2024-08-31-accounts - Andrew Cassell Foundation (Racing For The Disabled)

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Trustees’ Annual Report for the period

From 01.09.23 Period start date To 31.08.24 Period end date Charity name: Andrew Cassell Foundation (Racing for the Disabled) Charity registration number: 1057742

Objectives and Activities

Objectives and Activities	Objectives and Activities	Objectives and Activities
SORP reference
Summary of the purposes of the charity as set out in its governing document Para 1.17 To Support individuals with, in the main, physical and sensory disabilities to take part in yacht racing and cruising and to encourage the integration of those sailors with disabilities with able bodied sailors.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Sailing, racing and training for disabled and able bodied participants of differing abilities. Training of new volunteers and further training for existing volunteers. Continuation of development of improved safety measures.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees continue to understand the public benefit and for this reason have been striving to make the sport more accessible by working with local organisations and enhanced training for volunteers.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference	SORP reference	SORP reference
Policy on grant making Para 1.38 -
Policy on social investment including program related investment Para 1.38 -
Contribution made by volunteers	Para 1.38	ACF are heavily dependent on volunteers, of all levels, to assist supporting the activities of our disabled participants. New volunteers are always welcome and trained, with existing volunteers being further trained as their independence increases.

- Other

Achievements and Performance

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SORP reference
ACF held the second Fairwinds Art
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
		ACF held the second Fairwinds Art
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	Exhibition in April in memory of John Garlick, which was hosted and supported by Cowes Yacht Haven. The proceeds of the sale of paintings and works of art were gratefully accepted. During May ACF held a successful Isle of Wight amputee open day. Welcoming five new members, resulted in a need to enhance our team by increasing volunteers and coaches and upskill existing team members. The Foundation successfully bid for funds from Hampshire & IOW Community Foundation and Sport England -The Movement Fund. These restricted donation funds for coaching, enabled ACF to support our participants further by utilising additional coaches. 2023/24 saw the introduction of a Friday afternoon club whereby individuals can visit the Foundation and enjoy a low key way to participating in our main programme. These sessions may or may not be included but always include some development work and social bonding. This programme was a key part of developing informal links with the Isle of Wight NHS. Cowes Week was a huge celebration for ACF as our team consisted of over 25 people, almost double the number in previous years. ACF Dolphin achieved a podium placement of 3rd (out of 14) in class, with ACF Limitless and ACF Spare Part being placed 7th and 10th respectively. These results reflect the true value of equality, diversity and inclusion. Word of mouth has been a powerful recruiting method by which new disabled people have joined us this year. ACF has always been concerned about offering opportunities to disabled

people on the island and we are delighted to see our engagement with Wight Aid, local clinics and services bear fruit in increasing numbers of island participants.

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Additional information (optional)
You may choose to include further statements where relevant about:
-
Achievements against Para 1.41
objectives set
-
Performance of fundraising
activities against objectives Para 1.41
set
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Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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		-

Financial Review

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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 To hold two months expenses so that it
policy for holding reserves can meet any committed costs in the
stating why they are held event that donations are not
forthcoming for a time.
Amount of reserves held Para 1.22 £6,500.00
Reasons for holding zero Para 1.22 -
reserves
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
charity continuing as a going to 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
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Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Service Provider is the governing document.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The charity is an unincorporated association.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Managed by the current Trustees, the selection methods used are one or more of the following: a connection to the sailing industry, a history of supporting the Foundation, experience in a particular field (e.g. Treasurer) and a passion to support disabled individuals to have access to the sport.

Additional information (optional) You may choose to include further statements where relevant about:

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

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Charity name Andrew Cassell Foundation (Racing for the Disabled)
Other name the charity uses No other names
Registered charity number 1057742
Charity’s principal address 16 Bellevue Road
Cowes
PO31 7HL
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Daniel Mark Lane Chairman
2 Paul Gomm Secretary
3 Angela Smith Treasurer
4 Mark Charles Hart Trustee
5
6
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8
9
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12
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20
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– 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

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Trustee name Dates acted if not for whole year
Not applicable
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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	None
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	None
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	None

Additional information (optional)

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

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None

Other optional information

None

Declarations The trustees declare thal they have approved the trusiees, report above. Slgned on behalf of the charws trustees Slgnaturels) Full name(s) Position (eg Secretary, Chalr. etc)

Charity Name: Andrew Cassell Foundation Charity No (Racing for the Disabled) Company No Annual accounts for the period Period start date To 01/09/2023

Charity No 10577742 Company No N/A Period end To date 31/08/2024

Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 *Reconciliation of* *funds:* S23 S24 *Total* Recommended categories by activity Income (Note 3) Income and endowments from: Donations and legacies Investments Charitable activities Other trading activities Separate material item of income Other Gains and losses on revaluation of fixed assets for the charity’s own use Charitable activities Separate material expense item *Net movement in funds* Other recognised gains/(losses): Net income/(expenditure) before tax for the reporting period Raising funds Other *Total funds carried forward* *Total* Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Total funds brought forward	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 23,015 15,189 - 38,204 36,537 15,759 - - 15,759 7,364 - - - - - 179 - - 179 97 - - - - - - - - - -
	38,954 15,189 - 54,143 43,998
	292 - - 292 190 37,746 5,742 - 43,488 29,210 - - - - - - - - 8,325
	38,038 5,742 - 43,780 37,725

	916 9,447 - 10,363 6,274
	- - - - -
	916 9,447 - 10,363 6,274
	- - - - -
	916 9,447 - 10,363 6,274
	- - - - - - - - - - - - - - - - -
	916 9,447 - 10,363 6,274
	42,480 10,238 - 52,718 46,444
	43,396 19,685 - 63,081 52,718

Charity Name

Charity No Company No

Section B Balance sheet

Unrestricted funds £ F01 - 32,520 - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - 32,520 - - - -	Total last year £ F05
			- 32,520 - -
32,520	-	- 32,520	32,520
- 11,132 - 26,502	- - - -	- - - 11,132 - - - 26,502
			- 3,744 - 24,778
37,634	-	- 37,634	28,523
			8,325
7,073	-	- 7,073

30,561	-	- 30,561	20,198

63,081	-	- 63,081	52,718
			- -
- -	- -	- - - -

63,081	-	- 63,081	52,718
- 37,396 6,000	19,685	- 19,685 - 37,396 6,000	- 10,238 36,480 6,000 -
43,396	19,685	- 63,081	52,718

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Charity Name

Charity No Company No

Section B Balance sheet

Signature of director authenticating accounts being sent to Companies House Signed by one or two trustees/directors on behalf of all the trustees/directors	Date of approval dd/mm/yyyy Date dd/mm/yyyy Print name Signature Print Name

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 2024

I report on the accounts of the Charity for the year ended 31 August 2024, 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: 30 June 2025

Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ

12

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 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of 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 opperate and support the conclusion that the charity is a has sufficient reserves to cover expeneses 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 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 no changes have been made to the accounting policies adopted in note { }.

Yes  * -Tick as appropriate No 

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 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes No	 	* -Tick as appropriate

Section C Notes to the accounts

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.

1.5 Material prior year errors

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No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes 
-Tick as appropriate
No 
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.
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Section C Notes to the accounts (cont)

Recognition of income
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
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
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'.
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.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
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.
Contractual income and
performance related
grants
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
In the case of performance related grants, income must only be recognised to the extent
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 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.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Note 2 Accounting policies
2.2 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;
 the monetary value can be measured with sufficient reliability.
16

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Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Grants with performance
conditions
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
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
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
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.
Redundancy cost
The charity made no redundancy payments during the reporting period.
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.
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.
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.
Investment gains and
losses
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.
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.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
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.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Support costs
The charity has incurred expenditure on support costs.

2.4 ASSETS

Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity

£150

use by charity

Yes No N/a*   

They are valued at cost.

The depreciation rates and methods used are disclosed in note 14.

Intangible fixed assets

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 15.

They are valued at cost.

Yes*	No*	N/a*
		
Yes*	No*	N/a*
		

Section C Notes to the accounts (cont)

The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and Heritage assets maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. They are valued at cost. 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 Investments 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

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or progress 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.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the Debtors charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on investments deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

Yes*	No*	N/a*

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Yes*	No*	N/a*
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Income

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Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 23,015 15,189 - 38,204 36,255
and legacies: Gift Aid - - - 281
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 23,015 15,189 - 38,204 36,537
Charitable Sailing
activities: 5,643 - - 5,643 4,748
Clothing for Sailing - Misc 125 - - 125 137
BBQ & Xmas Lunch - - - - 2,447
BBQ & Awards and Dinner Evening 3,315 - - 3,315
Fair Winds Art Exhibition 6,660 6,660
Other 16 - - 16 32
Total 15,759 - - 15,759 7,364
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 179 - - 179 97
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 179 - - 179 97
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 38,954 15,189 - 54,143 43,998
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Not applicable
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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)

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Not applicable
Not applicable
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Section C Notes to the accounts (cont)

This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Not applicable Not applicable

Section C Notes to the ac¢ountS Icontl Note 6 Expendlture This year Last yoar R•5triGtsd Endowrnerbt nds AnalysSs Ex ndlture on raisin funds- Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership Schemes and social lotteries fvnd$ Tol•l fvNI$ fund5 funds Total fvnds Staging fLJndr3ising 8vents Fudraising agents Operating charty shops Opeialing a trading Company undertaking non-charltable Advertising, marketing, d1ct mail and publ¢city 292 292 190 start up costs incurred in generating new source of futur8 income Database d8v8lopmenl costs other trading activities Investment management costs.. Portfollo management C0515 Cost of obtaining Investment advice Inve8tm8nl administration costs Inteltectual property Iic8ncing costs Rent colteclion, property repaits and Maint6nan¢• ¢harge8 Totsl 8xpgndltUfe on raising funds 292 292 190 Exp8ndituro on ¢harltsble a¢tlvltles: Sailing MG Marine Consultancy Fees Clothlng Xmas Lunch and BBQ 1.696 15589 94 1S 589 94 442 442 128 128 BBQ & Awards and Dinner Evenir Boat RepaiTS & Rofurbishment Recovery N&ts Fair Winds Art Exhibition Elribelh Wood Trophy First Cour8elln61Memb FeeslRib FuelNigeJChargeg T(tsl expendlture on ¢harltable actlvltl89 arato materlal Item of ex n88 Total Other Inde ccyc Paul eth Photo Gri¢r Consultan L Gr8enou h Consultanc Totsl other expenditure TOTAL EXPENDITURE ndent Examination 440 5159 440 2.219 7.073 33.037 7.073 43,779 8,325 37.724 10.742 37,724 23

Section C Notes to the accounts (cont)

Note 6 Expenditure

Other information:

Analysis of expenditure on charitable activities

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This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertaken funding of undertaken funding of
Costs year Costs year
directly activities directly activities
£ £ £ £ £ £ £ £
Activity 1 - - - - - - - -
Activity 2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -
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This year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up). Last year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 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).

Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year Last year £ £ 1,050 1,050 - - - - - -

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

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Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
£ £ £ £ £
At the beginning of - - - 32,520 32,520
the year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 32,520 32,520
14.2 Depreciation and impairments
Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
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 - - - 32,520 32,520
beginning of the year
Net book value at the - - - 32,520 32,520
end of the year
14.4 Impairment
Not applicable
This year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Not applicable
Last year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
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14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation

*the effective date of the revaluation* *If an accounting policy of revaluation is adopted, please provide:* *the carrying amount that would have been recognised* *had the assets been carried under the cost model.* *the name of independent valuer, if applicable* *the methods applied and significant assumptions*	This year Last year - - - - - - - -

Section C Notes to the accounts (cont)

14.6 Other disclosures

(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.
(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.

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

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

19.1 Analysis of debtors
Total Trade debtors Prepayments and accrued income Other debtors	This year Last year £ £ - - 11,132 3,744 - -
	11,132 3,744

Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

Total Trade debtors Prepayments and accrued income Other debtors	This year Last year £ £ - - - - - -
	- -

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 - - Payments received on account for contracts or performance-related grants - - Accruals and deferred income 7,073 8,325 Taxation and social security - - Other creditors - - Total 7,073 8,325 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 *Please complete this note if the charity has deferred* *income* Balance at the end of the reporting period Amounts falling due within one year This year	This year Last year £ £ - - - - - - - - 7,073 8,325 - - - - Amounts falling due within one year	This year Last year £ £ - - - - - - - - - - - - - - Amounts falling due after more than one year
	7,073 8,325	- -
		This year Last year £ £ - - - - - - Last year
		- -

Section C Notes to the accounts (cont)

Other Short term deposits Cash at bank and on hand Total Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)	This year Last year £ £ - - - - 26,502 24,778 - -
	26,502 24,778

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' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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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 & refurbishment 4,338 - - 3,242 - - 1,096
Equipment to enable wheelchair user
Whirlwind Charitable Trust R on/off boat and Support 5,000 - - - - 5,000
Ian Wyllie R IT Equipment 400 - - - - 400
The Wight Aid Foundation R Recovery Nets 500 - - 500 -
Barry Hocking R Elizabeth Wood Trophy 1,000 - 1,000 -
The YAPP Charitable Trust R Insurance 1,000 - 1,000 -
Hants The ISHIWCF R Coaching 5,000 5,000
Sussex Masonic Lodge R Seat Development 989 989
ESC Lottery Fund R Coaching 7,200 7,200
MM Wyllie Charitable Trust U Matt Grier Consultancy 4,411 - 4,411 -
Revaluation Reserve Revaluation surplus on Fixed Assets 6,000 - - - - 6,000
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a 32,069 38,954 - 33,627 - - 37,396
Total Funds as per balance sheet 52,718 54,143 - 43,780 - - 63,081
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency  
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If yes, please state the basis on which the assets and/or liabilities have been translated into sterling (or the currency in which the accounts are drawn up).

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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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 & refurbishment 5,713 - - 1,375 - - 4,338
Equipment to enable wheelchair user
Whirlwind Charitable Trust R on/off boat and Support 5,000 - - - - 5,000
Ian Wyllie R IT Equipment 400 - - - - 400
Golders Dream Foundation R Seat for disabled and spinakers 2,277 - - 2,277 - - -
The Wight Aid Foundation R Recovery Nets - 500 - 500
GKN Employees Charities Fund R Spinaker - 500 - 500 - - -
MM Wyllie Charitable Trust U Matt Grier Consultancy - 20,000 - 15,589 - - 4,411
Revaluation Reserve Revaluation surplus on Fixed Assets 6,000 - - - - 6,000
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a 27,054 22,998 - 17,983 - - 32,069
Total Funds as per balance sheet 46,444 43,998 - 37,724 - - 52,718
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency  
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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)

28.1 Trustee remuneration and benefits

This 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)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for,

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 Where an ex gratia payment has been made to a trustee, If a third party has been reimbursed for providing one or State the number of trustees to whom retirement benefits

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)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for,

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

Section C Notes to the accounts (cont)

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in

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TRUE
No trustee expenses have been incurred (True or False)
This year Last year
Type of expenses reimbursed
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): - -
- -
TOTAL - -
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Please provide the number of trustees reimbursed for expenses or who

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 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

For any related party, please provide details of any

Last year

There have been no related party transactions in the reporting period	There have been no related party transactions in the reporting period	There have been no related party transactions in the reporting period	There have been no related party transactions in the reporting period	(True or False)		TRUE	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

For any related party, please provide details of any