2021-12-31-accounts - Qvsr

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				General	Designated	Restricted	Endowment	Funds	Funds
			Note	Funds	Funds	Funds	Funds	2021	2020
					6	6	8	K	6
INCOME AND EXPENDITURE
Income
Income from donations	and	legacies:
Legacies receivable				1,777				1,777	52,250
Appeals Income				22,305				22,305	14,986
Income from Investment
Investment income				2,207				2,207	4,002
Activities in furtherance	ofthe charity's		objectives:
Restaurant and Shop				319,450				319,450	321,090
Hostel				2,120,815				2,120,815	2,055,135
Rental Income				6,850				6,850	6,680
Grants Income			2			215,652		215,652	409,716
Seafarer Centre				65,088		109,750		174,838	286,727
Other income				43,875				43,875	70,073
Total Income				2,582,367		325,402		2,907,769	3,220,659
Expenditures
Charitable activities:
Restaurant and Shop				564,520				564,520	535,539
Hostel				1,383,631		215,652		1,599,283	1,700,154
Seafarer Centre				64,951		109,750		174,701	224,588
Property				13,768				13,768	16,890
Samaritan work				156,070				156,070	132,440
Total Expenditures			3	2,182,940		325,402		2,508,342	2,609,611
Net Incomel Expenditure		for the year		399,427				399,427	611,048
Transfer Between Funds			10&11	300,000	300,000
				99,427	300,000			399,427	616,048
Other recognised gains:
Gains on fixed asset investments				38,726				38,726	13,396
Net Movements in Funds				138,153	300,000			438,153	629,444
Opening Funds at 1stJanuary 2021				700,174	11,411,761	160,863	7,344	12,280,142	11,650,698
Closing Fund Balances				838,327	11,711,761	160,863	7,344	12,718,295	12,280,142

		Note	2021	2021	2020	2020
			6	F	6	6
Fixed Assets
Tangible Fixed Assets				12,535,707		12,186,888
Investments-
CFB Managed Mixed Fund				121,974		106,193
EP Climate Steward	Fund			130,151		107,206
				12,787,832		12,400,287
Current Assets
Stocks			4,703		4,484
Debtors		7	238,312		212,855
CFB Deposit accounts			576,565		726,806
Cash at bank and in	hand		274,210		270,459
			1,093,790		1,214,604
Current Liabilities
Creditors: due within	one year	8	277,826		313,017
Nef Current Assets				815,964		901,587
Creditors: due after more than one
year				885,501		1,021,732
Total Net Assets				12,718,295		12,280,142
Funds Employed
Equity
General Funds		10		838,327		700,174
Designated Funds		10		11,711,761		11,411,761
Restricted Funds		11		160,863		160,863
Endowments Funds		12		7,344		7,344
				12,718,295		12,280, 142

F		or		the year	ended 31st De	cember 2021
						2021f		2020 f
Cash inflow from operating			activities
Net cash provided by operating				activities		518,348		709,044
Cash flows from investing		activities
Investment income and interest				received		2,207		4,002
Interest paid						(34,133)		(32,697)
Purchase of Investments Payments to acquire tangible		fixed assets				(426,299) ~458,225)	(200,002) ~1375,585 604,282)
Cash flow from financing	activities
Loan repayment						(136,231)		(126,086)
Loan drawdown								400,000
						(136,231		273,914
Net increase in cash and cash				equivalents		(146,490)		378,676
Cash and cash equivalents		at	beginning		of year	997,265		618,589
Cash and cash equivalents		at end of year				850,775		997,265
Reconciliation of net income		to		net cash	flow from operating	activities
						2021f		2020f
Net income including endowments						438,153		629,444
Adjustment for:
Depreciation charges						77,480		83,875
Investment income						(2,207)		(4,002)
Gains on Investment						(38,726)		(13,397)
Interest paid						34,133		32,697
Decrease /(Increase ) in stock						(219)		412
Increase debtors Decrease in creditors						(25,457) 35,191		(9,353) ~15,832)
Net cash provided by operating				activities		518,348		709,044
Analysis:
						At	Cash	At
Analysis of changes in net	debts					01/01/2021	Flows	31/12/2021
Cash						270,459	3,751	274,210
Cash equivalents						726806	150,241)	576,565
						997,265	(146,490)	850,775
Loans falling due within one year						(136,230)		(136,230)
Loans falkng due after more			than one year			1,021,731)	136,230	(885,501)
						(160,696)	(10,260)	(170,956)

Cash and cash equivalents includes cash of three months or less	Cash and cash equivalents includes cash of three months or less	in	hand, depo	sit held at calI with banks, ot	her short term liquid	investments	and anginal matunties
Financial Instruments Basic finanaal instruments are measured		at	amortised	cost other than investments	which are measured	at market	value at 31st December
2021.
Grants					2021		2020
Restricted Grants Methodist Insurance Fund HMRC JRS St Paul's Reformed National Lottery Bernard Sunley Garfield INeston The Clothworkers ABF The Soldiers The Albert Hunt The Neighbourly BB,Q Garden					6 17,834 8,832 63,130 5,000		6 50,000 29,604 8,832 10,000 50,000 60,000 15,000 25,000 28 150
The Veterans Foundation The Beatrice Laing Trust East End Community Fund							10,000 6,300 12,500
Trinity House Seafarer Proleci Grants Seafarer Charity Shipwrecked Manners' Soaety MN\NB					30,000 45,000 30 45,826 215,652		110,000 330 415,716
Seafarer Pro/ect Grant was funded	equally		by Mission	for Seafarers, Sailors Soaety	and Stella Mans
Seafarer Centre Rsstncted Grants Port of London Authority Seafarer Chadity Rightship UK limited DP INorld ITF Seafarers International Trans Tnnity House					6 32,250 35,000 6,000 9,000 500		f 32,250 89,500 1,000 9,000 2,515 2,500 18,580 566
ICMA MNtNB Port of Tilbury Total					16,000 11,000 109,750		16,000 12,000 183,911

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	The average number	ofemployees,	on a full time basis analysed	by function,	was:		2021	2020
							No.	No.
	Shop and restaurant Seafarer Centre						7 3	7 3
	Hostel						28	28
							38	38
	The average number	ofemployees	on a head count basis was	50(2019:50)
5	Tangible Fixed Assets		Freehold
			Land and	Furniture 8
	Cost or deemed cost		Building f	Fixtures 6	Equipment F		Vehicles E	Total 6
	Cost brought forward		12,092,665	420,364	310,189		71,702	12,894,920
	Additions		398,324	7,305		1,747	18,923	426,299
	As 31st December 2021		12,490,989	427,669	311,936		90,625	13,321,219
	Depreciation
	Depreciation brought	forward	187,688	257,332	227,010		36,002	708,032
	Charge for the year		29,657	19,381		15,659	12,783	77,480
	As at December 2021		217,345	276,713	242,669		48,785	785,512
	Net Book Value
	At 31stDecember 2021		12,273,644	150,956		69,267	41,840	12,535,707
	At 31st December 2020		11,904,977	163,032		83,179	35,700	12,186,888

6	a) Investments		2021 8		2020f
	Market Value 1st January		213,399
	Acquisitions at Cost				200,002
	Disposals
	Net unrealised gains		38,726		13,397
			252,125		213,399
	Value at cost 31 December		213,399
6	b) Geographical breakdown		2021		2020
	In the UK		252,125		213,399
6	c) Investments that are material	in terms of the investment	portfolio ( i.eover 5%)are	disclosed	below
			Porffolio	Market Value
					8
	CFB Managed Mixed Fund		48.4		121,974
	Epworth Climate Stewardship		51.6		130,151
7	Debtors		2021		2020
			6		8
	Trade debtors		145,826		137,579
	Bad debt provision		(8,880)		(1,666)
	Other taxes and social security costs		80,838		61,559
	Other debtors		9,719		3,086
	Prepayments and accrued income		10,809		12,297
			238,312		212,855
8 Creditors: Amounts falling due		within one year
			2021		2020
			6
	Trade creditors		44,245		73,275
	Other creditors		36,304		20,995
	Tax and social security		39,372		34,563
	Accruals		21,675		47,954
	Loan (See note 9)		136,230		136,230
			277,826		313,017

For the year ended 31st Decembe	For the year ended 31st Decembe	r 2021 (continued)
Creditors: Amounts falling due after more than one year
		2021	2020
		8
Loan due within	1	136,230	136,230
Loan due within	2 to 5years	408,690	408,690
Loan due within	more than 5years	340,581	476,812
		885,501	1,021,732

Unrestricted	Funds
						Gain
			Balance at	Income	Expenditure	on	Fund	Balance at
			1.1.2021			Investment	Transfers	31 .12.2021
			f	E	f			8
Designated	Funds
Fixed Asset	Fund		11,058,378				300,000	11,358,378
Queen Victoria Seamen's		Rest	353,383					353,383
			11,411,761				300,000	11,711,761
General Funds
QVSR			700,174	2,582,367	(2,182,940)	38,726	(300,000)	838,327
			12,111,935	2,582,367	(2,182,940)	38,726		12,550,088
			Balance at	Income	Expenditure	Gain on	Fund	Balance at
			1 .1 .2020			Investment	Transfers	31 .12.2020
					8	f	8	f
Designated	Funds
Fixed Asset	Fund		10,518,284				540,094	11,058,378
Queen Victoria Seamen's		Rest	353,383					353,383
			10,871,667				540,094	11,411,761
General Funds
QVSR			610,824	2,626,033	(2,361,144)	13,396	(188,934)	700,174
			11,482,491	2,626,033	(2,361,144)	13,396	351,160	12,111,935

The Investments held on deposit	with the Central	with the Central	Finance Board and were	Finance Board and were	established	by endowments	received in
the past and held by the Queen Victoria Seamen's Direction. Interest earned has been included within			Rest which has been aggregated with QVSR under an Uniting General Funds and therefore there has been no movement in
the Endowment Funds during the	year.
Analysis of Net Assets Between	Funds and	Charities
	Fixed			Current		Total	Total
	Assets	Investment		Assets	Liabilities	2021	2020
	F		f	f		F	F
QVSR
Designated Funds Fixed Assets Fund Restricted Funds General Funds 12,042,861 12,042,861			252,125 252,125	21,400 1,065,046 1,086,446	(684,483) - (478,844 (1,163,327)	11,358,378 21,400 838,327 12,218,105	11,058,378 21,400 700,174 11,779,952
ueen Victoria Seamen's Rest Designated Funds Restricted Funds Endowment Funds	353,383 139,463 492,846			7,344 7,344		353,383 139,463 7,344 500,190	353,383 139,463 7,344 500,190
	12,535,707		252,125	1,093,790	(1,163,327)	12,718,295	12,280, 142

Analysis of	Net Assets Between Funds	and Charities (conti	nued)
		Fixed		Current		Total
		Assets	Investment	Assets	Liabilities	2020
		E	E	E	f	E
Q VSR
Designated	Funds
Fixed Assets Fund		11,694,042			(635,664)	11,058,378
Restricted Funds				21,400	-	21,400
General Funds			213,399	1,185,860	(699,085)	700,174
		11,694,042	213,399	1,207,260	(1,334,749)	11,779,952
Queen Victoria Seamen's Rest
Designated	Funds	353,383				353,383
Restricted Funds		139,463				139,463
Endowment	Funds			7,344		7,344
		492,846		7,344		500,190
		12,186,888	213,399	1,214,604	(1,334,749)	12,280,142

		Balance at	Expenditure	Investment	Funds	Balance at
		1.1.2021 f	f	Revaluation f	Transfer f	31.12.2021 f
General funds		353,383				353,383
Restricted	Funds	139,463				139,463
Endowment	Funds	7,344				7,344
		500,190				500,190

At 31	December 2021, the charity had payments	falling due under operating leases as follows:
		Equipment	Equipment
		2021	2020
		E
Less	than one year	3,406	3,406
within	2- 5years	8,515	11,921
Over	5 years
Total		11,921	15,327

7 Corresponding year fi		gures				(connue)
						General	Designated	Restricted	Endowment	Funds
					Note	Funds 6	Funds 6	Funds f	Funds f	2020 6
INCOME AND EXPENDITURE
INCOME
Income from generated Legacies received Appeals Income Investment income	funds					52,250 14,986 4,002				52,250 14,986 4,002
Activities in furtherance		ofthe charity's	objectives.
Restaurant and Shop Hostel						315,090 2,055,135		6,000		321,090 2,055,135
Rent received						6,680				6,680
Grants received								409,716		409,716
Seafarer Centre						102,817		183,911		286,728
Other incomes						75,073				75,073
Total income						2,626,033		599,627		3,225,659
Expenditures
Charitable activities.
Restaurant and Shop Hostel						529,539 1,641,598		6,000 58,556		535,539 1,700,154
Seafarer Centre						40,677		183,911		224,588
Rents expenditure						16,890				16,890
Samaritan work						132,440				132,440
Total Expenditures						2,361,144		248,467		2,609,611
Net Income/ Expenditure		for the year				264,888		351,160		616,048
Transfer Between Funds						188,934)	540,094	351,160
						75,954	540,094			616,048
Other recognised gains Gains on fixed asset investments						13,396				13,396
Net Movements in Funds						89,350	540,094			629,444
Opening Funds at 1st January 2020						610,824	10,871,667	160,863	7,344	11,650,698
Closing Fund Balances						700,174	11,411,761	160,863	7,344	12,280,142
18 Net income
Net income is stated	after charging:							2021		2020
								6		6
Auditors Remuneration		-audit (excluding		VAT and	over/	under accurals)		16,750		15,295