| Trustees | G Hughes |
|---|---|
| R Hodgson | |
| G Nicholson | |
| D Rudland | |
| R Fenton | |
| L Russell | |
| C Hewitt | |
| D Hewitt | |
| JPick | |
| Officers | |
| Chair | R Hodgson |
| Honorary Treasurer | G Hughes |
| Honorary Secretary | R Hodgson |
| Charity number | 1055435 |
| Company number | 03192077 |
| Principal address | 231 Windmill 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 LEGAL AND ADMINISTRATIVE INFORMATION Bankors 1¢ontIndI Scottish Widows PO Box 12757 67 Morrison Street Edinburgh EH3 BYJ Shawbrook Bank Ltd Lutea House Warfey Hill Bu%ness Park The Drive Great Warfgy BrenOOd Essex CM13 38E
| Current financial year | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedRestricted Endowment | Total | Total | ||||
| fundsfunds | funds | |||||
| 20222022 | 2022 | 2022 | 2021 | |||
| Notes | ||||||
| Income and endowments from: | ||||||
| Voluntary income | 3 | 25,266 | 25,266 | 57,691 | ||
| Operation of Mariners' Base | 4 | 285,376 | 2,200 | 287,576 | 229,937 | |
| Investments | 5 | 267 | 267 | 29 | ||
| Other income | 6 | 5,570 | 5,570 | |||
| - | ||||||
| Total income | 316,479 | 2,200 | 318,679 | 287,657 | ||
| Ex^enditure on: | ||||||
| Operation of Mariners' Base | 7 | 295,064 | 5,765 | 22,558 | 323,387 | 287,629 |
| Net movement in funds | 21,415 | (3,565) | (22,558) | (4,708) | 28 | |
| Fund balances at 1January 2022 | 167,435 | 17,140 | 570,111 | 754,686 | 754,658 | |
| Fund balances at 31December | ||||||
| 2022 | 188,850 | 13,575 | 547,553 | 749,978 | 754,686 |
| Prior financial year | |||||
|---|---|---|---|---|---|
| Unrestricted Restricted | Endowment | Total | |||
| fundsfundsfunds | |||||
| 2021 | 2021 | 2021 | 2021 | ||
| Notes | |||||
| Income and endowments from: | |||||
| Voluntary income | 3 | 56,701 | 990 | - | 57,691 |
| Operation of Mariners' Base | 4 | 219,937 | 10,000 | - | 229,937 |
| Investments | 5 | 29 | - | - | 29 |
| Total income | 276,667 | 10,990 | - | 287,657 | |
| Expenditure on: | |||||
| Operation of Mariners' Base | 7 | 258,600 | 6,471 | 22,558 | 287,629 |
| Net movement in funds | 18,067 | 4,519 | (22,558) | 28 | |
| Fund balances at 1 January 2021 | 149,368 | 12,621 | 592,669 | 754,658 | |
| Fund balances at 31 December 2021 | 167,435 | 17,140 | 570,111 | 754,686 | |
| The statement of financial activities includes all gains and losses recognised in the year. | |||||
| All income and expenditure derive from continuing activities. |
| All income funds | ||
|---|---|---|
| 2022 | 2021 | |
| Gross income | 318,679 | 287,657 |
| Total expenditure from income funds | 300,829 | 265,071 |
| Net income for the year | 17,850 | 22,586 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | |||
| Fixed assets | |||
| Tangible assets | 11 | 629,328 | 655,773 |
| Current assets | |||
| Stocks | 12 | 156 | 33 |
| Debtors | 13 | 8,849 | 8,886 |
| Cash at bank and in hand | 170,909 | 155,399 | |
| 179,914 | 164,318 | ||
| Creditors: amounts falling due within | |||
| one year | 15 | (49,264) | (51,405) |
| Net current assets | 130,650 | 112,913 | |
| Total assets less current liabilities | 759,978 | 768,686 | |
| Creditors: amounts falling due after | |||
| more than one year | 16 | (10,000) | (14,000) |
| Net assets | 749,978 | 754,686 | |
| Capital funds | |||
| Endowment funds - general | 18547,553570,111 | ||
| Income funds | |||
| Restricted funds | 1913,57517,140 | ||
| Unrestricted funds | 188,850167,435 | ||
| 749,978754,686 |
| Voluntary income | |||
|---|---|---|---|
| Unrestricted | Unrestricted Restricted | Total | |
| funds | funds funds |
||
| 2022 | 2021 2021 |
2021 | |
| Donations and gifts | 1,600 | 990 3,771 |
4,761 |
| Core grant support for Mariners Base | 23,666 | - 52,930 |
52,930 |
| 25,266 | 990 56,701 |
57,691 | |
| Grants receivable for core activities | |||
| Coronavirus Job Retention Scheme Grant | 58 | - 28,787 |
28,787 |
| Covid 19 grants - Borough of Broxbourne | 4,000 | - 24,143 |
24,143 |
| Build Back Better Grant | 19,608 | - - |
- |
| 23,666 | - 52,930 |
52,930 | |
| Operation of Mariners' Base | |||
| 2022 | 2021 | ||
| Core charitable activities | |||
| Courses and instruction | 278,894 | 210,335 | |
| Admissions and equipment hire | 30 | - | |
| Performance related grants | 2,200 | 10,000 | |
| Solar electricity income | 6,452 | 9,602 | |
| 287,576 | 229,937 | ||
| Analysis by fund | |||
| Unrestricted funds | 285,376 | 219,937 | |
| Restricted funds | 2,200 | 10,000 | |
| 287,576 | 229,937 | ||
| Performance related grants | |||
| Borough of Broxbourne | 7,500 | ||
| Hertfordshire County Council Locality Budget | Grants | 2,200 | 2,500 |
| 2,200 | 10,000 |
| 5 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| fundsfunds | |||
| 2022 | 2021 | ||
| Interest receivable | 267 | 29 | |
| 6 | Other income | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| Other income | 5,570 | - |
| 2022 | 2021 | |
|---|---|---|
| Staff costs | 211,262 | 200,664 |
| Depreciation and impairment | 26,446 | 26,295 |
| Premises costs | 11,468 | 7,414 |
| Insurance | 13,448 | 13,066 |
| Repairs and maintenance costs | 22,948 | 13,632 |
| Office costs | 6,338 | 4,827 |
| Computer and website costs | 8,661 | 4,269 |
| Motor and travel expenses | 1,083 | 479 |
| Promotion and publicity | 1,068 | 136 |
| General costs | 2,701 | 2,001 |
| Legal and professional costs | 4,217 | 4,243 |
| Governance costs | 1,600 | 1,600 |
| Bank charges and other finance costs | 1,253 | 1,239 |
| Irrecoverable VAT | 9,794 | 7,100 |
| Staff training | 1,100 | 664 |
| 323,387 | 287,629 | |
| Analysis by fund | ||
| Unrestricted funds | 295,064 | |
| Restricted funds | 5,765 | |
| Endowment funds - buildings | 22,558 | |
| 323,387 | ||
| For the year ended 31 December 2021 | ||
| Unrestricted funds | 258,600 | |
| Restricted funds | 6,471 | |
| Endowment funds - buildings | 22,558 | |
| 287,629 |
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Charitable activities | 14 | 17 |
| Administration | 2 | 2 |
| Total | 16 | 19 |
| Employment costs | 2022 | 2021 |
| Wages and salaries | 190,380 | 181,571 |
| Social security costs | 8,312 | 7,288 |
| Other pension costs | 12,570 | 11,805 |
| 211,262 | 200,664 |
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| 12Stocks | ||
|---|---|---|
| 2022 | 2021 | |
| Finished goods and goods for resale | 156 | 33 |
| 13Debtors | ||
| 2022 | 2021 | |
| Amounts falling due within one year: | ||
| Trade debtors | 5,266 | 4,527 |
| Other debtors | 79 | |
| Prepayments and accrued income | 3,504 | 4,359 |
| 8,849 | 8,886 | |
| 14 Loans and overdrafts | ||
| 2022 | 2021 | |
| Bank loans | 14,000 | 18,000 |
| Payable within one year | 4,000 | 4,000 |
| Payable after one year | 10,000 | 14,000 |
| The long-term loans are supported by a guarantee to the lender from the UK Government under the Bounce | ||
| Back Loan Scheme. | ||
| The charitable company obtained the Bounce Back Loan from Lloyds Bank,repayable over six years with no | ||
| repayments in the first year. The interest rate is 2.5% per annum, with the interest in the first twelve months | ||
| being covered by the UK Government. | ||
| 15 Creditors: amounts falling due within one year |
| Creditors: amounts falling due within one year | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Notes | |||
| Bank loans | 14 | 4,000 | 4,000 |
| Other taxation and social security | 2,891 | 2,140 | |
| Deferred income | 17 | 27,002 | 30,643 |
| Trade creditors | 1,470 | 875 | |
| Other creditors | 10,351 | 10,351 | |
| Accruals and deferred income | 3,550 | 3,396 | |
| 49,264 | 51,405 |
| 16 | Creditors: amounts falling due after more than one year | Creditors: amounts falling due after more than one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Notes | ||||
| Bank loans | 14 | 10,000 | 14,000 | |
| 17 | Deferred income | |||
| 2022 | 2021 | |||
| Other deferred income | 27,002 | 30,643 | ||
| Deferred income is included in the financial statements as follows: | ||||
| 2022 | 2021 | |||
| Deferred income is included within: | ||||
| Current liabilities | 27,002 | 30,643 | ||
| Movements in the year: | ||||
| Deferred income at 1January 2022 | 30,643 | |||
| Released from previous periods | (30,643) | - | ||
| Resources deferred in the year | 27,002 | 30,643 | ||
| Deferred income at 31 December 2022 | 27,002 | 30,643 | ||
| 18 | Endowment funds | |||
| Endowment funds represent assets which must be held permanently by the charity.Income arising | on the | |||
| endowment funds can be used in accordance with the objects of the charity and is included as unrestricted | ||||
| income. Any capital gains or losses arising on the assets form part of the fund. | ||||
| Balance at Resources Balance at | Resources | Balance at | ||
| 1 January 2021 expendedi January 2022 | expended 31 December | |||
| 2022 | ||||
| Permanent endowments | ||||
| Sailing centre, climbing wall and caving | ||||
| complex | 592,669(22,558) 570,111 | (22,558) | 547,553 | |
| 592,669 (22,558) 570,111 | (22,558) | 547,553 | ||
| Sailing centre, climbing wall and caving complex is a permanent endowment fund which | comprises | |||
| construction of the Hertfordshire Young Mariners' Base Centre and facilities for operation includedfor | ||||
| operation as an outdoor centre. The fund also includes the fabrication of a new teaching room within the | ||||
| existing main building. |
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