## **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
**----- End of picture text -----**
## **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| - 2 - **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 - 3 - ## **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 - 4 - **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 - 5 - ## **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)| - 6 - ## **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 - 7 - ## **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| - 8 - **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. |**4**|**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. - 9 - ## **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**|**SIGNED**at 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 Dilley**Signed the Document| |---|---| |**Fri, 21 May 2021 12:23:58**|Email Notification sent to**Alistair Dilley**| |**Fri, 21 May 2021 12:23:58**|**Helpbox UK**Created 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|| 1 **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** . 2 **Oct 2018** **IER**