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2020-12-31-accounts

Trustees G Hughes
R Hodgson
G Nicholson
D Rudland
R Fenton
A Banks
L Russell
C Hewitt
Officers
Chair R Hodgson
Honorary Treasurer G Hughes
Honorary Secretary R Hodgson
Charity number 1055435
Company number 03192077
Principal address 231Windmill Lane
Cheshunt
Hertfordshire
EN8 9AJ
Registered office 231 Windmill Lane
Cheshunt
Hertfordshire
EN8 9AJ
Independent examiner Gary Howard FCA
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 ONE
Bankers CAF Bank
25 Kings Hill Avenue
West Mailing
Kent
ME19 4JQ
Lloyds Bank Pic
1 Bircherley Street
Hertford
Hertfordshire
SG14 1BU

HERTFORDSHIRE YOUNG MARINERS, BASE LEGALAND ADMINISTRATIVE INFORMATION 8ank•rs {continu¢dl Scottish Wdows PO Box 12757 67 Morrison Street Edinburgh EH3 8YJ Shawbrook Bank Ltd Lulea Hou$• Warfey Hill Business Park The Drive Great Warley Brentwood Essex CM133BE

Current financial year
Unrestricted Restricted Endowment Total Total
funds funds funds
2020 2020 2020 2020 2019
Notes C*J ti W ui
Income from:
Voluntary income 3 107,278 2,260 - 109,538 10,058
Operation of Mariners' Base 4 143,055 9,002 - 152,057 259,668
Investments 5 387 - - 387 763
Total income 250,720 11,262 - 261,982 270,489
Expenditure on:
Operation of Mariners' Base 6 297,931 - 22,558 320,489 373,208
Net movement in funds (47,211)11,262(22,558) (58,507) (102,719)
Fund balances at 1 January 2020 196,5791,359 615,227 813,165 915,884
Fund balances at 31 December
2020 149,36812,621 592,669 754,658 813,165
Prior financial year
Unrestricted Restricted EndowmentTotal
fundsfundsfunds
2019 2019 2019 2019
Notes w
Income from:
Voluntary income3 10,058 10,058
Operation of Mariners' Base4 259,438 230 - 259,668
Investments5 763 763
- -
Total income 270,259 230 - 270,489
Expenditure on:
Operation of Mariners' Base 350,650 - 22,558 373,208
Net movement in funds (80,391) 230 (22,558) (102,719)
Fund balances at 1 January 2019 276,970 1,129 637,785 915,884
Fund balances at 31 December 2019 196,579 1,359 615,227 813,165

All income funds
2020 2019
Gross income 261,982 270,489
Total expenditure from income funds 297,931 350,650
Net expenditure for the year (35,949) (80,161

2020 2019
Notes
Fixed assets
Tangible assets 10 682,071 712,203
Current assets
Stocks 11 1,062 1,062
Debtors 12 29,921 17,585
Cash at bank and in hand 120,867 133,026
151,850 151,673
Creditors: amounts falling due within
one year 14 (34,263) (50,711)
Net current assets 117,587 100,962
Total assets less current liabilities 799,658 813,165
Creditors: amounts falling due after
more than one year 15 (45,000)
Net assets 754,658 813,165
Capital funds
Endowment funds - general 17 592,669 615,227
Income funds
Restricted funds 18 12,621 1,359
Unrestricted funds 149,368 196,579
754,658 813,165

Unrestricted Restricted Total Unrestricted
funds funds funds
2020 2020 2020 2019
Donations and gifts 1,335 2,260 3,595 10,058
Core grant support for Mariners Base 105,943 105,943
107,278 2,260 109,538 10,058
Grants receivable for core activities
Coronavirus Job Retention Scheme Grant 77,943 - 77,943 -
Covid19 grants - Borough of Broxbourne 28,000 28,000
105,943 - 105,943 -
Operation of Mariners' Base
Core Core charitable
charitable activities
activities
2020 2019
Courses and instruction 142,134 252,092
Performance related grants 9,002 -
Solar electricity income 921 4,827
Cops income - 230
Sale of sailing accessories - 2,519
152,057 259,668
Analysis by fund
Unrestricted funds 143,055 259,438
Restricted funds 9,002 230
152,057 259,668
Performance related grants
The National Lottery Community Fund 950
Co-Op Local Community Fund 2,402
Hertfordshire County Council Locality Budget Grants 5,650
9,002
Investments
Unrestricted Unrestricted
funds funds
2020 2019
Interest receivable 387 763
2020 2019
Staff costs 238,731 261,855
Depreciation and impairment 30,132 30,122
Project costs - 4,002
Premises costs 8,760 3,403
Insurance 14,702 17,073
Repairs and maintenance costs 4,956 22,471
Office costs 4,517 5,021
Computer and website costs 2,195 4,243
Motor and travel expenses 402 2,274
Promotion and publicity 1,461 1,099
General costs 1,553 2,470
Legal and professional costs 4,794 4,000
Governance costs 1,600 1,500
Bank charges and other finance costs 1,153 1,370
Irrecoverable VAT 4,416 7,938
Staff training 1,117 4,367
320,489 373,208
Analysis by fund
Unrestricted funds 297,931
Endowment funds - buildings 22,558
320,489
For the year ended 31December 2019
Unrestricted funds 350,650
Endowment funds - buildings 22,558
373,208

2020 2019
Number Number
Charitable activities 19 18
Administration 2 2
Total 21 20
Employment costs 2020 2019
tit
Wages and salaries 216,473 236,344
Social security costs 10,071 11,857
Other pension costs 12,187 13,654
238,731 261,855

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11Stocks
2020 2019
Finished goods and goods for resale 1,062 1,062
12Debtors
2020 2019
Amounts falling due within one year:
Trade debtors 1,543 13,170
Other debtors 25,000
Prepayments and accrued income 3,378 4,415
29,921 17,585
13 Loans and overdrafts
2020 2019
Bank loans 50,000 -
Payable within one year 5,000 -
Payable after one year 45,000
2020 2019
Notes ta tit
Bank loans 13 5,000
Other taxation and social security 3,276 4,063
Deferred income 16 - 27,899
Trade creditors 713 1,024
Other creditors 21,288 14,559
Accruals and deferred income 3,986 3,166
34,263 50,711

2020 2019
Notes
Bank loans 13 45,000
16 Deferred income
2020 2019
Other deferred income 27,899
Balance at Resources Balance at Resources Balance at
1 January 2019 expendedi January 2020 expended 31 December
2020
Permanent endowments
Sailing centre, climbing wall and caving
complex 637,785 (22,558) 615,227 (22,558) 592,669
637,785 (22,558) 615,227 (22,558) 592,669

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1 January 2019 resourcesi January 2020 resources 31 December
2020
Cheshunt Olympic Preparation Squad 1,129 230 1,359 1,359
The National Lottery Community Fund 950 950
Co-Op Local Community Fund 2,402 2,402
Roof Repair Fund 7,910 7,910
1,129 230 1,359 11,262 12,621
Cheshunt Olympic Preparation Squad (COPS) represents funds raised and expended for COPS.
The National Lottery Community Fund and the Co-op Local Community Fund are both in respect of new
equipment which will be acquired as soon as circumstances permit.
The Roof Repair Fund comprises crowdfunding for roof repairs and Locality Budget grants from
Hertfordshire County Councillors.
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