|||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|||
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|||||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|
##
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|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|