Chairman’s Report AGM 2021
Commissioners
Our 2021 year has been a real step up in progress with the start and completion of one of the largest major projects we have undertaken that has not been due to repairs or maintenance. Our New Harbour office looks as we have planned, a modern statement building using as much renewable energy as possible with solar panels and air source heat pump, I’m not aware of any such building in our area that has been erected to such a standard with highly insulated materials to ensure maximum efficiency.
Several years ago I reported that the only way we can move forward to achieve the goals that we set to diversify and take on major new projects was to bring on board additional expertise either in house or outside consultants, in the event we seem to have done a bit of both.
Achieving the completion of of this fantastic building has been extremely expensive over budget, late on completion, expected and understandable considering the situation that the pandemic has caused so many industries.
I think we should be extremely proud of committing to and completing a project that will provide WHC with long term income and freeing up our old office to provide even more rental.
As in previous years I know your time is valuable to you, your families, your other commitments, I am once again grateful for your interest and generosity given to WHC your help and support to myself and our team is tremendous.
Finance
A huge year once again our financial controls are brilliant getting invoices out getting them paid, grant funding, getting the best deals all contributing to our prosperity.
As you have seen from the accounts our income is down a little but our core income is still going well our balance sheet is still strong and once again in consideration of the circumstances we are doing really well.
I always harp on about diversity of income and will continue to do so as without fail it has been the success of this business.
Projects Future and Present
We need to consolidate our financial situation in the immediate future however we all full understand how long it takes for even
some of our smaller projects to come to fruition so we need to think of and start to develop new ideas and bring current ideas to maturity.
The Beach huts continue to be a decent source of income along with parking neither of which have seen a significant cost attached so for all we have had to put some of these on the back burner we need not to forget them.
Maintenance of the harbour is always costly and most repairs seem to have significant amounts of expenditure despite this our staff do a brilliant job either in house or contractors and make use of grant funding when available keeping the harbour in really good shape.
Challenges
I make no excuse for repeating what I reported last AGM the situation remains the same!
We have concerns generally about all our infrastructures North Breakwater is a potential disaster if the end parts company with the rest of it, we need to enlist the support of Coastal Protection organisations to support us on this if it does break away it may close the harbour.
Dredging is always an issue but at long last we are making headway with the MMO in an effort to open the dumping ground this will be expensive but could give us a ten year licence, enabling us to utilise opportunistic dredgers when they are freely available. We will always have something going on that is not particularly comfortable to an easy life however that is the nature of the facility we are charged with looking after and we get on with them whichever way we can.
Staf
As always we are indebted to the team that actually get on with the business of running WHC the immensely different types of people, businesses, public and everyone else who believe they have the right to tell us what we’re doing wrong and never say thanks when we get it right.
This year has been immense for our team the dedication from everyone and your involvement in the business this building your ideas, your controls, your input, your application in getting the job done has been amazing
On behalf of the Commissioners thanks to all our front line team you know what you do it is truly appreciated.
M Burnett January 2022
CHARITY NUMBER: I IS1344 WARKWORTH HARBOUR COMMISSIONF.RS ACCOUNTS 2021
WARKWORTH HARBOUR COMMISSIONERS Charltv No: I1ry1344 REPORT AND FINAIYCIAL STATEMENTS for the yeAr ended 30 Novenib¢r 2021 NICKALLS ACCOUNTANTS LTD Chdrtered Accountants AMibl¢ Nortliumberland
WARKWORTH HARBOUR COMMISSIONERS CONTENTS Page Legal and Adininistrative liTrlorrn4tion Report of tb¢ Trustees Independent Aceountant's R¢port Statemenl of Fin#iielal Acllvltle5 Balanee Sheel 9-13 Notes to thc Accounts
WARKWORTH HARBOUR COMMISSIONERS LEGAL AliD ADMIliISTRATIVE INFORMATION INCORPOIL4TION.. The organisation was originally fonned undeT the Harbour Act 1837. li became a charilj on ?? March 2013 wilh 1 Chariry Registered nuinber of 115 lJ44. 'I'RUSTE.ES.. M Burnetl A M'Ch D Gray J Watsoii P Morrison J J()l)nslone (Chairman) (Treasurer) B l)ouolas REGlS'fERE.D OFF'ICF-.: Qui1y5ide Ainble Morpeih Northiimberland NF.65 OAP ACCOITN'I'ANTS.. Ni¢k'alls Acc()untants Ltd. 4, Bridgc Street Ainble Nortliiinibcrland NE6) ODR
WARKWORTH HARBOUR COPWIMISSIONERS REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 30 NOVEfvIBER 2021 Thc managernent Trustees their annual report and financial staremenls for the year en(led io November 2021. StTilCtuYe Governance and Management ov¢rni Document The iriistees have adopied provi%ions of the Statement ol. Rccoiiiiiiended Pracli¢e, Accounlu)g and Rcponiiio b}, preparing Iheiy accounts in accordance with ihe Financial Rtporting Standard applicable in ihe IIK aiid RepLiblic of Irelaiid (FRS 10?lfjiid with Ihe C.harilies Acr 2011 cruitmeni and A ointm of ement L ominittee The organisaiion'8 main ar¢a5 of iiitere81 are bil lanced and reflceted iii Ilie dIVr$Ity of ilie triJ5tees. Where particular 8kills ar¢ required io complement existing tru51ee5 skills, individiials are appi'oach¢d to offcr ihemselves for elcciion lo the boai'd of l-rustees. Currei)Ily thcrc 1% a full 13oard of Triisiees. slccs In Iiction and Trainin Truslecs PÉifi<il<e in an infonnal iiTrduction covering roles ai)d 1'¢5ponsibilities of existing truste¢s and thenisclves, Ihe structure of th¢ organisation and key partners. Charity Coiiimission doeumenis issued lo the trusiees includ¢ Useful Giiidelines Respunsibiliiies and the F.bs¢ftrial Trustee what you need to know. TrLisie¢s Risk Mdiid Thl Trusiees need io con(luct a review of the major risks lo whi¢h rhc charity is exposed and establish ft risk. I'¢gist¢r to be updaied annually. The Ir1151ees continiie to I'eview all polici¢s and procedures on an annual basis. Warkwi)rtli Fl¢irbour Qoiiimissiuiiers op¢rates wilh a board of 9 Iruslces. who meei on a bi-monihly basi5. At pres¢iii Ihere is ¢1 full coiiipleinent ot 1Clb¢rS from a variery of baclcgroiind5 relevani io ihe woi'k vf the ¢liarily. Thert is y t'actlity lo co-opi further Iru.%tees if the r¢inainiii¥ frustees determin¢ that it would be in the inicTests of the charily to do s(). R lated Parties In so far as it is cnmplimentaiy to the Chariry's object5, Ilie charily is ¥uided by local, re¥ional and national poli¢y, logether with any undertakiiigs a5soeialed with ihe Hurbours Aci The object of the charity is the Constt¢II0n. improvemciit and maintenance of piers and hai'boiir of Amble, Northiimberland. 12)
WARKWORTH HARBOUR COMMJSSIoERS REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR F.INDED 30.NOVEMBER 2021 Financial Review AgainsL the CUlTent backdrop ol- liinited resources and inb¢Luriti¢s over fundiiig, it has coniinucd 10 be dil'liculi to plan or develop serviceb. Nevertheless. iyiih ihe aid of sound financial management, the cl)ariiJ hds b¢¢n able to siippon its enterprises and oth¢r projects throiiTrhout ihe year, Reserves Polic The Maiiagejnenl Coiniiiitiee hag e.¥ainiiied the chai'iry's re(iuiremenls for reserves in liqhi of the main risks lo Ilie urgaiiisation. An unresii'iLieil fund is required of al least 6 months expenditure. Tl)e res¢rves Te Iie¢ded lo ii)eet ihe worliing Lapilal of the charity and Ilie Management Commiiiee are confident ilial ai this level they WOLild be able lo ¢ontinue Èlie Lurrent aciivilies of the chariiy in Ihe event of significani drop in fuiidiii¥. The sirai¥¥y js to continu¢ lo build Irserves thi'ouv .h pldni)ed operaisonal siirpliises, an(1 this ivill be kept under review by th¢ Management CL)iiiinirie¥ through ils regular Ineetings. 113 the short ierm rhe Maiiagetneiit Coii)Inillee has also Loiisidired Ihe ¢xi¢nt to whi¢h ¢Xis1ii)g activilies Lould be curtailed. should the Qu'cuinslance arise, Thc Inovemeiii for the yeai. ha4 heen allocat¢d io reseryes a5 follow5.' Uiirestricied funds Ilesiricted ndS 144,502 144,502 .1 otal Teserves carried forwai'd ai 30 November !U? l are.. Uiirestricted fiinds Desi¥naied luiids Undesi&nated fiinds 466.955 1,261.854 1,798,809 Res¢ri¢ted funds 1,7?8,809
VARKW'ORTH Pl[R ULIR ,-O13llWIISilONER) REPORT OF TI.IE TRUSTEE FOR THE FIYANCIAL YEAR F,IlDED 3U YOVEITrlBE_R 2021 Rcs OllilbilitlC.$ Qi the Triisttos Cil.ariry' 12iv reqiiires ib.e Manageingnl ComTr.itte= lo prepare tinanrial srateip.¢n;s for each I871a1 yeai. vyliTr¢li ol-¢ a trLie and fajr view oi Iht staip of affairs of the chaTltable cumpaii) ai Lb_e balance iheei dit¢ and of Its incomints resoijrces arad applictsiion of resouT¢e5, irycliJ(ling income ano expendiEU,"e, foi" phe firtancial year. In Pi'*pai'ing thcbn financial statements, the LIAaDdgeriient Coininille¢ should lollow best prkqCti¢e ancl.. .Seleci siiitable accoiinling policies anLI Iheii apply Ihtn) consistently: obsei'/¢ the methods and priJiLiples in tlie Ch<irity SORP. Sraie whether appllodb1 accoiiDting standards and %iaitrm¢nts of recommended PTaciice have been folloiv¢d subjeGr 10 any deparrnires discloscd and cxplaintd in the fman¢ial statements; and Prepar- the financial statemcnis the going cullc¢i basis unless it 15 iRapprDpriale io assume thac Ihe ¢harity will continue in biisine33. The irusiLe4 are rLsponsible fi)r kLeping proper accoiinting recor(Is which disclose with reasonabl¢ a¢curacy ai <Y iinie the fmancial positioii of ihe chariiable ¢oInp1Y and to ittable them lo en5Lire thai the financial staiements coinply with the Charities A¢1. The trustee8 are rilso responsible for saf¢guar(ling ihe assets ol the chariiable curnpaiiy and hence for takllig reasonable steps lor the prev¢iJiion ¢uid deLeLtion of fr<iud and oiher irrt¥iilariiies. Approved by Ihe'frustees on ?4 January 2022 ancl slgned on its behalf by. J WATSON (4)
INDEpENDE'T EXAMINER'S REPORT TO THE TRUSTEES ON THE UYAUDITED riNANCIAL STATEMENTS OF WARKWORTH HARBOUR COMMISSIONER.8 Respective responsibilities of trustees and exa2niner The charity's tru5tee5 al'e fknsponsible for the pyepai'ation of the accounts. Th¢ ¢haTity's trustees consider thal an audit is ntsi rtqiiii':d tor ti)is }'ear under 5eclioJ) 144 of ilie Chariiies A¢1 2011 ("Ihe Chariries Act") and rl)ai an independent ¢xam:narion is needed. It is my responsibility to.. examine the financial sialeinents ui)der 5¢Ction 145 of the Chariiieg Aci,. 10 follow the procedures laid dowii in Ihe gen¢ral Dir¢clions given by the Charity Commibsion (under 8ection 145(5llbl gf the Charities Aci., And io state wh¢tlieT particular matters have ¢oin¢ to my atteniioii Basls of Indep¢ndenl e%&niliicr's report My examination was carri¥d out in accordance wilh the gener41 DiTections given by the Chariry coinniis5ioiI, An exiimination include5 J review of the Éiccouniing i'ecords kepi by the chiji'ity and a comparison ()f Ihe financial staiemcnt5 pr¢s¢iilcd wilh rho%e i-¢cords. It Jlso includes considLI'ativii ol. any unusLial il¢ms OT disclosures in Ihe Iinfjncial sri¢ iemenl.s, and seeking ¢xplai)ali011s fi'om the trusl¢¢s concerninb? an). %iich niaiters. rhe proL¢diiT¢S undeilak'en do not provid¢ Jll the LviclenLe that would be reqiiired in 211 kiudil, and consequLntl>' no opinion is given ds 10 wli¢il)er Ihc finai)Lial siatein¢iits present a 'irue and fail. vicw" and rhe repurt is liiniied io tliose n)iltters s¢t oiit in ihe slaiemei)I below Independent exfimlntr's st#lement In connection with my exai)iinution, no Inatter has come io Iny ii ttention.. which gives m¢ T¢asonable CÈiuse io believe rhai, in any iiiaierial iespcet. the requircmeni5'. to k'eep g¢¢ounling records in llccordfin¢¢ with scclion 130 of the Cliarilics ALI; and to prepare fTnancial siaten)eiits which accoi'd with Ihe <lCCQillilili¥ records. coinply with the a¢ctsunting requii'ements of die Charitics Act have not be¢ii lli¢i,' oi. ro which. iii my opinioii. allci)tion sl)ould be drawi in order to enable a proper undersiandin¥ of rhc financial sialiinenls to bc reaclied. Mrs P Graham51aw ACA Nickalls AccoLintallts Ltd ChaJ1er¥if Actouniants 4 Bridge Sireei Amble NE65 ODR Date.. 24 Jaiiuary 2022 15)
WARKWORTH 14.4RBOLIR COMMISSIONERS STATEMENT OF FINANCIAL ACTIVITIFS Ilnclydlllg Income and Expenditure Account And Statetnent of Total Recognistd G£Lins and Loss¢4} FOR THE FINANCIAL YEAR WNDED 30 NOVF.MBER 2021 NOTES Unre5tri¢ted Funds Rcstricted Funds Total •o?I Total 2020 INCOMING RESOURCES Ip7coniing Rsuiir6L's Fru Gen#roied FRI[15 (iranl income Voluntary incorn¢ •4,764 495 33.163 9(X) 495 ActEvilies Fot 6engr<ili17x FukJd3 TrAding operurions 1 ?9.048 129,048 Rental iiicome 142,489 14?.489 1 7,731 Oihei. inconi¢ ?6.428 67,185 'I'OTAL INCOMING RF.SOURCES 3?3.224 3?3,?24 340,6?0 IIF.SOURC'ES EXPF.NDED C051 ofgencralin¥ ndS ?02,459 Losi of charitable activilics Gov¢mance c95t5 2.581 2,581 ?,45 TOTAL Rb.SOURCES EXPENI)F,D 178,722 178.7?2 2(14,914 NET MOVEMF.NT FOR THE YF.AR 144,50? 144.502 135,706 (6)
WARKWORTH HAIIBOUR COMMissiof%ERS BALANCE SHEF.T AS AT 3U iYOVEWIER 2021 NO'T'ES Unrestricied Restricted Fynds 'Iinds Total ?021 Total ?o?o FIXED ASSETS 1,356,636 1.3.$6,636 1,004,469 CURRENT ASSETS Debiors Investmeiits Cash at bank 111.9?6 70,2J2 358,279 358,279 470.207 470,?07 68i,415 DEDU'CT,. Creditors diie within one year Creditorb Accrui.d charges 120.336) (?0,3361 {17,0?7) (20,336) l?0,)361 {18,$49} TOTAL ASSEI'S I.F.SS CURRE.NT LIAIIII.ITIES 1,806,507 1,806.507 1,669,3)5 DF.DUCT.. Lr¢ditoi's due aftei. morc Iliai) one year (77.6971 (77.6971 185,0281 NET A8SE'rs 1.7?8.8O9 1.728.809 1,584,307 (7}
W ARIC OIORTII H&¥RBOUR COIVlfvllJSION£Ri I'OTES 10 THk ACCOUNTS FOR THE YEAR ENDF.D JO iyo3fEMBER ?021 NOTES Unresiricled Reslricted Funds Funils Total 20?0 RESERVE8 Brought forward Net movcmenl in thc year 1,584.i07 14J, 502 1,584,i07 1.448.601 1.14,50? 135,706 TOTAL RL8ERVES CAILPJED foRIVAPD 9 1728,809 1,728.809 1.58£1.307 Th¢s¢ a¢counis have oeLn prepared in accordance with Ihe St3ieincni of Recomn)¢Dded Fraclice, Ac¢oiiiiting and Reponing by preparing Iheir aLCOllnlS irt accorclance with IhL Finll n¢ial R¢poriino Staiidard appliiable in Ihe UK and Republic of Ii'¢land IFRS 1021 and wilh ihe Chai'ities A¢t 2011. Signed on behalf of ihe management commitlee oll 14 January 2022 J WA'I'SON {8)
WARKWORTH HARBOUR CO]mISsIoNERs
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDEI) JO NOVEMBEK 2021
ACCOUNTING POLICIES
The principal accounting policies arc siimmarised below. -rhe accounting policies have been
applicd consistently throuOut the year ai)d in the preceding yeaT.
Basis of Accouniing
Th¢ financial 5taiements have been pi'epawd under the historical cosi convention. The
riiidncial SlGtiemeni.% huve been prepared in accordance wirl) the Staieiiieni ol. Rec0innind¢d
PrdCllCC, AccoLilliing and Reponing by prcparing rheir aecoiinis in accordance with the
Financial Riportins Sihndard applicable in lh¢ Uk and Repiiblic of Ireland IP RS 1021 ai)d
with the Charities A¢1 2011.
Incoming resources
All incoining resoiirLes ar¢ included in the Siaienienl of F'inanciAI A¢tiviries whcn th¢ Charity
is ¢iiliileLI 10 thc ii)Loine and tlie amuunt can be quantified with reasonable aeciira¢y, The
following specilic p(Trli¢ies are dpplied to parli¢iilar categories of income
Trading acliviries incvnie is recL)¥nised when the goods are sold and oi. the service is provid¢d,
Grpnl iiiLome is credited in the yeai. to which it rclaies wilh the exception of grants ivhi¢h
Ivei'e OTigin<illy oiven 10 ercct Ilie L"ciiire ilsclf. 'l-hese ¥rrÉints are <iniortised ai Ihc S
WARKWORTH HARBOUR COMMISSIONERS IYOTES TO THF, ACCOU,YI'S FOR THE YF.AR ENDED 30 IYOVF.MBER 2021 INCOMING RESOURCES Unresiricted Funds Resiricteil unds Total Gi'ant incuTne Chariilible foundations Oth¢r organisalions 24,164 24,764 33.163 24,764 24,764 33.163 Voliiniary income Donativns 495 495 900 495 495 900 TrR(ling op¢i'Jtions Hai'bour dLie5 Fi.%h l.anding dile5 Park'ing tee 30,577 61,075 37,?18 31),755 61.075 i7.218 30,092 ?9,288 129.048 1?9.048 111.641 RcnTal income R¢nts 14?,489 14?.489 1?7.731 14?,489 142,489 Mis¢ellaneous income General income Gift Aid BdTrk interest receivable 1,341 ?4,Oi3 1.034 24,053 1,034 36,860 1,036 26,4?8 26.4?8 67,185 (10)
WARKWORTH FI.4RHOUR COMMISSIONERS NOTF.S TO THE ACCOUYI TS FOR THE YEAR ENDED 30 NOVE.MBER 2021 RESOURCES EXPENDED Unresirict¢d Resti'icied unds Total Toial Cosi of generating funds Direct cos15 Siaffing costs Light an(1 heat Raies and water raies Insurances Posiai)L and stationery Rep<1irs and renewals Legal &. pi'ofc%bional fces Sundry exp¢nses Depreciation 2,993 81,041 23,716 1.-%09 16,617 832 28,771 2,145 7,536 10.981 11,i09 81,041 ?3,716 1,.809 16.617 832 28,771 ?1,799 1.726 ?.009 78.146 7,5i6 10.981 12,003 176,141 176.141 ?02.459 Cost of charitabl¢ d¢tiviii¢s Direci costs Gov¢rnance cosls Bank char&Tes Prof¢5sional fees- AccoLiniat)cy 781 1.800 781 1,800 750 1.705 2,581 2,581 ?.455
WARKWORTH HARBOUR COMMISSIONER.$ NOTF.S TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVF.MBER ?O?I STAFF COSTS AND NUMBERS Durino the financial year ihe ¢oinpaiiy's salary costs included. 20?1 20?0 Salary and pensioTr iosts Trusiees reiiiuneyalion 79.961 1,080 91.141 950 81,041 9?,091 No employee r¢c¢ived ¢moluments of more than £60.[)0 l?O?O.. Nil) Flxkl) ASSI.TS Laiid and Buildings Planl and Equipment and Machin¢rv Fixiure Toial Cosi As ar I l)ecembei' 20?0 Additions in The year 948,010 363,148 72.059 79.662 1,099.791 363.148 As at 30 Nove1mb ?021 79,66? 1,462,939 l)epre¢ialion As at I fJeccinbei' 2020 Choi'ge toi. Ihc yeai. On disposal 37,677 5,1$8 57,645 5,8?3 95,322 10,981 As a(30 November 20•1 106,303 Net book value A5 at 30 Noveinber 2021 ?9,2•4 16,194 1,356,636 Net bo()k value As ai 31 November 2020 948,070 34,382 1,004,469
WARKWORTH HARBOUR COMMISSIONERS NOTES TO THE ACCObNTS FOR THE YEAR EYDED 30 NOVEMBER 202] 20*0 DFB'I'ORS Trade debtors Gift aid V A'l- recoverable ?4,67? 5¥,747 ?8,505 34,694 1?.614 111,9?6 CREDITORS.. Amounis fAllii)¥ diie within one year Creditor5, taxation and social security Accrued charge. 1,5?2 17,097 ?0.336 20.336 18,549 CREDI'I'ORS.. Amounts falling more ihai) one ycar Mortgage 77,697 85.0?8 STATEMEN'I. OF FUNDS AtIDec Inconie Exp¢ndiwr¢ Tran5f¢r At 30 Nov. 2091 UNIiP.STRtCTED fiJNDS General reserve Designaied reserve 1,117,352 466,955 3?3.2?4 178,7?? 1.261,854 466,955 TOTAL UNRESTRICF.D FUNDS 1,584.307 323,224 178,72? 1,728,809
CHARITY NUMBER: I IS1344 WARKWORTH HARBOUR COMMISSIONF.RS ACCOUNTS 2021
WARKWORTH HARBOUR COMMISSIONERS Charltv No: I1ry1344 REPORT AND FINAIYCIAL STATEMENTS for the yeAr ended 30 Novenib¢r 2021 NICKALLS ACCOUNTANTS LTD Chdrtered Accountants AMibl¢ Nortliumberland
WARKWORTH HARBOUR COMMISSIONERS CONTENTS Page Legal and Adininistrative liTrlorrn4tion Report of tb¢ Trustees Independent Aceountant's R¢port Statemenl of Fin#iielal Acllvltle5 Balanee Sheel 9-13 Notes to thc Accounts
WARKWORTH HARBOUR COMMISSIONERS LEGAL AliD ADMIliISTRATIVE INFORMATION INCORPOIL4TION.. The organisation was originally fonned undeT the Harbour Act 1837. li became a charilj on ?? March 2013 wilh 1 Chariry Registered nuinber of 115 lJ44. 'I'RUSTE.ES.. M Burnetl A M'Ch D Gray J Watsoii P Morrison J J()l)nslone (Chairman) (Treasurer) B l)ouolas REGlS'fERE.D OFF'ICF-.: Qui1y5ide Ainble Morpeih Northiimberland NF.65 OAP ACCOITN'I'ANTS.. Ni¢k'alls Acc()untants Ltd. 4, Bridgc Street Ainble Nortliiinibcrland NE6) ODR
WARKWORTH HARBOUR COPWIMISSIONERS REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 30 NOVEfvIBER 2021 Thc managernent Trustees their annual report and financial staremenls for the year en(led io November 2021. StTilCtuYe Governance and Management ov¢rni Document The iriistees have adopied provi%ions of the Statement ol. Rccoiiiiiiended Pracli¢e, Accounlu)g and Rcponiiio b}, preparing Iheiy accounts in accordance with ihe Financial Rtporting Standard applicable in ihe IIK aiid RepLiblic of Irelaiid (FRS 10?lfjiid with Ihe C.harilies Acr 2011 cruitmeni and A ointm of ement L ominittee The organisaiion'8 main ar¢a5 of iiitere81 are bil lanced and reflceted iii Ilie dIVr$Ity of ilie triJ5tees. Where particular 8kills ar¢ required io complement existing tru51ee5 skills, individiials are appi'oach¢d to offcr ihemselves for elcciion lo the boai'd of l-rustees. Currei)Ily thcrc 1% a full 13oard of Triisiees. slccs In Iiction and Trainin Truslecs PÉifi<il<e in an infonnal iiTrduction covering roles ai)d 1'¢5ponsibilities of existing truste¢s and thenisclves, Ihe structure of th¢ organisation and key partners. Charity Coiiimission doeumenis issued lo the trusiees includ¢ Useful Giiidelines Respunsibiliiies and the F.bs¢ftrial Trustee what you need to know. TrLisie¢s Risk Mdiid Thl Trusiees need io con(luct a review of the major risks lo whi¢h rhc charity is exposed and establish ft risk. I'¢gist¢r to be updaied annually. The Ir1151ees continiie to I'eview all polici¢s and procedures on an annual basis. Warkwi)rtli Fl¢irbour Qoiiimissiuiiers op¢rates wilh a board of 9 Iruslces. who meei on a bi-monihly basi5. At pres¢iii Ihere is ¢1 full coiiipleinent ot 1Clb¢rS from a variery of baclcgroiind5 relevani io ihe woi'k vf the ¢liarily. Thert is y t'actlity lo co-opi further Iru.%tees if the r¢inainiii¥ frustees determin¢ that it would be in the inicTests of the charily to do s(). R lated Parties In so far as it is cnmplimentaiy to the Chariry's object5, Ilie charily is ¥uided by local, re¥ional and national poli¢y, logether with any undertakiiigs a5soeialed with ihe Hurbours Aci The object of the charity is the Constt¢II0n. improvemciit and maintenance of piers and hai'boiir of Amble, Northiimberland. 12)
WARKWORTH HARBOUR COMMJSSIoERS REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR F.INDED 30.NOVEMBER 2021 Financial Review AgainsL the CUlTent backdrop ol- liinited resources and inb¢Luriti¢s over fundiiig, it has coniinucd 10 be dil'liculi to plan or develop serviceb. Nevertheless. iyiih ihe aid of sound financial management, the cl)ariiJ hds b¢¢n able to siippon its enterprises and oth¢r projects throiiTrhout ihe year, Reserves Polic The Maiiagejnenl Coiniiiitiee hag e.¥ainiiied the chai'iry's re(iuiremenls for reserves in liqhi of the main risks lo Ilie urgaiiisation. An unresii'iLieil fund is required of al least 6 months expenditure. Tl)e res¢rves Te Iie¢ded lo ii)eet ihe worliing Lapilal of the charity and Ilie Management Commiiiee are confident ilial ai this level they WOLild be able lo ¢ontinue Èlie Lurrent aciivilies of the chariiy in Ihe event of significani drop in fuiidiii¥. The sirai¥¥y js to continu¢ lo build Irserves thi'ouv .h pldni)ed operaisonal siirpliises, an(1 this ivill be kept under review by th¢ Management CL)iiiinirie¥ through ils regular Ineetings. 113 the short ierm rhe Maiiagetneiit Coii)Inillee has also Loiisidired Ihe ¢xi¢nt to whi¢h ¢Xis1ii)g activilies Lould be curtailed. should the Qu'cuinslance arise, Thc Inovemeiii for the yeai. ha4 heen allocat¢d io reseryes a5 follow5.' Uiirestricied funds Ilesiricted ndS 144,502 144,502 .1 otal Teserves carried forwai'd ai 30 November !U? l are.. Uiirestricted fiinds Desi¥naied luiids Undesi&nated fiinds 466.955 1,261.854 1,798,809 Res¢ri¢ted funds 1,7?8,809
VARKW'ORTH Pl[R ULIR ,-O13llWIISilONER) REPORT OF TI.IE TRUSTEE FOR THE FIYANCIAL YEAR F,IlDED 3U YOVEITrlBE_R 2021 Rcs OllilbilitlC.$ Qi the Triisttos Cil.ariry' 12iv reqiiires ib.e Manageingnl ComTr.itte= lo prepare tinanrial srateip.¢n;s for each I871a1 yeai. vyliTr¢li ol-¢ a trLie and fajr view oi Iht staip of affairs of the chaTltable cumpaii) ai Lb_e balance iheei dit¢ and of Its incomints resoijrces arad applictsiion of resouT¢e5, irycliJ(ling income ano expendiEU,"e, foi" phe firtancial year. In Pi'*pai'ing thcbn financial statements, the LIAaDdgeriient Coininille¢ should lollow best prkqCti¢e ancl.. .Seleci siiitable accoiinling policies anLI Iheii apply Ihtn) consistently: obsei'/¢ the methods and priJiLiples in tlie Ch<irity SORP. Sraie whether appllodb1 accoiiDting standards and %iaitrm¢nts of recommended PTaciice have been folloiv¢d subjeGr 10 any deparrnires discloscd and cxplaintd in the fman¢ial statements; and Prepar- the financial statemcnis the going cullc¢i basis unless it 15 iRapprDpriale io assume thac Ihe ¢harity will continue in biisine33. The irusiLe4 are rLsponsible fi)r kLeping proper accoiinting recor(Is which disclose with reasonabl¢ a¢curacy ai <Y iinie the fmancial positioii of ihe chariiable ¢oInp1Y and to ittable them lo en5Lire thai the financial staiements coinply with the Charities A¢1. The trustee8 are rilso responsible for saf¢guar(ling ihe assets ol the chariiable curnpaiiy and hence for takllig reasonable steps lor the prev¢iJiion ¢uid deLeLtion of fr<iud and oiher irrt¥iilariiies. Approved by Ihe'frustees on ?4 January 2022 ancl slgned on its behalf by. J WATSON (4)
INDEpENDE'T EXAMINER'S REPORT TO THE TRUSTEES ON THE UYAUDITED riNANCIAL STATEMENTS OF WARKWORTH HARBOUR COMMISSIONER.8 Respective responsibilities of trustees and exa2niner The charity's tru5tee5 al'e fknsponsible for the pyepai'ation of the accounts. Th¢ ¢haTity's trustees consider thal an audit is ntsi rtqiiii':d tor ti)is }'ear under 5eclioJ) 144 of ilie Chariiies A¢1 2011 ("Ihe Chariries Act") and rl)ai an independent ¢xam:narion is needed. It is my responsibility to.. examine the financial sialeinents ui)der 5¢Ction 145 of the Chariiieg Aci,. 10 follow the procedures laid dowii in Ihe gen¢ral Dir¢clions given by the Charity Commibsion (under 8ection 145(5llbl gf the Charities Aci., And io state wh¢tlieT particular matters have ¢oin¢ to my atteniioii Basls of Indep¢ndenl e%&niliicr's report My examination was carri¥d out in accordance wilh the gener41 DiTections given by the Chariry coinniis5ioiI, An exiimination include5 J review of the Éiccouniing i'ecords kepi by the chiji'ity and a comparison ()f Ihe financial staiemcnt5 pr¢s¢iilcd wilh rho%e i-¢cords. It Jlso includes considLI'ativii ol. any unusLial il¢ms OT disclosures in Ihe Iinfjncial sri¢ iemenl.s, and seeking ¢xplai)ali011s fi'om the trusl¢¢s concerninb? an). %iich niaiters. rhe proL¢diiT¢S undeilak'en do not provid¢ Jll the LviclenLe that would be reqiiired in 211 kiudil, and consequLntl>' no opinion is given ds 10 wli¢il)er Ihc finai)Lial siatein¢iits present a 'irue and fail. vicw" and rhe repurt is liiniied io tliose n)iltters s¢t oiit in ihe slaiemei)I below Independent exfimlntr's st#lement In connection with my exai)iinution, no Inatter has come io Iny ii ttention.. which gives m¢ T¢asonable CÈiuse io believe rhai, in any iiiaierial iespcet. the requircmeni5'. to k'eep g¢¢ounling records in llccordfin¢¢ with scclion 130 of the Cliarilics ALI; and to prepare fTnancial siaten)eiits which accoi'd with Ihe <lCCQillilili¥ records. coinply with the a¢ctsunting requii'ements of die Charitics Act have not be¢ii lli¢i,' oi. ro which. iii my opinioii. allci)tion sl)ould be drawi in order to enable a proper undersiandin¥ of rhc financial sialiinenls to bc reaclied. Mrs P Graham51aw ACA Nickalls AccoLintallts Ltd ChaJ1er¥if Actouniants 4 Bridge Sireei Amble NE65 ODR Date.. 24 Jaiiuary 2022 15)
WARKWORTH 14.4RBOLIR COMMISSIONERS STATEMENT OF FINANCIAL ACTIVITIFS Ilnclydlllg Income and Expenditure Account And Statetnent of Total Recognistd G£Lins and Loss¢4} FOR THE FINANCIAL YEAR WNDED 30 NOVF.MBER 2021 NOTES Unre5tri¢ted Funds Rcstricted Funds Total •o?I Total 2020 INCOMING RESOURCES Ip7coniing Rsuiir6L's Fru Gen#roied FRI[15 (iranl income Voluntary incorn¢ •4,764 495 33.163 9(X) 495 ActEvilies Fot 6engr<ili17x FukJd3 TrAding operurions 1 ?9.048 129,048 Rental iiicome 142,489 14?.489 1 7,731 Oihei. inconi¢ ?6.428 67,185 'I'OTAL INCOMING RF.SOURCES 3?3.224 3?3,?24 340,6?0 IIF.SOURC'ES EXPF.NDED C051 ofgencralin¥ ndS ?02,459 Losi of charitable activilics Gov¢mance c95t5 2.581 2,581 ?,45 TOTAL Rb.SOURCES EXPENI)F,D 178,722 178.7?2 2(14,914 NET MOVEMF.NT FOR THE YF.AR 144,50? 144.502 135,706 (6)
WARKWORTH HAIIBOUR COMMissiof%ERS BALANCE SHEF.T AS AT 3U iYOVEWIER 2021 NO'T'ES Unrestricied Restricted Fynds 'Iinds Total ?021 Total ?o?o FIXED ASSETS 1,356,636 1.3.$6,636 1,004,469 CURRENT ASSETS Debiors Investmeiits Cash at bank 111.9?6 70,2J2 358,279 358,279 470.207 470,?07 68i,415 DEDU'CT,. Creditors diie within one year Creditorb Accrui.d charges 120.336) (?0,3361 {17,0?7) (20,336) l?0,)361 {18,$49} TOTAL ASSEI'S I.F.SS CURRE.NT LIAIIII.ITIES 1,806,507 1,806.507 1,669,3)5 DF.DUCT.. Lr¢ditoi's due aftei. morc Iliai) one year (77.6971 (77.6971 185,0281 NET A8SE'rs 1.7?8.8O9 1.728.809 1,584,307 (7}
W ARIC OIORTII H&¥RBOUR COIVlfvllJSION£Ri I'OTES 10 THk ACCOUNTS FOR THE YEAR ENDF.D JO iyo3fEMBER ?021 NOTES Unresiricled Reslricted Funds Funils Total 20?0 RESERVE8 Brought forward Net movcmenl in thc year 1,584.i07 14J, 502 1,584,i07 1.448.601 1.14,50? 135,706 TOTAL RL8ERVES CAILPJED foRIVAPD 9 1728,809 1,728.809 1.58£1.307 Th¢s¢ a¢counis have oeLn prepared in accordance with Ihe St3ieincni of Recomn)¢Dded Fraclice, Ac¢oiiiiting and Reponing by preparing Iheir aLCOllnlS irt accorclance with IhL Finll n¢ial R¢poriino Staiidard appliiable in Ihe UK and Republic of Ii'¢land IFRS 1021 and wilh ihe Chai'ities A¢t 2011. Signed on behalf of ihe management commitlee oll 14 January 2022 J WA'I'SON {8)
WARKWORTH HARBOUR CO]mISsIoNERs
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDEI) JO NOVEMBEK 2021
ACCOUNTING POLICIES
The principal accounting policies arc siimmarised below. -rhe accounting policies have been
applicd consistently throuOut the year ai)d in the preceding yeaT.
Basis of Accouniing
Th¢ financial 5taiements have been pi'epawd under the historical cosi convention. The
riiidncial SlGtiemeni.% huve been prepared in accordance wirl) the Staieiiieni ol. Rec0innind¢d
PrdCllCC, AccoLilliing and Reponing by prcparing rheir aecoiinis in accordance with the
Financial Riportins Sihndard applicable in lh¢ Uk and Repiiblic of Ireland IP RS 1021 ai)d
with the Charities A¢1 2011.
Incoming resources
All incoining resoiirLes ar¢ included in the Siaienienl of F'inanciAI A¢tiviries whcn th¢ Charity
is ¢iiliileLI 10 thc ii)Loine and tlie amuunt can be quantified with reasonable aeciira¢y, The
following specilic p(Trli¢ies are dpplied to parli¢iilar categories of income
Trading acliviries incvnie is recL)¥nised when the goods are sold and oi. the service is provid¢d,
Grpnl iiiLome is credited in the yeai. to which it rclaies wilh the exception of grants ivhi¢h
Ivei'e OTigin<illy oiven 10 ercct Ilie L"ciiire ilsclf. 'l-hese ¥rrÉints are <iniortised ai Ihc S
WARKWORTH HARBOUR COMMISSIONERS IYOTES TO THF, ACCOU,YI'S FOR THE YF.AR ENDED 30 IYOVF.MBER 2021 INCOMING RESOURCES Unresiricted Funds Resiricteil unds Total Gi'ant incuTne Chariilible foundations Oth¢r organisalions 24,164 24,764 33.163 24,764 24,764 33.163 Voliiniary income Donativns 495 495 900 495 495 900 TrR(ling op¢i'Jtions Hai'bour dLie5 Fi.%h l.anding dile5 Park'ing tee 30,577 61,075 37,?18 31),755 61.075 i7.218 30,092 ?9,288 129.048 1?9.048 111.641 RcnTal income R¢nts 14?,489 14?.489 1?7.731 14?,489 142,489 Mis¢ellaneous income General income Gift Aid BdTrk interest receivable 1,341 ?4,Oi3 1.034 24,053 1,034 36,860 1,036 26,4?8 26.4?8 67,185 (10)
WARKWORTH FI.4RHOUR COMMISSIONERS NOTF.S TO THE ACCOUYI TS FOR THE YEAR ENDED 30 NOVE.MBER 2021 RESOURCES EXPENDED Unresirict¢d Resti'icied unds Total Toial Cosi of generating funds Direct cos15 Siaffing costs Light an(1 heat Raies and water raies Insurances Posiai)L and stationery Rep<1irs and renewals Legal &. pi'ofc%bional fces Sundry exp¢nses Depreciation 2,993 81,041 23,716 1.-%09 16,617 832 28,771 2,145 7,536 10.981 11,i09 81,041 ?3,716 1,.809 16.617 832 28,771 ?1,799 1.726 ?.009 78.146 7,5i6 10.981 12,003 176,141 176.141 ?02.459 Cost of charitabl¢ d¢tiviii¢s Direci costs Gov¢rnance cosls Bank char&Tes Prof¢5sional fees- AccoLiniat)cy 781 1.800 781 1,800 750 1.705 2,581 2,581 ?.455
WARKWORTH HARBOUR COMMISSIONER.$ NOTF.S TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVF.MBER ?O?I STAFF COSTS AND NUMBERS Durino the financial year ihe ¢oinpaiiy's salary costs included. 20?1 20?0 Salary and pensioTr iosts Trusiees reiiiuneyalion 79.961 1,080 91.141 950 81,041 9?,091 No employee r¢c¢ived ¢moluments of more than £60.[)0 l?O?O.. Nil) Flxkl) ASSI.TS Laiid and Buildings Planl and Equipment and Machin¢rv Fixiure Toial Cosi As ar I l)ecembei' 20?0 Additions in The year 948,010 363,148 72.059 79.662 1,099.791 363.148 As at 30 Nove1mb ?021 79,66? 1,462,939 l)epre¢ialion As at I fJeccinbei' 2020 Choi'ge toi. Ihc yeai. On disposal 37,677 5,1$8 57,645 5,8?3 95,322 10,981 As a(30 November 20•1 106,303 Net book value A5 at 30 Noveinber 2021 ?9,2•4 16,194 1,356,636 Net bo()k value As ai 31 November 2020 948,070 34,382 1,004,469
WARKWORTH HARBOUR COMMISSIONERS NOTES TO THE ACCObNTS FOR THE YEAR EYDED 30 NOVEMBER 202] 20*0 DFB'I'ORS Trade debtors Gift aid V A'l- recoverable ?4,67? 5¥,747 ?8,505 34,694 1?.614 111,9?6 CREDITORS.. Amounis fAllii)¥ diie within one year Creditor5, taxation and social security Accrued charge. 1,5?2 17,097 ?0.336 20.336 18,549 CREDI'I'ORS.. Amounts falling more ihai) one ycar Mortgage 77,697 85.0?8 STATEMEN'I. OF FUNDS AtIDec Inconie Exp¢ndiwr¢ Tran5f¢r At 30 Nov. 2091 UNIiP.STRtCTED fiJNDS General reserve Designaied reserve 1,117,352 466,955 3?3.2?4 178,7?? 1.261,854 466,955 TOTAL UNRESTRICF.D FUNDS 1,584.307 323,224 178,72? 1,728,809