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|||Page|
|---|---|---|
|Chairman's
Foreword|||
|Chief Executive's Introduction|||
|Report ofthe Trustees||3-16|
|Report ofthe Independent|Auditors|17 - 20|
|Statement ofFinancial Activities||21|
|Balance sheet||22|
|Cash Flow Statement||23|
|Notes tothe Financial Statements||24-40|
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
|||||Note|2022
5|2022
5|2022f|2021
5|
|Income from:|||||||||
|Donations,
legacies|and grants|||3|5,554|3,855,410|3,860,964|190,037|
|Investments||||4|247,894||247,894|220,516|
|Otherincome||||5|7,048||7,048|6,171|
|Total income|||||260,496|3,855,410|4,115,906|416,724|
|Expenditure
on:|||||||||
|Raising funds||||5|41,574||41,574|48,889|
|Charitable
activities:|||||||||
|Support services to Constituent|||||||||
|Members|||||101,986|2,719,848|2,821,834|432,467|
|Grants to support|the work||of||||||
|Constituent
Members|||||189,282||189,282|87,452|
|Grants unspent||||||||(2,500)|
|Support to promote welfare|||activities||592,427||592,427|579,292|
|Total expenditure|||||925,269|2,719,848|3,645,117|1,145,600|
|Net (expenditure)/income||before net|||||||
|(losses)/gains
on investments|||||(664,773)|1,135,562|470,789|(728,876)|
|Net gains
/ (losses)|on investments||||(1,128,842)||(1,128,842)|1,659,133|
|Transfers between
funds||||17|(92,600)|92,600|||
|Net movement
in funds|||||(1,886,215)|1,228,162|(658,053)|940,257|
|Reconciliation
offunds:|||||||||
|Total funds brought|forward||||15,277,871|179,036|15,456,907|14,516,650|
|Net movement
in funds|||||(1,886,215)|1,228,162|(658,053)|940,257|
|Total funds carried|forward||||13,391,656|1,407,198|14,798,854|15,456,907|
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|||FOR T|HE|YEAR ENDED 31 DECEMBER|2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||6|
|Cash flows from operating||activities|||||
|Net cash|used in operating|activities (note 20)|||71,894|(1,008,690)|
|Cash flows from investing||activities|||||
|Dividends|and interest from|investments|||247,894|220,516|
|Purchase|oftangible fixed assets||||(5,558)|(7,601)|
|Proceeds|from the sale of investments||||3,379,693|2,484,349|
|Purchase|ofinvestments||||(2,975,345)|(2,039,539)|
|Net cash|provided
by investing
activities||||646,684|657,725|
|Change|in cash and cash|equivalents|in|the year|718,578|(350,965)|
|Cash and|cash equivalents|at the beginning||ofthe year|358,915|709,880|
|Cash and cash equivalents||at the end|of|the year|1,077,493|358,915|
|The notes on pages 24 to 40 form part ofthese financial statements|||||||
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|Fixtures and fittings|- 10%on cost|
|---|---|
|Computer
equipment|- 33%on cost|
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
||5|5|8|5|
|Donations|5,554|1,560,000|1,565,554|4,554|
|Legacies||||27,392|
|Grants||2,295,410|2,295,410|158,091|
||5,554|3,855,410|3,860,964|190,037|
|Total 2021|31,946|158,091|190,037||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||6|E|6|
|Quoted|UK and Non-UK investments|245,371|245,371|220,516|
|UK Portfolio cash interest||2,523|2,523||
|||247,894|247,894|220,516|
|Total 2021||220,516|220,516||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||6||6|
||Rental ofcar park spaces|3,211|3211|3,312|
||Courses|2,618|2,618|2,863|
||Sundry income|1,219|1,219|(4)|
|||7,048|7,048|6,171|
||Total2021|6,171|6,171||
|6.|Raising Funds||||
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022f|2021
6|
|Portfolio management|fees|41,574|41,574|48,889|
|Total 2021||48,889|48,889||
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||||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|
||||||expenditure|expenditure|Total|Total|
||||||2022|2022|2022|2021|
||||||6|6|5|6|
|Vehicle Replacement||Fund||||128,088|'f28,088|152,460|
|MN Medal Fund||||||1,342|1,342|2,667|
|IPWP Programme||||||78,166|78,166|146,148|
|Ukrainian
Seafarers Emergency||||Comms||1,382,920|1,382,920||
|Recognition
ofCarers||||||8,284|8,284||
|ABP Humber
Levy||||||87,164|87,164|48,744|
|MNA Emergency|Support||Fund|||60|60|2,129|
|MiFi Project||||||19,250|19,250|20,844|
|DfT Seafarer Wellbeing||||||1,014,574|1,014,574||
|Caseworker costs|||||14,067||14,067|18,023|
|Training courses|||||25,151||25,151|24,657|
|Evaluation
studies|||||2,117||2117|1,000|
|Port welfare promotion|||||4,529||4,529|2,013|
|Merchant
Navy Fund||promotion||contribution|3,700||3,700||
|Seafarer Support|||||9,133||9,133|6,764|
|MNWB PR 8 Marketing|||||13,342||13,342||
|Annual Seafarers|Welfare||Conferences||29,020||29,020||
|Ambassadors|||||927||927|7,018|
||||||101,986|2,719,848|2,821,834|432,467|
|Grants to support|the|work|ofConstituent||||||
|Members|||||189,282||189,282|87,452|
|Grants unspent||||||||(2,500)|
||||||291,268|2,719,848|3,011,116|517,419|
|Total2021|||||144,427|372,992|517,419||
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||||Management|Governance|Total|Total|
|---|---|---|---|---|---|---|
||||2022
f|2022
f|2022
6|2021
E|
|Office running
costs|||27,569||27,569|15,947|
|Staff life assurance|and training||3,637||3,637|12,260|
|Subscriptions
and publications|||2,839||2,839|4,524|
|Other costs|||90,004||90,004|132,392|
|Head office costs||||21,025|21,025|27,153|
|Trustees' expenses||||4,173|4,173|546|
|Legal and Professional Fees||||2,193|2,193|4,194|
|Accountancy||||18,795|18,795|19,425|
|Auditors'
remuneration||||10,120|10,120|9,860|
|Wages and salaries|||307,232|22,776|330,008|288,302|
|National
insurance|||38,635||38,635|32,430|
|Pension cost|||42,651||42,651|40,511|
|Depreciation|||3,778||3,778|4,603|
||||516,345|79,082|595,427|592,147|
|IPWP Support - Administration||costs||||(10,001)|
|Mi-Fi Support - Administration||costs|(2,000)|||(2,000)|
|MN Medal Fund Support - Administration|||||||
|costs|||(1,000)|||(1,400)|
||||513,345|79,082|592,427|578,746|
|Total 2021|||494,940|83,806|578,746||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||6|6|5|
|Support|Costs|56,306|56,306|61,178|
|Wages|and salaries|22,776|22,776|22,628|
|||79,082|79,082|83,806|
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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F|6|
|Depreciation
oftangible|||fixed assets:|owned|by the|charity||3,778|4,603|
|Auditors'|remuneration|-|audit|||||9,020|7,680|
|Auditors'|remuneration|-|other services|||||2,500|2,180|
|During the year, no Trustees received||||any remuneration|||(2020 - ENIL)|||
|During the year, no Trustees received||||any benefits||in kind (2020 - ANIL).||||
|During|the year, Trustee||expenses|were paid to||five|(2021 - one) Trustee|amounting
to 6573 (2021:||
|6546).||||||||||
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||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||6|5|
|Wages and salaries||||||||||330,008||288,302|
|Social security costs|||||||||||38,635|32,430|
|Contribution|to defined|contribution||pension schemes|||||||42,651|40,511|
|||||||||||411,294||361,243|
|The average|number ofpersons employed||||by the charity||during the year was|||as follows:|||
||||||||||||2022|2021|
||||||||||||No.|No.|
|The
number
f60,000was:|of employees||whose|employee||benefits|(excluding||employer|pension
costs)||exceeded|
||||||||||||2022|2021|
||||||||||||No.|No.|
|In the band 670,001 -||680,000|||||||||||
|The key management
F163,574).||personnel||of the charity||recieved||aggregate|remuneration||of F169,134 (2021:||
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|||Fixtures and|Computer||
|---|---|---|---|---|
|||fittings
f|equipment
6|Total
6|
||Cost orvaluation||||
||At 1 January 2022|14,952|49,006|63,958|
||Additions||5,558|5,558|
||At 31 December 2022|14,952|54,564|69,516|
||Depreciation||||
||At 1 January 2022|14,952|43,939|58,891|
||Charge for the year||3,778|3,778|
||At 31 December 2022|14,952|47,717|62,669|
||Net book value||||
||At 31 December 2022||6,847|6,847|
||At 31December 2021||5,067|5,067|
|13.|Fixed asset investments||||
||||UK Porffolio||
|||Listed|cash||
|||securities|investments|Total|
|||5|E|E|
||Cost or valuation||||
||At 1 January 2022|14,913,632|267,171|15,180,803|
||Additions|2,975,345||2,975,345|
||Disposals|(3,220,487)|(159,206)|(3,379,693)|
||Revaluations|(1,128,842)||(1,128,842)|
||At 31December 2022|13,539,648|107,965|13,647,613|
||Net book value||||
||At 31 December 2022|13,539,648|107,965|13,647,613|
||At 31 December 2021|14,913,632|267,171|15,180,803|
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||Investments|at mark|et value com|prise:|||
|---|---|---|---|---|---|---|
||||||2022f|2021
6|
||Listed securities||||13,539,648|14,913,631|
||Cash and settlements||pending||107,965|267,171|
||Total Market|value|||'I3,647,613|15,180,802|
||Historical cost of listed securities|||held|||
||||||2022f|2021
F|
||Historical cost||||11,852,202|11,875,450|
|14.|Stocks||||||
||||||2022|2021|
||||||6|E|
||SIM cards||||182,640||
|15.|Debtors||||||
||||||2022|2021|
||||||6|E|
||Other debtors||||16,240|26,978|
||Prepayments|and accrued income|||29,851|20,798|
||||||46,091|47,776|
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|||2022|2021|
|---|---|---|---|
|||6|5|
|Trade creditors||30,601|9,122|
|Grants payable||65,220|83,207|
|Other taxation and social security||11,978|7,714|
|Other creditors||780|564|
|Accruals and deferred|income|53,251|35,046|
|||161,830|135,653|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||31|
|||January|||Transfers|Gains/|December|
|||2022
5|Income
5|Expenditure
f|in/out
E|(Losses)
5|2022
E|
|Unrestricted||||||||
|funds||||||||
|Unrestricted||||||||
|funds||15,277,871|260,496|(925,269)|(92,600)|(1,128,842)|13,391,656|
|Restricted||||||||
|funds||||||||
|Vehicle||||||||
|Replacement||||||||
|Programme||79,775|93,053|(128,089)|39,000||83,739|
|MN Medal Fund||'I,142|1,693|(1,342)|100||1,593|
|IPWP||||||||
|Programme||69,117||(78,166)|40,000||30,951|
|MiFi Project||28,942|4,500|(19,250)|9,000||23,192|
|ABP Humber||||||||
|Levy|||87,164|(87,164)||||
|MNA Emergency||||||||
|Support
Fund||60||(60)||||
|Ukrainian||||||||
|Seafarers||||||||
|Emergency||||||||
|Comms|||5,000|(5,559)|||(559)|
|Ukrainian
SIM||||||||
|Cards|||1,560,000|(1,377,360)|||182,640|
|DfT Seafarer||||||||
|We8being|||2,100,000|(1,014,574)|||1,085,426|
|Recognition|of|||||||
|Carers|||4,000|(8,284)|4,500||216|
|Total Restricted||||||||
|funds||179,036|3,855,410|(2,719,848)|92,600||1,407,198|
|Total offunds||'f5,456,907|4,115,906|(3,645,117)||(1,128,842)|14,798,854|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2021
6|Income
5|Expenditure
6|in/(out)|(Losses)f|2021|
|Unrestricted|||||||
|funds|||||||
|Unrestricted|||||||
|funds|14,158,313|258,633|(772,608)|(35,600)|1,669,133|15,277,871|
|Restricted|||||||
|funds|||||||
|Vehicle|||||||
|Replacement|||||||
|Programme|232,235||(152,460)|||79,775|
|MN Medal Fund|3,809|1,400|(2,667)|(1,400)||1,142|
|IPWP|||||||
|Programme|100,507|84,758|(146,148)|30,000||69,117|
|MiFi Project|21,786|21,000|(20,844)|7,000||28,942|
|ABP Humber|||||||
|Levy||48,744|(48,744)||||
|MNA Emergency|||||||
|Support Fund||2,189|(2,129)|||60|
|Total Restricted|||||||
|funds|358,337|158,091|(372,992)|35,600||179,036|
|Total offunds|14,516,650|416,724|(1,145,600)||1,669,133|15,456,907|
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|Analysis ofnet assets between funds - current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||E|E|E|
|Tangible fixed assets|6,847||6,847|
|Fixed asset investments|13,647,613||13,64?,613|
|Current assets|(100,974)|1,407,198|1,306,224|
|Creditors due within one year|(161,830)||(161,830)|
|Total|13,391,656|1,407,198|14,798,854|
|Analysis ofnet assets between funds - prior year||||
||Unrestncted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||E|E|E|
|Tangible fixed assets|5,067||5,067|
|Fixed asset investments|15,180,802||15,180,802|
|Current assets|227,655|179,036|406,691|
|Creditors due within one year|(135,653)||(135,653)|
|Total|15,277,871|179,036|15,456,907|
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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||5|5|
|Net
income/expenditure
for|the|year|(as||per|Statement|of|Financial|||
|Activities)|||||||||(658,053)|940,257|
|Adjustments
for:|||||||||||
|Depreciation
charges|||||||||3,778|4,603|
|Gain/loss
on investments|||||||||1,128,842|(1,669,133)|
|Dividends
and interest from investments|||||||||(247,894)|(220,516)|
|Decrease/(increase)
in stocks|||||||||(182,640)||
|Decrease
in debtors|||||||||1,685|12,997|
|Increase/(decrease)
in creditors|||||||||26,176|(76,898)|
|Net cash provided
by/(used|in) operating|||activities|||||71,894|(1,008,690)|
|Analysis ofcash and cash equivalents|||||||||||
||||2022|2021|
|---|---|---|---|---|
||||F|F|
|Cash|in hand||1,077,493|358,915|
|Total|cash and cash equivalents||1,077,493|358,915|
|||At 1||At 31|
|||January||December|
|||2022|Cash flows|2022|
|||5|6|6|
|Cash|at bank and in hand|358,915|718,578|1,077,493|
|||358,915|718,578|1,077,493|
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|cancellable|o|perating
leases as follows:|||
|---|---|---|---|---|
||||2022|2021|
||||5|6|
|Not later than||1 year|31,665|31,665|
|Laier than|1 year and not later than 5years||113,081|116,746|
|Later than|5 years||81,667|109,667|
||||226,413|258,078|
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