## 




## 

|||Page|
|---|---|---|
|Reference|and Administrative<br>Details||
|Report ofthe Trustees||2to4|
|Independent|Examiner's<br>Report||
|Statement|of Financial Activities||
|Statement|of Financial Position||
|Statement|ofCash Flow||
|Notes to the Financial Statements||Sto 14|
|Detailed Statement<br>ofFinancial Activities||15|





## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

|||||2020||2019|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|funds|
|||||fund|||
|||Notes|||||
|INCOME AND ENDOWMENTS||FROM|||||
|Donations<br>and legacies||||50,000|750,000||
|Charitable<br>activities||||78 833|||
|Total||||128,833|750,000||
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Maritime<br>history and heritage||||132227|735680||
|NET INCOME/(EXPENDITURE)||||(3,394)||14,320|
|RECONCIUATION<br>OF FUNDS|||||||
|Total funds brought forward||||64,452||50,132|
|TOTAL FUNDS CARRIED|FORWARD|||61 058||64 452|
|CONTINUING<br>OPERATIONS|||||||
|All income and expenditure|has|arisen from continuing|activities||||





## 

## 

||||Company<br>number. 09250669|Company<br>number. 09250669|
|---|---|---|---|---|
||||2020|2019|
||||Unrestricted|Unrestricted|
||||fund|fund|
|||Notes|E||
|CURRENT ASSETS|||||
|Cash at|bank||62,318|65,592|
|CREDITORS|||||
|Amounts|falling due within one year||(1,260)|(1,140)|
|NET CURRENT ASSETS/(LIABIUTIES)|||~61 058|~64 452|
|TOTAL|ASSETSLESSCURRENT UABIUTIES||61,058|64,452|
|NET ASSETSI(LIABILITIES)|||~61 058|~64 452|
|FUNDS||10|||
|Unrestricted<br>funds|||~61 058|~64 452|
|TOTAL|FUNDS||~61 058|~64 452|






## 

## 

|||||||2020|2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||Notes|K|||
|Cash flows from operating||activities:|||||||
|Cash generated|from operations||||12|~3274)||14,380|
|Net cash provided<br>by (used in) operating<br>activities||||||~3224||~14380|
|Change<br>in cash|and cash|equivalents|in the||||||
|reporting<br>period||||||(3,274)||14,380|
|Cash and cash|equivalents|at the beginning||of|||||
|the reporting<br>period||||||~65|592|51 212|
|Cash and cash|equivalents|at the end|ofthe||||||
|reporting<br>period||||||~62|318|65 592|
|ANALYSIS OF CHANGES||IN NET FUNDS|||||||
|||||||At 1/11/19|Cash flow|At 31/10/20|
|Net cash|||||||||
|Cash at bank||||||65,592|(3,274)|62,318|
|Total||||||~65592|~3274)|~62 318|





## 

## 

## 



## 

## 

## 

## 

## 



## 




## 

## 

## 

## 

## 

## 

|8.|COMPARATIVES F|OR TH|E ST|ATEMENT OF FINANCIAL ACTIVITIES (2|019)||
|---|---|---|---|---|---|---|
|||||||Unrestricted|
|||||||fundf|
||INCOME AND ENDOWMENTS|||FROM|||
||Donations<br>and legacies|||||750,000|
||Total|||||750,000|
||EXPENDITURE ON||||||
||Charitable<br>activities||||||
||Maritime<br>history and|heritage||||735666|
||Total|||||735,680|
||NET INCOME|||||14,320|
||RECONCIUATION|OF FUNDS|||||
||Total funds brought forward|||||50,132|
||TOTAL FUNDS CARRIED||FORWARD|||64452|
|9.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2020|2019|
||||||R|E|
||Other creditors||||~1260|1 140|





## 

## 

||||||||Net|||
|---|---|---|---|---|---|---|---|---|---|
||||||||movement<br>in|||
|||||||At 1/11/19|funds|At 31/10/20||
||||||||R|||
|Unrestricted||funds||||||||
|General|fund|||||64,452|(3,394)|61,058||
|TOTAL|FUNDS|||||~64 452|~3364|~61|058|
|Net movement||in funds, included|||in the above|are as follows:||||
|||||||Incoming|Resources|Movement|in|
|||||||resources|expended|funds||
|||||||6||R||
|Unrestricted||funds||||||||
|General|fund|||||128,833|(132,227)|(3,394)||
|TOTAL|FUNDS|||||128033|132227|3|394|
|Comparatives||for movement||in|funds|||||
||||||||Net|||
||||||||movement<br>in|||
|||||||At 1/11/18|funds|At 31/10/19||
|Unrestricted||Funds||||||||
|General|fund|||||50,132|14,320|64,452||
|TOTALFUNDS||||||~50 132|~14 320|~64|452|
|Comparative||net movement|in|funds, included||in the above are as follows:||||
|||||||Incoming|Resources|Movement|in|
|||||||resources<br>R|expended<br>f|funds<br>R||
|Unrestricted||funds||||||||
|General|fund|||||750,000|(735,680)|14,320||
|TOTAL|FUNDS|||||750 000|~735 680|14320||





## 

|12.|RECONCIUATION|RECONCIUATION|OF NET|INCOME TO|NET CASH FLOW|FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||Net income|for the|reporting|period (as|per the statement|offinancial|||
||activities)||||||(3,394)|14,320|
||Adjustments|for:|||||||
||increase<br>in|creditors|||||120|60|
||Net cash provided||by (used|in) operating|activities||3274|14380|