## |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
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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| ## ## ##