##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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|and tiialor plant|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|tv n detined|ontnbut|ontnbut|on|pension|schemes|for the ben|lit ol'its emplolees
Contributions|are||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||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|||
##
##
|4|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||
##
|17|||||||||||||||||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|