| Page | ||
|---|---|---|
| Reference and Administrative Details |
||
| Report ofthe Trustees | 2 to 4 | |
| Report ofthe Independent Auditors |
5 to 6 | |
| Statement ofFinancial | Activities | |
| Balance Sheet | 8to 9 | |
| Cash Flow Statement | 10 | |
| Notes to the Cash Flow Statement | ||
| Notes to the Financial | Statements | 12to 21 |
| Detailed Statement of |
Financial Activities | 22 to 23 |
| TRUSTEES | Mr A J Allard (Chairman) | Mr A J Allard (Chairman) | Mr A J Allard (Chairman) | ||
|---|---|---|---|---|---|
| Mrs G A Ross | |||||
| Mr IFScott | |||||
| Ms M Lalor | |||||
| Mr D Johnson | |||||
| Mr M Walters | |||||
| Mr J Cane | |||||
| Mr D KWatt | |||||
| Mr BJ Miller | |||||
| Supt. SBrown (Port | Missioner) | ||||
| PRINCIPAL ADDRESS | Office Suite 1 |
||||
| Alexandra Dock Business |
Centre | ||||
| Fishermans Wharf |
|||||
| Grimsby | |||||
| N ELines | |||||
| DN31 1UL | |||||
| REGISTERED | CHARITY NUMBER | 500816 | |||
| INDEPENDENT | AUDITORS | Haines Watts, Chartered | Accountants | ||
| 117- 119Cleethorpe | Road | ||||
| Grimsby | |||||
| North East Lines | |||||
| DN31 3ET | |||||
| BANKERS | NatWest Bank Pic | ||||
| 66 Victoria Street | |||||
| Grim sby | |||||
| North East Lines | |||||
| DN31 IBP | |||||
| SOLICITORS | Wilkin Chapman |
LLP | |||
| Cartergate House |
|||||
| 26 Chantry Lane |
|||||
| Grim shy | |||||
| DN31 2LJ | |||||
| CHARITIES | |||||
| ADMINISTRATOR/MANAGER | Mrs J Coultas |
| Unrestricted | Restricted | 31.12.21 | 31.12.20 | ||
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| Notes | f | ||||
| INCOME AND ENDOWMENTS FROM | |||||
| Other trading activities |
561,046 | 561,046 | 543,775 | ||
| Investment income |
31 | 31 | 201 | ||
| Total | 561,077 | 561,077 | 543,976 | ||
| EXPENDITURE | |||||
| Charitable activities |
302,232 | 302,232 | 323,888 | ||
| Other costs | 70,290 | 70,290 | 74 058 | ||
| Total expenditure | 372 522 | 372 522 | 397,946 | ||
| Net income before gains and losses on | |||||
| Investments/sale offixed assets |
188,555 | 188,555 | 146,030 | ||
| Net gains/(losses) on sale on fixed assets |
203,144 | 203,144 | 46,078 | ||
| Net gains/(losses) on investments |
177410 | 17741~ | 100,676 | ||
| NET MOVEMENT IN FUNDS | 569,109 | 569,109 | 292,784 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 5,445,354 | 840,309 | 6,285,663 | 5,992,879 | |
| TOTAL FUNDS CARRIED FORWARD | 6,014,463 | 840,309 | 6,854,772 | 6,285,663 |
| Unrestricted | Restricted | 31.12.21 | 31.12.20 | ||
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets |
8 | 2,971,328 | 840,309 | 3,811,637 | 3,811,637 |
| Investments | 9 | 2,648,150 | 2,648,150 | 2,470 740 | |
| Total Fixed Assets | 5,619,478 | 840,309 | 6,459,787 | 6,282,377 | |
| CURRENT ASSETS | |||||
| Debtors | 10 | 77,922 | 77,922 | 34,279 | |
| Cash at bank | 453,905 | 453,905 | 118,134 | ||
| 531,827 | 531,827 | 152,413 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
11 | (72,182) | (72,182) | (68,118) | |
| NKT CURRENT ASSETS | 459,645 | 459,645 | 84,295 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 6,079,123 | 840,309 | 6,919,432 | 6,366,672 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
12 | (64,660) | (64,660) | (81,009) | |
| NET ASSETS | 6 034463 | 840 309 | 6,854,772 | 6 285,663 | |
| THE FUNDS OF THK CHARITY | 13 | ||||
| Unrestricted funds |
6,014,463 | 5,445,354 | |||
| Restricted funds | 840,309 | 840 309 | |||
| TOTAL CHARITY FUNDS | 6,854,772 | 6,285,663 |
| Grimsb Sailors &Fishin Chari |
||||
|---|---|---|---|---|
| Cash Flow Statement | ||||
| for the Year Ended 31 December 2021 | ||||
| 31.12.21 | 31.12.20 | |||
| Notes | f | |||
| Cash flows from operating activities: |
||||
| Cash generated from operations |
143,108 | 130,385 | ||
| Cash flows from investing activities: |
||||
| Purchase oftangible fixed assets | (259,150) | |||
| Sale oftangible fixed assets | 203,144 | 46,078 | ||
| Purchase offixed asset investments | ||||
| Sale offixed asset investments | ||||
| Investment activity Interest paid |
31 ~19,212) |
201 (12,328) |
||
| Net cash provided by (used in) investing |
||||
| activities | 192,663 | ~229,299) | ||
| Change in cash and cash equivalents | in the year | 335,771 | (94,814) | |
| Cash and cash equivalents at the beginning of |
||||
| the reporting period |
118,134 | 212,948 | ||
| Cash and cash equivalents at the end ofthe |
||||
| reporting period |
453,905 | 118,134 |
| 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| f | ||||||
| Net movement of | funds (as per the statement | offinancial | activities) | 569,109 | 292,784 | |
| Deduct investment | income shown in investing |
activities | (31) | (201) | ||
| Add back interest | paid | 10,512 | 12,328 | |||
| Deduct gains/add | back losses on investments | (177,410) | (100,676) | |||
| Deduct gains/add | back losses on sale offixed | assets | (203,144) | (46,078) | ||
| Decrease/(increase) | in debtors | (43,643) | (13,514) | |||
| Increase/(decrease) | in creditors | (12,285) | (14,258) | |||
| Net cash provided | by (used in) operating | activities | 143,108 | 130,385 |
| ACTIVITIE | S FOR GENERATING | FUNDS | ||
| 31.12.21 | 31.12.20 | |||
| Maintenance | contributions | 544,892 | 529,045 | |
| Donations and legacies |
2,154 | 730 | ||
| Administration | fees | 14,000 | 14,000 | |
| 561,046 | 543,775 |
| 3. | INVESTMENT INCOME | INVESTMENT INCOME | |||
|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||
| Profit on sale ofinvestments | |||||
| Dividends received |
|||||
| Bank Interest Received | 31 | 201 | |||
| 31 | 201 | ||||
| 4. | CHARITABLE ACTIVITIES COSTS | 31.12.21 | 31.12.20 | ||
| f | |||||
| Water charges | 36,030 | 36,899 | |||
| Insurance | 12,818 | 12,517 | |||
| Electricity —Outside lighting |
1,950 | 2,140 | |||
| Individual weekly benefits |
11,440 | 11,492 | |||
| Individual quarterly benefits |
6,800 | 6,800 | |||
| Institutional RNMDSF grant |
14,000 | 14,000 | |||
| Repairs and maintenance | 147,231 | 166,781 | |||
| Council Tax —empty properties | 3,274 | 3,478 | |||
| Window cleaning | 6,074 | 5,584 | |||
| Gas service contract | 19,680 | 19,857 | |||
| Resident line rental | 20,976 | 20,790 | |||
| CareLink charges | 15,006 | 15,682 | |||
| Garden maintenance | 6,953 | 7,868 | |||
| 302,232 | 323,888 | ||||
| 5. | OTHER COSTS | 31.12.21 | 31.12.20 | ||
| f | |||||
| Wages | 41,474 | 39,869 | |||
| Auditors' remuneration |
3,900 | 3,900 | |||
| Office rent and cleaning | 4,922 | 5,179 | |||
| Telephone | 979 | 1,001 | |||
| Postage, printing, stationery |
and advertising | 4,142 | 4,781 | ||
| Miscellaneous expenses |
358 | 757 | |||
| Legal and Professional | fees | 2,985 | 2,585 | ||
| Bad debt expense | (50) | 2,697 | |||
| Almshouses Association |
subscription | 1,068 | 961 | ||
| Loan interest | 10,512 | 12,328 | |||
| 70,290 | 74,058 |
| 31.12.21 | 31.12.20 |
|---|---|
| 31.12.21 | 31.12.20 |
| 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| Trustees' remuneration |
||||||
| Trustees' expenses |
||||||
| 31.12.21 | 31.12.20 | |||||
| Mileage | ||||||
| The number oftrustees | who had expenses | paid for the year ended 3l December 2021 was nil (2020: | nil). | |||
| 7. | STAFF COSTS | |||||
| 31.12.21 | 31.12.20 | |||||
| Wages and salaries | 41,474 | 39,869 | ||||
| The average monthly |
number ofemployees | during the year was as follows: | ||||
| 31.12.21 | 31.12.20 | |||||
| Administration staff |
2 | 2 | ||||
| No employees received |
emoluments | in excess off60,000. |
| Freehold | |||
|---|---|---|---|
| property | |||
| COST | |||
| At | 1 January | 2021 | 3,811,637 |
| Additions | |||
| At | 31 December 2021 | 3,811,637 | |
| NET BOOK | VALUE | ||
| At | 31 December 2021 | 3,811,637 | |
| At | 31 December 2020 | 3,811,637 |
| FIXEDASSET INVKSTMKNTS | |
|---|---|
| Investments | |
| MARKET VALUE | |
| At 1 January 2021 | 2,470,740 |
| Revaluation | 177,410 |
| Disposals | |
| At 31 December 2021 | 2,648,150 |
| NET BOOK VALUE | |
| At 31 December 2021 | 2,648,150 |
| At 31 December 2020 | 2,470,740 |
| 10. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| Other debtors | 77,922 | 34,279 | |
| 11. | CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR | ||
| 31.12.21 | 31.12.20 | ||
| Other creditors | 72,182 | 68,118 | |
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.12.21 | 31.12.20 | ||
| Other creditors | 64,660 | 81,009 |
| Incoming | Resources | Transfers | Gains/ | ||||
|---|---|---|---|---|---|---|---|
| At 1.1.21 | Resources f |
Expended | (In/(Out) | (Losses) | At 31.12.21 | ||
| Designated | funds | 759,574 | (68,975) | I14,436 | 805,035 | ||
| (note 15) | |||||||
| General funds | 4,685,780 | 561,077 | (303,547) | (ll4,436) | 380,554 | 5,209,428 | |
| 5,445,354 | 561,077 | (372,522) | 380,554 | 6,014,463 | |||
| Restricted | Funds | 840,309 | 840,309 | ||||
| 6,285,663 | 561,077 | (372,522) | 380,554 | 6,854,772 |
| Incoming | Resources | Transfers | Gains/ | ||||
|---|---|---|---|---|---|---|---|
| At 1.1.20 | Resources | Expended | (Inl(Out) | (Losses) | At 31.12.20 | ||
| E | |||||||
| Designated | funds | 727,9]8 | (78,867) | 110,523 | 759,574 | ||
| (note 15) | |||||||
| General funds | 4,424,652 | 543,976 | (319,079) | (110,523) | 146,754 | 4,685,780 | |
| 5,152,570 | 543,976 | (397,946) | 146,754 | 5,445,354 | |||
| Restricted | Funds | 840,309 | 840,309 | ||||
| 5,992,879 | 543,976 | (397,946) | 146,754 | 6,285,663 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | Funds | ||
| 31.12.21 | 31.12.21 | 31.12.21 | 31.12.20 | ||
| Tangible | fixed assets | 2,971,328 | 840,309 | 3,811,637 | 3,811,637 |
| Fixed asset investments | 2,648,150 | 2,648,150 | 2,470,740 | ||
| Current Assets | 531,827 | 531,827 | 152,413 | ||
| Creditors | due within one year | (57,390) | (57,390) | (68,118) | |
| Creditors | due in more than one year | (79,452) | (79,452) | (81,009) | |
| 6,014,463 | 840409 | 6,854,772 | 6,285,663 |
| Comparative for net |
assets between | funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | Funds | |||
| 31.12.20 | 31.12.20 | 31.12.20 | 31.12.19 | |||
| Tangible fixed assets | 2,971,328 | 840,309 | 3,811,637 | 3,552,487 | ||
| Fixed asset investments | 2,470,740 | 2,470,740 | 2,370,064 | |||
| Current Assets | 152,413 | 152,413 | 233,713 | |||
| Creditors due within one |
year | (68,118) | (68,118) | (69,144) | ||
| Creditors due in more than one year |
(81,009) | (81,009) | (94,241) | |||
| 5,445/54 | 840@09 | 6,285,663 | 5,992,879 | |||
| 15. | DESIGNATED RESERVES | |||||
| Cyclical | ||||||
| Repairs and | Extraordinary | Total | ||||
| Maintenance | Repairs | Designated | ||||
| Reserve | Reserve | Reserve | ||||
| Balance at 1 January | 2021 | 461,784 | 297,790 | 759,574 | ||
| Resources expended | (68,975) | (68,975) | ||||
| Transfer from General fund |
114,436 | 114,436 | ||||
| Balance at 31 December 2021 | 507445 | 297,790 | 805,035 |
| Cyclical | ||||
|---|---|---|---|---|
| Repairs and | Extraordinary | Total | ||
| Maintenance | Repairs | Designated | ||
| Reserve | Reserve | Reserve | ||
| Balance at 1 January 2020 | 427,728 | 300,190 | 727,918 | |
| Resources expended | (76,467) | (2,400) | (78,867) | |
| Transfer from General | fund | 110,523 | 110,523 | |
| Balance at 31 December 2020 | 461,784 | 297,790 | 759,574 |
| for the Year Ended 3 | 1 December 2021 | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| INCOME AND ENDOWMENTS | |||
| Other trading activities |
|||
| Maintenance contributions |
544,892 | 529,045 | |
| Donations and legacies |
2,154 | 730 | |
| Administration fees |
14000 | 14,000 | |
| 561,046 | 543,775 | ||
| Investment income |
|||
| Profit on sale ofinvestments | |||
| Dividends received |
|||
| Bank Interest Received | 31 | 201 | |
| 31 | 20] | ||
| Total incoming resources |
561,077 | 543,976 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Water charges | 36,030 | 36,899 | |
| Insurance | 12,818 | 12,517 | |
| Electricity - Outside | lighting | 1,950 | 2,140 |
| Individual weekly benefits |
11,440 | 11,492 | |
| Individual quarterly |
benefits | 6,800 | 6,800 |
| Institutional RNMDSF grant |
14,000 | 14,000 | |
| Repairs and maintenance | 147,231 | 166,781 | |
| Council Tax - empty | properties | 3,274 | 3,478 |
| Window cleaning | 6,074 | 5,584 | |
| Gas service contract | 19,680 | 19,857 | |
| Resident line rental | 20,976 | 20,790 | |
| CareLink charges | 15,006 | 15,682 | |
| Garden maintenance | 6,953 | 7,868 | |
| 302,232 | 323,888 | ||
| Support costs | |||
| Governance costs |
|||
| Wages | 41,474 | 39,869 | |
| Auditors' remuneration |
3,900 | 3,900 | |
| Office rent and cleaning | 4,922 | 5,179 | |
| Telephone | 979 | 1,001 | |
| Carried forward | 51,275 | 49,949 |
| for the Year Ended 31 De | cem | ber 2021 | ||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Governance costs |
||||
| Brought forward | 51,275 | 49,949 | ||
| Postage, printing, stationery |
and advertising | 4,142 | 4,781 | |
| Miscellaneous expenses |
358 | 757 | ||
| Legal &professional fees |
2,985 | 2,585 | ||
| Bad debt expense | (50) | 2,697 | ||
| Almshouses Association |
subscription | 1,068 | 961 | |
| Loan interest | 10,512 | 12,328 | ||
| 70290 | 74,058 | |||
| Total resources expended | 372,522 | 397,946 | ||
| Net income before gains | and losses | 188,555 | 146,030 | |
| Unrealised recognised gains |
and losses | |||
| Unrealised gains/(losses) |
on fixed asset investments | 177,410 | 100,676 | |
| Realised gains and losses | ||||
| Profit on sale offixed assets | 203,144 | 46,078 | ||
| Net income | 569,109 | 292,784 |