2022-06-30-accounts - Horizons (Plymouth)

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Reference and administrative	Reference and administrative	Reference and administrative
Trustees' report			2 —7
Independent examiner's		report
Statement offinancial		activities
Balance sheet			10
Notes to the financial	statements		11-25

Trustees		DrJD Hill	DrJD Hill	Chair
		Mr ARD	Anderson	Treasurer
		Mr PABone
		Mrs JByrne
		Mr MRMalric-Smith
		Mr ID M	Oag	Resigned 27 May 2022
		Mrs TJVassollo
		Dr JRichardson
Company	registered
number		04592593
Charity registered
number		1096256
Registered	office	5 Richmond Walk
		Devonport
		Plymouth
		Devon
		PL1 4LL
Accountants		Northcott	Trumfield
		Chartered	Accountants
		Devonshire	Villa
		52 Stuart Road
		Stoke
		Plymouth
		Devon
		PL3 4EE

tricted
Peter Harrison Foundation		Volunteer Training		8,000
Jordon Sinnott Foundation		Boat Purchase		3,045
Worshipful Company ofShipwrights		Safety Boat		2,500
Bernard Sulley Foundation		Safety Boat		5,000
The Albert Hunt Trust		Safety Boat		2,000
ESGRobinson Charitable	Trust	After School Family Project		1,000
William Wates Charitable	Trust	After School Family Project		2,000
The Scobell Charitable Trust		Mooring		2,000
The Clare Milne Trust		Friendship Repair		5,000
Pentland Stalls Charitable	Trust	General Operating	Costs	1,000
Arnold Clark Community	Fund	General Operating	Costs	1,000
Catherine Woodmancy Foundation		Volunteer Training		1,800
Mount Batten Centre Charity Trust		Cadet Training		3,900
Bruce Wake Charitable Trust		Friendship Repair		3,000
Other				975
				42 220

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
		Note
Income and endowments	from:
Donations and legacies			36,509	48,894	85,403	88,023
Charitable activities			12,442		12,442	3,648
Other trading activities			10,361		10,361	1,676
Fundraising			5,441		5,441
Investments			2,360		2,360	2,743
Other income			850		850	27,588
Total income			67,963	48,894	116857	123,678
Expenditure on:
Raising funds		4,7	12,727		12,727	9,057
Charitable activities			111,893	46,646	158,539	125,193
Total expenditure		10	124,620	46 646	171,266	134260
Net income/(expenditure)	before
investment revaluation			(56,657)	2,248	(54,409)	(10,572)
Net gain/(loss) on investments		15	11,832		11,832	23 602
Net income/(expenditure)			(68,489)	2,248	(66,241)	13,030
Transfer between funds			3,045	(3,045)
Net movement in funds		18	(65,444)	(797)	(66,241)	13,030
Reconciliation offunds:
Total funds brought forward		18	210,197	17,810	228,007	214,977
Total funds carried forward		18	144,753	17,013	161,766	228 007

			2022		2021
		Note
Fixed Assets
Tangible assets		14		39,577		50,339
Investments		15		78,141		100,341
				117,718		150,680
Current Assets
Debtors		16	15,101		9,188
Cash at bank	and in hand		36,570		78,475
			51,671		87,663
Creditors: Amounts falling due within one year		17	~7,623		10,336
Net Current	Assets			44,048		77,327
Net Assets				161,766		228,007
Charity Funds:
Unrestricted	funds	18		144,753		210,197
Restricted funds		18		17,013		17,810
Total Charity Funds				161,766		228,007

following	bases:
Short-term	leasehold property	5-10%	straight	line
Boats		25%	straight	line
Motor vehicles		25%	straight	line
Equipment		25%	straight	line

			2022	2021
Unrestricted		income
Donations
Individual	donation		30,784	15,000
HMRC Gift		Aid	5,725	6,050
Other				5,225
			36,509	26,275

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		Unrestricted	Total	Unrestricted	Total
		2022	2022	2021	2021
Sailing activities		12,442	12,442	3,648	3,648
		12,442	12,442	3,648	3 648
Other Trading Activities
Trading		10,361	10,361
Fundraising	events	5,441	5,441	1,676	1,676
		15,802	15,802	1 676	1 676

2,360	2,360	2,743	2,743
2,360	2 360	2,743	2,743

Covid-19	Furlough			27,338	27,338
Sale ofassets		850	850	250	250
		850	850	27,588	27 588
Raising Funds
Salaries		8,080	8,080	7,190	7,190
Investment	portfolio	1,147	1,147	1,037	1,037
Expenses		3,500	3,500	830	830
		12,727	12,727	9,057	9,057

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			2022	2022	2022	2021	2021	2021
Boat operations		and maintenance	33,834	4,362	38,196	11,927	1,394	13,321
Mooring fees			3,931	2,000	5,931	1,127		1,127
Boat storage			296	2,017	2,313	2,182	1,701	3,883
Volunteer expenses						246		246
Subscriptions	and publications		2,414		2,414	1,852		1,852
Licences and	permits					170		170
Rent, rates and utilities			2,022	2,125	4,147
Safety equipment		and clothing	1,550	4,234	5,784	1,797	3,754	5,551
Salaries			35,934	30,318	66,252	28,622	36,241	64,863
Minibus running		costs	2,003		2,003	2,063		2,063
Depreciation			14,307		14,307	14,478		14,478
Support costs			10,333		10,333	10,459		10,459
Administration			3,469	1,590	5,059	4,020		4,020
Governance			1,800		1,800	3,160		3,160
			111893	46,646	158,539	82,103	43 090	125,193
Raising funds			12,727		12,727	9,057		9,057
			124,620	46,646	171,266	91,160	43,090	134,250

		Support				Support
		costs	Admin-	Gover-		costs	Admin-	Gover-
		Sailing	istration	nance	Total	Sailing	istration	nance	Total
		Activities				Activities
		2022	2022	2022	2022	2021	2021	2021	2021
Insurance		3,673			3,673	3,750			3,750
Travel		8			8	10			10
Rent, rates and utilities		6,292			6,292	6,513			6,513
Bank charges		360			360	186			186
Admin			3,469		3,469		4,020		4,020
Independent	examiner			1,800	1,800			1,800	1,800
Professional
Salaries								1,360	1,360
		10,333	3,469	1,800	15,602	10,459	4,020	3,160	17,639

	Staff	Costs	Depreciation	Depreciation	Other costs	Total	Total
	2022		2022		2022	2022	2021
Expenditure on raising voluntary	income	8 080			4 647	12,727	9,057
Charitable activities
Sailing activities	66,252			14,307	71,121	151,680	118,013
Management					5,059	5,059	5,380
	66 252			14307	76,180	156,739	123,393
Expenditure on Governance					1,800	1,800	1,800
Total 2022	74,332			14,307	82,627	171266
Total 2021	73,413			14,478	46,359	134250
Net Income/(Expenditure)
						2022	2021
This is stated after charging:
Depreciation oftangible fixed assets:
- owned by the charity						14,307	14,478
During the year, no Trustees received any remuneration		(2021:	ANIL).
During the year, no Trustees received any benefits in kind (2021:ANIL).
During the year, no Trustees received any reimbursement		ofexpenses		(2021:ANIL).

								2022		2021
Key management	personnel	staff costs were as			follows:
Wages and salaries								69,734		68,707
Social security costs								1,803		1,867
Other pension costs								2,795		2,839
								74	332	73,413
The average number ofpersons employed				by the Charity during		the year was as follows:
								2022		2021
								No.		No.
Sailing Activities
No employee received remuneration			amounting		to move than 660,000 in either		year.
Tangible Fixed	Assets
					Short-term
					Leasehold		Motor
					Property	Boats	Vehicles	Equipment		Total
								f.
Cost
At 1 July 2021					44,268	293,470	21,759	33,092		392,589
Additions						3,545				3,545
Disposals
At 30June 2022					44,268	297,015	21 759	37,092		396 134
Depreciation
At 1 July 2021					15,029	286,954	8,880	31,387		342,250
Charge for the year					2,313	6,897	4,440		657	14,307
Disposals
At 30 June 2022					17342	293 851	13,320	32	044	356,557
Net Book Value
At 30June 2022					26 926	3 164	8,439	1,048		39,577
At 30June 2021					29,239	6,516	12,879	1,705		50,339

			Listed
			Securities
Market Value
At 1 July 2021			100,341
Additions
Disposals			(858)
Decrease in	cash held		(9,510)
Revaluations			(11,832)
At 30June 2022			78,141
Investments	at Market Value comprise:
		2022	2021
Cash		1,835	11,345
Listed investments		76,306	88,996
		78 141	100 341

			2022	2021
Prepayments and accrued income			15,101	9,188
Creditors: Amounts		Falling Due Within One year
			2022	2021
Other taxation and social security			1,073	417
Other creditors			636	2,192
Accruals			1,913	3,727
Deferred	income		4,000	4,000
			7 622	10,336
Deferred	Income
At 1 July	2021		4,000
Additions			4,000
Amounts	released to	income	(4,000)
At 30June 2022			4,000

				Balance at			Transfers	Transfers	Transfers	Transfers		Balance at
				1July 2021	Income	Expenditure	In		Out		Losses	30June 2022
Unrestricted Funds
Designated Funds
Designated long term contingency			fund	40,000					40,000
Designated fixed	asset reserve			50,339								50,339
Designated building		purchase reserve		100,341					20,000			80,341
Total Designated	Funds			190680					60,000			130680
General Funds
General funds				19,517	67,963	124,620	63,045			-	11,832	14,073
Total Unrestricted	Funds			210 197	67 963	124 620	63	045	60	000	11832	144753
Restricted Funds
Boat extras fund				2,065	120	2,185
Winter project				3,000	2,500	3,000						2,500
Safety boats and salary costs				10,507	11,908	11,708						10,707
Clothing				2,238		2,238
After school family		project			3,500	3,500
General operating	costs				2,125	2,125
Volunteer training					9,800	9,800
Friendship repair					9,996	6,190						3,806
Mooring					2,000	2,000
Boat replacement					3,045				3,045
Cadet training					3,900	3,900
Total Restricted				17,810	48 894	46 646		-	3	045	-	17013
Total ofFunds				228,007	116,857	171,266	63,045		63,045		11,832	161,766

						Balance at			Transfers	Transfers		Balance at
						1July 2020	Income	Expenditure	In	Out	Losses	30June 2021
Unrestricted Funds
Designated Funds
Designated long term contingency					fund	40,000						40,000
Designated fixed	asset reserve					46,567			3,772			50,339
Designated building			purchase	reserve		75,166			25,175			100,341
Total Designated	Funds					161733			28,947			190,680
General Funds
General funds						43,149	61,930	91,160	10,943	28,947	23,602	19,517
Total Unrestricted		Funds				204 882	61 930	91 160	39890	28 947	23 602	210 197
Restricted Funds
Boat purchase and		maintenance		fund		100	5,624	3,659				2,065
Hut purchase						1,000	9,943			10,943
Winter Project						3,000	1,500	1,500				3,000
BoatProject						5,597				5,597
Safety boats and salary costs							4,910		5,597			10,507
After school family			project				6,970	6,970
General operating		costs					27,371	27,371
Volunteer training							400	400
Clothing						398	5,030	3,190				2,238
Total Restricted						10,095	61,748	43,090	5,597	16,540	-	17,810
Total ofFunds						214977	123,678	134250	45 487	45 487	23,602	228,007

	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	2022	2022	2022
Tangible fixed assets	39,577		39,577
Fixed asset investments	78,141		78,141
Net current assets	27,035	17,013	44,048
	144,753	17,013	161,766

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2021	2021	2021
Tangible	fixed assets	50,339		50,339
Fixed asset investments		100,341		100,341
Current	assets	69,353	18,310	87,663
Creditors	due within one year	(9,836)	(500)	(10,336)
		210,197	17,810	228,007