| Page | ||
|---|---|---|
| ReferenceandAdministrativeDetails | ||
| ReportoftheTrustees | 2 | to3 |
| IndependentExaminer'sReport | 4 | |
| StatementofFinancial Activities | 5 | |
| Balance Sbeet | 6 | to 7 |
| Cash FlowStatement | 8 | |
| Notes totbeCasbFlowStatement | 9 | |
| Notes totbeFinancial Statements | 10 | to19 |
| DetailedStatementofFinancial Activities | 20 | to21 |
Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Charitable Activities Other trading activities 3 ]nvestmentincome 4 Other income Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Charitable Activities Total NET INCOME/(EXPENDITURE) Transfers between funds 18 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTALFUNDSCARRIEDFORWARD |
Unrestricted funds £ 139,268 41,000 23,621 58 87,519 291,466 7,727 414,320 422,047 (130,581) 35,214 (95,367) 351,664 256,297 |
Restricted funds £ 71,250 71,250 48,091 48,091 23,159 (35,214) (12,055) 38,176 26,121 |
2020 Total funds £ 139,268 112,250 23,621 58 87,519 362,716 7,727 462,411 470,138 (107,422) (l07,422) 389,840 282,418 |
2019 Total funds £ 179,957 276,614 158,946 94 615,611 69,046 591,979 661,025 (45,414) (45,414) 435,254 389,840 |
|---|---|---|---|---|
| BALANCESHEET 30SEPTEMBER2020 |
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|---|---|---|---|
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 14 165,520 CURRENT ASSETS Stocks 15 Debtors 16 40,706 Cash at bank and in hand 52,815 26,121 93,521 26,121 CREDITORS Amounts falling due within one year 17 (2,744) NETCURRENTASSETS 90,777 26,121 TOTAL ASSETS LESSCURRENT LIABILITIES 256,297 26,121 NET ASSETS 256,297 26,121 FUNDS 18 Unrestricted funds: General fund The SpiritofFalmouth fixed asset reserve Tudora fixed asset reserve Restricted funds TOTALFUNDS |
2020 Total funds £ 165,520 40,706 78,936 119,642 (2,744) 116,898 282,418 282,418 137,352 70,000 48,945 256,297 26,121 282,418 |
2019 Total funds £ 196,736 15,070 25,686 156,088 196,844 (3,740) 193,104 389,840 389,840 211,664 140,000 351,664 38,176 389,840 |
|
| Cash Dows from operating activities Cash generated from operations Notes Net cash (used in)lprovided by operating activities Cash Dows from investing activities Purchaseoftangible fixed assets Saleoftangible fixed assets Interestreceived Netcash (used in)/provided by investing activities Change in casb and cash equivalents in tbe reporting period Cash and cash equivalentsattbe beginningoftbe reporting period Cash and casb equivalents at tbe endof the reporting period |
2020 £ (28,265) (28,265) (48,945) 58 (48,887) (77,152) 156,088 78,936 2019 £ 18,253 18,253 (3,771) 4,000 94 323 18,576 137,512 156,088 |
|---|---|
| ACTIVITIES | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Net expenditure for the reporting period(asper the Statementof | |||
| FinancialActivities) | (107,422) | (45,414) | |
| Adjustments for: | |||
| Depreciation charges | 80,161 | 80,594 | |
| Interestreceived | (58) | (94) | |
| Decrease/(increase) in stocks | 15,070 | (15,070) | |
| (Increase )/decrease in debtors | (15,020) | 2,310 | |
| Decreaseincreditors | (996) | (4,073) | |
| Net cash (used in)/provided by operations | (28,265) | 18,253 | |
| = | |||
| ANALYSISOFCHANGES INNETFUNDS | |||
| At_1110/19_ | Cash flow | At_3019/20_ | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 156,088 | (77,152) | 78,936 |
| 156,088 | (77,152) | 78,936 | |
| Total | 156,088 | (77,152) | 78,936 |
| Donations Gift aid 3. OTHER TRADING ACTIVITIES Merchandise sales Other fundraising 4. INVESTMENT INCOME Depositaccountinterest 5. INCOME FROM CHARITABLE ACTIVITIES Grants Grants received, included in the above, are as follows: Help for Heroes ABF The Soldiers Charity Poppy Factory 29th May1961Trust Queen Mary's Roehampton Golden Bottle Trust Lest We Forget Association The Royal Marines Charity Royal Naval and Royal Marines Charity The Joan Braithwaite Trust RAF Benevolent Fund VeteransAssociation BFBS Big Salute Garfield Weston Endeavour Fund Team Ethos Scott (Eredine) Charitable Trust Peoples' Postcode Lottery The Albert Hunt Trust Robert Clutterbuck Trust Carried forward |
2020 £ 131,648 7,620 139,268 2020 £ 278 23,343 23,621 2020 £ 58 ~ 2020 Charitable Activities £ 112,250 |
2019 £ 177,078 2,879 179,957 2019 £ 977 157,969 158,946 2019 £ 94 ~ 2019 Total activities £ 276,614 2019 £ 20,075 20,000 975 3,000 5,000 20,000 42,000 5,547 20,000 10,000 2,517 10,000 25,000 28,000 10,000 1,500 18,000 2,000 1,500 245,114 |
|---|---|---|
| 2020 £ 10,000 15,000 12,500 10,000 1,500 49,000 |
| 6. 7, Brought forward Princess Mary's Royal PMS Trust Cotton Trust Armed Forces Covenant Fund Trust Little Britain Challenge Cup RY A Foundation Grant Headley Court Charity RAISING FUNDS Raising donations and legacies Fundraising costs Other trading activities Purchases Aggregate amounts CHARITABLE ACTIVITIES COSTS Charitable Activities Direct Costs (see note 8) £ 334,788 2020 £ 49,000 33,250 2,000 3,000 25,000 112,250 2020 £ 7,274 ~ 2020 £ 453 - 7,727 ~ Support costs (see note 9) £ 127,623 |
2019 £ 245,114 1,500 30,000 276,614 2019 £ 68,712 ~ 2019 £ 334 - 69,046 - Totals £ 462,411 |
|---|---|
| 9. 10. Staff costs Vessel costs Course expenses Consultancy fees Returnofgrant SUPPORT COSTS Management £ Charitable Activities 127,569 NET INCOME/(EXPENDITURE) Net income/(expenditure)isstated after charging/(crediting): Depreciation- owned assets |
2020 2019 £ £ 233.169 280,675 83,922 123,891 17,697 24,762 8,237 7,200 334,788 444,765 Finance Totals £ £ 54 127,623 2020 2019 £ £ 80,161 80,594 ~~ |
|---|---|
| Wages Social security Pensions Average numberofemployees |
2020 £ 221,006 10,349 1,814 223,169 2020 15 |
2019 £ 260,664 16,548 3,463 280,675 2019 15 |
|---|---|---|
| ~OTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
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|---|---|---|---|---|---|
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| 1 I |
funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 179,433 |
funds £ 524 |
funds £ 179,957 |
||
| Charitable activities | |||||
| Charitable Activities 202,139 |
74,475 | 276,614 | |||
| 1 | Other trading acli vities 158,946 |
158,946 | |||
| Investmentincome ~~94~~ |
~~94~~ | ||||
| Total 540,612 |
74,999 | 615,611 | |||
| EXPENDITURE ON | |||||
| Raising funds 69,046 |
69,046 | ||||
| Charitable activities | |||||
| Charitable Activities 526,099 |
65,880 | 591,979 | |||
| Total 595,145 |
65,880 | 661,025 | |||
| NET INCOME/(EXPENDITURE) (54,533) |
9,119 | (45,414) | |||
| Transfers between funds 19,575 |
{19,575) | ||||
| Net movementinfunds (34,958) |
(10,456) | (45,414) | |||
| RECONCILIATIONOFFUNDS | |||||
| Total funds brought forward 386,623 |
48,631 | 435,254 | |||
| TOTAL FUNDS CARRIED FORWARD 351,665 |
38,175 | 389,840 | |||
| I |
| Plantand Vessels machinery £ £ COST At 1 October 2019 420,000 21,462 Additions 48,945 At 30 September 2020 468,945 21,462 DEPRECIATION At 1 October 2019 235,917 11,863 Charge for year 77,000 2,400 At 30 September 2020 312,917 14,263 NET BOOK VALUE At 30 September 2020 156,028 7,199 At 30 September 2019 184,083 9,599 15. STOCKS Work-in-progress 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses |
Fixtures and fittings £ 5,956 5,956 2,902 761 3,663 2,293 3,054 2020 £ ~ 2020 £ 27,224 13,482 40,706 ~ 2020 £ 2,744 = |
Totals £ 447,418 48,945 496,363 250,682 80,161 330,843 165,520 196.736 2019 £ 15,070 ~ 2019 £ 18,290 7,396 25,686 = 2019 £ 3,740 ~ |
|
|---|---|---|---|
| 18. MOVEMENTINFUNDS |
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|---|---|---|---|---|---|
| Net | Transfers | ||||
| At | movement | between | At | ||
| 1/10119 | in funds | funds | 30/9/20 | ||
| £ | £ | £ | £ | ||
| Unrestrictedfunds | |||||
| General fund | 211,664 | (60,581) | (13,731) | 137,352 | |
| The SpiritofFalmouth fixed asset reserve | 140,000 | (70,000) | 70,000 | ||
| Tudorafixed asset reserve | 48,945 | 48,945 | |||
| 351,664 | (130,581) | 35,214 | 256,297 | ||
| Restrictedfunds | |||||
| Tudora Project | 25,692 | 9,522 | (35,214) | ||
| Racing salary grant | 12,484 | (12,484) | |||
| Long Way Up Challenge | 17,622 | 17,622 | |||
| Positive Pathways - Making the Right Turn | 8,499 | 8,499 | |||
| 38,176 | 23,159 | (35,214) | 26,121 | ||
| TOTALFUNDS | 389,840 | (107,422) | 282,418 | ||
| Netmovement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestrietedfunds | |||||
| General fund | 291,466 | (352,047) | (60,581) | ||
| The SpiritofFalmouth fixed asset reserve | (70,000) | (70,000) | |||
| 291,466 | (422,047) | (130,581) | |||
| Restrictedfunds | |||||
| Tudora Project | 10,000 | (478) | 9,522 | ||
| I | Racing salary grant Long Way Up Challenge Spirit Rigging Positive Pathways - Making the Right Turn |
25,000 3,000 33,250 |
(12,484) (7,378) (3,000) (24,751) |
(12,484) 17,622 8,499 |
|
| 71,250 | (48,091) | 23,159 | |||
| TOTALFUNDS | 362,716 | (470,138) | !107,422) |
| Comparatives for movement in funds | ||
|---|---|---|
| At 1110118 £ Unrestricted funds General fund 176,623 The SpiritofFalmouth fixed asset reserve 210,000 386,623 Restricted funds Help for Heroes 1,393 Float a Boat 26,775 Racing programme 20,463 Tudora Project Racing salary grant 48,631 TOTALFUNDS 435,254 Comparative net movement in funds, included in the above are as Unrestricted funds General fund The SpiritofFalmouth fixed asset reserve Restrictedfunds Help for Heroes Poppy Factory Float a Boat Racing programme Tudora Project Racing salary grant TOTALFUNDS |
Net movement in funds £ 15,466 (70,000) (54,534) (1,393) (7,200) (20,463) 25,692 12,484 |
Transfers between At funds 30/9/19 £ £ 19,575 211,664 140,000 19,575 351,664 (19,575) 25,692 12,484 |
| 9,120 (45,414) follows: Incoming resources £ 536,112 4,500 540,612 5,000 975 14,999 26,025 28,000 74,999 615,611 |
(19,575) 38,176 389,840 |
|
| Resources Movement expended infunds £ £ (520,646) 15,466 (74,500) (70,000) (595,146) (54,534) (6,393) (1,393) (975) (7,200) (7,200) (35,462) (20,463) (333) 25,692 (15,516) 12,484 (65,879) 9,120 (661,025) (45,414) |
| At 1110118 £ Unrestricted funds General fund 176.623 The SpiritofFalmouth fixed asset reserve 210,000 Tudora fixed asset reserve 386,623 Restricted funds Help for Heroes 1,393 Float a Boat 26,775 Racing programme 20,463 Tudora Project Long Way Up Challenge Positive Pathways - Making the Right Turn 48,631 TOTALFUNDS 435,254 |
Net Transfers movement between infunds funds £ £ (45,115) 5,844 (140,000) 48,945 (185,115) 54,789 (1,393) (7,200) (19,575) (20,463) 35,214 (35,214) 17,622 8,499 32,279 (54,789) (152,836) |
At 3019120 £ 137,352 70,000 48,945 256,297 17,622 8,499 26,121 282,418 |
|
|---|---|---|---|
| Unrestricted funds General fund The SpiritofFalmouth fixed asset reserve Restricted funds Help for Heroes Poppy Factory Float a Boat Racing programme Tudora Project Racing salary grant Long Way Up Challenge Spirit Rigging Positive Pathways - Making the Right Turn TOTALFUNDS |
Incoming resources £ 827,578 4,500 832,078 5,000 975 14,999 36,025 28,000 25,000 3,000 33,250 146,249 978,327 |
Resources Movement expended in funds £ £ (872,693) (45,115) (144,500) (140,000) (1,017,193) (185,115) (6,393) (1,393) (975) (7,200) (7,200) (35,462) (20,463) (811) 35,214 (28,000) (7,378) 17,622 (3,000) (24,751) 8,499 (113,970) 32,279 (1,131,163) (152,836) |
|---|---|---|
| INCOMEANDENDOWMENTS Donationsandlegacies Donations Gift aid Othertradingactivities Merchandise sales Other fundraising Investment income Deposit account interest Charitableactivities Grants Otherincome Furlough pay recovered Total incoming resources EXPENDITURE Raising donationsandlegacies Fundraising costs Othertradingactivities Purchases Charitableactivities Wages Social security Pensions Vessel costs Courseexpenses Consultancy fees Retumofgrant Supportcosts Management Rent and rates Insurance Light and heat Carried forward |
2020 £ 131,648 7,620 139,268 278 23,343 23,621 58 112,250 87,519 362,716 7,274 453 221,006 10,349 1,814 83,922 17,697 334,788 21,710 7,224 583 29,517 |
2019 £ 177,078 2,879 179,957 977 157,969 158,946 94 276,614 615,611 68,712 334 260,664 16,548 3,463 123,891 24,762 8,237 7,200 444,765 25,513 7,753 989 34,255 |
|---|---|---|
| Management Brought forward Telephone Postage and stationery Advertising Sundries Computer costs Motor and travelling expenses Accountancy Uniforms Vessel depreciation Plant and machinery depreciation Fixtures and fittings depreciation Finance Bank charges Total resources expended Netexpenditure |
2020 £ 29,517 1,349 984 525 3,706 1,379 5,738 3,132 1,078 77,000 2,400 761 127,569 54 470,138 ~I07,422) |
2019 £ 34,255 1,479 2,051 3,907 5,872 1,023 14,500 3,051 77,000 2,896 699 146,733 481 661,025 145,414) |
|---|---|---|