2022-10-31-accounts

For the	ear ended 31	ear ended 31	October 2022
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 of this report					were:
			D G Bassett
			Cpt. SColledge
			Cpt. W Payne		Resigned 30 November				2021
			J R Thomas
			A Westmore
			R Skuse
Bankers			Lloyds Bank PLC
			PO Box 1000
			Andover
			BX1 1LT
Solicitors			Lancaster Parr		CMS Cameron		McKenna		LLP
			Pear Tree House		College Square
			Wanstrow		2 Anchor Road
			Somerset		Bristol
			BA4 4TF		BS1	5UE
Independent		examiners	Bishop Fleming	LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL

					2022	2021
		Note	Restricted F	Unrestricted	Totalf	Total E
Income (and endowments)	from:
Donations and legacies			6,300	27,560	33,860	58,652
Charitable activities				27,065	27,065	17,750
Other trading activities				15,980	15,980	587
Total income (and endowments)			6,300	70,605	76,905	76,989
Expenditure on:
Raising funds				851	851	4,796
Charitable activities			12,530	85,673	98,203	72,419
Total expenditure		5	12,530	86,524	99,054	77,215
Net income I(expenditure)			~6,230	~16,919	~22,149	~I226
Net movement in funds		6	(6,230)	(15,919)	(22,149)	(226)
Reconciliation offunds:
Total funds brought forward			13,431	102,481	115,912	116,138
Total funds carried forward			7,201	86,562	93,763	115,912

					The group	The group	The charity	The charity
					2022	2021	2022	2021
Fixed assets
Heritage	assets			9i10	106,056	122,470	102,787	117893
investments				11			'l00	100
					106,056	122r470	102,887	117,993
Current assets
Stock					7,267	5.347		462
Debtors					12,856	16,088	10,253	13,587
Cash at bank and		ln hand			1"l7,807	109,381	$11973	"Gr z86
					137,930	130,816
Liabilities
Creditors;	amounts	falling due within	1
yea l				16	(26,379j	(13,529)	(38,777)	(27,238)
Nei current assets					111,551	117,287	83,449	94,097
Total assets less		current liabilities
Creditors;	arntounts	faliing due after
mol'e ti1an	1 yeaf			17	(123.845)	(123845)
				19	93762	115912	186,336	212 r 090
Funds
Restricted	funds				7,201	13431	7y201	13,431
General funds					86s562	102,481	179,135	1i98,659
Total charity funds							186,336	2 "r 2,090

For the eriod ended 31Octobe	r 2022
				2022	2021
Cash used in operating activities:
Net movement in funds				(22,149)	(226)
Adjustments for:
Depreciation charges				40,571	26,883
Decrease / (increase) in stock				(1,921)	945
Decrease in debtors Increase / (decrease) in creditors				3233 12,851	1,831 ~9,820
Net cash provided by operating	activities			32,585	19,613
Cash flows from investing activities:
Purchase of tangible fixed assets				24,157	3,643
Net cash used in investing activities				24,157	~3,643
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	8,428	15,970
Cash and cash equivalents at the	beginning	ofthe year		109,380	93,410
Cash and cash equivalents at the end of		the year		117,808	109,380

									2022
							Restricted	Unrestricted	Total
							F	E	F
	Donations							21,257	21,257
	Donated	services					6,300		6,300
	Grants
	Membership							2,134	2,134
	Gift aid reclaimed							4,169	4,169
	Legacies
	Total income from donations					and legacies	6,300	27,560	33,860
	Prior period comparative:
									2021
							Restricted	Unrestricted	Total
							F	F
	Donations						5,230	23,768	28,998
	Grants						5,000	15,600	20,600
	Membership							1,304	1,304
	Gift aid reclaimed							6,750	6,750
	Legacies							1,000	1,000
	Total income from donations					and legacies	10,230	48,422	58,652
3.	Income from charitable			activities
								2022	2021
						Restricted	Unrestricted	Total	Total
							F	F	E
	Education	projects					27,065	27,065	17,750
	Total income from charitable					activities	27,065	27,065	17,750
4.	Income from other trading				activities
								2022	2021
						Restricted	Unrestricted	Total	Total
						F	F	F
	Sales						15,969	15,969	316
	Other						11	11	271
	Total income		from	other		trading
	activities						15,980	15,980	587

		(U 4t 0 I— C)		(0 (Q	W CO (Q	~ F3 (0 (0 v- (O (0	~ F3 (0 (0 v- (O (0	t C) (0 W	(0 CD W	(0 CD W	C& (A rt' lA (0 lA (D(D	C& (A rt' lA (0 lA (D(D
		CV
		Ct
C (U	(D O C mC	(D (D p			(O (0 (Q	~ (0	I	I	I		I I	I
p.	(D
	0)
	(D (U L	(D )		(Q (0 T	I	I	CO (0 (0	p C)(0	I		O lA lA (0 (D Ct lA rt'	lA N			(D
	m	o
		(U
		(D 4t 0		I	I	I	1						(Q (D	I
		(D C
		(D
		(U
		CL'
												(D		(D
			(D Q) (D Qt x (D (n o 0) (U C (U (U (D o CEoc p Y O (U			C ,0 (U O Q) O. (D 0	oC (U C L (D 0 0	0)c Vl (D (U (0 0) 0 C —O CD o m m (U C P O 0 (D C4 —C. m'omp &3 ~.9- zvZ ca LLI(O				(U Qt (U (0 (U L 0 (O	(U 0 M	(D0o 0 (D p C.0 (Uo 0	C (D X (D m 0 I—

For	the ear ended 31Octob	the ear ended 31Octob	er 20	22
6.	Net movement in funds
	This is stated after charging:
							2022	2021
							E	E
	Depreciation						40,571	26,883
	Trustees'	remuneration
	Trustees'	reimbursed travel expenses			(0 trustees	2022, 0 trustee
	2021)
	Paid to a	trustee for restorative		work	on MV Balmoral		11,025	1,500
	Independent examiner's		fee
		Independent	examination		(including	VAT)	3,240	3,150
		Other services					528	528

For	the ear ended 31 October 2022	the ear ended 31 October 2022
9.	Heritage assets
	Group		Total
			E
	Cost
	At 1 November	2021	279,294
	Addition in year		24,157
	At 31 October	2022	303,451
	Depreciation
	At 1 November	2021	156,824
	Charge for the year		40,571
	At 31 October	2022	197,395
	Net book value
	At 31October	2022	106,056
	At 1 November	2021	122,470

that period, or if the terms of the agreement are breac those obligations when it purchased the ship in 2015.	that period, or if the terms of the agreement are breac those obligations when it purchased the ship in 2015.	hed. MV Balmoral Fund Limited assumed
Heritage assets
Charity		Total
		E
Cost
At 1 November	2021	221,686
Addition in year		24,157
At 31 October	2022	245,843
Depreciation
At 1 November	2021	103,793
Charge for the year		39,263
At 31October	2022	143,056
Net book value
At 31 October 2021		117,893
At 1 November	2022	102,787

Investments
		2022	2021
			E
White Funnel	Limited
100Ordinary	f1 shares	100	100

The aggregate ofthe assets, liabilities an	d funds was:
	2022f	2021 E
Assets	34,055	29,287
Liabilities	126,529	(125,365
Funds

The pa	rent charity's gross income and the result	s for the period are disclosed as follows:
		2022f	2021 E
Gross	income	60,936	76,412
Results	for the period	25,755)	9,614

Stock
	The group		The charity
	2022	2021	2022	2021
		E	E
MVB Pictures		462		462
Fuel	4,655	124
Catering stock	1,497	1,765
Shop stock	1,115	2,996
	7,267	5,347		462

Creditors:	amounts	falling	due	after	more than 1year
					The group		The charity
					2022	2021	2022	2021
								F
Founders	tickets				123,845	123,845

Deferred	income	income
			The group		The charity
			2022	2021	2022	2021
				E	f
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 of net assets between	Analysis of net assets between	funds
			Restricted	Unrestricted
			funds	funds	Total Funds
				E	F
Tangible	fixed assets			106,056	106,056
Current	assets		7,201	130,730	137,931
Current	liabilities			(26,380)	(26,380)
Long term liabilities				123,845	123,845
Net assets at 31 October 2022			7,201	86,561	93,762
			Restricted	Unrestricted	Total Funds
Prior year comparative			funds	funds
			E	F
Tangible	fixed assets			122,470	122,470
Current	assets		13,431	117,385	130,816
Current	liabilities			(13,529)	(13,529)
Long term liabilities				123,845	(123,845)
Net assets at 31 October 2021			13,431	102,481	115,912

20.	Movements in funds	Movements in funds
			At 1			At 31
			November			October
			2021	Income	Expenditure	2022
				E	E
	Restricted funds
	Deck refurbishment-		1230		1,230
	donations
	Deck refurbishment-			6,300	6,300
	donated services
	Deck refurbishment-		5000		5,000
	grant
	Donation - purchase		4000			4,000
	of awning
	Avon Valley Trading		3,201			3,201
	Total restricted funds		13,431	6,300	12,530	7,201
	Unrestricted funds
	General funds		102,481	70,605	86,524	86 562
	Total unrestricted	funds	102,481	70,605	86,524	86,562
	Total funds		115,912	76,905	99,054	93,763

		At	1			At 31
		November				October
Prior year comparative		2020		Income	Expenditure	2021
			E	E		E
Restricted funds
Deck refurbishment-
donations				1230		1,230
Deck refurbishment-
grant				5000		5,000
Donation - purchase
of awning				4,000		4,000
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