CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 01.09.24 Parfod start date To 31.08.25 Perfod end dats Charity namo: Andrew Casso11 Foundation (Racing for tho Disablod) Charlty reglstratlon number: 1057742 Objectives and Activities saRP Summary of the purw)ses of the charity as set out in its goveming document Parn 1.17 To Support individuals with, in the main, physical and sensory disabilities to take part In yacht raclng and crulslng and to •ncourage tho int•gralion of thos• sailors with disabilities with abl• bodl•d sailor•. Saillng, raclng and trainlng for dlsabled and able bodiad participant8 of differing abilities. Training of new volunteers and upskilling existlng volunteers. Continuation of dgvelopm•nt of improved safety m8￿Ur¢s. Summary of Ihe maln activities in relation to those purposes for the public benefit, in particular, th8 advltles, projecis or servlces klentlfied In the accounts. Statement confirming whether the trustees have had regard to th8 guidanc8 issued by the Charity Commission on public benefit ParA 1.17 ar 1.19 Par• 1.18 The Trustees continue to understand tho public benefit and for this reason have baan strlvlng to make the sport morn acc88slble by worklng wlth local oryanlsations and enhanced tralnlng for volunteers. Additional infomiatlon (optlonal) Youm oose to Include fu er statements where relevant about.. SORP RfeRrKe Para 1.36 Pollcy on grant maklng Pwa 1.38 Pollcy on soclal Investment including program related investment ACF are h￿vIly depond•nt on volunteers. of all levels, to assist supportlng tho actlvitios of our dlsabled partlclpants. Now volunteers aro always welcome and trdin•d, with existing volunteers being upskilled as tholr Indepond•nrA in¢r•as•s. Parn 1.38 Contribution made by volunteers Sadly in March ACF'S founder and Patron Andy Cassell passed away aged 83. We, with many in the sailing community, miss his wisdom and mischievous sense of humour. With characteristic wisdom he transitioned from being an active manager of the Foundation to it's much loved Patron some years ago. The increased participation, growing engagement and number of boats entered at Cowes Week is Ihe best tribute we can offer. Andy lives on with us in every passionate sailor we su ort. Other Achievements and Performance SORP referen As a result of rapid growth in both the number of participants and the range of disabilities our sailors compete with, ACF entered four boats, our own three and a chartered one. for the first in Cowes Week. The results remained encouraging with a second place across the class of sixteen boats for ACF Dolphin and 10th. 12th and 13th for ACF Spare Part. ACF Limbitless and Hibiscus respectively. Despite these excellent results it remains an event where taking part is what counts. Summary of the main achievements ofthe charity, identifying ihe difference Ihe charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The increase in participation is most welcome, but brings a higher demand on our volunteers and particularly our Coach and Director who remains responsible for much of the mentoring. This is key to the rapid progress in both skill and independence many of our sailors are able to achieve. Training continues to follow a fortnightly pattern from October to Cowes Week. The Foundation is exploring several developments to its training pipeline including a specific neurodiversity strand, possibly combined with a brain injury strand. ACF Alumni have had a bumper year, the highlights being a Solo Transpacific and multiple Round Britain and Ireland sails. These resulis reflect the true value of equality, diversity and inclusion. Additional information (optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Perfonnance of fundraising activities against objectives set Para 1.41 Investment perfomiance against objectives Par8 1.41 Other Financial Review Review of the charily s financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 1.21 See separate attachment. Para 1.22 To hold two months expenses so that it can meet any committed costs in the event that donations are not forthcomin for a time. £6,500.00 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity conlinuing as a going concern Para 1.22 Para 1.22 Par8 1.24 There is no fund that is materially in deficit. There are no uncertainties as the charity has a healthy bank balance, continues lo operate and has sufficient reserves to cover ex enses. Par8 1.23 Additional information (optional) You ma hoose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Pard 1.46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charily's trusts.. Type of governing document Para 1.25 Service Provider is the governing document. The charity Is an unlncorporaled association. How is Ihe charity constituted? le.g unincorporated association. CIOI 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 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 Ihe Foundation, experience in a particular field le.g. Treasurer) and a passion to support disabled individuals to have access to the s ort. Additional information (optional) You ma hoose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of Irustees Para 1.51 The charily s organisational structure and any wider network with which Ihe charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charil uses Re istered charit number Charity's principal address Andrew Cassell Foundation No other names Racin for the Disabled 1057742 16 Bellevue Road Cowes P0317HL Names of the charity trustees who manage the charity Datas aet•d If not for wholè ear Trust•a namè Office lif anyl Nama of pèrson lor body) •ntltlad toa olnt trustee Ifan Daniel Mark Lane Paul Gomm Chairman Secretary Treasurer Angela Smilh Mark Charles Hart Trustee 10 12 14 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director name ortwasa roved Nota licable Name of trustees holding title to property belonging to the charity Trustee name Not a licable Dates acted If not for whole ear Funds held as custodian trustees on behalf of others Description of the assels None held in this capacity 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 assels from Ihe charily's own assets None Addltlonal Informatlon (optlonal) 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) NIA Exemptions from disclosure Reason for non-disclosure of ke None ersonnel details Other o None tional information Declarations The trustees declare that they have approved the trustees, rnport above. Slgned on behall ol the charftys tnstees. Signaturels) Full namels) Position (eg Seeretary, Chair. etc) ¥(4CJ I rt￿$1 z£ Charity Name Andrew Cassell Foundation (Racino for the DIs8bledl Annual accounts for the 91112024 To Ch8fit No Com an 1 OJ77742 eriod Period stsrt date P8riod end dal& 813112025 Section A Statement of financial activities (including summary income and expenditure account) Unrestricted Restricted funds income funds Endowment funds Prior year funds Recommended categories by activity Total funds Income {Nole 3) F01 F02 F03 F04 F05 Income and endowments from- Donations and legacies S01 26,975 12,866 1,630 28,605 12,866 38,205 15,759 S02 Olhertrading activities InvesltD8Dts S03 S04 166 166 179 Separate material item of inG￿ne S05 Other S06 Total Expenditure (Notes 6) S07 40,007 1,630 41,637 54,143 Expendlture on.. Raising funds Charitable activit￿S S08 241 30,245 241 46,699 292 43,488 S09 16,454 Separate material expense item Oth8r S10 $11 Total S12 30,486 16,454 46.940 43,780 Ngt incomel{8xpgnditur9) b9foro tax for the reporting period S13 S14 9,521 14,824 5,303 10,363 Tax payable Net incomel{expenditure) after tax before investment gainslllosses) S15 9,521 14,824 5,303 10,363 Netgainslllossesl on Investments S16 Net incomel{expenditure) Extraordinary items Transfers between funds Other recogni5ed gainsll1055e51- S17 S18 9,521 14,824 5,303 10,363 S19 Gains and losses on revaluation of fixed assets forthe charity's own use S20 Olhergainstllosses S21 Net movement in funds S22 9,521 14,824 5,303 10,363 Reconclllatlon of funds.. Totsl funds brought fotward Total funds carried fonvard S23 43,396 52,917 19,685 4,861 63,081 57,778 52,718 63,081 S24 1L577742 NIA Lo-iJan> No Period start date-. 0110912024 Annual accounts for the period Section B Balance sheet To period end dale. 31,'0&12025 owrnpnt fund$ ola ola ast year Guidance note funds IncLYnp funds Fixed assets F01 F￿2 F03 FC Intsngible assets Tangible assets Heritage assets Investments (Note 151 (Note 141 INote 161 (Note ln Total tlxeda$$Èt$ BOI 32.520 32.520 32,520 B03 B04 3U5 32.520 32,520 32,520 Current assets Stocks Debtor5 INote 181 INote 191 B06 BO? 4,704 4,704 11,132 Investments (Note 17.41 Cash at bank and in hand INote 241 Tot4lGurrent a55ets BO8 B09 19,084 23.788 2.643 2.843 21,727 26.431 26,502 37,634 BIO Creditors.. arnounts falling due within o (Note 201 1.173 1.173 7.073 Net current a5selsl{liaknliiYes) R12 22.615 2.643 25,258 30,561 Total assots less current liabilths BL3 55.135 2.643 57,778 83,081 Creditors.. amounts falling due after one (Note 201 Provisions for liabilities EL4 BL5 Total netassets orllablllllos Funds of the Charlty Endowment funds INote 271 Restricted income funds (Note 27) Unrestricted fvnd5 Revaluation rosorve BL6 55.135 2,643 57,778 63,081 BL7 B18 2.643 19,e85 37,396 6.000 BL9 49.135 6.000 e.ooo Fair value reserve B21 Total funds B22 55.13 2.64? 57.77e fj3,081 The company was entitled to exemption from audit under s477of the Cornpanies Act 2006 relaling to srn?11 cornpanies. e memljers have not requlred the company io oblaln an éudltln •ccordan¢e wlth sectlon 476 of the Comp•nles Act 2006. The directors acknowledge th*rresponsibilities for¢omplyitTrg with Ihe requirements of the Companies Acl with respect to a¢¢ounling These accounts have been prepared in accordance with the prtjvisions applicable to small cornpanies subject to the$rnall companies reglme èndln •ccord&n¢e wlth FRS102 SORP. Signed by or two trust￿s￿dI[pr.tnrS nn hAhxlf nf all Iha tni%t Print Name Date of approval ddImMI￿yY 5mLth SvJn81ure of director 8Lrfhenluling 8¢counls being sent lo c￿rpanIeS Mouse Signature D81& ￿MMlyYyY Print nama CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of ANDREW CASSELL FOUNDA TION (RACING FOR THE DISABLED) On accounts for the year ended 31" August 2025 Charity no (if any) 1057742 Set out on pages 1and2 I report to the trustees on my examination of the accounts ofthe above charity {"the Trust") for the year ended 3110812025. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 20111.the Act.). I report in respect of my exarnination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515)(bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention {other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounls do nol accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Date: Signed: 3010512026 Name: Salina Ali Relevant professional qualification(s} or body lif any): FCCA - Fellow of the Association of Chartered Certified Accountants Address: University of Portsmouth Richmond Building Portland Slreet Portsmouth P012DE IER October 2018 Section B Disclosure Only complete if the examiner needs lo highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018 Section C Notes to the accounts Note 1 Basis of DreDaration This section should be cornDle¢8d bv all charitigs. 1.1 Basis of accounting These accounts have been prepared unLler the historical cost convention with ilerns recognised at cost or tr8nsaction v8lu8 unless othernvisa slat8d In the relevant notelsl to th888 accounts. The a¢￿Unts ha pared in accordance Mlh". the Statement of Recotntnended Practice". Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 issued on 16 July 2014 and with. and with. the Finantl81 R&porting Standard 8pplicabl& In the United Kingdom and R8public of Ireland IFRS 1021 and wilh the Charitie5 Act 2011. The charity conslitules 8 public benefit entity as defined by FRS 102.. Yes -Tick as appropriate 1.2 Going concern If there are material uncertain¢i85 rglatod to events or conditions that cast significant doubt on the charitys ability to continue as a going concern. please provide the following details orstale -Not applicable" appropriaée.- An explanation as to those factors that support the conclusion that the charity is a going concern., ACF has a healthy bank balance, contlnues to OPP813te and has sufficient reserves to Cover expenses Disc105ure of any uncertainties Ih8t make the going concern a88umption doubtful,. Nol 8ppli¢*ble Wher8 accounts are not prepar8d on a going ¢oncÈrn basis, plea5È disclosÈ this fa¢t together with the basis on which the trustees pr&par8d th8 accounts and the rèason why th& charity is not regarded as a going concem. Not applicable 1.3 Change of accounting policy Th& accounts present a true 8nd f8ir view and no changes have been made lo the accounting policies 8dopted in nol& I l. Y&s" -Tick as appropriate No" Please disc105e.' (l) Ihe nature of the change In accountlng pollcy.. (li) reasons why apptyirjg the newaccountingpolicy provldes more rell8ble èndmore relevant Anfonn*tlon.' and CC17a (EX￿1) (Ill) the amount of tho adjusth7ent foreach lin8 affected the Gurrentperiod. ed¢h priorperiod p￿Sented and Ihè augregate amouftjt of the adJustmentrÈlatlfftJu lo perlods before Ihose presenled, 3.44 FRSIOZ SORP. 1.4 Changes to accounting estimates No changes lo accounting eslimatÈs have t￿￿rred in the rèportlng pÈriod13.46 FRS102 SORPI. -TiGk as appropriate Please dAsclose.' (i) the rjature of any changes.- (li) the effvct of Ihe change on income and9x￿￿59 or assets arjdliabilities for the currerJtperiod,- and (iiij wherepracticable, (he effeGtof the Gh4nye one or more future periods. 1.5 Materlal prforvear errors No. -TiGk as appropriate Please disclose.. (i) Ihe natur8 of thepriorperiod error,. (li) foreach priorperiodpresented In the a¢Gounts. the amount of the correction for each acGOUnt Ilne ite affected.. and (iii) the amount of tho corrnclion at the beginning of Ihe earliestpriorperiodpresentedin the accounts. CC17a (EX￿1) Section C Notes to the ac¢¢LJnls Nots2 A¢¢ovnting poIi¢io8 2.2 INCOME These Bre Ind￿ed In the SlaknentofFID3ncialArtiyitieglSDFAlwhen-. thechaiity tr￿C￿￿eSentI1lcd lo the resDU1￿8.' No. Ih? ￿Tr?trry bp MogsurFdv￿h suffic4pntrplipbilty. Yg$" No. OITsottlny ￿4￿1r8d pr PBiftitt£d by th8 FRS 102 SORPDr Fft8 102. Grantsand donatlons Grants aThd don*lons arÈ tsnly IndudÈd In Ihè S(FAvthèThthÈ 9￿r￿alirth Lyltsrla mtlS.10 10 5.12 FRS102SORPI Yes. No. ÉxiÈnl t￿l￿￿tha￿ty has Ihè sr>ÉCifiÉd gtsods orsÈivIcèÈa£èn￿1lè￿llts 9ranloNYOC£UiS ￿lat￿ condldons wllS.16 FRS 102 SORPI. Yes. No. legac￿￿re Induded In the SOFA%￿en rttwpt 1sWobab￿, that Is, when there has been granlQfpTobale.theexK￿1OrS haveestablishedthattherearesufficientasseisin the eslaleand CO￿J1110￿$£trethedtDlhe 1egary8reeith￿￿tthiDthe ofthe cbBntyorh&vebeeD LègaelÈ Ye$. No. G￿r￿m￿slan￿ TheC￿fjty hesrecei¥ed governThentgr3ntsiDthetepthing pen Yes. No. Tax r•¢lalmson donor Any GIftNJdimuntiecovered donation Is￿￿￿dered lo be partoflhatgfft and ￿treated asan atsdrtIc￿ lothesan￿fUnd￿sth21n1￿￿ dDnaDon unlessthpdonor oitheterms oftheappebl have specified otherwise Y8S" Contr￿t￿p1 ThisiBpnlyinrlvd¢d In Ih? SOFAYn¢e￿￿ rhprity hps providF¢ 9￿5 perfonnanre relaled llrants Yes" Yes. No. Donatqd good Donatsd gor￿$419 masuréd alfalrvaub th8assgltould b eMchangpJJlunle&s IDdo so. Th&coslotAnysioL*ofgoods alstrlbubtsn io b&nèfitlarlésiS dg&mdfr)b thé fall valuÈ Dfthasé glftsatthÈ Ilmèott￿1r r￿CÉlpta￿d Ihèyaiè ￿￿9￿ls￿d on r8celpt InthÉ InwhlL* th8 stotksay&disUlb￿t*d. 8XP8ns&alth8caryng awunl ofin8 siocksatdislributso Yès. No. mFaÈufwy #ll¥irV¥luÈon Initi￿ rÈwniknn. whi¢* is Iradino athvlbtss. corrgspandlng slockr&wmis&d In Ih balancèshéél. On Its ￿l￿t￿val￿èd￿SlOeklS charo&d a9alnsl'lncomg fr¢wnothgr tradIng￿lI￿lIes.4ndth￿￿r0t9s￿$fro￿ Salèar8￿so as'1nc￿rr￿8fro￿ oth8rtra0lng￿t1I￿l￿8. No. GO￿￿$do￿￿ted foron*wDg usebythe cha￿ty 3re TWAWlllSeda3tangiblefixed B55et5 d Includpd inthe SoFAagin¢Dming resiwices when rewvable. Yes. Nts, GiQgin kindtruyp bythe¢hFiitypipindu¢ed In *FA InovJnEfrom dgnFii?ns Y8S" Nts. Don*¢ ¥Frvice54n¢ ¥rpin¢ludPdint￿SOFAVJh￿Tr￿rpIVE¢ ?1 lhpV￿U￿ot 9lftlpt￿￿h111iypTOV1dFd IhpV4lupoflhp9in s¥h b?[￿$￿tEd ￿￿)bly. No, faCIl￿e$ DoDated 8erV1r￿￿fid lacilities that4ieconsumed Immedialely8rerecogni8ed as inco￿* equive￿￿t￿￿KW￿t r￿￿nIsed expenseundertheBEyDPnBte eadin9 In Ihe SOF Yes. No. Supporf cost Thechafity haS1￿u￿￿ e￿ndi￿re￿ SUPPDrn costs. Yas" Nts, No. Vvluntserholp Thevalueofanyvoluntaryhelp re￿￿ed Isnol illclud￿ IntheacC￿nts Is describEd In thetrustees'allnual rep￿. IncoM•fiorn Intorut. yOya￿#S ahd d￿d￿ndS Thisis Includ￿ lnthe8C￿￿￿lS1then re￿pt 1sprobableendthea￿￿t re￿Vable n be rdi8bty. Yes" No. ￿e￿￿erShip subscfipii0n9receiv￿ in the natureof4 gift8ierecogDi¥ed In No. CC17 FRS 102 8ORP ¥ubscrfpllon nd L4acièS. r5hip yuby¢ripli¢ns whi¢* 9ive5¥ nlpmbprlh? ryhllo buy s￿￿1¢￿5￿0th￿r bgnolitslre ￿￿09￿15￿￿ In￿?￿rnE¢ fromthepowisionof9opds Yg$" Nts. 5pttkTDprtof Insuiancèclaims onlylndudéd In the SOFA ggwral Intomg r￿nItIOn cfilÈn3 are￿￿t(s.10to S.12 FR8102 SORpiand are Induded as an item of<>théi Inco￿ In the &)FA. Ygs" No. InvestmentgaSn$ Dnd ssès Thisiniludèsany realiS£d Oruni*litsd gainsor Ihè Éalè ol lrtvÈStr￿Nl%Èfftd nygain tsrltsssièS￿l￿￿¥ fvom rWaI￿lnj 1nvÈSts￿htstOMa￿lwaI￿È al thé Énd tsllhÈ yè*. Yg$" No. 2.3 EXPENDITURE AND LIABIL￿lEs constru￿v￿￿11galltsn commlthno thanty to payoUlré￿￿t￿S and amunlof obl￿00￿ can bg Mas￿r￿ with rgasonablgtgrtainty Yes. No. Uablllty Oovern•nGo and suppDrt 5vppprtwsts hèvy bptsvpen sup[￿. tosis SDV?mancpcD515 Eonyrl&eÉll w5tSinVDIvin9 w￿1¢3￿DYn&bll1IY0tthpchPritygrt ils ro9ulalion ?nd 9gpd pffdrlice. 5upportcosts Include centr4lfunGtioD5 have been allocat￿t0￿c*VitycQ tegorie¥ con5151eDtwththeu5eof resources. e9pllg￿DD9 propwtycos byflp?r?re?s, or st￿¢05t5 byt￿ sPQntpnd pthEfcostsbythoir V5Bge. Grantjwllh Perf0m￿n¢* Wh?r8 Ih?ch¥iily9lVP5 a9r¥nlwth ￿diti￿￿tOrits ￿yMEnt￿¢1rt9 a pppryfirlpvp1 SeMi8orOulpul10 bE WDvid£d. 5UEh 9r3n15 ar£ anly r£co9ni&£d In SDFAtsncÈthÈ Yes. No, Yes. No. Yg$" No. Grant5paYab￿W11h0u1 Whpre Ihpre gre np¢?nditigng?ttgrhin9tothe 9rèntlhpten?bley1hedpnorrhgrityto Ip?liylirplly4v(xdthe (xjmnmknpnt, è IIFbililybrtr fvllfun¢iry obli9Ption Yes" N