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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Trustees Report||2-4|
|Independent<br>Examiners'|Report||
|Statement<br>of Financial|Activities||
|Balance Sheet|||
|Notes to the Accounts||8-13|





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|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<br>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,<br>Hampshire||||||
|||||80533LG||||||
|Independent||Examiners||Moore (South)|LLP|||||
|and Accountants||||9St Johns Place||||||
|||||Newport||||||
|||||Isle ofWight||||||
|||||PO30 1LH||||||
|Investment||Managers||Sarasin<br>& Partners||||||
|||||COLA Investment||Service||||
|Governing||Instrument||Memorandum|and|Articles||ofAssociation|dated 21 July 2014|





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|period and<br>until the date ofap|proval<br>were:||
|---|---|---|
|Mr James Attrill (resigned 20|May 2021)||
|Mr Jeremy Bennett (appointed|1 October 2020)||
|Mr Neil McGrigor|||
|Commodore<br>Peter Melson (resigned 30September 2020)|||
|The Honourable<br>Diana Nicholson<br>(appointed||1 October 2020)|
|Mrs Claire Oulton|||
|Commodore<br>Richard<br>Powell OBE (appointed||1 October 2020)|
|The Honourable<br>Christopher|Sharpies||
|Mrs Susie Sheldon<br>(resigned|25 May 2021)||
|Colonel Garron Snagge|||
|Mr James Stevens|||



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||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|FIXEDASSETS|||||
|Investments|||~186028|~1|
|CURRENT ASSETS|||||
|Debtors|||7,450|5,488|
|Cash at bank<br>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<br>Funds|||1,916,126|1,581,439|





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|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<br>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<br>and young<br>adults<br>by promoting<br>and supporti<br>with a marine connection.|ng<br>training<br>and career development<br>opport|unities|
|---|---|---|
||2021|2020|
|Ofthe grants made:|8|8|
|Total number|33|9|
|Average value|2,883|1,436|





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|||||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<br>Unrealised|changes|in value of investments||76,000|170,000<br>~457|
|Market value 31 December|||2021|1,860,283|1,486,772|
|INVESTMENT PORTFOLIO||||||
|||||2021|2020|
|||||6|6|
|Sarasin<br>&|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|





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|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|



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