of Ihese accounts.
(c) Fund accounts'ng
Unrestricted funds are 8v8ilable for use at the discretlcx) of the trustees in furtherarica ol the general
obj8clives of the charity.
Restricted funds are subjected lo restrictions on their expenditure imtx)sed by the donoi or through
the lems of an appeal. Revenuts and expenditure cannot be direclly set against reslrited reserves bul
is taken through the statement of comprehensive incomp and then a transfer to restricted reserves is
made as appropriate.
Endowment funds are those reserves which are only expendable In accordance wilh tha wishes ofthe
funder or regulatory body.
(dl Tumover
Tumover is measured at the fair value of the Considerati￿ received or receivable. The policies adopted
for the recognition of Iufnovtsr are as follows..
Turnover represents renlÈl and service charges income receivable in the year nel ol rent and service
charge losses from voids, revenue grants from the governrnenl (local aulhoriliesl.
11

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
{el Expnditure
Expenditure is reco9nised on an accrual basis as a liability is incurred. Expenditure ncludes any VAT
whieh cannot be fully recovered. and is reported as part of the expenditure to which il relates..
.Operating expenditure comprise those costs incurred by the charity in the deliV￿Y of ils activities
and setvices for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary lo support them.
Administration expenditure includes those costs assoeiated with meeting the administration and
stslutory requirements of Ihe charity and includes the a¢countanl fees and ci%ts linked lo the
strategic management of the charlty-
All costs are allocated befvjeen the expenditure categories of the Slatement ol Comprehensive
Income on a basis designed to refle¢t the use of the resource.
io
Investment income
Bank interest is included in the income alld expenditure account on an accruals basis. Dividends
are included in the income and expenditure account when they are received.
Ig) Fixed assets
Housing land and buildings
The trustees regard the building held by the Charity as an inalienable asset dueto being a Class
1 Listed building and thus no depreciation or amortisation charge is provided.
Equipment is depreciated 8t a rale of 1 Oyo slraighl line.
(h) Investmenl policy
Investments are included in the accounts at their market value at the year end.
Any surplus or deficit arisirrtJ on the revaluation or disposal of the investments is ¢￿dited or debited
to the Statement of Comprehensive Income.
Debtors and creditors receivable /p8yable wlthin one year
Debtors and creditors with not stated interest rale and receivable or payable wilhin one year are
recorded at transaction price. Any losse$ arising from impairment are recognisej in expenditure.
lil Cash at l)ank
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less.
{k) G￿ng concem
The financial statements have been prepared on a going concern basis, as the Tru51ees believe
that no material uncertainties exist. The Trustees have considered the level of fLnds held and the
expected level of income and ex￿ndituTe for 12 months from aulhorisins these financial
statements. The budgeted income and expenditure Is sufficient with the level ol reserves for the
charity to be able to continue as a going concern. The trustees have cons¢depd the Impact of
Covid-19 in making this assessment.
12

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDEO 31 MARCH 2023
Soclal Housing turnovgr and cost
2023
2022
Rents and utility contribution receivable
Expenditure
Operating surplus from Social Housing activities
Net surplus from Social Housing activities
Void losses
Not surplus
The net surplus Is stated after charging-_
2023
2022
Accountancy fees (excluding VAT)
Rèntal income
During the year the charity provided 812022.. 81 general housing accommodation units.
2023
2022
Rental and ulilily contribution income
(nel of voids of £1,33012022.' net of voids of £2.7561}
During the years ended 31 March 2023 and 2022 all rentsl income was unrestrided.
2023
Other Sncome
2022
Other income
Grants
Other donations
800
2.250
631
955
During the years ended 31 March 2023 and 2022 all olher income was unrestricted.
Analysis of operating expenditurg
Charltable Governance
actlvltles
¢osts
2023
2022
Rates
Repairs and construction
Insurance
Utslities
Cleaning
179
11,721
1,621
20,000
179
11.721
1.621
20.000
532
1.015
10.083
1,509
11,795
696
Durlng the years ended 31 March 2023 and 2022 all operating expenditure was unrestii¢ted.
13

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysis of adminl$tratlve expenditure
Charitable Governance
actlvltles
costs
2023
2022
Administration
Telephone
Accountants fee
Sundries
Membership
2.294
877
2,294
877
1,904
1.141
643
2,355
520
1,350
192
352
1,904
1.141
643
During the years ended 31 March 2023 and 2022 all adminislralive expenditure was uffestricted.
Interest receivable and slmllar Income
2023
2022
Dividends
During the years ended 31 March 2023 and 2022 all interest receivable and similar was unrestricted.
Trustees remuneration and expenses
The Trustees did not receive any remuneration and were not reimbursed expenses duriny the year. There
are no key management personnel as the charity does not have any employees.
The charity is managed by a selfemployed clerk, the cost of which was £2,028 (2022: £1,924) has been
included within administrative expenditure.
10. Tangible fixed assets
Freehold
Land &
buildings
Equlpment
Total
Cost
At 1 April 2022 and 31 March 2023
110516
Depreciation
At 1 ADril 2022 and at 31 March 2023
Net Book Value
Al 31 March 2023
Net Book Value
At 31 March 2022
All houslng properties are held for lettings purposes. The propety was valued by Messrs Aldreds,
Chartered Surveyors. on 19 September 2016. as a single entity, on the basis of open market value with
vacant possession at a figure of £500,000.
14

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO TNE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
11.
Investments
2023
2022
Market value as at 1 April 2022
Unrealised {lossl on revaluation
152.451
138,851
Market value as at 31 March 2023
Historic cost
The portfolio comprlses of the following listed investments..
Holdlng
Fund
Market Value
4,561.51 units
273.01 units
425.81 units
Charities Investment Fund Income Units
Charities Inv&%lment Fund Accumulation Units
Charinco Common Investment Fund
85.363
62,490
630
The fair value of listed investments has been determined by reference to the quoted priGe for idenlical
assets in an active market at the balance Sheet date.
12. Debtors
2023
2022
Other debtors
Prepayments and accrued income
626
541
602
507
13. Creditors: Amounts falling due wlthln one year
2023
2022
Accruals and deferred income
14. Taxatlon
The charity has no liability to income tax or capital gains tsx.
15

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 21 MARCH 2023
15. ReGonclliation of movement of funds
Year ende(J 31 March 2023
UnreslFl¢tÈd
Cyfjllcal Extraordlnary
General MaInt•n￿¢9
Ropalr
Fund
Fund$
Funds
Restricted
Endowment
Fund
Funds bfvd 1 April 2022 167.773
Surplus I (Deficill
for the year
Transfer be￿een funds
Revaluation of
Investment assets
4.038
6,124
110.808
288,743
22,046
18,8721
{11.7211
8.222
10,325
650
539
105
Funds thid 31 March 2023
Tangible Fixed Assets
Land and buildings
Laundry equipment
Investments
COIF Charities Investment
Fund14,561.51 units}
COIF Charities Investment
Fund1273.01 unitsl
Charinco Common Investment
Fund1425.810 units)
Current assets
Debtors
Bank account
Current liabilitie5
102.232
102,232
85,363
85.363
62,490
62,490
630
630
1,167
81,989
1.167
47.659
162.4901
6.039
22.121
Funds clftvd 31 March 2023
Year ended 31 March 2022
Unrostrlct•d
Cy¢ll¢al Extraordlnary
Gènefal Maintenancè
Repalr Endowmont
Fund
Funds
Fund5
Fund
R¢strfcted
Totsl
Funds bmwd fj April 2021
Surplus I (Deficill
for the year
Transfer between funds
Revaluation of
Investment assets
147,744
7,534
5.536
103.733
264,54T
20.879
{6501
{10,0831
650
87
13601)
Funds cthvd 31 March 2022
16

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
15. Reconcillation of movement in fvnds (contlnuèdl
Year ended 31 March 2022 Icontinuedl
Unrestrlcted
R￿trIcted
Cycllcal Extraordlnary
General Malni•nahCè
R¢palr Endowment
Fun+J
Funds
Funds
Fund
Totsl
Tangible Fixed Assets
Land and buildings
Laundry equipment
Investments
COIF Charities Investment
Fund {4.561.51 unitsl
COIF Charits'es Investment
Fund {273.01 units)
Charinco Common Investmenl
Fund {425.810 unilsl
Current assets
Debtors
Bank account
Current liabilities
102.232
102.232
88,687
88,681
63.029
63,023
735
735
1,109
66,904
1,103
35,423
158.9911
5.389
22,121
Funds clfwd 31 March 2022
The purpose of the various funds are as follows:
To provide the necessary resources required by the Charity on a day to
day basis.
To meet maintenance occurring al regular intervals i.g. inlemal and
extemal redecoration and the cost of professional fges in respect of
quinquennial inspections. This fund is represented bi an investment
of 273.01 units in the COIF Charities Investrnenl Fund.
General Fund-
IUnreslricted}
Cydical Maintenance Fund..
IUnreslricted}
Extraordinary Repair Fund:
(Restricted)
This is a restricted fund under the terms of a Charilies Commission
Scheme and provides for luture major expenditure on repairs to the
property without prior consent of the Charity Commissioners
Endowment Fund..
(Restricted)
Represents the capital investments described in Note 11 enhanced by
unrealised gains on revaluation of investment assets to current market
value. The fund is not available to convert to expendable Income.
16. Relat•d party Iransactlons
The Trustees ofThe Fishermen's Hospital Charity are also the trustees of Great Yarmoulh Relief in Need.
Al 31 March 2023. Great Yarmouth Relief in Need owed to The Fishemien's Hospllal Charity £Nil12022..
£Nill. Great Yarmouth Relief in Need paid The Fishemien's Hospital Charlty £800 (2022.. £300} in
connection with rent payable.
17

GREATYARPIIOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED31 MARCH 2023
17. Reconciliatlon of operatlng surplus to cash flow from operatlng activities
2023
2022
Surplus for the year
Interest and dividends received
Loss l {Gainsl on investmer>l assets
Ilncrease} l Decrease in trade and other debtors
{Decr&asel l increase in trade and other creditors
8.357
(2.535)
3.968
(581
24.196
(2.462)
{13.600}
{101
230
Nol cash Inflow from operating actlvitios
18

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Incomg
Residents payments (including Housing Benefit)
Utility contributions
Grants
Investment dividends
Donations
other incom8
42.021
3,000
2.250
2.535
631
800
35.627
2.462
1.419
955
51,237
40,463
Expenditure
Property Expendlture
Rates
Insurance
Repairs and reconstruction
Utilities
Cleaning
179
1,621
11,721
20,000
532
1,015
1,509
10,083
11.795
696
Administrative Expanses
Administration
Telephone
Accountsncy
Sundries
Membership
2.294
877
1.904
1.141
643
2.355
520
1.350
192
352
Total Expenditure
Surplu$ belore revaluatlon of Investmgnt assgt$
19