2023-04-30-accounts - The Shipwrights Charitable Fund

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		Restricted	Unrestricted	Total	Total
		Fund	Fund	Funds	Funds
	Note	2023 6	2023 6	2023 6	2022f
Incoming and Endowments
Donations and Legacies	3		142,239	142,239	187,524
Income from investments	2	34,660	197,028	231,688	225,211
Total Income and Endowments		34,660	339,267	373,927	412,735
Expenditure
Expenditure on Raising Funds
Portfolio management fees		686	3,901	4,587	3,443
Expenditure on Charitable	Activities
General charitable donations	4&5	59,900	125,092	184,992	246,897
Outdoor activity bursaries	6		30,000	30,000	30,000
Governance costs	7	25,263	133,318	158,581	175,962
		85,163	288,410	373,573	452,859
Total Expenditure		85,849	292,311	378,160	456,302
Net (Expenditure)/Income	and net
Movement in funds before	Gains
and Losses on Investments		(51,189)	46,956	(4,233)	(43,567)
Net Gains/(Losses) on investments		(51,102)	(290,491)	(341,593)	(32,679)
Net Movements in Funds		(102,291)	(243,535)	(345,826)	(76,246)
Funds Brought Forward at
1 May 2022		316,175	6,245,877	6,562,052	6,638,298
Funds Carried Forward at
30April 2023		213,884	6,002,342	6,216,226	6,562,052

			Note	2023 f	2022 6
Net Cash used in Operating Activities			14	(303,917)	(231,207)
Cash Flows from investing	activities
Interest and dividends				231,518	225,143
Tax reclaims				170	68
Payments to acquire investments				(20,000)	(134,186)
Funds withdrawn from investments				107,000	14,500
Net cash provided by investing activities				318,688	105,525
Change in cash and cash	equivalents	in Year		14,771	(125,682)
Cash and cash equivalents	brought forward			75,056	200,738
Cash and cash equivalents	carried forward			89,827	75,056

				Restricted	Unrestricted	Total	Total
				2023	2023	2023	2022
					8	8	8
Listed investment			dividend
Income				34,469	195,940	230,409	225,109
Income	from cash		held	166	943	1,109	34
Interest	on	tax reclaims		25	145	170	68
				34,660	197,028	231,688	225,211
Donations		and Legacies
				Restricted	Unrestricted	Total	Total
				2023	2023	2023	2022
				6		p	E
Apprentice		fund donations					19,375
Special Planned	donations giving				102,239	102,239	35 128,114
E.B.M.	Charitable		Trust		40,000	40,000	40,000
					142,239	142,239	187,524

General Charitable Donations	General Charitable Donations	General Charitable Donations	General Charitable Donations
					2023	2022
						6
Charitable Donations —Standard
Annual National Service	for Seafarers				1,000	500
City of London Sea Cadets			Corps		3,000	3,000
Clergy Support Trust					200	200
George Green's School					3,000	3,000
Guildhall Library					300	300
HMS Queen Elizabeth					2,000	2,000
London Area Sea Cadets		(inc. pocket		money)		1,200
Lord Mayor's Appeal					1,000	1,000
London Nautical School					3,000	3,000
Marine Society &Sea Cadets					13,000	13,000
Merchant Navy					100	100
Sea Scouts					4,000	4,000
Sheriffs' and Recorder's		Fund			500	500
St Paul's Cathedral					500	500
United Guilds' Service					300	200
Others —less than &400		(2)			750	500
					32,650	33,000
					2023	2022
						E
Charitable Donations —Responsive
Charles Henry Experience						3,000
Children's Sailing Trust						2,160
Christian Youth Enterprise			Sailing Centre			2,000
Douglas Bader Foundation					2,000
Excelsior Trust						2,000
Fellowship Afloat Charitable			Trust		2,500
Fulham Reach Boat Club					2,000
Horizon Safety Boat Project						2,500
MACS					1,605
Maritime London Officer		Cadet Scholarship				3,000
Mayflower Primary School					2,000
MV Balmoral					2,000
Oxford Sailability					3,235
Portsmouth Sail Training		Trust			2,000	1,700
Seafarers' International	Relief Fund					5,000
Steamship Freshspring	Trust					1,000
The Tectona Trust						2,000
UK Sailing Academy					5,000
Women in Boatbuilding					2,000
Worcester Merchant Navy			Cadetship	Scheme	2,000
					26,340	24,360

		2023	2022
		6	8
Special Donations
Local Projects		1,322	1,000
		1,322	1,000
Shipwright Apprentice Lectures		7,866	7,080
Apprenticeship fund		24,660	99,932
Total General Charitable Donations		92,838	165,372
Restricted Grants and Donations
		2023	2022
		8	6
King's Silver Medal Awards
Infinite Perspective Limited (Course	Fee)	26,480	22,575
King's Silver Medal Winner		1,500	1,500
The Shipwnghts' Bronze Medal Winner		1,000	1,000
Derek Kimber Medal Winner		750	750
Most Notable Endeavour		500	500
Other		2,024	3,950
		32,254	30,275
Billmeir Awards
Clyde Maritime Project, SVGLENLEE		5,000	5,000
Coleg Llandrillo		3,400	1,500
Falmouth Marine School		7,000	5,500
Fareham College, CEMAST			1,000
Institute of Chartered Shipbrokers		2,000	2,000
International Boat Building Training	College, Lowestoft	1,750
I yme Regis Boat Building Academy		3,250	3,750
Marine Skills Centre, Southampton		2,000	1,500
Menai Strait's Heritage Sailing			1,000
Paragon Skills Stirling 8Son Ltd, Plymouth		1,750	3,000
The Education Trust / E P Barrus Ltd		1,750
		27,900	24,250

							2023	2022
							5	9
	University Grants
	University of Newcastle						7,000	7,000
	University of Southampton						7,000	7,000
	University of Strathclyde						7,000	7,000
	University of Strathclyde	—Denholm		bursaries			6,000	6,000
	University of Strathclyde	—Abram	travel		bursary		5,000
							32,000	27,000
	Total Restricted Grants and Donations						92,154	81,525
6.	Outdoor Activity Bursaries
							2023	2022
								F
	Jubilee Sailing Trust Ocean Youth Trust (Scotland)						5,000 5,000	5,000 5,000
	Tall Ships Youth Trust						20,000	20,000
							30,000	30,000
7.	Governance costs
					Restricted	Unrestricted	Total	Total
					2023	2023	2023	2022
					p	F	5	L
	Staff costs and pensions				16,687	111,512	128,199	136,480
	Accountancy —Non Audit				6,167	12,334	18,501	17,505
	Previous year adjustment							7,400
	Audit Irrecoverable VAT				1,372 1,015	2,744 5,771	4,116 6,786	3,908 7,816
	Sundry expenses				22	958	980	2,853
					25,263	133,319	158,582	175,962

		Restricted	Unrestricted	Total	Total
		2023 f	2023 8	2023 6	2022 6
Market value at 1 May		982,913	5,587,352	6,570,265	6,483,257
Additions		2,992	17,008	20,000	134,186
Disposals		(16,007)	(90,993)	(107,000)	(14,500)
Unrealised	gain/(loss)	(51,742)	(294,129)	(345,871)	(33,785)
Realised	gain/(loss)	640	3,638	4,278	1,107
Market value at 30 April		918,796	5,222,876	6,141,672	6,570,265
Cash		3,188	18,123	21,311	57,158
Total Market value at 30 April		921,984	5,240,999	6,162,983	6,627,423
Debtor
				2023	2022
				E
Donation	repayment			600
				600

			2023	2022
			F	E
	Creditors Accruals		18,944	7,506 22,712
			18,944	30,218
12.	Funds
		Restricted F	Unrestricted 6	Totalf
	At 1 May 2022	316,175	6,245,877	6,562,052
	Net incoming resources Net resources expended Revaluation of investments	34,660 (85,849) (51,102)	339,267 (292,311) (290,491)	373,927 (378,160) (341,593)
	At 30 April 2023	213,884	6,002,342	6,216,226

Reconciliation of Ne	t Movem	ent in Funds	to Net Cash	Flow from Operating	Activities
				2023 9	2022f
Net movement in funds				(345,826)	(76,246)
Deduct interest income shown		in investment	activities	(231,688)	(225,211)
Losses on investments				341,593	32,679
(Increase)/Decrease (Decrease)/Increase	in debtors in creditors			15,517 (83,513)	(7,520) 45,091
				(303,917)	(231,207)