## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |io split at t|he year end p|osition can be seen|as:| |---|---|---|---| |||31.03.2022|Benchmark| |UK equity||18.59o|37.5%| |Overseas equity||38.1%|30.09o| |Fixed interest||16.7Yo|17.5%| |Alternative|investment|24.1%|5.09o| |UK property||O.OYo|S.OYo| |Cash||2.6%|S.OYo| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Note|Un-restricted|Restricted|Designated|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Funds|Funds|Funds|2022|2021| ||||||6|E|6|E| |Income and endowments||from:||||||| |Donations
and legacies||||243,885|451,070||694,955|843,418| |Activities for generating|funds|||124,876|||124,876|35,997| |Investments||||42,847|||42,847|77,215| |Total||||411,608|451,070||862,678|956,631| |Expenditure
on:||||||||| |Raising funds||||||||| |Fundraising
and other costs||||129,813|||129,813|92,618| |Investment
management||costs||17,265|||17,265|15,678| |Charitable
activities||||||||| |Direct costs||||174,133|467,727|46,228|688,088|866,257| |Support costs||||13,678|||13,678|14,400| |Governance
costs||||||||| |Direct costs||||4,200|||4,200|3,926| |Support costs||||11,724|||11,724|12,343| |Total resources expended||||350,813|467,727|46,228|864,768|1,005,221| |Operating
income/(expenditure)||||60,796|(16,657)|(46,228)|(2,089)|(48,591)| |Gain/(loss)
revaluation
of investment||||85,590|||85590|334424| |Net income/(expenditure)||||146,386|(16,657)|(46,228)|83,501|285,833| |Other recognised gains/losses||||||||| |Gain on disposal offixed|assets|||42,796|||42,796|| |Net movement
in funds||||189,812|(16,657)|(46,228)|126,297|285,833| |Reconciliation
offunds||||||||| |Funds balances b/f at 1st||April 2021||2,042,812|177,703|405,214|2,625,729|2,339,896| |Fund balances c/f at 31stMarch 2022||||2,231,994|161,046|358,986|2,752,026|2,625,729| |||Note|Un-restricted|Restricted|Designated|Total|Totai| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds|2021|2020| |||||E|E|E|| |Income and endowments|from:||||||| |Donations
and legacies|||223,855|619,563||843,418|519,230| |Activities for generating|funds||35,997|||35,997|117,797| |Investments|||77,215|||77,215|78,000| |Total|||337,068|619,563||956,631|715,026| |Expenditure
on:|||||||| |Raising funds|||||||| |Fundraising
and other costs|||92,618|||92,618|127,805| |Investment
management|costs||15,678|||15,678|16,913| |Charitable
activities|||||||| |Direct costs|||163,833|645,248|57,176|866,257|686,568| |Supportcosts|||14,400|||14,400|19,429| |Governance
costs|||||||| |Direct costs|||3,926|||3,926|3,626| |Support costs|||12,343|||12,343|16,652| |Total resources expended|||302,797|645,248|57,176|1,005,221|870,992| |Operating
income/(expenditure)|||34,270|(25,685)|(57,176)|(48,591)|(155,965)| |Transfer to designated
funds|||||||| |Gain/(loss)
revaluation
ofinvestment|||334,424|||334,424|(237,439)| |Net income/(expenditure)|||(368,694)|(25,685)|(57,176)|285,833|(393,404)| |Other recognised gains/losses|||||||| |Gain on disposal offixed assets|||||||| |Net movement
in funds|||(368,694)|(25,685)|(57,176)|285,833|(393,404)| |Reconciliation offunds|||||||| |Funds balances b/f at 1st April 2020|||1,674,118|203,388|462,390|2,339,896|2,733,300| |Fund balances c/f at31stMarch 2021|||2,042,812|177,703|405,214|2,625,729|2,339,896| ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Note|6|||| |Fixed assets|||||||| |Tangible assets|||12||146,507||201,397| |Investments|||13||2,439,446||2,371,121| ||||||2,585,953||2,572,518| |Current assets|||||||| |Debtors|||14|164,741||210,030|| |Cash at bank and in||hand||107,401||35,321|| |||||272,142||245,351|| |Creditors: amounts||falling due|||||| |within one|year||||||| |Creditors|||15|106,069||192,140|| |Net current|assets||||166,072||53,210| |Net assets|||||2,752,025||2,625,729| |Funds ofthe charity|||||||| |Restricted funds|||19||161,046||177,703| |Unrestricted|funds||20||2,231,994||2,042,812| |Designated|funds||||358,986||405,214| ||||||2 752 026||2,625,729| ## ||||||2022|2021|Note| |---|---|---|---|---|---|---|---| |Cash flows from operating
activities'.|||||125,728|(199,096)|Table A| |Cashflows from investing
activities:|||||||| |Dividends|from investments||||42,847|77,215|| |Proceeds|from the sale ofproperty,|plant|&equipment||48,806||| |Payments|to acquire investments||||||| |Purchase|ofproperty,
plant and equipment|||||(40,562)|| |Net cash|provided
by/(used
in) investing||activities||91,653|36,653|| |Change
in|cash and cash equivalents|in the reporting||period|217,381|(162,442)|| |Cash and|cash equivalents
atthe start ofthe reporting|||period|(109,980)|52,462|Table 8| |Cash and cash equivalents
at the end||ofthe reporting||period|107,401|(109,980)|| ||||||2022|2021| |---|---|---|---|---|---|---| ||||||6|6| |Net income/(expenditure)
forthe
(as per the statement
offinancial||reporting
activities)||period|126,297|285,833| |Adjustments
for:||||||| |Depreciation
charges|||||48,881|49,235| |Profit on sale offixed assets|||||(42,796)|| |(Gains)/losses
on|investments||||(68,329)|(318,686)| |Dividends,
interest|and rents from|investments|||(42,847)|(77,215)| |Increase/(decrease)|in debtors||||45,289|(124,494)| |Increase/(decrease)|in creditors||||59,233|(13,769)| |Net cash provided|by/(used
in) operating||activities||125,728|(199,096)| ||||2022|2021| |---|---|---|---|---| |Cash in hand|||107,401|35,321| |Overdraft|facility repayable|on demand||(145,301)| |Total cash|and cash equivalents||107,401|(109,980)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Un-restricted|Restricted|2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||6|| |3). Donations||and legacies||||||| |Seafarers
UK||||||70,000|70,000|115,000| |Trinity House||||||65,935|65,935|148,200| |Royal Navy|Royal Marines Charity|||||239,000|239,000|253,450| |Armed Forces Covenant||||Fund||||55,000| |Merchant|Navy Welfare|||Board||5,730|5,730|33,502| |Fishermen's||Mission||||30,360|30,360|| |200 Business||Club||||25,585|25,585|17,913| |Covenants,|donations||and trusts||40,516|14,460|54,976|69,286| |Legacies|||||203,370||203,370|151,067| |Total|||||243,885|451,070|694,955|843,418| |2021|||||223,855|619,563||| ||||||Un-restricted|Restricted|2022|2021| |4).Charitable||activities||||||| |Fundraising:||||||||| |Specialevents|||||123,487||123,487|35,822| |Continuous|activities||||1,389||1,389|175| |Total|||||124,876||124,876|35,997| |2021|||||35,997|||| ||||||Un-restricted|Restricted|2021|2020| ||||||6|6|6|6| |5).Investments||||||||| |Absolute
return
income|||||42,847||42,847|77,215| |Total|||||42,847||42,847|77,215| |2021|||||77,215|||| |6).Total resources expended
Costs directly allocated to activities|6).Total resources expended
Costs directly allocated to activities|6).Total resources expended
Costs directly allocated to activities|6).Total resources expended
Costs directly allocated to activities|assis of
allocation|Fundraising|Reliefto
Seafarers'|Governance|2022
6|2021| |---|---|---|---|---|---|---|---|---|---| |||||||Families|||| |Grant relief|||||||||| |Monthly||grants to families||Direct||243,388||243,388|275,787| |||Clothing|grants|||63,485||63,485|69,313| |||Christmas|grants|Direct|||||| |||Special|grants|||107,077||107,077|286,785| |||Home computers||Direct||12,819||12,819|15,095| |Family holiday|scheme||||||||| |||Holiday grants||||9,560||9,560|| ||Caravan
running||costs|Direct||98,153||98,153|85,989| |Salaries and redundancy||||Direct|72,570|131,065||203,635|193,274| |Administration|and|event costs||Direct|43,566|22,541|4,200|70,307|22,158| |Sub total|||||116,136|688,088|4,200|808,423|948,401| |Support costs allocated to activities|||||||||| |Basisofallocation||||||33%|30IS||| |General offfce and finance||||Stafftime|13,678|13,678|11,724|39,079|41,142| |Total|||||13,678|13,678|11,724|39,079|41,142| |Investment
management
fees||||||||17,265|15,678| |||||||||864,768|1,005,221| ## ||||2022|2021| |---|---|---|---|---| ||||Number|Number| |Fundraising|||1.7|1.5| |Relief for seafarers'|families||3.8|| |Administration|||0.3|0.3| |Total|||5.8|5.6| |Actual average monthly||number ofstaff|7.0|7.0| ## ||2022|2021| |---|---|---| |Wages and salaries|204,454|194,063| |Social security|13,650|13,271| |Pension costs|10,217|9,957| |Total|228,322|217,291| ## ## ## ||2022|2021|| |---|---|---|---| |Bank overdraft|(562)|(889)|| |12).Tangible assets|||| ||Caravans|Fixtures 8|Total| |||Fittings|| |Cost (valuation)|||| |At 1stApril 2021|368,742|53,038|421,780| |Additions|||| |Disposals
At 31st March 2022|(36,783)
331,959|53,038|(36,783)
384,997| |Depreciation|||| |At 1st April 2021|194,521|25,862|220,383| |Provided
during the year|42,242|6,639|48,881| |Disposals
At 31st March 2022|205,989
(30,774)|32,501|238,490
(30,774)| |Net book value|||| |At 31st March 2021|174,221|27,176|201,397| |At 31st March 2022|125,970|20,537|146,507| |The net book value at 31st March 2022 represents|fixed assets used for:||| |Direct charitable
services|||| |Family holiday scheme|125,967||| |Other purposes|||| |Administration|||| |||20,540|| ## |||2022| |---|---|---| |Market value at 1st|April 2021|2,371,121| |Additions||| |Disposals||| |Increase/(decrease)|in value for the year|68,325| |Market value at 31st March 2022||2,439,446| |All the investments|are listed inv|estments
and can|be split as follows:|| |---|---|---|---|---| ||||2022|| |UK fixed interest|||353,357|| |Alternative
investments|||587,094|| |Over seas index linked|||57,342|| |UK equities|||449,071|| |Other equities|||929,066|| |Cash|||63,516|| |Total|||2,439,446|| |14).Oebtors||||| ||||2022|2021| |Amounts falling due within one||year||| |Other debtors|||3,231|6,691| |Prepayments
and|accrued income||143,934|53,339| |Legacies|||17,575|150,000| |Total debtors|||164,741|210,030| |15).Creditors||||| ||||2022|2021| |Bank overdraft||||145,301| |Trade creditors|||89,690|30,469| |Accruals and deferred income|||8,234|8,335| |Tax and social security|||5,020|4,841| |Other creditors|||3,125|3,194| |Total creditors|||106,069|192,140| |The bank overdraft|is repayable|on demand.||| ## |he total future
minimum
lease payments
under n|on-cancellab|le
opera|ting
leas|es are| |---|---|---|---|---| ||2022||2021|| |Not later than 1year||2,604||5,869| |Later than 1year and not later than 5years||7,812||9,460| ## |||||||Balance at 31st|Income|Expenditure|Transfer|Balance|at31st| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||March 2021||E||March|2022| |Accumulated|fund: general|||||2,042,812|454,404|(265,223)||2,231,994|| ||||:|designated||405,214||(46,228)||358,986|| |Total||||||2,448,026|337,068|(25,549)||2,590,980|| |||||||Balance at31st|Income|Expenditure|Transfer|Balance|at 31st| |||||||March 2020||E||March|2021| |Accumulated||fund:||general||1,674,118|337,068|31,627||2,042,812|| |||||;|designated|462,390||(57,176)|||405,214| |Total||||||2,136,508|337,068|(25,549)||2,448,026|| |||||||Unrestricted|Restdcted|Designated||Total|| |Funds balances|||at 31st March 2022|||funds|funds|funds||Furl de|| ||||||||6||||| |are represented|||by:||||||||| |Tangible fixed||assets||||20,537|125,970|||146,507|| |Investments||||||2,129,446||310,000||2,439,446|| |Current assets||||||110,380|112,776
48,986|||272,142|| |Creditors due||within|||one year|(28,369)|(77,700)|||(106,069)|| |Total||||||2,231,994|161,046
358,986|||2,752,026|| |||||||Unrestricted|Restricted|Designated||Total|| |Funds balances|||at 31stMarch 2021|||funds|funds|funds||Funds|| |are represented|||by;||||||||| |Tangible fixed|||assets|||85,829|115,568|||201,397|| |Investments||||||2,061,121||310,000||2,371,121|| |Current assets||||||199,603|62,135
(16,387)|||245,351|| |Creditors due||within|||one year|(303,741)||111,601||(192,140)|| |Total||||||2,042,812|177,703
405,214|||2,625,729|| ## ##