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|||Page|
|---|---|---|
|1|Reportofthe Trustees|1|
|2.|IndependentAuditor'sReport|11|
|3.|Consolidated StatementofFinancialActivities|14|
|4.|ConsolidatedBalance Sheet|15|
|5.|CharityBalance Sheet|16|
|o.|Gonsolidated Statement ofGash Flows|17|
|7.|Notesto theFinancialStatements|18|





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||Notes|Unrestricted<br>funds<br>t|SeafarerHelp<br>Restricted<br>fundst|Other<br>Restricted<br>funds<br>€|Total2021<br>t|Total 2020<br>t|
|---|---|---|---|---|---|---|
|INCOME FROM|||||||
|Donations||117,394|||117,394|9,91'l|
|Charitable activities|||||||
|Membership subscriptions||81,386|||81,386|41,185|
|Grant income||10,000|322,195|511,399|843,594|992,086|
|Sponsorshipreceived||||||10,146|
|Other income||2,725|||2,725|5,112|
|Othertradingactivities|||||||
|Commercial trading operations||108,622|||108,622|55,313|
|lnvestments|||||||
|lnvestmentincome|||||808|899|
|Total income||320,935|322,195|Aar200|1,154,529|1114,031|
|EXPENDITUREON|||||||
|Raisingfunds|||||||
|Commercial trading operations||65,637|||65,637|45,994|
|Charitable activities|||||||
|Membership support||54,8'15|||54,815|69,824|
|SeafarerHelp|||387,217||387,217|419,066|
|Projects undertaken||||351,645|351,645|415,837|
|Emergency fundgrants||||235,930|235,930|75,584|
|Total expenditure||120,452|387,217|587,575|1,095,24|1,026,305|
|Netincomeand net|||||||
|movementinfunds for the||200,483|(65,022)|(76,176)|59,285|88,347|
|year|||||||
|Reconciliationoffunds:|||||||
|Total Fundsbrought forward||192,639|67,579|305,786|566,004|477,657|
|Total Funds carried forward|13|aoa4rt|2,557|229,610|625,289|566,004|





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|CONSOLIDATED BALANCESHEET||||
|---|---|---|---|
|||2021|2020|
||Notes|E|t|
|Fixedassets||||
|Tangible assets|o|12,226|7,826|
|Current assets||||
|Debtors|10|111,221|77,375|
|Cash at bankandinhand||596,104|544,893|
|||707,325|622,268|
|Creditorsfallingduewithinoneyear|11|94,262|64,090|
|Netcurrent assets||613,063|s58,1 78|
|Total assets lesscurrent liabilities||625,289|566,004|
|Funds||||
|Unrestricted funds|13|393,122|192,639|
|Restricted SeafarerHelpfunds|13|2,557|67,579|
|OtherRestricted funds|13&14|229,610|245,475|
|Total CharityFunds||625,289|566,004|





## 

|CHARITY BALANCESHEET||||
|---|---|---|---|
|||2021|2020|
||Notes|t|f|
|Fixedassets||||
|Tangible assets<br>lnvestment|I<br>1B|12,226<br>1|7,826<br>I|
|||12,227|7,827|
|Gurrent assets||||
|Debtors|10|102,678|77,375|
|Cash at bankandinhand||589,165|534,315|
|||691,843|611,690|
|Creditorsfallingduewithinoneyear|11|78,781|53,513|
|Netcurrent assets||613,061|558,177|
|Total assets lesscurrent liabilities||625,289|566,004|
|Funds||||
|Unrestricted funds|IJ|393J22|192,639|
|Restricted SeafarerHelp funds|13|2,557|67,579|
|OtherRestricted funds|13&14|229,610|305,786|
|Total CharityFunds||625,289|566,004|





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## 

|CONSOLIDATED STATEMENTOF<br>CASHFLOWS||||
|---|---|---|---|
|||2021|2020|
|||Group|Group|
||Notes|E|t|
|Cash generatedfrom/(used by)operating|21|60,915|57,597|
|activities||||
|Cashflows from investing activities||||
|lnterest income||808|899|
|Purchase of tangiblefixedassets||(10,512)|(8,641)|
|Cashprovidedbyinvesting activities||(9,704)|(7,742)|
|lncrease/(Decreaseincashand cash||51,211|49,Bss|
|equivalents in theyear||||
|Cash and cashequivalentsatthebeginningof||544,893|495,038|
|the year||||
|Tota!cashandcash equivalentsattheendof||596,104|544,893|
|theyear||||





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|NTINCOME||||
|---|---|---|---|
|||2021<br>E|2020t|
|SeafarerHelp||322,195|415,354|
|Projects||||
|ITF|||2s,000|
|Croydon council||10,00;||
|InternationalPorlsWelfarePartnership||'|.0,822|145,037|
|Project Manager &CommunicationsAssistant|||89,175|
|Regional Programmes||149,000|131,250|
|Seafarers' Welfare Awards|||10,750|
|Super yacht||:|'1,000|
|Campaign non regionalprogram|||30,000|
|Mental health training & awareness||30,813|67,360|
|TrinityHouse|||60,000|
|Seafarers UK Covid Grant||38,28;||
|Yacht Crew help||37,445||
|||276,360|559,572|
|EmergencyFunds||||
|Seafarers'Emergency fund||245,039|3,855|
|Contact GrouponPiracy offtheCoast of Somalia(CGPCS)|||13,305|
|||245,039|17,160|
|||843,594|992,086|
||:|||



## 

|ALEXPENDITURE|||||||
|---|---|---|---|---|---|---|
||Employment|Directcosts|Support||Total|Total|
||costs<br>€|€|costs<br>t||2021<br>€|2020<br>t|
|Raisingfunds:|||||||
|Commercialtradingoperations|41,7 11||23,926||65,637|45,994|
|Charitableactivities:|||||||
|Membershipsupport|41,147||13,668||54,815|69,824|
|SeafarerHelp|295,464||91,753||387,217|419,066|
|Projects undertaken|||||||
|Regional programmes|||116,8B7||116,887|131,0Bl|
|Other|99,390|135,368|||234,758|284,756|
|Emergency Fund grants|||||||
|SeafarersEmergency||220,751|||220,751|56,494|
|CGPCS||15,179|||15,179|'19,090|
||477,712|371,298|246,234||1,095,244|1,026,305|
|||||:|||
|Forfurtheranalysis, see|note6||note7||||





## 

|ERNANCECOSTS|||
|---|---|---|
|Thefollowinggovernancecosts areincluded above within|2021|2020|
|supportcosts:|€|f|
|Audit fees|6,360|6,605|
|Legalandprofessional|9,531|5,606|
|Trusteeexpenses andBoard/Member meetings|900|3,305|
||16,791|15,516|



## 

|PLOYEEINFORMATION|||
|---|---|---|
||2021|2020|
||Number|Number|
|The averagemonthly headcount was:|15|15|
|Theaverage monthlyfull-timeequivalentnumber of employees|||
|during the year was:|||
|SeafarerHelp|11|11|
|Administration andmanagement|2|2|
|Projects|2|2|
||15|15|



||E|f|
|---|---|---|
|Employment costs|||
|Wages and salaries|407,159|398,238|
|Social security costs|30,022|33,772|
|Pension costs|20,117|19,815|
||457,298|451,825|
|Staff training costs|8,940|3,948|
|Recruitment and staff welfare|11,474|2,372|
||_:'t:|458,145|





## 

|Costs, other than staffcosts,incurred during|2021|2020|
|---|---|---|
|the yearwereas follows:|E|e|
|Establishments costs|27,664|31,784|
|Communications|24,848|23,607|
|Travelandrelated costs|(2,398)|31,291|
|lT costs|40,450|25,448|
|Publicationsandmarketing|7,697|12,112|
|Professional fees|19,336|16,917|
|Bank and other costs|5,638|6,408|
|Regional programmes|116,887|131,081|
|Depreciation|6,112|816|
||,*^,|,r,^*|
|Thesecostshave beenallocatedas follows:|2021f|2020t|
|Membership support|13,669|27,428|
|SeafarerHelp|91,753|102,998|
|Projects undertaken|||
|Regionalprogrammes|116,887|131,081|
|Other||172|
|Commercialtradingoperations|23,926|17,785|
||,*,*:|279,464|



## 



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|GROUPAND CHARITY|Fixturesand|Computer|Total|
|---|---|---|---|
||fittings|Equipment||
||€|E|e|
|Costorvaluation||||
|At1April2020|12,909|23,499|36,408|
|Additions||10,512|10,512|
|At3'1March2021|12,909|34,011|46,920|
|Depreciation||||
|At'1April2020|12,909|15,673|28,582|
|Charge for year||6,112|6,112|
|At 31March2021|12,909|21,785|34,694|
|Netbookvalue||||
|At31March2021||'12,226|12,226|
|At3'1March 2020||7,826|7,826|



## 

|10|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
|||2021||2020||2021|2020|
|||Groupf||Groupt||Charity<br>€|Charityt|
||Trade debtors|68,478||35,313||59,935|35,313|
||Prepayments andaccruedincome|42,743||42,062||42,743|42,062|
|||||77,375||102,678|77,375|
|||_'"'r'"||||||
|11|CREDITORS.AMOUNTS FALLINGDUE WITHIN|||||||
||ONEYEAR|||||||
|||2021||2020||2021|2020|
|||Group||Group||Charity|Charity|
|||€||t||f|f|
||Tradecreditors|31,537||9,256||31,537|9,256|
||Taxes and social security costs|||8,856|||8,856|
||Accruals andothercreditors|21,527||13,409||19,671|6,929|
||Amount due tosubsidiary|||||21,459|22,359|
||lncomeand Grantsreceivedin|||||||
||advance|41,198||32,569||6,114|6,114|
|||94,262||64,090||78,781|s1,530|
||||:||:|||





## 

## 

|ovementsin unrestricted|funds for the current|yearare asfollo|ws:|||
|---|---|---|---|---|---|
||Unrestricted|SeafarerHelp|Other|Totalfunds||
||funds|Restricted|Restricted|||
|||funds|funds|||
||€|E|g.||€|
|At1April2020|192,639|67,579|305,786||566,004|
|Retained for theyear|200,483|(65,022)|(76,176)||59,285|
|At31 March2021|393,122|2,557|229,610||625,289|



||Unrestricted|SeafarerHelp|Other|Total|funds|
|---|---|---|---|---|---|
||funds|Restricted|Restricted|||
|||funds|funds|||
||€|f|€|||
|AtlApril2019|160,891|71,291|245,475|477,657||
|Retained for the year|31,748|(3,712),|60,311||88,347|
|At31 March20|192,639|67,579|305,786|566,004||





## 

|ovementsin restricted fund|s for thecurrenty|eatare asfollows:|eatare asfollows:||
|---|---|---|---|---|
||1April2020|lncomeExpenditure||31March|
||E|e€||2021<br>e|
|PROJECTS|||||
|Business Development|9,568|-|(9,688)|(120)|
|CRM system|10,527|-|(10,657)|(130)|
|Health & behaviourof|1,000|||1,000|
|seafarers|||||
|HIV/Aids|3,621|||3,621|
|International Port Welfare|12,280|10,822|(19,52e;|3,573|
|Partnership|||||
|On-LineToolkit|s13|37.445|(27,067)|10,891|
|Project Managerand|68,755||(75,710)|(6,e55)|
|CommunicationsAssistant|||||
|RegionalProgrammes|22,263|149,000|(116,887)|54,376|
|Seafarers Welfare Awards|'1,981|||1,981|
|2019|||||
|Superyachts survey|623|||oz3|
|Training onBoard|(e,654)|||(9,654)|
|Campaign nonregionalproj|30,000||(4,182)|25,818|
|Mental health awareness|30,51s|30,813|(31,812)|29,516|
|TrinityHouse Sim project|49.771||(24,200)|25,571|
|Seafarers UK Covid Grant||38,280|(31,e13)|6,367|
||231.763|266,360|(351,645)|146,478|
|EMERGENCY FUNDS|||||
|Seafarers Emergency|22.469|245.039|(220,751)|46,757|
|MPHRF|22,112|||22,112|
|CGPCS|29,442||(15,179)|14,263|
||74,42:l|245,039|(235,930)|83J32|
||305,786|511,399|(587,575)|229,610|





## 

||1April2019|lncome|Expenditure|31March|
|---|---|---|---|---|
||f|Ef||2020t|
|PROJECTS|||||
|BusinessDevelopment|13,625||(40s7)|9,568|
|CRM system|24,452||(13,e25)|10,5?7|
|Heallh& behaviour of|1,000|||1,000|
|seafarers|||||
|HIV/Aids|3,621|||3,621|
|lnternationalPort Welfare|5,243|145,037|(138,000)|12,280|
|Partnership|||||
|On-LineToolkit|1,953||(1,440)|513|
|Project Managerand|51,224|89,175|(71,644)|68,755|
|Communications Assistant|||||
|RegionalProgrammes|22,094|131,250|(131,081)|22,263|
|SeafarersWelfareAwards|(3,537)|10.750|(5 233)|1,981|
|2019|||||
|Superyachts suryey|(251)|1,000|(126)|623|
|Training onBoard|(6,3e7)||(3,257)|(9,654)|
|Campaignnon regionalproj||30,000||30,000|
|Mentalhealth awareness||67,360|(36,84s)|30,515|
|TrinityHouse||60,000|(10,22e)|49,771|
||113,028|534.572|(415,837)|231,763|
|EMERGENCY FUNDS|||||
|Seafarers Emergency|75,147|3,855|(s6,4e4)|22,469|
|MPHRF|22,112|||zz,Itz|
|CGPCS|35,228|13,305|(1e,0e0)|29,442|
||132,447|17.160|(75,584)|74,023|
||245.475|551.732|<br>(491,421)|305,786|





## 

|ALYSIS OFNETASSETS BE|TWEENFUNDS||||
|---|---|---|---|---|
|At31 March2021|Unrestricted|SeafarerHelp|Other|Total|
||funds|Restricted|Restricted|funds|
||f|fundst|funds<br>€|t|
|Tangiblefixedassets|12,226|||12,226|
|Debtors|111,221|||111,221|
|Cash andbankbalances<br>Creditors: duewithinlyear|363,937<br>(e4,262)|2,55;|229,610_|596,104<br>(94,262)|
||393,122|2,557|229,610|625,289|



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|here werefuture minimumoperating leasesp|aymentsas follows:|
|---|---|
||2021<br>€<br>2020t|
|Withinlyear<br>Betweenland5years|13,325<br>13,325<br>.r,*_.1-|



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||2021|2020|
|---|---|---|
||e|L|
|StatementofFinancialActivities|||
|Sales|108,623|55,313|
|Shared costs|(65,637)|(45,994)|
|Nettradingprofit|42,986|9,319|
|GiftaidpaymenttoISWAN|(42,986)|(e,31e)|
|Netincreaseinfunds|||
|Balance Sheet|||
|Current assets|36,941|10,579|
|Current liabilities|(36,940)|(10,578)|
|Share Capital|(1)|(1)|



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||2021<br>€|2020t|
|---|---|---|
|Netmovementinfunds|59,285|88,347|
|Addback depreciation charge|6,112|815|
|Deduct interest incomeshownin investing|||
|activities|(808)|(8ee)|
|(lncrease)in debtors|(33,846)|(3s,702)|
|Increase/(Decrease)in creditors|30,'|.72|5,036|
|Netcashgeneratedfrom/(usedby) operating|||
|activities|60,915|57,597|