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REGISTERED COMPANY NUMBER: 06614575 (England and Wales)
REGISTERED CHARITY NUMBER: 1126192


















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE H.M.S. BEAGLE TRUST

THE H.M.S. BEAGLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 8

THE H.M.S. BEAGLE TRUST (REGISTERED NUMBER: 06614575)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
The trusts' objectives are to maintain and further develop the momentum of the trust's scientific and educational work by chartering or acquiring a suitable HMSBeagle lookalike sailing ship to work with on an interim basis while continuing to pursue the raising of funds for a new ship in N.America and elsewhere as the medium long term educational objective.

The trust was dormant during the year while the trustees continued to consider collaborative arrangements with other organisations to further develop its activities.

FINANCIAL REVIEW
There is no current formal reserves policy in place at present as the charity does not have substantial reserves, but consideration will be given to one once funds permit.

The charity does not hold any funds as a custodian trustee.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Articles & Memorandum of Association, and constitute a limited company, limited by guarantee, as defined by the Companies Act .

Trustees are appointed on the basis of their technical, professional and/or geographical expertise. Consideration is also given to their geographical location with a view to ensuring that there are trustees representing all aspects of the work being undertaken by the charity. The Trustees meet on a regular basis.

There is an also an Executive Committee, which supervises the day-to-day activities of the charity's staff and volunteers. The Executive Committee reports to and is overseen by the Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06614575 (England and Wales)

Registered Charity number
1126192

Registered office
Yelverton House
St John Street
Whitland
Carmartheshire
SA34OAW

Trustees
Mr D O J S Lort-Phillips
Mr I D Campbell
Dr S R Boxall
Miss E A Lort-Phillips
Prof R P Oliver
Prof P Spanu


THE H.M.S. BEAGLE TRUST (REGISTERED NUMBER: 06614575)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Bank
HSBC Bank PLC
41 High Street
Haverfordwest
Pembrokeshire
SA61 2BU

Approved by order of the board of trustees on 30 September 2024 and signed on its behalf by:





Mr D O J S Lort-Phillips - Trustee

THE H.M.S. BEAGLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   

EXPENDITURE ON


Other 250 - 250 300

NET INCOME/(EXPENDITURE) (250 ) - (250 ) (300 )


RECONCILIATION OF FUNDS
Total funds brought forward (1,588 ) 1,901 313 613

TOTAL FUNDS CARRIED FORWARD (1,838 ) 1,901 63 313

THE H.M.S. BEAGLE TRUST (REGISTERED NUMBER: 06614575)

BALANCE SHEET
30 JUNE 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 8 2,301 2,309 2,319

CREDITORS
Amounts falling due within one year 6 (1,846 ) (400 ) (2,246 ) (2,006 )

NET CURRENT ASSETS/(LIABILITIES) (1,838 ) 1,901 63 313

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,838

)

1,901

63

313

NET ASSETS (1,838 ) 1,901 63 313
FUNDS 8
Unrestricted funds (1,838 ) (1,588 )
Restricted funds 1,901 1,901
TOTAL FUNDS 63 313

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2024 and were signed on its behalf by:





Mr D O J S Lort-Phillips - Trustee

THE H.M.S. BEAGLE TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Other resources expended 10 240 250

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.



THE H.M.S. BEAGLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   

EXPENDITURE ON


Other 300 - 300

NET INCOME/(EXPENDITURE) (300 ) - (300 )


RECONCILIATION OF FUNDS
Total funds brought forward (1,288 ) 1,901 613

TOTAL FUNDS CARRIED FORWARD (1,588 ) 1,901 313

5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2023 and 30 June 2024 5,000
DEPRECIATION
At 1 July 2023 and 30 June 2024 5,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 7) 400 400
Accruals and deferred income 1,846 1,606
2,246 2,006

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Other loans 400 400


THE H.M.S. BEAGLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund (1,588 ) (250 ) (1,838 )

Restricted funds
Beagle Trust 1,901 - 1,901

TOTAL FUNDS 313 (250 ) 63

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (250 ) (250 )

TOTAL FUNDS - (250 ) (250 )


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund (1,288 ) (300 ) (1,588 )

Restricted funds
Beagle Trust 1,901 - 1,901

TOTAL FUNDS 613 (300 ) 313

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (300 ) (300 )

TOTAL FUNDS - (300 ) (300 )

THE H.M.S. BEAGLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund (1,288 ) (550 ) (1,838 )

Restricted funds
Beagle Trust 1,901 - 1,901

TOTAL FUNDS 613 (550 ) 63

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (550 ) (550 )

TOTAL FUNDS - (550 ) (550 )

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.