# 





## 

## 






|`NautilusWelfare`|`Fund`|||||||
|---|---|---|---|---|---|---|---|
|`TRUSTEE’SREPORT(continued)`||||||||
|`FORTHEYEARENDED`||`31DECEMBER2021`||||||
|||<br>`=,`|<br>|||||
|`REFERENCEAND`|`ADMINISTRATIONINFORMATION(continued)`|||||||
|`Members`|`of`|`the`<br>`Council`|`of`|`Nautilus`|`UJurgens`||`Chair`|
|`International`|`atBalanceSheetdate`||||`WVanHoboken`||`ViceChair`|
||||||`IMacKenzie`||`DeputyViceChair`|
||||||`AMDickinson`||`GeneralSecretary`|
||||||`SBelfitt`|`ELayfield— toApr21`||
||||||`JCameron`|`PLees`|`—toApr21`|
||||||`TCardy`|`MLeemhuis— fromApr21`||
||||||`CCaseman— fromApr21`|`MLloyd— toApr21`||
||||||`RCleland`|`PLok— fromApr21`||
||||||`ACorrie— toApr21`|`HLudwig`||
||||||`RDowns— toApr21`|`FMatthew`||
||||||`HEijkenaar`|`PMcMillen— toApr21`||
||||||`GFeikema`|`PMinter`||
||||||`GFisher— toApr21`|`GScartett— fromApr21`||
||||||`AGale`|`SScreamed-toApr21`||
||||||`MGraves`|`JTyson`||
||||||`NGroen`|`JvanderZee`||
||||||`SGudgeon`|`JWainman`||
||||||`WJackson`|`PWilson— fromApr21`||
||||||`BKhan— toApr21`|||
||||||`TLatter- fromApr21`|||
|`Secretaryto`|`theCouncilofNautilus`|||||||
|`International`|||||`AMDickinson(GeneralSecretary,NautilusInternational)`|||
|`Membersof`|`theNautilusWelfare`||`Fund`||`RC Thornton`||`Chair`|
|`CommitteeatBalanceSheetDate`|||||`JMcAuslan`||`TrusteeDirector`|
||||||`AMDickinson`||`GeneralSecretary`|
||||||||`FO'Neill`|
||||||`CHairsine- toAug21`||`MReeves`|
||||||`JHofton`||`AStewart`|
||||||`WJackson`||`JStone`|
||||||`NMartin`||`MWatts`|
||||||`FMatthew`||`LWhitehead`|
||||||`PMinter`||`WvanHoboken`|
||||||`DMorrison`|||
|<br>`Secretaryto`|<br>`theNautilusWelfareFund`||||<br>`OTunde`|||























# 


















# 






## 

## 

||||`2021`|||`2020`||
|---|---|---|---|---|---|---|---|
||`Notes`|`£`||`£`|`£`||`£`|
|`FIXEDASSETS`||||||||
|`Tangibleassets`<br>`Investments`||||`14,869,982`<br>`9,369,441`|||`15,227,198`<br>`8,379,376`|
|`CURRENTASSETS`||||`24,239,423`|||`23,606,574`|
|`Debtors`<br>`Cashatbankandinhand`||`54,542`<br>`856,625`|||`114,077`<br>`791,319`|||
|`CREDITORS:amountsfallingdue`||`911,167`|||`905,396`|||
|`withinoneyear`||`(294,015)`|||`(421,914)`|||
|`NETCURRENTASSETS`||||`617,152`|||`4,83,482`|
|`NETASSETS`||||`24,856,575`|||`24,090,056`|
|`Representedby:`||||||||
|`Unrestrictedfunds`<br>`Restrictedfunds`|`10`<br>`10`|||`24,851,575`|||`24,085,056`|
|`Endowment`|`10`|||`5,000`|||`5,000`|
|||||`24,856,575`|||`24,090,056`|






## 

|||`2021`|||`2020`||
|---|---|---|---|---|---|---|
||`£`||`£`|`£`||`£`|
|`Netcashprovidedbyoperatingactivities`|||`(149,659)`|||`(55,098)`|
|`Cashflowsfrominvestingactivities`|||||||
|`Investmentincome`|`173,633`|||`157,903`|||
|`Paymenttoacquiretangiblefixedassets`|`(9,045)`|||`(63,218)`|||
|`Paymentstoacquireinvestments`|`(836,781)`|||`(2,956,414)`|||
|`Proceedsfromsalesofinvestments`|`1,020,402`|||`2,457,969`|||
|`Decrease/(increase)ininvestmentcashbalances`|`(133,243)`|||`547,960`|||
||||`214,966`||||
|`Increase/(Decrease)incashfortheyear`|||`65,307`|||`89,102`|
|`RECONCILIATIONOFNETEXPENDITURETO`||||`2021`||`2020`|
|`NETCASHUSEDINOPERATINGACTIVITIES`||||`€£`||`£`|
|`Netincome`||||`766,519`||`(603,892)`|
|`Depreciation`||||`366,261`||`365,415`|
|`Investmentincome`||||`(173,633)`||`(157,903)`|
|`Deduct:Netinvestment(gains)`||||`(1,040,442)`||`267,884`|
|`Decreaseindebtors`||||`59,535`||`43,738`|
|`(Decrease)increditors`||||`(127,899)`||`29,660`|
|`Netcashusedinoperatingactivities`||||<br> <br>`(149,659)`|<br> <br>|<br> <br>`(55,098)`|
|`ANALYSISOFNETDEBT`|||||||
||||`At`|||`At`|
|||`31`|`December`|||`31December`|
||||`2020`|`Cashflow`||`2021`|
||||`£`|`£`||`£`|
|`Cashatbankandinhand`||<br>|`791,318`<br> <br>|`65,307`<br> <br> <br>|<br> <br>|`856,625`<br> <br> <br>|





# 












##