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|||Page|
|---|---|---|
|Legal and administrative|information||
|Board ofTrustees report||2-4|
|Independent<br>Examiner's|report||
|Statement offinancial<br>activities|||
|Balance Sheet|||
|Notes to the accounts||8-17|





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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2023|2023|2023|2022|
|||Notes|||||
|Income and endowments|from:||||||
|Donations and legacies|||51,145||51,145|73,109|
|Charitable<br>activities|||29,302||29,302|14,056|
|Investment<br>income|||1,759||1,759|79|
|Other income|||237||237|4,000|
|Total income and endowments|||82,443||82,443||
|Expenditure<br>on:|||||||
|Raising funds|||449||449|75|
|Chaditable<br>activities|||92,859|3,687|96,546|8&,130|
|Total expenditure|||93,308|3,687|96,995|8&,205|
|Net income/(expenditure)|forthe year||(10,865)|(3,687)|(14,552)|3,039|
|Revaluation<br>ofheritage assets||||||391,834|
|Transfers between funds|||||||
|Net Movement<br>in funds|||(10,865)|(3,687)|(14,552)|394,873|
|Reconciliation<br>offunds:|||||||
|Total funds brought<br>forward|at 1 October|2022|540,793|46,385|587,178|192,305|
|Total funds carried forward at 30September 2023|||529,928|42,698|572,626|587,178|





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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Notes||E||E|
|Fixed assets|||||||||
|Tangible assets||||||2.223||2,964|
|Heritage assets||||||425,000||425,000|
|investments||||||1||1|
|||||||427,224||427,965|
|Current assets|||||||||
|Stocks|||||750||750||
|Debtors||||10|906||6,015||
|Cash at bank in hand|||||157951||167447||
||||||159,607||174,212||
|Current<br>liabilities|||||||||
|Creditors: Amounts|falling||due within||||||
|one year||||11|~14205||14999||
|Net current assets||||||145402||159213|
|Net assets||||||572,626||587,178|
|Funds||||12|||||
|Restricted —Museum||Development||Fund||42698||46.385|
|Unrestricted —General||||||504,928||515,793|
|Unrestricted —Designated|||Museum|Development||25000||25000|
|||||||572,626||587,178|






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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
|||||||E||
|Voluntary|income|||||||
|Donations||||49,889||49,889|54,978|
|Donations|from subsidiary||company||||8,740|
|Grants|||||||3,740|
|Friends Association||contributions||480||480|500|
|Gift aid||||776||776|5 150|
|||||51,145||51,145|73,109|



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|Income from|Charitable<br>Activities|||||
|---|---|---|---|---|---|
|||Unrestricted|Restdcted|Total|Total|
|||Funds|Funds|Funds|Funds|
|||2023f|2023<br>E|2023<br>E'|2022|
|Admissions|and shop|17,390||17,390|14,056|
|Boatstorage|—space rental|11912||11912||
|||29,302||29,302|14,056|



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|Investm|ent|income||||
|---|---|---|---|---|---|
||||Unrestricted|Total|Total|
||||Funds|Funds|Funds|
||||2023|2023|2022|
||||6|E|E|
|Deposit|bank|interest|1,759|1,759|79|





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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|5.|Other income||||||Unrestricted|Total|Total|
||||||||Funds|Funds|Funds|
||||||||2023|2023|2022|
||||||||E|F|E|
||Covid 19Grant||||||||4,000|
||Other income||||||237|237||
|8.|Total expenditure|||||||||
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
|||||||2023|2023|2023|2022|
|||||||E|E|E|E|
||Costs ofgenerating||funds:|||||||
||Shop expenditure|||||||449|75|
||Charitable<br>activities:|||||||||
||Utilities, Security|services, Phone and broad band||||6,127||6,127|3,858|
||Insurance|||||5,676||5,676|5,013|
||Advertising<br>and|promotions||||9,099||9,099|6,796|
||Joint museums|leaflet||||3,019||3,019||
||Boatshed costs|||||2,794||2,794|4,229|
||Rent and service charge|||||46,520||46,520|53,489|
||General management|||costs||3,950||3,950|3,877|
||Payroll costs|||||831||831||
||IT, Computers<br>and||website|||1,905||1,905|1,351|
||Bank charges|||||100||100||
||Accounting<br>other services incl. under accrual|||||1,864||1,864||
||Depreciation|||||741||741|989|
||Boat Restoration|||||2,505||2,505|649|
||Gallery expenses|||||4,368|3,687|8,055|2,693|
||UF50 Event||||||||2,030|
||Governance:|||||||||
||Accountancy<br>—Independent||||examination|3360||3360|3 156|
|||||||93,308|3,687|96,995|88,205|





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|Tangible fixed assets||||
|---|---|---|---|
||Land and|Plant and||
||Buildings|Equipment|Total|
||8|E||
|Cost||||
|At 1 October 2022|59,010|39,978|98,988|
|Additions||||
|Disposals|59010|25399|~84409|
|At 30September 2023||14,579|14,579|
|Depreciation||||
|At 1 October 2022|59,010|37,014|96,024|
|Charge for the year||741|741|
|Relating to disposals|59010|~25399|~84409|
|At 30September 2023||12,356|12,356|
|Net book value at 30September 2023||2.223|2,223|
|Net book value at 30September 2022||2,964|2,964|
|Heritage assets||||



||Total|
|---|---|
|Market Value|E|
|At 30September 2022|425,000|
|Revaluation||
|At 30September 2023|425,000|





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|9.|Investments|Investments||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
|||||||||||E||
||Investment|in subsidiary|||company|||||||
||Summary<br>Turnover|profit and loss account Classic Boat Restorations|||||||Ltd|||
|||||||||||2023|2022|
|||||||||||E|E|
||||||||||||12,856|
||Cost ofsales and|||administrative||expenses|||||~4116|
||Operating|profit|||||||||8,740|
||Distdibution|made||in year|to Classic Boat Centre Trust||||||~8740|
||Retained<br>in the||subsidiary|||||||||
||The assets|and|liabilities||ofthe subsidiary||were:|||||
||Cunent assets||||||||||601|
||Creditors:|amounts||falling due within one|||year||||~600|
||Total assets less current||||liabilities|||||1||
||Aggregate|share capital and reserves||||||||1||
||The Company||had not traded throughout||||the accounting|period.|Payments|for boat storage are paid|to the Trust.|
|10.|Debtors|||||||||||
|||||||||||2023|2022|
|||||||||||E||
||Other debtors|||||||||906|6015|
|||||||||||906|6,015|
|11.|Creditors:|Amounts<br>falling due within one year||||||||||
|||||||||||2023|2022|
|||||||||||E|E|
||Amounts<br>owed||to|group|undertakings|||||1|400|
||Service charge||and other payables|||||||11,754|13,599|
||Other creditors||and accruals|||||||2450|1 000|
|||||||||||14,205|14,999|





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|Movement|in funds|- Current year||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||At|||||At|
||||1|October|incoming|Outgoing||30|September|
|||||2022<br>E|resources<br>6|resources<br>f|Revaluation<br>E||2023<br>F|
|General fund|||515,793||82,443|(93,308)||504,928||
|Designated|Museum|Development||||||||
|Fund||||25,000|||||25,000|
|Restricted|funds|||||||||
|Museum<br>Development||fund||46385||~3687|||42698|
|Total funds|||587,178||82,443|(96,995)||572,626||
|Movement|in funds|- Comparative|year|||||||
|||||At|||||At|
||||1|October|incoming|Outgoing||30September||
|||||2021|resources|resources|Revaluation||2022|
|||||E|6|6|E||E|
|General fund|||120,920||88,244|(85,205)|391,834|515,793||
|Designated|Museum|Development||||||||
|Fund||||25,000|||||25,000|
|Restricted|funds|||||||||
|Re-opening|marketing|grant|||3,000|(3,000)||||
|Museum<br>Development||fund||46385|||||46385|
|Total Restricted Funds||||46,385|||||46,385|
|Total funds|||192,305||91,244|(88,205)|391,834||587,178|





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2023f|2023<br>E|2023<br>E|2022<br>E|2022<br>E|2022<br>E|
|Fixed assets||427,224||427,224|427,965||427,965|
|Stock||750||750|750||750|
|Debtors||906||906|6,015||6,015|
|Cash at|bank and in hand|115,253|42,698|157,951|121,062|46,385|167,447|
|Creditors|and accruals|~l4 205||~14205|~14999||~14999|
|||529,928|42,698|572,626|540,793|46,385|587,178|
|14.|Financial Assets and Liabilities|||||||
|||||||2023|2022|
|||||||E|E|
|Financial|assets comprise debtors and cash and bank balances|||||158,857|173,462|
|Financial|liabilities comprise|creditors and accruals||||14205|14999|
|||||||144,652|158,463|



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||2023|2022|
|---|---|---|
||K|E|
|Under one year|6,026|6,026|
|Between one and five years|24,104|24,104|
|After five years|11550|17576|
||41,680|47,706|





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|FOR THE YEA|R ENDED 30SEPTEMBER2|R ENDED 30SEPTEMBER2|023||||
|---|---|---|---|---|---|---|
|16.<br>Comparative|statement<br>offinancial activities||||||
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
||||2022|2022|2022|2021|
|Income and endowments||from:|||||
|Donations<br>and legacies|||70,109|3,000|73,109|76,737|
|Charitable<br>activities|||14,056||14,056|1,561|
|Investment<br>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<br>on:|||||||
|Raising funds|||75||75|96|
|Charitable<br>activities|||85,130|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<br>of heritage assets|||391,834||391,834||
|Transfers between|funds||||||
|Net Movement<br>in|funds||394,873||394,873|(3,155)|
|Reconciliation<br>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|