2021-10-31-accounts

Reference		and administrative details	and administrative details
Forthe year ended 31			October 2021
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)
			TSylvester		(Resigned	30July 2021)
			J RThomas
			A Westmore
			Cpt. W SPayne		(Appointed	10	November 2020)
					(Resigned	30November 2021)
			RSkuse		(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
			BA44TF		BS15UE
Independent		examiners	Bishop Fleming	LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL
Marine consultants			AW Ship Management		Limited
			The Loom suite 3.2.14
			Gowers Walk
			London
			E1 SPY

D G Bassett
Cpt. SP Colledge
K. Henshall			Reesigned	02 April 2021
DrJ D Naysmith			Resigned	27 August 2021
Cpt W Payne	Appointed	8 December 2020	Resigned	30 November 2021
R.Skuse	Appointed	11 December 2021
JTSylvester			Resigned	30July 2021
J RThomas
A D Westmore

						2021	2020
				Restricted	Unrestricted	Total	Total
			Note	f.	f.		E
Income (and	endowments)	from:
Donations	and legacies		2	10,230	48,422	58,652	15,308
Charitable	activities		3		17,750	17,750	11,250
Other trading activities			4		587	587	2,007
Total income	(and endowments)			10,230	66,759	76,989	28,565
Expenditure on:
Raising funds					4,796	4,796	468
Charitable	activities				72,419	72,419	68,807
Total expenditure					77,215	77,215	69,275
Net income I	(expenditure)			10,230	(10,456)	(226)	~40,710)
Net movement	in funds		6	10,230	(10,456)	(226)	(40,710)
Reconciliation	offunds:
Total funds brought forward				3,201	112,937	116,138	156,848
Total funds carried forward				13,431	102,481	115,912	116,138

As at 31October 2	0	21
									The group 2021		The group 2020	The charity 2021	The charity 2020
							Note		R			E
Fixed assets
Heritage assets Investments							9/10 11		122,470		145,711	117,893 100		133,549 100
									122,470		145,711	117,993		133,649
Current assets
Stock								14	5,347		6,292	462		462
Debtors								15	16,088		17,919	13,587		15,547
Cash at bank and in	hand								109,381		93,410	107,286		90,863
									130,8'i 6		117,621	121,335		106,872
Liabilities
Creditors: amounts year	falling		due	within		1		16	(13,529)		(23,349)	(27,238)		(38,046)
Net current assets									117,287		94,272	94,097		68,826
Total assets less current			liabilities						239,757		239,983	212,090		202,475
Creditors: amounts	falling		due	after
more than 1 year								17	(123,845)		(123,845)
Net assets								19	115,912		116,138	212,090		202,475
Funds								20
Restricted funds									13,431		3,201	13)431		3,201
General funds									102,481		112,937	198,659		199,274
Total charity funds									115,912		116,138	212,090		202,475
For the year ended exemption from the The members have		31 October requirement not required			2021 the trustees are to obtain an audit under the company to obtain						satisfied that the company is entitled to Section 477 of the Companies Act 2006, an audit of its accounts for the period in
question in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies'
regime.
Approved by the trustees			on	21	July		2022		and signed on		their behalf by

Forthe period ended 31Octobe	r 2021
				2021	2020
					E
Cash used in operating activities:
Net movement in funds				(226)	(40,710)
Adjustments for:
Depreciation charges				26,883	19,367
Decrease / (increase) in stock				945	305
Decrease in debtors				1,831	(47)
Increase / (decrease) in creditors				(9,820)	9,596
Net cash provided by operating	activities			19,613	~11,489
Cash flows from investing activities:
Purchase oftangible fixed assets				3,642	2,836
Net cash used in investing activities				~3,642	~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	15,971	(14,325)
Cash and cash equivalents at the	beginning	ofthe year		93,410	107,735
Cash and cash equivalents at the end of		the year		109,381	93,410

Income from donations and	legacies
				2021
		Restricted	Unrestricted	Total
		F
Donations		5,230	23,768	28,998
Grants		5,000	15,600
Membership			1,304	'I,304
Gift aid reclaimed			6,750	6,750
Legacies			1,000	1,000
Total income from donations	and legacies	10,230	48,422	38,052
Prior period comparative:
				2020
		Restncted	Unrestncted	Total
				E
Donations			11,014	11,014
Membership			2,412	2,412
Gift aid reclaimed			1,882	1,882
Total income from donations	and legacies		15,308	15,308

					2021	2020
			Restncted	Unrestncted	Totalf	Total
Education	projects			17,750	17,750	11,250
Total income from charitable		activities		17,750	"7~750	11,250

							2021	2020
					Restricted	Unrestricted	Total	Total
					F	F
Sales						316	316
Other						271	271	2,007
Total	income	from	other	trading
activities						587	587	2,007

						2021	2020
							P
Depreciation						26,883	19,367
Trustees'	remuneration
Trustees' reimbursed travel expenses trustee 2020j				(0trustees	2021, 1		164
Paid to a	trustee for restorative		work	on MV Balmoral		1,500
Independent examiner's		fee
	independent	examination		(including	VAT)	3,150	3,000
	Other services					528	510

9.	Heritage assets
	Group	Total
	Cost
	At 1 November 2020	275,652
	Addition in year	3,642
	At 31October 2021	279,294
	Depreciation
	At 1 November 2020	129,941
	Charge for the year	26,883
	At 31 October 2021	156,824
	Net book value
	At 31October 2021	122,470
	At 1 November 2020	145,711

For	the ear ended 31October 2021
10.	Heritage assets
	Charity		Total
	Cost
	At 1 November 2020		218,044
	Addition in year		3,642
	At 31 October 2021		221,686
	Depreciation
	At 1 November 2020		84,495
	Charge for the year		19,298
	At 31 October 2020		103,793
	Net book value
	At 31October 2021		117,893
	At 1 November 2020		133,549
11.	Investments
		2021	2020
			P
	White Funnel Limited
	100Ordinary E1 shares	100	100

		2021	2020
			E
Turnover		316	621
Cost ofsales		11,307	6,543
Gross loss		(10,991)	(5,922)
Other operating Administrative	income expenses	2,484 ~1,333	1,292 (2,494)
Profit/ (loss) for financial year		(9,840)	(7,124)

The parent charity's gross inco	me and the results for the	period are di	sclosed as follows:
			2021f	2020
Gross income Results for the period			76,412 25,052 9,6'l4 ~(33,585
Stock
	The group		The charity
	2021	2020	2021	2020
MVB Pictures	462	462	462	462
Fuel	124	579
Catering stock	1,765	1,560
Shop stock	2,996	3,691
	5,347	6,292	462	462

Debtors
	The group		The charity
	2021	2020	2021	2020
			F
Other debtors	2,430	2,430	200	329
Prepayments	12,110	13,336	12,110	13,336
Taxes	271	271
Gift aid	1,277	1,882	1 277	1,882
	16,088	17,919	13,587	15,547

Creditors: am	ounts falling due	within 1year
		The group		The charity
		2021	2020	2021	2020
				F
Trade creditors		8,347	7,703	7,819	7,400
Grant received	in advance	1,243	12,646	1,243	12,646
Accruals		3,678	3,000	3,150	3,000
Other		261		26
Lifetime tickets				15,000	15,000
		13,529	23,349	27,238	38,046

Creditors	: amounts falling	due after more tha	n 1 ye	ar
		The	group		The	charity
		2021		2020	2021		2020
		f					E
Founders	tickets	123,845		123,845

Deferred	income
		The group		The charity
		2021	2020	2021	2020
At 1 November		123,845	123,845
Increase	in year
Deferred	during the year
Released	during the year
At 31 October		123,845	123,845

Analysis ofnet assets between funds
	Restricted	Unrestricted
	funds	funds	Total Funds
	E
Tangible fixed assets		122,470	122,470
Current assets	13,431	117,385	130,816
Current liabilities Long term liabilities		(13,529) ~123,845	(13,529) ~123,845
Net assets at 31October 2021	13,431	102,481	115,912
	Restricted	Unrestricted	Total Funds
Prior year comparative	funds	funds
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

20.	Movements in funds	Movements in funds
			At	I			A't 31
			November				October
			2020		Income	Expenditure	2021
				P	E	E	F
	Restricted funds
	Deck refurbishment-				1,230		1,230
	donations
	Deck refurbishment-				5,000		5,000
	grant
	Donation - purchase				4,000		4,000
	ofawning
	Avon Valley Trading		3,201				3,201
	Total restricted funds		3,201		10,230		13,431
	Unrestricted funds
	General funds		112,937		66,759	~77,215	102,481
	Total unrestricted	funds	112,937		66,759	~77,215	102,481
	Total funds		116,138		76,989	~(77,215	115,912

		At 1			At 31
		November			October
Prior year comparative		2019	Income	Expenditure	2020
Restricted funds
Avon Valley Trading		3,201			3,201
Total restricted funds		3,201			3,201
Unrestricted funds
General funds		153,647	17,3'15	~58,025	1'l2,937
Total unrestricted	funds	153,647	17,315	~58,025	112,937
Total funds		156,848	17,315	(58,025)	116,138