|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|8|
|Report ofthe Independent
Auditors|9|to|12|
|Statement ofFinancial Activities||13||
|Balance Sheet||14||
|Cash Flow Statement||15||
|Notes to the Cash Flow Statement||16||
|Notes to the Financial Statements|17|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies|||309,728|253,454|563,182|532,324|
|Other trading activities|||126,028||126,028|163,247|
|Investment
income|||128||128|216|
|Other income|||24,996||24,996|24,996|
|Total|||460,880|253,454|714,334|720,783|
|EXPENDITURE ON|||||||
|Raising funds||||||2,252|
|Charitable
activities|||||||
|Charitable
activities|||434,570|253,454|688,024|803,496|
|Total|||434,570|253,454|688„024|805,748|
|NET INCOME/(EXPENDITURE)|||26,310||26,310|(84,965)|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought forward|||173,797||173,797|258,762|
|TOTAL FUNDS CARRIED FORWARD|||200,107||200,107|173,797|
##
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f||||
|FIXEDASSETS||||||
|Tangible assets|12|281,288||281,288|312,532|
|CURRENT ASSETS||||||
|Debtors|13|24,235||24,235|100,057|
|Cash at bank and in hand||235,961||235,961|92,282|
|||260,196||260,196|192,339|
|CREDITORS||||||
|Amounts
falling due within one year|14|(95,099)||(95,099)|(99,800)|
|NET CURRENT ASSETS||165,097||165,097|92,539|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||446,385||446,385|405,071|
|CREDITORS||||||
|Amounts
falling due after more than one year|15|(246,278)||(246,278)|(231,274)|
|NET ASSETS||200,107||200,107|173,797|
|FUNDS|17|||||
|Unrestricted
funds||||200,107|173,797|
|TOTAL FUNDS||||200,107|173,797|
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|f.|E|
|Cash flows from operating|activities||||||
|Cash generated
from operations|||||103,569|(45,619)|
|Interest paid|||||(966)|(1,130)|
|Net cash provided
by/(used|in)|operating||activities|102,603|(46,749)|
|Cash flows from investing|activities||||||
|Interest received|||||128|216|
|Net cash provided
by investing||activities|||128|216|
|Cash flows from financing|activities||||||
|Bounce Back Loan|||||40,000||
|Net cash provided
by financing||activities|||40,000||
|Change in cash and cash equivalents|||in||||
|the reporting
period|||||142,731|(46,533)|
|Cash and cash equivalents|at|the|||||
|beginning
ofthe reporting|period||||92,282|138,815|
|Cash and cash equivalents|at|the end|of||||
|the reporting
period|||||235,013|92,282|
##
##
|OPERATING AC|T|I|VITI||S||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|
||||||||||f.||
|Net income/(expenditure)||||for the reporting||period (as per the|||||
|Statement ofFinancial Activities)|||||||||26,310|(84,965)|
|Adjustments
for:|||||||||||
|Depreciation
charges|||||||||31,244|32,694|
|Interest received|||||||||(128)|(216)|
|Interest paid|||||||||966|1,130|
|Decrease in debtors|||||||||75,822|5,388|
|(Decrease)/increase||in|creditors||||||(30,645)|350|
|Net cash provided|by/(used||||in) operations||||103,569|(45,619)|
|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||||||||
||||||||||2020|2019|
|Cash in hand|||||||||82|108|
|Notice deposits (less||than 3||months)|||||235,879|92,174|
|Overdrafts
included|in||bank||loans and overdrafts||falling due within|one year|(948)||
|Total cash and cash|equivalents||||||||235,013|92,282|
|ANALYSIS OF CHANGES|||||IN NET FUNDS||||||
|||||||||At 1.1.20|Cash flow|At 31.12.20|
|||||||||||f|
|Net cash|||||||||||
|Cash at bank and in|hand|||||||92,282|143,679|235,961|
|Bank overdraft|||||||||(948)|(948)|
|||||||||92,282|142,731|235,013|
|Debt|||||||||||
|Debts falling due after|||1 year||||||(40,000)|(40,000)|
||||||||||(40,000)|(40,000)|
|Total||||||||92,282|102,731|195,013|
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||Big Lottery Reaching|Communities|Communities|||f80,781|||
|---|---|---|---|---|---|---|---|---|
||The Hawerby
Family|Trust||||f62,000|||
||CLLD EISFFunding|Hull &Scunthorpe||||645,451|||
||Fishmongers
Company
Charitable &Philanthropy||||Trust|f40,000|||
||Armed Forces Covenant
Trust Pathways|||Programme||633,250|||
||Youth Endowment
Fund|||||f,31,051|||
|3.|OTHER TRADING|ACTIVITIES|||||||
||||||||2020|2019|
||||||||f.||
||Corporate
and Sailing|Training|Income||||126,028|163,247|
|4.|INVESTMENT INCOME||||||||
||||||||2020|2019|
||Deposit account interest||||||128|216|
|5.|RAISING FUNDS||||||||
||Raising donations
and legacies||||||||
||||||||2020|2019|
||Sundries|||||||2,252|
##
|6.|CHARIT|ABLE ACTIVITIES COSTS||||
|---|---|---|---|---|---|
|||||Support||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
||||f.|||
||Charitable|activities|520,803|167,221|688,024|
|7.|SUPPORT COSTS|||||
||||Indirect|Governance||
||||costs|costs|Totals|
||Charitable|activities|163,721|3,500|167,221|
##
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##
||||||2020|2019|
|---|---|---|---|---|---|---|
|Gross Wages|||||437,876|446,862|
|Employers|NIC costs||||40,728|42,168|
|Employers|Pension costs||||9,833|9,146|
||||||488,437|498,176|
|The average|monthly|number ofemployees|during|the year was as follows:|||
||||||2020|2019|
|Management|k, Administration||||3|3|
|Sailing|||||2|1|
|Programme|Delivery||||13|13|
||||||18|17|
##
|In addition
the work ofthe Charity is supported
by approximately
40unpaid
voluntee|In addition
the work ofthe Charity is supported
by approximately
40unpaid
voluntee|rs.||
|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
|INCOME AND ENDOWMENTS FROM||||
|Donations
and legacies|265,043|267,281|532,324|
|Other trading activities|163,247||163,247|
|Investment
income|216||216|
|Other income|24,996||24,996|
|Total|453,502|267,281|720,783|
|EXPENDITURE ON||||
|Raising funds|2,252||2,252|
|Charitable
activities||||
|Charitable
activities|536,215|267,281|803,496|
|11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|-continued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||Total||538,467|267,281|805,748|
||NET INCOME/(EXPENDITURE)||(84,965)||(84,965)|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|258,762||258,762|
||TOTAL FUNDS CARRIED FORWARD||173,797||173,797|
|12.|TANGIBLE FIXED|ASSETS||||
|||||Computer||
||||Vessel|equipment|Totals|
||COST|||||
||At 1 January 2020 and|31 December 2020|624,878|12,737|637,615|
||DEPRECIATION|||||
||At I January 2020||312,346|12,737|325,083|
||Charge for year||31,244||31,244|
||At 31 December 2020||343,590|12,737|356,327|
||NET BOOKVALUE|||||
||At 31 December 2020||281,288||281,288|
||At 31December 2019||312,532||312,532|
##
##
##
##
|DEBTORS:AM|OUNTS|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2020|2019|
|Trade debtors|||11,588|89,166|
|VAT|||3,236||
|Prepayments|||9,411|10,891|
||||24,235|100,057|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||2020|2019|
|Bank loans and overdrafts||(see note 16)|948||
|Trade creditors|||7,687|8,817|
|Social security and other||taxes|13,768|13,263|
|VAT||||5,253|
|Deferred income|||65,479|64,171|
|Accrued expenses|||7,217|8,296|
||||95,099|99,800|
|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||||
||||2020|2019|
|Other loans (see note 16)|||40,000||
|LSP Vessel Grant|||206,278|231,274|
||||246,278|231,274|
||||2020|2019|
|Vessel Grant at
1 January|||231,274|256,270|
|Less: Amortisation|ofGrant||24,996|24,996|
|Vessel Grant at 31December|||206,278|231,274|
##
##
|An analysis ofthe maturity o|floans is given below:|||
|---|---|---|---|
|||2020|2019|
|Amounts
falling due within one year on demand:||||
|Bank overdrafts||948||
|Amounts
falling due between|two and five years:|||
|Other loans - 2-5 years||40,000||
##
||||Resources||
|---|---|---|---|---|
|||Incoming Resources|Expanded|Movement|
|Unrestricted
Funds - General Fund||460,080|(433,770)|26,310|
|Restricted Funds|||||
|Big Lottery Fund||90,081|(90,081)||
|Hull CLLD||33,993|(33,993)||
|Armed Forces Covenant|Trust|33,250|(33,250)||
|Youth Future Fund||31,051|(31,051)||
|Total||648,455|(622,145)|26/10|
##
##
||||2020|2019|
|---|---|---|---|---|
|||||E|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations
Grants for delivery ofprogrammes|||70,196
492,986|141,744
390,580|
||||563,182|532,324|
|Other trading
activities|||||
|Corporate
and Sailing Training||Income|126,028|163,247|
|Investment
income|||||
|Deposit account interest|||128|216|
|Other income|||||
|Amortisation
ofVessel Grant|||24,996|24,996|
|Total incoming resources|||714,334|720,783|
|EXPENDITURE|||||
|Raising donations
and|legacies||||
|Sundries||||2,252|
|Charitable
activities|||||
|30in30|||31,266|266|
|Offshore sailing|||49,408|34,695|
|Vessel maintenance|||24,082|40,304|
|Programme
delivery|||47,447|58,646|
|On shore StaffCosts|||249,857|389,670|
|Offshore Staff Costs|||66,791|70,886|
|Irrecoverable
VAT and Repairs||||8,362|
|Programme
delivery expenses|||3,041|11,188|
|Vehicle hire
Depreciation oftangible|and heritage assets||1,492
31,244|5,707
32„694|
|Employer pension cost|||9,833|9,146|
|Insurance|||6,342|12,233|
||||520,803|673,797|
|Support costs|||||
|Indirect costs|||||
|Administration
Wages|||121,228|82,586|
|Rent, rates, water and refuse|||16,566|15,474|
|Insurance|||13,176|8,874|
|Light and heat|||2,536|3,100|
|Carried forward|||153,506|110,034|
##
||2020|2019|
|---|---|---|
|Indirect costs|||
|Brought forward|153,506|110,034|
|Telephone|3,460|3,489|
|Post stationery
and printing|822|1,546|
|Information
Technology|4,513|10,000|
|Repairs and Renewals|454||
|Bank charges|966|1,130|
||163,721|126„199|
|Governance
costs|||
|Auditors'
remuneration|3,500|3,500|
|Total resources expended|688,024|805,748|
|Net income/(expenditure)|26,310|(84,965)|