## **Trustees’ Annual Report for the period**
**From 01.09.20 Period start date To 31.08.21 Period end date**
**Charity name: Andrew Cassell Foundation Charity registration number: 1057742**
## **Objectives and Activities**
SORP reference Summary of the purposes of Para 1.17 **To support individuals with disabilities,** the charity as set out in its **mainly physical and sensory, to take part** governing document **in yacht racing and cruising and to encourage the integration of those sailors with disabilities with able bodied sailors.** Summary of the main Para 1.17 and **Sailing/racing/training on alternate** 1.19 activities in relation to those **weekends and Thursday evenings** purposes for the public **throughout the year. Developments and** benefit, in particular, the **adaptations for equipment to support** activities, projects or **greater disabilities along with training of** services identified in the **new volunteers post Covid.** accounts. Statement confirming Para 1.18 **The Trustees continue to understand the** whether the trustees have **public benefit and for this reason have** had regard to the guidance **been striving to make the sport more** issued by the Charity **accessible through upgrading** Commission on public **equipment, working with local** benefit
**The Trustees continue to understand the public benefit and for this reason have been striving to make the sport more accessible through upgrading equipment, working with local organisations and enhanced training for volunteers.**
**Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
SORP reference
-
Para 1.38
Policy on grant making
-
Para 1.38
**----- End of picture text -----**
Policy on grant making Policy on social investment including program related investment Contribution made by volunteers
**We are heavily reliant on volunteers to** Para 1.38 **help support the disabled people. Post Covid a great deal of time has been spent training new volunteers which has**
1
**proved to be a success as their independence has grown and continues to do so.** Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The charity has continued to grow post**
**Covid 19 with a the introduction of new**
**disabled individuals.**
**Individuals have become more**
**independent and progress well both**
**within and outside of the sport, key**
**examples of which can be viewed within**
**the Features section of our website.**
**Most notable is Ian who will be sailing**
**around the UK from August 2022 taking**
**time out to promote the charity as his**
**way of saying thank you.**|
**Additional information (optional)** You may choose to include further statements where relevant about:
||||||
|---|---|---|---|---|
||Achievements against
objectives set|Para 1.41|||
||Performance of fundraising
activities against objectives
set|Para 1.41|||
||Investment performance
against objectives|Para 1.41|||
||Other||||
||||||
2
## **Financial Review**
||Review of the charity’s||Para 1.21|||**See separate attachment**||
|---|---|---|---|---|---|---|---|
||financial position at the end|||||||
||of the period|||||||
||Statement explaining the||Para 1.22|||**There is no policy for holding reserves,**||
||policy for holding reserves|||||**however this is be revisited.**||
||stating why they are held|||||||
||Amountof reservesheld||Para 1.22|||**£0.00**||
||Reasons for holding zero||Para 1.22|||**The trustees felt that is was not**||
||reserves|||||**necessary but as the charity is growing**||
|||||||**this will be reviewed during next year.**||
||Details of fund materially in||Para 1.24|||**There is no fund that is materially in**||
||deficit|||||**deficit.**||
||Explanation of any||Para 1.23|||**There are no uncertainties as the charity**||
||uncertainties about the|||||**has a healthy bank balance, continues to**||
||charity continuing as a going|||||**operate and has sufficient reserves to**||
||concern|||||**cover expenses.**||
||**Additional information (optional)**|||||||
||You may choose to include further statements||||where relevant about:|||
|||||||**-**||
||The charity’s principal|||||||
||sources of funds (including||Para 1.47|||||
||any fundraising)|||||||
|||||||||
|||||||**-**||
||Investment policy and|||||||
||objectives including any||Para 1.46|||||
||social investment policy|||||||
||adopted|||||||
|||||||||
|||||||**-**||
||A description of the principal||Para 1.46|||||
||risks facing the charity|||||||
|||||||||
|||||||**-**||
||Other|||||||
|||||||||
3
## **Structure, Governance and Management**
Description of charity’s trusts: Type of governing document Para 1.25 **Service Provider is the governing** (trust deed, royal charter) **document** How is the charity Para 1.25 **The charity is an unincorporated** constituted? **association.** (e.g unincorporated association, CIO) Trustee selection methods Para 1.25 **Managed by the current Trustees, the** including details of any **selection methods used are one or more** constitutional provisions e.g. **of the following: a connection to the** election to post or name of **sailing industry, a history of supporting** any person or body entitled **the Foundation, experience in a particular** to appoint one or more **field (e.g. Treasurer) and a passion to** trustees **support disabled individuals to have access to the sport.**
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|**-**|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**-**|
|Relationship with any related
parties|Para 1.51|**-**|
|Other||**-**|
## **Reference and Administrative details**
|Charity name|Andrew Cassell Foundation|
|---|---|
|Other name the charity uses|No other names|
|Registered charity number|1057742|
|Charity’s principal address|16 Bellevue Road
Cowes
PO31 7HL|
|||
4
## **Names of the charity trustees who manage the charity**
**Trustee name Office (if any)** 1 Daniel Mark Lane Chairman 2 Paul Gomm Secretary 3 Mark Charles Hart Treasurer 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
**Dates acted if not for whole Name of person (or body) entitled year to appoint trustee (if any)**
– Corporate trustees names of the directors at the date the report was approved **Director name Not applicable**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year Not applicable**
5
**----- Start of picture text -----**
Funds held as custodian trustees on behalf of others
Description of the assets None
held in this capacity
Name and objects of the None
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for None
safe custody and
segregation of such assets
from the charity’s own assets
**----- End of picture text -----**
## **Additional information (optional)**
**----- Start of picture text -----**
Names and addresses of advisers (Optional information)
Type of Name Address
adviser
None
Name of chief executive or names of senior staff members (Optional information)
N/A
**----- End of picture text -----**
## **Exemptions from disclosure**
**----- Start of picture text -----**
Reason for non-disclosure of key personnel details
None
Other optional information
None
**----- End of picture text -----**
6
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**----- Start of picture text -----**
Signature(s)
Mark Hart
Full name(s) Daniel Lane
Position (eg Secretary, Chairman
Chair, etc)
Date
**----- End of picture text -----**
7
||Charity No
(if any)
1057742
Period start date
01/09/2020
**To**
Period end
date
31/08/2021
Andrew Cassell Foundation (Racing for the disabled)
Annual accounts for the period|Charity No
(if any)
1057742
Period start date
01/09/2020
**To**
Period end
date
31/08/2021
Andrew Cassell Foundation (Racing for the disabled)
Annual accounts for the period|
|---|---|---|
|**Section A**|**Statement of financial activities**||
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
14,412
25,400
-
39,812
14,938
9,328
-
-
9,328
5,304
-
-
-
-
-
1
-
1
3
-
-
-
-
-
-
-
-
-
-|
|||23,740
25,400
-
49,140
20,245|
|||156
-
156
13,929
21,358
5,148
-
26,505
1,575
-
-
-
-
-
1,059
-
-
1,059
-|
|||22,573
5,148
-
27,721
15,504|
||||
|||1,167
20,252
-
21,420
4,742|
|||-
-
-
-
-|
|||1,167
20,252
-
21,420
4,742|
|||-
-
-
-
-
5,000
5,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|||6,167
15,252
-
21,420
4,742|
|||8,141
-
-
8,141
3,400|
|||14,309
15,252
-
29,561
8,141|
||||
8
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
- -
- -
11,000 -
- 11,000
- -
- -
- - - -|**Total last**
**year**
**£**
F05|
|---|---|---|---|
||||-
6,000
-
-|
|||11,000 -
- 11,000|6,000|
|||- -
- -
2,210 - - 2,210
- -
- -
2,724 15,252
- 17,977||
||||-
-
-
11,879|
|||4,934 15,252
- 20,186|11,879|
||||9,737|
|||1,625 - - 1,625||
|||||
|||3,309 15,252
- 18,561|2,141|
|||||
|||14,309 15,252
**-**29,561|8,141|
||||-
-|
|||- - - -
- -
- -||
|||||
|||14,309 15,252 -
29,561|8,141|
|||-
- -
15,252
15,252
8,309
- 8,309
6,000
6,000||
||||-
-
2,141
6,000|
|||14,309 15,252
- 29,561|8,141|
|||Print Name
Signature|Date of
approval
dd/mm/yyyy|
9
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE ANDREW CASSELL FOUNDATION (RACING FOR THE DISABLED) ON THE ACCOUNTS FOR THE YEAR ENDING 31 AUGUST 2021**
I report on the accounts of the Charity for the year ended 31 August 2021, which are set out on pages 1 to 30.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the 2011 Charities Act. My examination has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our examination, for this report, or for the opinions we have formed.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is my responsibility to:
- Examine the accounts under section 145 of the 2011 Act;
- To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, as amended); and
- To state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- proper accounting records are kept (in accordance with section130 of the 2011 Act); and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mark Paxton FCCA Bright Brown Limited Dated: 29 June 2022
Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ
10
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
Yes
- -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that _**ACF has a healthy bank balance, continues to operate and has**_ support the conclusion that the charity is a _**sufficient reserves to cover expenses**_ going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* * -Tick as appropriate No*
11
## _**Please disclose:**_
_**(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
**----- Start of picture text -----**
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
**----- End of picture text -----**
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* * -Tick as appropriate No*
12
## _**Please disclose:**_
_**(i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_
13
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
## **2.2 INCOME**
**----- Start of picture text -----**
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
the monetary value can be measured with sufficient reliability.
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
Offsetting permitted by the FRS 102 SORP or FRS 102.
Yes No N/a
Grants and donations are only included in the SoFA when the general income recognition
Grants and donations criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent Yes No N/a
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been Yes No N/a
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on Any Gift Aid amount recovered on a donation is considered to be part of that gift and is Yes No N/a
donations and gifts treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Yes No N/a
Contractual income and This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions.
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
Yes No N/a
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income Yes No N/a
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.
Yes No N/a
The value of any voluntary help received is not included in the accounts but is described
Volunteer help in the trustees’ annual report.
Yes No N/a
Income from interest, This is included in the accounts when receipt is probable and the amount receivable can
royalties and dividends be measured reliably.
Yes No N/a
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations
subscriptions and Legacies.
Membership subscriptions which gives a member the right to buy services or other Yes No N/a
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**----- End of picture text -----**
14
|**2.4 ASSETS**
£150
**Intangible fixed assets**
**Heritage assets**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
They are valued at fair value
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per paragraph
11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a|
|---|---|
15
**----- Start of picture text -----**
Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
Current asset equivalents with a maturity date less than one year. These include cash on deposit and cash
investments equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
**----- End of picture text -----**
16
**Section C Notes to the accounts (cont)**
**Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations and Donations and gifts 14,412 25,400 - 39,812 14,938
legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other charities
- - - - -
Membership subscriptions and sponsorships which are
in substance donations - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 14,412 25,400 - 39,812 14,938
Charitable Sailing
activities: 6,893 - - 6,893 5,304
Snoods/Buffs/Tshirts for Sailing - Misc 735 - - 735 -
BBQ - Misc 1,700 - - 1,700 -
Other - - - - -
Total 9,328 - - 9,328 5,304
Other trading
activities: - - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 1 - - 1 3
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 1 - - 1 3
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held for
charity's own use - - - - -
Gain on disposal of a programme related investment
- - - - -
Royalties from the exploitation of intellectual property
rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 23,740 25,400 - 49,140 20,245
Other information:
Charlotte Bonham-Carter - £2,500.00 for insurance and
All income in the prior year was unrestricted except for: (please provide berthing fees and Sport England Covid 19 Community
description and amounts) Emergency Fund - £10,000.00 to ensure Charity is still
operating post Covid 19
**----- End of picture text -----**
**Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
Not applicable Not applicable Not applicable
17
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies
- - - - - - - -
Incurred seeking grants
- - - - -
Operating membership schemes and
social lotteries - - - - -
Staging fundraising events
- - - - -
Fudraising agents
- - - - -
Operating charity shops
- - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity 156 - - 156 31 - - 31
Start up costs incurred in generating
new source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 156 - - 156 31 - - 31
Expenditure on charitable activities:
Sailing 2,107 - - 2,107 1,575 - - 1,575
Snoods/Buffs 442 - - 442 - - - -
BBQ
1,606 - - 1,606 - - - -
Boat repairs and refurbishment - 5,148 - 5,148 270 - - 270
Consultancy Fees 15,396 - - 15,396 9,900 - - 9,900
Berth/Ins/Memb Fees/Rib Fuel/Charges 1,807 - - 1,807 3,727 - - 3,727
- - - - - - - -
Total expenditure on charitable
activities 21,358 5,148 - 26,505 15,472 - - 15,472
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Independent Examination 900 - - 900
Trustees travel Expenses 159 - - 159
-
- - - - -
Total other expenditure 1,059 - - 1,059 - - - -
TOTAL EXPENDITURE 22,573 5,148 - 27,721 15,504 - - 15,504
**----- End of picture text -----**
18
## **Other information:**
**Analysis of expenditure on charitable activities**
|Activity 2
Other
**Total**
**Activity or programme**
Activity 1|**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
-
-
-
- - - -
-
-
-
-
- - - -
-
-
-
-
- - - -
-
**This year**
**Last year**|
|---|---|
||-
-
-
- - - -
-|
19
## **Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
900 -
- -
- -
- -|
|---|---|
20
## **Section C Notes to the accounts (cont)**
**Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
**14.1 Cost or valuation**
|**14.1 Cost or valuation**||||||||
|---|---|---|---|---|---|---|---|
|||**Freehold land**
**buildings**
**£**|**&**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**|
|At the beginning of the year|||-|-|-|6,000|6,000|
|Additions|||-|-|-|5,000|5,000|
|Revaluations|||-|-|-|-|-|
|Disposals|||-|-|-|-|-|
|Transfers *|||-|-|-|-|-|
|At end of the year|||-|-|-|11,000|11,000|
|**14.2 Depreciation and impairments**||||||||
||****Basis**|SL or RB (Straight
Line or Reducing
Balance)||SL or RB|SL or RB|SL or RB|SL or RB|
||**** Rate**|||||||
|||||||||
|At beginning of the year|||-|-|-|-|-|
|Disposals|||-|-|-|-|-|
|Depreciation|||-|-|-|-|-|
|Impairment|||-|-|-|-|-|
|Transfers*|||-|-|-|-|-|
|At end of the year|||-|-|-|-|-|
|**14.3 Net book value**||||||||
|Net book value at the beginning of the|year||-|-|-|6,000|6,000|
|Net book value at the end of the year|||-|-|-|11,000|11,000|
21
## **14.4 Impairment**
**N/a** _**This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ **N/a** _**Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
|**14.5 Revaluation**
**_the name of independent valuer, if applicable_**
**_the carrying amount that would have been recognised had the assets been_**
**_carried under the cost model._**
**_the methods applied and significant assumptions_**
**_the effective date of the revaluation_**
**_If an accounting policy of revaluation is adopted, please provide:_**
**14.6 Other disclosures**
**_(iii) Details of the existence and carrying amounts of property, plant and_**
**_equipment to which the charity has restricted title or that are pledged as_**
**_security for liabilities._**
**_(i) Please state the amount of borrowing costs, if any, capitalised in the construction of_**
**_tangible fixed assets and the capitalisation rate used._**
**_(ii) Please provide the amount of contractual commitments for the acquisition of tangible_**
**_fixed assets._**|**This year**
**Last year**
**31/08/2020**
**not applicable**
**Fair market value**
- -
**This year**
**Last year**
**£**
**£**
- -
- -|
|---|---|
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
22
## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
_**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
**Trade debtors Prepayments and accrued income Other debtors**
**----- Start of picture text -----**
This year Last year
£ £
- -
- -
2,210 -
2,210 -
**----- End of picture text -----**
**Total**
_**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|||**This year**||**Last year**||
|---|---|---|---|---|---|
|||**£**||**£**||
|**Trade debtors**|||-|-||
|**Prepayments and accrued income**|||-|-||
|**Other debtors**|||-|-||
||||-|-||
||**Total**||-|-||
23
## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**This year**
**Last year**
**£**
**£**
**Accruals for grants payable**
- -
**Bank loans and overdrafts**
- -
**Trade creditors**
566 9,737
**Payments received on account for contracts or**
**performance-related grants**
- -
**Accruals and deferred income**
1,059 -
**Taxation and social security**
- -
**Other creditors**
- -
**Total**
1,625
9,737
**20.2 Deferred income**
**_Please explain the reasons why income is deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Amounts falling due within**
**one year**
**Balance at the end of the reporting period**
**_Please complete this note if the charity has deferred income._**
**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
566 9,737
- -
1,059 -
- -
- -
**Amounts falling due within**
**one year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -
- -
- -
**Amounts falling due after**
**more than one year**|
|---|---|---|
|||- -|
|||**This year**
**Last year**
**£**
**£**
- -
- -
- -
**Last year**|
|||- -|
24
**Section C Notes to the accounts (cont**
## **Note 24 Cash at bank and in**
|**Note 24 Cash at bank and in**||
|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
17,977 11,879
- -|
||17,977 11,879|
25
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
MM Wyllie Charitable Trust R Boat repairs and refurbishment - 20,000 - 5,148 - 5,000 - 9,852
Equipment to enable wheelchairs users
Whirlwind Charitable Trust R on/off boat and Support - 5,000 - - - 5,000
Ian Wyllie R IT equipment - 400 - - - 400
MM Wyllie Charitable Trust U Matt Grier Consultancy - 10,000 - 10,000 - - -
Revaluation reserve U Revaluation surplus on fixed assets 6,000 - - - - 6,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a 2,141 13,740 - 12,573 5,000 - 8,309
Total Funds 8,141 49,140 - 27,721 - - 29,561
**----- End of picture text -----**
The transfer shown above reflects that restricted funds were spent on the purchase of fixed assets, which are not subject to restrictions on the ongoing use and are held as unrestricted fixed assets.
26
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Charlotte Bonham-Carter R Insurance and Berthing - 2,500 - 2,500 - - -
Sport England - Covid 19 To ensure that Chartiy is still operating
Community Emergency Fund R post Covid 19. - 10,000 - 10,000 - - -
Revaluation reserve U Revaluation surplus on fixed assets - - - - 6,000 6,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - 2,600 7,745 - 3,004 - - 2,141
Total Funds - 2,600 20,245 - 15,504 - 6,000 8,141
**----- End of picture text -----**
27
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
- - - -
**-**
- - - -
**-**
- - - -
**-**
- - - -
**-**
**Amounts paid or benefit value**|
|---|---|
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**----- Start of picture text -----**
TRUE
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**
**Legal authority (eg**
**order, governing**
**document)**
**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**Name of trustee**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
- - - -
**-**
- - - -
**-**
- - - -
**-**
- - - -
**-**
**Amounts paid or benefit value**|
|---|---|
28
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**----- Start of picture text -----**
No trustee expenses have been incurred (True or False) FALSE
This year Last year
Type of expenses reimbursed
£ £
Travel 159 -
Subsistence - -
Accommodation - -
Other (please specify): -
- -
TOTAL 159 -
Please provide the number of trustees reimbursed for expenses or who 1
had expenses paid by the charity
**----- End of picture text -----**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
|**This year**|**This year**|**This year**|**This year**||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**There have been no related party transactions in the reporting**||||**period (True**|**or False)**||||**_TRUE_**||
||||||||||||
|||||||||||**Amounts**|
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**||**Amount**||**Balance at**
**period end**|**Provision for bad**
**debts at period end**|||**written off**
**during**
**reporting**|
|||||||||||**period**|
|||||**£**||**£**|**£**|||**£**|
||||||||||||
||||||||||||
||||||||||||
||||||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
29
## **Last year**
**----- Start of picture text -----**
There have been no related party transactions in the reporting period (True or False) TRUE
Amounts
written off
Name of the trustee Relationship Description of the Balance at Provision for bad
Amount during
or related party to charity transaction(s) period end debts at period end
reporting
period
£ £ £ £
In relation to the transactions above, please provide the
terms and conditions, including any security and the nature
of any payment (consideration) to be provided in
settlement.
**----- End of picture text -----**
_**For any related party, please provide details of any guarantees given or received.**_
30