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2023-12-31-accounts

Legal and administrative
information
..
Foreword
Performance
Report. .„„„,
Statement ofTrustees'
responsibilities.
.
Statement of Financial Activities. .
Charity Balance Sheet..
Cash flow statement. .
Notes to the Financial Statements.

Charity number Charity number 1179537
Registered office I-IM Naval Base PP66
Portsmouth
Hampshire
PO13NH
Trustees Commodore
Phillip Waterhouse
Mr Leon Calverley —appointed 25'"July 2023
Ms Emma Collins —appointed 31October 2023
Mrs Trudy Grey —appointed 11~April 2023
Mr David McGinley —appointed 12'"April 2023
Dr Emma Roberts - appointed 25th July 2023
Mr Tim Schadla-Hall —resigned 9~ January 2023
Mr Paul Swindlehurst —appointed
9eJanuary 2024
Professor Dominic Tweddle
Accountants Compass Accountants Limited
Venture
House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

Forthe year ended 31December 2023
Unrestricted 2023 Unrestricted 2022
funds Tota I funds Total
Notes E E E
Income from:
Donations
and legacies
Total income
Expenditure
on:
Charitable
activities
Collections
and asset management
7,559 7,559 6,383 6,383
Total expenditure 7,559 7,559 6,383 6,383
Net income/(expenditure) P,559) P,559) (6,383) (6,383)
Transfers between
funds
Net movement
in funds
(7,559) (7,559) (6,383) (6,383)
Reconciliation
offunds:
Funds brought
forward
1,143,476 1,143,476 1,149,859 1,149,859
Total funds carried forward 1,135,917 1,135,917 1,149,859 1,149,859

2023 2022
Notes g 6
Fixed assets
Heritage assets 600,000 600,000
600,000 600,000
Current assets
Debtors 535,917 545,246
535,917 545,246
Creditors: amounts falling
due within one year (1,770)
Net current assets 535,917 543,476
Net assets 1,135,917 1,143,476
Funds
Unrestricted funds 1,135,917 1;143,476
Total funds 1,135,917 1,143,476

2023 2022
Cash flows from operating activities:
Net cash provided
by/(used
in) operating activities
Cash flows from investing activities:
Purchase of heritage assets
Cash and cash equivalents at 1January 2023
Cash and cash equivalents at 31December 2023
Net (expenditure)/income
for
the reporting period (7,559) (6,383)
Decrease/(increase)
in debtors
9,329 8,243
(Decrease)/increase
in creditors
(1,770) (1,860)
Net cash provided
by/(used
in) operating activities

Collections and asset management
Collections and
asset management 2023 2022
E E E
Storage costs 5,056 5,303 5,303
Governance costs 2,503 2,503 1,080
7,559 7,559 6,383
Governance costs
Collections and
asset management 2023 2022
E E E
Accountancy fees 1,500 1,500 1,080
Trustees travel expenses 1,003 1,003
2,503 2,503 3,053

Heritage assets
At cost Total
E
Cost
At 31December 2022 and 31December 2023 600,000 600,000
Net book values
At 31December 2022 and 31December 2023 600,000 600,000

The collection has be The collection has be en included
within
heritage asset a
dditions at the purchase
p
rice of E600,000.
Five-year summary 2023 2022 2021 2020 2019
E E E E E
Additions
Purchases 600,000
Donations
~Dis osals
6. Debtors
2023 2022
E E
Other debtors 535,917 545,246
7. Creditors: amounts falling due within one year
2023 2022
E E
Accruals 1,770
B. Analysis ofnet assets between funds
Tangible Net Current 2023
Fixed Assets Assets Total
E E E
Unrestricted funds 600,000 535,917 1,135,917
600,000 535,917 1,135,917
Tangible Net Current 2022
Fixed Assets Assets Total
E E E
Unrestricted funds 600,000 543,476 1,143,476
600,000 543,476 1,143,476