||||Pages|
|---|---|---|---|
|Governance|and Management||1-2|
|Trustees'
Report (including
the Strategic Report)|||3-13|
|Report ofthe|Auditors||14-18|
|Consolidated|Statement ofFinancial Activities|||
|(incorporating|the Statement ofComprehensive|Income)|19|
|Balance Sheets - Group and Trust|||20|
|Consolidated|Statement ofCash Flows||21|
|Notes to the|financial statements||22-50|
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Notes|Funds
E|Funds
f|2021
E|2020
E|
|Income:|||||||||
|Donations
and legacies||||4|333,934|1,693,940|2,027,874|743,253|
|Income from charitable|activities|||5|1,291,855||1,291,855|2,465,710|
|Income from other trading||activities||6|115,389||115,389|146,672|
|Investment
income||||7|18,508||18,508|31,056|
|Other income||||8|1,882,918||1,882,918||
|Total income|||||3,642,604|1,693,940|5,336,544|3,386,691|
|Expenditure:|||||||||
|Costs ofraising funds||||10|6,134||6,134|5,591|
|Charitable
activities||||11|1,366,325|1,137,087|2,503,412|3,225,394|
|Other||||13|242,521|19,756|262,277|238,951|
|Total expenditure|||||1,614,980|1,156,843|2,771,823|3,469,936|
|Net gains
/ (losses) on|investments|||20|102,843||102,843|(57,131)|
|Net incoming
resources|||||2,130,467|537,097|2,667,564|(140,376)|
|Gains / (losses) on revaluation|||offixed||||||
|assets||||19||||138,750|
|Net movement
in funds|||||2,130,467|537,097|2,667,564|(1,626)|
|Reconciliation offunds|||||||||
|Total funds brought forward||||28|13,508,244|11,480,579|24,988,823|24,990,449|
|Total funds carried forward||||28|15,638,711|12,017,676|27,656,387|24,988,823|
##
##
|||||||Group||Trust||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
||||||Notes|F|6|6||
|Fixed assets||||||||||
|Heritage assets|||||18|10,391,035|9,121,805|10,391,035|9,121,806|
|Tangible assets|||||19|5,077,812|5,094,123|88,057|26,807|
|Investment|properties||||19|7,054,662|7,479,662|1,389,661|1,814,661|
|Investments|||||20|1,036,905|938,719|6,262,876|6,164,690|
|||||||23,560,414|22,634,310|18,131,629|17,127,964|
|Current assets||||||||||
|Stock||||||6,570||6,570||
|Debtors|||||21|1,531,223|999,184|1,485,167|1,334,666|
|Cash at bank and||in|hand|||4,697,655|2,861,603|4,386,339|2,412,457|
|||||||6,235,448|3,860,787|5,878,076|3,747, 123|
|Creditors:|amounts||falling|due within||||||
|one
ear|||||22|702,508|985,974|692,016|976,016|
|Net current assets||||||5,532,940|2,874,813|5,186,060|2,771,107|
|Total assets less||current||liabilities||29,093,354|25,509,123|23,317,689|19,899,071|
|Creditors:|amounts||falling|due after one||||||
|year|||||23|(916,667)||(916,667)||
|Provisions|for liabilities||||25|520,300|520,300|||
|Total net assets||||||27,656,387|24,988,823|22,401,022|19,899,071|
|Funds||||||||||
|Restncted|funds||||28|12,017,676|11,480,579|12,017,676|11,480,579|
|Unrestricted|funds||||28|12,823,030|10,692,563|9,863,346|7,898,492|
|Non-Distributable||Reserve|||28|2,815,681|2,815,681|520,000|520,000|
|||||||27,656,387|24,988,823|22,401,022|19,899,071|
##
##
|Forthe|year ended 3|1Ilarch 2021|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||E|
|Cash flow from operating||activities (see|note|a)|338,857|562,49&|
|Cash flow from investing||and financing|activities||||
|Purchase|oftangible
fixed|assets|||(1,815,380)|(1,191,029)|
|Purchase|ofinvestments||||(70,176)|(11,298)|
|Proceeds|from sale ofinvestments||||76,199||
|Proceeds|from disposal of|fixed assets|||2,307,918||
|Proceeds|from bank loans||||1,000,000||
|Net cash|oufflow from investing
and financing|||activities|1,498,561|(1,202,327)|
|Change|in cash and cash equivalents||||1,837,418|(639,829)|
|Cash and|cash equivalents|at 1 April 2020|||3,329,474|3,969,303|
|Cash and|cash equivalents|at 31 March 2021|||5,166,892|3,329,474|
##
##
##
##
|a.
Reconcil|iation|ofn|et income to net c|ash flow from operating
|activities|
|---|---|---|---|---|---|
|||||2021|2020|
|Net income / (expenditure)||for the|year|2,564,721|(83,245)|
|Depreciation||||562,462|488,741|
|Profit on disposal of|assets|||(1,882,918)||
|Increase
in stock||||(6,570)||
|Increase
in debtors||||(532,039)|(80,225)|
|(Decrease) / increase
in creditors||||(366,799)|237,227|
|Net cash provided|by operating||activities|33&,857|562,498|
##
|b.|Changes
in cash a|nd cash equivalents|||
|---|---|---|---|---|
|||At 1 April||At 31 March|
|||2020|Cash flows|2021|
|||F||F|
|Cash|at bank|2,861,603|1,&36,052|4,697,655|
|Cash|with brokers|467,871|1,366|469,237|
|||3,329,474|1,837,418|5,166,892|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Shop fittings and|exhibition|units|20|
|---|---|---|---|
|Office equipment|and furniture||15|
|Catering
equipment
and play area|||10|
|Other equipment|and signposting||10|
|Computer
equipment|||25-33|
|Powerboats|||10|
|Promenade,
interpretation||and lighting|2|
|Boathouse 6|||1-10|
|Improvements
to|leasehold|property|3-4|
##
##
##
##
##
##
##
##
##
##
|3
Comparative||con|solidated
statemen|t
offinancial ac|tivities||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||Funds|Funds|2020|
|Income:|||||||
|Donations
and legacies|||||743,253|743,253|
|Income from charitable|activities|||2,465,710||2,465,710|
|Income from other trading||activities||146,672||146,672|
|Investment
income||||31,056||31,056|
|Total income||||2,643,438|743,253|3,386,691|
|Expenditure:|||||||
|Costs ofraising funds||||5,591||5,591|
|Charitable
activities||||2,419,621|805,773|3,225,394|
|Other||||238,951||238,951|
|Total expenditure||||2,664,163|805,773|3,469,936|
|Net gains / (losses) on|investments|||(57,131)||(57,131)|
|Net outgoing
resources||||P7,856)|(62,520)|(140,376)|
|Gains
/ (losses) on revaluation|||offixed assets|138,750||138,750|
|Net movement
in funds||||60,894|(62,520)|(1,626)|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||13,447,350|11,543,099|24,990,449|
|Total funds carried forward||||13,508,244|11,480,579|24,988,823|
##
##
##
|4 Do|nations
and leg|acies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||Funds|Funds|2021|2020|
||||E|F|6|E|
|Lottery|Fund|||891,608|891,608|384,653|
|Coastal|Forces|||||213,000|
|Historic|England|||94,132|94,132|147,600|
|English|Heritage|||7,600|7,600||
|Cultural|Recovery Fund|||698,600|698,600||
|Donations||||2,000|2,000|(2,000)|
|Coronovirus
Job Retention||Scheme|266,534||266,534||
|Portsmouth
City Council|||55,000||55,000||
|Health|Foundation||12,400||12,400||
||||333,934|1,693,940|2,027,874|743,253|
##
|5 Inc|ome from charitable|activities||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||Funds|Funds|2021|2020|
|||6||5|6|
|Income|from property|562,626||562,626|1,247,544|
|Income|from car park|160,847||160,847|426,750|
|Exhibitions
and Harbour Tours||47,018||47,018|276,935|
|Action|Stations||||19|
|Income|from subsidiaries|521,364||521,364|514,462|
|||1,291,855||1,291,855|2,465,710|
##
||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
|||||||E|
|Training|college|fees|115,389||115,389|146,672|
||||115,389||115,389|146,672|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||6|F|
|Interest on|cash deposited|with|banks|1,248|10,690|
|Interest on|cash deposited|with stockbrokers|||465|
|Dividends|from listed investments||and commission|'I7,260|19,681|
|||||18,508|31,056|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Profit|on|disposal|of|property|1,882,918||
||||||1,882,918||
##
|A summary||ofthe|activitie|s ofthe Tr|ust's wholly owned sub|sidiaries
is set ou|t below:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||||E|
|Profit and loss account|||||||||
|Property
income|||||||597,341|587,462|
|Direct costs|||||||77,561|77,561|
|Administration||costs|||||||
|Pro e||corn|anies||||(388,386)|(327,817)|
|Net profit|||||||131,394|182,084|
|Intra-group|transactions||||||||
|Gain on dis||osal ofassets|||||1,246,219||
|Net comprehensive|||income retained||by the group||1,377,613|182,084|
|10|Cost||of raising funds||||||
||||||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds|2021|2020|
||||||6|6||E|
|Investment|Management|||fees|3,359||3,359|4,768|
|Other direct||costs|||2,775||2,775|823|
||||||6,134||6,134|5,591|
##
##
##
|11
Direct. charitable
ex|penditure||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|2021|2020|
||E|E|E|E|
|Preservation
and related costs|690,063|330,530|1,020,593|1,821,885|
|Costs relating to car park|92,680|8,375|101,055|151,531|
|Harbour Tour costs|159,352||159,352|89,308|
|Access and education|170,701|192,438|363,139|375,644|
|Depreciation|65,896|496,566|562,462|488,741|
|Su
ort costs|187,633|109,178|296,811|298,285|
||1,366,325|1,137,087|2,503,412|3,225,394|
##
||||2021|2020|
|---|---|---|---|---|
||||F|E|
|Wages and|Salaries||224,086|231,426|
|Staff costs|||27,411|12,234|
|Travel and|subsistence||238|5,380|
|Computer costs|||26,372|17,688|
|Telephone,|printing,|postage and stationery|13,527|11,980|
|Bank charges|||1,691|3,393|
|Sundry|||3,486|16,204|
||||296,811|298,285|
##
||||Unrestricted|Restdcted|2021|2020|
|---|---|---|---|---|---|---|
||||F|E|E|E|
|Trustees|fees||1,509||1,509|99,635|
|Legal and|professional|fees|212,542|19,756|232,298|110,366|
|Auditors'|fees||28,470||28,470|28,950|
||||242,521|19,756|262,277|238,951|
##
##
|Notes to the financial statements
For the year ended 31 March 2021
14
Staff Costs|||
|---|---|---|
||2021|2020|
||5|E|
|Staff costs:|||
|Wages and salaries|935,486|1,199,525|
|Social security costs|81,234|92,537|
|Pension costs|42,653|47,942|
||1,059,373|1,340,004|
##
|||2021f|2020
E|
|---|---|---|---|
|Fees for service as Directors and Trustees:||||
|Rear-Admiral|Neil E Rankin CBCBE||9,000|
|Philip A Marriott|||9,000|
|Michael Ridley|||9,000|
|Michel Cohen|||9,000|
|Roger Ching|||9,000|
|David Butters|(Chairman)||16,000|
|Prof Virginia|Gibson||9,000|
|Theresa
Hall|||9,000|
|Steve Pitt|||9,000|
||||88,000|
##
##
##
||||2021|||2020|
|---|---|---|---|---|---|---|
|||Group||Trust|Group|Trust|
|||Number||Number|Number|Number|
|By activity|||||||
|Property|and related activities|18||18|22|22|
|Other trading|||||||
|College|||||||
|Administration|||||||
|||36||36|42|42|
##
##
##
##
##
##
|Group and company
As at 31 March 2021|||||
|---|---|---|---|---|
||Improvements||||
||to leasehold||Powerboats||
||property,|Infrastructure|and LIBOR|Total|
||fixtures etc.|and lighting|project|2021|
|||5|||
|Cost|||||
|At 1 April 2020|8,869,487|2,371,041|2,425,372|13,665,900|
|Additions|1,652,196||97,343|1,749,539|
|Disposals|(2,811)|||(2,811)|
|At 31 March 2021|10,518,872|2,371,041|2,522,715|15,412,628|
|Depreciation|||||
|At 1 April 2020|2,821,680|858,978|863,436|4,544,094|
|Charge for year|289,116|47,253|143,941|480,310|
|Disposals|(2,811)|||(2,811)|
|At 31 March 2021|3,107,985|906,231|1,007,377|5,021,593|
|Net book value at 31 March 2021|7,410,887|1,464,810|1,515,338|10,391,035|
|Net book value at 31 March 2020|6,047,807|1,512,063|1,561,936|9,121,806|
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##
||Group|Trust|
|---|---|---|
|||f|
|At 1 April 2020|7,479,662|1,814,611|
|Disposals|(425,000)|(425,000)|
|At 31 March 2021|7,054,662|1,389,661|
|At 31 March 2020|7,479,662|1,814,611|
|Land
and|buildings
owned
by
Portsmouth
Naval|Base Property|Base Property|Base Property|Company|(Queen
Street)
Limited,
a|(Queen
Street)
Limited,
a|
|---|---|---|---|---|---|---|---|
|subsidiary|company,
are classified as investment|properties.|The properties
are included
in the Group's|||||
|accounts|at a valuation
ofE5,665,000 following a|valuation|of|part ofthe porffolio
by Vail Williams|||on 30|
|September 2019and afurther valuation
ofcommercial
units|||by|Holloway
lliffe LMitchell on 23June|||2021.|
|Although|this represents
a departure
from the requirements||of|the Companies||Act the directors are|ofthe|
|opinion that the carrying
amount
fairly presents
their financial position. The valuation was prepared|||||||on the|
|basis offair value (market value) using the investment
method,||||and|in accordance
with RICS valuation—|||
|Professional
Standards.
The directors are ofthe||opinion
that||there|has been|no material
change|to the|
|value ofthese land and buildings
since that date.||||||||
|If the revalued
investment
properties
had been stated on|||an|historical
cost||rather than
on a fair|value|
|basis the|corresponding
amounts
would
have been - cost||E2,424,019(2020:|||E2,849,019),accumulated||
|depreciation
F399,789 (2020:F369,036).||||||||
|20
Fixed asset investments||||||||
|||||Group||Trust||
|||2021|||2020|2021|2020|
||||||F|||
|Investment|porffolio|1,036,880|||938,694|1,036,880
938,694||
|Interest
in|subsidiary
undertakings
—cost at 1|||||'I4,100,004
14,100,004||
|April||||||||
|Interest
in|subsidiary
undertakings
—additions|||||||
|Interest
in|subsidiary
undertakings
—provision||||-|(8,874,033)
(8,874,033)||
|Interest
in|associated
undertakings||25||25|25|25|
|||1,036,905|||938,719|6,262,876
6,164,690||
##
##
|||2021|2020|
|---|---|---|---|
|||F|F|
|Market value at 1 April 2020||470,823|516,656|
|Less: Disposals||(76,199)||
|Add: Acquisitions
at cost||70,176|11,298|
|Net unrealised/realised
gains|/ (losses)|102,843|(57,131)|
|Market value at 31 II/larch 2021||567,643|470,823|
##
|Investme|nt|porffolio|||||
|---|---|---|---|---|---|---|
|||||Group and Trust|||
|||||2021||2020|
||||Market||Market||
||||Value|Cost|Value|Cost|
||||6||E|E|
|Equities|||232,364|207,409|212,464|211,094|
|Investment|and|unit trusts|335„279|266,539|258,359|277,633|
|Total investments|||567,643|473,948|470,823|488,727|
|Cash available||for investment|469,237|469,237|467,871|467,871|
||||1,036,880|943,185|938,694|956,598|
|||2021|2020|
|---|---|---|---|
|Sequoia||551%|6.01%|
|Blackrock Throgmorton||8.44%|5.89%|
|Bankers Investment|Trust Ord|7.4%|6.86%|
|AstraZeneca|||536%|
##
##
##
##
##
##
|21|Financial assets|and fina|ncial
liabilities|ncial
liabilities|||
|---|---|---|---|---|---|---|
||||Group||Trust||
||||2021|2020|2021|2020|
||||F|F|6||
|Financial|assets at amortised|cost|6,159,625|3,748,407|n/a|n/a|
|Financial|liabilities at amortised|cost|(1,595,936)|(957,432)|n/a|n/a|
|Net financial assets|||4,563,689|2,790,975|n/a|n/a|
|22|Debtors|Debtors||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Trust||
|||||||2021|2020|2021|2020|
|||||||6|F||E|
|Amounts|falling due||within|one|year|||||
|Trade debtors||||||778,406|271,639|242,223|234,893|
|Amounts|owed by subsidiary|||undertakings||||587,187|383,312|
|Other debtors||and VAT||||69,807|127,208|69,807|127,208|
|Prepayments||and accrued income||||683,010|600,337|585,950|589,253|
|Total||||||1,531,223|999,184|1,485,167|1,334,666|
|23
Creditors:|||amounts||falling due within one||year|||
|||||||Group||Trust||
|||||||2021|2020|2021|2020|
|||||||6|6|6||
|Trade creditors||||||225,701|527,404|225,701|527,404|
|PAYE, VAT and social security||||||23,238|28,542|23,238|28,542|
|Amounts|owed to subsidiary|||undertakings||||||
|Accruals and||deferred|income|||370,235|430,027|359,744|420,070|
|Bank loan||||||83,334|1|83,333||
|||||||702,508|985,974|692,016|976,016|
##
|24|Creditors:
amou|nts
falling due after one y|ear|||
|---|---|---|---|---|---|
|||Group||Trust||
|||2021|2020|2021|2020|
|||6||6||
|Bank|loan|916,667||916,667||
|||916,667||916,667||
##
||||Group||Trust||
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||||6|6|
|Balance|at 1 April|2020|188,214|69,248|188,214|69,248|
|Amounts|deferred|in period|141,386|188,214|141,386|188,214|
|Amounts|released|to incoming resources|(146,846)|(69,248)|(146,846)|(69,248)|
|Balance|at 31 March 2021||182,754|188,214|182,754|188,214|
##
|26
Pr|ovisions for|liabilities|||||
|---|---|---|---|---|---|---|
||||Group||Trust||
||||2021
f|2020|2021|2020|
|Deferred tax on revaluation||of|||||
|Investment|properties||520,300|520,300|||
||||520,300|520,300|||
##
##
|Notes to the financial statements
For the year ended 31 March 2021
27
Analysis
of net assets between
funds|Notes to the financial statements
For the year ended 31 March 2021
27
Analysis
of net assets between
funds||||
|---|---|---|---|---|
|Group —year ended 31 March 2021|||||
||Unrestricted
funds|Restricted|funds|Total funds|
||E||||
|Heritage assets||10,391,035||10,391,035|
|Tangible fixed assets|5,077,812|||5,077,812|
|Investment
properties|7,054,662|||7,054,662|
|Fixed asset investments|1,036,905|||1,036,905|
|Current assets|1,476,585||61,208|1,537,793|
|Cash at bank|3,132,222|1,565,433||4,697,655|
|Current
liabilities|(702,508)|||(702,508)|
|Non current
liabilities|(916,667)|||(916,667)|
|Provisions
for liabilities|520,300|||520,300|
|As at 31 March 2021|15,638,711|12,017,676||27,656,387|
|Group —year ended 31 March 2020|||||
||Unrestricted
funds|Restricted|funds|Total funds|
|||||F|
|Heritage assets||9,121,806||9,121,806|
|Tangible fixed assets|5,094,123|||5,094,123|
|Investment
properties|7,479,662|||7,479,662|
|Fixed asset investments|938,719|||938,719|
|Current assets|915,267||83,917|999,184|
|Cash at bank|586,747|2,274,856||2,861,603|
|Current
liabilities|(985,974)|||(985,974)|
|Provisions
for liabilities|520,300|||520,300|
|As at 31 March 2020|13,508,244|11,480,579||24,988,823|
##
##
|Notes to the financial statements
For the year ended 31 March 2021
27
Analysis
ofnet assets between funds|Notes to the financial statements
For the year ended 31 March 2021
27
Analysis
ofnet assets between funds|||
|---|---|---|---|
|Trust —year ended 31 INarch 2021||||
||Unrestricted
funds|Restricted funds|Total fundsf|
|Heritage assets||10,391,035|10,391,035|
|Tangible fixed assets|88,057||88,057|
|Investment
properties|1,389,661||1,389,661|
|Fixed asset investments|6,262,876||6,262,629|
|Current assets|1,430,529|61,208|1,491,737|
|Cash at bank|2,820,906|1,565,433|4,386,339|
|Current
liabilities|(692,016)||(692,016)|
|Non current
liabilities|916667||916667|
|As at 31 March 2021|10,383,346|12,017,676|22,401,022|
|Trust —year ended 31 March 2020|Trust —year ended 31 March 2020|||
|---|---|---|---|
||Unrestricted
fundsf|Restricted funds|Total funds
F|
|Heritage assets||9,121,806|9,121,806|
|Tangible fixed assets|26,807||26,807|
|Investment
properties|1,814,661||1,814,661|
|Fixed asset investments|6,164,690||6,164,690|
|Current assets|1,250,749|83,917|1,334,666|
|Cash at bank|137,601|2,274,856|2,412,457|
|Current
liabilities|976,016||976016|
|As at 31 March 2020|8,418,492|11,480,579|19,899,071|
##
##
|28
Funds|||||||
|---|---|---|---|---|---|---|
|Group|||||||
|||At 1|Incoming|Movement
in|Transfers|Balance at 31|
|||April 2020|resources|period||March 2021|
|||E|F||E|E|
|RESTRICTED FUNDS|||||||
|Millennium
projects|||||||
|Boathouse 6||1,701,554||(77,561)||1,623,993|
|Dockyard Promenade||537,696||(20,277)||517,419|
|Interpretation
and lighting||978,878||(29,060)||949,818|
|Other|||||||
|Leasehold
property||133,955||(17,976)||115,979|
|HLF Resilience||21,324||(16,769)||4,555|
|Powerboats|||||||
|LIBOR||2,157,127||(171,769)||1,985,358|
|Boathouse 4|||||||
|HLF||3,304,356||(147,080)||3,157,276|
|RGF||432,484||(22,762)||409,722|
|Other||180,912|2,000|(9,131)||173,781|
|Cell Block Project|||||||
|RGF||546,766||(28,777)||517,989|
|Store 12,Ropery and South Office|||||||
|Block|||||||
|MoD Dowry||545,008||(103,405)||441,603|
|Cultural
Recovery fund|||698,600|(477,826)||220,774|
|Priddy's
Hard - HLF||462,504|891,608|||1,354,112|
|Ramparts||102,215|53,938|(34,450)||121,703|
|Coastal Forces||228,200||||228,200|
|Historical
England —E Magazine||147,600|47,794|||195,394|
|||11,460,579|1,693,940|(1,156,843)||12,017,676|
|UNRESTRICTED FUNDS|||||||
|General funds||10,692,563|1,831,677|(1,614,980)||10,909,260|
|Designated
funds —Priddy's|Hard||1,913,770|||1,913,770|
|||10,692,563|3,745,447|(1,614,980)||12,823,030|
|NON DISTRIBUTATBLE|RESERVES|2,615,661||||2,815,681|
|TOTAL||24,988,823|5,439,387|(2,771,823)||27„656,387|
##
##
##
##
|Notes to the financial stateme
For the year ended 31 March|nts
2021|||||
|---|---|---|---|---|---|
|28
Funds (cont.)||||||
||At 1|Incoming|Movement
in|Transfers|Balance at 31|
||April 2019|resources|period||March 2020|
||E||E||E|
|RESTRICTED FUNDS||||||
|Millennium
projects||||||
|Boathouse 6|1,779,115||(77,561)||1,701,554|
|Dockyard Promenade|557,973||(20,277)||537,696|
|Interpretation
and lighting|1,007,938||(29,060)||978,878|
|Other||||||
|Leasehold
property|151,931||(17,976)||133,955|
|HLF Resilience|87,696||(66,372)||21,324|
|Powerboats||||||
|LIBOR|2,346,151||(189,024)||2,157,127|
|Boathouse 4||||||
|HLF|3,451,436||(147,080)||3,304,356|
|RGF|455,246||(22,762)||432,484|
|Other|192,044|(2,000)|(9,132)||180,912|
|Cell Block Project||||||
|RGF|545,543||(28,777)||546,766|
|Store 12,Ropery and South Office||||||
|Block||||||
|MoD Dowry|769,110||(194,102)||545,008|
|Priddy's
Hard - HLF|77,851|384,653|||462,504|
|Ramparts|105,865||(3,650)||102,215|
|Coastal Forces|15,200|213,000|||228,200|
|Historical
England —E Magazine||147,600|||147,600|
||11,543,099|743,253|(805,773)||11,480,579|
|UNRESTRICTED FUNDS||||||
|General funds|10,770,419|2,643,438|(2,721,294)||10,692,563|
|NON DISTRIBUTATBLE RESERVES|2,676,931|||138,750|2,815,681|
|TOTAL|24,990,449|3,386,691|(3,527,067)|138,750|24,988,823|
##
##
|Trust|||||||
|---|---|---|---|---|---|---|
|||At 1|Incoming|Movement
in|Transfers|Balance at 31|
|||April 2020
f|resources
f|period
f|f|Ilarch 2021
f|
|RESTRICTED FUNDS|||||||
|Millennium
projects|||||||
|Boathouse 6||1,701,554||(77,561)||1,623,993|
|Dockyard
Promenade||537,696||(20,277)||517,419|
|Interpretation
and lighting||978,878||(29,060)||949,818|
|Other|||||||
|Leasehold
property||133,955||(17,976)||115,979|
|HLF Resilience||21,324||(16,769)||4,555|
|Powerboats|||||||
|LIBOR||2,157,127||(171,769)||1,985,358|
|Boathouse 4|||||||
|HLF||3,304,356||(147,080)||3,157,276|
|RGF||432,484||(22,762)||409,722|
|Other||180,912|2,000|(9,131)||173,781|
|Cell Block Project|||||||
|RGF||546,766||(28,777)||517,989|
|Store 12,Ropery and South Office|||||||
|Block|||||||
|MoD Dowry||545,008||(103,405)||441,603|
|Cultural
Recovery fund|||698,600|(477,826)||220,774|
|Priddy*s Hard - HLF||462,504|891,608|||1,354,112|
|Ramparts||102,215|53,938|(34,450)||121,703|
|Coastal Forces||228,200||||228,200|
|Historical
England —EMagazine||147,600|47,794|||195,394|
|||11,480,579|1,693,940|(1,156,843)||12,017,676|
|UNRESTRICTED FUNDS|||||||
|General funds||7,898,492|2,687,582|(1,390,009)||9,196,055|
|Designated
funds —Priddy's|Hard||667,281|||667,281|
|||7,898,492|3,354,863|(1,390,009)||9,863,346|
|NON DISTRIBUTATBLE|RESERVES|520,000||||520,000|
|TOTAL||19,899,071|5,048,803|(2,546,852)||22,401,022|
##
##
##
||At 1|Incoming|Movement
in|Transfers|Balance at 31|
|---|---|---|---|---|---|
||April 2019|resources|period||March 2020|
||9||E|F||
|RESTRICTED FUNDS||||||
|Millennium
projects||||||
|Boathouse 6|1,779,115||(77,561)||1,701,554|
|Dockyard Promenade|557,973||(20,277)||537,696|
|Interpretation
and lighting|1,007,938||(29,060)||978,876|
|Other||||||
|Leasehold
property|151,931||(17,976)||133,955|
|HLF Resilience|87,696||(66,372)||21,324|
|Powerboats||||||
|LIBOR|2,346,151||(189,024)||2,157,127|
|Boathouse 4||||||
|HLF|3,451,436||(147,080)||3,304,356|
|RGF|455,246||(22,762)||432,484|
|Other|192,044|(2,000)|(9,132)||180,912|
|Cell Block Project||||||
|RGF|545,543||(28,777)||546,766|
|Store 12,Ropery and South Office||||||
|Block||||||
|MoD Dowry|769,110||(194,102)||545,008|
|Priddy's
Hard - HLF|77,851|384,653|||462,504|
|Ramparts|105,865||(3,650)||102,215|
|Coastal Forces|15,200|213,000|||228,200|
|Historical
England —E Magazine||147,600|||147,600|
||11,543,099|743,253|(805,773)||11,480,579|
|UNRESTRICTED FUNDS||||||
|General funds|7,938,432|2,489,724|(2,529,664)||7,898,492|
|NON DISTRIBUTATBLE RESERVES|381,250|||138,750|520,000|
|TOTAL|19,862,781|3,232,977|(3,335,437)|138,750|19,899,071|
##
##
##
##
##
##
##
##
##
|At 31 Ma|rch the Group|held lessor commitments|as follows:|||
|---|---|---|---|---|---|
|||||2021|2020|
|Amounts|due within one year|||1,128,158|1,128,890|
|Amounts|due between|one and five years||2,924,792|3,105,010|
|Amounts|due after five|years||58,325,414|58,848,309|
|||||62,378,164|63,082,209|
|At 31 March the Trust||held lessor commitments|as follows:|||
|||||2021|2020|
|Amounts|due within one year|||527,191|534,106|
|Amounts|due between|one and five years||1,048,685|1,060,206|
|Amounts|due after five|years||32,297,044|32,390,539|
|||||33,872,920|33,984,851|
##
|34
Analysis of|changes|
in net|debt - group||||
|---|---|---|---|---|---|---|
||||1 April 2020|Cash Flows|Noncash|31 March|
||||||changes|2021|
||||||6|6|
|Cash|||3,329,474|1,837,418||5,166,892|
|Loans falling due within|1 year||(1)||(83,333)|83,334|
|Loans falling due after|more than|1 year||(1,000,000)|83,333|(916,657)|
|Balance at 31 March 2021|||2,861,602|188,214|182,754|3,679,654|