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2020-10-31-accounts

Reference	Reference	and administrative details	and administrative details
Forthe	ear ended 31		October 2020
Company		number	08555385
Charity number			1155339
Registered		office	70 Prince Street
			Bristol
			BS14QD
Trustees			Trustees, who are also		directors under		company law,		who served
			during the year	and up	to	the date ofthis report were:
			D G Bassett
			Cpt. SColledge
			K Henshall			(Resigned	8 April 2021)
			DrJ D Naysmith			(Resigned	27 August 2021)
			T Sylvester			(Resigned	30July 2021)
			J R Thomas
			A Westmore
			Cpt. W S Payne			(Appointed	10	November	2020)
			R Skuse			(Appointed	4 October 2021)
Bankers			Lloyds Bank PLC
			PO Box1000
			Andover
			BX1 1LT
Solicitors			Lancaster Parr			CMS Cameron		McKenna	LLP
			Pear Tree House			College Square
			Wanstrow			2 Anchor Road
			Somerset			Bristol
			BA4 4TF			BS15UE
Independent		examiners	Bishop Fleming	LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL
Marine consultants			AW Ship Management		Ltd
			9 Alie Street
			London
			E1 8DE

	2018/19	2019/20
Income:
Donations and legacies	27592	15308
Charitable activities		11250
Other trading activities	10834	2007
Totalincome	38426	28565
Expenditure:
Raising funds	821	468
Charitable activities	85779	68807
Total expenditure	86600	69275
Net income /(expenditure)	-48174	-40710

							2020	2019
					Restricted	Unrestricted	Total	Total
				Note	E	E
Income (and		endowments)	from:
Donations		and legacies				15,308	15,308	27,592
Charitable		activities				11,250	11,250
Other trading activities						2,007	2,007	10,834
Total income		(and endowments)				28,565	28,565	38,426
Expenditure	on:
Raising funds						468	468	821
Charitable		activities				68,807	68,807	85,779
Total expenditure						69,275	69,275	86,600
Net income I		(expenditure)				~40,710	~40,710	~40,174
Net movement		in funds				(40,710)	(40,710)	(48,174)
Reconciliation		offunds:
Total funds brought forward					3,201	153,647	156,848	205,022
Total funds carried forward					3,201	112,937	116,138	156,848

				2020	2019
Cash used in operating activities:
Net movement in funds				(40,710)	(48,174)
Adjustments for:
Depreciation charges				19,367	20,658
Decrease / (increase) in stock				305	2,034
Decrease in debtors Increase / (decrease) in creditors				(47) 9,596	7,338 1,111
Net cash provided by operating	activities			~11,499	~17.033
Cash flows from investing activities:
Purchase oftangible fixed assets				2,836
Net cash used in investing activities				2,836
Cash flows from financing activities:
Loans raised during the year
Loans repaid during the year
Net cash provided by investing	activities
(Decrease)/increase in cash and	cash equivalents		in the year	(14,325)	(17,033)
Cash and cash equivalents at the	beginning	ofthe year		107,735	124,768
Cash and cash equivalents at the end of		the year		93,410	107,735

Income from donations and	legacies
				2020
		Restricted	Unrestricted	Total
		F
Donations			11,014	11,014
Membership			2,412	2,412
Gift aid reclaimed			1,882	1,882
Other
Total income from donations	and legacies		15,308	15,308
Prior period comparative:
				2019
		Restricted	Unrestricted	Total
		f
Donations		(1,000)	21,522	20,522
Membership			2,732	2,732
Gift aid reclaimed			4,338	4,338
Other
Total income from donations	and legacies	~1,000	25,592	22,592

							2020	2019
					Restricted	Unrestricted	Totalf	Total
Grants						11,250	11,250
Sales
Other
Total	income	from	charitable	activities			11,250

For	the	ear ended	31October	31October	2020
4.	Income from other trading				activities
								2020	2019
						Restricted	Unrestricted	Total	Total
							f
	Other Total	income	from	other	trading		2,007	2,007	10,834
	activities						2,007	2,007	10,834

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For	the	ear ended 31October
7.	Net	movement in funds
	This	is stated after charging:

	This is state	d after charging:
					2020	2019
						E
	Depreciation Trustees' remuneration				19,367 Nil	20,658 Nil
	Trustees' reimbursed travel expenses		(1 trustee	2020, 3trustees
	2019)				164	1,789
	Independent	examiner's fee
	-	Independent examination	(including	VAT)	3,000	2,880
	-	Other services			510	510
8.	Staff costs	and numbers
	Staff costs were as follows:

11.	Heritage assets
	Group	Total
		E
	Cost
	At 1 November 2019	272,816
	Addition in year	2,836
	At 31October 2020	275,652
	Depreciation
	At 1 November 2019	110,574
	Charge for the year	19,367
	At 31 October 2020	129,941
	Net book value
	At 31October 2020	145,711
	At 1 November 2019	162,242

Not	es to the financial statements
For	the ear ended 31October 2020
11.	Heritage assets (continued)
	Charity		Total
	Cost
	At 1 November 2019		215,208
	Addition in year		2,836
	At 31October 2020		218,044
	Depreciation
	At 1 November 2019		69,123
	Charge for the year		15,372
	At 31 October 2020		84,495
	Net book value
	At 31October 2020		133,549
	At 1 November 2019		146,085
12.	Investments
		2020	2019
		F
	White Funnel Limited
	100Ordinary F1 shares	100	100

		2020	2019
Turnover		621	6,988
Cost ofsales		~5,543	~19,954
Gross loss		(5,922)	(12,996)
Other operating	income	1,292	13,358
Administrative	expenses	(2,494)	(8,153)
Profit/ (loss) for financial year		~7,124	~7,791

The aggregate ofthe assets, liabilities	and funds was:
	2020	2019
Assets Liabilities	39,237 ~125,477	45,872 ~124,988
Funds	~86,249	~79.116

	The parent charity's gross inco	me and the results for the	period ar	e disclosed as follows:
				2020	2019
					f
	Gross income Results for the period			25,052 29,103 ~33,585 ~40,384
15.	Stock
		The group		The charity
		2020	2019f	2020f	2019 f
	MVB Pictures	462		462
	Fuel	579	1,289
	Catering stock	1,560	1,890
	Shop stock	3,691	3,417
		6,292	6,596	462

Debtors
	The group		The charity
	2020	2019f	2020 E	2019 f
Other debtors	2,430		329	329
Prepayments	13,336	15,623	13,336	13,194
Taxes	271	758
Gift aid	1,882	1,491	1,882	1,491
	17,919	17,872	15,547	15,014

Creditor	s: am	ounts due within 1	year
			The group		The charity
			2020	2019	2020	2019
			F	E		F
Trade creditors			7,703	6,862	7,400	6,558
Grant received		in advance	12,646	3,500	12,646	3,500
Accruals			3,000	3,390	3,000	3,880
Founders	tickets (see note 19)				15,000	15,000
			23,349	13,752	38,046	28,938

Creditor	s: amo	unts	due	after 1	year
					The	group		The	charity
					2020		2019f	2020		2019 f
Founders	tickets	(see	note	19)	123,845		123,845

Analysis ofnet assets between funds
	Restricted	Unrestricted
	fundsf	fundsf	Total Fundsf
Tangible fixed assets		145,711	145,711
Current assets	3,201	114,420	117,621
Current liabilities Long term liabilities		(23,349) ~123,845	(23,349) ~123,845
Net assets at 31October 2020	3,201	112,937	116,138
	Restricted	Unrestricted	Total Funds
Prior year comparative	fundsf	funds f
Tangible fixed assets		162,242	162,242
Current assets	3,201	129,002	132,203
Current liabilities Long term liabilities		(13,752) ~123,845	(13,752) ~123,845
Net assets at 31October 2019	3,201	153,647	156,848

				At 1			At 31
				November			October
				2019	Income	Expenditure	2020
				E	F.	F
Restricted funds
Avon Valley Trading				3,201			3,201
Total restricted		funds		3,201			3,201
Unrestricted	funds
General funds				153,647	17,315	~58,025	112,937
Total unrestricted			funds	153,647	17,315	~58,025	112,937
Total funds				156,848	17,315	~58,025	116,138

		At 1				At 31
		November				October
Prior year comparative		2018 F	Income E	Expenditure	f	2019
Restricted funds
avon and Somerset	Police	1,000	(1,000)
Avon Valley Trading		3,201				3,201
Total restricted funds		4,201	~1,000			3,201
Unrestricted funds
General funds		200,821	39,426	~86,600		153,647
Total unrestricted	funds	200,821	39,426	~56,600		153,647
Total funds		205,022	38,426	~86,600		156,848