2021-12-31-accounts

Contents				Page
Trustees' Annual Report (incorporating	the	Directors'	Report)
Independent Examiner's Report to the	Trustees
Statement of Financial Activities
(incorporating the Income and Expenditure		Account)
Balance Sheet
Notes and Accounting Policies

							2021	2020
					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
INCOME				Notes
Donations and legacies					176,573	51,810	228,383	395,356
Income from charitable			activities			75,181	75,181	36,053
Income from	other	trading		activities		6,449	6,449	6,680
Investment income						19,427	19,427	20,294
Total income					176,573	152,867	329,440	458,383
EXPEND1TURE
Cost ofraising funds						29,013	29,013	7,930
Expenditure on charitable				activities
Sailing courses for beneficiaries					79,881	129,036	208,917	68,843
Grants payable					150,696	17,364	168,060	141,910
Other costs						100,000	100,000	133,879
Total expenditure					230,577	275,413	505,990	352,562
Net Income/{expenditure)				for the year	{54,004)	(122,546)	(176,550)	105,821
Transfers between		funds		17	(42,415)	42,415
Net movement	in funds				(96,419)	(80,131)	(176,550)	105,821
Reconciliation	offunds
Total funds brought		forward			537,984	424,723	962,707	856,886
Total funds carried		forward			441,565	344,592	786,157	962,707
2021
							2021	2020
Represented	by:
Fixed assets						666	666	642
Current assets	(including		debtors over one year)		441,565	375,369	816,934	1,003,546
Liabilities						(31,443)	(31,443)	(41,481)
					441,565	344,592	786,157	962,707
2020
							2020	2019
Represented Fixed assets	by:					642	642	509
Current assets	(including		debtors over one year)		537,984	465,562	1,003,546	891,662
Liabilities						(41,481)	(41,481)	(35,285)
					537,984	424,723	962,707	856,886

						2021	2021	2021	2020
						Restricted	Unrestricted	Total	Total
						Funds	Funds
	Fundraising	events					6,449	6,449	6,680
							6,449	6,449	6,680
7	Investment	income
						2021	2021	2021	2020
						Restricted	Unrestricted	Total	Total
						Funds	Funds
	Dividends
	Interest						19,427	19,427	20,294
							19,427	19,427	20,294
	All comparative		income	was unrestricted.
8	Expenditure
						2021	2021	2021	2020
						Restricted	Unrestricted	Total	Total
						Funds	Funds
	Sailing expenses					79,881	84,971	164,852	2,255
	Depreciation						166	166	102
	Support costs (Note 8a)						72,912	72,912	74,416
	Grants payable —Covid19 support to subsidiary				paid	150,696	17,364	168,060	141,910
	Other costs	—provision		against amounts
	due from subsidiary						100,000	100,000	133,879
						230,577	275,413	505,990	352,562

			2021	2020
Amounts	falling due	within one year:
Trade creditors			552	22
Trustee	Loan		25,000	6,000
PAYE and social security			3,191	3,359
Accruals	and deferred	income	2,700	7,100
			31,443	16,481
Amounts	falling due after one year:
Trustee	Loan			25,000
				25,000