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|||||Page|
|---|---|---|---|---|
|Patrons, Trustees, senior managers||and|advisors||
|Trustees'<br>annual report (Incorporating|||the strategic report)|2-18|
|Statement of|responsibilities<br>ofthe|Trustees||19|
|Independent|auditor's<br>report|||20 —23|
|Consolidated|statement<br>offinancial|activities||24 —25|
|Consolidated|and Trust balance sheets|||26- 27|
|Consolidated|statement<br>ofcash flows||||
|Notes to the|financial statements|||29-57|





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|This subsidiary<br>unde<br>were:|rtakes<br>retail, caterin|g and similar op|
|---|---|---|
||Retail|Catering|
|Turnover||E692k|
|Net Profit/(Loss)|E27k|E63k|
|Spend per visitor|C1.97|E5.02|



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|Scope1(tonnes CO2e)|623|||620||||
|---|---|---|---|---|---|---|---|
|~ Combustion<br>ofgas||||||||
|Scope 2 (tonnes CO2e)||||||||
|~Electricity||||||||
|oLocation-based|607|||502||||
|oMarket-based<br>Total Gross CO2e based on above|1~|||1,122||||
|(tCO2e)<br>Intensity Ratio (tCO2e/m2)|0.0180|||0.0098||||
|Notes:||||||||
|~ Scope 1:Emissions associated with our direct activities, such as heating.<br>~ Scope 2:Emissions related to the electricity we purchase.<br>'Location-based'<br>represents<br>based on the fuel mix ofthe National Grid. 'Market-based'<br>represents<br>the electricity we|||||the CO2e intensity<br>ofour sites<br> have purchased,<br>which is 100%|||
|REGO-backed renewable.||||||||



|The Chatham|Historic Dockyard|2/t60,215|2,377,561|
|---|---|---|---|
|Trust Energy|Consumption<br>Total|3,403,479|3,396,887|
|energy consumed<br>(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 %||||



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||||Restricted Funds||||
|---|---|---|---|---|---|---|
||Notes|Unrestricted|Fitted Rigging||Total|Total|
|||funds|House|Other|2023|2022|
|Income from||6|||||
|Donations<br>and grants||72,835|1,808,657|570~0|2,451,712|1,016,042|
|Charitable<br>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<br>on:|||||||
|Raising funds||1,704,380|||1,704380|1,470,207|
|Charitable<br>activities|||||||
|Preservation<br>Education|10<br>11|2,976,134<br>2,664,693||360454<br>879536|3336,988<br>3~29|2,875,591<br>3,502,580|
|Total charitable<br>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)<br>before gains and losses||98,044|1,808,657|(670,470)|1~~1|(1,042,044)|
|Net Posses)/gains<br>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<br>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<br>and grants||178,051||837,991|1,016,042|1,994,557|
|Charitable<br>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<br>on:|||||||
|Raising funds|9|1,470,207|||1370~7|1,020,090|
|Charitable<br>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<br>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|





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|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<br>properties||17|310454|310454|||
|Investments<br>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<br>Other|||8~0,503<br>9412,469|6,631,846<br>9,882,939|8,440,503<br>9412369|6,631,846<br>9,882,939|
|Total restricted funds||29|17,652,972|16414,785|17,652,972|16,514,785|
|Unrestricted<br>funds|||||||
|Designated<br>funds||30|1330,659|1,119,483|1,330,659|1,119,483|
|Revaluation<br>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)<br>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<br>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.|||||||





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|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||||



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|4<br>Income fro|m donati|ons,<br>including<br>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<br>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<br>Income from other trading activities|6<br>Income from other trading activities|6<br>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<br>&other|functions|||||282,079|210,436|
|Property income||||||168,558|1582i47|
|Other miscellaneous|income||||||1,317|
|||||||1,677,838|1,397,436|
|7<br>Income from investments||||||||
|||||||2023|2022|
|Fixed interest on cash deposits||||||1,371|2,506|
|8<br>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<br>on preservation||||
|---|---|---|---|
|||2023|2022|
|||E||
|Staff and associated costs||431521|330,402|
|Maintenance<br>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<br>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<br>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<br>was as follows:|||
|---|---|---|---|---|
||||2023|2022|
|Key|management|remuneration|530,043|455,926|





## 

||||2023|2022|
|---|---|---|---|---|
|Net income/(expenditure)|is stated after charging:||||
|Depreciation<br>oftangible|assets:||||
|Property, plant|and equipment||250,152|534,465|
|Heritage assets|||555,065|294,454|
|Auditor's<br>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<br>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<br>(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<br>buildings|Ships|and<br>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|





## 



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|17Investment<br>Properties|||
|---|---|---|
|Group|2023|2022<br>6|
|1April|310454|331,704|
|Disposals||(21,150)|
|31March|310,554|310454|



|18Investments<br>—shares in subsidiary<br>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<br>property||
||||||management||
|Historic Dockyard|Property|(2005)Limited|05538093||Property<br>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<br>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<br>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,<br>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<br>(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<br>funds|||||||
|---|---|---|---|---|---|---|---|
|Year ended|31March|2023|At|Gains/||Expend-|At|
||||1April|Transfers|Income in|iture in|31March|
|Group|||2022<br>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<br>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<br>ofinvestment|property||||||
|Net (loss)/gain<br>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<br>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<br>(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|