## |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| ## ## ## ##