2021-12-31-accounts - 1851 Marine Trust

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(Including Inco	me an	d Expe	nditur	e Account)
						Total	Total
				Unrestricted	Restricted	31 December	31December
				Funds	Funds	2021	2020
			Note	6	6	6	6
Income and Endowments		from:
Donations and legacies			3	484,857	367,500	852,357	687,514
Other trading activities and		events	4	81,638	52,378	134,016	85,000
Investment income
Total income				566,495	419,878	986,373	772,514
Expenditure on:
Raising funds				(87,547)		(87,547)	(41,475)
Charitable activities			5	~547 060	(~319878	(866938)	(732207)
Total expenditure				~634 607	~319878	(954485)	(773682)
Net income/(expenditure)				~68 112	100000	31 888	~1168
Net movement in funds				(68,112)	100,000	31,888	(1,168)
Reconciliation of	funds
Total funds brought	forward			376 930	90000	466 930	468098
Total funds carried	forward		16	308,818	190,000	498,818	466,930

				31December	31December
				2021	2020
			Note	6	6
Fixed assets
Tangible assets Investments			10 11	4,446 1 000	7,833 1 000
				5,446	8,833
Current assets
Debtors Cash at bank and in	hand		12	260,210 385 722	69,662 418841
Creditors: Amounts		falling due		645,932	488,503
within one year			13	115560	(30406)
Net current assets				530372	458097
Total assets less cunent liabilities				535,818	466,930
Creditors: amounts	falling due after		14	37000
more than one year
Net assets				498,818	466,930
Funds ofthe Charity:
Restricted income funds Unrestricted income funds				190,000 308818	90,000 376930
Totalfunds			16	498,818	466,930

For the year ended 3	1	De	cember 2021
				2021	2020
			Note	5	8
Cashflow from operating	activities
Net cashflow from operations			See below	(31,339)	(56456)
Total cashflow from operating			activities	(~31 339	~56456)
Cashflow from investing	activities
Interest received
Payments to acquire fixed	assets			~1780	~1031
Total cashflow on Investing		activities		(1,780)	~1031
Net decrease in cash and	cash		equivalents	(33,119)	(57,487)
Cash and cash equivalents	at	1 January 2021		418841	476 328
Cash and cash equivalents	at	31	December 2021	385,722	418,841
Cash and cash equivalents		consist of:
Cash at bank and in hand				385722	418841
Cash and cash equivalent	at 31 December 2021			385,722	418,841
Reconciliation ofincome	to	net cash flow from operations:
				2021	2020
Net income resources				31,888	(1,168)
Adjustments for:
Interest received
Depreciation charges				5,167	6,118
(Increase)/decrease in debtors				(190,548)	82,754
Increase/(decrease) in creditors				122 154	~144160
Net cash from operations				(31,339)	(56,456)
The Charity has no net debt (2020 - anil).

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
			6			8
Trusts and		Foundations	46,160	317,500	363,660	94,000
Government		grants (job retention scheme)	10,449		10,449	52,198
Corporate	donations		414,521	50,000	464,521	541,000
Individual	donations		13727		13727	316
			484,857	367,500	852,357	687,514

			Unrestricted	Restricted	2021	2020
			Funds	Funds	Total Funds	TotalFunds
			6		6
Sponsorship income			81 638	52 378	134016	85000
			81,638	52,378	134,016	85,000
5 Expenditure on charitable		activities
			Unrestricted	Restricted	2021	2020
			Funds	Funds 6	TotalFunds 6	Total Funds f
Roadshow programme Rebels Crew sailing programme			5,498 5,000	49,762 10,000	55,251 15,000	20,125 19,020
STEM Crew and STEM and the		Sea		103,857	103,857	211,850
Sail GP			38,258		38,258
Programme development			33,662		33,662	2,685
Programme marketing	to schools/teachers		18,426		18,426
The FA				45,801	45,801
Connected Cowes			101,370		101,370
Staff costs (see note 9)			296,617	37,376	333,993	387,432
Support costs			48238	73082	121 320	91 095
			547,060	319,878	866,938	732,207
Support costs are made up as follows:
Rent and property costs Staff training, recruitment and clothing Travel subsistence and accommodation Office and IT					6,130 13,326 2,170 19,278	22,195 5,520 6,815 19,661
Insurance Finance costs					6,570 557	7,514 457
Contractor costs					45,195
Governance costs (see	note 6)				8,223	10,899
Finance support					14,704	11,916
Depreciation					5 167	6 118
					121,320	91,095

			2021	2020
				f
Independent examiner's fee Auditors' remuneration Taxation advice			3,600 390	3,000 2,864 240
Accountancy Legal fees	and advisory		4233	2,802 1 993
			8,223	10,899
7 Net incoming resources
Net incoming	resources for the year is stated after:
			2021	2020
Depreciation	offixed assets		5,167	6,118
8 Trustees	remuneration	and expenses

9 Staffcosts
	2021	2020
Staff costs during the year were:
Wages and salaries Social security costs Pension costs	293,754 30,190 10049	341,890 32,768 12774
Total Staffcosts	333,993	387,432

31	December	31	December
	2021		2020

		2021	2020
f90,000-6100,000
10Tangible fixed assets
		Office	Equipment
		2021	2020
Cost
At 1 January 2021		20,150	19,119
Additions Disposals		1,780	1,031
At 31 December 2021		21 930	20 150
Depreciation
At 1 January 2021 Charge for the year		12,317 5,167	6,199 6,118
Depreciation eliminated	on disposal
At 31 December 2021		17,484	12,317
Net book value
At 31 December 2021		4,446	7,833
At 31 December 2020		7,833	12,920

Income
Expenditure
Net profit (loss)
Net assets at 31 December
Forthe two years ending 31 December 2021 the company was dormant.
12 Debtors
		2021	2020
Grants receivable		249,495	60,000
Amounts recoverable	from trading company	68	68
Accrued income
Prepayments		6,434	4,594
Other debtors		4213	5000
		260,210	69,662

13Creditors:	amounts	falling due	within	one year	one year	one year
									2021	2020
										E
Creditors									16,813	12,166
Taxation and	social security								11,214	14,748
Accruals and	deferred	income							87 533	3492
									115,560	30,406
14Creditors:	amounts	falling due	in more		than one		year
									2021f	2020 E
Accruals and	deferred	income							37000
									37,000
15Deferred income
Deferred income comprises ofmonies towards					future	Roadshows,		the	STEM crew project and Go Sail
									2021	2020
									6
Balance at 1 January 2021										64,000
Amounts released to income earned from charitable Amount deferred in year in respect of2022						activities			51,400	(64,000)
Amount deferred in year in respect of2023									37000
At 31 December 2021									88,400
16Funds
				Balance		at				Balance at
				1	January					31December
					2021 6		Income		Expenditure f	2021 E
Unrestricted Funds Restricted Funds					376,930		566,495		634,607	308,818
Roadshows					59,000		50,000		109,000
STEM and the	Sea				11,000				11,000
Rebels Crew					20,000				10,000	10,000
The FA project							202,378		142,378	60,000
STEM Crew							167500		47 500	120000
Total restricted	funds				90000		419878		319878	190000
Total Funds					466,930		986,373		954,485	498,818

2020 Comparative	2020 Comparative	2020 Comparative	Balance at			Balance at
			1January			31December
			2020	Income	Expenditure	2020
			6	6	6	6
Unrestricted	funds		328,598	652,514	(604,183)	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			93 500	30000	~123500
Total restricted		funds	139500	120000	~169500	90000
Total funds			468,098	772,514	(773,682)	466,930

At the reporting date, the Trust had the following mini space falling due as below:	mum future lease commitments in r	espect ofoffi
	2021	2020
		f
Within one year		11,034
Between two and five years		7 356
		18,390