RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES As at 31st Dember 2024 Mr J Deane Mrs J Dunderdale Mr R Goodwin Mr T Mcwilliams Mr A Painter Mr J Schofield Mr A St John (Chairman) REGISTERED OFFICE clo RLrtland Sailing Club. Gibbet Lane. Edith Weston. Oakham. Ruuand LE15 8HJ. BANKERS Barclays Bank UK plc 1 Churchill Pla London E14 5HP ACCOUNTANT A & K Associates Limited 15 The Green Ketton Stamford PE9 3RA GOVERNING INSTRUMENT The charity is govemed by its Memorandum and Articles of Association CHARITY NUMBER 1069540 COMPANY NUMBER 3526980
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 REPORT OF THE TRUSTEES The trustees, who are directors of the Company for the purposes of company law. present their annual report and financial statements for the year ended 31st Dember 2024. Structure, Governance and Management Rutland Sailability is a registered charity incorporated as a charitable company limited by guarantee, governed by its Memorandum and Articles of Association, dated 13th March 1998. The organisation is administered by its board of unpaid trustees, who are elected by the membership for 3-year terms. The charity has no employees. its activities being made possible by the support of its voluntary helpers. In exercising their powers and dtrties the trustees have had due regard to the guidance on public benefit published by the Charity Commission. Objectives and Activities The objects of Rutland Sailability are principally the provision and maintenance of sailing and recreation facilities for people with disabilities. The charrty operates as a dub, membership being open to both people with disabilities and the able-bodied. all of whom work together for the enjoyment of sailing. Financed solely by charitable donations. the Club operates a fleet of boats at Rutland Water, from the premises of Rutland Sailing Club, whose c(H)peration and support are greatly appreciated. Most of the charity's boats are specifically designed to enable sailing by those with disabilities. The large group of volunteer helpers includes RYA qualified instructors who are available to assist with training and development of all levels of sailors, from novi to paralympic racing standard. Achievements and Perforniance This year has seen Rutland Sailability (RS) Members enjoying their sailing and Club activities both at home and away travelling to Races both in this country and abroad. A number of our racing sailors now regularly take part in the Sunday Racing at Rutland including SKUD, Challenger, Liberty and 303 sailors. Challenger sailors, participation in RSC Sunday racing has seen our sailors amongst the top of the club dinghy handicap fleet and often we have had the largest fleet on the water. Our sailors have also participated in RSC Thursday evening racing. One series was won by a Challenger sailor. Importantly as Sarah Forsyth retires as our main Fund Raiser we must say thank you for all the hard work done to keep the funds coming in. Over the years Sarah has raised many thousands of pounds which have paid for the specialist equipment and boats allowing us all to enjoy the pleasures of sailing. On the financial support to sailing side of our operation. we must thank all our supporters, once again. for their very kind donations during 2024. Their money allowed us to purchase a new "green buggy, plus 2 new hoists this year. As with last year, our hoist supplier has agreed to cary the risk of not starting the hoists operational lives until they are commissioned in the spring of 2025. This support adds some 6 to 8 months to the operational life of the hoists. Our "ownership" of the Rutland Sailability trddemark came up for renewal in April 2024. The trustees took the decision not to use a 3r(1 party to renew the Rutland Sailability trademark. This decision resulted in a saving of £400. It is important at this point to acknowledge the debt of gratitude we owe to all our volunteers, whatever their role but in particular this year to mention 3 volunteers by name who have collectively given over 30+ years, service to Rutland Sailability as Fleet Captains. To lan McNair. Philip Mason and John Deane a special mention and a thank you for all the time, energy. skill and friendship that you have given to all of us. keeping your fleets (Liberty, Challenger and Venture) in tip top condition allowing "Safe and Fun Sailing..
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 REPORT OF THE TRUSTEES cont Whilst the number of aduft disabled sailors has not grown this year, our Youth sailors who sail on Saturday mornings continues to grow under the leadership of Tony Bamiby, Craig Dunderdale and Wendy Alexander. Unfortunately the downside is that the Saturday sailing group has become increasingly popular and there is a waiting list for new youngsters to join in. In 2023 we received a very generous donation which enabled RS to make some changes retiring older boats. The Hawk which was purchased in late 2023 is proving a popular asset providing a safe platform for some exciting sailing, in addition it has been used frequently for those training to be RYA Instructors. RS has also taken delivery of a new 303 and a new Liberty and 2 new RS Ventures which have been used throughout the year. The ordered new Challenger arrived at the end of March 2025. We have been delighted to welco a steady influx of new volunteers this season. Their presence is invaluable. as fresh faces invigorate our community. It is essential that we not only wel(x)me these newcomers but also encourage our volunteers to embrace other roles that extend beyond just sailing. Many of these opportunities do not require ongoing management involvement or participation in a committee, which may not appea5 to everyone. To all our volunteers thank you. Whatever time and skills you can offer (boat repairs. sailing skills, fund raising, media skills) we need you. Managing Administration and Communication remains very challenging. Developing the systems that allow sensible communication to the outside world through our website and enable in-house systems for membership registration & weekly management of sessions has been achieved. Thank you to those involved. Now please continue to use them for the benefit of all. Rutland Sailability has again been active on the racing circuit both at home and abroad. Challenger sailors, Libety and 303 sai5ors. During the 2024 sailing season RS Challenger sailors took part in the National Open Handicap Sailjuice Series competing against top sailors one of our sailors winning the Masters Class. Further successes were achieved in Challenger Travellers Events, throughout the country, most events being won by an RS sailor. During the Challenger UKS, held at Rutland SC. our own sailors came 1st. 2nd and 3rd in both the Gold and Silver Fleets. One of our own sailors is now the current UK Champion. Our Libety and 303 sailors have been sailing at the various TT events proving that Rutland Sailability is alive and welll Paul Pearson, Ric Cassel, Simon Harie and Chris Emmett ranking highly throughout the season. Our team travelled to the Hansa European Championships held at the Royal Yacht Club at Sneek (the Netherlands) in September with excellent results. In October 2024 the Venture Connect World Championships organised by World Sailing and RS Sailing, hosted by RSC were held at Rutland Water. Rutland Sailability provided the manpower for the use of our hoists and entered 2 crews in the event. Venture 627 was sailed with pole steering and crewed by Deb and Logan while 628 was sailed with electric steering and crewed by Allan and John. The weather throughout was particularly challenging with the high winds forcing the organisers to restrict all competitors to a reefed main or no spinnakers for many of the races. Despite both fierce weather and competition the Rutland crews proved themselves more than up for the event and despite their inexperience of sailing the Venture Connect at this level they achieved creditable results on the 'world stage, It is clear that Rutland Sailability has much to offer and much of which we can be very proud. Overall through recreational sailing. training and racing. Rutland Sailability activities in 2024 enabled many more members to enjoy the sport of sailing.
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE-CHARITY NUMBER: 1069540 REPORT OF THE TRUSTEES cont Controlling Interest The control of the charity rests wtth the board of unpaid trustees. who meet on a monthly basis to administer the affairs of the charity. Trustees and their Interests The trustees in office during the year are shown on page 1. Policy on Reserves The unrestricted general fijnd now stands at £67.894. The nature of our annual cash flows is such that the bulk of our normal expenditure falls due at the commencement of our financial year. Such a sum is therefore not excessive. Risk Review The tnjstees have assessed the major risks to which the charity is exposed. in particular those related to the operations and finances of the charty. and are satisfied that the systems are in pla to mitigate our exposure those major risks. Trustees. Responsibilities Company law requires the trustees to prepare financial statements for each financial period, providing a true and fair view of the state of affairs of the charity at the end of that period and of the net Income or expenditure of the charity for that period. In preparing those financial statements the trustees are required to= select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent" follow applicable accounting standards. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the on-going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the preventionldetection of fraLJd and other irregularities. Political and Charitable Donations The charity made no political contributions. nor donations to other charitable organisations, during the period.
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 REPORT OF THE TRUSTEES ont Small Company Exemption The report of the trustees has been prepared in accordan with the speaal provisions of the Companies Act 2006 applicable to companies subject to the small companies. regime. This report was approved by the trustees on 3 April 2025 and signed on their behaEf by: Mr A St John Chairman
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE FINANCIAL STATEMENTS OF RUTLAND SAILABILITY I report on the accounts of Rutland Sailability for the year ended 31st December 2024 as set out in the annual report. Respective Responsibilities of the Management Committee and the Examiner The charity's trustees are responsible for the pparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the Charities Act, to follow the prOdureS laid down in the General Directions given by the Charity Commission (under section 145(5))(b) of the Charities Act. and to state whether particular matters have come to my attention. Basis of Independent Examiner's Ststement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented wtth those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking further explanations from the management committee concerning any such matters. The prOdureS undertaken do not provide all the eviden 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 my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any material respect. the requirements: to keep accounting records in accordance with section 130 of the Charities Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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. A & K Associates Limited 15 The Green Ketton Stamford PE9 3RA 20th March 2025
RUTLAND SAILABIUTY A COMPANY LIMITED BY GUARANTEE- CHARITh NUMBER." 1069540 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 st DECEMBER 2024 Note <41nrestricted Funds General Designated Restricted Funds 2024 Total 2023 Total Incoming Resources Donations and sponsotship Gift Aid tax refund Activities in furtheran of the Charity's objectives.. Member subscriplions Activities for geneTrting funds= Funds raising Social events Clothing sales (1) 34.153 2.454 3.637.00 37.790 110,695.00 2,454 2,152 11.025 11.025 7,997 272 1,957 272 1.957 1,739 2,130 49.861 3,637.00 53.498 124,713 Income from investment" Bank deposit interest HMRC interest Tptal Incoming Resources 80 101 50,042 80 101 53,679 65 124,778 3,637.00 Resources Expended Costs of generating funds.. Funds raising costs Social events Clothing purchases {1) 2,025 2,025 2,133 2.025 2,025 2,133 Charitable Expenditure Costs of aGtivtties in furtheranGe of the chaiity's objectives= Rutland Sailing Club fees Racing event expenses Insuran Maintenance of Boats & EqUipent Safety boat Nnning (x)sts Depreciation Dry suits & buoyancy aids Admin. supplies Member training & COLsrse fees (1) 16.420 16,420 3,639 3,667 9,319 926 37,825 16,596 5,500 3,519 9,590 869 45,517 3.639.00 3,667 8,114 926 3,973 1,205.00 33.852 2,266 430 2,266 430 2,417 1,249 Management and administration: Accountants Sub-total Total Expenditure (13) 300 36,096 38.121 300 74,792 76,817 300 85,557 87.690 33,852 33,852 4.844 4,844 Net incomingl(outgoing) resources bpfore transfers Transfer between funds Net movement in funds Tptal funds at 1st January Tptal funds at 31 st December 11.921 3.023 8.898 58,996 67,894 (33.852) 3,021 (30.831) 39,371 8,540 (1 .207) (23,138) 37,088 (1 .205) 5,122 3,917 (23.138) 103.489 80,351 37,088 66,401 103,489 MoverrEnts in funds are disclosed in Note 6 to the financial statements. The notes on pages 9 to 14 form an integral part of these financial statements.
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 BALANCE SHEET AT 31 st DECEMBER 2024 2024 2023 Note Fixed assets (2) Current assets PrepaYEntS and other debtors Cash at bank and in hand (3) (4) 13,851 90,767 82,676 82,676 104,618 Creditors - anuntS falltng due thin 1 year Memberships in advance Deposits held 2,325 939 190 2,325 1,129 Net current assets 80.351 103,489 Reserves Unrestricted general fund (5) 67,894 58,996 Unrestricted desunated funds {6) 17) 8.540 39,371 Restrictsd fvnds 3,917 5,122 80,351 103.489 The Trustees, statements required by Section 475(2) and (3) are shown on the following page, lch forrns part of the balance sheet.
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 BALANCE SHEET AT 31ST DECEMBER 2024 Directors, statements re uired b Section 475 and for the ear ended 31 December 2024 In approving these financial statements as directors of the company we hereby confimi.. 1 } that for the financial year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006. 2) that no noti has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 December 2024. and 3) that we acknowledge our responsibilrties for: i. ensuring that the company keeps accounting records which comply with Section 386. and Ll. preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company. These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies, together wtth the SORP relating to Charities and the Charities Act 2006. These financial statements were approved by the trustees on 3rd April 2025 and were signed on their behalf by: Mr A St John Mr A Painter Chaimian Treasurer The notes on pages 9 to 13 fomi an integral part of these financial statements.
10 RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 I. ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared under the historical cost convention, and in accordance with applicable Accounting Standards and the Statements of Recommended Practice (SORP), 'Accounting and Reporting by Charities, published in October 2005. The chartty has availed itself of Paragraph 3 (3) of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of the charitys activities. Incoming Resources Income represents donations, subscriptions and other fvnds generated from fundraising activities. All income was attributable to the United Kingdom. Resources Expended All expenditure is accounted for on an ac(xuals basis and has been dassified under headings that aggregate all costs related to the category. Depreciation The charity continues with its historic practice of writing off the cost of all boat and equipment purchases in the year of acquisition. For Insuran purposes, the charity's assets were valued at £252,800 at the year end. This is based on a like-for-like (not new for old) valuation for our boats. General Funds General funds are unrestricted funds which are available for use at the dis(xetion of the trustees in furtherance of the general objectives of the charity. Restricted Funds Restricted funds are funds which are to be used in accordan with specific wishes of donors. or which have been raised by the charty for particular purposes. The purposes of any restricted funds are set out in the notes to the financial statements. Designated Funds These are amounts which have been set aside at the discretion of the tnjstees for specific, but not legally binding, purposes which are explained in the notes to the financial statements. Cash Flow Statements The financial ststements do not include a cash flow statement because the charity. as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard l. Taxation The company. as a registered charity. is not liable to corporation tax.
RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE - CHARITY NUMBER: 1069540 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st DECEMBER 2024 CONTINUED TANGIBLE FIXED ASSETS (all equtpment) Totsl Cost As at January 1 st 2024 Additions less Disposals Revaluation 182,329 37,825 32,646 As at December 31 st 2024 252 800 Depreciation As at January 1st 2024 Charged for the year Revaluation 182,329 37.825 32,646 As at Dember 31 st 2024 252 800 Net Book Amount As at January 1 st 2024 NIL As at December 31st 2024 NIL The trustees have decided that that the current insurance valuatK)n of our assets is Ihe most appropriate valuation for us. Cost and depreciation figures have been adjusted to reflect Ihis valuation. As the cost of all boat and equipment purchases are wriiten off in the year of acquisf(ion. no adjustment in repect of prioryears is necessary. PREPAYMENTS AND OTHER DEBTORS Prepayments and other debtors (2024 £Nil) in 2023 included the sum of £2,217 in respect of Gift Aid received after the year end. and £11.634 deposits on replacement boats delivered during 2024. CASH AT BANK AND ON HAND 2024 2023 Current Accounts 82.676 90.767 Cash on Hand 82,676 90,767
12 RUTLAND SAILABILITY A COMPANY LIMITED BY GUARANTEE - CHARITh NUMBER: 1069540 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st DECEMBER 2024 CONTINUED MOVEMENT AND VALUATION OF FUNDS <-Unrestricted Funds General Designated Restricted Funds 2024 Total Funds BIF January 1 st 2024 58,996 39,371 5,122 103,489 Transfe Between Funds (3.023) 3.021 Excess of Income Over Expendrture (before depreciation & interest) 49,565 (33,852) {1,207) 14,506 Depreciation of CapÉtal Expenditure InCUd in Year (37.825) {37.825) Interest and Dividends Received 181 181 Funds CIF Dember 31st 2024 67.894 8,540 3,917 80,351 The accounting policy for funds is described in We 1 to these financial statenEnts. The General Fund represents the free funds of the charity 1¢h are mt designated for particular purposes. DESIGNATED FUNDS Transfer to General Fund BalanGe at 0110112024 Incoming Funds Resources Expended Balance at 3111212024 Boats and Equipment Replacement 39,371 33,852 3,021
13 RUTLAND SAILABIUTY A COMPANY LIMITED BY GUARANTEE - CHARITY NUMBER: 1069540 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 CONTINUED RESTRICTED FUNDS Transfer to General Balance at Incoming 0110112024 Funds (net) Resources Balance at Expended Fund 3111212024 5.122 3.637 4,844 3.917 The balan on this fund is to be utilised for the annual maintenance and running costs of a Venture narrEd 'Jane Carol.. TOTAL FUNDS <-Unrestricted Funds General Designated Restricted Funds Total Funds Current Assets 82.676 82,676 (2,3251 Current Liabiltties {2,325) Total Net Assets 80,351 80,351 CONTINGENT LIABIUTIES There were no contingent liabilities at 31 st December 2024. 10. CAPITAL AND REVENUE COMMITMENTS Capttal commitments contracted for but not provided in Ihe financkil ststements amounted to £8,540 (2023 £31.270). The charity is commttted to pay Rutland Sailing Club a fee of £642 p.a. for as long as the use of the boat store is required. The chartty has no other commitments at 31st Dernber 2024 (2023 - £642). 11. TRUSTEES. REMUNERATION AND WAGES The company has no employees. The tTUStees and helpers receNed no incon or financial beneftt from the company.
14 RUTLAND SAJLABILITY A COMPANY LIMITED BY GUARANTEE- CHARITY NUMBER: 1069540 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 12. CONTROLLING PARTY The charity is controlled by the board of trustees. 13. ACCOUNTANT'S REMUNERATION Paragraph 9.23 of the Statement of Recommended Practice (SORP) requires that charities disdose the amount payable to their independent examiner. The independent examiner's remuneration of £300 related solely to the independent scrutiny of the accounts with no other additional work being undertaken. 14. PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other charities of our size and nature. we use our accountants to assist us with the preparation of the financial statements.