2020-12-31-accounts - Avon Navigation Trust

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for the ear ended 31	De	ceniber	'i02	0
												2020	2019
									t:nrestmcted		Restricted	Total	Total
							V'otcs		I unds		Fuada	Funds	Funds
												f
Income
Oonatioiis, legacim and	subscnptions						17		70,997			'?0,997	65.624
Investmentincoiue							I		563			563	1,2 I 5
Income from chantable	activities
Ivlamtenance. improvement		and regulauon			ot'the
Avon Vavigauon							17		869,02-1			8690 4	66. 63
Rent receive le and other mcome							17		19,411			19,411	32.049
Total Inconie									959,995			959,995	766 651
~Ec enditure
Fx enditure n ?'hantablc		Activities
Mamtenancc, unprovement		and regulation			ofthe
Avon Ravigation							17		491,986		895	492 881	35,258
Supped and governance	costs						17		171.816			171,816	188.752
							17		663.tl02		895	664,697	.46.010
									296 193	(	895 )	29,298	220.641
Vnreattsed (loss)/gam on mvestment							7	(	I ill	)	- (	1.111 )	905
Movement m hfe members		subscriptmn		fund			12	(	170	)	-(	170 l(	5	)
Sfoveinent in fuads	f	r the	ear						294,912	(	895 )	294.017	221,471
Reconciliation offuods
Total fund balances broualit		for»ard at		I	Ianuart	202!J			1,608,538		51.463	1,660,001	1.438,53?J
Total fund balances carried for»ard				at	31December 2020				1.903.450		0.568	I 954,018	I 660.001

as at 31 Dece	m	ber 2020
							2020		2019
						f	f
					Votes
Fixed Assets
Intangible	assem				5	11,700
Tangible assets					6	I.-i74.	161	1.397 714
Investments						5,691		6,533
							I 491.552		1,404,247
Current Assets
Stock						13,-167		11,738
Debtors						114.791		87,341
Investments		- short tenn deposib				167	272	156,978
Cash at bank		and m hand				417,	149	11.', 0	I
						712,679		371.108
Liabilities
Creditors amounts fallmg			du»
v ithui one	year				10	250.213		I IS,354
Vet Current Assets							-162,466		l55
iVet Assets							1,954,018		1,660.001
Unrestncted		funds includmg
unrealiscd		gains on mvestmcnts			ll		1,900,900		1.605,818
Life members		subscriptton		furid	ll		2,550		2, i0
Restncted	funds				ll		50,568		51,463
Total Trust Funds							1,954,018		1,660.001

STATEAIE)sT OF 1:ASH	FLOATS	FLOATS
for the 'ear to 31 December 2020
						2020			s019
						f			f
			Votes
',Vet cash flow from o cretin		acnmties	14			4 3006			2"I 302
Cash flow from investin	activities
Payments to acquire mtangible tired assets				14,625
Pa)ments to acquire tangible		tised msets		126,283	)		35'7,656	)
Payments to acquire investments				269	)		316	)
Interest received				294			899
Dividends received				269			316
					(	140,614 )			356,75	)
~et cash flow from financin		activities
Vet increase/ decrease in	cash and cash e uivalents					312,392		(	135.455	)
Cash and cash e uivalents	at	31December s019				272,029			-107,484
Cash»nd cash e uivalen	at	31 December 2020				584,421			272,029
Cash and cash e uivalents	consists of
Cash at bank and m hand						417.149			115Oi I
Short term deposits						167,272			156978
Cash and cash e uwalents	at	31 December 2020				584,421			2 2,029

Malor infrastnictufe	Malor infrastnictufe	improvemenrs	2 5% stramht	lme bmis
Machinery	and Equipment		10%strmglit	lme basis
Workboats	and Tu	s	2 5% strmght	lme basis
Motor Melucles			10%strai ht	line basis
Computer	Equipment		25% stratattr	lme basis
yyelisite			20% straight	Ime basis
Other plant			5% straiglu lme basis

	The Irust operates	tv n detined	ontnbut	ontnbut	pension	schemes	for the ben	lit ol'its emplolees Contributions
	expensed as they become payable
2	Staff costs							020	2019
								f,	f
	ttfages and satanas							295,461	289,848
	Employer's National	Insurance						24,338	24,03
	Defined contrrbution	pension	costs					14.520	14437
	Redundancv costs paid							38,413
								372.932	33837
	An allocation ofthe	staff costs bv the Trust is as follovvs
	Infrastructure unprovements							2 .197	96059
	Admuustration							102,411	92.138
	Relief lock keep rs							1.303	6,393
	Contract works							39,363	22 183
	Valor works							174,429	94,142
	Stutof iiofks							28,229	17,20'I
								372 932	328.322
	Tire avera e number	ofemployees		excludmg	Trustees	durm	the year v,as
	Admuustration
	Customer service
	Operational
								12

Amount aid to Inde	endent Fxaminer
Independent Exammers	t'ec				1,400		1.3 0
Accounts preparation					5,200		5 29ij
					6.600		6,640
						Syebsite
Cost
Addiuons						14,625	14,625
31 December2020						14.625	14,62r
Amortisauon
Charge for the wear						2.925	2.925
31 December 2020						2 925	2,925
Net Book Value
31 December 2020						11.700	11,700
31 December 2019
				SlacbtaeD	yporkboats
		Freehold	Infrastructure	and Office	iiIid	klotor
		f		f	T~us 8	5ehicles	ToisI
Cost
I January 2020		130.708	787,051	469,998	437,092	24 746	1.849. 95
Additions			72,455	38,974	13910	944	126283
31 December 2020		130,;08	859,506	508 972	4. 1,002	25,690	1,97 878
Depreciation
I January 2020			63,315	223,799	150,578	14,189	451,881
Charge for the year			21,22-1	16,538	9,582	2.492	49.836
31 December 2020			84,539	240,337	160,160	16,681	501 717
Net Book Value
31 December 2020		130,708	774,967	268,635	290,842	9.009	1,474.161
31 December 2019		130708	723 736	246,199	286.51-1	10,557	1997714

7	Investments								2020	2019
										f
	Tiie Equities Investment		Fund for Chanties			(23 358 .4ccumslauon	Units)
	Cost f5,528 (2019	f5,259)
	.'vlarket value at I January 2020								6,533	5,' 12
	Dividends remvested								269	316
	Lnrealised (loss)/gam	on nnestment						(	l,I I I )	905
	Market. value at 31 December			2020					5,691	6.513
8	Debtors
	Trade debtors								100,945	s0,992
	Other debtors								5,426	11.62
	Prepayments								8,420	4.724
									114,791	87 341
9	urrentAs e Investments
	Short-Term Deposits								167,272	156,9 8
10	Creditorsi aniounts	fallmg		due vmthm	one	year
	Trade creditors Social securm and oth		r taxes!mcluding		VAT)				18.909 98,754	'5.160 ' 1.08-1
	Accruals and deferred	uicome							20,'69	7.903
	Payments on account								i5,558	24, 58-1
	Other creditor								36 623	36,623
									250.213	115 35-1


Vlovement In	Fu	nds							Investment
				At					Gains/		At
				01/01/2020	Income	~Ex	enditure		~Los es		31/12/2020
							f
Unrestricted	Funds
Unrealised gain on mvestment				1,274				-(	I,l I I	)	163
General Fund				I 604 544	959995	1	663	802 )			1 900 737
				1,605,818	959,99	(	663,802 )/		l,ill	)	I 900,900
Restricted Funds
Davtd Hutchmgs $)V)VT Extension		Memonal Pro)act	Fund	8,477 7,484							8,477 7,484
Neptune				35,502		(		895)			34,607
				1,463		(		895 )			So.S68
Life members	Subscnption		Fund (Note 12 i	2,720	450	(		620 )			2 550
Total Funds				1,660,001	960,445	(	665,317 )(		1,111	)	1,954,018

					2020		2019	2019
12	Life Members Subscn		tion Fund
	Balance at	I Jmiuary 2020			2,720		2	95
	Subscnpnons received				450			600
	Char e for	the(ear		(	620)	(		675)
	Balance at	31 December	2020		2,550		I	7i(i

Anal sis ofVet Assets	bet	we	en	Funds
					Life	'.ilenibers	Orner
				Restricted	Subscription		Lnrestricterl
				Funds		Fund	Funds			Total
				f			8
Intanipble fixed assets							11	00		11,700
Tangible fixed assets				34.607			1439554			1.4 4,161
Investments							5 691			5.691
Current assets				15.961		2 (50	694 168			712,679
Current liabdities						- (	250,213		)(	250.213 )
Total Vet Assets				50 568		2 550	1,900,900			1,954,018
Reconmliation of net movement				in funds to net cash flow from o erstino activities
						2020				2019
Net movement m funds						294,017				221,47)
Dividends received				(		269)			(	316)
Interest received				(		294)			(	899)
Auiortisauon ofintangible		fixed		assen		2,925
Depreciation oftangible	fixed		asset(			49,836				43,623
Loss/(profit) on mvestments						1,111			(	905)
(Increase) mstock				(		1,729 )			(	1,323 )
(Increase', m debtors				(		27,450 )			(	52,997 )
Increase in creditors						134,859				12,648
Net cash fiov; flom operatmg			actimties			453,006				221,302

							I'nrestricted	Restmcted	Total
							Funds	Funds	Funds
								f	f
Income
Donations, legacies and subscnptions							44,624	21 000	65,624
Investment income							1,215		1.215
inconie from chantable activities
Mamtenance. improveruent and regulation ofthe Avoo Navi					ation		667,763		667.763
Rent re eivable and other	mcomc						32,049		2,049
Total Income							745, 651	21.000	766.651
~Ex enditure
Ex enditure ou Chantable	Acuviues
'vlamtenance, improvement and re		ulation ofthe Axon Navigation					338,4t5	18,783	357,2 8
Support and governance	costs						188,752		188,7 2
							527,227	18,783	46 010
							218,424	2,217	220 641
I.lnrealised (loss//gam on	invesmient						905		90.
Movement m life members subscnption				fund		(	751	-(	7	j
Nethfovementin funds	for the	ear					219, 54	2.217	221,471
R«conciliation of funds
Total fund balances brought t'orward			at	I January 2019			1,389,284	49,246	1,438,530
Total fund balances carried forward				at 31December 2019			1.608,538	(1,463	1,660 001

																2020							21119	21119
													CI	rbl				Ch	Ht		bl
														b n		~Ot	T	4	n		n		52rh		T~tl
~I*												r*		f.
D tenn s legac»,						Hants				a»d
s bs puc														,413		8 &84	70,99				200		6	424	69 624
TogstR bnt I too mgk			to		t		)					B		399.991 0,614			99,991 20,614	428, 22			90 04S				90 ",048
6' pe at	on		ann
Canal 8 d	R			e	Tu		t							400			400				400				400
														442, 189			44,189	"-	I	1,0:I9					11,039
Inscstmc t co E sha Hyd o					c							C		5,830			563 5,8"			5,4S6					5 486
												fl				,431	IE401							610	12 610
Sale ofengme																									333
Saleoftr stgoodsa						doth					corn					,010	0 IG						lt	l(16	16 106
														9111,4 2		8,5CS	959 995	6		1,296			95	i»	66 651
																2.020
															8	ppo rel						s	pp	ta
													Ct	tabl	G	a		Chadrahl				Go	e«
																					n		C	t*	~ft
														8		f.
Wcg d														313 I'"6		91O6	07,3	143,			1 (		9E138		23 Bol
Ral d I mats I Ia te a» e c st a Cost oftmst geode P otuuf gan						d m t			ate d		als t	F.		39,4 18 112, 7'		8.965 18,413 112,7 5 ,441,441 E128,128							6,546		4 7S" 6.246
H eofpla»t														IB96			IB96			I	94				1,943
I sua c El tab- Telucle and	dg boat				«epenses									15 336 065 "2 15		1,116	16,452 7,G65 2,15			6,'85 tl, I8 I 9,4 8			10	091	16876 8,181 9,4 8
														5E 61			lh 61		43,623						43 623
																6,600	6,600						6,64(		6,640
Ra tofla d 7 l*pho		d post				g										tl 14,316	231 14,016						0, I!611		201 11615
P t g sau					'		~	p		bl	t					653	15,653						15	448	IE448
Ba k cha gcs																cg60	5 260						4,690		4 690
Wat d waste cogcct 5 mp Vs scs Pot' an h cs								o d		b	pto			94 ,414		9,094 4,i39 82	9 094 ",94'. 4,"9 13. 89		11,665 13,985				5,151 5.151 11,665 ,94,947 24,136 38,121
6	safeo,													9,902		3,9 2	13.827				5		3,894		10 29
St Bt ng														4B I I			4,311			4,	I '7			400	4, 77
Bad debts																	8 0			6,860					6,860
Ooluateers	espe				ses									6 456			6,456			S,S14					8 814
														489, 08		17 089	o64,697	't			2 8		t88, 5'		546010

NGTES IG TBEREVENUE	NGTES IG TBEREVENUE	NGTES IG TBEREVENUE	NGTES IG TBEREVENUE	NGTES IG TBEREVENUE	NGTES IG TBEREVENUE		ACCOUNT	ACCOUNT	ACCOUNT	ACCOUNT	ACCOUNT
f e o 3lsr		D					202				1'n	erl
															020			-019
Vt 4-D			am								dS	criri			f,
Go do Grav Tmt Neptune -9'I ha on N ptu c-The 8		D sin t Co dSu le CF													10.'100			Io . '	ono 000 uoo
Ncptun« - Gmo I~ Weston																		IO,OOO
Neptune - Persho	Rntao,			CI b														I	030
P sho e Island -	Tt	Postcode				Lett
Posho « Isla d -	Dumbre			k	Fou		datto								1,000			I	000
Poshore Isla d -	Avtva
WI I Wa(e - W'yeh		o		D	sm		t	1ou		-	I
Tolunt«e s, loci,s	- Pms				o	Nance
g Georges I ld I RGGos -L!', '7 k b~ Tow M		four I'o		8		P		sbn		To		Couoc	I		200			0	00 000 500
Bo stanuo																			500
Wu t sh eCo		13Cou			cl													3	lto
															5I.3I5
hlscella sdanato		s		ds		bscnpto»'									.46
															70,9'I			65,6 4
B - T R
Am al-Co er'alC -Pr.at.C. 11 Sl on T			ft											I 250 I 182	36,358 28,908 34,725		95 57	51,908 332, 43 93s
Co tm ss 9 3
Cmd dlb e	T	t
														,432	399,991	2,8		4 8,790
B5BIc~l~t~l
															294			899
															769				116
															563
Vot D- Ac
A on»sm Cottage St h I aN															4, 09 N69			4,9 0 It 9tl
															12,401			12,6 I il
Nt - * t		f.					3		t
Mal orks!mc	locks m		d			gatmn				no	k I				20, 113			7' 649
Costs feonlractse B ld g epausa Ihno ol s terna	cs ddccorat														74,970 5,018 126 4			30 569 4,4 13 16 156
															112G			74,	8