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2022-12-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 4
Report ofthe Independent
Auditors		 5 to 6
Statement ofFinancial Activities
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement
Notes to the Financial Statements 12to 22
Detailed Statement of Financial Activities 23 to 24
Reference and Administrative Details
for the Year Ended 31December 2022
TRUSTEES Mr A J Allard (Chairman)
Mrs G A Ross (resigned 8 February 2023)
Mr IFScott (resigned 9 February 2022)
Ms M Lalor
Mr D Johnson
Mr M Walters
Mr JCane
Mr D KWatt
Mr BJMiller (resigned 18 May 2022)
Supt. SBrown (Port Missioner)
Mr S Dwyer (appointed 18May 2022)
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
Grim shy
North East Lines
DN31 3ET
BANKERS NatWest Bank Pic
66Victoria Street
Grimsby
North East Lines
DN31 1BP
SOLICITORS Wilkin Chapman LLP
Cartergate
House
26 Chantry Lane
Grimsby
DN31 2LJ
CHARITIES
ADMINISTRATOR/MANAGER Mrs J Coultas

Unrestricted Restricted 31.12.22 31.12.21
funds funds Total funds Total funds
Notes
INCOME AND ENDOWMENTS FROM
Other trading activities 610,562 610,562 561,046
Investment
income		 1,318 1 318 31
Total 611,880 611,880 561,077
EXPENDITURE
Charitable
activities		 358,438 358,438 302,232
Other costs 77,168 77168 70,290
Total expenditure 435,606 435,606 372,522
Net income before gains and losses on
Investments/sale
offixed assets		 176,274 ]76,274 188,555
Net gains/(losses) on sale offixed assets 122,034 122,034 203,144
Net gains/(losses) on investments ~377,293) ~177,293) 177,410
NET MOVEMENT IN FUNDS 121,015 121,015 569,109
RECONCILIATION
OF FUNDS
Total funds brought
for)vard		 6,014,463 840,309 6,854,772 6,285,663
Funds transferred from Cleethorpes Cottage 1,855,109 1,855,109
Homes
TOTAL FUNDS CARRIED FORWARD 79903117 840309 8830896 6834772

Unrestricted Restricted 31.12.22 31.12.21
funds funds Total funds Total funds
Notes f f
FIXEDASSETS
Tangible assets 8 4,990,772 840,309 5,831,081 3,811,637
Investments 9 2,747,745 2,747,745 2,648,150
Total Fixed Assets 7,738,517 840,309 8,578,826 6,459,787
CURRENT ASSETS
Debtors 10 13,492 13,492 77,922
Cash at bank 380,825 380,825 453,905
394,317 394,317 531,827
CREDITORS
Amounts
falling due within one year		 11 (72,223) (72,223) (72,182)
NET CURRENT ASSETS 322,094 322,094 459,645
TOTAL ASSETSLESSCURRENT
LIABILITIES 8,060,611 840,309 8,900,920 6,919,432
CREDITORS
Amounts
falling due atter more than one year		 12 (70,024) (70,024) (64,660)
NET ASSETS 7990587 840 309 8 830896 6 854 772
THE FUNDS OFTHE CHARITY 13
Unrestricted
funds		 7,990,587 6,014,463
Restricted funds 840,309 840,309
TOTAL CHARITY FUNDS 8830.896 6.854.772

Grimsb
Sailors &Fishin
Chari
Cash Flow Statement
for the Year Ended 31December 2022
31.12.22 31.12.21
Notes
Cash flows from operating
activities:
Cash generated
from operations		 251,579 143,108
Cash flows from investing
activities:
Purchase oftangible fixed assets (527,444)
Sale oftangible
fixed assets		 122,034 203,144
Purchase offixed asset investments
Sale offixed asset investments 1,000
Investment
activity
Interest paid		 1,318
~8.82))		 31
~)8.8)2)
Net cash provided
by (used in) investing
activities		 ~4)),9)3) 192,663
Change
in cash and cash equivalents		 in the year (160,334) 335,771
Cash and cash equivalents
at the beginning		 of
the reporting
period		 453,905 118,134
Cash transferred
fiom Cleethorpes
Cottage		 Homes 87,254
Cash and cash equivalents
at the end of		 the
reporting
period		 380,825 453,905

31.12.22 31.12.21
Net movement
of		 funds (as per the statement offinancial activities) 121,015 569,109
Deduct investment income shown
in investing
activities		 (1,318) (31)
Add back interest paid 8,821 10,512
Deduct gains/add back losses on investments 177,293 (177,410)
Deduct gains/add back losses on sale offixed assets (122,034) (203,144)
Decrease/(increase) in debtors 64,430 (43,643)
Increase/(decrease) in creditors 5,405 (12,285)
Decrease/(increase)
Increase/(decrease)		 in debtors transferred
from Cleethorpes
in creditors transferred
trom Cleethorpes		 Cottage Homes
Cottage Homes		 981
~3,014)
Net cash provided by/(used
in) operating
activities		 251,579 ~143 108

ACTIVIT IE S FOR GENERATING FUNDS
31.12.22 31.12.21
f
Maintenance contributions 606,650 544,892
Donations and legacies 412 2,154
Administration fees 3,500 14,000
610,562 561,046

31.12.22 31.12.21
f
Profit on sale ofinvestments 441
Dividends
received
Bank Interest Received 877 31
1,318 31
4. CHARITABLE ACTIVITIES COSTS 31.12.22 31.12.21
f f
Water charges 32,749 36,030
Insurance 15,013 12,818
Electricity —Outside lighting 2,038 1,950
Individual
weekly benefits		 11,089 11,440
Individual
quarterly		 benefits 6,500 6,800
Institutional
RNMDSF gant		 14,000 14,000
Repairs and maintenance 198,147 147,231
Council Tax —empty properties 2,719 3,274
Window
cleaning		 6,293 6,074
Gas service contract 24,992 19,680
Resident line rental 13,170 20,976
CareLink charges 19,718 15,006
Garden maintenance 12,010 6,953
358,438 302,232
5. OTHER COSTS 31.12.22 31.12.21
f
Wages 43,584 41,474
Auditors'
remuneration		 3,900 3,900
Office rent and cleaning 5,562 4,922
Telephone 966 979
Postage, printing,
stationery		 and advertising 4,715 4, 142
Miscellaneous
expenses		 2,202 358
Legal and Professional fees 5,625 2,985
Bad debt expense 321 (50)
Almshouses
Association		 subscription 1,472 1,068
Loan interest 8,821 10,512
77,168 70,290

Trustees' remuneration
Trustees' expenses
Mileage
31.12.22 31.12.21
31.12.22 31.12.21
f

STAFF COS TS
31.12.22 31.12.21
f f
Wages and salaries 43,584 41,474
The average monthly number ofemployees during the year was as follows:
31.12.22 31.12.21
Administration staff 2 2
No employees received emoluments in excess off60,000.

TANGIBLE FIXEDASS ETS
Freehold
property
f
COST
At I January 2022 3,811,637
Additions 527,444
Transfer
I'rom Cleethorpes		 Cottage Homes 1,692 000
At 31 December 2022 8 831,081
NET BOOK VALUE
At 31 December 2022 5,831,081
At 31 December 2021 3 811,637

Investments
~TVALUE
At I January 2022 2,648,150
Revaluation (177,293)
Transfer from Cleethorpes
Dispo sais		 Cottage Homes 277,888
~7.444)
At 31 December 2022 2 747 745
NET BOOK VALUE
At 31 December 2022 2 747 745
At 31 December 2021 2,648,150

10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
f
Other debtors 13,492 ~77 922
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
Other creditors 72,223 72,182
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
CRE DITORS: AMOUNTS FALLING DUE A FTER MORE THAN ONE YEAR
31.12.22 31.12.21
f
Other creditors 70,024 ~64 660

Incoming Resources Transfers Gains/
At 1.1.22
f		 Resources Expended In/(Out) (Losses) At 31.12.22
f.
Designated funds 805,035 (53,082) 116,740 868,693
(note 15)
General funds 5,209,428 611,880 (382,524) 1,738,369 (55,259) 7,121,894
6,014,463 611,880 (435,606) 1,855,109 (55,259) 7,990,587
Restricted Funds 840,309 840,309
6,854,772 611,880 (435,606) 1,855,109 (55,259) 8,830,896
Comparativ es
for mov		 ement
in funds
Incoming Resources Transfers Gains/
At 1.1.21
f		 Resources
f		 Expended
f		 In/(Out) (Losses) At 31.12.21
Designated funds 759,574 - (68,975) 114,436 - 805,035
(note 15)
General funds 4,685,780 561,077 (303,547) (114,436) 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

Unrestricted Restricted Total Total
funds funds funds Funds
31.12.22 31.12.22 31.12.22 31.12.21
Tangible fixed assets 4,990,772 840,309 5,831,081 3,811,637
Fixed asset investments 2,747,745 2,747,745 2,648,150
Current Assets 394,317 394,317 531,827
Creditors due within one year (72,223) (72,223) (72,182)
Creditors due in more than one year (70,024) (70,024) (64,660)
7,990,587 840,309 8,830,896 6,854,772
Comparative for net assets between funds
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		 (72,182) (72,182) (68,118)
Creditors due in more than one year (64,660) (64,660) (81,009)
6,014,463 840,309 6,854,772 6,285,663

DESIGNATED RES ERVE S
Cyclical
Repairs and Extraordinary Total
Maintenance Repairs Designated
Reserve Reserve Reserve
Balance at 1 January 2022 507,245 297,790 805,035
Resources expended (53,082) (53,082)
Transfer from General fund 116,740 116,740
Balance at 31 December 2022 570,903 297,790 868,693
Comparative
ofDesignated		 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 507,245 297,790 805,035

for the Year Ended 3 1December 2022
31.12.22 31.12.21
E
INCOME AND ENDOWMENTS
Other trading
activities
Maintenance
contributions		 606,650 544,892
Donations
and legacies		 412 2,154
Administration
fees		 3,500 14,000
610,562 561,046
Investment
income
Profit on sale ofinvestments
Dividends
received
Bank Interest Received 877 31
1,318 31
Total incoming
resources		 611,880 561,077
EXPENDITURE
Charitable
activities
Water charges 32,749 36,030
Insurance 15,013 12,818
Electricity - Outside lighting 2,038 1,950
Individual
weekly benefits		 11,089 11,440
Individual
quarterly		 benefits 6,500 6,800
Institutional
RNMDSF grant		 14,000 14,000
Repairs and maintenance 198,147 147,231
Council Tax - empty properties 2,719 3,274
Window
cleaning		 6,293 6,074
Gas service contract 24,992 19,680
Resident line rental 13,170 20,976
CareLink charges 19,718 15,006
Garden maintenance 12010 6,953
358,438 302,232
Support costs
Governance
costs
Wages 43,584 41,474
Auditors'
remuneration		 3,900 3,900
Office rent and cleaning 5,562 4,922
Telephone 966 979
Carried forward 54,012 51,275

for the Year Ended 31 Dec em ber 2022
31.12.22 31.12.21
Governance
costs
Brought forward 54,012 51,275
Postage, printing,
stationery		 and advertising 4,715 4, 142
Miscellaneous
expenses		 2,202 358
Legal &,professional
fees		 5,625 2,985
Bad debt expense 321 (50)
Almshouses
Association		 subscription 1,472 1,068
Loan interest 8,821 10,512
~77 168 70 290
Total resources expended 435,606 372,522
Net income before gains and losses 176,274 188,555
Unrealised
recognised
gains		 and losses
Unrealised
gains/(losses)		 on fixed asset investments (177,293) 177,410
Realised gains and losses
Profit on sale offixed assets 122,034 203,144
Net income 121,015 ~569 109