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2020-12-31-accounts

EM Crew overview
Cumulabve STEMCieiv aAe vuAe 2019 v 2020
STEM CREW KPls End 2020 Annual%
mcrsase		 2020
Target		 2021 Target Lav 000
20IO
Young people taught * 200K +33% 300K Aeacus —-2020
*Plus ZERO Days resources used in 600 schools with est reach 1M children '0i c.;u
ix' Mru
All registered
users		 6,500 +65"I'c 9,000
Secondaryteachers 3,550 (33% 5,000
0
% UK secondary
schools		 36% +35% 45% Je Feb Lu Ap bb I r lvt, Aue C u Oc Nc Oec

2021 Kpls End
2019		 End
2020		 2021
Target		 increase
000 000
Young people reached 150K 200K 300K +50%
All STEM Crew users 3,900 6,500 9,000 +40%
Secondary STEM teachers 2,650 3,600 5,000 +40%
10'I.000
% UK secondary schools 28% 39% 45%* +15%
*Based on our understanding ofthe nail onsl penelrall on ofother STEM 00.000
Programmes
into schools, we		 expect the growth in schools represented lo
slow, and are pursuing
growlh		 through
more teachers
wl lhln current schools.

(Including
Income an		 d Expe nditur e
Account)
Total Total
Unrestricted Restricted 31 December 31 December
Note funds
f		 funds
f		 2020
f		 2019
f
Income and Endowments from:
Donations
and legacies		 3 567,514 120,000 687,514 1,065,093
Other trading
activities and		 events 4 85,000 85,000 300,720
Investment
income		 508
Total income 652,514 120,000 772,514 1,366,321
Expenditure
on:
Raising funds (41,475) (41,475) (32,454)
Charitable
activities		 5 ~562 707 ~169500 ~732207 (1 252 987)
Total expenditure ~604 182 (~169500 ~773682 (1285441)
Net income/(expenditure) 48 332 ~49500 {1168) 80 880
Net movement
in funds		 48,332 (49,500) (1,168) 80,880
Reconciliation
offunds
Total funds brought forward 328 598 139500 468 098 387218
Total funds carried forward 15 376,930 90,000 466,930 468,098

31 December 31 December
2020 2019
Note 6
Fixed assets
Tangible assets 10 7,833 12,920
Investments 11 1 000 1 000
8,833 13,920
Current assets
Debtors 12 69,662 152,416
Cash at bank and in hand 418841 476328
488,503 628,744
Creditors: Amounts falling due
within one year 13 (30406) (174566)
Net current assets 458 097 454 178
Net assets 466,930 468,098
Funds ofthe Charity:
Restricted
income funds		 90,000 139,500
Unrestricted
income funds		 376930 328 598
Total funds 15 466,930 468,098

1851Marine Trust 1851Marine Trust
Statement ofCash Flow
For the year ended 31 December 2020
2020 2019
Note 6
Cashf low from operating activities
Net cashflow from operations See below 56456 62031
Total cashflow from operating activities 56456 62031
Cashflow from investing activities
Interest received 508
Payments
to acquire fixed		 assets ~1 031 (13373)
Total cashflow on Investing
activities		 ~1031 (12685)
Net decrease
in cash and		 cash equivalents (57,487) 49,166
Cash and cash equivalents at 1 January 2020 476 328 427 162
Cash and cash equivalents at 31 December 2020 418,841 476,328
Cash and cash equivalents
consist of:
Cash at bank and
in hand		 418841 476328
Cash and cash equivalent at 31 December 2020 418,841 476,328
Reconciliation
of income		 to net cash flow from operations:
2020 2019
6
Net income resources (1,168) 80,880
Adjustments
for:
Interest received (508)
Depreciation
charges		 6,118 4,873
(Increase)/decrease
in debtors		 82,754 (121,263)
Increase/(decrease)
in creditors		 ~144 160 98049
Net cash from operations (56,456) 62,031
The Charity has no net debt (2019 - 6nil).

2
Comparative
Statement		 of Fin ancial Activi ties
Total
Unrestricted Restricted 31 December
Funds Funds 2019
Note Z
Income and Endowments from;
Donations
and legacies		 760,593 304,500 1,065,093
Other trading
activities		 720 300,000 300,720
Investment
income		 508 508
Total Income 761,821 604,500 1,366,321
Expenditure
on:
Raising funds (32,454) (32,454)
Charitable
activities		 776987 ~476 000 ~1252 067
Total expenditure (809441) (476000) (~1285441)
Net Income/(expenditure) 47620 128500 80880
Net movement
in funds		 47620 128500 ea eea
Reconciliation
offunds
Total funds brought forward 376218 11000 387218
Total funds carried forward 15 328,598 139,500 468,098

Unrestricted Restricted Total Total
funds funds 2020 2019
8
Trusts and Foundations 94,000 94,000 106,490
Government grants (job retention scheme) 52,198 52,198
Corporate donations 515,000 26,000 541,000 932,200
Individual donations 316 316 26403
567,514 120,000 687,514 1,065,093

Unrestricted Restricted 2020 2019
Funds Funds Total Funds Total Funds
6 6 8 6
Income from fundraising events 720
Sponsorship
income		 85000 85000 300000
85,000 85,000 300,720
5
Expenditure
on charitable		 activities
Unrestricted Restricted 2020 2019
Funds Funds Total Funds Total Funds
6 6 6 K
Roadshow
programme		 398 19,727 20,125 66,646
Sustainability
projects		 38,596
Go Sail and Rebels Crew sailing programme 19,020 19,020 225,767
Tech Deck and STEM Crew projects 117,547 94,303 211,850 338,831
Programme
development		 2,685 2,685 15,893
Programme
marketing
to schools/teachers		 7,310
Staff costs (see note 9) 341,013 46,419 387,432 419,755
Support costs 82 044 9051 91 095 140189
562,707 169,500 732,207 1,252,987
Support costs are made up as follows:
Rent and property costs 20,144 2,051 22,195 42,068
Staff training,
recruitment		 and clothing 4,520 1,000 5,520 9,341
Travel subsistence
and accommodation		 4,815 2,000 6,815 12,315
Office and IT 15,661 4,000 19,661 12,812
Insurance 7,514 7,514 5,120
Finance costs 457 457 1,959
Subcontractor
costs		 6,391
Governance
costs (see note 6)		 10,899 10,899 24,073
Finance support 11,916 11,916 21,237
Depreciation 6 118 6 118 4 873
82,044 9,051 91,095 140,189

2020 2019
f
Independent examiner's fee 3,000
Auditors
remuneration		 2,864 12,080
Taxation advice 240 3,825
Accountancy and advisory 2,802 3,786
Legalfees 1 993 4382
10,899 24,073
7
Net incoming
resources
Net incoming resources for the year is stated after:
2020 2019
Depreciation offixed assets 6,118 4,873
8
Trustees		 remuneration and expenses

9 Staff costs
2020 2019
5
Staff costs during the year were:
Wages and salaries 341,890 369,422
Social security costs 32,768 34,879
Pension costs 12774 15454
Total Staff costs 387,432 419,755

were E108,579(2019 -
were:		 E108,064).The number ofemplo yees
whose annual
remuneratio		 n
was E60,00
2020 2019
E90,000-E100,000
10Tangible fixed assets
Office Equipment
2020 2019
E E
Cost
At 1 January 2020 19,119 16,641
Additions 1,031 13,373
Disposals (10895)
At 31 December 2020 20 150 19119
Depreciation
At 1 January 2020 6,199 12,221
Charge for the year 6,118 4,873
Depreciation
eliminated		 on disposal (10895)
At 31 December 2020 12,317 6,199
Net book value
At 31 December 2020 7,833 12,920
At 31 December 2019 12,920 4,420

Investment
in Stem Crew Ltd
Unlisted Investments
2020 2019
Cost
At 1 January 2020 and 31 December 2020 1,000 1,000
Net book value
At 31 December 2020, and 31 December 2019 1,000 1,000
The trading
subsidiar		 y
was dorman		 t
in the past two years:
2020 2019
6 6
Income
Expenditure
Net profit (loss)
Net assets at 31 December
For the year ending 31 December 2020 the company was dormant,
12Debtors
2020 2019
6
Grants receivable 60,000 80,000
Amounts
recoverable		 from trading company 68 68
Accrued income 64,000
Prepayments 4,594 7,072
Other debtors 5 000 1 276
69,662 152,416

13Credi tors: amount s
falling due within one year
2020
6		 2019
f
Creditors 12,166 32,494
Taxation and social security 14,748 24,336
Accruals and deferred income 3492 117736
30,406 174,566

Deferred inco me comprises ofmonie s tow ards
future Roa		 d shows, the STEM crew proj ect and Go Sail
2020 2019
E E
Balance at 1 January 2020 64,000 20,000
Amounts
released		 to income earned from charitable
activities		 (64,000) (10,000)
Amount
deferred		 in year 54000
64,000
15Funds
Balance at Balance at
1January 31 December
2020 Income Expenditure 2020
E E E
Unrestricted funds 328,598 652,514 (604,182) 376,930
Restricted funds
Roadshows 35,000 59,000 (35,000) 59,000
STEM and the Sea, and the Tech Deck 11,000 11,000 (11,000) 11,000
Rebels Crew 20,000 20,000
STEM Crew 93500 30000 ~123500
Total restricted funds 139500 120000 ~169500 90000
Totalfunds 468,098 772,514 (773,682) 466,930

to deliver sports-inspiring
lessons
in STEM		 to deliver sports-inspiring
lessons
in STEM		 subjects to y oung people.
2019Comparative Balance at Balance at
1 January 31 December
2019 Income Expenditure 2019
6 8 E
Unrestricted funds 376,218 761,821 (809,441) 328,598
Restricted funds
Roadshows 140,000 (105,000) 35,000
STEM and the Sea, and the Tech Deck 11,000 149,819 (149,819) 11,000
Go Sail programme 10,000 (10,000)
Rebels Crew 73,023 (73,023)
STEM Crew 231658 (138158) 93500
Total restricted funds 11000 604 500 (476 000) 139500
Total funds 387,218 1,366,321 (1,285,441) 468,098

Net ass ets be tween funds
Total funds
Unrestricted Restricted 31 December
funds funds 2020
E E E
Tangible fixed assets 7,833 7,833
Investments 1,000 1,000
Current assets 398,503 90,000 488,503
Current liabilities ~30406 ~30406
376,930 90,000 466,930
Total funds
Comparative information: Unrestricted Restricted 31 December
funds funds 2019
E F.
Tangible fixed assets 12,920 12,920
Investments 1,000 1,000
Current assets 489,244 139,500 628,744
Current liabilities (174566) (174566)
328,598 139,500 468,098
17Financial instruments
2020 2019
E E
Financial assets at amoriised cost 483,909 620,396
Financial liabilities at amortised cost ~30406 (~110566
Net financial assets 453,503 509,830

At the reporting date, the Trust had the following
mini
space falling due as below:		 mum
future lease commitments
in re		 spect ofoffi
2020 2019
6
Within one year 11,034 11,034
Between two and five years 7356 18390
18,390 29,424