| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 12 |
| Independent Examiner's Report |
13 | ||
| Statement ofFinancial Activities | 14 | ||
| Balance Sheet | 15 | to | 16 |
| Notes to the Financial Statements | 17 | to | 28 |
| Detailed Statement ofFinancial Activities | 29 | to | 30 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
64,492 | 1,000 | 65,492 | 112,475 | ||
| Charitable activities |
||||||
| Research | 10,000 | 10,000 | (2,559) | |||
| Education | 119,529 | 35,000 | 154,529 | 149,555 | ||
| Other | 128,992 | 128,992 | ||||
| Other trading activities | 3,595 | 3,595 | 29,910 | |||
| Investment income |
1,505 | 1,505 | 3,019 | |||
| Other income | 476 | |||||
| Total | 318,113 | 46,000 | 364,113 | 292,876 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 80,230 | 2/26 | 82,456 | 126,324 | ||
| Charitable activities |
||||||
| Research | 61,067 | 40,566 | 101,633 | 119,257 | ||
| Education | 57,433 | 4,201 | 61,634 | 92,464 | ||
| Conservation | 76,822 | 4+01 | 81,023 | 83,268 | ||
| Total | 275,552 | 51,194 | 326,746 | 421,313 | ||
| NET INCOME/(EXPENDITURE) | 42,561 | (5,194) | 37,367 | (128,437) | ||
| Transfers between funds |
18 | ~12) | 12 | |||
| Net movement in funds |
42,549 | (5,182) | 37,367 | (128,437) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 18,579 | 97,594 | 116,173 | 244,610 | |
| TOTAL FUNDS CARRIED FORWARD | 61,128 | 92,412 | 153,540 | 116,173 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 'funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 29,085 | 67,433 | 96,518 | 98,182 |
| Investments | 14 | 1 | 1 | 1 | |
| 29,086 | 67,433 | 96,519 | 98,183 | ||
| CURRENT ASSETS | |||||
| Debtors | 15 | 30,015 | 30,015 | 36,461 | |
| Cash at bank and in hand | 32,390 | 24,979 | 57,369 | 22,922 | |
| 62,405 | 24,979 | 87,384 | 59,383 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (30,363) | (30,363) | (41,393) | |
| NET CURRENT ASSETS | 32,042 | 24,979 | 57,021 | 17,990 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 61,128 | 92,412 | 153,540 | 116,173 | |
| NET ASSETS | 61,128 | 92,412 | 153,540 | 116,173 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
61,128 | 18,579 | |||
| Restricted funds | 92,412 | 97,594 | |||
| TOTAL FUNDS | 153,540 | 116,173 |
| 2021 | 2020 | ||
|---|---|---|---|
| Donations | 45,326 | 68,547 | |
| Gift aid donations | 10,029 | 29,032 | |
| Adopt a lobster | 8,637 | 13,896 | |
| Harbour Holidays | 1,000 | 1,000 | |
| FLTCaravans | 500 | ||
| 65,492 | 112,475 | ||
| OTHER TRADING ACTIVITIES | |||
| 2021 | 2020 | ||
| Donation &om NLH Enterprises | 2,605 | 16,469 | |
| Merchandise | income | 40 | |
| Functions and | Events | 6,149 | |
| Room hire | 910 | ||
| Juvenile sales | 950 | 6,382 | |
| 3,595 | 29,910 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| Rents received | 1,500 | 3,000 |
| Deposit account interest | 5 | 19 |
| 1,505 | 3,019 |
| INCOME FROM CH | ARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Activity | |||
| Revenue grants | Research | 10,000 | (2,559) |
| Admissions | Education | 51,029 | 130,921 |
| Revenue grants | Education | 103,500 | 18,634 |
| Revenue grants | Other | 128,992 | |
| 293,521 | 146,996 |
| Grants received, inc | luded | in the above, are as follows: | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| The Steel Charitable | Trust | 15,000 | |||
| University ofExeter | 10,000 | ||||
| Padstow Town Council | 240 | ||||
| The Headley Trust | 20,000 | ||||
| Garfield Weston Foundation | 50,000 | ||||
| Marine Management | Organisation | (2,559) | |||
| World Link Distributors | Inc | 1,694 | |||
| Heritage Lottery Fund | 18,500 | 16,700 | |||
| HM Revenue &Customs | Job Retention Scheme | 89,849 | |||
| COVID 19Small Business Grant | 39,143 | ||||
| 242,492 | 16,075 | ||||
| 6. | RAISING FUNDS | ||||
| Raising donations | and | legacies | |||
| 2021 | 2020 | ||||
| Staffcosts | 40,138 | 57,474 | |||
| Function and events | costs | 27 | 2,216 | ||
| 40,165 | 59,690 | ||||
| Other trading activities | |||||
| 2021 | 2020 | ||||
| Purchases | 680 | 523 | |||
| Staffcosts | 31,897 | 49,293 | |||
| Support costs | 9,714 | 16,818 | |||
| 42,291 | 66,634 | ||||
| Aggregate amounts |
82,456 | 126,324 |
| CHARITABLE ACT | IVITIES COSTS | |||
|---|---|---|---|---|
| Support | ||||
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| Research | 48,645 | 52,988 | 101,633 | |
| Education | 6,513 | 55,121 | 61,634 | |
| Conservation | 28,034 | 52,989 | 81,023 | |
| 83,192 | 161,098 | 244,290 | ||
| SUPPORT COSTS | ||||
| Management | ||||
| Other trading activities | 9,714 | |||
| Research | 52,988 | |||
| Education | 55,121 | |||
| Conservation | 52,989 | |||
| 170,812 | ||||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2021 | 2020 | |||
| Depreciation - owned assets Surplus on disposal offixed assets |
20,081 | 18,425 ~476) |
| There were no trustee STAFFCOSTS |
s' expenses for the ye | ar ended 31March 2021 nor for the | year ended 31Mar | ch 2020. |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Wages and salaries | 214,865 | 272,901 | ||
| Social security costs | 11,034 | 17,567 | ||
| Other pension costs | 5,657 | 6,721 | ||
| 231,556 | 297,189 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | |||
| Wages and salaries | 16 | 19 |
| No employees received |
emoluments | in excess of$60,000. | |||
|---|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OFFINANCIAL | ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
93,111 | 19/64 | 112,475 | ||
| Charitable activities |
|||||
| Research | (2,559) | (2,559) | |||
| Education | 132,855 | 16,700 | 149,555 | ||
| Other trading activities | 29,910 | 29,910 | |||
| Investment income |
3,019 | 3,019 | |||
| Other income | 476 | 476 | |||
| Total | 256,812 | 36,064 | 292,876 | ||
| EXPENDITURE ON | |||||
| Raising funds | 122,017 | 4,307 | 126,324 | ||
| Charitable activities |
|||||
| Research | 98,487 | 20,770 | 119,257 | ||
| Education | 86,901 | 5,563 | 92,464 | ||
| Conservation | 77,778 | 5,490 | 83,268 | ||
| Total | 385,183 | 36,130 | 421,313 | ||
| NET INCOME/(EXPENDITURE) | (128,371) | (66) | (128,437) | ||
| Transfers between funds |
1,069 | 1,069 | |||
| Net movement in funds |
(129,440) | 1,003 | (128,437) | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 148,020 | 96,590 | 244,610 | ||
| TOTAL FUNDS CARRIED FORWARD | 18,580 | 97,593 | 116,173 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Fixtures | ||||
| Short | Plant and | aild | ||
| leasehold | machinery | fittings | ||
| COST | ||||
| At 1 April 2020 | 20,309 | 301,705 | 53,940 | |
| Additions | 1,857 | 16,560 | ||
| At 31March 2021 | 22,166 | 301,705 | 70,500 | |
| DEPRECIATION | ||||
| At 1 April 2020 | 17,095 | 207,859 | 52,818 | |
| Charge for year | 992 | 14,654 | 4,435 | |
| ' | ||||
| At 31March 2021 | 18,087 | 222,513 | 57,253 | |
| NET BOOKVALUE | ||||
| At 31March 2021 | 4,079 | 79,192 | 13247 | |
| At 31March 2020 | 3,214 | 93,846 | 1,122 | |
| Computer | ||||
| Library | equipment | Totals | ||
| COST | ||||
| At 1 April 2020 | 356 | 5,721 | 382,031 | |
| Additions | 18,417 | |||
| At 31March 2021 | 356 | 5,721 | 400,448 | |
| DEPRECIATION | ||||
| At 1 April 2020 | 356 | 5,721 | 283,849 | |
| Charge for year | 20081 | |||
| At 31March 2021 | 356 | 5,721 | 303,930 | |
| NET BOOKVALUE | ||||
| At 31March 2021 | 96,518 | |||
| At 31March 2020 | 98,182 |
| FIXEDASSETINVESTMENTS | ||
|---|---|---|
| Shares | in | |
| group | ||
| undertakings | ||
| MARKET VALUE | ||
| At 1 April 2020 and 31March 2021 | ||
| NET BOOKVALUE | ||
| At 31March 2021 | 1 | |
| At 31March 2020 | 1 |
| Nature ofbusiness: trading activ | ities, sales ofmerchandise |
|---|---|
| Class ofshare | holding |
| Ordinary | 100 |
| Class ofs Ordinary |
hare | holding 100 |
|||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Aggregate | capital | and | reserves | 1 | 1 |
| 2021 2020 |
||
|---|---|---|
| Turnover Cost ofSales |
11,724 47,636 ~5,889)~19,562) |
|
| Administrative | expenses | 5,835 28,074 ~3330)~11,605) |
| Net Profit Donation to The National Lobster Hatchery |
2,605 16,469 ~2,605)~)6,469) |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2021 | 2020 | |
| Trade debtors | 1,991 | 3,975 |
| Other debtors | 7,270 | 23,147 |
| VAT | 5,440 | 2,455 |
| Accrued income | 8,366 | |
| Prep ayments | 6,948 | 6,884 |
| 30,015 | 36,461 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | |
| Trade creditors | 6,418 | 18,734 |
| Other creditors | 14,560 | 14,252 |
| Deferred income | 3,000 | 3,500 |
| Accrued expenses | 6,385 | 4,907 |
| 30,363 | 41,393 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/20 | in funds | funds | 31/3/21 | |
| Unrestricted funds |
||||
| General fund | 18,579 | 42,561 | (12) | 61,128 |
| Restricted funds | ||||
| Lobster Grower 2 | 5+59 | 5,259 | ||
| Lobster Module | 78,672 | (11,238) | 67,434 | |
| Releasing Larry | 11,336 | (11,348) | 12 | |
| New Chapter 2020 | 2027 | 17,392 | 19,719 | |
| 97,594 | 5,197 | 12 | 92,412 | |
| TOTAL FUNDS | 116,173 | 37,367 | 153,540 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 318,113 | (275,552) | 42,561 |
| Restricted funds | |||
| Lobster Module | (11,238) | (11,238) | |
| Releasing Larry | 10,000 | (21,348) | (11,348) |
| New Chapter 2020 Other Unrestricted |
35,000 1,000 |
(17,608) ~1,000) |
17,392 |
| 46,000 | ~51,194) | ~5,194) | |
| TOTAL FUNDS | 364,113 | ~326,746) | 37,367 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/4/19 | in funds | funds | 31/3/20 | |
| Unrestricted funds |
||||
| General fund | 148,020 | (128,372) | (1,069) | 18,579 |
| Restricted funds | ||||
| Aquahives | 1,420 | (2,489) | 1,069 | |
| Lobster Grower 2 | 5+59 | 5,259 | ||
| Lobster Module | 89,911 | (11,239) | 78,672 | |
| Releasing Larry | 11,336 | 11,336 | ||
| New Chapter 2020 | 2,327 | 2,327 | ||
| 96,590 | ~65 | 1,069 | 97,594 | |
| TOTAL FUNDS | 244,610 | ~128,437) | 116,173 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 256,812 | (385,184) | (128,372) | |
| Restricted funds | ||||
| Aquahives | (2,489) | (2,489) | ||
| Lobster Module | (11,239) | (11,239) | ||
| Releasing Larry | 11,864 | (528) | 11,336 | |
| New Chapter | 2020 | 24+00 | ~2),873) | 2,327 |
| 36,064 | $36,129) | ~65) | ||
| TOTAL FUNDS | 292,876 | ~421+13) | ~128,437) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/4/19 | in funds | funds | 31/3/21 | |
| Unrestricted funds |
||||
| General fund | 148,020 | (85,811) | (1,081) | 61,128 |
| Restricted funds | ||||
| Aquahives | 1,420 | (2,489) | 1,069 | |
| Lobster Grower 2 | 5,259 | 5,259 | ||
| Lobster Module | 89,911 | (22,477) | 67,434 | |
| Releasing Larry | (12) | 12 | ||
| New Chapter 2020 | 19,719 | 19,719 | ||
| 96,590 | ~5,262) | 1,081 | 92,412 | |
| TOTAL FUNDS | 244,610 | ~91,070) | 153,540 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 574,925 | (660,736) | (85,811) | |
| Restricted funds | ||||
| Aquahives | (2,489) | (2,489) | ||
| Lobster Module | (22,477) | (22,477) | ||
| Releasing Larry | 21,864 | (21,876) | (12) | |
| New Chapter 2020 Other Unrestricted |
59,200 1,000 |
(39,481) ~),000) |
19,719 | |
| 82,064 | 87,326 | 5262 | ||
| TOTAL FUNDS | 656,989 | f748,059) | ~91,070) | |
| Transfers between |
funds |
| FORTHE YEAR ENDED | 31MARCH 2021 | |
|---|---|---|
| 2021 | 2020 | |
| E | ||
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 45,326 | 68,547 |
| Gift aid donations | 10,029 | 29,032 |
| Adopt a lobster | 8,637 | 13,896 |
| Harbour Holidays | 1,000 | 1,000 |
| FLTCaravans | 500 | |
| 65,492 | 112,475 | |
| Other trading activities | ||
| Donation from NLH Enterprises Merchandise income |
2,605 ' 40 |
16,469 |
| Functions and Events |
6,149 | |
| Room hire | 910 | |
| Juvenile sales | 950 | 6,382 |
| 3,595 | 29,910 | |
| Investment income |
||
| Rents received | 1,500 | 3,000 |
| Deposit account interest | 5 | 19 |
| 1,505 | 3,019 | |
| Charitable activities |
||
| Admissions | 51,029 | 130,921 |
| Revenue grants | 242,492 | 16,075 |
| 293,521 | 146,996 | |
| Other income | ||
| Gain on sale oftangible fixed assets | 476 | |
| Total incoming resources |
364,113 | 292,876 |
| EXPENDITURE | ||
| Raising donations and legacies Wages and sta6'costs Social security Pensions |
36,234 2,871 1,033 |
51,853 4,477 1,144 |
| Function and events costs | 27 | 2+16 |
| 40,165 | 59,690 | |
| Other trading activities Merchandise costs |
680 | 523 |
| Carried forward | 680 | 523 |
| FORTHE YEAR EN | DED 31MARCH 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Other trading activities | |||
| Brought forward | 680 | 523 | |
| Wages and staff | costs | 30,901 | 47,717 |
| Social security | 398 | 922 | |
| Pensions | 598 | 654 | |
| 32,577 | 49,816 | ||
| Charitable activities |
|||
| Wages and staff | costs | 57,668 | 137,572 |
| Social security | 7,408 | 8,482 | |
| Pensions | 2,599 | 3,075 | |
| Hatchery expenses | 2,253 | 1,000 | |
| Research expenses | 13+64 | 675 | |
| 83,192 | 150,804 | ||
| Support costs | |||
| Management | |||
| Wages and staff costs | 90,062 | 35,759 | |
| Social security | 357 | 3,686 | |
| Pensions | 1,427 | 1,848 | |
| Establishment | costs | 15,286 | 23,619 |
| Insurance | 6,266 | 6,960 | |
| Office costs | 15,649 | 18,670 | |
| Marketing | 6,917 | 19,858 | |
| Professional fees |
10,922 | 22,910 | |
| Vehicle expenses | 1,002 | 3,178 | |
| Finance costs | 2,842 | 6,090 | |
| Short leasehold | 992 | 806 | |
| Depreciation | 14,655 | 16,278 | |
| Fixtures and fittings | 4,435 | 1,341 | |
| 170,812 | 161,003 | ||
| Total resources expended | 326,746 | 421,313 | |
| Net income/(expenditure) | 37,367 | ~128,437) |