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2022-12-31-accounts

Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees' report
Independent
examiner's
report		 7-8
Consolidated
statement
offinancial activities
Consolidated
balance sheet		 10-11
Charity balance sheet 12-13
Notes to the financial statements 14-36

REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees P M Bray
Dr RJ A Cadman (appointed
11 February 2022)
I R Cartwright (resigned 25 October 2022)
M Coupe (appointed 11 February 2022)
A F Drew, Vice Chairman
N G Hopkinson
Rev N H Khambatta, Chairman
KJ Nelson (appointed 27 April 2022)
R E Smith
G Wilkes
Company registered
number 3114407
Charity registered
number 1052303
Registered offic Hunters
Yard
Horsefen Road
Ludham
Great Yarmouth
NR29 5QG
Company secretary P M Bray
Base Manager and Mrs V M Walker
Administrator
Independent Examiner Larking Gowen LLP
Chartered
Accountants
Prospect House
Rouen Road
Norwich
NR1 1RE
Bankers Natwest
32 Market Place
Dereham
NR19 2AR
Solicitors Cozens Hardy LI P
Opie Street
Norwich
NR1 3DP

Restricted Unrestricted Total Total
funds funds funds funds
2022 2022 2022 2021
Note 6 6 6
Income from:
Donations
and legacies		 3,010 44,089 47,099 78,339
Charitable
activities		 198,986 198,986 221,132
Other trading
activities		 71,862 71,862 43,899
Investments 64 64 3
Other income 1,389 1,389 1,640
Total income 3,010 316,390 319,400 345,013
Expenditure
on:
Raising funds 14,378 14,378 3,825
Charitable
activities		 622 357,688 358,310 283,587
Total expenditure 622 372,066 372,688 287,412
Net income/(expenditure) before net
losses on investments 2,388 (55,676) (53,288) 57,601
Net losses on investments 13 (6,395) (6,395) (2681)
Net income/(expenditure) 2,388 (62,071) (59,683) 54,920
Transfers
between		 funds 18 (9,010) 9,010
Net movement
in		 funds before other
recognised
gains		 (6,622) (53,061) (59,683) 54,920
Other recognised gains:
Actuarial
gains on		 defined benefit
pension scheme 21 1,000 1,000 74,000
Net movement
in		 funds (6,622) (52,061) (58,683) 128,920
Reconciliation
of		 funds:
Total funds brought forward 26,699 578,723 605,422 476,502
Net movement
in funds		 (6,622) (52,061) (58,683) 128,920
Total funds carried forward 20,077 526,662 546,739 605,422

2022 2021
Note 6
Fixed assets
Tangible assets 12 369,834 381,475
Investments 13 58,045 64,440
427,879 445,915
Current assets
Stocks 14 40,063 38,576
Debtors 15 29,553 98,489
Cash at bank and in hand 116,236 191,297
185,852 328,362
Creditors: amounts falling due within one
year (53,218) (139,496)
Net current assets 132,634 188,866
Total assets less current liabilities 560,513 634,781
Creditors: amounts falling due after more
than one year 17 (13,774) (20,359)
Net assets excluding pension asset /
liability 546,739 614,422
Defined benefit pension scheme asset I
liability 21 (9,000)
Total net assets 546,739 605,422
Charity funds
Restricted funds 18 20,077 26,699
Unrestricted
funds		 18 526,662 578,723
Total funds 546,739 605,422

2022 2021
Note 6 8
Fixed assets
Tangible assets 12 369,834 381,475
Investments 13 58,047 64,442
427,881 445,917
Current assets
Stocks 14 26,624 29,519
Debtors 15 19,793 35,352
Cash at bank and in hand 111,161 181,991
157,578 246,862
Creditors: amounts falling due within one
year 16 (24,946) (57,998)
Net current assets 132,632 188,864
Total assets less current liabilities 560,513 634,781
Creditors: amounts falling due after more
than one year 17 (13,774) (20,359)
Net assets excluding pension asset)
liability 546,739 614,422
Defined benefit pension scheme asset I
liability 21 (9,000)
Total net assets 546,739 605,422
Charity funds
Restricted funds 18 20,077 26,699
Unrestricted
funds		 18 526,662 578,723
Total funds 546,739 605,422

Restricted Unrestricted Total
funds funds funds
2022
8		 2022
f		 2022
8
Donations 10 11,895 11,905
Legacies 1,000 1,000
Grants 3,000 17,100 20,100
Government covid grants 4,000 4,000
Subscriptions 10,094 10,094
Total 2022 3,010 44,089 47,099
Restricted Unrestricted Total
funds funds funds
2021 2021
5		 2021f
Donations 6,000 14,026 20,026
Grants 32,166 32,166
Government covid grants 15,143 15,143
Subscripiions 11,004 11,004
Total2021 36,166 40,173 78,339

Unrestricted Total
funds funds
2022 2022
8 5
198,986 198,988

Unrestricted Total
funds funds
2021 2021
6
Hire income 221,132 221,132

Unrestricted Total
funds funds
2022 2022
6 6
Mooring income 43,941 43,941
Friends AGM and events 4,040 4,040
Merchandise and other income 23,881 23,881
71,862 71,862
Unrestricted Total
funds funds
2021
6		 2021f
Mooring income 34,608 34,608
Friends AGM and events 1,990 1,990
Merchandise and other income 7,301 7,301
43,899 43,899

Unrestricted Total
funds funds
2022 2022
8 6
Bank deposit interest - Trust 58 58
Bank deposit interest - Friends ofthe Hunter Fleet 6 6
84 64
Unrestricted Total
funds funds
2021 2021f

Unrestricted Total
funds funds
2022 2022
6 6
Other income 1,389 1,389

Unrestricted Total
funds funds
2021 2021
Furlough income 590 590
Government interest contribution 1,050 1,050
1,640 1,640

Restricted Unrestricted
funds funds Total
2022
6		 2022
6		 2022f
Salaries, wages (incl pension contributions) and training 182,500 182,500
Light, heat, water and rates 7,281 7,281
Motor 2,795 2,795
Materials and repairs 622 69,642 70,264
Laundry 2,757 2,757
Insurance 9,463 9,463
River tolls 8,060 8,060
Depreciation 29,606 29,606
Websits 5,617 5,617
Supportcosts 39,967 39,967
622 357,688 358,310

(continued)
Restricted Unrestricted
funds funds Total
2021 2021f 2021
6
Salaries, wages (incl pension contributions) and training 8,560 151,622 160,182
Light, heat, water and rates 2,683 2,394 5,077
Motor 3,228 3,228
Materials
and repairs		 3,854 29,702 33,556
Laundry 2,597 2,597
Insurance 7,316 7,316
River tolls 7,150 7,150
VAT adjustment 636 636
Depreciation 27,419 27,419
(Profit)l loss on disposal (197) (197)
Website 4,714 4,714
Support costs 31,909 31,909
15,097 268,490 283,587

8. Analysis of S upport Cost s
2022
6		 2021f
Friends ofthe Hunter Fleet expenditure 8,631 4,992
Telephone
and postage		 2,217 2,157
Insurance 566 559
Accountancy and independent examination 5,802 5,485
Professional fees 1,259 348
Advertising 5,789 3,233
Office Costs 2,128 1,515
Marketing 2,886
Sank charges 3,049 3,637
Subscriptions 664 105
Website booking 2,667 3,333
Sundries 4,309 5,543
39,967 31,909
9. Independent examiner's remuneration
2022f 2021
Fees payable to the Charity's independent examiner for the independent
examination ofthe Charity's annual accounts 3,600 3,570

Staff costs
Group Group Charity Charity
2022
6		 2021
6		 2022f 2021f
Wages and salaries 159,729 138,919 159,729 138,919
Social security costs 8,146 6,863 8,146 6,863
Contribution to defined contribution pension
schemes 2,625 1,505 2,625 1,505
Operating costs ofdefined benefit pension
schemes 12,000 12,820 12,000 12,820
182,500 160,107 182,500 160,107
Group Group Charity Charity
2022 2021 2022 2021
No. No. No. No.

Freehold
land, Plant &
buildings office Motor
and dykef equipmentf vehiclesf Hire Fleetf Totalf
Cost orvaluation
At 1 January 2022 308,977 92,333 5,992 185,827 593,129
Additions 17,966 17,966
At 31 December 2022 308,977 110,299 5,992 185,827 611,095
Depreciation
At 1 January 2022 45,689 66,498 1,662 97,805 211,654
Charge for the year 4,176 19,139 1,659 4,633 29,607
At 31 December 2022 49,865 85,637 3,321 102,438 241,261
Net book value
At 31 December 2022 259,112 24,662 2,671 83,389 369,834
At 31December 2021 263,288 25,835 4,330 88,022 381,475

Listed
Group investmentsf
Cost or valuation
At 1 January 2022 64,440
Revaluations (6,395)
At 31 December 2022 58,045
Investments
in
subsidiary Listed
Charity companies
f		 investments
f		 Totalf
Cost or valuation
At 1 January 2022 2 64,440 64,442
Revaluations (6,395) (6,395)
At 31 December 2022 2 58,045 58,047

Name Company Principal Principal activity Holding
number
Hunter's Fleet Limited 03157685 Hire fleet operators 100'/o
The financial results ofthe subsidiary for the year were:
Name Incomef Expendituref Profiti(Loss
)ISurplusi		 Net assetsf
(Deficit) for
the yearf
Hunter's Fleet Limited 227,689 (202,969) 24,720
14. Stocks
Group Group Charity Charity
2022f 2021f 2022f 2021f
Merchandise and other stocks 40,063 38,576 26,624 29,519
15. Debtors
Group Group Charity Charity
2022f 2021 2022f 2021f
Due within one year
Trade debtors 18,957 83,654 155 14,496
Amounts owed by group undertakings 9,042 6,021
Other debtors 1,997 4,693 1,997 4,693
Prepayments and accrued income 8,599 10,142 8,599 10,142
29,553 98,489 19,793 35,352

Group Group Charity Charity
2022f 2021f 2022f 2021f
Trade creditors 4,969 (169) 1,428 (169)
Other taxation and social security 14,168 14,168
Other creditors 1,891 1,791
Accruals and deferred income 48,249 123,606 23,518 42,208
53,218 139,496 24,946 57,998
Group Group Charity Charity
2022f 2021 2022
6		 2021f
Deferred income at 1 January 2022 127,260 60,073 47,312 5,247
Resources deferred during the year 23331 127,260 47,312
Amounts released from previous periods (106,599) (60,073) (26,651) (5,247)
Deferred income at 31 December 2022 43,992 127,260 20,661 47,312

Group Group Charity Charity
2022
6		 2021f 2022f 2021f
Accruals and deferred income 13,774 20,359 13,774 20,359

Balance at
Balance at 1 31
January Transfers Gains/ December
2022 Income Expenditure In/out (Losses) 2022
6 6 6 6 6 6
Unrestricted
funds
Designated
funds
Provision for
pension deficit (9,000) (12,000) 20,000 1,000
Friends ofthe
Hunter Fleet 17,066 23,110 (8,631) (16,794) 14,751
Repair 24,987 24,987
33,053 23,110 (20,631) 3,206 1,000 39,738
General funds
General Funds 545,670 293,280 (351,435) 5,804 (6,395) 486,924
Total
Unrestricted
funds 578,723 316,390 (372,066) 9,010 (5,395) 526,662
Restricted
funds
Heritage Lottery 10,699 10,699
Alan Boswell 10,000 (622) 9,378
Electric Engine
Fund 6,000 3,010 (9,010)
26,699 3,010 (622) (9,010) 20,077
Total offunds 605,422 319,400 (372,688) (5,395) 546,739

Statement offunds Statement offunds (continued)
Statement offunds -prior year
Balance at
Balance at 31
1January Transfers Gains/ December
2021
6		 Income
6		 Expenditure
2		 inloutf (Losses)f 2021
Unrestricted
funds
Designated
funds
Provision for
pension deficit (90,000) 81,000 (9,000)
Friends ofthe
Hunter Fleet 29,934 22,124 (34,992) 17,066
Repair 24,987 24,987
(35,079) 22,124 (34,992) 81,000 33,053
General funds
General Funds 495,251 284,723 (237,323) (68,300) 71,319 545,670
Total
Unrestricted
funds 460,172 306,847 (272,315) 12,700 71,319 578,723
Restricted
funds
Heritage Lottery 16,330 22,166 (15,097) (12,700) 10,699
Alan Boswell 10,000 10,000
Electric Engine
Fund 6,000 6,000
16,330 38,166 (15,097) (12,700) 26,699
Total offunds 476,502 345,013 (287,412) 71,319 605,422

Summary
offun		 ds
-current year
Balance at
Balance at 1 31
January Transfers Gains/ December
2022 Income Expenditure in/out (Losses) 2022
8 6 6 6
Designated
funds 33,053 23,110 (20,631) 3,206 1,000 39,738
General funds 545,670 293,280 (351,435) 5,804 (6,395) 486,924
Restricted funds 26,699 3,010 (622) (9,010) 20,077
605,422 319,400 (372,688) (5,395) 546,739

Summary
offund		 s - prior year
Balance at
Balance at 31
1January Transfers Gains/ December
2021 income
f		 Expenditure inlout (Losses) 2021f
Designated
funds (35,079) 22,124 (34,992) 81,000 33,053
General funds 495,251 284,723 (237,323) (66,300) 71,319 545,670
Restricted funds 16,330 38,166 (15,097) (12,700) 26,699
476,502 345,013 (287,412) 71,319 605,422

Analysis ofnet assets between funds
-current		 year
Restricted Unrestricted Total
funds funds funds
2022
f		 2022
f		 2022f
Tangible
fixed assets		 369,834 369,834
Fixed asset investments 58,045 58,045
Current assets 20,077 165,775 185,852
Creditors due within one year (53,218) (53,218)
Creditors due in more than one year (13,774) (13,774)
Total 20,077 526,662 546,739

Analysis ofnet assets between funds - prior ye ar
Restricted Unrestricted Total
funds funds funds
2021
f		 2021 2021
6
Tangible fixed assets 381,475 381,475
Fixed asset investments 64,440 64,440
Current assets 26,699 301,663 328,362
Creditors due within one year (139,496) (139,496)
Creditors due in more than one year (20,359) (20,359)
Provisions
for liabilities and charges		 (9,000) (9,000)
Total 26,699 578,723 605,422

Principal actuarial
assumptions
at the Balance shee		 t date (expressed as weighted
averages):
At 31 Af 31
December December
2022 2021
Discount rate 4.75 1.85
Future salary increases 3.80 3.65
Future pension increases 3.10 2.95
Inflation
assumption		 3.10 2.95

At 31 At 31
December December
2022 2021
Years Years
Mortality rates (in years)
-fora male aged 65 now 21.7 21.9
-at 65 for a male aged 45 now 22.9 23.2
-for a female aged 65 now 24.1 24.3
- at 65for a female aged 45 now 26 26.2

Sensitivity
analysis
At 31 At 31
December December
2022
6		 2021
f
Discount rate -0.1% 6,000 10,000
Mortality assumption - 1 year increase 18,000 27,000
Salary rate +0.1% 1,000
CPI rate +0.1% 6,000 9,000
below was :
At 31 At 31
December December
2022f 2021f
Equities 305,270 334,560
Corporate bonds 218,050 223,040
Property 80,990 72,160
Cash and other liquid assets 18,690 26,240
Total fair value ofassets 623,000 656,000

2022
6		 2021f
Current service cost 12,000 f2,000
Interest income (12,000) (7,000)
Interest cost 12,000 8,000
Total amount recognised in the Consolidated statement of financial
activities 12,000 13,000
Movements
in		 the present value ofthe defined benefit obligation were as follows:
2022f
Opening
defined benefit obligation		 665,000
Current service cost 12,000
Interest cost 12,000
Contributions
by scheme participants		 2,000
Actuarial
gains		 (227,000)
Benefits paid (19,000)
Closing defined
benefit		 obligation 445,000
Movements
in		 the fair value ofthe Group's share ofscheme assets were as follows:
2022
6
Opening
fair value ofscheme assets		 656,000
Expected
return on assets		 12,000
Actuarial
(losses)/gains		 (48,000)
Contributions
by employer		 20,000
Contributions
by scheme		 participants 2,000
Benefits paid (19,000)
Derecognition of surplus (178,000)
Closing fair value ofscheme assets 445,000

During the year the gro up raised invoices, under normal commercial
t		 erms t o the followin g Trustees
2022 (8) 2021(E)
P M Bray Winter storage, mooring fees &anniversary book 2,582 2,516
Rev N H Khambatta Mooring fees and merchandise 1,100 1,158
I R Cartwdight Boat hire Nil 783
N Hopkinson Winter storage and merchandise 640 686
R Smith Winter storage & materials 704 684
G Wilkes Books 720 20
R Cadman Boat Hire 553 Nil