GRIMSBY SAILORS AND FISHING CHARITY

Registered charity 500816 · accounts filings on the Charity Commission register · also known as SMEDLEY COTTAGES, THE GRIMSBY AND DISTRICT HOMES FOR POOR AND AGED WORKERS FISH TRADE

The purpose of the Charity is to maintain almshouses in the Grimsby area for use by retired sailors, fish trade workers and their wives or widows

Causes: Accommodation/housing · Get email alerts

Latest income
£712k
Latest spending
£579k
Registered
1971
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net movement in funds surplus of £298,057 for the year ended 31 December 2024. Per the trustees' report, unrestricted reserves stood at £8,564,356, with total charity funds reaching £9,404,665. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Maintenance contributions (100% of income)
“Maintenance contributions 708,643” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£712k
Total spending
£579k
Reserves (reported)
£8.6m
Employees
2

Reported reserves equal ~177.5 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Other trading activities (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: North East Lincolnshire

Income and spending

Financial year endIncomeSpending
31/12/2024£712k£579k
31/12/2023£663k£573k
31/12/2022£734k£436k
31/12/2021£764k£373k
31/12/2020£590k£398k

Common questions

Is GRIMSBY SAILORS AND FISHING CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net movement in funds surplus of £298,057 for the year ended 31 December 2024. Per the trustees' report, unrestricted reserves stood at £8,564,356, with total charity funds reaching £9,404,665. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Xeinadin Audit Limited.