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|---|---|---|---|
|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|
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||||||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|
##
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|||||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|
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|||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|
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|INVESTMENT INCOME|||
|---|---|---|
||2021|2020|
|Rents received|1,500|3,000|
|Deposit account interest|5|19|
||1,505|3,019|
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|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|
##
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|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)|
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|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|
##
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|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||
##
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|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)|
##
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|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||||
##
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|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)|