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REGISTERED COMPANY NUMBER: 08931930 (England and Wales)
REGISTERED CHARITY NUMBER: 1206927














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Great Yarmouth Seafarers Centre Ltd

Great Yarmouth Seafarers Centre Ltd






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 9

Great Yarmouth Seafarers Centre Ltd (Registered number: 08931930)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08931930 (England and Wales)

Registered Charity number
1206927

Registered office
136 Palgrave Road
Great Yarmouth
Norfolk
NR30 1QE

Trustees
Mrs J Edmonds

Company Secretary
Mrs J Edmonds

Approved by order of the board of trustees on 15 November 2024 and signed on its behalf by:





Judith Edmonds
Mrs J Edmonds - Secretary

Great Yarmouth Seafarers Centre Ltd

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,914 16,208

Other trading activities 2 780 780
Total 2,694 16,988

EXPENDITURE ON
Charitable activities
Seafarers Centre 689 -
Seafarers Christmas Gift Bag 326 200
Insurance 733 698
Phones/IT 864 937
GTYarmouth Minster - 500
Mission to seafarers - 7,250
Centre maintenance 1,553 524
Computer costs 80 150
Refreshment Costs 524 319
TV Licence 159 159
BT Sports 230 200
ICO Data protection 40 40
GYBC Lottery Fee 20 20
Centre management and administration 373 130
Utilities 2,432 2,323
Total 8,023 13,450

NET INCOME/(EXPENDITURE) (5,329 ) 3,538


RECONCILIATION OF FUNDS
Total funds brought forward 22,665 19,127

TOTAL FUNDS CARRIED
FORWARD

17,336

22,665

Great Yarmouth Seafarers Centre Ltd (Registered number: 08931930)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 17,336 22,665

NET CURRENT ASSETS 17,336 22,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,336

22,665

NET ASSETS 17,336 22,665
FUNDS 5
Unrestricted funds 17,336 22,665
TOTAL FUNDS 17,336 22,665

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Great Yarmouth Seafarers Centre Ltd (Registered number: 08931930)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by Michael Hewitt the Board of Trustees and authorised for issue on 15 November 2024 and were signed on its behalf by:





J Edmonds - Trustee

Great Yarmouth Seafarers Centre Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Great Yarmouth Seafarers Centre Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
(50/50 Draw) 780 780

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,208

Other trading activities 780
Total 16,988

EXPENDITURE ON
Charitable activities
Seafarers Christmas Gift Bag 200
Insurance 698
Phones/IT 937
GTYarmouth Minster 500
Mission to seafarers 7,250
Centre maintenance 524
Computer costs 150
Refreshment Costs 319
TV Licence 159
BT Sports 200
ICO Data protection 40
GYBC Lottery Fee 20

Great Yarmouth Seafarers Centre Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
Centre management and administration 130
Utilities 2,323
Total 13,450

NET INCOME 3,538


RECONCILIATION OF FUNDS
Total funds brought forward 19,127

TOTAL FUNDS CARRIED
FORWARD

22,665

5. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 22,665 (5,329 ) 17,336

TOTAL FUNDS 22,665 (5,329 ) 17,336

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,694 (8,023 ) (5,329 )

TOTAL FUNDS 2,694 (8,023 ) (5,329 )

Great Yarmouth Seafarers Centre Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 19,127 3,538 22,665

TOTAL FUNDS 19,127 3,538 22,665

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 16,988 (13,450 ) 3,538

TOTAL FUNDS 16,988 (13,450 ) 3,538

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 19,127 (1,791 ) 17,336

TOTAL FUNDS 19,127 (1,791 ) 17,336

Great Yarmouth Seafarers Centre Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 19,682 (21,473 ) (1,791 )

TOTAL FUNDS 19,682 (21,473 ) (1,791 )

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.