| Page | ||||
|---|---|---|---|---|
| Patrons, Trustees, senior managers | and | advisors | ||
| Trustees' annual report (Incorporating |
the strategic report) | 2-18 | ||
| Statement of | responsibilities ofthe |
Trustees | 19 | |
| Independent | auditor's report |
20 —23 | ||
| Consolidated | statement offinancial |
activities | 24 —25 | |
| Consolidated | and Trust balance sheets | 26- 27 | ||
| Consolidated | statement ofcash flows |
|||
| Notes to the | financial statements | 29-57 |
| This subsidiary unde were: |
rtakes retail, caterin |
g and similar op |
|---|---|---|
| Retail | Catering | |
| Turnover | E692k | |
| Net Profit/(Loss) | E27k | E63k |
| Spend per visitor | C1.97 | E5.02 |
| Scope1(tonnes CO2e) | 623 | 620 | |||||
|---|---|---|---|---|---|---|---|
| ~ Combustion ofgas |
|||||||
| Scope 2 (tonnes CO2e) | |||||||
| ~Electricity | |||||||
| oLocation-based | 607 | 502 | |||||
| oMarket-based Total Gross CO2e based on above |
1~ | 1,122 | |||||
| (tCO2e) Intensity Ratio (tCO2e/m2) |
0.0180 | 0.0098 | |||||
| Notes: | |||||||
| ~ Scope 1:Emissions associated with our direct activities, such as heating. ~ Scope 2:Emissions related to the electricity we purchase. 'Location-based' represents based on the fuel mix ofthe National Grid. 'Market-based' represents the electricity we |
the CO2e intensity ofour sites have purchased, which is 100% |
||||||
| REGO-backed renewable. |
| The Chatham | Historic Dockyard | 2/t60,215 | 2,377,561 |
|---|---|---|---|
| Trust Energy | Consumption Total |
3,403,479 | 3,396,887 |
| energy consumed (kWh) |
|||
| ~ Electricity | |||
| ~ Natural Gas | |||
| The Chatham | Historic Dockyard | 100% | 100% |
| Trust Electricity Renewable % | |||
| Total electricity which is renewable | |||
| / | |||
| The Chatham | Historic Dockyard | 100% | 100% |
| Trust Natural | Gas Carbon Offset % | ||
| Total natural gas which iscarbon | |||
| oHset % |
| Restricted Funds | ||||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Fitted Rigging | Total | Total | ||
| funds | House | Other | 2023 | 2022 | ||
| Income from | 6 | |||||
| Donations and grants |
72,835 | 1,808,657 | 570~0 | 2,451,712 | 1,016,042 | |
| Charitable activities |
5,691,207 | 5,691407 | 4,391,250 | |||
| Other trading activities | 1,677,838 | 1,677438 | 1,397,436 | |||
| Investments | 1,371 | 1371 | 2,506 | |||
| Other income | (900) | |||||
| Total income | 7,443,251 | 1,808,657 | 570,220 | 6,806,334 | ||
| Expenditure on: |
||||||
| Raising funds | 1,704,380 | 1,704380 | 1,470,207 | |||
| Charitable activities |
||||||
| Preservation Education |
10 11 |
2,976,134 2,664,693 |
360454 879536 |
3336,988 3~29 |
2,875,591 3,502,580 |
|
| Total charitable activities |
5,640,827 | 1,240,690 | 6g81 ii17 | 6,378,171 | ||
| Total expenditure | 7,345,207 | 1,240,690 | 8585g97 | 7,848,378 | ||
| Net income/(expenditure) before gains and losses |
98,044 | 1,808,657 | (670,470) | 1~~1 | (1,042,044) | |
| Net Posses)/gains on |
||||||
| investments | 19 | (23,194) | (23,194) | 67,380 | ||
| Net gains on investment | ||||||
| property | 17 | (21,150) | ||||
| Net income (expenditure) | 14 | 74,850 | 1,808,657 | (670,470) | 1213,037 | (995,814) |
| Transfers between funds | ||||||
| Net movement in funds |
74,850 | 1,808,846 | (670,470) | 1413,037 | (995,814) | |
| Funds as at1April 2022 | 2,146,031 | 6,631,846 | 9,882,939 | 18,660416 | 19,656,630 | |
| Funds as at31March 2023 | 29,30 | 2,220481 | 8,440'3 | 9,212,469 | 1947' 53 | 18,660,816 |
| Restricted Funds | ||||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Fitted Rigging | Total | Total | ||
| funds | House | 2022 | 2021 | |||
| Income from: | E | |||||
| Donations and grants |
178,051 | 837,991 | 1,016,042 | 1,994,557 | ||
| Charitable activities |
4,391,250 | 4,391~0 | 3,253,910 | |||
| Other trading activities | 1,397,436 | 1,397~6 | 928,895 | |||
| Investments | 2,506 | ~06 | 3,646 | |||
| Other income | (900) | (900) | 3,190 | |||
| Total income | 837,991 | 6,806,334 | 6,184,198 | |||
| Expenditure on: |
||||||
| Raising funds | 9 | 1,470,207 | 1370~7 | 1,020,090 | ||
| Charitable activities |
||||||
| Preservation | 10 | 2,501,721 | 189,032 | 184,838 | 2,875391 | 2,105,594 |
| Education | 11 | 2,038,645 | 1,463,935 | 3,50~80 | 3,633,228 | |
| Total charitable activities | 4,540366 | 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 income/(expenditure) | ||||||
| before gains and losses | (42,230) | (189,032) | (810,782) | (1,042,044) | (574,714) | |
| Net gains on investments | 19 | 67,380 | 67,380 | 86,347 | ||
| Net gains on investment | ||||||
| property | 17 | (21,150) | (21,150) | 72,668 | ||
| Net income (expenditure) | 14 | 4,000 | (189,032) | (810,782) | (995,814) | (415,699) |
| Transfers between funds | ||||||
| Net movement in funds |
(4,000) | (189,032) | (810,782) | (995,814) | (415,699) | |
| Funds as atIApril 2021 | 2,142,031 | 6,820,878 | 10,693,721 | 19,656430 | 20,072329 | |
| Funds as at31March 2022 | 29,30 | 2,146,031 | 6,631,846 | 9,882,939 | 18,660416 | 19,656,630 |
| As at 31March 202 | 3 | |||||
|---|---|---|---|---|---|---|
| Consolidated | Trust | |||||
| Notes | 2023 | 2022 | 2023 | 2022 | ||
| Fixed assets | ||||||
| Property plant and | equipment | 15 | 2370/74 | 1,264,618 | 2rk60370 | 1,256,467 |
| Heritage assets | 16 | 15/13,157 | 15568,222 | 15,013,157 | 15,568,222 | |
| Investment properties |
17 | 310454 | 310454 | |||
| Investments in subsidiaries |
18 | 26,100 | 1,100 | |||
| Listed investments | 19 | 63M22 | 655416 | 632322 | 655,516 | |
| 18~6W7 | 17,798,910 | 18,132,449 | 17,481,305 | |||
| Current assets | ||||||
| Inventories | 20 | 325395 | 270257 | 237,799 | 211,623 | |
| Debtors | 21 | 1,300~7 | 1,010,581 | 1578,087 | 1,350,501 | |
| Cash and cash equivalents | 2,056,096 | 1,502,568 | 1,787,717 | 1,115,970 | ||
| 3,681,828 | 2,783,406 | 3,603,603 | 2,678,094 | |||
| Creditors: amounts | falling due within one | |||||
| year | 22 | (1g25,477) | (1,412395) | (1,778,621) | (1,340,006) | |
| Net current assets | 1456,351 | 1,370,911 | 1,824,982 | 1,338,088 | ||
| Total assets less current liabilities | 20~2,858 | 19,169421 | 19,957331 | 18,819,393 | ||
| Creditors: amounts | falling due after more | |||||
| than one year | (350,000) | (450,000) | (350,000) | (450,000) | ||
| Provision for deferred tax | (59,005) | (59,005) | ||||
| Net assets | 28 | 19,873,853 | 18,660416 | 19,607~ | 18,369,393 | |
| Funds employed | ||||||
| Restricted funds | ||||||
| Fitted Rigging House Other |
8~0,503 9412,469 |
6,631,846 9,882,939 |
8,440,503 9412369 |
6,631,846 9,882,939 |
||
| Total restricted funds | 29 | 17,652,972 | 16414,785 | 17,652,972 | 16,514,785 | |
| Unrestricted funds |
||||||
| Designated funds |
30 | 1330,659 | 1,119,483 | 1,330,659 | 1,119,483 | |
| Revaluation reserve |
30 | 246,321 | 246,321 | |||
| General | 30 | 643,901 | 780,227 | 623,800 | 735,125 | |
| 30 | 2W0,881 | 2,146,031 | 1,954rkS9 | 1,854,608 | ||
| 28 | 19,873,853 | 18,660,816 | 19,607,431 | 18,369,393 |
| Notes | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Net cash from operating | activities | 1,993,287 | 124,745 | ||||
| Cash flow from investing | activities | ||||||
| Purchase ofproperty, plant | and equipment | (1,455,008) | (60,996) | ||||
| Proceeds from the disposal | ofinvestment | properties | 21,150 | ||||
| (Purchase) ofinvestments | (150,000) | ||||||
| Income from investment | property | 15,249 | 16,242 | ||||
| (1,439.759) | (173,620) | ||||||
| Cash flow from financing | activities | ||||||
| Loan repayments | (100,000) | ||||||
| (100,000) | |||||||
| Net increase/(decrease) in |
cash and cash equivalents | 553428 | (148,875) | ||||
| Cash and cash equivalents | at the beginning | ofthe year | 1,502,568 | 1,651,443 | |||
| Cash and cash equivalents | at the end ofthe year | 2,056,096 | 1,502,568 | ||||
| Cash and cash equivalents | atthe end ofthe year | ||||||
| Restricted fund | |||||||
| Unrestricted funds |
2,056,096 | 1,502,568 | |||||
| Cash and cash equivalents | at the end ofthe | year | 2,056,096 | 1,502,568 | |||
| Cash and cash equivalents | comprise cash | at | bank and in hand. | ||||
| The notes on pages 29to | 57form part ofthese financial statements. |
| Structural | works to buildings | 2% | Computer/AV | equipment | 20% |
|---|---|---|---|---|---|
| Roofs | 4% | Other fixtures | and fittings | 10% | |
| Ships refurbishments | 10% | Plant and machinery | 10% | ||
| Exhibition | equipment | 6.67% | Motor vehicles | 20% | |
| Galleries | 10% | ||||
| Assets under construction | Not depreciated |
| 4 Income fro |
m donati | ons, including gr |
ants | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total 2023 | Total 2022 | ||||
| 6 | |||||||
| Government | grants | ||||||
| -Department | for Digital, Culture, Media | ter Sport | 196,000 | 196,000 | 196,000 | ||
| -Medway Council | 1,808,657 | 1,808,657 | |||||
| -Arts Council | England | (ACE) | 249008 | 249'08 | 633,652 | ||
| Other grants | 3,833 | 24,712 | 28,545 | 174,889 | |||
| Garfield Weston | 100,000 | 100,000 | |||||
| Donations | 19,002 | 19,002 | 11,501 | ||||
| Legacies | 50,000 | 50,000 | |||||
| 72,835 | 2,378,877 | 2,451,712 | 1,016,042 |
| Income | fr | om charitable activities |
||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | f. | |||
| Preservation | -rent &service charges | 4,331,495 | 3,339,318 | |
| Education | —visitor admissions | 1,359,712 | 1,051,932 | |
| 5,691,207 | 4,391,250 |
| 6 Income from other trading activities |
6 Income from other trading activities |
6 Income from other trading activities |
|||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Income from sale of | goods | ||||||
| Retail —gift shop | 151,199 | 90,361 | |||||
| Sales ofrope products | 476,098 | 479362 | |||||
| Catering | 599,904 | 457,113 | |||||
| Income from provision ofservices | |||||||
| Weddings &other |
functions | 282,079 | 210,436 | ||||
| Property income | 168,558 | 1582i47 | |||||
| Other miscellaneous | income | 1,317 | |||||
| 1,677,838 | 1,397,436 | ||||||
| 7 Income from investments |
|||||||
| 2023 | 2022 | ||||||
| Fixed interest on cash deposits | 1,371 | 2,506 | |||||
| 8 Other income |
|||||||
| 2023 | 2022 | ||||||
| (Loss)/Profit on disposal offixed asset | (900) | ||||||
| Future income from | non-cancellable | operating leases | |||||
| 2023 | 2022 | ||||||
| 8 | |||||||
| The Group is due to receive the following | amounts | under non-cancellable | operating | ||||
| leases: | |||||||
| Due next year | 1,461,305 | 1,719,841 | |||||
| Due in 2to 5years | 5,004,023 | 5,428,072 | |||||
| Due after more than | 5years | 10,063,162 | 11,107488 | ||||
| 16,528,491 | 18,255401 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | |||
| Incurred | by the Trust | 630434 | 488,702 |
| Incurred | by the trading subsidiaries | 892,733 | 627300 |
| Depreciation | 4,456 | 4,076 | |
| 1,527,723 | 1,120,078 | ||
| Support | costs allocated to raising funds (seenote 12) | 176,657 | 350,129 |
| 1,704,380 | 1,470,207 |
| 10 Expenditure on preservation |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| E | |||
| Staff and associated costs | 431521 | 330,402 | |
| Maintenance costs |
724,437 | 805,436 | |
| Fitted Rigging House preliminary | expenditure | 920 | |
| Utilities | 912578 | 445,193 | |
| Other direct costs | 417,259 | 476525 | |
| Depreciation | 150,671 | 151,657 | |
| Allocated support costs (see note | 12) | 699,602 | 666378 |
| 3,336,988 | 2,875,591 |
| 11 Expenditure on education |
||
|---|---|---|
| 2023 | 2022 | |
| E | ||
| Staff and associated costs | 1,353,100 | 999308 |
| Other direct costs | 873523 | 1,467,907 |
| Depreciation | 650,090 | 673,366 |
| Other project expenditure | 57,129 | 22,888 |
| Maintenance | 222433 | 186,339 |
| Allocated support costs (see note 12) | 387454 | 152,672 |
| 3,544,529 | 3,502,580 |
| 12 Support | costs | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Staff and associated costs | 878,514 | 786,994 | |
| Office costs | 83,357 | 89,622 | |
| Professional | fees | 26,859 | 25,233 |
| Insurances | 202,818 | 221,222 | |
| Other costs | 52,485 | 23,832 | |
| Governance | costs | 20,080 | 22,276 |
| 1,264,113 | 1,169,179 | ||
| 2023 | 2022 | ||
| Support costs are aBocated as follows: | E | ||
| Raising funds | 176,657 | 350,129 | |
| Preservation | 699,602 | 666,378 | |
| Education | 387,854 | 152,672 | |
| 1,264,113 | 1,169,179 |
| 13Wages and salaries | |||
|---|---|---|---|
| Group | 2023 E |
2022 | |
| Wages and salaries | 2,793,095 | 2,372,952 | |
| Social security costs | 227,591 | 188,590 | |
| Pension scheme —defined contribution | scheme | 155,420 | 139,206 |
| 3,176,106 | 2,700,748 | ||
| Trust | 2023 | 2022 | |
| 6 | |||
| Wages and salaries | 2,469,471 | 2,145,671 | |
| Social security costs | 202,933 | 168,157 | |
| Pension scheme —defined contribution | scheme | 135,016 | 120,931 |
| 2,807,419 | 2,434,759 |
| 3 Wages and salaries (continued) | ||||
|---|---|---|---|---|
| Group | Trust | |||
| Average no.ofpersons employed: | 2023 | 2022 | 2023 | 2022 |
| Number | Number | Number | Number | |
| Preservation | 21 | 20 | 21 | 20 |
| Education | 81 | 78 | 81 | 78 |
| Ropemaking | ||||
| Catering &retail | 25 | 20 | ||
| Support | ||||
| 142 | 133 | 142 | 113 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Key | management | remuneration was as follows: |
||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Key | management | remuneration | 530,043 | 455,926 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Net income/(expenditure) | is stated after charging: | |||
| Depreciation oftangible |
assets: | |||
| Property, plant | and equipment | 250,152 | 534,465 | |
| Heritage assets | 555,065 | 294,454 | ||
| Auditor's remuneration: |
||||
| -Audit (Trust) | 17,400 | 13,750 | ||
| -Audit underprovision | (70) | (1,224) | ||
| -Audit (Subsidiaries) | 12325 | 9,750 | ||
| -Non audit services paid to companies | associated with the auditors | 2,750 | 6,000 | |
| Income received under non-cancellable | operating leases | 1,565388 | 1,336,113 | |
| Operating lease charges |
907 | 907 |
| 15Tangible fixed assets —Pmperty | plant and equipment | |||
|---|---|---|---|---|
| Fixtures, | ||||
| fittings and | ||||
| Group | equipment | Galleries | Assets under | Total |
| construction | ||||
| Cost | ||||
| 1April 2022 | 7,611,311 | 6,938,882 | 14,550,193 | |
| Additions | 10,630 | 138,474 | 1306,904 | 1,455,008 |
| 31March 2023 | 7,621,941 | 6,077,356 | 1,306,904 | 16,006,201 |
| Depreciation | ||||
| 1April 2022 | 6,957,604 | 6,327,971 | 13,285,575 | |
| Charge for year | 103,808 | 146,344 | 250,152 | |
| 31March 2023 | 7,061,412 | 6,474,315 | 13,535,727 | |
| Net book value | ||||
| 31March 2023 | 560,529 | 603,041 | 1306,904 | 2,470,474 |
| 31March 2022 | 653,707 | 610,911 | 1,264,618 |
| 15 Tangible fixed assets —Property | plant and equipment (continued) |
|||
|---|---|---|---|---|
| Fixtures, | ||||
| fittings and | ||||
| Trust | equipment | Galleries | Assets under | Total |
| construction | ||||
| Cost | ||||
| 1April 2022 | 7,475,685 | 6,938,882 | 14,414,567 | |
| Additions | 4,630 | 138,474 | 1,306,904 | 1~0,008 |
| 31March 2023 | 7,480,315 | 7,077,356 | 1,306,904 | 15,864,575 |
| Depreciation | ||||
| 1April 2022 | 6,830,129 | 6,327,971 | 13,158,100 | |
| Charge for year | 99,261 | 146,344 | 245,605 | |
| 31March 2023 | 6,929,390 | 6,474,315 | 13,403,705 | |
| Net book value | ||||
| 31March 2023 | 550,925 | 603,041 | 1,306,904 | 2,460,870 |
| 31March 2022 | 645,556 | 610,911 | 1,256,467 |
| 16Heritage assets | ||||
|---|---|---|---|---|
| Freehold | Collections | |||
| Group and Trust | land and buildings |
Ships | and artefacts |
Total |
| Cost | ||||
| 1April 2022 | 21,389,779 | 3,344,642 | 144,000 | 24,878,241 |
| 31March 2023 | 21,389,779 | 3,344,642 | 144,000 | 24,878,421 |
| Depreciation | ||||
| 1April 2022 | 5,965,557 | 3,344,642 | 15,798,215 | |
| Charge for year | 555,065 | 555,065 | ||
| 31March 2023 | 6,520,622 | 3,344,642 | 9,865,264 | |
| Net book value | ||||
| 31March 2023 | 14,869,157 | 144,000 | 15,013,157 | |
| 31March 2022 | 15,424,222 | 144,000 | 15,568422 |
| 17Investment Properties |
||
|---|---|---|
| Group | 2023 | 2022 6 |
| 1April | 310454 | 331,704 |
| Disposals | (21,150) | |
| 31March | 310,554 | 310454 |
| 18Investments —shares in subsidiary companies - Tru |
st | |
|---|---|---|
| Group | Share capital | Total |
| E | ||
| 1April | 1,100 | 1,100 |
| Reversal ofimpairment | 25,000 | 25,000 |
| 31March | 26,100 | 26,100 |
| Name | Company | number | Activity | |||
|---|---|---|---|---|---|---|
| Master Ropemakers | (I'rading) 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 |
| Chatham | |||||||
|---|---|---|---|---|---|---|---|
| Master | Historic | Historic | Historic | ||||
| Ropemakers | Dockyard | Dockyard | Dockyard | ||||
| (Trading) | Property | Property 2005 | (Trading) | ||||
| Limited | Limited | Limited | Limited | ||||
| 5 | |||||||
| Year ended | 31March 2023 | ||||||
| Turnover | 403,950 | 15,249 | 120,703 | 915,047 | |||
| Expenditure | (337,469) | (13,630) | (16,260) | (824,771) | |||
| Transfer from revaluation | reserve | ||||||
| Distribution | to the Trust | (66,481) | (1,619) | (104,433) | (90,276) | ||
| Result for the year | |||||||
| As at31March 2023 | |||||||
| Assets | 129573 | 338,755 | 103,032 | 210,925 | |||
| Creditors and provisions | (104,573) | (91,434) | (102,932) | (190,825) | |||
| Net assets | 25,000 | 247,321 | 100 | 20,100 | |||
| Year ended | 31March 2022 | ||||||
| Turnover | 429,953 | 16,242 | 118326 | 695,545 | |||
| Expenditure | (317,321) | (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 at31March 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 | 247,321 | 100 | 20,100 | |||
| 19Investments | |||||||
| Group | Trust | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||
| 6 | |||||||
| Listed investments - common investment | funds | ||||||
| As at1April 2022 | 655,516 | 438,136 | 655,516 | 438,136 | |||
| Additions | 150,000 | 150,000 | |||||
| Unrealised | gain/(loss) | (23,194) | 67,380 | (23,194) | 67,380 | ||
| As at31March 2023 | 632,322 | 655016 | 632,322 | 655,516 |
| 19Investments | (continued) | (continued) | ||||
|---|---|---|---|---|---|---|
| Listed investments | comprise | Group | Trust | |||
| 2023 | 2022 | 2023 | 2022 | |||
| E | ||||||
| Investment Fund |
269,435 | 271,755 | 269335 | 271,755 | ||
| Property Fund | 138,324 | 157,284 | 128,324 | 157,284 | ||
| Global Equity | Fund | 224,563 | 226,477 | 224,563 | 226,477 | |
| 632,322 | 655,516 | 632,332 | 655,516 | |||
| Historical cost | 400,000 | 400,000 | 400,000 | 400,000 |
| 0 Inventories | |||||
|---|---|---|---|---|---|
| Group | Trust | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| f. | E | E | |||
| Raw materials | and consumables | 155,284 | 118,310 | 155,284 | 118,3'10 |
| Goods for resale | 170,211 | 151,947 | 82,515 | 93,313 | |
| 325,495 | 270,257 | 237,799 | 211,623 |
| 21Debtor | s | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Group | Trust | ||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| 6 | |||||||||
| Trade debtors | 424,212 | 301,614 | 423,264 | 300,033 | |||||
| Amount | owed | by subsidiary | undertakings | 121,095 | 100,837 | ||||
| Amounts | due | to parent undertaking | —Gift Aid | 262,809 | 324,826 | ||||
| Other debtors | 315,746 | 162,009 | 213,818 | 107,417 | |||||
| Prepayments | and accrued income | 560,279 | 546,958 | 557,101 | 517,388 | ||||
| 1,300,237 | 1,010,581 | 1,578,087 | 1,350,501 |
| 2Creditors: amounts fatling due within one year |
||||
|---|---|---|---|---|
| Group | Trust | |||
| 2023 | 2022 | 2023 | 2022 | |
| Other loan | 100,000 | 100,000 | ||
| Trade creditors | 357,608 | 474,838 | 333,916 | 442,075 |
| Taxation and social security | 55,144 | 47,301 | 55,144 | 47,301 |
| Other creditors | 359,443 | 338,514 | 357,288 | 335,488 |
| Accruals and deferred income (see note 24) | 953,282 | 551,842 | 932,273 | 515,142 |
| 1,825,477 | 1,412,495 | 1,778,621 | 1,340,006 |
| 23 Creditors: amounts falling due after m | ore than one year | |||
|---|---|---|---|---|
| Group | Trust | |||
| 2023 | 2022 | 2023 | 2022 | |
| E | ||||
| Other loan | 350,000 | 450,000 | 350,000 | 450,000 |
| Due within one year | 100,000 | 100,000 | ||
| Due within 1 —2years | 150,000 | 250,000 | 150,000 | 250,000 |
| Due within 2 —5years | 200,000 | 200,000 | 200,000 | 200,000 |
| 450,000 | 450,000 | 450,000 | 450,000 |
| 4 Defer | red income | ||||
|---|---|---|---|---|---|
| Group | Trust | ||||
| 2023 | 2022 | 2023 | 2022 | ||
| E | |||||
| Balance | at1April | 32,139 | 10,565 | 32,139 | 10,565 |
| Amount | released to SOFA | (32,139) | (10,565) | (32,139) | (10565) |
| Amount | deferred in the period | 125,839 | 32,139 | 125,839 | 32,139 |
| Balance | at31March | 125,839 | 32,139 | 125,839 | 32,139 |
| 5Deferred tax | |||||
|---|---|---|---|---|---|
| Group | Trust | ||||
| 2023 | 2022 | 2023 | 2022 | ||
| Arising on property | revaluations: | E | |||
| At 1April | 59,005 | 66,341 | 59,005 | 66&1 | |
| Credit to profit &loss | (4,230) | (4,230) | |||
| Tax on revaluation | (3,106) | (3,106) | |||
| At 31March | 59,005 | 59,005 | 59,005 |
| 28 Analysis | offunds | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Group | ||||||
| Group - as | at 31March | Restricted | Designated | Revalua- | General | Total | Total |
| 2023 | tion | ||||||
| Property, plant and | |||||||
| equipment | 2,074,094 | 213,828 | 182,552 | 396,380 | 2,470ri74 | ||
| Heritage assets | 14,766,036 | 247,121 | 247,121 | 15,013,157 | |||
| Investment | properties | 246321 | 64,233 | 310,554 | 310,554 | ||
| Investments | 632,322 | 632,322 | 632,222 | ||||
| Inventories | 325,495 | 325,495 | 325395 | ||||
| Debtors | 1,300,237 | 1300,237 | 1,300,237 | ||||
| Cash and cash equivalents | 812,842 | 869,710 | 373,544 | 1,243,254 | 2,056,096 | ||
| Creditors | (2,175,477) | (2,175,477) | (2,175,477) | ||||
| Deferred tax | (59,005) | (59,005) | (59,005) | ||||
| 17,652,972 | 1,330,659 | 246,321 | 643,901 | 2,220,881 | 19,873,853 | ||
| Unrestricted | Group | ||||||
| Group —as | at31 March | 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 | 310,554 | ||
| Inventories | 270,257 | 270,257 | 270,257 | ||||
| Debtors | 76,872 | 951,657 | 951,657 | 1,028,529 | |||
| Investments | 655,516 | 655,516 | 655,516 | ||||
| Cash and cash equivalents | 732,707 | 769,861 | 1,502,568 | 1,502,568 | |||
| Creditors | (1,880,443) | (1,880,443) | (1,880,443) | ||||
| Deferred tax | (59,005) | (59,005) | (59,005) | ||||
| 16,514,785 | 1,119,483 | 246,321 | 780,227 | 2,146,031 | 18,660,816 |
| 8Analysis | offunds (continu | ed) | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Trust | ||||||
| Trust - as at31March 2023 | Restricted | Designated | Revalua- | General | Total | Total | |
| tion | |||||||
| 6 | |||||||
| Property, plant and | |||||||
| equipment | 2,074,094 | 213,828 | 172,948 | 386,776 | 2,460,870 | ||
| Heritage assets | 14,766,036 | 247,121 | 247,121 | 15,013,157 | |||
| Inventories | 237,799 | 237,799 | 237,799 | ||||
| Investment | in subsidiaries | 26,100 | 26,100 | 26,100 | |||
| Debtors | 1,578,087 | 1,578,087 | 1,578,087 | ||||
| Investments | 632322 | 632,322 | 632,322 | ||||
| Cash and cash equivalents | 812,842 | 869,710 | 105,165 | 974,873 | 1,787,717 | ||
| Creditors | (2,128,621) | (2,128,621) | (2,128,621) | ||||
| 17,652,972 | 1,330,659 | 623400 | 1,954,459 | 19,607,431 | |||
| Unrestricted | Trust | ||||||
| Trust - as at31March 2022 | 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 | 190580 | 190,880 | 190,880 | ||||
| Investment | in subsidiaries | 1,100 | 1,100 | 1,100 | |||
| Debtors | 336,961 | 915557 | 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 | (1,433,638) | (1,433,638) | (1,433,638) | ||||
| 17414,599 | 1,077,669 | 759,957 | 1,837,626 | 19352,225 |
| 29Restncted funds | ||||||
|---|---|---|---|---|---|---|
| At | Expend- | At | ||||
| Year ended 31March | 2023 | 1April | Transfers | Income | iture | 31March |
| 2022 | 2023 | 2023 | 2023 | 2023 | ||
| Gmup and Trust | 6 | 6 | ||||
| Fixed asset funds | 9,802,672 | (512,158) | 9,290,514 | |||
| Fitted Rigging House | 6,631,846 | (219,672) | 6rt12,174 | |||
| Arts Council England | —NPO | 53,292 | 249,508 | (296,300) | 6,500 | |
| No 1Snuthery | 100,000 | 100,000 | ||||
| Other | 26,975 | 24,712 | (16,560) | 35,127 | ||
| DCMS | 196,000 | (196,000) | ||||
| Fitted Rigging House | (South) | 1,808,657 | 1,808,657 | |||
| 16,514,785 | 2,378,877 | (1,240,690) | 17,652,972 | |||
| At | Expend- | At | ||||
| Year ended 31March | 2022 | 1April | Transfers | Income | itllre | 31March |
| 2021 | 2022 | 2022 | 2021 | 2022 | ||
| Group and Tnist | ||||||
| Fixed asset funds | 10,356,760 | (554,088) | 9,802,672 | |||
| Education programmes | 37,851 | (37,851) | ||||
| Arts Council England | 381,144 | (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) | ||||
| 17,514,599 | 837,991 | (1,837,805) | 16,514,785 |
| n the | coming years | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Due | next year | 2,954 | 2,954 |
| Due | in the next 2to5years | 4,431 | 7,385 |
| 7,385 | 10,339 |
| ther servic | es to its | subsidiaries, details |
ofthese are as follo | ws: | ||
|---|---|---|---|---|---|---|
| Chatham | Master | Historic | Historic | Total 2023 | ||
| Historic | Ropemakers | Dockyard | Dockyard | |||
| Dockyard | Trading Ltd | Property Ltd | Property(2005) | |||
| (Trading) Ltd | Lt&i | |||||
| 6 | E | |||||
| From the | Trust: | |||||
| Employment | 334,470 | 33,606 | 368,076 | |||
| rechar gee | ||||||
| Rent | 19,000 | 19,000 | ||||
| Utilities | 3,633 | 3,633 | ||||
| Rope purchases | 278,870 | 278,870 | ||||
| Finance and | 5,340 | 5,340 | ||||
| insurance | costs | |||||
| 357,103 | 312,476 | 5,340 | 674,918 | |||
| Amounts | owed | 64,048 | 30,888 | 29,245 | (3,086) | 121,095 |
| from/ (to): |
| 4Related | Party Tr | ansactions (continue |
d) | |||
|---|---|---|---|---|---|---|
| Chatham | Master | Historic | Historic | Total 2022 | ||
| Historic | Ropemakers | Dockyard | Dockyard | |||
| Dockyard | Trading Ltd | Property Ltd | Property(2005) | |||
| (Trading) Ltd | Ltd | |||||
| From the | Trust: | |||||
| Employment | 247382 | 24,114 | 271396 | |||
| recharges | ||||||
| Rent | 19,000 | 19,000 | ||||
| Audit fee | 3,750 | 3,500 | 1,250 | 1,250 | 9,750 | |
| recharges | ||||||
| Postage costs | 1300 | L500 | ||||
| Utilities | ||||||
| Rope purchases | 265,123 | 265,123 | ||||
| Finance and | 3,779 | 3,779 | ||||
| insurance | costs | |||||
| 270,232 | 292,737 | 6,529 | 1,250 | 570,749 | ||
| Amounts | owed | 1,470 | 25,312 | 18,428 | 55,627 | 100837 |
| from/(to): |
| Group | Trust | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| Financial assets at fair value through | profit or loss | 632,322 | 655416 | 632322 | 655416 | |
| (Loss)/Gain | on financial assets at fair | value through | ||||
| profit or loss | (23,194) | 67,380 | (23,194) | 67,380 |
| 30Unrestrict | ed funds |
||||||
|---|---|---|---|---|---|---|---|
| Year ended | 31March | 2023 | At | Gains/ | Expend- | At | |
| 1April | Transfers | Income in | iture in | 31March | |||
| Group | 2022 f |
2023f | 2023 | 2023 | 2023f | ||
| Designated | funds | ||||||
| Fixed assets | 386,776 | 143,104 | (68,931) | 460,949 | |||
| Maintenance | and development | 732,707 | 92,867 | 44,136 | 869,710 | ||
| Revaluation | 246,321 | 246,321 | |||||
| General | 780,227 | (259,165) | 7,399,115 | (7,276,276) | 643,901 | ||
| 2,146,031 | (23,194) | 7,443,251 | (7,541,207) | 2,220,881 | |||
| Year ended | 31March | 2022 | At | Gains/ | Expend- | At | |
| 1April | Transfers | Income in | iture in | 31March | |||
| Group | 2021 | 2022 | 2022 f |
2022 | 2022f | ||
| 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 | (18,044) | 246,321 | |||||
| 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 | 2023 | At | Gains/ | Expend- | At | |
| 1April | Transfers | Income in | iture in | 31March | |||
| 2022 | 2023 | 2023 | 2023 | 2023 | |||
| f | |||||||
| Designated | funds | ||||||
| Fixed assets | 386,776 | 143,104 | (68,931) | 460,949 | |||
| Maintenance | and development | 732,707 | 92,867 | 44,136 | 869,710 | ||
| General | 735,125 | (259,165) | 6,526,925 | (6,379,085) | 623,800 | ||
| 1,854,608 | (23,194) | 6,571,061 | (6,448,016) | 1,954,459 | |||
| 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 |
| 31Reconciliation ofnet in | come | to net | cash outflow from ope | rating activities | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 6 | ||||||
| Net income/(expenditure) | 1,213,037 | (995,814) | ||||
| Depreciation ofproperty, | plant | and equipment | 250,152 | 304,652 | ||
| Depreciation ofheritage assets | 555,065 | 524,447 | ||||
| Profit on disposal oftangible fixed assets | ||||||
| Loss on disposal ofinvestment | properties | |||||
| Rental income | (15,249) | (16,226) | ||||
| Revaluation ofinvestment |
property | |||||
| Net (loss)/gain on investments |
23,194 | (67,380) | ||||
| (Increase)in inventories | (55,238) | (29,093) | ||||
| (Increase)in debtors | (289,656) | (90,896) | ||||
| Increase in creditors | 312,982 | 502,391 | ||||
| Movement in deferred tax |
provision | (7,336) | ||||
| Net cash provided by from operating | activities | 1,993,287 | 124,745 | |||
| 32Analysis ofnet debt | At 1April | Cash flows | At 31March | |||
| 2022 | 2023 | |||||
| Cash at bank and in hand | 1,502,568 | 553,528 | 2,056,096 | |||
| Loans | (450,000) | (450,000) | ||||
| Net cash inflow from operating | activities | 1,052,568 | 553,528 | 1,606,096 |
| n the | coming years | ||
|---|---|---|---|
| 2023 | 2022 | ||
| E | |||
| Due | next year | 2,954 | 2,954 |
| Due | in the next 2to5years | 4,431 | |
| 7,385 | 10,339 |
| Chatham | Master | Historic | Historic | Total 2023 | ||
|---|---|---|---|---|---|---|
| Historic | Ropemakers | Dockyard | Dockyard | |||
| Dockyard | Trading Ltd | Property Ltd | Property(2005) | |||
| (Trading) Ltd | Ltd | |||||
| From the | Trust | |||||
| Employment | 334,470 | 33,606 | 368,076 | |||
| recharges | ||||||
| Rent | 19,000 | 19,000 | ||||
| Utilities | 3,633 | 3,633 | ||||
| Rope purchases | 278,870 | 278,870 | ||||
| Finance and | 5,340 | 5,340 | ||||
| insurance | costs | |||||
| 357,103 | 312376 | 5,340 | 674,918 | |||
| Amounts | owed | 30,888 | 29,245 | (3,086) | 121,095 | |
| from/(to): |
| 4Related | Party Tr | ansactions (continue |
d) | |||
|---|---|---|---|---|---|---|
| Chatham | Master | Historic | Historic | Total 2022 | ||
| Historic | Ropemakers | Dockyard | Dockyard | |||
| Dockyard | Trading Ltd | Property Ltd | Property(2005) | |||
| (Trading) Ltd | Ltd | |||||
| E | ||||||
| Fmm the | Tnist: | |||||
| Employment | 247,482 | 24,114 | 271,596 | |||
| recharges | ||||||
| Rent | 19,000 | 19,000 | ||||
| Audit fee | 3,750 | 1,250 | 1,250 | 9,750 | ||
| recharges | ||||||
| Postage costs | 1,500 | 1,500 | ||||
| Utilities | ||||||
| Rope purchases | 265,123 | 265,123 | ||||
| Finance and | 3,779 | |||||
| insurance | costs | |||||
| 270,232 | 292,737 | 6,529 | 1,250 | 570,749 | ||
| Amounts | owed | 1,470 | 25,312 | 18,428 | 55,627 | 100,837 |
| from/(to): |
| 35Financial | instruments | ||||
|---|---|---|---|---|---|
| Group | Trust | ||||
| 2023 | 2022 | 2023 | 2022 | ||
| 6 | E | ||||
| Financial assets atfair value through profit or loss | 632322 | 655,516 | 632322 | 655416 | |
| (Loss)/Gain | on financial assets at fair value through | ||||
| profit or loss | (23194) | 67380 | (2319 ) | 67~0 |