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14 Investments 2012

2011

Market value at 1 January Additions at cost Sales at book value Investment Property Revaluation Investment Property Transfer Change in Market Value of Non Property Investments Market Value at 31 December

37,544 6,852 (8,144) (25) 345 1,125 37,697

38,376 7,396 (7,944) — — (284) 37,544

Historical Book Value at 31 December

34,500

35,083

(£ ’000)

2012

Analysis of Market value at 31 December

(£’000) Interest bearing stocks and deposits UK stocks Non UK stocks Deposits

Equities: UK Equities: Overseas Programme related investments Freehold land and buildings at valuation Total

2012 (%)

8,138 4,239 584 12,961

21.6 11.2 1.5 34.3

2011 (£’000)

2011 (%)

6,776 5,765 620 13,161

18.0 15.4 1.7 35.1

8,664

23.0

7,927

21.1

14,129

37.5

14,653

34.0

22,793

60.5

22,580

60.1

180

0.5

1,943

5.2

1,623

4.3

37,697

100.0

37,544

100.0

There were no individual holdings of investments which exceeded 5% of the total market value of investments at 31˛December 2012 (nil 2011). Freehold Land and Buildings includes flats held for investment purposes at 7 Hatherley Street which were valued in 2012 at £1.895 million (2009 £1.575 million) by Third Sector Properties, Chartered Surveyors, using the RICS appraisal and valuation manual. Investment properties were valued in 2009 at £1.575 million. The revaluation reduced these by £25,000. At the end of 2012 the ground floor studio at 7 Hatherley Street was valued at £345,000 and transferred to investments. The fund also holds six small undeveloped plots of land in the Bahamas which were bequeathed to them. The investment Property in the Bahamas was revalued as at 31 December 2008 at £47,647 and the management are not aware of any material changes since the last valuation. Total investments properties are now £1.895 million.

15 Debtors and prepayments (£ ’000) Debtors Prepayments Amount due from subsidiary undertaking Accrued income

2012

2011

80 41 4 426 551

63 45 4 218 330

2012

2011

1,930 111 21 2,062

804 166 31 1,001

16 Creditors falling due within one year (£ ’000) Grants payable Accruals Trade creditors

2012 ANNUAL REPORT & REVIEW

33

Seafarers UK, Annual Report 2012  

Seafarers UK charity, Annual Report and Accounts 2012.