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|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|||||||
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||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|
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||||||||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|
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|||||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|
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|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:||||||
##
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|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|
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|||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|
##
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|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||
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|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||||
##
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|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|
##
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|||||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|
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