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





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|||||Notes|||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
||||||fund|Fund|Total Funds|Total funds|
|||||||g||g|
|INCOMING RESOURCES|||||||||
|Incoming<br>resources from generated||funds|||||||
|Donations||||2|423,403||423,403|366,194|
|Investment<br>income||||3|1,866||1,866|3,840|
|Other incoming resources||||4|86,123||86,123|34,987|
|Total incoming<br>resources|||||511,392||511,397|405,021|
|RESOURCES EXPENDED|||||||||
|Charitable<br>activities||||5-6|421,837||421,837|382,115|
|Governance<br>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<br>between funds|||||||||
|Net movement<br>in funds|||||85,839||85,839|19,386|
|RECONCILIATION<br>OF FUNDS|||||||||
|Total funds brought<br>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<br>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<br>funds:||18|||||
|General<br>funds||||187,686||135,696|
|Designated<br>funds||||976,930||943,082|
|Restricted funds||19|||||
|TOTAL FUNDS||||1,164,616||1,078,778|





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|Workshop<br>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<br>improvements|over the length ofthe lease||
|Office &crew room|20% straight|line|



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|||||||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<br>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|



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|||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|





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||||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|





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|||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<br>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<br>f|2021<br>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|



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|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<br>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||





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



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|||||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|



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