|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|-continued||| |---|---|---|---|---|---|---| ||||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| ## |20.|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|