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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Trustees Report||2-4|
|Independent
Examiners'|Report||
|Statement 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 Duke of|Edinburgh||||
|Trustees||||Mr Duncan
Byatt|||||
|||||Mr Alexander
Charlton|||||
|||||Ms Patricia Kyle|||||
|||||Mr Neil McGrigor|||||
|||||The Honourable
Mrs||Diana|Nicholson||
|||||Commodore
Richard||Powell|OBE||
|||||The Honourable
Christopher|||Sharpies||
|||||Colonel Garron Snagge|||||
|||||Mr James Stevens|||||
|Bankers||||Lloyds Bank|||||
|||||22 StThomas' Square|||||
|||||Newport|||||
|||||Isle ofWight|||||
|||||PO30 1SQ|||||
|Solicitors||||Blake Morgan
LLP|||||
|||||New Kings Court|||||
|||||Tollgate, Chandlers||Ford|||
|||||Eastleigh,
Hampshire
$0533LG|||||
|Independent||Examiners||Moore (South) LLP|||||
|and Accountants||||9StJohns Place|||||
|||||Newport|||||
|||||Isle ofWight|||||
|||||PO30 1LH|||||
|Investment||Managers||Sarasin & Partners|||||
|||||CCLA Investment|Service||||
|Governing||Instrument||Memorandum
and|Articles||ofAssociation|dated 21 July 2014|
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|year and until the date ofap|proval were:|
|---|---|
|Mr Jeremy Bennett (resigned|01/01/2023)|
|Mr Duncan
Byatt (Appointed|01/01/2023)|
|Mr Alexander
Charlton
(Appointed
01/10/2022)||
|Ms Patricia Kyle (Appointed|25/11/2022)|
|Mr Neil McGrigor||
|The Honourable
Diana Nicholson||
|Mrs Claire Oulton (resigned|01/10/2022)|
|Commodore
Richard
Powell|OBE|
|The Honourable
Christopher|Sharpies|
|Colonel Carron Snagge||
|Mr James Stevens||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||Funds|Funds|
|||||Year to|18Month period to|
|||||31/12/2022|31/12/2021|
||||Notes|||
|INCOME||||||
|Donations
and legacies||||||
|Grants and donations||||134,919|58,853|
|Investment
income||||48517|72 597|
|TOTAL INCOME||||183,436|131,450|
|EXPENDITURE ON:||||||
|Costs ofraising funds|||||1,658|
|Charitable
activities||||50 109|92616|
|TOTAL EXPENDITURE||||50,109|94,274|
|Net incoming
resources for||the year||133,327|37,176|
|Net realised and unrealised||gains on|investments|228 430|297511|
|NET INCOME FOR|THE YEAR|||(95,103)|334,687|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||1,916,126|1,581,439|
|Total funds carried|forward|||1,821,023|1,916,126|
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|AT 31 DECEMBER 202|2||||
|---|---|---|---|---|
||||2022|2021|
|||Notes|||
|FIXEDASSETS|||||
|Investments|||1 761 853|1 860283|
|CURRENT ASSETS|||||
|Debtors|||7,970|7,450|
|Cash at bank
in hand|||71 157|66207|
||||79,127|73,657|
|CREDITORS: AMOUNTS|FALLING DUE||||
|WITHIN ONE YEAR||8|19 957|~17814|
|NET CURRENT ASSETS|||59170|55843|
|TOTAL NET ASSETS|||1,821,023|1,916,126|
|INCOME FUNDS:|||||
|Unrestricted
Funds|||1,821,023|1,916,126|
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|THE YEAR ENDED 31 DE|THE YEAR ENDED 31 DE|THE YEAR ENDED 31 DE|THE YEAR ENDED 31 DE|THE YEAR ENDED 31 DE|CEMBER|2022||||
|---|---|---|---|---|---|---|---|---|---|
|GRANTS AND DONATIONS||||||||Total|Total|
|||||||||Year to|Period to|
|||||||||31/12/2022|31/12/2021|
|||||||||8|E|
|Donations
from individuals||||||||125,550|45,890|
|Donations
from Charitable||||Trusts, yacht||clubs and other||9,369|11,000|
|Gift Aid recoverable|||||||||1 963|
|||||||||134,919|58,853|
|COST OF RAISING FUNDS||||||||||
|||||||||Year to|Period to|
|||||||||31/12/2022|31/12/2021|
|||||||||8||
|Fundraising||expenses||||||||
|Event costs|||||||||1,323|
|Fundraising|support costs||||||||335|
||||||||||1,658|
|DIRECT CHARITABLE|||EXPENDITURE|||||||
|||||||||Year to|Period to|
|||||||||31/12/2022|31/12/2021|
|||||||||F|E|
|Total paid to|individuals|||||||10,818|15,877|
|Total paid to|registered||charities|||||32,820|60,926|
|Total paid to|local projects|||—ITequipment||in schools|||12498|
|||||||||43,638|89,301|
|Support||||||||||
|Grant making||support costs||||||2,047||
|Governance||||||||||
|Independent|examination|||and accounting||||3,588|2,251|
|Insurance||||||||801|1,029|
|Other costs||||||||35|35|
|||||||||50,109|92,616|
|The purpose|ofgrants made||||to and on behalf of individuals||was to|advance the education
and development||
|ofchildren
and young adults|||||by promoting|and supporting|training|and career development
opportunities||
|with a marine||connection.||||||||
|||||||||2022|2021|
|Ofthe grants||made:||||||8|F|
|Total number||||||||19|33|
|Average value||||||||2,297|2,883|
|||||||11||||
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|||||2022|2021|
|---|---|---|---|---|---|
|||||E|6|
|Movement|on Investments||in the year was as follows:|||
|Market value at 1 January|||2022|1,860,283|1,486,772|
|Additions||||130,000|76,000|
|Unrealised|changes|in value of investments||~225 435|297 511|
|Market value 31 December|||2022|1,761,853|1,860,283|
|INVESTNIENT PORTFOLIO||||||
|||||2022|2021|
|||||E|F|
|Sarasin &|Partners:|||||
|Listed investments||||651,755|757,609|
|Other||||101,278|89,518|
|Cash and|cash equivalents|||17756|33050|
|||||770,789|880,177|
|CCLA - COIF charity||funds||991 064|980 106|
|||||1,761,853|1,860,283|
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|7.|DEBTORS|||
|---|---|---|---|
|||2022|2021|
|||8|8|
||Gift Aid recoverable|7,450|7,450|
||Grants refundable|520||
|||7,970|7,450|
|8.|CREDITORS|||
|||2022|2021|
|||8||
||Education grants payable|16,849|15,564|
||Accruals|3 108|2 250|
|||19,957|17,814|
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