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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|funds
f|funds|funds|funds
f.|
|INCOIIE ANO ENOOWIIENTS FROII||||||
|Donations
and legacies|3|267,0?7|229,595|496,672|115,79?|
|Charitable activities||||||
|Education||||45|3,194|
|Other trading activities|4|56,193||56,193|265,431|
|investment
income|5|4854||4054|8,413|
|Total||328,169|229,595|557,764|392,835|
|EXPENDITURE ON||||||
|Raising funds||6,804|||28,586|
|Charitable activities||||||
|Maintenance
ofthe Wellington||149,551|127,466|277,017|452,369|
|Education|||90,077|90,077|24,22?|
|Total||156,355|217,543|373,898|505,182|
|Net gains/(losses)
on investments||61742||61 742|~38577)|
|NET INCOIIENEXPENDITURE)||233,556|12,052|245,60&|(150,924)|
|Transfers
between funds|21|8450|~0450|||
|Net movement
in funds||242,006|3,602|245,60&|(150,924)|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||661,932|21,440|683,3?2|834,296|
|TOTAL FUNDS CARRIED FORWARD||903938|25042|920900|683372|
|||2021|2020|
|---|---|---|---|
||||F|
|FIXEDASSETS||||
|Tangible assets
Investments|15
16|575,575
271100|475,521
230415|
|||848,735|705,936|
|CURRENT ASSETS||||
|Stocks|17||7,015|
|Debtors|18|163,523|30,314|
|Cash at bank||9742|8255|
|||173,265|45,584|
|CREDITORS||||
|Amounts
falling due within one year||(91,020)|(68,148)|
|NET CURRENT ASSETS||82245|~22,564)|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||928,980|683,372|
|NETASSETS||920980|683372|
|FUNDS||||
|Unrestricted
funds||903,938|661,932|
|Restricted funds||25042|21 440|
|TOTAL FUNDS||920 000|683372|
##
||Notes|2021
f|2020
f|
|---|---|---|---|
|Cash flows from operating|activities|||
|Gash generated
from operations||J7~50~M|i157,674)|
|Net cash used in operating|activities|/7~50~64|)157,674)|
|Cash flows from investing|activities|||
|Purchase oftangible fixed assets||{134+81)||
|Purchase offixed asset investments
Saleoffixed asset investments||P8,924)
283~7|(41,507)
144,962|
|Interest received||17|55|
|Dividends
received||4,837|8,358|
|Movement
in investment
manager cash||'I 425|28881|
|Net cash provided
by investing
activities||7655'1|140749|
|Change in cash and cash|equivalents|||
|in the reporting
period||1,487|(16,925)|
|Cash and cash equivalents|at the|||
|beginning
ofthe reporting|period||25180|
|Cash and cash equivalents|atthe end|||
|ofthe reporting
period||9742|8,255|
##
|
ACTMTIES||||
|---|---|---|---|
|||2021|2020|
||||E|
|Net income/(expenditure)
forthe reporting|period (as per the|||
|Statement ofFinancial Activities)||245,608|(150,924)|
|Adjustments
for.
Depreciation
charges||13,544|16,340|
|(Gain)/losses
on investments||(61,742)|38,577|
|Loss on disposal offixed assets||20,693||
|Interest received||(17)|(55)|
|Dividends
received||(4,837)|(8,358)|
|Non-cash
gift ofinvestments||(184,991)||
|Decrease/(increase)
in stocks||7,015|(1,658)|
|Increase in debtors
Increase/(decrease)
in creditors||(133,209)
22572|(12,106)
~39490|
|Net cash used in operations||~75954|~157674)|
|2.|ANALYSIS OFCHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1.4.20|Cash flow|At 31.321|
||Net cash|||||
||Cash at bank|||~1487|~9742|
|||||~1487|~9742|
||Total||8 55|~17|~9742|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATI|ONS|AND LEGA|CIES|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||R||
|Gifts||||186,591||
|Donations||||10,739|57,835|
|Gift aid||||17,665|5,886|
|Legacies||||20,011||
|Grants||||244,164|23,800|
|8ubscriptions||||17802|28276|
|||||400672|118797|
|Grants received, included|||in the above, are as follows;|||
|||||2021|2020|
||||||F|
|Coronavirus||Job Retention|Scheme|14,569||
|National|Lottery Heritage||Fund|219,595|23,800|
|The Portal Trust||||10000||
|||||244 164|23800|
|4.|OTHER TRADING|ACTIVITIES|ACTIVITIES|||
|---|---|---|---|---|---|
|||||2021|2020
f|
||Rents receivable|||53,879|253,072|
||Sundry
rental and other
Functions||income|2326
~12|1,805
10554|
|||||56193|265431|
|5.|INVESTMENT INCOME|||||
|||||2021f|2020
f|
||Dividends|||4,837|8,358|
||Deposit account interest|||17|55|
|||||~4854|8,413|
|6.|INCOME FROM CHARITABLE ACTIVITIES|||||
||||Activity|2021
f|2020
f|
||Heritage Evenings||Education|45|~3194|
|7.|RAISING FUNDS|||||
||Raising donations|and|legacies|||
|||||2021f|2020
f|
||Fundraiser|||1,700|11,013|
||Functions expenses||||10,762|
||Friends' expenses|||475||
|||||2175|21 775|
||Other trading activities|||||
|||||2021
f|2020
f|
||Bad debts|||~4557|~6481|
||Investment
management||costs|||
|||||2021f|2020
f|
||Portfolio management|||72|330|
||Total||||28586|
##
|||||Direct|Support||
|---|---|---|---|---|---|---|
|||||Costs (see|costs (see||
|||||note 9)
f|note 10)
f|Totals
f|
||Maintenance||ofthe Wellington|186,120|90,897|277,017|
||Education|||90077||900?7|
|||||276707|90097|3070$4|
|9.|DIRECTCOSTSOF CHARITABLE ACTIVITIES||||||
||||||2021f|2020|
||Staff costs||||27,019|122,069|
||Repairs and||maintenance||87,200|129,273|
||Mooring fees||||5,068|25,666|
||Rates||||2,419|10,613|
||Insurance||||12,125|11,533|
||Website||||&,220||
||Utilities||||9,832|28,185|
||Exhibitions||||11,360||
||Augmented|reality project|||75,200||
||Education expenses||||3,517|17,958|
||Heritage Evenings|||||3,219|
||Depreciation||||13,544|16,340|
||Loss on sale||ofassets||20603||
||||||276197|364666|
##
##
|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
|||Management
f|costs
f|Totals|
|Maintenance
ofthe Wellington||85407|5400|90897|
|Support costs, induded|in the above, are as follows:||||
||||2021|2020|
||||Maintenance||
||||ofthe|Total|
||||Wellington
f|activities
f|
|Wages
Social security|||9,050
1,003|62,849
5,961|
|Pensions||||4,698|
|Consultant
manager|||26,894|W|
|Accounting|||3,444|150|
|Database|||14,198|W|
|Marketing
Bank and payment charges|||10,023
1,192|W
715|
|Sundry expenses|||3,004|4,667|
|ITand software costs|||3,148||
|Legal fees|||2,180||
|Professional fees|||11,361|27,350|
|Auditors'
remuneration|||5400|5350|
||||00897|111740|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)|is stated after charging/(crediting):||||
||||2021f|2020
f|
|Auditors'
remuneration|||5,400|5,350|
|Depreciation - owned assets|||13,544|16,340|
|Deficit on disposal offixed assets|||20804||
##
##
##
##
##
|STAFFCOSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||R||
|Wages and salaries
Social security costs
Other pension costs||||||33,640
3,288
144|171,189
14,857
9531|
|||||||37072|195577|
|The average
monthly|number of|employees||during the year|was as f'ollows:|||
|||||||2021|2020|
|Shipkeepers
and maintenance
Administration||||||1
2|5
5|
||||||||10|
|No employees
received emoluments|||in excess off60,000.|||||
|COMPARATIVES FORTHE STATEMENT||||OF FINANCIAL|ACTIVITIES|||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||F|||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||||91,997|23,800|115,797|
|Charitable
activities||||||||
|Education|||||3,194||3,194|
|Other trading activities|||||265,431||265,431|
|investment
income|||||8413||8413|
|Total|||||369,035|23,800|392,835|
|EXPENDITURE ON||||||||
|Raising funds|||||28,586||28,586|
|Charitable
activities||||||||
|Maintenance
ofthe Wellington|||||390,547|61,822|452,369|
|Education|||||3,219|21,008|24,227|
|Total|||||422,352|82,830|505,182|
|Net gains/(losses)
on|investments||||~38577)||~38 577|
|NET INCOME/(EXPENDITURE)|||||(91,894)|(59,030)|(150,924)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward||||753,826|80,470|834,296|
|TOTAL FUNDS CARRIED FORWARD|||||661 932|21 440|683,372|
|15.|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
|||improvements|Fixtures||||
|||to HQS|and||HQS||
|||Wellington
f|fittings
f||Wellington|Totals
f|
||COST||||||
||At 1 April 2020|177,146|21,034|||802,874|
||Additions|134,29'I||||134,291|
||Disposals|~66 785|~21|034||~87 81$|
||At 31March 2021|244652|||||
||OEPRECIATION||||||
||At 1 April 2020|98,871|20,966||207,516|327,353|
||Charge for year
Eliminated
on disposal|2,2?6
~40160|~20|W
966|11,268|13,544
~67 'l26|
||At 31March 2021|54987|||218784|273771|
||NET BOOKVALUE||||||
||At 31March 2021|189065||-|385910|575575|
||At 31March 2020|78275||68|397178|475521|
|16.|FIXEOASSET INVESTMENTS||||||
|FIXEOA|SSET INVESTMENTS||
|---|---|---|
|||Listed|
|||investments
f|
|MARKET|VALUE||
|At 1 April|2020|230,415|
|Additions||263,915|
|Disposals||(283,487)|
|Unrealised|gains/(losses)|53,901|
|Realised|gains/(losses)|7,841|
|Movement|in cash|~1~425)|
|At 31 March 2021||271160|
|NET BOOK VALUE|||
|At 31 March 2021||2711$0|
|At 31 March 2020||230,415|
|17.|STOCKS||||||
|---|---|---|---|---|---|---|
||||||2021
f|2020
f|
||Stocks|||||I?015|
|18.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2021|2020
f|
||Trade debtors||||2,674|15,934|
||Other debtors||||38,881|148|
||VAT||||47,042||
||Prepayments|and accrued income|||74926|14232|
||||||163523|30314|
|19.|CREDITORS'|AMOUNTS FALLING DUE WITHIN ONE||YEAR|||
||||||2021
f|2020
f|
||Trade creditors||||84,500|5,342|
||VAT|||||5,245|
||Other creditors||||173|130|
||HCMM|||||38,441|
||Accrued expenses||||8347|18,990|
||||||91020|68148|
|20.|ANALYSIS OF NETASSETSBETWEEN FUNDS||||||
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds
f|funds
f|funds|
||Fixed assets||575,575||575,575|475,521|
||Investments||271,160||271,160|230,415|
||Cunent assets||82,763|90,502|173,265|45,584|
||Current
liabilities||~25580|~65460|~91020|~88 148|
||||903 938|25042|028 9&0|683372|
##
|MOVEMENT|IN FUNDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transi'ers||
|||||movement|between|At|
||||At 1.4.20
f|in funds|funds|31.3.21|
|Unrestricted|funds||||||
|General fund|||661,932|233,556|(41,550)|853,938|
|Ship Removal|Fund||||50000|50000|
||||661,932|233,556|8,450|903,938|
|Restricted funds|||||||
|National
Lottery Heritage||Fund||5,569||5,569|
|Portal Trust|||12,990|(3,517)||9,473|
|Replacement|Moorings Project||8,450||(8,450)|W|
|Portal Trust 2020/21||||10000||10000|
||||21440|12052|~84!i+0|25042|
|TOTAL FUNDS|||683372|245608||928980|
##
|Net movement
in funds, induded
in th|e above are as follo|ws:|||
|---|---|---|---|---|
||incoming|Resources|Gains and|Movement|
||resources
f|expended|losses
f|in funds
f|
|Unrestricted
funds|||||
|General fund|328,169|(156,355)|61,742|233,556|
|Restricted funds|||||
|National
Lottery Heritage Fund|219,595|(214,026)||5,569|
|Portal Trust
Portal Trust 2020/21|10000|(3,517)||(3,517)
10000|
||220595|217543||12052|
|TOTAL FUNDS|557764|~373098|61742|245600|
##
##
|Comparatives|for movement
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.19
f|in funds
f|31.3.20
f|
|Unrestricted|funds||||
|General fund||753,826|(91,894)|661,932|
|Restricted funds|||||
|Portal Trust||45,845|(32,855)|12,990|
|Replacement|Moorings Project|34 625|~26 175|8450|
|||80470|~59 030|21440|
|TOTAL FUNDS||834296|~150924)|683372|
|Comparative|net moveme|nt
in funds, i|ncluded
in the abov|e are as follows|:||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources
f|ended
f|losses
f|in funds
f|
|Unrestricted|funds||||||
|General
fund|||369,035|(422,352)|(38,577)|(91,894)|
|Restricted funds|||||||
|National
Lottery Heritage||Fund|23,800|(23,800)|||
|Portal Trust||||(32,855)||(32,855)|
|Replacement|Moorings Project|||~26 175)||~26 175)|
||||23800|~82 830||59030|
|TOTAL FUNDS|||392 835|~505 182)|~38 577|~150924)|
##
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##
##