2021-09-30-accounts - Rcc Pilotage Foundation

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				Page
Reference and administrative	details ofthe charity, its trustees and advisers
Trustees' report				2-3
Independent examiner's report				4-5
Statement offinancial activities incorporating		income and expenditure	account
Balance sheet
Cash flow statement
Notes to the financial statements				9-14

for the year ended 30Sept	embe
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
			Note	f.
Income from:
Donations					2,880
Charitable activities:
Imray royalties Bloomsbury royalties Investments				26,922 3,981 15,615	37,339 6,220 16,289
Direct sales and other income				1 072	1 067
Total income				47590	63795
Expenditure on:
Raising funds: Investment management	fees			4,065	3,689
Charitable activities:
Project costs Authors' supplement payment Support and governance costs			2 3	14,601 2,100 23 663	29,471 2,450 21 770
Total expenditure				44 629	57380
Net income before investment gains Realised gains on disposal of investments Unrealised gains on revaluation of investments				2,961 43 537	6,415 7 17108
Net movement offunds after investment		gains		46,498	23,530
Reconciliation offunds:
Total funds brought forward				554 726	531 196
Total funds carried forward

		2021	2020
		E	F
Net movement offunds as reported of Financial Activities	in the Statement	46,498	23,530
Adjustments for:
Realised gains on investments			(7)
Unrealised gains on investments		(43,537)	(17,108)
Decrease/(increase) in debtors and prepayments		960	(1,651)
Increase/(decrease) in creditors		112	2,333
Net cash used in operating activities		4,033	2,431
Cashflows from investing activities:
Investment management fees		3,961	3,681
Cash generated during the period		7,994	6,112
Cash at 1 October 2020		26,604	20,492
Cash at 30 September 2021		34,598	26,604
increase in cash during the period		7,994	6,112

Project costs
			2021	2020
Atlantic Islands			6,334	250
Imray Explore Mediterranean Spain Southern California Channel		Islands	5,000 2,424 500	2,333
Rites ofPassage Chile			61 59	350 414
Arctic 8 Northern	Waters		39	5,000
Corsica 8 North	Sardinia			7,042
Norway Balearics				2,705 2,692
Atlantic France				2,667
Germany 8 Denmark Scilly Isles North Africa				2,500 1,564 1,539
Other			184	415
Total project costs			14,601	29,471

Support and governance	costs
		Unrestricted	Unrestricted
		funds	funds
		2021	2020
			E
Salary costs		15,000	12,000
Pension costs		450	450
Travel and subsistence		675	1,793
Office expenses		1,841	2,627
Marketing costs		1,938	1,247
ITcosts Governance —independent	examiner fees	2,369 1,590	2,213 1,440
		23,863	21,770

Staff costs were as follows:
			2021	2020
			E
Salaries and pensions
			2021	2020
The number of persons employed	by the Foundation	during the year:

			Listed	Cash
			securities	deposits	Total
			E		E
Market value
At 1 October 2020			509,737	25,000	534,737
Investment management Realised and unrealised	fees paid gains		(3,961) 43537		(3,961) 43537
At 30September 2021
Historical cost
No transfers were made	during the year.
Investments at market	value comprise:
		UK	Overseas	2021
		E	E	E
Listed investments		202,696	346,617	549,3'I3
Cash deposits		25000		25000
Total market value
			Listed	Cash
			securities	deposits	Total
			E	E	E
Market value
At 1 October 2019			496,303	25,000	521,303
Investment management	fees paid		(3,681)		(3,681)
Realised and unrealised	gains		17115		17115
At 30September 2020
Historical cost
No transfers were made	during the year.
Investments at market	value comprise:
		UK	Overseas	2020
			E
Listed investments		194,210	315,527	509,737
Cash deposits		25000		25000
Total market value

Creditors: Amounts falling due within one year
	2021	2020
	E
Other taxation and social security	257	75
Other creditors Accruals Deferred income	3,493 2,739 2 158	2,965 2,485 3010

Statement offunds —Prior year	Statement offunds —Prior year
		Brought	Income	Expenditure	Gains	Carried
		forwardf			E	forward
Unrestricted	funds
General funds		531,196	63,795	(57,380)	17,115	554,726
		531,196	63,795	57,380	17,115	554,726
Summary offunds
		Brought Forward	Income	Expenditure	Gains	Carried Forward
				f.	E	f.
General funds

2021	2020
	E