2022-12-31-accounts - West Wales Maritime Heritage Society

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	SORP reference
Summary ofthe purposes of the charity as set out in its governing document		The promotion ofeducation ofthe General Public In Maritime History and the preservation ofVessels, Buildings
		and sites oflocal historical intemst
Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17anrf 1.19	The rebuilding and restoration of Wooden Boats, including the Charterhouse Lifeboat Project. Establishing and maintaining our Iluseum whilst working towards Accreditation. Establishing the Escape Boatas avisitor attraction
Statement confirming	Pere 1.18	The trustees have had
whether the trustees have had regard to the guidance issued by the Charity		regard tothe Charity Commission's guidance on public benefit
Commission on public
benefit

				SORP reference
				Para 1,38
Policy on	grant making
				Pars 1.38
Policy on	social investment
including	program		related
investment
					We are grateful for the many hours
				Pars 1.38	volunteers,	including member
Contribution volunteers		made	by		volunteers, have spent listening and encouraging our members and working with the general public who visit our
					museum. Without this valuable
					contribution	oftime, energy	and
					expertise we would not have been able
					to achieve so much.

Achieve	men	ts	and Per	formance
				SORP nHaranca
					The Museum and Boatyard provides an
					insight to the local history of
					Boatbuilding by providing information
Summary ofthe main achievements ofthe charity,				Para 1.20	and giving tours to members ofthe General Public both local and
identifying	the difference the				holidaymakers. The more
charity's work		has made to			Holidaymakers we attract, the more
the circumstances beneficiaries and			of its any wider		benefit to the local economy. By attracting more local members to the
benefits to society as a					Society, we help to preserve the
whole.					Maritime Heritage ofthe area for future
					generations.
					Since rempening after the Covid
					Pandemic, we have seen visitor
					numbers increase and our Museum is
					working towards full accreditation. Year
					on year visitor numbers have increased
					greatly with only positive feedback on
					websites such as Trip Advisor, Google and Facebook. An increasing number of
					visitors are from the local area, which
					has resulted in more members being
					recruited.

Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's			Pars 1.21	Cash at bank at	31/12/2022 was 656,035 in
financial position at	the end			unrestricted funds. The main financial risk to
ofthe period				the charity is loss offunding from grant
				applications and	reduced donations. The	funds
				are held to cover 12months operational		costs
				in the event ofa	loss ofincome and to meet
				any unforeseen	expenditure that ma occur.
Statement explaining the policy for holding reserves			Pars 1.22	For future operating expenditure.
statin wh the are	held
Amount ofreserves	held		Para 1.22	g47 061
Reasons for holding	zero		Para 1.22
reserves
Details offund materially		in	Para 1.24	Not Applicable
deficit
Explanation ofany			Pars 1.23	Ifwe fail to cont)nue toattract new
uncertainties about the				members and	visitors, itwould be
charity continuing as a going				diflicult tocontinue as we currently
concern				o rate.

concern			o rate.		y
Additional information	(optional)
You ma choose to include further statements			where relevant about
			Main funding	comes from Donations
The charity's principal sources offunds (including any fundraising)		Para 147	from visitors, Members subs, from moorings in the boatyard, and holding events throughout		Rental grants the year.
Investment policy and
objectives including any		Para 1.4a
social investment policy
adopted
A description ofthe principal		Para cae
risks facing the charity
Other

Description ofcharity's		NIA
trusts:
Type of governing document	Pais 1.25
trust deed, ro ai charter
How is the charity constituted 2	Para 1.25	Private exempt	Company limited by under section 30				guarantee,
(e.g unincorporated
association, CIO
Trustee selection methods including details ofany	Para 1.25	Trustees are appointed annually at				or reappointed
constitutional provisions e.g.		the Annual		General	Ititeeting		held in
election to post or name of		Nlarch
any person or body entitled
to appoint one or more
trustees

Additional information	Additional information	(optional)
You ma choose to include further statements			where relevant	about:
Policies and	procedures
adopted forthe induction		Para 1.51
and trainirtg	oftrustees
The charity's	organisational
structure and	any wider	Para 1.51
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

Charit name	West Wales Maritime	West Wales Maritime	Herita eSociet
Other name the charit uses
Re istered chari number	1042428
Charity's principal address	Hancocks Yard,	Front	Street, Pembroke	Dock,
	Pembrokeshire,	SA72	6JY

ame	s ofthe charity tru	stees who manage	the charity
	Trustee name	ONce (ifany)	Dates acted ifnot forwhole ear	Name toa	ofperson (or body) entttted int trustee ifan
	Peter Kraus	Chairman	25/04/2022
2	Philip Jones	Treasurer
3	Philip Collins	Secretary	25/04/2022
4	Neil Brown		25/04/2022
5	Stuart Asman
6	David Millard
7	Stephen Preece
6	Brian King
9
10
11
12
13
14
15
16
17
16
19
20

Additional information (optional)
Names and addresses ofadvisers (Opsonal information)
Type of Name Address
adviser
Name ofchief executive or names ofsenior staff members	(Optional information)

YEAR ENDED 31 DECEMBER	2022
				2021
	Notes
FIXEDASSETS			65,704		43,950
CURRENT ASSETS
Stock Debtors Bank and Cash		81 195 56,035		0 '1,232 46,537
CURRENT LIABILITIES		56,311		47,769
Other creditors and accruals		-517		-261
				-261
NET CURRENT ASSETS			55,794		47,508
TOTAL NET ASSETS			121,498		91,458
Represented by:
Reserves			121,498		91,458

FIXEDASSETS
		Net BookValue	Depreciation	Disposals	Additions	Net BookValue
		1 January 2022 6	Charge for year 8			31 December 2022
Outboard Motors Mooring Trailers VHF Radios/Lifejackets Projectors/Laptops/Printers ii/keenan Display Screens Workshop Tools Lugger Herkege Boats Under Restoration	(nominal	1,201 1 340 154 1,752 291 1,705 32,805 I	-120 0 -34 -15 -175 -29 -170 -3,280			1,081 1 306 139 1,577 262 1,535 29,525
Loch Melfort AddNons in year: Shed and Slipway		5,700	-570		26,147	1 5,130 26,147
Total		43,	-4,393	0	26,147	65,704