| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Board ofTrustees report |
2-4 | ||
| Independent Examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance Sheet | |||
| Notes to the accounts | 8-17 |
| Unrestricted | Restdcted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| Notes | F | E | ||||||
| Income and endowments | from: | |||||||
| Donations and legacies |
2 | 70 109 | 3,000 | 73,109 | 76,737 | |||
| Charitable activities |
14,056 | 14,056 | 1,561 | |||||
| Investment income |
79 | 79 | 42 | |||||
| Other income | 4,000 | 4,000 | 25,157 | |||||
| Total income and | endowments | 88,244 | 3,000 | 91,244 | 103,497 | |||
| Expenditure on: |
||||||||
| Raising funds | 75 | 75 | ||||||
| Charitable activities |
65,130 | 3,000 | 88,130 | 106,556 | ||||
| Total expenditure | 85,205 | 3,000 | 88,205 | 106,652 | ||||
| Net income/(expenditure) | forthe year | 3,039 | 3,039 | (3,155) | ||||
| Revaluation ofheritage assets |
391,834 | 391,834 | ||||||
| Transfers between |
funds | |||||||
| Net Movement in |
funds | 394,873 | 394,873 | (3,155) | ||||
| Reconciliation of |
funds: | |||||||
| Total funds brought | forward | at 1 October | 2021 | 145,920 | 46,385 | 192,305 | 195„460 | |
| Total funds carried forward at 30September | 2022 | 540,793 | 46,385 | 587,178 | 192,305 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 2,964 | 3,953 | ||||||
| Heritage assets | 425,000 | 33,166 | ||||||
| Investments | 1 | 1 | ||||||
| 427,965 | 37,120 | |||||||
| Current assets | ||||||||
| Stocks | 750 | 750 | ||||||
| Debtors | 10 | 6,015 | 2,061 | |||||
| Cash at bank in hand | 167447 | 160115 | ||||||
| 174,212 | 162,926 | |||||||
| Current liabilities |
||||||||
| Creditors: Amounts | falling | due within | ||||||
| one year | 11 | ~14999 | 7741 | |||||
| Net current assets | 159213 | 155 185 | ||||||
| Net assets | 587,178 | 192,305 | ||||||
| Funds | 12 | |||||||
| Restricted —Museum | Development | Fund | 46385 | 46385 | ||||
| Unrestricted —General | 515,793 | 120,920 | ||||||
| Unrestricted —Designated | Museum | Development | 25000 | 25000 | ||||
| 587,178 | 192,305 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Voluntary | income | ||||||
| Donations | 54,979 | 54,978 | 47,310 | ||||
| Donations | from subsidiary | company | 8,740 | 8,740 | 8,900 | ||
| Grants | 740 | 3,000 | 3,740 | 18,555 | |||
| Friends Association | contributions | 500 | 500 | 1,632 | |||
| Gift aid | 5 150 | 5150 | 340 | ||||
| 70,109 | 3,000 | 73,109 | 76,737 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2021f | 2021f | 2022f | 2021 F |
|
| Admissions | 14,056 | 14,056 | 1,561 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2022f | 2022f | 2021f | |||
| Deposit | bank | interest | 79 | 79 | 42 |
| Other income | Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | |||||||
| 2022 | 2022 | 2021 | |||||||
| K | E | E | |||||||
| Covid 19Grant | 4,000 | 4,000 | 25,157 | ||||||
| Total expenditure | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| E | E | E | E | ||||||
| Costs ofgenerating | funds: | ||||||||
| Shop expenditure | 75 | 75 | 96 | ||||||
| Charitable activities: |
|||||||||
| Utilities, Security | services, Phone and broad band | 3,858 | 3,858 | 3,575 | |||||
| Insurance | 5,013 | 5,013 | 3,315 | ||||||
| Advertising and |
subscriptions | 3,796 | 3,000 | 6,796 | 877 | ||||
| Covid 19expenses | 36 | ||||||||
| Boat shed costs | 4,229 | 4,229 | 1,778 | ||||||
| Rent and service | charge | 53,489 | 53,489 | 45,007 | |||||
| General management |
costs | 3,877 | 3,877 | 501 | |||||
| IT, Computers | and | website | 1,351 | 1,351 | 8,398 | ||||
| Depreciation | 989 | 989 | 1,316 | ||||||
| Project costs: | |||||||||
| Boat Restoration | 649 | 649 | 371 | ||||||
| Gallery expenses | 2,693 | 2,693 | 37,602 | ||||||
| 25s Anniversary | costs | 2,112 | |||||||
| UF50 Event | 2,030 | 2,030 | |||||||
| Governance: | |||||||||
| Accountancy - Independent |
examination | 3156 | 3156 | 1 668 | |||||
| 85,205 | 3,000 | 88,205 | 106,652 |
| 7. | Tangible fixed assets | |||
|---|---|---|---|---|
| Land and | Plant and | |||
| Buildings | Equipment | Total | ||
| E | ||||
| Cost | ||||
| At 1 October 2021 | 59,010 | 39,978 | 98,988 | |
| Additions | ||||
| At 30September 2022 | 59,010 | 39,978 | 98,988 | |
| Depreciation | ||||
| At 1 October 2021 | 59,010 | 36,025 | 95,035 | |
| Charge for the year | 989 | 989 | ||
| At 30September 2022 | 59,010 | 37,014 | 96,024 | |
| Net book value at 30September 2022 | 2,964 | 2,964 | ||
| Net book value at 30September 2021 | 3,953 | 3,953 |
| Market Value | Totalf |
|---|---|
| At 30September 2021 | 33,166 |
| Revaluation | 391834 |
| At 30September 2022 | 425,000 |
| Net book value | |
| At 30September 2021 | 33,166 |
| Revaluation | 391834 |
| At 30September 2022 | 425,000 |
| 9. | Investments | Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Investment | in subsidiary | company | |||||||
| Summary | profit and loss account Classic Boat Restorations | Ltd | |||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Turnover | 12,856 | 12,537 | |||||||
| Cost ofsales and | administrative | expenses | (4~116 | ~3637 | |||||
| Operating | profit | 8,740 | 8,900 | ||||||
| Distribution | made | in year | to Classic Boat | Centre Trust | ~8740 | ~8900) | |||
| Retained in the subsidiary |
|||||||||
| The assets | and liabilities | ofthe subsidiary | were: | ||||||
| Current assets | 601 | 601 | |||||||
| Creditors: | amounts | falling due within one | year | (6600 | (600) | ||||
| Total assets less current | liabilities | ||||||||
| Aggregate | share capital and reserves | ||||||||
| 'IO. | Debtors | ||||||||
| 2022 E |
2021f | ||||||||
| Other debtors | 6015 | 2 061 | |||||||
| 6,015 | 2,061 | ||||||||
| 11. | Creditors: | Amounts falling due within one year |
|||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Amounts owed to |
group | undertakings | 400 | 601 | |||||
| Service charge and other payables | 13,599 | 6,140 | |||||||
| Other creditors | 1 000 | 1 000 | |||||||
| 14,999 | 7,741 |
| Movement | in fun | ds | - Current year | |||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1October | Incoming | Outgoing | 30September | |||||
| 2021 E |
resources E |
resources 6 |
Revaluation f |
2022 E |
||||
| General fund | 120,920 | 88,244 | (85,205) | 391,834 | 515,793 | |||
| Designated | Museum | Development | ||||||
| Fund | 25,000 | 25,000 | ||||||
| Restdcted | funds | |||||||
| Re-opening | marketing | grant | 3,000 | (3,000) | ||||
| Museum Development |
fund | 46 385 | 46385 | |||||
| Total Restricted | Funds | 46,385 | 46,385 | |||||
| Total funds | 192,305 | 91,244 | (88,205) | 391,834 | 587,178 |
| Movement | in funds | - Comparative | year | ||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 October | Incoming | Outgoing | 30September | ||||
| 2020 | resources | resources | Transfers | 2021 | |||
| E | E | E | F | ||||
| General fund | 136,025 | 84,941 | (75,046) | (25,000) | 120,920 | ||
| Designated | Museum | Development | |||||
| Fund | 25,000 | 25,000 | |||||
| Restricted | funds | ||||||
| Collections | at risk | 482 | 1,000 | (1,482) | |||
| Herepath Shenton Trust |
5,732 | (5,732) | |||||
| Museum Development |
fund | 46,385 | 46,385 | ||||
| Fidelity Foundation | 6,836 | 6,836 | |||||
| East Cowes | Town Council Hover | 1,000 | (1,000) | ||||
| LTHLF | 9,900 | (9,900) | |||||
| SEMDP | 6656 | ~6656 | |||||
| Total Restricted Funds | 59,435 | 18,556 | (31,606) | 46,385 | |||
| Total funds | 195,460 | 103,497 | (106,652) | 192,305 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2022 F |
2022 | 2022f | 2021 E |
2021 6 |
2021f | |||
| Fixed assets | 427,965 | 427,965 | 37,120 | 37,120 | ||||
| Stock | 750 | 750 | 750 | 750 | ||||
| Debtors | 6,015 | 6,015 | 2,061 | 2,061 | ||||
| Cash at | bank and | in hand | 121,062 | 46,385 | 167,447 | 113,730 | 46,385 | 160,115 |
| Creditors | and accruals | ~14999 | ~14999 | ~7741) | ~7741) | |||
| 540,793 | 46,385 | 587,178 | 145,920 | 46,385 | 192,305 | |||
| 14. | Financial | Assets and Liabilities | ||||||
| 2022 | 2021 | |||||||
| 6 | E | |||||||
| Financial | assets comprise debtors and cash and bank balances | 174,212 | 162,176 | |||||
| Financial | liabilities | comprise | creditors and accruals | 14999 | ~7741) | |||
| 159,213 | 154,435 |
| The Trust has ongoing commitments in respect ofservice c |
harges as part ofthe gallery lease payable by |
instalments. |
|---|---|---|
| 2022 | 2021 | |
| E | F | |
| Under one year | 6,026 | 6,026 |
| Between one and five years | 24,104 | 24,104 |
| After five years | 17576 | 23602 |
| 47,706 | 53,732 |
| 16. Comparative statement offinancial activities |
16. Comparative statement offinancial activities |
16. Comparative statement offinancial activities |
||||
|---|---|---|---|---|---|---|
| Unrestriced | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| Income and endowments | from: | 2021 6 |
2021f | 2021 E |
2020 E |
|
| Voluntary income |
48,842 | 18,556 | 67,398 | 60,705 | ||
| Activities for generating | funds | 10,900 | 10,900 | 15,834 | ||
| Investment income |
42 | 305 | ||||
| Other income | 25 157 | 25 157 | 25000 | |||
| Total income and endowments | 84,941 | 18,556 | 103,497 | 101,844 | ||
| Expenditure on: |
||||||
| Costs ofraising funds | 96 | 96 | 86 | |||
| Costs ofactivities charitable | activities | 74,950 | 31,606 | 106,556 | 62,004 | |
| Total expenditure | 75,046 | 31,606 | 106,652 | 62,090 | ||
| Net income/(expenditure) | forthe year | 9,895 | (13,050) | (3,155) | 39,754 | |
| Transfers between funds |
||||||
| Net Movement in funds |
9,895 | (13,050) | (3,155) | 39,754 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
as at 1 October 2020 | 136,025 | 59,435 | 195,460 | 155,706 | |
| Total funds canied forward | at 30September 2021 | 145,920 | 46,385 | 192,305 | 195,460 |