#
##
##
##
|||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|||||
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|||||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|
#
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##
|||||||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|
#
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|||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.|
##
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##
##
||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|