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





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted|Total|Total|
||||||funds|funds|funds|funds|
|INCOME||||Notes|||||
|Donations<br>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<br>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<br>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<br>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<br>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|





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|||||||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<br>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|





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||||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|



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