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|---|---|---|
|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|
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
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|
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||||
|---|---|---|---|
|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**(as**per the Statementof**||||
|**Financial**Activities)||(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|
|---|---|---|
##
##
|||~OTES**TO THE FINANCIAL STATEMENTS- continued**
**FOR THE YEAR ENDED 30 SEPTEMBER 2020**||||
|---|---|---|---|---|---|
||**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||||||
##
##
|**Plant**and
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|||||
|---|---|---|---|---|---|
||||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
**Restricted**funds
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)|
|---|---|---|