GREAT YARMOUTH MUNICIPAL
CHARITIES
THE FISHERMEN'S HOSPITAL
CHARITY
ACCOUNTS
31 MARCH 2024

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
FOR THE YEAR ENDED 31 MARCH 2024
Index to the Accounts
Page
Report of the Iruslees
Accounlanls, report on the unaudited accounts
Statement of comprehensive income including income and expenditure account
statement of changes in reserves
Balancè sheet
Slalement of cash flows
10
Notes lo the accounts
Detsiled income and expenditure account
19

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustee5 of The Fisherrnan H05P¥tal Charity present their report and a¢¢ounls for the year ended 31 March
2024.
Reference and Admlnistration Information
Charity Name..
The Fishermen's Hospital Charity
Charity Registratlon Number:
256680
Regulator of Social Housing number- A3486
Registered offlce..
No. 8 Fishermen's Hospital
Church Plain
Great Yarmouth
Norfolk
NR30 1ND
Trustees:
Mrs P Hollis - Chaim)an
Rev P Paine- Vice Chairman
Mr J Holmes - Treasurer
Councillor K Robinson-Payne
Rev Canon S Ward
P Levers (appointed 4 September 20231
Councillor P Walers-Bunn (appointed 4 September 20231
Councillor M Jeal
Councillor C Cordiner-Achenbach Iresigned 6 May 20231
Councillor D Hammond
Ms P Ashbourne
Clerk to thg Trustees:
Mrs J Smilhson
Bankers:
Lloyds Bank
Market Place
Great Yarmouth
Norfolk
NR30 1PA
Accountant:
Lovewell Blake LLP
Chartered AGcounlanls
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OLB

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Oblectlves and actlvities
The Charty owns and runs the former Fisherman's Hospital which consists of nine Almshouse Cottages on
Market Place. Great Yarmouth situated round a cenlraS coutyard. The whole property is a Grade 1 listed buildin9.
publ￿ benefil
The Trustees have taken due regard lo the guidance published by the Charity Commission on public benefit.
They wnsidered the charity provides a public benefit through the provision of low cost housing to the ￿sidentS
of Great Yarmouth.
Achievements and performance
The Annual Review of the Weekly maintena￿ Contribution was discussed al The Finance Meeting in November
2023, and il was decided lo make an increase of 6DA commencing April 2024. No increase was made last year
owing lo the introduction of a Contribution to Gas Ljsage. The Trustees decided lo reduce the Gas Contribution to
£100.00 per month owing lo a new 6G contract of £10,000 per year for 3yr fixed rate being agreed. Eleclricily.
Water, TV, usage of washing machineltumble Dryer and all maintenance remains included.
A new resident with connections lo the sea moved into Collage112 and sadly our Naval Officer from collage
number 7 died in JU￿ 2023. His widow continues lo live there. We have eight residents in total and nine cottages.
One cottage. number eight, is our Office. One resident had a tTiple Bypass Operation last September and has
made a good recovery.
Heritage Open Days were very successfLJI once again and thanks lo support from Joanne. our Clerk, and
Trustees we were able lo tell visitors and residents about the history of our Grade 1 Almshouses built in 1702 for
'Decayed Fishermen.. William Booth who vDluntaTily continues lo support us w((h our website and finances
helped us obtain prior bookings for the event.
Sl. Nicholas Priory children gave cards and gifts lo residents al Christmas and Easter and also gave invitations
lo their services al The Min51er which were really good.
Carol Singing in The Courtyard by lamp light on the first Wednesday of December together w((h mulled wine and
ince pies was very well supported. The new lights installed by Michael Pearson and Joanne, the Clerk, certainly
looked very festive.
We have been addressing problems identified In the Quinquennial Report. The brickwork repair and replacernenl
has been completed and the roof tiles. moss and gullers should be finished by the end of May. Many of the
wooden windows facing the Courtyards are in need of repair and repainting which will be another expensive
project. Heritage Aelion Zone grants have been closed.
The damp identified in Cottages 4 and 5 have been Irealed and plastered.
Joanne Smithson, our Clerk, received an increase in wages and an adjuslmenl of working hours from December
2023 and is able to claim Ir8velling, c8r parking and adminislralion expenses. Joanne continues to show
commitment and iriteiesl in her role as Clèrk.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievements andperfomiance (contlnued)
Car Parking outside the Fishermen s Hospital 15 on the Agenda of Great Yarmouth Borough Council. They have
8 plan to lake away all parking for residents and put in bays al the West end of Sl.Nicholas Road opposite
Bioadland Mobility who have an established use of the yellow lines for their Disabled Customers Cars, Scooters
elc. The school has a well-used entrance for young children plus the pub has multiple delNeries in that small
area. We are lo receive nolificalion of viewing plans in the not-loo-distanl future.
COVID-19 We have had no reported cases of Covid -19 during the past year and encourage our residents to
keep up with their vaccinations.
Mark Duffield from ALDREDS of Great Yarmouth re valued the Fishemen's Hospital in September 2023 and
gave a value of £800,000 . He commended us on the general condrtion of The Fishermen s Hospital.
Flnancial review
Eight cottages were ￿t, providing income of £58,02312023.. £45,021>. Expenditure for the year totalled £41,685
12023.. £40,9121 including repairs of £15,121 12023. £11.7211. After other income of £14,60912023'. £6,216) and
gains on the revaluation of investments of £15,52312023". losses of £3,968) the charity generated nel surplus for
the year of £46,47012023'. £6.357}.
Inveslmenlpolicy
It is the Trustees policy lo invest the funds of the Charity, includin9 the endowment fund, lor long term capital
growth whilst also seeking an income stream as a Contribution towards the running costs of the Charity. The
investments are held in COIF Income Shares, the Charinco Income Fund and COIF Accumu13lion units.
ReseThes policy
General Fund
The Charity recognises the need to have sufficient funds in reserve readily available as or convertible into cash
to cover day to day expenditure. especially in the event that there is a reduction in weekly maintenance charge
income following the departure of residents pending new residents being appointed.11 is the policy of the Trustees
lo spend available funds on the maintenance and repair of the Almshouse Cottages and they have no intention
to build up a significant level of frèe reserves. Restricted fLJnds are excluded from Reserves but the nature and
amount ofany such funds may impact upon the Reserves Policy. This policy has been prepared while considering
the risks, such as general maintenance and the need lo employ crafts people sympathetic lo the fabric of a Grade
I listed building, constructed in 1702.
Extraordinary Repair Fund
This reStr￿ted fLJnd will be used for future major expenditure. Transfers will be made from the Income and
Expenditure Account. The fund is invested in accumulation shares and preferably in a Common Inveslmonl Fund.
It can be drawn upon lo meet major items of repair.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Financial review (continued)
Cyclical Mainlenance Fund
This clesignaled fund, lo which transfers are made from the Income and Expenditure Account, will be used lo
meet maintenance costs occurring al regular intervals e.g. refurbishing kitchens and bathrooms. interior and
exterior redecoration and the c051 of professional fees such as for Quinquennial Inspections.
The starting point for calculating Reserves will normally be the unreslricled funds, however part of these may not
be readily available for spending and may be ex¢lLJded from Resetves - tangible fixed assets. The Charity had
free reserves lunreslricted fund) as al 31 March 2024 amounting lo £116,70412023.' £78.7151.
The Charity also had reseNes amounting to £7,309 12023.. £6,669) in the Extraordinary Repair Fund and
£115,32512023." £107,484) in the Endowment Fund. The total net assets of the Charity amounted to £341,570
12023.. £295.1001.
The Charity will consider the Almshouse Association's recommended minimum amounts for transfer lo 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.
Freeholdprop8rty
The freehold property was valued by Messrs Aldreds, Chartered Surveyors, on 28 September 2023, as a single
enlily, on the basis of open market value with vacant possession al a figure of £600,000. The property is included
in the balance sheet al a cost of £102,232.
Value formoney
The Regulator of Social Housing IRSHI has published a value for money standard which musl be adhered lo by
Registered Providers. This includes the need lo publish nine measures in a standard form lo enable comparison
a¢fOSS the sector, accepting that there will be variances associated wrth each business's policies, strategy and
focus.
VFM metric
1. Reinveslrnenl O
2. New supply delivered Isocial housing units 0/01
3. New supply delivered Inon-social housing units &/ol
4. Gearing Q
5. EBITA MRI interest cover 0/0
6. Headline social housing cost per un(( £
7. Operating margin (social housing) Yo
8. Operating margin loveralll °/0
2024
14,
2023
11.5
176.41
NIA
1,890
38.6
48.4
13.6
{46.61
NIA
1,465
24.4
17.3
Governance and Financial Viability
The Trustees are committed to achieving good governance and being an effective provider of services, meeting
both regulatory codes and standards.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
REPORT OF THE TRUSTEES ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Plans for the future
The future 8clivilies will ¢onlinue to be the operation of Almshouse Cottages.
Structure, Governance and Management
Goveming inslmmenl
The Charity is registered with the Charity Commission and the Regulator of Social Housing. 11 is adrninistered by
Great Yarmouth Municipal Charities Trustees. The Charity is a member of the Housing Coiporation Ombudsman
Scheme.
The Charity wa5 created by deed sealed on 11 January 1984. 11 incorporates the former Fishermen's Hospital
Charity which was administered by the Great Yarmouth Municipal Charities together with the Charity of Mrs
Elizabeth Blennerhassett and the Chanty known as Benjamin Jollys Grft, both of which were administered by the
Great Yarmouth Borough Council.
R￿rUitment and appointment ofcommittee members
The Trustee board should cons1St of eleven members, comprising one Ex-officio Trustee, four Nominative
Trustees, and six Co-opted Trustees. The Nominative Trustees are appointed by the Great Yarmouth Borough
Council. The Co-opted Trustees are those who through residence, occupation or employment, or otherwise have
special knowledge of Great Yarmouth. Elections take pla￿ annually al the Annuaj General Meeting. Al the dale
of approval the board comprised eleven members as listed on page 1.
O@&nisalffonal slwclu
The Municipal Char((ies are run by a groLJP of volunteer Trustees, of which some belong to the local council and
so may change due to the ouicome of a I￿al election. As well as the volunteers there 15 a paid Clerk who
manages the paperwork and liaises with the ac¢ounlanls and local authority.
Risk assessment
The Trustees are aware ol tha Charity Commission recommendation lo review the risks applicable to the Charity
and this exercise was last reviewed in February 2019.
Rglaled Parties
This charity is connected with Great Yarmouth Relief in Need. The two charrties have common trustees and are
administered commonly al the same registered office. The only transaction between the charities 15 the payment
of ￿nt from Great Yarmouth Relief in Need to the charty for use of its administrative facilities. The trustees do
not consider it appropriate lo consolidate the results as the charities have different objectives.
Accountants
Lovewell Blake LLP are willing to continue as accountants for the charity.
Signed on behalf of the Trustees on 2 September 2024.
Mrs P Hollis
Rev P Paine

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
ACCOUNTANTS REPORT TO THE BOARD ON THE UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
We report on the accounts for the year ended 31 March 2024 sel out on pages 7 to 18.
Respective responsibilities of the Board and reporting a¢¢ountant
The Board of the Registered Social Housing Providèr is responsible for the preparation of the accounts, and they
consider that the Registered Social Housing Provider is exempl from an audit. 11 is our responsibility to carry out
procedures designed lo enable us to report our opinion.
Basls of opinion
Our procedures consisted of comparing the accounts with the books of account kept by the Registered Social
Housing Provider and making such limrted enquiries of the officers of the Registered Social Housing Provider as
we considered necessary for the purpose of this report. These procedures provide the only assurance expressed
in our opinion.
Opinion
In our opinion..
the accounts for year ended 31 March 2024 are in a￿ordanCe wrth the accounting iecords kept by the
Registered Social Housing Provider under paiagraph 13512llal of the Housing and Regeneration Act 2008.,
having regard only lo. and Dn the basis of the information contained in the accounting records..
the accounts comply with the requirements of the Charilres Act 2011.,
the Registered Social Housing Provider has satisfied the condilions for exemption from an audit of the
accounts for the year ended 31 March 2024 specified in section 136161 of the Housing and Regeneration
Act 2008,
the accounts comply with the requirements of Housing and Regeneration Act 2008 and the Accounting
Dir￿lI0n for private registered providers of social housino in England 2022.
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfrilk
NR7 OLB
Lovewell Blake LLP
Chartered Accounlanls
20109124

GREAT YARMOUTH MUNICIPAL CHARITIES,
THE FISHERPAEN'S HOSPITALCHARITY
STATEMENTQF COMPREHEtr4SIIE INCOME INCLUDING INCOME ANO EXPENOITURE A¢CO(FNT
FOR THE YEAR ENDED 31 MARCH 2024
Unr•strfct•d
R•strl¢t
ExtraordlDJry
Rqpjir
Endovlment
2034
Totsl
fund
fund
2923
N•t•5
T￿MoVer
se.o23
58.023
45.021
OperèMi*XPtnditu
34
53
Grou $yrplu$l Id•fi¢it>
Adfflinisiiaton expwdiiure
Other¢pgrating incom8
37.S04
22.383
10.988
5238
6495
3681
Op•ratini sU￿bu9 Ildeficil)
38.697
4,585
28.071
7.79Q
Inlere$l roc¢Nabk and simiL8rincE)me
2535
S￿r￿lu9 1 Idèflcitl bèlorè r•¥a￿atIOn
of Inv•Btrnent•ss•ts
39.$73
4,585
30,947
10.325
Galn¢ I11086¢6} on r•valuatknn of
IDv¢ibm•nt
7692
Surplui I (defi¢￿> on ordlnary
o¢tiYitle8 forthe yoaranl tvtsl
ompr•hinBlv• Inc¢m• lor
the year
APP￿Ved by the Trus1￿5 on 2 September 2024.
Mrs P Holis
P Pain
The abov¢ rgsutt$ relate lo conbnuing &c￿tsB3
The Mt¢$ set out on pages 10 I¢ 17 loim an Inie9ral partof th8s8accwnts.

GRRATYARMOUTH MUNICIPAL CHARIMES,
THE FISHERMEN'5 HOSPITAL CHARITY
STATEMENT OF CHANGES IN RESERVÉS
FOR THE YEAR ENDED 31 MARCH 2024
Un￿strIct¢d
Extraordinary
RepaSr
fund
Genèr•1 m*intEnanC*
fuDd
f￿nd
R*palr
EN#o¥mient
fund
T*)t41
2024
Totil
2Q23
At 31 Mar¢h 202J
1eo.947
6,$69
107.484
295,10Q
288.743
N•t mov¥m•niin funtts
39.573
4,585
7,841
4e,470
6.357
Tranaf&r bBtween lund•
SS19
Fund balanc•s Carri￿ foNAr
at31 Moreh 2024
Thè nots$ gèt Outon p4geS ?0 to 17 10(m an iitsgrql partoftho5e acwunts.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2024
Note$
2024
2023
FIXED ASSETS
Tangible
Investments
10
102,232
164 006
102,232
148483
266.238
250,715
CURRENT ASSETS
Sundry debtors
Cash at bank
12
1,214
72,335
1.167
42.208
current account
deposit account
CURRENT LIA81LITIES
Creditors
FUNDS
Unrestricted
Restricted
Endowment
15
15
218,936
7,309
115 325
180,947
6,669
107484
Approved by the Trustees on 2 Sepiernber 2024.
Mrs P Holli$
Rev P Paine
The not@s sel out on pages 10 10 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 2024
Notes
2024
2023
Net cash inflow from
op&rating aclivitlO$
17
27,616
9,701
Cash flow from investing actlvltles
Dividends received
Net cash flow from investing a¢tivitig$
Net increase in cash and cash equlvalents
30,492
12,236
Cash and cash equlvalents at l April 2023
Cash and cash equivalents at 31 March 2024
Cash and cash equivalents consist of:
Cash at bank and in hand
The note5 sel out on pages 10 10 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 2024
Accountlng Policies
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the
preparation of the financial stslemenls are as follows..
{al Basis of Aocounting
The accounts have been prepared in accordance wf(h applicable accounting standards including
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS
1021, the Slalemenl of Recommended Practice for Social Housing Providers 2018. and with the
Accounting Direction for Private Registered Providers of Social Housing in England 2022.
The accounts have also been prepared under the requirements of the Housing and Regeneration
Act 2008. The a¢counls have been prepared on a going concern basis under historical cost
convention, except for the revalijation of investment assets.
The charity conslilules a public benefit entity as defined by FRS 102.
Ibl G8n8ral InfOm?at￿￿
The Fisherman's Hospital Charity is an unincorporated ¢harrty and a prwale registered Provider of
Social Housing in the United Kingdom. The address of the registered office is given in the reference
and administration information on page 1 of these accounts. The nature of the registered prov￿erS
operations and principal adivf(ies are sel out on page 2 of these accounts.
Icl Fund accounting
Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general
obiedivÈs of the charity.
Restricted fvnds are 5ubje¢led lo restrictions on their expenditure imposed by the donor or through
thè terms of an appeal. Revenue and expenditure oannot be directly set against reslricled reserves but
is taken through the statement of comprehensive income and then a transfer to restricted reserves is
rnade as appropriate.
Endowment funds are those ieserves which are only èxpendable in accordance with the wishes of the
fundei or ragulatory body.
Idl Tumover
Turnover Is measur8d at the fair value of the consideration reTrived or receivable. The policies adopted
for the recognition of turnover arè as follows..
Turnovèr represents rental and Service charge5 income receivable in the year net of rent and seNice
chaige losses from voids, revenue granls from the government Ilocal aulhorilies).

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
(el Expenditure
Expènditure is recognised on an accrual basis as a liability is in¢urred. Expenditure includes any VAT
which cannot bè fully recovered, and is reported as part of the expenditure lo which il relates..
.Operating expenditu￿ comprise those costs incurred by the charity in the delNery of it5 activities
and services for ils beneficiaries. 11 ineludes both costs that can be allocated directly lo such
aclivities and those costs of an Indirect nature necessary to SLJPPOrt them.
Adminislralion expenditure includes those costs associated with meeting the administration and
slalulory requirements of the charity and inclLJdes the accountant fees and costs linked to the
strategic management of the charity.
All costs 8ie 8llo¢ated between the expenditure Categories of the Statement of Comprehensive
Income on a basis designed lo refSect the use of the resource.
In
Investment income
Bank interest is in¢luded in the income and expendrture account on an accruals basis. DivKlends
are included In the income and expenditu￿ account when they are received.
Igl Fixed assets
Housing land and buildings
The Iruslee5 regard the building held by the Charity as an inalienable asset due lo being a Class
l Listed building and thus no depreciat￿n or amort15alion charge is provided.
Equipment is dep￿CIated at a rale of 10010 slraighl line.
{h} Investment polKy
Investments are included in the accounts at their market value al the year end.
Any surplus or deficit arising on the revaluation or disposal of the investments is credited or debited
to the Statement of Comprehensive Income.
D8b10￿ and creditors receivable/payabl8 within one year
Debtors and credrtors With not slated interest rale and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
lj'l Cash at bank
Cash al bank and Cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less.
Ikl Going concgm
The financial slalemenls have been prepared on a going concern basis, as the Trustees believe
that no material uncertainties exist. The Trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising Ihesg financial
statements. The budgeted income and expenditure is sufficient with the level of resetves lor the
charity to be able to continue as a going concern.
12

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Social Hou$lng turnov&r and cost
2024
2023
Rents and ulilily contribution receivable
Expenditure
Operating surplus from Social Housing acliwties
Nel surplus from Social Housing activities
Void losses
Net surplus
The nel surplus 1$ slated after charging'.-
2024
2023
Accountancy fees lexcluding VATI
Rental income
During the year the charity provtded 812023.. 81 general housing accommodation units.
2024
2023
Rental and ulilily contribution income
{nel of voids of £1,52912023'. net of voids of £1,330}1
During the years ended 31 March 2024 and 2023 all rental income was unreslrided.
Other income
2024
2023
Other income
Grants
Other donations
1,OS4
6,495
800
2,250
631
During the years ended 31 Inarch 2023 all other income was unrestrided.
Included in Grants are government grants of £6,495.
Analysis of operating expenditure
Charitable
activities
Governance
costs
2024
2023
Rates
Repairs and construction
Insurance
{711
15,121
1,792
18,273
525
1711
15.121
1.792
18.273
179
11,721
1,821
20,000
532
Cleaning
During the years ended 31 March 2024 and 2023 all operating expenditure was unrestricted.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of adminlstrative expenditure
Charitable Governance
activities
costs
2024
2023
Adminislralion
Telephone
Accounlanls fee
Sundries
Membership
2,660
803
2,294
877
1,904
1,141
643
2,294
877
1,904
1,141
643
1.584
209
789
During the years ended 31 March 2024 and 2023 all administrative expenditu￿ was unrestricted.
Interest receivable and similar income
2024
2023
Interest receivable
Dividends
385
DLJring the years ended 31 March 2024 and 2023 all interest receivable and similar was unrestricted.
Trustees remuneration and expenses
The Trustees did not receive any remuneration and were not reimbursed expenses during the year. There
are no key management personnel as the charrty does not have any employees.
The charity is managed by a self-employed clerk, the c051 ofwhich was £2,252 {2022." £2,028) has been
included within administrative expenditure.
10. Tangible fixed assets
Freehold
Land &
buildings
Equipment
Total
Cost
Al 1 April 2023 and 31 March 2024
102 232
110516
Deprèciation
Al 1 April 2023 and al 31 March 2024
8284
Net Book Value
Al 31 March 2024
Net Book Value
At 31 March 2023
All housing properties are held for lettings purposes. The propety was valued by Messrs Aldreds,
Chartered Surveyors, on 28 September 2023, as a single entity, on the basis of open market value with
vacant possession at a figure of £600,000.
14

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Investments
2024
2023
Market value as at 1 April 2023
Unrealised Ilossl on revaluation
148,483
152,451
Market value as at 31 March 2024
14
Historic cost
The portfolio comprises of the following listed inveslmenls..
Holding
Fund
Market Value
4,561.51 units
273.01 units
425.81 units
Chanties Investment Fund Income Units
Charities Investment Fund Accumulation Units
Charinco Common Investment Fund
93,204
70,182
620
64
The fair value of listed investments has been determined by reference to the quoted price for identic81
assets in an active market at the balance sheet date.
12. Debtors
2024
2023
Other debtors
Prepayments and acerued incw)e
626
588
626
$41
Creditors: Amounts falling due withln one year
2024
2023
Accruals and deferred income
14. Taxation
The charity has no liabilty to income lax or capital gains lax.

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Reconclllation of movem8nt of funds
Year ended 31 March 2024
Unrn8trS¢t8d
Cyclical
Geft8rn1 Malntenance
Fund
Funds
Rgstrict•d
Extraoidlnary
Repair Endowment
Funds
Fund
Repair
Fund
Total
Funds bl￿d 1 April 2023
Surplus I (Deficit)
for the year
Transfer between funds
Revaluation ol
Investment assets
180,947
6,669
107,484
295,100
39,573
{1,5841
113.2111
5.519
4,585
14,5851
30,947
650
10
15 523
Funds c￿d 31 March 2024
Tangible Fixed Assets
Land and buildings
Laundry equipment
Investments
COIF Charities Investment
Fund {4,561.51 units)
COIF Charities Investment
Fund1273.01 unilsl
Charinco Common Investment
Fund1425.810 unitsl
CUr￿n1 assets
Debtors
Bank account
Current liabilities
102.232
102,232
93,204
93,204
70.182
70,182
620
620
1,214
119,523
1,214
78,151
170.1821
6,889
22,121
Funds cifwd 31 March 2024 21
Year ended 31 March 2023
Unrestvfjct8d
Cyclical Ext¥aordinary
Gonelal Malntenanco
Repair
Fund
Funds
Funds
Restricted
Endowment
Fund
Totsl
Funds bl￿d 1 April 2022
Surplus I (Deficit)
for the year
Transfer between funds
Revaluation of
Investment assets
167,773
4,038
6,124
110.808
288,743
22.046
18,872)
111,7211
8,222
10,325
850
539
105
3968
Funds cthvd 31 March 2023
16

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Reconciliation of movement in funds Icontinued}
Year ended 31 March 2023 Iconlinuedl
Unrostricted
Restrictsd
Cyclical Extraordinary
Goneral Molntenance
Repair
Fund
Fund¥
Funds
Endowment
Fund
Total
Tangible Fixed Assets
Land and buildings
Laundry equipment
Investments
COIF Charities Investment
Fund14,561.51 units)
COIF Charities Investment
Fund {273.01 units)
Charinco Common Investment
Fund1425.810 unit51
Current assets
Debtors
Bank account
Current liabilities
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 31 March 2023
The purpose of the various funds are as follows..
General Fund..
Iunreslrictedl
To provide the necessary resource5 required by the Charity on a day lo
day basis.
Cyclical Maintenance Fund..
{Unreslricledl
To meet m8inlenance occurring at regular intervals e.g. internal and
external redecoration and the cost of professional fees in respect of
quinquennial inspections. This fund is represented by an investment
of 273.01 unts in the COIF Charities Investment Fund.
Repair Fund..
IReslricted)
Thi5 IS 8 reslricled funds received from Great Yamoulh Borough
Council towards expenLlilure on repairs to the propety.
Extraordinary Repair Fund..
(Reslricled)
This is a restridgd fund under the terms of a Charities Commission
Scheme and provides for future major expenditure on repairs lo the
property without prior consent of the Charity Commissioners.
Endowment Fund..
(Reslricledl
Represents the capital investments described in Note 11 enhanced by
unrealised gains on revaluation of Investment assets lo current market
value. The fund is not available to convert lo expendable income.
16. Relatad party transactions
The Trustees ofThe Fishermen's Hosprtal Charty are also the trustees of Great Yarmouth Relief in Need.
Al 31 March 2024. Great Yamioulh Relief in Need owed lo The Fishgrmen's Hospital Charity £Nil12023'.
£Nill. Great Yarmouth Relief in Need paid The Fishermen's Hospitsl Charity £910 12023.. £8001 in
conn￿lI0n with rent payable.
17

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Re¢onciliation of operating surplus to Cash flow from operating activitigs
2024
2023
Surplus for the year
Interest and dividends received
Loss I (Gains) on investment assets
Ilncreasel l Decrease in trade and other debtors
(Decrease) l increase in trade and other credf(ors
46,470
12,8761
115,5231
1471
408
6,357
(2.5351
3,968
{581
Net Cash inflow from operating a¢tivities

GREAT YARMOUTH MUNICIPAL CHARITIES
THE FISHERMEN'S HOSPITAL CHARITY
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Income
Residents payments lincluding Housing Benefill
Utility contributions
Grants
Interest receivable
Investment dividends
Donations
Other income
41,273
16,750
6.505
365
2,511
4,174
42,021
3.000
2,250
2,535
831
800
72,632
51,237
Expenditure
Property Expenditure
Rates
Insurance
Repairs and reconstruction
1711
1,792
15,121
18,273
525
179
1,621
11,721
20,000
532
Cleaning
Administrative Expenses
Administration
Telephone
Accountancy
SLJndries
Membership
2,660
803
1,584
209
789
2,294
877
1.904
1.141
643
Total Expenditure
41685
Surplus before revaluatlon of investm9nl assets