|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¢ontIn￿dI 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 Bren￿OOd 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| ## |I|o
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00| |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.|||| |||0)||I
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