| Page | ||
|---|---|---|
| Legal and Administrative | Information | |
| Trustees Report | 2-4 | |
| Independent Examiners' |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8-13 |
| Company | Number | Number | 09138930 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | Charity | Number | 1158850 | ||||||
| Charity Contact Address | Cowes Castle | ||||||||
| The Parade | |||||||||
| Cowes | |||||||||
| Isle ofWight | |||||||||
| PO31 7QT | |||||||||
| Patron | HRH The Earl | ofWessex | |||||||
| Trustees | Mr Jeremy Bennett | ||||||||
| Mr Neil McGrigor | |||||||||
| The Honourable | Diana Nicholson | ||||||||
| Mrs Claire Oulton | |||||||||
| Commodore Richard |
Powell | OBE | |||||||
| The Honourable | Christopher | Sharpies | |||||||
| Colonel Carron | Snagge | ||||||||
| Mr James Stevens | |||||||||
| Bankers | Barclays Bank | ||||||||
| 102StJames Square | |||||||||
| Newport | |||||||||
| Isle ofWight | |||||||||
| PO30 1UP | |||||||||
| Solicitors | Blake Morgan | LLP | |||||||
| New Kings Court | |||||||||
| Tollgate, Chandlers | Ford | ||||||||
| Eastleigh, Hampshire |
|||||||||
| 80533LG | |||||||||
| Independent | Examiners | Moore (South) | LLP | ||||||
| and Accountants | 9St Johns Place | ||||||||
| Newport | |||||||||
| Isle ofWight | |||||||||
| PO30 1LH | |||||||||
| Investment | Managers | Sarasin & Partners |
|||||||
| COLA Investment | Service | ||||||||
| Governing | Instrument | Memorandum | and | Articles | ofAssociation | dated 21 July 2014 |
| period and until the date ofap |
proval were: |
|
|---|---|---|
| Mr James Attrill (resigned 20 | May 2021) | |
| Mr Jeremy Bennett (appointed | 1 October 2020) | |
| Mr Neil McGrigor | ||
| Commodore Peter Melson (resigned 30September 2020) |
||
| The Honourable Diana Nicholson (appointed |
1 October 2020) | |
| Mrs Claire Oulton | ||
| Commodore Richard Powell OBE (appointed |
1 October 2020) | |
| The Honourable Christopher |
Sharpies | |
| Mrs Susie Sheldon (resigned |
25 May 2021) | |
| Colonel Garron Snagge | ||
| Mr James Stevens |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | ||||
| FIXEDASSETS | ||||
| Investments | ~186028 | ~1 | ||
| CURRENT ASSETS | ||||
| Debtors | 7,450 | 5,488 | ||
| Cash at bank in hand |
66207 | 113113 | ||
| 73,657 | 118,601 | |||
| CREDITORS: AMOUNTS | FALLING DUE | |||
| WITHIN ONE YEAR | ~17814 | ~23934 | ||
| NET CURRENT ASSETS | 55843 | 94667 | ||
| TOTAL NET ASSETS | 1,916,126 | 1,581,439 | ||
| INCOME FUNDS: | ||||
| Unrestricted Funds |
1,916,126 | 1,581,439 |
| GRANTS | AND DONATIONS | AND DONATIONS | AND DONATIONS | AND DONATIONS | Total | Total | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 8 | |||||||
| Donations | from individuals | 45,890 | 76,879 | ||||
| Donations | from Charitable | Trusts | 11,000 | 49,500 | |||
| GIR Aid recoverable | 1 963 | 4513 | |||||
| 58,853 | 130,892 | ||||||
| COST OF | RAISING FUNDS | ||||||
| 2021 | 2020 | ||||||
| 8 | |||||||
| Fundraising | expenses | ||||||
| Event costs | 1.323 | ||||||
| Fundraising | support costs | 335 | 717 | ||||
| 1,658 | 717 | ||||||
| DIRECT CHARITABLE | EXPENDITURE | ||||||
| 2021 f |
2020 | ||||||
| Total paid | to | individuals | 15,877 | 15,614 | |||
| Total paid | to | registered | charities | 60,926 | 5,180 | ||
| Total paid | to | local projects | —ITequipment | in schools | 12498 | ||
| 89,301 | 20,794 | ||||||
| Support | |||||||
| Grant making | support costs | 385 | |||||
| Governance | |||||||
| Independent | examination | and accounting | 2,251 | 2,184 | |||
| Insurance | 1,029 | 261 | |||||
| Other costs | 35 | 108 | |||||
| 92,616 | 23,732 |
| ofchildren and young adults by promoting and supporti with a marine connection. |
ng training and career development opport |
unities |
|---|---|---|
| 2021 | 2020 | |
| Ofthe grants made: | 8 | 8 |
| Total number | 33 | 9 |
| Average value | 2,883 | 1,436 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Movement | on Investments | in the period was as follows: | |||
| Market value at 1 July 2020 | 1,486,772 | 1,276,115 | |||
| Additions Unrealised |
changes | in value of investments | 76,000 | 170,000 ~457 |
|
| Market value 31 December | 2021 | 1,860,283 | 1,486,772 | ||
| INVESTMENT PORTFOLIO | |||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Sarasin & |
Partners: | ||||
| Listed investments | 757,609 | 627,607 | |||
| Other | 89,518 | 73,325 | |||
| Cash and | cash equivalents | 33050 | 22457 | ||
| 880,177 | 723,389 | ||||
| CCLA - COIF charity | funds | 980106 | 763383 | ||
| 1,860,283 | 1,486,772 |
| 7. | DEBTORS | DEBTORS | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| K | ||||
| Gift Aid recoverable | 7450 | 5488 | ||
| 7,450 | 5,488 | |||
| 8. | CREDITORS | |||
| 2021 | 2020 | |||
| F | f | |||
| Education | grants payable | 15,564 | 21,744 | |
| Accruals | 2250 | 2 190 | ||
| 17,814 | 23,934 |