Annual Report 2016/17 1 - Littlehampton Harbour · In introducing the Annual Report covering the...

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Annual Report 2016/17Annual Report 2016/17

Annual Report 2016/17

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Littlehampton Harbour Board

Chairman’s Introduction

In introducing the Annual Report covering the activities for the period 1st April 2016 to 31st March 2017 I am pleased to report that the Littlehampton Harbour Board (LHB) continues to meet its statutory obligations as a Public Corporation Trust Port. It is managed by a Board of harbour commissioners who are required to act independently of any political or other responsibilities. In this regard Board Members are individually and collectively responsible to ensure that they and the Harbour Board meet statutory obligations. The port is run as a commercial business with any surpluses being reinvested into port activities to the overall benefit of its wide and diverse range of stakeholders.

Key to the ongoing success of Littlehampton Harbour is the process of income generation and I am pleased to report that the Harbour Master and his team have worked tirelessly to seek out and exploit opportunities. The outcome has been a remarkable year for the LHB. Thanks to the application of sensible and focussed financial husbandry, the team have been able to turn around a forecast budget deficit of some 40 thousand pounds to a small profit. For this they deserve genuine praise.

Since its acquisition in May 2015, the harbour work boat ERICA has been deployed on initiatives ranging from dredging within the harbour boundaries to providing support for the offshore Rampion wind farm located some 8nm to the south of Worthing.

Income from leisure activities during the period of report has remained constant, however, there has been a continual decline in income from commercial shipping activities. The number of commercial ships visiting the port has reduced significantly over recent years although with larger vessels the throughput of stone cargo was only just below forecasted levels. Income from property/land continues to benefit the overall budget process.

A significant financial burden on the organisation is and has been the repayment of historic loans received as precepts from West Sussex County and Arun District Councils. Work to reduce the precept on a year on year basis continues and, as things stand, a major part of the harbour’s loan repayments will be completed within the next decade.

Maintaining the harbour infrastructure was boosted in September 2015 by the publication of a Major Infrastructure Assessment report which has since permitted a structured and affordable programme of work to ensure that structures essential to harbour navigation are maintained at safe and satisfactory levels.

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The requirement for the Harbour Board to oversee the strategic development of the port is underpinned by Government (Department for Transport) guidance published in “Modernising Trust Ports (Second Edition)”. Current legislation specific to Littlehampton Harbour places some constraints on the LHB’s ability to meet it’s governance requirements and the Board is required to report where compliance failures are identified. Actions to resolve any shortcomings are kept under review.

This Annual Report lists a number of Key Performance Indicators which the Board must strive to meet to ensure that the operational effectiveness of the Harbour is sustained and maintained. As we move forward the essential components of ongoing success are ensuring a balanced programme of income generation and not being distracted from the primary purpose of ensuring safe navigation.

Wing Commander Philip Bush Chairman of the Littlehampton Harbour Board

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Overview of the Year Ending March 2017“Any success this year has been down to the hard work and professionalism shown by my staff, particularly those crewing the ERICA who have at times been unbelievably busy.” Billy Johnson, Harbour Master

April 2016 • ERICA employed by green energy firm Saunders Energy

• 10K tons of shingle removed from shoal bank and West Beach

May 2016 • Worthing Foreshore buoys deployed

• General Directions for Littlehampton Harbour published

• LHB staff employed to refurbish Arun Met Mast

June 2016 • Raymond Finch MEP visited the harbour

• Further work for Saunders Energy

• Arun Yacht Club (AYC) Diamond Jubilee

• ERICA employed as Littlehampton Armed Forces Day aerial display guard vessel

• WESSEX EXPLORER completes multibeam survey of harbour

• ERICA used to dredge at Dukes Wharf

• L Guess Jewellers 3.8Km river swim

July 2016 • ERICA employed to conduct dredge work at the

Littlehampton Marina

• ERICA employed by Partrac Ltd servicing waverider buoys on the Rampion windfarm

• LHB staff used for safety boat cover during West Sussex County Council (WSCC) bridge inspection work

August 2016 • Trinity House inspection

• Waterfront Festival 2016

• Baker Consultants contract to conduct noise analysis on Rampion site during piling works

September 2016• ERICA again employed by Partrac Ltd servicing waverider buoys on

the Rampion windfarm

• Dredge Baseline document approved

October 2016 • Buoy recovery for Worthing Foreshore Office

• Crane out at LHB yard

• East Pier boarding repair works

• Crane out at AYC

• Oil Spill Exercise with Oil Spill Response Limited (OSRL) and Environment Agency (EA) Staff

November 2016 • Mackley Construction Ltd employed on West Works

• LHB staff on oil spill training

• Port Marine Safety Code (PMSC) inspection by port’s Designated Person (DP) Peter Nicholson

• AYC racemark recovery by LHB

• ERICA used to tow a houseboat from Shoreham where first launched to Littlehampton Marina

December 2016 • LHB staff training on abrasive wheel use, manual handling,

working at height and slinger/signaller operations

January 2017 • ERICA employed on dredge ops at Littlehampton Marina

• GENERAL VI detained in Littlehampton by Maritime Coastguard Agency (MCA)

• Dredge ops at Pier Road

• Bank retaining wall inspection work at Arundel carried out for Arun District Council (ADC)

February 2017 • Dicker Works repairs carried out by LHB staff

• Littlehampton Bridge Leap event by Arun Divers

• Refurbishment of facilities for visiting yacht’s crews

• Annual oil spill exercise conducted with Tier 2 contractor Adler and Allan Ltd

• Oil Spill Contingency plan approved by MCA

March 2017 • MCA Beach Oil Spill course attended by LHB staff

• MCA approved stability training completed by all staff

• Nick Gibb MP visited harbour

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Key Performance Indicators for Marine Activities (FY 16/17 unless stated)

1 Number of Commercial Calls

1a Total Cargo Tonnage (1,000s)

The Littlehampton Harbour Board leases two wharves to Tarmac Ltd, primarily for the import of quarried granite chippings for their Littlehampton asphalt plant. FY16/17 saw 14 commercial vessels call at the port. This was in part due to the greater cargo capacity of vessels now using the port and in part a result of business interruption caused by the voluntary liquidation of the main shipping agent for the port.

Total cargo tonnage handled by the port was 27,505 tonnes. This was lower than budget estimates but not significantly different to recent averages.

Larger cargo tonnage sizes per vessel have meant that, despite the lower number of ships visiting, the overall commercial shipping income (cargo dues, pilotage dues, harbour dues and marine services to commercial vessels) has not suffered to the same extent.

The LHB remains committed to its duty to maintain an open port and is working with Tarmac Ltd to encourage additional throughput.

2 Number of Harbour Dues Plaques Issued

2a Breakdown of Vessel Size

The number of smaller leisure and commercial vessels issued with annual harbour dues plaques grew slightly and would seem relatively steady over the last few years.

3 Number of Litthampton ‘LI’ registered fishermen

The number of fishing vessels using Littlehampton as their home port has remained steady at 13, there are also two additional vessels administered for at Portsmouth which operate from the port.

4 Overnight Stays at Town Quay

The number of overnight stays at Town Quay has increased significantly. This was in part due to a busy summer 2016, but could also be the result of more effective record keeping allowed by recently purchased Harbour Assist software.

49

26

53

19

63

19

52

21

18

14

19

34

2005/6

2012/13

2006/7

2013/14

2007/8

2014/15

2008/9

2015/16

2009/10 2010/11

2011/12 2016/17

64

40

65

34

81

29

65

26

21

31

22

28

2005/6

2011/12

2006/7

2012/13

2007/8

2013/14

2008/9

2014/15

2009/10

2015/16

2010/11

2016/17

2008/9

2013/14

2009/10

2014/15

20010/11

201516

2011/12

2016/17

2012/13

600

510

539

497

539

470

511

482

505

0

50

100

150

200

250

300 PWC

Dinghy

Leisure Sailors <5m

Leisure Sailors 5-8m

Leisure Sailors 8-11m

Leisure Sailors 11m+

Charter Fisherman 5-8m

Charter Fisherman 8-11m

Charter Fisherman 11+m

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17

25

14

18

13

14

13

14 15

2009

2014

2010

2015

2011

2016

2012 2013

1007

448

1020

508

1021

359

701

461

550

707

2007

2012

2008

2013

2009

2014

2010

2015

2011

2016

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Rough Guide to Conservancy Duty April 16 to March 17

The LHB’s estimated conservancy expenditure for 2016/17 was £140,584. A breakdown of this activity can be seen below.

Conservancy Responsibility

Conservancy Activity Cost (£)

Aid to Navigation (AtN)

Temporary marks established by wall collapse at Arundel

1,800

Repairs and maintenance – navigational

676

Dredge Shoal bank dredge 6,195

Drafting of Dredge Baseline Document

600

Survey Entrance 360

Support to CHP Activity 0

Pilotage Service ERICA maintenance/coding

6,572

Bridge and boat manning

1,911

Safety Patrols (wages) 3,176

Debris Recovery 950

Safety Audit (DP) 2,450

Communications Tide Tables 1,454

Annual Report 780

Publications (incl LNtM) 90

Waterfront Festival 1,293

Board Meetings 2,970

Liaison with outside agencies

Liaison with Police/MCA/HMCG

0

Environmental protection

Impound of vessel 1,000

POLREPS 0

Pollution response 0

Exercises 1,000

Tier II Contract 2,450

Staff Oil Spill Training 0

MCA OPRC Audit 1,000

Infrastructure repairs and maintenance

East Training Wall 314

West Training Wall 21,148

East Pier 5,000

Staff 20% 16/17 staff wages (242,800)

48,560

Training 3,961

Legal and professional fees

Legal and professional 24,374

Strategic Studies Business plan 500

140,584

Where does this money come from? Money spent on conservancy within the port is gathered through Harbour Dues (HDs) paid by both leisure and commercial operators, as well as pilotage charges paid by larger ship owners and from a precept upon the local authorities. A breakdown is provided below.

Total Conservancy Expenditure

£140,584

Precept less debt repayments

206,457 – 146,814 =

£59,643 42.69%

Leisure HDs (Actual figures for YE dated Mar 17)

£57,820 41.38%

Commercial HDs £7,648 5.47%

Pilotage Charges £14,605 10.45%

£139,716 100.00%

Total income incl. pilotage and large commercial vessel charges

£139,716

Guide to Conservancy Activity Funding

10%6%

41%

43%

Precept less debt repayments

Leisure HDs

Commerical HDs

Pilotage Charges

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Key Performance Indicators for Port Marine Safety Code (PMSC) Compliant Management(Calendar year 2016 unless stated)

There were 14 separate incidents logged in the calendar year 2016. A breakdown can be seen below.

These included 2 commercial shipping incidents which did not result in significant damage, injury or pollution. One of these incidents required a report to the Department for Transport’s (DfT) Marine Accident Investigation Branch (MAIB). There were no RIDDOR reportable accidents involving LHB staff and no reports made of reportable accidents elsewhere in the harbour. A diving fatality at sea involving a vessel running from Littlehampton was passed to the Coroner and has been included as an MAIB reportable incident here.

5a Total Number of Incidents

5b Commercial Shipping Incidents

5c Breakdown of Incidents

5d Reportable Incidents

6 Number of LNtMs Published

7 Lifeboat Launches 2016 saw the Littlehampton lifeboats launched to 55 incidents.

8 Number of Compliments and Complaints The Littlehampton Harbour Board received four complaints; three regarding the use of LHB pontoons to accommodate various vessels and one complaint regarding conduct of officers and Board members that was escalated to the DfT. None of these complaints were upheld when reviewed.

Littlehampton Harbour staff received eight written compliments for their work in 2016.

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14

28 33 24 26 14

20

2009

2016

2010 2011 2012 2013 2014

2015

1

2

2 2 0 1 2

3

2009

2016

2010 2011 2012 2013 2014

2015

0

1

2

3

MAIB

HSE

2009 2010 2011 2012 2013 2014 2015 2016

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Port Marine Safety Code Compliance (FY 16/17 unless stated)

Safety Management System The annual review of the Safety Management System (SMS) was conducted by Nicholson’s Risk Management in November 2016 and a revised SMS published in January 2017.

Two types of risk assessment are used within the harbour: a marine operations Risk Assessment is made in accordance with the principles laid down in the PMSC using the MarNIS risk assessment tool and a further set of staff Risk Assessments are carried out in accordance with HSE directives.

All incidents are now logged on MarNIS along with all control measures such as Risk Assessments, SOPs, LNtMs etc. All marine risks identified are currently assessed to be as ‘As Low As Reasonably Practicable’ (ALARP), and all staff Risk Assessments have been reviewed.

Harbour Stakeholder Group The Harbour Stakeholder Group now meets four times a year in January, April, July and October. The group is proving to be a genuinely valuable forum to consult with harbour users, to receive input from other agencies and to promulgate safety information.

Environmental Protection The annual oil spill exercise took place on the river with OSRL and EA staff in October 2016. This was followed by the development of a revised Oil Spill Contingency Plan, which was approved by the MCA following a Tier 2 mobilisation and table top exercise with the Boards new oil spill clean-up contractor Adler and Allan. Two new members of staff attended mandatory 2P training courses as well as a beach clean-up response course hosted by the MCA.

Reporting Requirements Annual returns were submitted to DfT – Maritime Statistics and MCA – OPRC Compliance in January 2016.

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Meet the LHB staff

Marine Staff Harbour Master; Billy Johnson joined the LHB in September 2012. Prior to taking up post in Littlehampton Billy was the Port Hydrographer for Associated British Ports (ABP) in Southampton and served for 8 years as an Officer in the Royal Navy.

Deputy Harbour Master; Lee Harrison joined the LHB in October 2009. During his time at Littlehampton Lee has qualified as a Littlehampton Pilot and has also gained an International Diploma for Harbour Masters. Lee previously studied at Chichester University and has 10

years‘ active service with the RNLI.

Foreman; John Jones joined the LHB in October 2003, John is the longest serving Littlehampton Pilot. John also carries out routine maintenance of the LHB vessels and machinery.

Harbour Attendant; Pocho Pochev joined the LHB as temporary cover in April 2015. Prior to this, Pocho worked on the construction of new flood defences in the river. Pocho has gained his RYA Power Boat Level 2 qualification, first aid and

VHF certificates while with the LHB allowing him to act as cox’n of LHB vessels within the harbour.

Harbour Attendant; Gavin Simmons. Gavin took up a full time position with the RNLI acting as permanent crew based in Chiswick in July 2016. We wish him all the best on the Thames.

Harbour Attendant; Ivan Greer joined the LHB as Gavin’s replacement in August 2016. Ivan is an experienced boat handler and senior helm with the Littlehampton RNLI who has worked with the LHB before.

Casual Harbour Staff The LHB would not be able to function without calling on a number of casual staff to act as additional crew for our vessels, line handling and bridge opening and office manning. Staff receive an induction brief and if used as a cox’n on the water hold a minimum of an RYA Level 2 qualification. Staff used this year were:

Pete Clevett Dave Clevett Brian Flook Susan Harrison Andy Lee Lea O’Neill Laura Robinson

Office Staff Treasurer (P/T); Chris Braby joined the LHB in April 2001. Chris has an accounting background in industry, latterly at board level. Past employers include IBM and The De La Rue Company.

Clerk (P/T); Sue Simpson is a qualified solicitor who joined the Planning Inspectorate in 1990. She continues to work for them when she is not at the LHB.

Accounts and Admin Officer (P/T); Kerrie Whitley was employed by the LHB directly in August 2013 but has worked with LHB since 2011. Kerrie is an AAT qualified bookkeeper and is responsible for the day to day running of the LHB business and accounts administration.

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Projects and Maintenance

Dredging The main dredge effort for conservancy of the harbour remains the management of the shingle which enters the river at the shoal bank by the West Beach. 10K tonnes were removed at the end of FY15/16 and 4K tonnes were removed at the start of FY 17/18.

Working from the beach to excavate shingle is the most cost effective way to ensure the controlling depth at the harbour entrance is maintained. The LHB is committed to working in partnership with the EA, Natural England, the Angmering Park Estate Trust and other local community interest groups as required to ensure that the majority of the material can be put to beneficial use.

The Harbour Board’s primary workboat, ERICA, was also used successfully in her plough dredge configuration to maintain depths at moorings at both LHB and Littlehampton Marina berths.

Workboat Services2016/17 has seen the ERICA cement her position as a very capable operational workboat operating extensively on the Rampion wind farm project and employed laying the seasonal buoys for Worthing Foreshore Office. Marine services accounted for an increasing share of the LHBs commercial income: from just under 10% in FY15/16 to just over 20% in FY16/17.

It is hoped that both the Board’s workboats, ERICA and WINDSONG, will continue to generate revenue as the harbour becomes less dependent on precepted income. This, in turn, will allow us to increase investment in the harbour’s infrastructure and services, and ultimately to reduce Harbour Dues.

Commercial ShippingThe Board remains keen to maximise commercial shipping operations. While numbers of vessels calling at the port have fallen, average cargo volumes per vessel have increased and it is hoped that the LHB will be able to work with Tarmac to increase overall throughput.

Infrastructure RepairWest Works – Ongoing repairs in accordance with within the Board’s 10 year maintenance plan for the harbour infrastructure continues. Following £21K worth of work on the West Works, conducted by Mackley Civil Engineering Ltd, it is hoped that the majority of further works in the medium term will be able to be carried out in house.

East Training Wall (Dicker Works) – Repairs to capping beam and fixings are ongoing.

East Pier – Repairs to the East Pier boarding adjacent to the beach were carried out by harbour staff.

Patrol and EnforcementPrior to the 2017 summer season, and primarily as a result of above budget income towards the end of the financial year, the Harbour Board was able to purchase a Rib which will be used to improve the LHB patrol presence on the river this summer. The Patrol Rib will complement the Board’s enforceable General Directions which apply to all vessels in the harbour and it is hoped will discourage the small minority of river users who behave irresponsibly from doing so.

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Governance

The Board and Its Vision Littlehampton Harbour is managed as a Public Corporation Trust Port by the Littlehampton Harbour Board, which is an independent statutory body. The duties and responsibilities of the LHB are defined by local Acts, principally the Littlehampton Harbour and Arun Drainage Outfall Act 1927 (as amended) and Part II of the West Sussex County Councils Act 1972 (as amended).

The Harbour Board is comprised of eleven members appointed to act as independent harbour commissioners as follows for the period ending March 2017:

Board recruited representative of recreational interestsMr Philip Bush (Chairman)

Member appointed by Environment Agency Mr Richard O’Callaghan

Board recruited representative of commercial interests Mr Matthew Marchant

Members appointed by West Sussex County CouncilCllr Ian Buckland, Cllr Nigel Peters, Cllr Dr James Walsh, Cllr Janet Mockridge

Members Appointed by Arun District CouncilCllr Mike Clayden, Mr Tony Squires, Cllr George Blampied, Cllr Roger Elkins (Vice Chairman)

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Governance

The second edition of ‘Modernising Trust Ports: A Guide to Good Governance’ (MTP2) was published by the Department for Transport in August 2009. The DfT expects all trust ports to take steps to comply with the guidance or to state openly where and why they have decided not to. The LHB last reviewed its governance against this document in February 2014; significant non-compliances and their explanations are outlined below.

Target Level of ReturnThe Board’s annual budget deficit is met by a precept on the two constituent Local Authorities. In the context of the Board’s constitution, a target level of return is not considered appropriate.

In general terms, the running costs of the port are met by income, while existing public works loan debts for infrastructure works are met by the precept, with conservancy activity such as dredging and infrastructure maintenance being broadly covered by statutory levies such as Harbour Dues as well as the precept as required.

Annual Strategy DocumentIt is not considered appropriate to produce a separate annual strategy document: strategic aims are covered by the port’s Business Plan covering the period to 2020, and in yearly reports on the Board’s accounts.

Board StructureLHB’s structure and financial arrangements are laid down in the West Sussex County Council Act of 1972 and amplified in the Constitution document last updated by the Board in December 2013. At present the executive officers are not represented on the Board, but the Harbour Master has always been able to maintain

a direct line of contact with the Board by being present at Board meetings. The Board has subsequently approved an action for this to become an attendance as-of-right, and is to be included in the next draft of the Constitution.

The Board resolved in April 2014 the Board resolved that a skills matrix be completed and that future appointments to the Board taking place in May 2017 be made with a view to increasing relevant skill sets represented on the Board in accordance with the guidance laid down in MTP2. It also was acknowledged in 2014 that there was, in effect, no maximum term of office for Board members and that this went against principles laid down in MTP2. It was agreed to review this in 2019.

Standing Sub CommitteesThe Board has approved standing committees for pilotage (Pilotage Committee) and to examine major infrastructure repair strategy (Infrastructure Project Development Group) in addition to the normal areas of finance, audit and remuneration.

In-House ServicesThe Board provides a limited amount of in-house services (moorings, workboat services, hard-standing and commercial fuel sale). Mooring and hard standing rates are published in the Board’s Schedule of Charges Fees and Dues document which is updated annually.

Commercial fuel retail charges are maintained at a standard level above purchase price to cover costs of retail and avoid unfair competition. Work gained by the harbour’s multipurpose vessel (the ERICA) is won through competitive tendering processes and profit and loss records are kept for each contract. It is not believed that an annual efficiency statement is appropriate to the Board’s operation.

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Financial Key Performance Indicators (FY 16/17)

9 Commercial Rent Income

10 Harbour Dues Income (less commercial shipping)

10a Moorings Income

11 Commercial Shipping Total Income

12 Precept

13 Running Cost

14 Independent Income

14a Marine Services Income

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Finance Including 2016/17 Accounts(Board approved and submitted for external audit)

Explanatory Foreword to the 2016/17 Accounts The final outcome for the year was a small surplus of £257, an improvement over budget of £46,902.

As the year has progressed the Board has been kept informed of the progressive under budget performance of the commercial shipping operation and its offset by additional income generated from rents, moorings and work boat activities which on their own account for 88% of the £80,000 income improvement over budget.

Comparison With Last Year The Accounts for 2015/16 were dominated by the purchase of the multipurpose workboat ERICA with the income containing the balance of the loan from WSCC and the disposal of the retired Pilot Boat “Jumna”. The cost of the vessel was reflected in Capital along with the purchase of the new harbour management software Harbour Assist.

2017£

2017£

2016£

INCOME

Commercial Harbour Dues 23,501 27,696

Pilotage Service 14,605 21,582

Footbridge 26,937 26,937

Commercial Rents 142,163 131,595

Chargeable Services 75,035 45,512

Harbour Dues-Leisure Craft 57,819 56,971

Moorings 78,085 63,076

Income from Investments 222 279

Deferred Loan Income - 222,363

Asset Disposal - 9,167

Miscellaneous Income 6,829 2,978

Local Authority Precepts 206,457 207,494

TOTAL INCOME 631,653 815,650

2017£

2017£

2016£

EXPENDITURE

Employee Costs 242,800 220,837

Accounting, Admin and Audit 15,194 14,550

Legal and Professional Fees 26,824 47,569

Repairs and Maintenance-Premises 14,133 16,334

Repairs and Maintenance-Moorings 4,206 285 Repairs and Maintenance-Harbour Structures 25,622 7,165

Repairs and Maintenance-Navigational 7,231 4,856

Repairs and Maintenance-Boats and Vehicles 17,734 11,628

Equipment Hire 5,385 2,277

Rent and Rates 7,738 16,001

Light and Heat 3,169 2,828

Printing and Stationery 4,905 6,779

Insurance 29,981 26,449

IT Services 9,024 6,678

Telephone 1,383 1,275

Training and Conferences 3,961 4,351

Other Administration Expenses 12,821 9,679

Recoverable Costs 9,214 110

Bank and Credit Card Charges 3,157 2,880

Capital Expenditure 20,275 237,677

Loan Repayments 166,639 173,732

TOTAL EXPENDITURE 631,396 813,940

INCOME LESS EXPENDITURE 257 1,710

2016/17 Actual

£

2016/17 Budget

£

2015/16£

Operational Income

424,974 344,617 376,347

Bank Interest 222 300 279Asset Disposals 0 0 9,167Deferred Income

0 0 222,363

Operational expense

(444,482) (395,907) (402,531)

Loan repayments

(166,639) (177,112) (173,732)

Capital Expense

(20,275) (25,000) (237,677)

Precept Income

206,457 206,457 207,494

TOTAL 257 (46,645) 1,710

Income and Expenditure Account for Year Ended 31st March 2017

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GENERAL FUND ANALYSIS 2017 £

2016 £

Income for the Year 631,653 815,650

Expenditure for the Year (631,396) (813,940)

Transfer to/from Earmarked Reserves - -

Transfer to Reserves 257 1,710

Balance Sheet as at 31st March 2017

Note2017

£2017

£2016

£LONG TERM ASSETS

INVESTMENTS AT COST - -

CURRENT ASSETSDEBTORS 3 49,732 54,945

CASH AT BANK & IN HAND 135,862 132,899

185,594

TOTAL ASSETS 185,594 187,844

CURRENT LIABILITIES

CREDITORS 4 83,000 85,507

CONTIGENT LIABILITIES 5 - -

NET ASSETS 102,594 102,337

REPRESENTED BY

GENERAL FUND 7 35,000 35,000

EARMARKED RESERVES 7 67,594 67,337

102,594 102,337

Notes to the Accounts 2016/2017

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1 Fixed Assets

Operational Freehold Land and

Buildings

Vehicles and Equipment

Infrastructure Assets

Commercial Assets

Total

£ £ £ £ £

At 1 April 2016 1,812,550 420,019 6,813,875 185,079 9,231,523

Revaluation - - - - -

Additions - 7,000 - 13,275 20,275

Disposal - - - - -

At 31 March 2017 1,812,550 427,019 6,813,875 198,354 9,251,798

As part of the Littlehampton Town Flood Defence works carried out on behalf of the Environment Agency, Arun Parade, Nelson Steps and the Pier Road retaining wall were completely rebuilt during 2015. All these assets were treated as disposals and the new structures treated as additions and were valued at insurance rebuild cost. Ownership of these assets is currently under review with the Environment Agency and Arun District Council.

2 Borrowings 2017£

2016£

The Board's borrowings as at 31 March 2017

West Sussex County Council 282,600 298,300

Public Works Loan Board 990,885 1,074,570

1,273,485 1,372,870

Analysis of Loans by maturity

Maturing in

0-5 years 5,582 8,216

5-10 years 809,803 884,354

10-15 years - -

After 15 years 458,100 480,300

1,273,485 1,372,870

3 Debtors 2017£

2016£

Trade Debtors (net of potential bad debt reserve)

27,529 17,766

VAT Recoverable - 10,831

Accrued Income - 5,190

Arun District Council (Payroll Deposit) 16,400 16,400

Prepayments 5,785 4,758

PayPal 18

49,732 54,945

Fixed Assets Owned by the Board Include the FollowingOperational Land & Buildings Vehicles & EquipmentHarbour Offices & Toilets Multi Purpose Pilot & Work Boat

Land at Town Quay Tools & Equipment

Workshops & Land Office Furniture

Customs House & Land Telephone System

Land at UMA Wharf Work Boat

Land at Railway Wharf Work Vehicle

Land at Pages Wharf Patrol Rib

Infrastructure AssetsWest Beach Groyne Commercial AssetsWest Pier Pier Road Pontoons

West Training Wall Town Quay Pontoon

East Pier Dukes Wharf Pontoons

East Training Wall (Dicker Works) Workshop Pontoons

Railway Wharf (Piling) Access Gangway Workshop

Pier Road wall Scrubbing Piles

Town Quay (Piling & Structure)

Arun Parade**(Replaced by flood defences constructed by EA in 2015)UMA Wharf (Mass Concrete)Lighthouse

Mooring Piles West bank

East Navigation Light

Notes to the Accounts 2016/2017

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4 Creditors and Accrued Expenses

2017£

2016£

Trade Creditors 35,626 37,988

Credit Card 3,495 -

Accrued Expense 41,435 37,415

VAT 2,443 10,104

-

83,000 85,507

5 Contingent LiabilitiesA challenge to one of the Board’s charges has been made by a business resident in the harbour.

The court case is likely to be heard in September 2017. The amount of any possible liability for the Board arising from this challenge is not possible to evaluate at this stage thus no charge has been made to the 2016-17 Accounts.

6 Pension CostsIn 2016/2017 the Board paid employer’s contributions of £26,074 (£23,947) representing 19.3% (18.3%) of employees’ pensionable pay into West Sussex County Council Pension Fund, which provides members with defined benefits based on pay and service. The contribution rate is determined by the Fund’s actuary, Hymans Robertson, based on triennial actuarial valuations, the last such review was in March 2017 which has set the rate for the next 3 years (2017/18 to 2019/20) at 19.3%. Under pensions regulations, contribution rates are set to meet 100% of the overall liabilities of the Fund.

Further information can be found in West Sussex County Council Pension Fund Annual Report which is available on request from County Hall, Chichester.

7 Reserves

General Reserves £

Opening Reserve as at 1st April 2016 35,000

Transfers Out 0

Transfers In 0

Closing Reserve as at 31st March 2017 35,000

Earmarked Reserves

Opening Reserve as at 1st April 2016 67,337

2016/17 Surplus 257

Closing Earmarked Reserves as at 31st March 2017

67,594

Total Reserves as at 31st March 2017 102,594

Annual Report 2016/17 1 - Littlehampton Harbour · In introducing the Annual Report covering the...

Documents

Transcript of Annual Report 2016/17 1 - Littlehampton Harbour · In introducing the Annual Report covering the...