2022-10-31-accounts

			Page
Report ofthe Trustees			1-6
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements		10-15

				Notes			2022	2021
					Unrestricted	Restricted
					fund	Fund	Total Funds	Total funds
						g		g
INCOMING RESOURCES
Incoming resources from generated		funds
Donations				2	423,403		423,403	366,194
Investment income				3	1,866		1,866	3,840
Other incoming resources				4	86,123		86,123	34,987
Total incoming resources					511,392		511,397	405,021
RESOURCES EXPENDED
Charitable activities				5-6	421,837		421,837	382,115
Governance costs				7	3,716		3,716	3,520
Total resources expended					425,553		475 553	385,635
NET INCOMING/(OUTGOING	I
RESOURCES and net income/(deficit)			for
the year				10	85,839		85,839	19,386
Transfers between funds
Net movement in funds					85,839		85,839	19,386
RECONCILIATION OF FUNDS
Total funds brought forward					1,078,778		1,078,778	1,059,392
TOTAL FUNDS CARRIED FORWARD					1,164.617		1,164,617	1,078,778

The Rona Trust
Balance Sheet
as at31October 2022				2022		2021
				Total funds		Total funds
		Notes				8
FIXEDASSETS
Tangible assets		17		441,865		463,830
CURRENT ASSETS
Stocks		14	1,200		1,200
Debtors		15	48,431		25,065
Cash at bank		16	697,087		614,421
			746,718		640,686
CREDITORS
Amounts falling due within	one
year		17	(23,967)		(25,738)
NET CURRENT ASSETS				722,751		614,948
NET ASSETS				1,164,616		1,078,778
FUNDS
Unrestricted funds:		18
General funds				187,686		135,696
Designated funds				976,930		943,082
Restricted funds		19
TOTAL FUNDS				1,164,616		1,078,778

Workshop equipment	10%straight	line
OAice equipment	33%straight	line
Motor vehicles	2(PA straight	line
Motor tenders	10%straight	line with residual value IS00
Yachts	2.5%straight	line
Workshop improvements	over the length ofthe lease
Office &crew room	20% straight	line

						Unrestricted	Restricted	Total funds	Total funds
2	DONATIONS					funds	funds	2022	2021
	Viscount Amory		Trust			96,510		96,510	92,000
	Searle Trust					63,000		Ci3,000	62,500
	Association	ofSail Tnuning		Organisation	s	IS,961		18,961	109,388
	Afterguard	donations				37,242		37,242	29,174
	Gill Aid					10,208		10,208	5,318
	Cotporates					23,080		23,080	19,530
	Non-operational		income			115,000		115,000
	Sundry donations					59,402		59,402	48,284
						423,403		423,403	366,194

3	INVESTMKNT INCOME	INVESTMKNT INCOME	Unrestricted	Restricted	Total funds	Total funds
			funds	funds	2022	2021
					f	f
	Deposit account interest		1,866		1,866	3,840
			1,866		1,866	3,840
4	OTHER INCOMING RESOURCES				2022	2021
	Unrestricted	funds other income			86,123	34.987
	Restricted funds other income
					S6 123	349S7
	Unresmcted	funds other income:			2022	2021
	Crew fees				79,044	28,760
	Race income
	Other income				5,213
	Courses				1,866	1,138
	Souvenirs
					86,123	34,987

		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2022	2021
Vessel	costs	286,714		286,714	251,855
Support	costs	135,123		135,123	130,260
		421,837		421,837	382,115

			Acnvities
			undertaken	Support	Total funds	Total funds
			directly	costs	2022	2021
	Unrestricted	costs	286,714	135,123	421,837	382,115
	Restricted costs
			M6,714	135,123	421,837	382,115
7	GOVERNANCE COSTS		Unrestricted	Restricted	Total funds	Total funds
			funds	funds	2022	2021
					8
	Accountancy		3,716		3,716	3,520

8	ANALYSIS OP SUPPORT COSTS	Unrestricted	Restricted	Total fuads	Total funds
		funds	funds	2022	2021
			0		0
	Staff costs	56,316		56,316	53,959
	Depreciation	22, 111		22, 111	35,699
	Rent, rates and service charges	42,765		42,765	27,838
	Subscriptions	1,074		1,074	918
	Motor vchiclc and travel cxpcnscs	5,197		5,197	4,030
	Telephone	3,162		3,162	3,697
	Miscellaneous	479		479	192
	Courses and training	2,356		2,356	2,632
	Postage and stationery	971		971	837
	Bank charges and intcrcst payable	692		692	458
		135,123		135,123	130,260

		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2022	2021
		I			f
Wages and salaries		104,446		104,446	92,191
Boat repairs		76,228		76,228	98,456
Food expenses		21,943		21,943	13,809
Fuel and benhmg	expenses	28,757		28,757	20,248
Race expenses
Crew travel expenses		7,342		7,342	1,874
Crew clothing expenses		11,173		11,173	5 711
Insurance		24,051		24,051	19,555
Meetings and confcrenccs		12,775		12,775
		286,715		286,715	251,855
NET INCOMING	RESOURCES FOR	THE YEAR
		Unresu. icted	Restricted	Total funds	Total funds
		fuads	fundsf	2022 f	2021 f
This is stated after	charging:			f
Depreciation		22,110		22,110	35,699
STAFF COSTS AND EMOLUMEIqTS
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2022	2021
		f	f		f
Wages and salaries		145,480		145,480	132,444
Social security costs		10,917		10,917	9,71 1
Pension contributions		4,365		4,365	3,995
		160,762		160,762	146,150

12	TANGIBLE F	IXEDASS	ETS
							Workshop
						Motor	improvements	Office and	Motor
				Yachts		tenders	and equipment	equipment	vehicles	Total
							8
	Cost
	At I November	2021	1,181,091			14,300	58,911	I Irgs7	31.503	1,29'1,431
	Additions						40	105		145
	Disposals
	At 31 October 2022		I	181,091		14,500	58,951	11,532	31,502	1397,576
	Depreciation
	At I November	2021		738,009		13,500	49,417	9,784	22,891	833,601
	Char efor the year			16,152			1,975	1,113	2,870	22,110
	On disposals
	At 31 October 2022
	Net book value
	At 31 October 2022			426 930		1,000	7559	635	5 741	441,865
	At 31 October 2021			443,082					8,611	46'S,830
13	YACHTS							2022	2021
	Donald Searle							64,431	64,431
	Rona Il							64,431	64,431
	Memlyn							300,675	300,675
	Lady Shone							30,071	30,071
								459,608	459,608
14	STOCK							2022	2021
									8
	Stock							1,200	1,200
15	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE				YEAR	2022	2021
	VAT repayment	due						8,702	3,073
	Purchase ledger	debit balances						1,781	1,818
	Prcpaymcnts - unrcstrictcd		fttnd					37,948	20,174
								48,431	25,065
16	CASH AT BANK							2022	2021
									8
	Cash at bank -	unrestricted	general fund					147,087	114,421
	Cash at bank -	unrestricted	designated		yacht fund			550,000	500,000
								697,087	614,421

17	CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR	2022	2021
		6
	Trade creditors Other creditors	5,099 ~18868	2,878 22,860
		23 967	25,738

				Balance at I	Transfers				Balance at
				November	between	Incoming		Outgoing	31October
				2021	funds	resources		resources	2022
				6	6		6
	Designated	Funds		943,082	50,000			(16,152)	976,930
	General Funds			135,696	(50,000)	511,392		(409,401)	1117,686
				1,078,778		511,392		(425,553)	1,164,616
19	RESTRICTED INCOME			FUNDS
				Balance at I	Transfers				Balance at
				November	between	Incoming		Outgoing	31October
				2021	fands	resources		resources	2022
				f			6
	General Funds
								Net
						Tangible	fixed	current
20	ANALYSIS	OFNKT	ASSETSBETWEEN FUNDS				assets	assets	Total
							f		6
	Unrestncted	Designated	Funds			426,930		550,000	976,930
	Unrestricted	General Funds				14,935		I72,751	187,686
						441,865		722,751	1,164,616