||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|4|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet||7|to|8|
|Notes to the Financial Statements||9 to||21|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E|E|E||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations|and legacies||2|34,246|522|34,768|74,867|
|Charitable|activities|||||||
|Research,|Exhibitions
and Education|||48,257|293,729|341,986|250,312|
|Investment|income|||24||24||
|Total||||82,527|294,251|376,778|325,183|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Research,|Exhibitions
and Education|||106,057|231,003|337,060|256,041|
|NET INCOME/(EXPENDITURE)||||(23,530)|63,248|39,718|69,142|
|Transfers|between
funds||17|148|(148)|||
|Net movement
in funds||||(23,382)|63,100|39,718|69,142|
|RECONCILIATION
OF FUNDS||||||||
|Total funds|brought
forward|||203,150|33,427|236,577|167,435|
|TOTAL FUNDS CARRIED FORWARD||||179,768|96,527|276,295|236,577|
|||BALANCE SHEET|||
|---|---|---|---|---|
|||31 MARCH 2023|||
||||2023|2022|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets
Investments||12
13|5,781
2|296
2|
||||5,783|298|
|CURRENT ASSETS
Debtors
Cash at bank and
in hand||14|241,527
69,715|245,798
43,476|
||||311,242|289,274|
|CREDITORS|||||
|Amounts
falling due within one year||15|(40,730)|(52,995)|
|NET CURRENT ASSETS|||270,512|236,279|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||276,295|236,577|
|NET ASSETS|||276,295|236,577|
|FUNDS
Unrestricted
funds||17|179,770|203,150|
|Restricted
funds|||96,525|33,427|
|TOTAL FUNDS|||276,295|236,577|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F|E|
|Donations||||||||34,768|74,867|
|INVESTMENT|INCOME|||||||||
|||||||||2023|2022|
|||||||||F|E|
|Deposit account||interest||||||24|4|
|All investment|income is||derived|from assets held||in the United|Kingdom.|||
|INCOME FROM||CHARITABLE||ACTIVITIES||||||
|||||||||2023|2022|
||||Activity|||||F|F|
|EU and UK Projects
E&O Delivery
Grants|||Research,
Research,
Research,||Exhibitions
Exhibitions
Exhibitions|and Education
and Education
and Education||279,047
17,003|199,702
1,575
31,709|
|Miscellaneous|||Research,||Exhibitions|and Education||1,850|2,864|
|Exhibition
Admission|||Research,||Exhibitions|and Education||44,086|14,462|
|||||||||341,986|250,312|
|Grants received,||included|in the|above,|are as follows:|||||
|||||||||2023|2022|
|||||||||E|F|
|Job Retention|Scheme|||||||||
||||||||||31,709|
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|5.|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|
|---|---|---|
||Research,
Exhibitions|and Education|
|6.|DIRECT COSTS OF|CHARITABLE|
||||||||Direct|Support||
|---|---|---|---|---|---|---|---|---|---|
||||||||Costs (see|costs (see||
||||||||note 6)|note 7)|Totals|
||||||||F||F|
||Research,|Exhibitions||and Education|||281,708|55,352|337,060|
|6.|DIRECT COSTS OF|||CHARITABLE||ACTIVITIES||||
|||||||||2023|2022|
|||||||||6|E|
||Project time
Activities
undertaken|||directly||||197,761
82,714|166,862
32,623|
||Depreciation|||||||1,233|1,047|
|||||||||281,708|200,532|
|7.|SUPPORT COSTS|||||||||
|||||||||Governance||
||||||||Management
F|costs
E|Totals
f|
||Research,|Exhibitions|||and Education||50,535|4,817|55,352|
||Support costs, included||||in the above, are as follows:|||||
||Management|||||||||
|||||||||2023|2022|
|||||||||Research,||
|||||||||Exhibitions||
|||||||||and|Total|
|||||||||Education|activities|
|||||||||6|E|
||Support costs|||||||50,535|50,388|
||Governance||costs|||||||
|||||||||2023|2022|
|||||||||Research,||
|||||||||Exhibitions||
|||||||||and|Total|
|||||||||Education|activities|
|||||||||F|F|
||Governance||costs|||||4,817|5,121|
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|Depreciation|- owned assets|
|---|---|
|Independent|examiners'
fees|
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|STAFF COS|TS|||||
|---|---|---|---|---|---|
|||||2023|2022|
|Wages and salaries
Social security costs||||179,996
8,966|159„572
6,656|
|Pension costs||||9,399|14,592|
|||||198,361|180,919|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2023|2022|
|||||13|12|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||F|E|E|
|INCOME AND ENDOWMENTS|||FRONI||||
|Donations|and legacies|||60,420|14,447|74,867|
|Charitable|activities||||||
|Research,|Exhibitions|and Education||76,372|173,940|250,312|
|Investment|income||||||
|Total||||136,796|188,387|325,183|
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|Shares|in|
|---|---|
|gl'oup||
|undertakings||
|8||
|||||||'/o|||
|---|---|---|---|---|---|---|---|---|
||Class ofshare|||||holding|||
||Ordinary|||||100|||
||||||||2023|2022|
|||||||||F|
||Aggregate|capital and reserves|||||23,896|22,035|
||Profit for|the year|||||31,084|54,723|
|14.|DEBTORS:AMOUNTS||||FALLING DUE|WITHIN ONE YEAR|||
||||||||2023|2022|
||||||||F|8|
||Trade debtors||||||18,725|48,765|
||Amounts|owed||by group|undertakings||158,448|119,630|
||Other debtors||||||57,366|77,403|
||Prepayments||and accrued income||||6,988||
||||||||241,527|245,798|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||6||
|Trade creditors|||||2,820||
|Social security||and other taxes|||7,650|7,655|
|Other creditors|||||9,472|5,665|
|Deferred|income||||20,788|39,675|
||||||40,730|52,995|
||||||2023|2022
f|
|Brought|forward||||39,675|81,789|
|Amount|released||to incoming|resources|(39,675)|(81,789)|
|Amount|deferred||in year||20,788|39,675|
|Carried|forward||||20,788|39,675|
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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds
E|funds|funds
F|funds
f|
|Fixed assets||5,761||5,781|296|
|Investments||2||2|2|
|Current|assets|191,447|119,795|311,242|289,274|
|Current|liabilities|(17,460)|(23,270)|(40,730)|(52,995)|
|||179,770|96,525|276,295|236,577|
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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.4.22|in funds|funds|31.3.23|
||||||5|6|
|Unrestricted
funds|||||||
|General
fund
E80 Unrestricted|||199,450
3,700|(21,688)|148|177,910
3,700|
|Shipwreck
Museum||||(1,840)||(1,840)|
||||203,150|(23,528)|148|179,770|
|Restricted funds|||||||
|Bouldnor Cliff|||20,934|260||21,194|
|Western Solent|||(5,573)|(4,589)||(10,162)|
|SARCC|||1,953|17,013||18,966|
|CMW Thorns Beach|||4,340|||4,340|
|Rising from the|Depths||860|(674)|(186)||
|Unpath
project|||13,727|20,651||34,378|
|Listening
to the|past|||20,555||20,555|
|Fathoming
the future|||(709)|8,764||8,055|
|Agamemnon|||(2,105)|407||(1,698)|
|Gloucester||||(1,275)||(1,275)|
|New Forest Bus||||(38)|38||
|Women
&PWs||||2,172||2,172|
||||33,427|63,246|(148)|96,525|
|TOTAL FUNDS|||236,577|39,718||276,295|
|Net movement|in funds,|included|in the above are as follows:||||
|Net movement
in funds,
included
in the ab|ove are as follows:|||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources
F|expended
F|in funds
f|
|Unrestricted
funds||||
|General
fund|38,170|(59,858)|(21,688)|
|Shipwreck
Museum|44,357|(46,197)|(1,840)|
||82,527|(106,055)|(23,528)|
|Restricted funds||||
|Bouldnor
Cliff|5,250|(4,990)|260|
|Western Solent|9,170|(13,759)|(4,589)|
|SARCC|107,979|(90,966)|17,013|
|Rising from the Depths|4,839|(5,513)|(674)|
|Unpath
project|27,453|(6,802)|20,651|
|Listening
to the past|32,175|(11,620)|20,555|
|Fathoming
the future|74,551|(65,787)|8,764|
|Agamemnon|2,233|(1,826)|407|
|Gloucester|16,725|(18,000)|(1,275)|
|New Forest Bus|9,876|(9,914)|(38)|
|Women
& PWs|4,000|(1,828)|2, 172|
||294,251|(231,005)|63,246|
|TOTAL FUNDS|376,778|(337,060)|39,718|
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|Comparatives
for movement
in f|unds|||||
|---|---|---|---|---|---|
|||Net|Transfers|||
|||movement|between||At|
||At 1.4.21|in funds|funds||31.3.22|
|||F|F|||
|Unrestricted
funds||||||
|General fund|179,739|17,528|2,|183|199,450|
|E&O Unrestricted|3,605|95|||3,700|
|Shipwreck
Museum|(19,829)|19,829||||
||163,515|37,452|2,|183|203,150|
|Restricted funds||||||
|Bouldnor Cliff|4,135|16,799|||20,934|
|Western Solent|(3,809)|(1,764)|||(5,573)|
|Waves ofChange|13,025|(13,846)||821||
|SARCC|(26,881)|28,834|||1,953|
|NAS Chesil Beach|3,415|(3,176)|(239)|||
|D Day Walls|3,062|(1,940)|(1,122)|||
|CMW Thorns Beach|1,000|3,340|||4,340|
|Rising from the Depths||860|||860|
|SWC Submarines|9,500|(9,123)|(377)|||
|G Wreck|473|(1,400)||927||
|Mayflower 400||2,193|(2,193)|||
|Unpath
project||13,727|||13,727|
|Fathoming
the future||(709)|||(709)|
|Agamemnon||(2,105)|||(2,105)|
||3,920|31,690|(2,183)||33,427|
|TOTAL FUNDS|167,435|69,142|||236,577|
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|Comparative
net movement
in funds,
inclu|ded
in the above are as follows:|||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources|expended|in funds|
||E|E||
|Unrestricted
funds||||
|General
fund
E80 Unrestricted|66,368
95|(48,840)|17,528
95|
|Shipwreck
Museum|70,334|(50,505)|19,829|
||136,797|(99,345)|37,452|
|Restricted funds||||
|Bouldnor
Cliff|26,000|(9,201)|16,799|
|Western Solent|13,945|(15,709)|(1,764)|
|Waves ofChange||(13,846)|(13,846)|
|SARCC|117,294|(88,460)|28,834|
|NAS Chesil Beach||(3,176)|(3,176)|
|D Day Walls|8,660|(10,600)|(1,940)|
|CMW Thorns Beach|5,500|(2,160)|3,340|
|Rising from the Depths|860||860|
|SWC Submarines||(9,123)|(9,123)|
|G Wreck||(1,400)|(1,400)|
|Mayflower 400|2,400|(207)|2,193|
|Un path project|13,727||13,727|
|Fathoming
the future||(709)|(709)|
|Agamemnon||(2,105)|(2,105)|
||188,386|(156,696)|31,690|
|TOTAL FUNDS|325,183|(256,041)|69,142|
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|Limited, a|100|'/o owned|subsidiary
u|ndertaking
ofthe charity.|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||8||
|Recharges|to|Maritime|Archaeology|Limited|172,414|104,209|
|Purchases|||||45,510|14,010|
|Donation|||||29,223|43,915|
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