OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Page
Report ofthe Trustees 2 —6
Independent Examiner's report on the financial statements
Annual Accounts 9- 11

C Edwards Councillor (MN Association
Boat Club Commodore)
A Hilder Councillor (Elected 30"' October 2021)
Capt T Hughes FRIN FNI Wcbmaster
F Kelly Councillor (Elected 30"' October 2021)
Capt D Knight Councillor (Weymouth,
Portland & District Branch)
A Murphy* (deceased 18.1.22) Councillor (Dumfries
Branch)
Capt. G Peaston Councillor (Weymouth,
Portland &District Branch)
P Rogers Councillor (Blackpool Branch)
A Speight BSc IEng IMarEng Councillor (Newport
Branch)
M Wootton Councillor (Tamworth
Branch)

Aberystwyth Harrogate Ribble Valley Ribble Valley Ribble Valley
Axe Vale Imm ingham Salford
Belfast Ipswich Scarborough
B1ackpoo I Kent Solent
Boston &South Lines Liverpool Iamworth
Bristol London &Greater London Taunton
Caithness Mansfield & Ashfield Tilbury
Dormanstown &, Redcar Medway Torbay
Dumfries Midlands Weymouth & Portland
East Lothian Morecombe Bay Walton & District
Edinburgh Newport West Norfolk
Exeter North
Wales
Western Isles
Felixstowe Pill &North Somerset Wirral
Gasgow Plymouth & Southwest

Reserves policy Funds are held to cover at least 12 months ofoperational costs.
Cash held Cash
at hand,
in the
bank
on
31" August
2022 was
K82,765 (E75,642 —2020/21)
in
unrestricted
funds.
The
main
financial
risk of the
charity
is a reduction
in
annual
subscriptions.
Primary funding: The regular sources ofannual
funding
are from:
~ Membership subscription
which,
in 2021/22 amounted
to f15,911(2020/2 - f.15,516)
~ Donations —the Association receives a number ofdonations
annually.
In 2020/21 these
amounted
to
521,808 (20120/21 - f.19,296) including Gift Aid (All donors are asked to
add Gift Aid where possible and this money
is reclaimed
annually. ) Legacies
are also
welcome.

RECEIPTS UNRFSTRICTED UNRESTRICTED UNRESTRICTED
GENERAL FUNDS GENFRAL FUNDS
2022 2021
Activites for Generating Funds
Membership
Subscriptions
15,911 15,516
Slop Chest 5,727 5, 143
Charitable
Activities
Research 120 400
Ministry ofDefence - Veteran's Badge 77
Volantary
Income
Donations 21,808 19,296
Investment
Income
—Bank interest
TOTAL RECEIPTS 43,566 40,432
PAYMENTS
Cost ofGenerating Funds
Telephone 166 287
Postage
Stationery
and Printing
6,341
922
1,581
468
Advertising
and Marketing
2 927 1,015
Website Expenses 157 36
Travel and Accomodation 5,419 633
Meeting Expenses 99
Insurance 1,275 1,257
Slop Chest 3,188 2,451
Newsletter
- Full Ahead
6,563 9,644
Independent
Examiner
Fees 1,200 1,200
Professional
Fees
1,170 1,272
Costs ofCharitable Activites
Wel fare Payments 619 1,160
Research 687
Software
Support
317 127
Donations 1,146 6,289
Sundry Expenses 4,707 4,404
Veterans'
Badges
201
Funeral
Drape
26
TOTAL PAYMENTS 36,443 32,511
SURPLUS /(DEFICIT) FOR YEAR 7, 123

Current
Assets
2022 2021
Bank Current Account 76,996 64,358
Bank Fundraising
Bonus Saver Account
5,016
Welfare Support
Fund
5,769 6,268
82,765 75,642
Net Assets 82,765 75,642
REPRESENTED BY:
Accumulated
Surplus
brough forward 75,642 67,721
Surplus
/ (Deficit) for
year 7,123 7,921
82,765 75,642