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|||||Page|
|---|---|---|---|---|
|Patrons, Trustees, senior managers||and|advisors||
|Trustees'<br>annual report (incorporating|||the strategic report)|3-19|
|Statement of|responsibilities<br>ofthe|Trustees||20|
|Independent|auditor's report|||21 -24|
|Consolidated|statement<br>offinancial|activities||25-26|
|Consolidated|and Trust balance sheets|||27-28|
|Consolidated|statement<br>ofcash flows|||29|
|Notes to the|financial statements|||30-57|





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|This subsidiary<br>unde<br>were:|rtakes<br>retail, caterin|g and similar op|
|---|---|---|
||Retail|Catering|
|Turnover||ES03k|
|Net Profit/(Loss)|E22k||
|Spend per visitor|f2.08|Gi.07|





## 

|||||Streamlined|Streamlined|Energy and Carbon|
|---|---|---|---|---|---|---|
|Electricity|||||Reporting<br>Current Year||
|||||1stA|ril 2021-31stMarch 2022||
|kwh||2,832,095||||2,860,215|
|GHG Conversions|Factors|0.25560||||0.21233|
|kg CO2e||723,883||||607,309|
|kmissions from purchased|||||||
|electricity tCO2e (Scope 2,||724||||607|
|Location Based)|||||||
||||C@'Iqn'|Streamlined||Energy and Carbon|
|Gas|||||Reporting Current Year||
||||arne|1stApril 2021-31stMarch 2022|||
|Ilwh||3,397,532||||3,403,479|





## 

|GHG Conversions<br>Factors|0.18385|0.18316|
|---|---|---|
|kg CO2e|624,636|623,381|
|Emissions from combustion|625|623|
|ofgas tCO2e (Scope 1)|||



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||||Restricted Funds||||
|---|---|---|---|---|---|---|
||Notes|Unrestricted|Fitted Rigging||Total|Total|
|||funds|House||2022|2021|
|Income fro:||||||6|
|Donations<br>and grants||178,051||837,991|1,016,042|1,994,557|
|Charitable<br>activities||4,391,250|||4,391,250|3,253,910|
|Other trading activities||1,397,436|||1,397,436|928,895|
|Investments||2,506|||2,506|3,646|
|Other income||(900)|||(900)|3,190|
|Total income||5,968,343||837,991|6,806,334|6,184,198|
|Expenditure<br>on:|||||||
|Raising funds||1,470,207|||1,470,207|1,020,090|
|Charitable<br>activities|||||||
|Preservation|10|2,501,721|189,032|184,838|2,875,591|2,105,594|
|Education|11|2,038,645||1,463,935|3,502,580|3,633,228|
|Total charitable<br>activities||4,540,366|189,032|1,648,773|6,378,171|5,738,822|
|Total expenditure||6,010,573|189,032|1,648,773|7,848,378|6,758,912|
|Net expenditure<br>before|||||||
|gains and losses||(42,230)|(189,032)|(810,782)|(1,042,044)|(574,714)|
|Net gains on investments||67,380|||67,380|86,347|
|Net gains on investment|||||||
|property||(21,150)|||(21,150)|72,668|
|Net expenditure||4,000|(189,032)|(810,782)|(995,814)|(415,699)|
|Transfers between funds|29||||||
|Net movement<br>in funds||4,000|(189,032)|(810,782)|(995,814)|(415,699)|
|Funds asatIApril 2021||2,142,031|6,820,878|10,693,721|19,656,630|20,072,329|
|Funds asat31March 2022|29,30|2,146,031|6,631,846|9,882,939|18,660516|19,656,630|





||||Restricted Funds||||
|---|---|---|---|---|---|---|
||Notes|Unrestricted|Fitted Rigging||Total|Total|
|||funds|House|Other|2021|2020|
|Income fro:|||6||||
|Donations<br>and grants||1,102,712||891,845|1,994,557|1,522,611|
|Charitable<br>activities||3,253,910|||3,253,910|4,823,380|
|Other trading activities||928,895|||928,895|2,275,203|
|Investments||3,646|||3,646|39|
|Other income||3,190|||3,190|4,000|
|Total income||5,292,353||891,845|6,184,198|8,625,233|
|Expenditure<br>on:|||||||
|Raising funds||1,020,090|||1,020,090|2,215,749|
|Charitable<br>activities|||||||
|Preservation|10|1,768,622|189,032|147,940|2,105,594|2,609,012|
|Education|11|2,282527||1,350,701|3,633,228|3,867,609|
|Total charitable<br>activities||4,051,149|189,032|1,498,641|5,738,822|6,476,621|
|Total expenditure||5,071,239|189,032|1,498,641|6,758,912|8,692,370|
|Net income/(expenditure)|||||||
|before gains and losses||221,114|(189,032)|(606,796)|(574,714)|(67,137)|
|Net gains on investments||86347|||86,347|14,517|
|Net gains on investment|||||||
|property||72,668|||||
|Net income (expenditure)|14|380,129|(189,032)|(606,796)|(415,699)|(52,620)|
|Transfers between funds||(216,706)|200,000|16,706|||
|Net movement<br>in funds||163,423|10,968|(590,090)|(415,699)|(52,620)|
|Funds as at 1April 2020||1,978,608|6,809,910|11,283411|20,072,329|20,124,949|
|Funds as at31March 2021|29,30|2,142,031|6,820,878|10,693,721|19,656,630|20,072,329|





## 

|As at31March 202|2||||||
|---|---|---|---|---|---|---|
||||Consolidated||Trust||
|||Notes|2022|2021|2022|2021|
|Fixed assets|||||||
|Property plant and|equipment|15|1,264,618|1,508,274|1,256,467|1,497,989|
|Heritage assets||16|15368~|16,092,669|15,568~|16,092,669|
|Investment<br>properties||17|310454|331,704|||
|Investments<br>in subsidiaries||18|||1,100|1,100|
|Listed investments||19|655516|438,136|655516|438,136|
||||17,798,910|18,370,783|17,481,305|18,029,894|
|Current assets|||||||
|Inventories||20|270~7|241,164|211,623|190,880|
|Debtors||21|1,010581|919,685|1,350,501|1,252,818|
|Cash and cash equivalents|||150~68|1,651,443|1,115,970|1,312,271|
||||2,783,406|2,812,292|2,678,094|2,755,969|
|Creditors: amounts|falling due within one||||||
|year||22|(1,41~95)|(1,010,104)|(1,340,006)|(983,638)|
|Net current assets|||1,370,911|1,802,188|1,338,088|1,772,331|
|Total assets less current liabilities|||19,169,821|20,172,971|18,819,393|19,802,225|
|Creditors: amounts|falling due after more||||||
|than one year||23|(450,000)|(450,000)|(450,000)|(450,000)|
|Provision for deferred tax||25|(59,005)|(66,341)|||
|Net assets||28|18,6602I16|19,656,630|18,369,393|19,352,225|
|Funds employed|||||||
|Restricted funds|||||||
|Fitted Rigging House|||6,631PC6|6,820,878|6,631,846|6,820,878|
|Other|||92I82,939|10,693,721|9,882,939|10,693,721|
|Total restricted funds||29|16,514,785|17,514499|16,514,785|17,514,599|
|Unrestricted<br>funds|||||||
|Designated<br>funds||30|1,119,483|1,077,669|1,119,483|1,077,669|
|Revaluation<br>reserve||30|246321|264365|||
|General||30|780~7|799,997|735,125|759,957|
|||30|2,146,031|2,142,031|1,854,608|1,837,626|
||||18,660g16|19,656,630|18,369,393|19,352,225|





|||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|f.|
|Net cash from operating|activities|||||31|124,745|4912)14|
|Cash flow from investing||activities|||||||
|Purchase ofproperty, plant||and equipment|||||(60,996)|(27,968)|
|Proceeds from the disposal||ofproperty,|plant and equipment||||||
|Proceeds from the disposal||of investment||properties|||21,150|40,680|
|Net gain on investments|||||||||
|Purchase ofinvestments|||||||(150,000)||
|Income from investment|property||||||16,242|15,799|
||||||||(173,620)|28411|
|Cash flow from financing||activities|||||||
|Loan repayments|||||||(100,000)||
||||||||(100,000)||
|Net increase in cash and|cash equivalents||||||(148,875)|520,325|
|Cash and cash equivalents||at the beginning|||ofthe year||1,651,443|1,131,118|
|Cash and cash equivalents||atthe end ofthe year|||||1,502,568|1,651,443|
|Cash and cash equivalents||atthe end ofthe year|||||||
|Restricted fund||||||||25,033|
|Unrestricted<br>funds|||||||1,502,568|1,626,410|
|Cash and cash equivalents||at the end of|the||year||1,502,568|1,651,443|
|Cash and cash equivalents||comprise cash||at|bank and in hand.||||
|The notes on pages 30to|57form part ofthese financial statements.||||||||





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## 

|Structural|works to buildings|2/|Computer/<br>AVequipment|20%|
|---|---|---|---|---|
|Roofs||4%|Other fixtures and fittings|10%|
|Ships refurbishments||10%|Plant and machinery|10%|
|Exhibition|equipment|6.67%|Motor vehicles|20%|
|Galleries||10%|||



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|Income fr|o|m donations,<br>including<br>grants|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total 2022|Total 2021|
||||||6||
|Government|grants||||||
|-Department||for Digital, Culture, Media &Sport||196,000|196,000|198,381|
|-Arts Council||England (ACE)||633,652|633,652|492,508|
|Other grants|||166450|8339|174r389|1,239,259|
|Donations|||11401||11401|64,409|
||||178,051|837,991|1,016,042|1,994,557|



## 

|5<br>Income f|rom charitable<br>activities|||
|---|---|---|---|
|||2022|2021|
|||E|6|
|Preservation|-rent &service charges|3,339,318|2,970,'187|
|Education -|visitor admissions|1,051,932|283,723|
|||4,391,250|3,253,910|





## 

|6<br>Income from othe|r trading activit|ies||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||8||
|Income from sale of|goods|||||||
|Retail —gift shop||||||90,361|46,640|
|Sales ofrope products||||||479,362|277,161|
|Catering||||||457,113|135,549|
|Income from provision ofservices||||||||
|Weddings<br>&other|functions|||||210r436|26,066|
|Property income||||||158,847|205,425|
|Other miscellaneous|income|||||1.317|238,054|
|||||||1,397,436|928,895|
|7<br>Income from investments||||||||
|||||||2022|2021|
|Fixed interest on cash deposits||||||2,506|3,646|
|8<br>Other income||||||||
|||||||2022|2021|
||||||||6|
|(Loss)/ Profit on disposal offixed asset||||||(900)|3,190|
|Future income from|non-canceBable|operating leases||||||
|||||||2022|2021|
|The Group is due to receive the following|||amounts|under non-cancellable|operating|||
|leases:||||||||
|Due next year||||||1,719,841|1,215,328|
|Due in 2to 5years||||||5,428,072|4,547,691|
|Due after more than|5years|||||11,107,588|10,820,088|
|||||||18,255,501|16,583,107|





## 

|9<br>Expenditure<br>on raising funds|||
|---|---|---|
||2022|2021|
|Incurred by the Trust|488,702|335,255|
|Incurred by the trading subsidiaries|627,300|524,766|
|Depreciation|4,076|5,463|
||1,120,078|865,484|
|Support costs allocated to raising funds (see note 12)|350,129|154,606|
||1,470,207|1,020,090|



## 

|10 Expenditure<br>on preservation|||
|---|---|---|
||2022|2021|
|Staff and associated costs|330802|257,009|
|Maintenance<br>costs|805,436|441,285|
|Utilities|445,193|401363|
|Other direct costs|476,525|335350|
|Depreciation|151,657|336,972|
|Allocated support costs (see note 12)|666,378|333,615|
||2,875,591|2,105,594|



## 

|11 Expenditure<br>on education|||
|---|---|---|
||2022|2021|
|Staff and associated costs|999,408|1,312,747|
|Other direct costs|1,467,907|970,252|
|Depreciation|673366|613388|
|Other project expenditure|22,888|28,754|
|Maintenance|186339|75,572|
|Allocated support costs (see note 12)|152,672|632015|
||3,S02,580|3,633,228|





## 

|12 Support|costs|||
|---|---|---|---|
|||2022|2021|
|Staff and associated costs||786,994|797,903|
|Office costs||89,622|61,271|
|Professional|fees|25,233|20,845|
|Insurances||221,222|194335|
|Other costs||23,832|1307|
|Governance|costs|22,276|44,975|
|||1,169,179|1,120,736|
|||2022|2021|
|Support costs are allocated as follows:|||E|
|Raising funds||350,129|154,606|
|Education||152,672|632,518|
|Preservation||666,378|333,615|
|||1,169,179|1,120,736|



## 

|13 Wages and salaries||||
|---|---|---|---|
|Group||2022|2021<br>5|
|Wages and salaries||2,372,952|2,445,973|
|Social security costs||188,590|193,723|
|Pension scheme —defined contribution|scheme|139,206|154,097|
|||2,700,748|2,793,793|
|||2022|2021|
||||6|
|Wages and salaries||2,145,671|2,180,563|
|Social security costs||168,157|176,993|
|Pension scheme —defined contribution|scheme|120,931|142,227|
|||2,434,759|2,499,783|





## 

|13 Wages and salaries (continued)|||||
|---|---|---|---|---|
||Group||Trust||
|Average no. ofpersons employed:|2022|2021|2022|2021|
||Number|Number|Number|Number|
|Preservation|20|22|20|22|
|Education|78|80|78|80|
|Ropemaking|||||
|Catering &retail|20|19|||
|Support|||||
||133|140|113|121|



|||2022|2021|
|---|---|---|---|
|||Number|Number|
|660,001|- f70,000|1||
|f70,001|- f80,000|1|2|
|f30,001|- f90,000|||



|Key|management|remuneration|was as follows:|2022|2021|
|---|---|---|---|---|---|
|Key|management|remuneration|(2022:6people; 20219)|455,926|570,202|





## 

|14 Net income|||||
|---|---|---|---|---|
||||2022|2021|
|Net income is stated after charging:|||||
|Depreciation<br>oftangible assets:|||||
|Property, plant and equipment|||534r465|431,010|
|Heritage assets|||294354|524,813|
|Auditor's<br>remuneration:|||||
|—Audit (Trust)|||13,750|38,565|
|-Audit underprovision|||(1,224)||
|-Audit (Subsidiaries)|||9,750|7,400|
|-Non audit services paid to companies|associated|with the auditors|6,000|6,410|
|Income received under non-cancellable|operating|leases|1,336,113|1,403,496|
|Operating<br>lease charges|||907|907|



## 

|15Tangible fixed assets —Pmperty plant an|d equipment|||
|---|---|---|---|
||Fixtures,|||
||fittings and|||
|Group|equipment|GaBeries|Total|
||E|||
|Cost||||
|1April 2021|7,553,692|6,935,505|14,489,197|
|Additions|57,619|3,377|60,996|
|31March 2022|7,611,311|6,938,882|14,550,193|
|Depreciation||||
|1April 2021|6,805,117|6,175806|12,980,923|
|Charge for year|152,487|152,165|304,652|
|31March 2022|6,957,604|6,327,971|13,285,575|
|Net book value||||
|31March 2022|653,707|610,911|1,264,618|
|31March 2021|748,575|759,699|1,508,274|





|15 Tangible fixed assets - Property plant|and equipment<br>(continued)|||
|---|---|---|---|
||Fixtures,|||
||fittings and|||
|Trust|equipment|Galleries|Total|
||8|8||
|Cost||||
|1April 2021|7,420,006|6,935,505|14,355,511|
|Additions|55,679|3.377|59,056|
|31March 2022|7,475,685|6,938,882|14,414,567|
|Depreciation||||
|1April 2021|6,681,716|6,175,806|12,857,522|
|Charge for year|148,413|152,165|300878|
|31March 2022|6,830,129||13,158,100|
|Net book value||||
|31March 2022|645456|610,911|1,256367|
|31March 2021|738,290|759,699|1,497,989|



|16Heritage assets|||||
|---|---|---|---|---|
||Freehold||Collections||
|Group and Trust|land and<br>buildings|Ships|and<br>artefacts|Total|
|Cost|||||
|1April 2021|21,389,779|3,344,642|144,000|24,878,421|
|31March 2022|21,389,779|3,344,642|144,000|24,878,241|
|Depreciation|||||
|1April 2021|5,441,110|3,344,642||8,785,752|
|Charge for year|524,447|||524,447|
|31March 2022|5,965357|3,344,642||9,310,199|
|Net book value|||||
|31March 2022|15,424,222||144,000|15,568,222|
|31March 2021|15,948,669||144,000|16,092,669|





## 

## 



## 

|17Investment<br>Properties|||
|---|---|---|
|Group|2022|2021|
|1April|331,704|330,313|
|Disposals|(21,150)|(43,870)|
|Revaluation||45,261|
|31March|310,554|331,704|



## 

|Share||
|---|---|
|Capital|Total|
|6|6|
|1,100|1,100|



|Name||||Company number|Activity|||
|---|---|---|---|---|---|---|---|
|Master Ropemakers||(Trading) Limited||02651660|Non-traditional|rope|sales|
|Chatham|Historic Dockyard||(Trading) Limited|01983754|Retail &catering|||
|Historic|Dockyard|Property|Limited|02331347|Residential||property|
||||||management|||
|Historic|Dockyard|Property|(2005) Limited|05538093|Property development|||
|Historic|Dockyard|Property|(2010) Limited|07232729|Dormant|||
|Master Ropemakers||Limited||07232492|Dormant|||





## 

## 

|Results ofa|ctive subsidiar|ies|||||
|---|---|---|---|---|---|---|
|||||||Chatham|
||||Master|Historic|Historic|Historic|
||||Ropemakers|Dockyard|Dockyard|Dockyard|
||||(Trading)|Property|Property 2005|(Trading)|
||||Limited|Limited|Limited|Limited|
|||||||E|
|Turnover|||||||
|Year ended|31March 2022||||||
||||429,953|16,242|118,426|695,545|
|Expenditure|||(317321)|(18,348)|(23,680)|(596,337)|
|Taxation||||7,336|||
|Transfer from revaluation||reserve||18,044|||
|Distribution|to the Trust||(112,632)|(23,274)|(94,746)|(94,153)|
|Result for the year||||||5,055|
|As at 31March 2022|||||||
|Assets|||169,612|349,928|152,703|177,329|
|Creditors and provisions|||(144,612)|(102,607)|(152,603)|(157,229)|
|Net assets|||25,000|247321|100|20,100|
|Year ended|31March 2021||||||
|Turnover|||315,272|19,016|166,266|369,831|
|Expenditure|||(300,312)|(11,929)|(14,804)|(374,886)|
|Taxation||||360|||
|Transfer from revaluation||reserve||43310|||
|Distribution|to the Trust||(14,960)|(50,957)|(151,462)||
|Result for the year||||||(5,055)|
|As at 31March 2021|||||||
|Assets|||63,886|417,908|204,614|147,463|
|Creditors and provisions|||(38,886)|(152,543)|(204,514)|(132,418)|
|Net assets|||25,000|265,365|100|15,045|
|19Invesbnents|||||||
||||Group||Trust||
||||2022|2021|2022|2021|
||||E||||
|Listed investments|||||||
|As at 1April 2021|||438,136|351,789|438,136|351,789|
|Additions|||150,000||150,000||
|Unrealised|gain/(loss)||67,380|86,347|67,380|86,347|
|As at 31March 2022|||655,516|438,136|655,516|438,136|





|Listed investments|Listed investments|comprise|Group||Trust||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|||||6||E|
|Investment|Fund||271,755|172,683|271,755|172,683|
|Property Fund|||157,284|61,657|157,284|61,657|
|Global Equity Fund|||226,477|203,796|226,477|203,796|
||||655416|438,136|655516|438,136|
|Historical|cost||400,000|400,000|250,000|250,000|
|20Inventories|||Group||Trust||
||||2022|2021|2022|2021|
|||||6||6|
|Raw materials and||consumables|118310|117327|118,310|117,327|
|Goods for|resale||151,947|123,837|93,313|73,553|
||||270,257|241,164|211,623|190,880|



## 

|21Debtor|s||||||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Trust||
||||||2022|2021|2022|2021|
||||||E|6|5||
|Trade debtors|||||301,614|189,412|300,033|149,026|
|Amount|owed||by subsidiary|undertakings|||100,837|205,543|
|Amounts|due||to parent undertaking - Gift Aid||||324,826|217,379|
|Other debtors|||||162,009|125383|107,417|97,398|
|Prepayments||and accrued income|||546,958|604,890|517388|583,472|
||||||1,010,581|919,685|1,350,501|1,252,818|



|22 Creditors: amounts<br>falling due within one year|||||
|---|---|---|---|---|
||Group||Trust||
||2022|2021|2022|2021|
||||E||
|Other loan||100,000||100,000|
|Trade creditors|474838|183,643|442,075|188,994|
|Taxation and social security|47,301|40,852|47,301|40,852|
|Other creditors|338,514|313,296|335~8|297,774|
|Accruals and deferred income (see note 25)|551,842|372,313|515,142|356,018|
||1,412,495|1,010,104|1,340,006|983,638|





## 

## 

|3Creditors: amounts falling due after m|ore than one year||||
|---|---|---|---|---|
||Group||Trust||
||2022|2021|2022|2021|
||E||||
|Other loan|450,000|450,000|450,000|450,000|
|Due within one year||100,000||100,000|
|Due within 1 —2years|250,000|350,000|250,000|350,000|
|Due within 2 - 5years|200,000||200,000||
||450,000|450,000|450,000|450,000|



|4 Defer|red income|||||
|---|---|---|---|---|---|
|||Group||Trust||
|||2022|2021|2022|2021|
|Balance|at1April|10,565|455,016|10,565|455,016|
|Amount|released toSOFA|(10,565)|(455,016)|(10,565)|(455,016)|
|Amount|deferred in the period|32,139|10465|32,139|34,771|
|Balance|at31March|32,139|10'|32,139|34,771|



## 

|25 Deferred tax||||||
|---|---|---|---|---|---|
|||Group||Trust||
|||2022|2021|2022|2021|
|Arising on property|revaluations:||E||E|
|At 1April||66,341|84,696|||
|Credit to profit &loss||(4,230)|(27,407)|||
|Tax on revaluation||(3,106)|9,052|||
|At 31March||59,005|66,341|||



## 



## 

## 

|28 Analysis|offunds|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|||Group|
|Group —as|at 31March|Restricted|Designated|Revalua-|General|Total|Total|
|2022||||tion||||
|Property, plant and||||||||
|equipment||1,110,559|145,908||8,151|154,059|1,264,618|
|Heritage assets||15,327,354|240,868|||240,868|15,568,222|
|Investment|properties|||246,321|64,233|310,554|310454|
|Inventories|||||270,257|270,257|270,257|
|Debtors||76,872|||951,657|951,657|1,028,529|
|Investments|||||655,516|655,516|655416|
|Cash and cash equivalents|||732,707||769,861|1,502,568|1,502,568|
|Creditors|||||(1,880,443)|(1,880'3)|(1,880,443)|
|Deferred tax|||||(59,005)|(59,005)|(59,005)|
|||16,514,785|1,119,483|246321|780,227|2,146,031|18,660,816|
|||||Unrestricted|||Group|
|Group - as|at31 March|Restricted|Designated|Revalua-|General|Total|Total|
|2021||||tion||||
|Property, plant and||||||||
|equipment||1,355,662|142,327||10,285|152,612|1,508,274|
|Heritage assets||15,821,976|270,693|||270,693|16092669|
|Investment|properties|||264,365|67,339|331,704|331,704|
|Inventories|||||241,164|241,164|241,164|
|Debtors||336,961|||595,361|595,361|932,322|
|Investments|||||438,136|438,136|438,136|
|Cash and cash equivalents|||||986,794|1,651,443|1,651,443|
|Creditors|||||(1,472,741)|(1,472,741)|(1,472,741)|
|Deferred tax|||||(66,341)|(66,341)|(66,341)|
|||17,514,599|1,077,669|264,365|799,997|2,142,031|19,656,630|





## 

## 

|||||Unrestricted|||Trust|
|---|---|---|---|---|---|---|---|
|Trust - as at 31March 2022||Restricted|Designated|Revalua-||Total|Total|
|||||tion||||
|||6||||||
|Property, plant and||||||||
|equipment||1,110,559|145,908|||145,908|1,256,467|
|Heritage assets||15,327,354|240,868|||240,868|15,568,222|
|Inventories|||||211,623|211,623|211,623|
|Investment|in subsidiaries||||1,100|1,100|1,100|
|Debtors||76,872|||1,273,629|1,273,629|1,350,501|
|Investments|||||655,516|655,516|655,516|
|Cash and cash equivalents|||732,707||383,263|1,115,970|1,115,970|
|Creditors|||||(1,790,006)|(1,790,006)|(1,790,006)|
|||16,514,785|1,119,483||735,125|1,854,608|18,369393|
|28Analysis|offunds (continued)|||||||



|28Analysi|s|offunds (continu|ed)||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|||Trust|
|Trust - as|at31March 2021||Restricted|Designated|Revalua-|General|Total|Total|
||||||tion||||
|Property,|plant and||||||||
|equipment|||1,355,662|142,327|||142,327|1,497,989|
|Heritage|assets||15,821,976|270,693|||270,693|16,092,669|
|Inventories||||||190,880|190,880|190,880|
|Investment||in subsidiaries||||1,100|1,100|1,100|
|Debtors|||336,961|||915,857|915,857|1,252,818|
|Investments||||||438,136|438,136|438,136|
|Cash and|cash equivalents|||664,649||647,622|1,312,271|1,312,271|
|Creditors||||||(1333,638)|(1,433,638)|(1,433,638)|
||||17,514499|1,077,669||759,957|1,837,626|19,352,225|





## 

|29Restricted funds|||||||
|---|---|---|---|---|---|---|
|||At|||Expend-|At|
|Year ended 31March|2022|1April|Transfers|Income|iture|31March|
|||2021|2022|2022|2022|2022|
|Group and Trust|||||f||
|Fixed asset funds||10,356,760|||(554,088)|9802 672|
|Education programmes||37,851|||(37,851)||
|Arts Council England||||384,144|(384,144)||
|Arts Council England|—NPO|121,307||249408|(317,523)|53,292|
|DCMS||||196,000|(196,000)||
|Other||177,803||8339|(159,167)|26,975|
|Fitted Rigging House||6,820,878|||(189,032)|6,631,846|
|||17,514,599||837,991|(1,837,805)|16,514,785|
|||At|||Expend-|At|
|Year ended 31March|2021|1April|Transfers|Income|iture|31March|
|||2020|2021|2021|2021|2021|
|Group and Trust|||f||||
|Fixed asset funds||11,051,882|(9,217)||(685,905)|10,356,760|
|Education programmes||25,033|9,974|5,910|(3,066)|37,851|
|Arts Council England||||243,000|(243,000)||
|Arts Council England|- NPO|206,896|15,949|249,508|(351,046)|121,307|
|Other||||393,427|(215,624)|177,803|
|Fitted Rigging House||6,809,910|200,000||(189,032)|6,820,878|
|||18,093,721|216,706|891,845|(1,687,673)|17,514399|





## 

## 

|Year ended|31March|2022|At|Gains/||Expend-|At|
|---|---|---|---|---|---|---|---|
||||1April|Transfers|Income in|iture in|31March|
|Group|||2021|2022|2022f|2022<br>E|2022<br>6|
|Designated|funds|||||||
|Fixed assets|||413,020|55,659||(81,903)|386,776|
|Maintenance||and development|664,649|56,985|47,880|(36,807)|732,707|
|Revaluation|||264365|(18,044)|||246321|
|General|||799,997|(45,264)|5,920,463|(5,894,969)|780,227|
||||2,142,031|49,336|5,968,343|(6,013,679)|2,146,031|
|Year ended|31March|2021|At|Gains/||Expend-|At|
||||1April|Transfers|Income in|iture in|31March|
||||2020|2021|2021|2021|2021|
|Group||||||||
|Designated|funds|||||||
|Fixed assets|||486,778|1,666||(75,424)|413,020|
|Maintenance||and development|485,826|(200,000)|378523||664,649|
|Revaluation|||251,410|12,955|||264,365|
|General|||754,594|127,688|4,655,179|(4,737,464)|799,997|
||||1,978,608|(57,691)|5,034,002|(4,812,888)|2,142,031|
|Year ended|31March|2022|At|Gains/||Expend-|At|
||||1April|Transfers|Income in|iture in|31March|
||||2021|2022|2022|2022|2022|
|Trust||||||||
|Designated|funds|||||||
|Fixed assets|||413,020|55,659||(81,903)|386,776|
|Maintenance||and development|664,649|56,985|47,880|(36,807)|732,707|
|General|||759,957|(45,264)|5,083,234|(5,062,802)|735,125|
||||1,837,626|67,380|5,131,114|(5,181,512)|1,854,608|
|Year ended|31March|2021|At|Gains/||Expend-|At|
||||1April|Transfers|Income in|iture in|31March|
||||2020|2021|2021|2021|2021|
|Trust||||||||
|Designated|funds|||||||
|Fixed assets|||486,778|1,666||(75,424)|413,020|
|Maintenance||and development|485,826|(200,000)|378423||664,649|
|General|||716,290|67,975|4,441,383|(4,465,691)|759,957|
||||1,688,894|(130,359)|4820,206|(4,541,115)|1,837,626|





## 

## 

|31Reconciliation<br>ofnet income|tonet|cash outflow fmm ope|rating<br>activities|||
|---|---|---|---|---|---|
|||||2022|2021|
|Net expenditure||||(995,814)|(415,699)|
|Depreciation ofproperty, plant|and equipment|||304,652|431,010|
|Depreciation ofheritage assets||||524347|524813|
|Loss on disposal ofinvestment|properties||||3,190|
|Rental income||||(16,226)|(15,799)|
|Revaluation<br>ofinvestment<br>property|||||(45,261)|
|Net gain on investments||||(67,380)|(86,347)|
|(Decrease) / Increase in inventories||||(29,093)|68,768|
|Decrease/(Increase)<br>in debtors||||(90,896)|781,684|
|(Decrease)/Increase<br>in creditors||||502,391|(736,190)|
|Movement<br>in deferred tax provision||||(7,336)|(18,355)|
|Net cash provided<br>by from operating||activities||124,745|491514|
|32Analysis ofnet debt|||AtI April|Cashflows|At 31March|
||||2021||2022|
||||||E|
|Cash at bank and in hand|||1,651~3|(148,875)|1,502,568|
|Loans|||(550,000)|100,000|(450,000)|
|Net cash inflow from operating|activities||1,101,443|(48,475)|1,052,568|





## 

|n the|coming years|||
|---|---|---|---|
|||2022|2021|
|Due|next year|2,954|2,954|
|Due|in the Next 2to5years|7,385|10,339|
|||10,339|13,293|



## 

|ther servic|es to its|subsidiaries,<br>details|ofthese are as follo|ws:|||
|---|---|---|---|---|---|---|
|||Chatham|Master|Historic|Historic|Total 2022|
|||Historic|Ropemakers|Dockyard|Dockyard||
|||Dockyard|Trading Ltd|Property Ltd|Property(2005)||
|||(Trading) Ltd|||Ltd||
|From the|Trust||||||
|Employment||247r482|24,114|||271,596|
|recharges|||||||
|Rent||19,000||||19,000|
|Audit fee||3,750|3,500|1,250|1,250|9,750|
|recharges|||||||
|Postage costs||||1400||1,500|
|Utilities|||||||
|Rope purchases|||265,123|||265,123|
|Finance and||||||3,779|
|Insurance|costs||||||
|||270,232|292,737|6329|1,250|570,749|
|Amounts|owed|1,470|25,312|18328|55,627|100,837|
|from/(to):|||||||





|4Related|Party Tr|ansactions<br>(continue|d)||||
|---|---|---|---|---|---|---|
|||Chatham|Master|Historic|Historic|Total 2021|
|||Historic|Ropemakers|Dockyard|Dockyard||
|||Dockyard|Trading Ltd|Property Ltd|Property(2005)||
|||(Trading) Ltd|||Ltd||
|From the|Trust:||||||
|Employment||85,703|37,044|||122,747|
|rechar ges|||||||
|Rent||19,000||||19,000|
|Audit fee||3,000|3,600||720|8,980|
|recharges|||||||
|Postage costs||||||840|
|Utilities||618||||618|
|Rope purchases|||222,265|||222,265|
|Finance and||||4,320||4,320|
|insurance|costs||||||
|||108,321|263,749|5,980|720|378,770|
|Amounts|owed|129,218|18,275|21,808|36,242|205,543|
|from/ (to):|||||||



## 

|5Financial instruments|||||||
|---|---|---|---|---|---|---|
||||Group||Trust||
||||2022|2021|2022|2021|
||||E|||E|
|Financial assets at fair value through|profit|or loss|655,516|438,136|655,516|438,136|
|Gain on financial assets at fair value|through|profit|||||
|orloss|||67,380|86W7|67,380|86,347|