2020-12-31-accounts - Peter Le Marchant Trust

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Contents ofthe Financial Statements	Contents ofthe Financial Statements
for the Year Ended 31 December 2020
			Page
Report ofthe Trustees		1	to	7
Report ofthe Independent Auditors		8	to	9
Statement of Financial	Activities		10
Balance Sheet
Notes to the Financial	Statements	12	to	23
Detailed Statement of	Financial Activities	24	to	25

						2020	2019
				Unrestricted
			Unrestricted	Capital	Restncted	Total	Total
			funds	Fund	funds	funds	funds
		Notes	6	8	F	8
INCOME AND ENDOWMENTS
FROM
Donations and legacies			101,181		279,111	380,292	124,471
Charitable activities
Boat hire			8,057			8,057	53,024
Young Peoples Project			2,047			2,047	7,442
Other trading activities			5,751			5,751	11,628
Investment income			118			118	256
Other income			58,616			58,616	473
Total			175,770		279,111	454,881	197,294
EXPENDITURE ON
Raising funds			26,191			26,191	29,680
Charitable activities
Boat hire			162,834			162,834	145,197
Young Peoples Project			2,434		1,229	3,663	8,913
Other			1,200			1,200
Total			192,659		1,229	193,888	183,790
NET INCOME/(EXPENDITURE)			(16,889)		277,882	260,993	13,504
Transfers between	funds	20	17,972		~17,972)
Net movement in funds			1,083		259,910	260,993	13,504
RECONCILIATION OF FUNDS
Total funds brought	forward		319,885	100,000	74,304	494,189	480,685
TOTAL FUNDS CARRIED
FORWARD			320,968	100,000	334214	755 182	494,189

			31Dec	ember 2020
						2020	2019
				Unrestncted
			Unrestricted	Capital	Restricted	Total	Total
			funds	Fund	funds	funds	funds
		Notes		8
FIXEDASSETS
Intangible assets		15	16,800			16,800
Tangible assets		16	278,503			278,503	284,072
			295,303			295,303	284,072
CURRENT ASSETS
Stocks		17	3,984			3,984	4,070
Debtors		18	8,843		202,999	211,842	31,526
Cash at bank and in hand			32,708	100,000	131,215	263923	181,236
			45,535	100,000	334,214	479,749	216,832
CREDITORS
Amounts falling due within	one
year		19	(19,870)			(19,870)	(6,715)
NET CURRENT ASSETS			25,665	100,000	334,214	459,879	210,117
TOTAL ASSETS LESS
CURRENT LIABILITIES			320,968	100,000	334,214	755,182	494,189
NET ASSETS			320 968	100,000	334,214	755,182	494,189
FUNDS		20
Unrestncted funds						420,968	419,885
Restricted funds						334,214	74,304
TOTAL FUNDS						755,182	494,189

INVESTMEN	T INCOME
			2020	2019
				6
Deposit account interest			118	256
INCOME FROM CHARITABLE		ACTIVITIES
			2019	2018
		Activity
Boat hire contributions		Boat hire	8,057	53,024
Seasonal trips		Young Peoples Project	2,047	7,442
			10,104	60,466
OTHER INCOME
			2020	2019
Other income			1,219	473
Government	grants		57,397
			58,616	473

			Direct	Support
			Costs (see	costs (see
			note 9)	note 10)	Totals
				F	6
Boat hire			56,174	106,660	162,834
Young Peoples Project			1,229	2,434	3,663
			57,403	109,094	166,497
DIRECT COSTS OF		CHARITABLE ACTIVITIES
				2020	2019
Staff costs				37,743	28,050
Advertising				471	2,592
Repairs and	upkeep	ofboats		10,411	22,292
Boat insurance				4,326	4,485
Co-ordinator	costs			671	985
Trip costs					90
Travel costs					25
Project supplies				558	1,406
Depreciation				3223	3,393
				57,403	63,318

SUPPORT COSTS
					Governance
				Management	costs	Totals
				F		6
Other resources expended				1,200		1,200
Boat hire				80,947	25,713	106,660
Young Peoples Project				1,989	445	2,434
				84,136	26,158	110,294
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated	after charging/(crediting):
					2020	2019
Depreciation —owned assets					5,569	5,915
Website costs amortisation					1 200
AUDITORS' REMUNERATION
					2020 f	2019
Auditors' remuneration					5,065	3,336
Auditors' remuneration	for	non-audit	work

Total employee costs are analysed betwe	en the following.
	Year Ended	Year ended
	31.12.20	31.12.19
Wages/salaries	117,163	103,861
Social security	5,393	6,171
Pension	1,481	1,019
	124,037	111,051

		Website
		costs
COST
Additions		18,000
AMORTISATION
Charge for year		1,200
NET BOOK VALUE
At 31 December	2020	16800
At 31 December	2019

TANGIBLE FIXEDASSETS
			Freehold
			mooring
			landf	Improvements F	Boats F
COST
At 1 January 2020 and 31 December 2020			155,524	63,272	79,196
DEPRECIATION
At 1 January 2020				8,522	23,172
Charge for year				1,266	2,802
At 31 December 2020				9,788	25,974
NET BOOK VALUE
At 31 December 2020			155,524	53,484	53,222
At 31 December 2019			155,524	57,750	56,024
	Boat		Other	Computer
	equipment		equipment	equipment	Totals
	6			F
COST
At 1 January 2020 and 31 December 2020	11,406		15,335	2,097	326,830
DEPRECIATION
At 1 January 2020	2,964		6,618	1,482	42,758
Charge for year		422	871	208	5,569
At 31 December 2020	3,386		7,489	1,690	48,327
NET BOOK VALUE
At 31 December 2020	8,020		7,846	407	278,503
At 31 December 2019	8,442		8,717	615	284,072

			Notes to the Financial Statements
			for the Year Ended 31 December 2020
17.	STOCKS
				2020 6	2019 f
	Stocks			3,984	4,070
18.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020	2019
				F	6
	Trade debtors			330	286
	Other debtors			11	11
	Asset under construction			4,963	22,963
	Prepayments	and accrued income		206,538	8,266
				211,842	31,526
19.	CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
					F
	Trade creditors			3,770
	Social security	and other	taxes	2,507	2,769
	Other creditors				286
	Accrued expenses			13,593	3,660
				19,870	6,715

MOVEMENT IN FUN	DS
						Net	Transfers
						movement	between	At
					At 1.1.20	in funds	funds 6	31.12.20 f
Unrestricted funds
General Fund					309,885	(16,889)	17,972	310,968
Unrestricted Capital	Fund				100,000			100,000
Naval Architects Reserve					10,000			10,000
					419,885	(16,889)	17,972	420,968
Restricted funds
StJames's Place Foundanon					1,000			1,000
The Jones 1986Chantable		Trust			5,000			5,000
Charnwood Council					4,176	(29)	28	4,175
Loughborough University		Young	people		446			446
project
Hedley Foundation					2,000			2,000
Boshier-Hinton					2,000			2,000
RYA Foundation					1,682			1,682
H D H Wills					35,000			35,000
Rank Foundation					1,000			1,000
Groundwork UK					1,000	500		1,500
Charlottle Bonham-Carter		Charitable		Trust	1,800			1,800
Sir Andrew Martin Trust					1,000			1,000
Baron Davenport					200	200		400
Transform Foundation					18,000		(18,000)	18,000
The Mark Benevolent	Fund					35,250		32,250
Leicester Communmes						4,000		4,000
The Carlton Hayes Mental		Health	Charity			3,000		3,000
Didymus Trust						5,000		5,000
National Lottery Grant						223,261		223,261
Leicestershire Shire Grant						6,700		6,700
					74,304	277,882	~17,972)	334,214
TOTAL FUNDS					494,189	260,993		755 182

Net movement in fund	s, inc	luded	m the above are as f	ollows'
				Incoming	Resources	Movement
				resources	expended	in funds
					E
Unrestricted funds
General Fund				175,770	(192,659)	(16,889)
Restricted funds
Charnwood Counml				1,200	(1,229)	(29)
Groundwork UK				500		500
Baron Davenport				200		200
The Mark Benevolent	Fund			35,250		35,250
Leicester Communities				4,000		4,000
The Carlton Hayes Mental		Health	Charity	3,000		3,000
Didymus Trust				5,000		5,000
National Lottery Grant				223,261		223,261
Leicestershire Shire Grant				6,700		6,700
				279,111	~1,229)	277,882
TOTAL FUNDS				454,881	(193,888)	260,993

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS
Comparatives for movement				in funds			Net	Transfers
							movement	between	At
						At 1 1 19	in funds	funds	31.1219
						6			8
Unrestricted funds
General Fund						361,263	(42,642)	(8,736)	309,885
Unrestncted Capital	Fund					100,000			100,000
Naval Architects Reserve								10,000	10,000
						461,263	(42,642)	1,264	419,885
Restricted funds
StJames's Place Foundation						1,000			1,000
The Jones 1986Charitable			Trust				5,000		5,000
Charnwood Council						4,108	68		4,176
Community Foundation						85		(85)
Loughborough University		Young people				750	(304)		446
proiect
Hedley Foundation						2,000			2,000
Clive and Sylvia Richards			Trust			4,500	(4,500)
East Midlands Airport						1,179		(1,179)
Boshier-Hinton						2,000			2,000
RYA Foundation						2,800	(1,118)		1,682
Cotton Fund Trust						1,000	(1,000)
H D H Wills							35,000		35,000
Rank Foundation							1,000		1,000
Groundwork UK							1,000		1,000
Charlottle Bonham-Carter			Chantable		Trust		1,800		1,800
Sir Andrew Martin Trust							1,000		1,000
Baron Davenport							200		200
Transform Foundation							18000		18,000
						19,422	56,146	~1,264)	74,304
TOTAL FUNDS						480,685	13,504		494,189

Comparative net movemen		t in funds,	included in the abov	e are as follows.
				Incoming	Resources	Movement
				resources	expended	in funds
				6	6
Unrestricted funds
General Fund				120,017	(162,659)	(42,642)
Restricted funds
StJames's Place Foundation				1,000	(1,000)
Edward Cadbury Trust				2,600	(2,600)
The Jones 1986Charitable		Trust		5,000		5,000
Charnwood Council				4,176	(4,108)	68
Loughborough University	Young People Project			1	(305)	(304)
Clive and Sylvia Richards		Trust			(4,500)	(4,500)
RYA Foundation					(1,118)	(1,118)
Cotton Fund Trust					(1,000)	(1,000)
Woodhouse May Day Challenge				1,500	(1,500)
Intelhgence Energy				2,500	(2,500)
H D H Wills GJ W Turner				35,000 1,000	(1,000)	35,000
Rank Foundation				1,000		1,000
Groundwork UK				1,000		1,000
Charlottle Bonham-Carter		Charitable	Trust	1,800		1,800
Project Dirt —Boat trips				900	(900)
Project Dirt —Maintenance				600	(600)
Sir Andrew Martin Trust				1,000		1,000
Baron Development				200		200
Transform Foundation				18,000		18,000
				77,277	~21,131)	56,146
TOTAL FUNDS				197,294	(183,790)	13,504

			for the Year Ended 31	December 2020
				2020	2019
				8	6
INCOME AND	ENDOWMENTS
Donations and		legacies
Donations				10,418	15,192
Legacies				25,000
Grants and donations				344,874	109279
				380,292	124,471
Other trading	activities
Fundraising events				1,238	2,045
Shop income				123	5,953
Canopy income				4,390	3,630
				5,751	11,628
Investment income
Deposit account		interest		118	256
Charitable activities
Boat hire contributions				8,057	53,024
Seasonal trips				2,047	7,442
				10,104	60,466
Other income
Other income				1,219	473
Government grants				57,397
				58,616	473
Total incoming		resources		454,881	197,294
EXPENDITURE
Other trading	activities
Purchases				303	4,774
Wages				24,415	23,390
Social secunty				1,207	1,368
Pensions				266	148
				26,191	29,680
Charitable activities
Wages				35,780	25,895
Social secunty Pensions				1,369 594	1,610 545
Adverlising				471	2,592
Repairs and upkeep			ofboats	10,411	22,292
Boat insurance				4,326	4,485
Co-ordinator costs				671	985
Trip costs					90
Travel costs					25
Project supplies				558	1,406
Depn ofboats and equipment				3,223	3393
				57,403	63,318

				2020	2019
Supportcosts					F
Management
Wages Sodel security				40,691 2,012	38,983 2,281
Pensions				443	247
Insurance				2,899	2,748
Light an d heat				3,326	3,376
Telephone				1,514	779
Postage and stationery				3,377	5,984
Sundries				25,830	9,478
Premises expenses				498	2,328
Development	costs			1,200
Depn ofimprovements		and fixtures		2,346	2,523
Bank interest					32
				84,136	68,759
Governance costs
Wages				16,277	15,593
Social security				805	912
Pensions				177	99
Auditors' remuneration				5,065	3,336
Auditors' remuneration		for non-audit	work	3,834	2,093
				26,158	22,033
Total resources	expended			193,888	183,790
Net income				260,993	13,504