2020-12-31-accounts - The Maritime Workshop

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Trustees’ Annual Report for the period

From 01/01/2020 to 31/12/2020

Charity name: The Maritime Workshop

Charity registration number: 292610

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Restoration and conservation of historic craft.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Continued operation of a boatyard to enable members of the public to restore and maintain their own vessels.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees do give due regard.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference Financial management of assets to enable trustees to find improvement to the boatyard Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Consistent with previous years.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	To fund unexpected repair costs.
Amount of reserves held	Para 1.22	£207,362
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Memorandum & Articles.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Company listed by guarantee.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	As per memorandum & articles.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

----- Start of picture text -----
Charity name The Maritime Workshop
Other name the charity uses
Registered charity number 292610
Charity’s principal address 50 Ferrol Road
Gosport
Hants
PO12 4UG
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Names of the charity trustees who manage the charity

----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 I Steele
2 A Dilley
3 J Kundert
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	A.Dilley
	A Dilley
	Secretary
	15/06/2021
	15/06/2021

Company Registration No. 1827526 (England and Wales)

MARITIME WORKSHOP (THE) ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

MARITIME WORKSHOP (THE) ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Company information	3
Directors' report	4
Accountants' report	5
Income statement	6
Statement of financial position	7
Statement of changes in equity	8
Notes to the accounts	9
Detailed profit and loss account	11

MARITIME WORKSHOP (THE) COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020

Directors

Company Number

Registered Office

Accountants

Mr A Dilley Mr I Steele Mr J Kundert

1827526 (England and Wales)

50 Ferrol Road Gosport Hants PO12 4UG

TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN

MARITIME WORKSHOP (THE) (COMPANY NO: 1827526 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 31 December 2020.

Directors

The following directors held office during the whole of the period:

Mr A Dilley Mr I Steele Mr J Kundert

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

A Dilley 24/05/2021 11:30:06

Alistair Dilley

............................................................................

Mr A Dilley Director

Approved by the board on: 19 March 2021

MARITIME WORKSHOP (THE) ACCOUNTANTS' REPORT

Accountants' report to the board of directors of Maritime Workshop (The) on the preparation of the unaudited statutory accounts for the year ended 31 December 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Maritime Workshop (The) for the year ended 31 December 2020 as set out on pages 6 - 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Maritime Workshop (The), as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Maritime Workshop (The) and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maritime Workshop (The) and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Maritime Workshop (The) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Maritime Workshop (The). You consider that Maritime Workshop (The) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Maritime Workshop (The). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

TaxSense Accountants Ltd

203 West Street Fareham Hants PO16 0EN

5 February 2021

MARITIME WORKSHOP (THE) INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

		2020	2019
		£	£
Turnover		63,065	64,728
Cost of sales		(24,328)	(27,691)

Gross surplus		38,737	37,037
Administrative expenses		(23,792)	(43,648)

Operating surplus/(loss)	4	14,945	(6,611)
Interest receivable and similar income		20	40

Surplus/(loss) on ordinary activities before taxation		14,965	(6,571)
Tax on surplus/(loss) on ordinary activities		-	-

Surplus/(loss) for the financial year		14,965	(6,571)

MARITIME WORKSHOP (THE) STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020

		2020	2019
	Notes	£	£
Fixed assets
Tangible assets	5	206,860	208,003
Current assets
Inventories		200	200
Debtors	6	6,555	130
Cash at bank and in hand		12,900	12,467

		19,655	12,797
Creditors: amounts falling due within one year	7	(2,626)	(2,542)

Net current assets		17,029	10,255

Total assets less current liabilities		223,889	218,258
Creditors: amounts falling due after more than one year	8	(16,527)	(25,861)

Net assets		207,362	192,397
Reserves	9
Revaluation reserve		140,912	140,912
Profit and loss account		66,450	51,485

Members' funds		207,362	192,397

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2021 and were signed on its behalf by

A Dilley Mr A Dilley 24/05/2021 11:30:06 Director Alistair Dilley

Company Registration No. 1827526

MARITIME WORKSHOP (THE) STATEMENT OF CHANGES IN EQUITY AS AT 31 DECEMBER 2020

			Profit
	Share	Revaluation	& loss
	capital	Reserve	account	Total
	£	£	£	£
At 1 January 2019	-	140,912	58,056	198,968
Loss for the year			(6,571)	(6,571)

At 31 December 2019	-	140,912	51,485	192,397
At 1 January 2020	-	140,912	51,485	192,397
Profit for the year			14,965	14,965

At 31 December 2020	-	140,912	66,450	207,362

MARITIME WORKSHOP (THE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Statutory information

Maritime Workshop (The) is a private company, limited by guarantee, registered in England and Wales, registration number 1827526. The registered office is 50 Ferrol Road, Gosport, Hants, PO12 4UG.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Fixtures & fittings 18% reducing balances Computer equipment 25% reducing balances

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Investment property

Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.

Operating profit	2020	2019
	£	£
Profit before tax is stated after charging:
Depreciation of tangible fixed assets	1,533	1,756

A number of bad debts have been realised in the accounts. The write off from these bad debts is the primary reason for the loss during the year.

MARITIME WORKSHOP (THE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

5	Tangible fixed assets	Land &	Fixtures &	Computer	Total
		buildings	fittings	equipment
		£	£	£	£
	Cost or valuation	At cost	At cost	At cost
	At 1 January 2020	200,000	125,052	-	325,052
	Additions	-	-	390	390

	At 31 December 2020	200,000	125,052	390	325,442

	Depreciation
	At 1 January 2020	-	117,049	-	117,049
	Charge for the year	-	1,440	93	1,533

	At 31 December 2020	-	118,489	93	118,582
	Net book value
	At 31 December 2020	200,000	6,563	297	206,860
	At 31 December 2019	200,000	8,003	-	208,003
6	Debtors: amounts falling due within one year			2020	2019
				£	£
	Trade debtors			6,338	-
	Accrued income and prepayments			217	130

				6,555	130
7	Creditors: amounts falling due within one year			2020	2019
				£	£
	Other creditors			795	795
	Accruals			1,831	1,747

				2,626	2,542
8	Creditors: amounts falling due after more than one year			2020	2019
				£	£
	Bank loans			16,527	25,861

9 Company limited by guarantee

The company is limited by guarantee and has no share capital.�

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

10 Average number of employees

During the year the average number of employees was 0 (2019: 0).

10 -

MARITIME WORKSHOP (THE) DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

This schedule does not form part of the statutory accounts.

	2020	2019
	£	£
Turnover
Sales	63,065	64,728

Cost of sales
Purchases	8,549	15,031
Subcontractor costs	15,779	12,660

	24,328	27,691

Gross profit	38,737	37,037

Administrative expenses
Travel and subsistence	325	269
Rent	4,364	7,830
Rates	423	832
Light and heat	7,354	9,189
Cleaning	3,477	3,172
Telephone and fax	2,369	2,610
Stationery and printing	261	195
Bank charges	188	278
Insurance	332	844
Repairs and maintenance	1,046	1,281
Depreciation	1,533	1,756
Bad debts	-	11,032
Sundry expenses	87	161
Accountancy fees	1,179	1,905
Other legal and professional	854	2,294

	23,792	43,648

Operating profit/(loss)	14,945	(6,611)

Interest receivable
Interest receivable	20	40

Profit/(loss) on ordinary activities before taxation	14,965	(6,571)

11 -

This Document has been Signed with a secure electronic signature via E-Sign.

Document Details

Title	Maritime Workshop The Accounts 31 December 2020 1
Author	Helpbox UK (documents@helpboxuk.com)
Document Created on	Fri, 21 May 2021 12:23:58
Digital Fingerprint	fg6xrsHPD0Q_qq4bRJjrm63upBv2Cg

Document Signers Scan/Click the QR Code to view signature information

Name	Alistair Dilley
Email	maritimeworkshop@btconnect.com
Status	SIGNEDat Mon, 24 May 2021 11:30:06 UTC+01:00
Signature Fingerprint	WfnpytzXaIa-YmKgKVeYFMnLSE_HOg

Document History

Mon, 24 May 2021 11:30:07	Alistair DilleySigned the Document
Fri, 21 May 2021 12:23:58	Email Notification sent toAlistair Dilley
Fri, 21 May 2021 12:23:58	Helpbox UKCreated the Document

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report	Charity Name The Maritime Workshop

	31stDecember 2020 Charity no (if any) 292610

	1 to 19 (remember to include the page numbers of additional sheets)
	I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2020. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent	I have completed my examination. I confirm that no material matters have
examiner's statement	come to my attention in connection with the examination (other than that
	disclosed below *) which gives me cause to believe that in, any material
	respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:	A.Wheeler Date:	15/06/2021

	A.Wheeler

	ACCA


	Taxsense Accountants Ltd 203 West Street
	Fareham

Oct 2018

IER

P016 OEN

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER