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|Legaland<br>administrative|Legaland<br>administrative|information||
|---|---|---|---|
|Foreword||||
|Performance|Report|||
|Statement of|Trustees'|responsibilities. .....||
|Independent|auditors'|report to the Trustees ofthe Mercantile|Marine Memorial Trust.....|
|Statement of|Financial|Activities. .||
|Charity Balance Sheet.||.||
|Cash flow statement. .||||
|Notes to the|Financial|Statements.||





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|Charity number|Charity number|1179537|||
|---|---|---|---|---|
|Registered|office|HM Naval Base PP66|||
|||Portsmouth|||
|||Hampshire<br>P013NH|||
|Trustees||Captain Josh Garner|||
|||Professor Dominic|Tweddle||
|||Tim Schadla-Hall|||
|||Alastair Chapman|- resigned 2" July 2021||
|Accountants|&auditors|Compass Accountants||Limited|
|||Venture<br>House|||
|||The Tanneries|||
|||East Street|||
|||Titchfield|||
|||Hampshire|||
|||PO14 4AR|||





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|Forthe year ended 31December 2020||||||
|---|---|---|---|---|---|
|||Unrestricted|2020|Unrestricted|2019|
|||funds|Total|funds|Total|
||Notes||E|E|f|
|Income from:||||||
|Donations<br>and legacies||||||
|Balance of LIBOR income from the National||||||
|Museum ofthe Royal Navy||||1,184,095|1,184,095|
|Total income||||1,184,095|1,184,095|
|Expenditure on:||||||
|Charitable<br>activities||||||
|Collections<br>and asset management||7,900|7,900|22,184|22,184|
|Total expenditure||7,900|7,900|22,184|22,184|
|Net income/(expenditure)||(7,900)|(7,900)|1,161,911|1,161,911|
|Transfers between funds||||||
|Net movement<br>in funds||(7,900)|(7,900)|1,161,911|1,161,911|
|Reconciliation offunds:||||||
|Funds brought forward||1,161,911|1,161,911|||
|Total funds carried forward||1,154,011|1,154,011|1,161,911|1,161,911|





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|as at 91De|cember|2020||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Notes|6|6|
|Fixed assets||||||
|Heritage assets||||600,000|600,000|
|||||600,000|600,000|
|Current assets||||||
|Debtors||||561,211|565,511|
|||||561,211|565,511|
|Creditors: amounts||falling||||
|due within|one year|||(7,200)|(3,600)|
|Net current|assets|||554,011|561,911|
|Net assets||||1,154,011|1,161,911|
|Funds||||||
|Unrestricted|funds|||1,1.54,011|1.,161,911|
|Total funds||||1,154,011|1,16'1,911|



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|||||2020|2019|
|---|---|---|---|---|---|
|Cash flows from operating|activities:|||||
|Net cash provided<br>by/(used|in) operating||activities||600,000|
|Cash flows from investing activities:||||||
|Purchase of heritage assets|||||(600,000)|
|Cash and cash equivalents|at 1January|2020||||
|Cash and cash equivalents|at 31December||2020|||
|Net income/(expenditure)<br>for|the reporting|period||(7,900)|1,161(911|
|(Increase)/decrease<br>in debtors||||4,300|(565,511)|
|Increase/(decrease)<br>in creditors||||3,600|3,600|
|Net cash provided<br>by/(used|in) operating||activities||600,000|





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|||||Collections and|||
|---|---|---|---|---|---|---|
|||||asset management|2020|2019|
|||||f|f||
|Storage costs||||3,908|3,908|9,102|
|Governance||and support costs||3,992|3,992|13,082|
|||||7,900|7,900|22,184|
|Governance||and support costs|||||
|||||Collections and|||
|||||asset management|2020|2019|
|||||f|f|f|
|Accountancy||fees||900|900|900|
|Auditor's|remuneration|||2,700|2,700|2,700|
|Legal and|professional||fees|392|392|8,951|
|Other costs||||||531|
|||||3,992|3,992|13,082|



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||Five-year summary||2020|2019|
|---|---|---|---|---|
||||6|6|
||Additions||||
||Purchases|||600,000|
||Donations||||
||~Dis osals||||
|6.|Debtors||||
||||2020|2019|
||||f|6|
||Other debtors||561,211|565,511|
||||561,211|565,511|
|7.|Creditors: amounts|falling due within one year|||
||||2020|2019|
||||f|6|
||Accruals||7,200|3,600|
||||7,200|3,600|





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|Analysis of|net assets between<br>funds||||
|---|---|---|---|---|
|||Tangible|Net Current|2020|
|||Fixed Assets|Assets|Total|
||||E|E|
|Unrestricted|funds|600,000|554,011|1,154,011|
|||600,000|554,011|1,154,011.|
|||Tangible|Net Current|2019|
|||Pined Assets|Assets|Total|
|||f|E|E|
|Unrestricted|funds|600,000|561,911|1,161,911|
|||600,000|561,911|1,161,911|



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