**Charity registration number 1069540**
**Company registration number 3526980 (England and Wales)**
## **RUTLAND SAILABILITY**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
## **RUTLAND SAILABILITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr J Deane||
|---|---|---|
||Mrs J Dunderdale||
||Mr R Goodwin||
||Mr T McWilliams||
||Mr A Painter||
||Mr J Schofield||
||Mr A St John||
||Mr I Powell|(Appointed 5 June 2025)|
||Mr P Pearson|(Appointed 5 June 2025)|
|**Charity number**|1069540||
|**Company number**|3526980||
|**Registered office**|c/o Rutland Sailing Club Limited||
||Gibbet Lane||
||Edith Weston||
||Oakham||
||Rutland||
||LE15 8HJ||
|**Bankers**|Barclays Bank plc||
||1 Churchill Place||
||London||
||E14 5HP||
|**Accountants**|Newby Castleman LLP||
||West Walk Building||
||110 Rengent Road||
||Leicester||
||LE1 7LT||
|**Governing Instrument**|The charity is govered by its||
||Memorandum and Articles of||
||Association||
## **RUTLAND SAILABILITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 15|
## **RUTLAND SAILABILITY**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025**
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **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 duties 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 charity operates as a club, 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 co-operation 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 novice to paralympic racing standard.
## **Achievements and performance**
This year has seen a number of important changes not least watching Rutland Water overflow at the beginning of the season and then by mid season the levels dropped dramatically as the very hot summer saw little rain and water consumption increasing. By the end of the season the water levels were so low that the floating pontoons were no longer floating and the launching of boats became increasingly difficult and almost impossible for the Challenger Fleet. All of course due to Climate Change!
Congratulations to all our sailors taking part in competitions. To Val Millward winner at national level and Caz Jerromes winner of the Silver Challenger Fleet. To Paul Pearson, winner Hansa Liberty TTs and Christine Spray winner of the Rutland Sailing Club Lake Race Series and 2nd place at the SKUD nationals.
Logan Bell’s achievements this year have been special. He has raced at various venues within the UK and also in Europe and Australia. He was winner of the National Silver Fleet in Hansa 303s and winner of the Ron Sawford Endeavour Trophy. In October Logan received the RYA Impact Award. The citation reads ‘Your time, energy and passion. makes a meaningful difference and we are grateful for your valuable support.”
2025 marked the 30th Anniversary of the start of Rutland Sailability and was celebrated in style on Thursday 29th June. Presentations were made to John Morley and Penny Wake for their vision and support throughout the 30 years. Both Penny and John were made Honorary Life Members. After which we were treated to Coffee and Cake and sailing resumed.
This year has seen the number of sailors increasing including the number of Youth sailors, equalling or exceeding pre-Covid levels which is excellent news. Rutland Sailability (RS) Member’s have continued to enjoy 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.
- 1 -
## **RUTLAND SAILABILITY**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
It is important at this point to acknowledge the debt of gratitude we owe to all our volunteers, cleaning, scrubbing, teaching, sailing and supporting Sailability members.
We were informed early in the year that one of our main supporters over 30 years, The Bruce Wake Trust Charity would be winding down it’s operations and closing down its operations. We were asked to submit a final bid for funds. In due course and with considerable amazement at the generosity of The Trust we received a substantial sum which has allowed us to plan for 3 new boats and build a small reserve for future as yet unknown expenses. It remains important for us to keep the fleet in good safe order which is never going to be a cheap option.
We updated our fleet with one new Liberty, a new 303 and a new Challenger during the year all be it a year late!
We are looking forward to taking delivery of a new Hawk and a new Drascombe Longboat within the next 3 months whilst retiring 2 of our oldest boats, our last remaining Kinsman and our oldest (40 years young) Drascombe.
Our thanks must also go to a number of Rotary Clubs and other service organisations and individuals who continue to support us, without this support maintaining and replacing necessary equipment would be impossible.
We have been delighted to welcome 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 welcome 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 appeal to everyone, but involvement would be welcomed.
To all our volunteers thank you. Whatever time and skills you can offer (boat repairs, sailing skills, fund raising, media skills) we need you.
This year a small but increasing group of sailors had the pleasure of using the SKUDs and have been increasingly seen on the water in the weekend race series. Fast and furious sailing.
Our Hansa 303 Fleet is well used and raced along with the Hansa Liberty Fleet. Our sailors are to be seen both at home and away, including abroad, competing and achieving awards.
For our youth sailors the Fusion is attracting interest as skills and confidence is developed.
The Challengers had a good year, usual weather limitations, probably averaged 5 boats a day on the water and we are able to staff all the needs during the season with good regular support on shore. Sailing had to stop a couple of weeks early as the water was too low and that created difficulties with launching through the mud.
The Longboats had a very busy season with occasionally both boats in use all day. That usage took its toll on the Wally Goldsmith which is about 40 years old. We are looking forward to the arrival of our new Longboat in the coming weeks which will be a great addition for this season.
We managed to provide the opportunity for Venture sailing on nearly every occasion that sailability was on the water in 2025 - this includes a couple of occasions when conditions were somewhat challenging and both helm and crew returned to the jetty with a sense of either exhilaration and/or relief! The fact that the electric Venture (Jane Carol) has now been set up so it can easily convert to pole steering has greatly helped flexibility on the days we are only able to launch one boat.
A number of new members were able to enjoy the Ventures last season, some moving onto other classes of boat and others we hope to see again this year. Sailing with the spinnaker was enjoyed on a number of occasions.
The Hawk had a lot of use in 2025. It was sailed most Thursdays, increasingly on Saturdays and for a lot of training sessions. The Hawk has proved very popular with our sailors including our youth sailors in all weather conditions and has enabled many disabled members to take an active part in sailing it. The Kinsman was not used that much in 2025. The Hawk is preferred and a new additional Hawk will be joining the fleet this year. The Kinsman is currently up for sale.
- 2 -
## **RUTLAND SAILABILITY**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
Rutland Sailability delivered an exceptional seventh round of the 2025 Hansa TT series, stepping in as last-minute hosts after Bolton's cancellation due to drought conditions. The event saw 25 boats from across the UK and Ireland compete on Rutland's renowned inland waters, combining top-tier racing with the inclusive spirit that defines Hansa sailing. Rutland Sailability fielded an impressive 12-boat contingent, including four sailors making their series debut. Under the expert guidance of coaches Tony Barmby, Wendy Alexander and Logan Bell, these newcomers demonstrated the programme's success in developing competitive sailors while maintaining the class's welcoming ethos.
Our Youth Sailors have had a good year – enjoyment for all developing skills and growing friendships. Individual stories of mini adventures for young sailors starting out, as well as those more experienced, maturing and helping others enjoy their time on the water. Enabler folk giving fantastic support throughout the season, eliciting many positive and thankful comments from youth sailor families. Fleet Captains providing great support ensuring boat availability.
It is clear that Rutland Sailability continues to have much to offer and much of which we can be very proud. Overall through recreational sailing, training and racing, Rutland Sailability activities in 2025 enabled many more members to enjoy the sport of sailing.
## **Controlling Interest**
The control of the charity rests with 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 fund now stands at £297,459. The nature of our annual cash flow is such that the bulk of our normal expenditure falls due at the commencement of out financial year. Such a sum is therefore not excessive.
## **Risk Review**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that the systems are in place to mitigate our exposure to those major risks
- 3 -
## **RUTLAND SAILABILITY**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Statement of trustees' responsibilities**
The trustees, who are also the directors of Rutland Sailability for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, 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; and
- prepare the financial statements 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Political and Charitable Donations**
The charity made no political contribuitions, nor donations to other charitable organisations, during the period,
## **Small Company Exemption**
The report of the trustees has been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.
The trustees' report was approved by the Board of Trustees.
Mr A St John Trustee
## **28 April 2026**
- 4 -
## **RUTLAND SAILABILITY**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUTLAND SAILABILITY**
I report to the trustees on my examination of the financial statements of Rutland Sailability (the charity) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Dated: 28 April 2026
**Richard Buckby FCA Newby Castleman LLP Chartered Accountants West Walk Building 110 Regent Road Leicester LE1 7LT**
- 5 -
## **RUTLAND SAILABILITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
241,716
3,046
Charitable activities
**4**
13,400
-
Other trading activities
**5**
2,639
-
Investments
**6**
2,051
-
**Total**
259,806
3,046
**Expenditure on:**
Raising funds
**7**
2,587
-
Charitable activities
**8**
36,194
1,490
**Total**
38,781
1,490
**Net income/(expenditure)**
221,025
1,556
**Net movement in funds**
221,025
1,556
**Reconciliation of funds:**
Total funds brought forward
76,434
3,917
**Total funds carried forward**
297,459
5,473|**Total**
**2025**
**£**
244,762
13,400
2,639
2,051
262,852
2,587
37,684
40,271
222,581
222,581
80,351
302,932|**Total**
**2024**
**£**
40,244
11,025
2,229
181
53,679
2,025
74,792
76,817
(23,138)
(23,138)
103,489
80,351|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **RUTLAND SAILABILITY**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2025**
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within one
year
**14**
Net current assets
**Total assets less current liabilities**
**Funds of the charity**
Restricted funds
**15**
Unrestricted funds
**Total charity funds**|**2025**
**£**
41,531
250,465
291,996
3,779|**£**
14,715
288,217
302,932
5,473
297,459
302,932|**2024**
**£**
-
82,676
82,676
2,325|**£**
-
80,351|
|---|---|---|---|---|
|||||80,351|
|||||3,917
76,434|
|||||80,351|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised by the board of trustees on 28 April 2026 and are signed on its behalf by:
Mr A Painter Mr A St John **Trustee Trustee**
Company registration number 3526980 (England and Wales)
- 7 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies**
## **Charity information**
Rutland Sailability is a private company limited by guarantee incorporated in England and Wales. The registered office and place of business is given in the legal and administrative information page of these financial statements.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets at fair value. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised at the earlier of the charity being notified of an impending distribution, or the legacy being received. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Support costs**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs. They are incurred directly in support of expenditure on the objects of the charity. Support costs are allocated to expenditure on charitable activities on a basis consistent with use of the resources.
## **1.7 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 100% Cost
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount in order to determine the extent of the impairment loss (if any). Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Statement of Financial Activities (SOFA) unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the SOFA, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
## **1.9 Financial instruments**
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities ("SOFA").
- 9 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting policies**
## **(Continued)**
## **1.10 Employee benefits**
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The trustees do not consider there to be any key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and
sponsorship
238,720
3,046
Gift aid
2,996
-
241,716
3,046
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Member subscriptions
13,400
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
241,766
34,153
3,637
2,996
2,454
-
244,762
36,607
3,637
**Total**
**Unrestricted Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
13,400
11,025
-|**Total**
**2024**
**£**
37,790
2,454|
|---|---|---|
|||40,244|
|||**Total**
**2024**
**£**
11,025|
## **4 Income from charitable activities**
- 10 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **5 Income from other trading activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Fundraising
15
-
Social events
2,624
-
Other trading activities
2,639
-
**Income from investments**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Bank deposit interest
1,987
-
HMRC interest
64
-
2,051
-
**Expenditure on raising funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Trading costs**
Social events
2,587
-
**Expenditure on charitable activities**
**Activities**
**undertaken**
**directly**
**Note 9**
**£**
Charitable expenditure
35,639
Unrestricted funds
Restricted funds|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
15
272
-
2,624
1,957
-
2,639
2,229
-
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
1,987
80
-
64
101
-
2,051
181
-
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
2,587
2,025
-
**Grant**
**funding**
**Support**
**Costs**
**Total**
**2025**
**Note**
**Note 10**
**£**
**£**
**£**
-
2,045
37,684
36,194
1,490
37,684|**Total**
**2024**
**£**
272
1,957|
|---|---|---|
|||2,229|
|||**Total**
**2024**
**£**
80
101|
|||181|
|||**Total**
**2024**
**£**
2,025|
|||**Total**
**2024**
**£**
74,792|
|||69,948
4,844|
|||74,792|
- **6**
## **7 Expenditure on raising funds**
## **8 Expenditure on charitable activities**
- 11 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **9 Expenditure on activities undertaken directly**
|Rutland Sailing Club fees
Racing event expenses
Insurance
Maintenance of boats and equipment
Safety boat running costs
Admin supplies
Member training and course fees
**Expenditure on support costs**
Depreciation
Profit/(loss) on tangibles
Governance costs
**Analysed between:**
Charitable activities|**2025**
**£**
17,256
444
5,386
8,734
1,390
2,129
300
35,639
**2025**
**£**
1,625
(3,000)
3,420
2,045
2,045|**2024**
**£**
16,420
3,639
3,667
9,319
926
2,266
430|
|---|---|---|
|||36,667|
|||**2024**
**£**
37,825
-
300|
|||38,125|
|||38,125|
## **10 Expenditure on support costs**
## **11 Trustees**
The charity has no employees. The trustees and helpers received no remuneration or benefit from the charity during the year, or in the previous year.
- 12 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
|**12**|**Tangible fixed assets**||
|---|---|---|
|||**Plant and**|
|||**equipment**|
|||**£**|
||**Cost**||
||At 1 January 2025|252,800|
||Additions|16,340|
||Disposals|(3,000)|
||Revaluation|(44,466)|
||At 31 December 2025|221,674|
||**Depreciation and impairment**||
||At 1 January 2025|252,800|
||Depreciation charged in the year|1,625|
||Eliminated in respect of disposals|(3,000)|
||Revaluation|(44,466)|
||At 31 December 2025|206,959|
||**Carrying amount**||
||At 31 December 2025|14,715|
The trustees have decided that that the current insurance valuation of our assets is the most appropriate valuation for us. Cost and depreciation figures have been adjusted to reflect this valuation. As the cost of all boat and equipment purchases are written off in the year of acquisition, no adjustment in respect of prior years is necessary.
|**13**
**Debtors**
**Amounts falling due within one year**
Trade debtors
**14**
**Creditors: amounts falling due within one year**
Trade creditors|**2025**
**£**
41,531
**2025**
**£**
3,779|**2024**
**£**
-|
|---|---|---|
|||**2024**
**£**
2,325|
- 13 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1**
Jane Carol
TT Races
**Previous year:**
**At 1**
Jane Carol|**January**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2025**
**£**
**£**
**£**
**£**
**£**
3,917
-
(1,046)
-
2,871
-
3,046
(444)
-
2,602
3,917
3,046
(1,490)
-
5,473
**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
5,122
3,637
(4,844)
2
3,917|
|---|---|
The balance on this fund is to be utilised for the annual maintenance and running costs of a Venture named 'Jane Carol'.
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
Boats and equipment
replacement
General funds|**January**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2025**
**£**
**£**
**£**
**£**
**£**
8,540
-
-
-
8,540
67,894
259,806
(38,781)
-
288,919
76,434
259,806
(38,781)
-
297,459|
|---|---|
- 14 -
## **RUTLAND SAILABILITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
|**16**|**Unrestricted funds**|||||**(Continued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**|
|||**2024**|**resources**|**expended**||**December**|
|||||||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
||Boats and equipment||||||
||replacement|39,371|-|(33,852)|3,021|8,540|
||General funds|58,996|50,042|(38,121)|(3,023)|67,894|
|||98,367|50,042|(71,973)|(2)|76,434|
|**17**|**Analysis of net assets between**|**funds**|||||
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2025**|**2025**|**2025**|
|||||**£**|**£**|**£**|
||**Fund balances at 31 December**|**2025 are represented by:**|||||
||Tangible assets|||14,715|-|14,715|
||Current assets/(liabilities)|||282,744|5,473|288,217|
|||||297,459|5,473|302,932|
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2024**|**2024**|**2024**|
|||||**£**|**£**|**£**|
||**Fund balances at 31 December**|**2024 are represented by:**|||||
||Current assets/(liabilities)|||76,434|3,917|80,351|
|||||76,434|3,917|80,351|
## **18 Financial commitments, guarantees and contingent liabilities**
There were no contingent liabilities at the year end.
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 15 -