## ## ## ## |Company
Information|||1| |---|---|---|---| |Report ofthe Directors|and Trustees||2to 9| |Independent
Examiner's|Report||10| |Statement
of Fina ncia I|Activities||11| |Balance Sheet|||12| |Notes to the Accounts|||13to 18| |Detailed Income 5 Expenditure||Account|19| |—not part ofthe statutory
financial statements|||| ## ## ## |Charit|Charit|Charit|Com|an|Name||CMC: Pensarn|CMC: Pensarn|Harbour|Harbour|| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||CMC Adventure||||| |Com||an|Number||||3324934 (England|||and Wales)|| |Charit||Number|||||1062075||||| |Re istered Office 5 0 erational||||||Address|Pensarn
Harbour||||| ||||||||Llanbedr||||| ||||||||Gwynedd||||| ||||||||North Wales||||| ||||||||LL45 2HP||||| |Directors|||and Trustees||||P R Kelly- Chairman||||| ||||||||L G Charker|—Hon Treasurer|||| ||||||||M J D Bishop|||Resigned 7.3.20|| ||||||||C Cook||||| ||||||||G French||||| ||||||||A. Houghton||||| ||||||||A Sanders||||| |Chief||Executive||Centre Director|||M Downey||||| |Com||an|Secretar||||LAddinall||||| |Bankers|||||||HSBC Bank|pic|||| ||||||||62 High Street||||| ||||||||Porthmadog||||| ||||||||Gwynedd||||| ||||||||LL49 9LN||||| |Inde|endent
Examiner||||||R Morris
FCA||||| ||||||||Lyon Griffiths||(Audit|and Accounting)|Limited| ||||||||17Alvaston|Business Park|||| ||||||||Middlewich|Road|||| ||||||||Nantwich||||| ||||||||Cheshire||||| ||||||||CW5 6PF||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the year ended 31st|October|2020|
||||| |---|---|---|---|---|---|---|---| |||||Unrestricted
funds|Restricted|Total|Totol| |||||General|Funds|Funds|Funds| |||||Funds||31/10/20|31/10/19| ||||Notes|E||6|E| |Income and endowments|from:||||||| |Donations
and legacies|||2.1|109,612|11,688|121,300|88,610| |Grants|||2.2|120,245||120,245|0| |Income from investments||||26||26|23| |Tuck shop trading|income|||561||561|3,077| |Charitable
activities-|||||||| |Course and|hostel income||||||| |Residential|||2.3|111,636||111,636|389,463| |Non-residential||||459||459|2,959| |Net rental and||hire income||11,437||11,437|1,828| |Total income and endowments||||353,976|11,688|365,664|485,960| |Expenditure
on raising funds|||3.1||||| |Publicity costs||||6,662||6,662|4,643| |Tuck shop trading|costs|||448||448|3,340| |Expenditure
on charitable|activites||||||| |Course and hostel|running|costs|3.2|339,472||339,472|461,562| |Total expenditure|||4|346,582||346,582|469,545| |Net income (expenditure)|before|transfers||7,394|11,688|19,082|16,415| |Transfer between
funds|||||||| |Net movement
in funds||||7,394|11,688|19,082|16,415| |Funds balances
b/fwd at|1.11.19|||529,635||529,635|513,220| |Fund balances c/fwd at 31.10.20||||537,029|11,688|548,717|529,635| ## ## |BALANCE SHEET as|at 31stOctober 2020|||| |---|---|---|---|---| ||||31/10/20|31/10/19| |||Notes|E|| |Tangible
Fixed Assets||6|850,698|839,738| |Current Assets||||| |Stock||7|6,426|7,823| |Debtors and prepayments||8|12,248|11,728| |Cash at bank and|in hand||83,862|4,333| ||||102,536|23,884| |Liabilites: Amounts
falling due within one year||9|-89,555|-69,781| |Net current assets /|-liabilities||12,981|-45,897| |Total assets less current liabilities|||863,679|793,841| |Liabilities: Amounts|falling due after more than one year||-314,962|-264,206| |Net assets||10|548,717|529,635| |Unrestricted
funds|||537,029|529,635| |Restricted funds||12|11,688|| |Total charityfunds|||548,717|529,635| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |TOTAL EXPENDITURE|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||Staff||Depreciation|Other|Total|Total| |||||Costs|||Costs|30/10/20|30/10/19| |||||f||f|f||E| |Course &hostel running|costs|||193,675||30,104|115,693|339,472|461,562| |Tuck shop trading costs|||||||448|448|3,340| |Fundraising
& publicity|||||||6,662|6,662|4,643| |12months to31.10.20||||193,675||30,104|122,803|346,582|| |12months to31.10.19||||211,252||26,275|232,018||469,545| |Note: The Tuck Shop trading||unit is operated as an ancillary||facility|at|the Pensarn
Hostel|for the benefit||| |of users and any profits|are|all ploughed|back into the mainstream||activity ofthe company.||||| ## ## |6|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||||Freehold|Course||Centre|Motor|TOTAL|TOTAL| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||Property|Equipment||Fittings &|Vehicles||| |||||||Pensarn &|||equip.|||| |||||||Bryn-y-Moel||||||| |||||||E||||||| ||Cost|||||||||||| |||8/fwd 1.11.19||||793,403|95,901||177,647|14,000||1,080,951| |||Additions|||¹|23,713|3,292||14,059|||41,064| |||Less: re Disposals||||||||||| |||Carried Forward 31.10.20||||817,116|99,193||191,706|14,000||1,122,015| ||Depreciation|||||||||||| |||B/fwd 1.11.19||||25,041|80,359||132,860|2,953||241,213| |||Charge for the period|||||6,676||20,628|2,800||30,104| |||Less: re Disposals||||||||||| |||Carried Forward 31.10.20||||25,041|87,035||153,488|5,753||271,317| ||Net book values|||||||||||| |||At 31.10.20||||792,075|12,158||38,218|8,247||850,698| |||At 31.10.19||||768,362|15,542||44,787|11,047||839,738| ||Footnote:|||||||||||| ||¹|Work was commissioned|during|the year regarding|the|possible upgrading|/ modernisation||of Pensarn|Harbour. These|costs,|| |||mainly met by specific donations,||have been capitalised.||Further spending,|enhancing|the|value ofthe|buildings,
is highly||likely.| |7|STOCK comprises|||||||||30/10/20|30/10/19|| |||||||||||E||6| |||Goods for resale (Tuck|Shop)|||||||1,532||1,649| |||Food||||||||114||2,450| |||Cleaning
Materials||||||||1,070||589| |||Brochures||||||||1,166||1,050| |||Oil||||||||2,544||2,085| |||||||||||6,426||7,823| |8|DEBTORS & PREPAYMENTS|||||||||||| ||Due within one year|||||||||||| |||Trade debtors||||||||0||220| |||Prepayments||||||||4,598||4,598| |||Other debtors (Tax repayment||claim)||||||7,650||6,910| |||Other debtors||||||||||| |||||||||||12,248||11,72S| |||||||||||30/10/20|30/10/19|| |||||||||||E||E| |12|RESTRICTED FUNDS|RESTRICTED FUNDS||||||| |---|---|---|---|---|---|---|---|---| ||Movements
on these during the year were||as follows:|||||| |||||As at|Income|Exp|Inter - fund|As at| |||||30/10/19|||Transfers|30/10/20| |||||E|E|E|E|E| ||Equipment
Purchase
Fund||||11,688||0|11,688| ||The|Equipment
Purchase
Fund represents|donations|received to fund specific costs:||||| |||Purchase ofsailing boats E7,000||||||| |||Replacement
mattresses
E2,500||||||| |||Addition to Pontoon E1,250||||||| |||Gift Aid E938||||||| |13|RELATED|PARTY TRANSACTIONS||||||| ||Donations|received without
conditions from the|trustees|and other related parties totalled||E33,377|(2019-E3,700)|| |14|COMMITMENTS|||Total|Total| |---|---|---|---|---|---| |||||30/10/20|30/10/19| ||||||E| ||1 Capital expenditure|authorised|and contracted for|0|6,600| ||2 Capital expenditure|authorised|but not contracted for|0|0| ||3 Leasing payments|-due in the|next year|15,945|16,796| ||4 Leasing payments|-due in two|to five years|16,053|32,570| ## ## ## ## ##