THE LYME REGIS SEA SCHOOL TRUST
CHARITY NUMBER: 1064741
ACCOUNTS FOR THE
YEAR ENDED 31 MARCH 2025

The Lyme Regis Sea School Trust
Charity number 1064741
Contents
Trustees' annual report
Statement of trustees' responsibilities
Independent examiner's report
Receipt and payments account
Statement of assets and liabilities
Notes to the accounts
Pages
1-3
7

The Lyme Regis Sea School Trust
Charity number 1064741
Report of the trustees
For the year ended 31 March 2025
Registration:
Registration number:
The Trust is governed by its' constitution adopted 20
March 1997, as amended 25 July 1997
1064741
Working name:
Principal/registered address:
Board of Trustees:
Bankers:
Lyme Regis Sea School
Woodstock House
Uplyme Road
Lyme Regis
Dorset
DT7 3LS
J Law - chair
HM Davis
R Waspe
J Thomas
SR Petitt (appointed 15 March 2025)
HSBC Bank PLC
17 North Street
Taunton
Somerset
TA1 1NA
Independent examiner:
M French FCCA
Westcotts (SW) LLP
Chartered Accountants
Queens House
New Street
Honiton
Devon
EX14 1BJ
1

The Lyme Regis Sea School Trust
Charity number 1064741
Report of the trustees (continued)
For the year ended 31 March 2025
The trustees present their report and the accounts for the year ended 31 March 2025. The trustees
who served during the year and up to the date of this report are set out one page 1.
The accounts have been prepared in accordance with the accounting policies set out on page 6 of
the accounts and comply with the Charity's Constitution, applicable laws and the requirements of
the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP) and the
Charities Act 2011.
Structure, governance and management
The rules for the appointment of trustees are set out in the constitution dated 20 March 1997,
amended 25 July 1997, and the original trustees have full power to appoint new trustees as they
deem appropriate.
Objectives and activities
The object of the charity is to advance education in sailing and other water sports, and to organise,
provide, or assist in the organisation or the provision of facilities for physical recreation in the
interests of social welfare in Lyme Regis. The charity aims to provide intensive week-long sailing
courses in the summer holidays for children and adults plus regular youth training sessions
throughout the year.
Achievements and performance
April 2024 to March 2025 stabilised on progress made in the previous year. Sea School ran for 8
weeks, power boat 2 courses were popular, but interest in the evening sessions was less. All
courses, bar a PB2 course which was subsequently refunded, were paid for within the financial year.
Expenses increased as we are invoiced for the admin time taken to keep Sea School running, rather
than this being a voluntary role. There was a further set aside of funds to allow for the replacement
of the engine next year.
The weeks held included an Open Day, Local Business Day, local schools' week and a
'Communities days' where the local Explorers/Scouting Group were offered taster days of sailing at
a discounted rate.
Grants and Donations received included £1,000 from Lyme Regis Town Council. This went towards
purchasing 2 new Fusion 2 dinghies. These are a higher performance dinghy, more suited to Youths
to sail that enable you to trapeze and/or sail with a spinnaker. General Fund raising by selling
dinghies and the old RIB engine onwards amounted to £7,310. This enabled us to purchase 4 new
Picos. The fleet at the end of the year stood at 3 x 420s, 7 x Laser Bahias, 6 x Fusions, 14 Laser
Picos and 2 x Fusion 2's. The current condition of the fleet is excellent. We will continue to sell the
420's and some of our older Bahias, which will enable us to purchase more Fusion 2 dinghies.
Our dinghies are used by the Youth section of the Lyme Regis Sailing Club (LRSC) trom April
through to mid December. This is in line with the charitable objective of Lyme Regis Sea School
(LRSS) of promoting sailing for young people and enables an arrangement by which RSS are
permitted to use the assets of LRSC.
The Trust income for the year exceeded expenditure by £2,362. This would have been £14,741
more if the purchase of the 2 new Fusion 2's had gone through prior to 31 March 2024 as originally
2

The Lyme Regis Sea School Trust
Charity number 1064741
Report of the trustees (continued)
For the year ended 31 March 2025
Reserves policy and current position
Unspent reserves at 31 March 2025 were £66,633 and are considered adequate for the Charity's
objectives. The charity aims to hold sufficient reserves to cover 2 years routine expenditure even if
it cannot run its summer courses. Our reserves level for this, within the £66,633 is set at £ 30,000
and this will continue for the future. Excess funds are spent on newer boats and equipment.
Risk management
The Trustees have assessed the major
risks facing the Charity and developed appropriate
procedures to mitigate and control those risks.
Safeguarding
The trustees consider safeguarding matters seriously and follow the guidance issued by the RYA.
Public benefit
The trustees consider that the Trust's activities during the year satisfy the Charity Commission's
guidance on public benefit. The school is an RYA Recognised Training Centre providing sailing
courses and training in particular for youth and students under the age of 24 years who, by reason
of their youth, social or economic circumstances, have need of such facilities. Local schools also
use the
fleet and there is a continuing leadership development and training programme for
instructors most of whom have come up through the school.
Future policy
Going forwards into 2025/2026 we will be selling the remaining 420 dinghies and look to sell one or
2 of the Bahia dinghies and purchase more Fusion 2's as they are a more flexible option for our
youth sailors to learn in. The level of dinghies held has reduced compared to the year ending March
2023 and is what we were looking to achieve. We have held/funded an Al course, Safety Boat
courses and DI & SI courses to strengthen the pool of youths we can call upon to help at sea school
and carry on with our development program.
Many of the Trustees donate hours of unpaid time to ensure the Sea School runs successfully.
Volunteering is also integral to our instructors' roles and we would like to thank them too.
Sau
Jo Law
On behalf of the trustees
Date: 69/2025

The Lyme Regis Sea School Trust
Charity number 1064741
Statement of trustees' responsibilities
For the year ended 31 March 2025
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the accounts in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare accounts for each
financial year which give a true and fair view of charity and of the incoming resources and application
of resources of the charity for that year. In preparing these accounts the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure that
the accounts comply with the Charities Act 2011 and the Charity (Accounts and Reports)
Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Lyme Regis Sea School Trust
Charity number 1064741
Independent examiner's report to the trustees of The Lyme Regis Sea School Trust
For the year ended 31 March 2025
I report to the trustees on my examination of the accounts of The Lyme Regis Sea School Trust for
the year ended 31 March 2025.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
(i) accounting records were not kept in respect of the Trust as required by section 130 of the Act;
or
(ii) the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached
M French FCCA
Independent examiner
Westcotts (SW) LLP
Queens House
New Street
Honiton
Devon
EX14 1BJ
Date: 2/10/2025
5

The Lyme Regis Sea School Trust
Charity number 1064741
Receipts and payments account
For the year ended 31 March 2025
Receipts
Courses and maintenance
Donations
School use
Resale of equipment
Grants
Government grants
Fund raising
Interest receivable
Total
Payments
Purchase of equipment
Refund of fees
RYA fees
Maintenance
Instructors
Instructor training fees and handbooks
Protective clothing
WDDC rent
Website and admin costs
Insurance
Accountancy fees
Miscellaneous
Total
Net receipts/(payments)
Cash funds at 31 March 2024
Cash funds at 31 March 2025
Unrestricted Unrestricted
2025
2024
€
74,604
703
6,355
7,310
2,890
1,331
93,193
86,735
1,024
580
8,450
1,000
1,040
98,829
15,456
6,937
2,219
4,271
41,556
8,037
1,497
2,220
828
4,062
594
3,154
90,831
2,362
64,271
66,633
8,247
355
651
5,685
38,047
7,595
1,266
2,120
8,037
4,119
564
2,924
79,610
19,219
45,052
64,271
6

The Lyme Regis Sea School Trust
Charity number 1064741
Statement of assets and liabilities
For the year ended 31 March 2025
Unrestricted
2025
Current account
Reserve account
Cash funds at 31 March 2024
2,076
64,557
66,633
Unrestricted
2024
€
5,045
59,226
64,271
Approved on behalf of the Trustees:
Faro
Jo Law
Date: 69/2025
7

The Lyme Regis Sea School Trust
Charity number 1064741
Notes to the accounts
For the year ended 31 March 2025
N1. Accounting policies
a) Basis of preparation:
The accounts have been prepared
in accordance applicable
accounting standards- The Statement of Recommended Practise (SORP) applicable to
charities preparing the accounts in accordance with the Financial Reporting Standard
applicable to the UK (FRS 102), effective Jan 2015.
b) Fund accounting:
Unrestricted funds are available for use at the discretion of The
Lyme Regis Sea School Trust in furtherance of the general objectives of the charity.
Restricted funds are subject to the restrictions imposed on their expenditure by the donor.
c) Incoming resources:
All incoming resources are included in the accounts on receipt.
d) Resources expended:
Expenditure is recognised on payment and is inclusive of VAT.
N2. Grants received
2025
2024
Local authority
Regatta
Co-op Local Charities
1,000
890
1,000
2,890
1,000
1,000