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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).||||||
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##
|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|31December|
|||||Funds|Funds|2020|
||||Note||6||
|Income and Endowments||from:|||||
|Donations
and legacies||||567,514|120,000|687,514|
|Other trading
activities||||85,000||85,000|
|Investment
income|||||||
|Total Income||||652,514|120,000|772,514|
|Expenditure
on:|||||||
|Raising funds||||(41,475)||(41,475)|
|Charitable
activities||||~562 707|169500|~732207)|
|Total expenditure||||604 182|169500|~773682|
|Net income/(expenditure)||||48 332|49500|~1168)|
|Net movement
in funds||||48 332|49500|1 168|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||328 598|139500|468 098|
|Total funds carried|forward||15|376,930|90,000|466,930|
##
||||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|
##
##
##
|Investment
in Stem Crew Ltd|||
|---|---|---|
||Unlisted|Investments|
||2021|2020|
||8||
|Cost|||
|At 1 January 2021 and 31 December 2021|1,000|1,000|
|Net book value|||
|At 31 December 2021,and 31 December 2020|1,000|1,000|
|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|
##
##
##
##
|Net ass|ets be|tween funds||||||
|---|---|---|---|---|---|---|---|
||||||||Total funds|
|||||Unrestricted|Restricted|31December||
|||||Funds|Funds||2021|
|Tangible|fixed|assets||4,446|||4,446|
|Investments||||1,000|||1,000|
|Current|assets|||455,932|190,000||645,932|
|Current|liabilities|||(~152560|||(152560)|
|||||308,818|190,000||498,818|
||||||||Totalfunds|
|Comparative||information:||Unrestricted|Restricted|31December||
|||||Funds|Funds||2020|
||||||8||6|
|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|
|18Financial instruments||||||||
||||||2021
6||2020f|
|Financial|assets at amortised||cost||639,498||483,909|
|Financial|liabilities at amortised||cost||~64 160||~30406|
|Net financial assets|||||575,338|.|453,503|
##
##
##
##
##
##
##
|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|