TIDEWAY SAILABILITY (a Company Llmltsd by Guarantee) REPORT AND UNAUDITED ACCOUNTS YEAR ENDED 31 MARCH 2024 Company number. 04359409 Charfty number 1092826
TIDEWAY SAILABILITY INDEX Yoar ended 31 March 2024 Page General Information Report of the Trustees Independent VAaminer'8 report statent of financial activities (including an income and expenditure account) Balan sheet Not88 to th8 financial 8tatem8nts 10
TIDEWAY SAILABILITY GENERAL INFORMATION Year ended 31 March 2024 Rogistered address Surrey Docks Watersports Centre Rope Street Londc SE16 7SX Indop6ndont oxamlnor S J VK&kefield ACA Dixon Vlfilson 22 Chancery Lane London WC2A1LS 8ank•f8 NatDn81 Vthtmlnster Bank PLC North West Kent Business Centre 12 Hh Street Dartford DA118Y Dlrectorn and Tru8ts98 Jame8 Clow (4)pointsd 10 October 2023) Clr4e Dowdall Mark Firth (Resigned 12 May 2023) Mike Gray Tom Kelsey Onofrio Longo stuart Lund (Chair) Nllufer Slade (Resigned 25 February 2024) Noirin O Sullivan Kenneth Tao Kate Tiemey (Appointed 13 May 2024) SimonVllhitel8y Company number 04359409 Chartty number 1092826
TIDEWAY SAILABILITY REPOR T OF THE TRUSTEES Year ended 31 March 2024 The Directors who are also the Trustees for the purposes of charity law, present their report together with the unaudited financial statements for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The report should be read in conjunction with the generdl infomiation provided on page 2. Actlvlti88 and Impact Number of 6allorn supported Tideway provided sailing opportunities for 158 peopk? with di8abilitie8 (68 indlviduals, and 90 from groups). Number of saillng $088lon• attend The total no. of sailing sessions attended between April and October 2023 was 805 plus addltlonal Sunday sailing session8 over winter. Number of membern as at 31•t March 2024 The club had 105 member8 at the end of March 2024. Volunte•rd who helped durfng the y•ar During the year 71 people were registered as volunteer contributing more than 2,400 hour8. About our Club and Charity Tideway Sailability is a unique sailing club in central London that is focused on providing access to a sports activty in which people with disabilities participate with, and on equal terms to. those without a disability, thereby enabling those with and without a disability to come into closer contact in a healthy, outdoor, and 8POrtlng environment. Our philosophy is to encourage all saiSors with disabiltties to develop their salling skllls such that they eventually may, ff they wish and are confident enough, become solo sailors and thus take complete personal control. This personal responsibility is often the only time in their day-to-day lives when they are not dependent on their caring assistants for direct or indirect support. For many people with disabilities driving a vehicle is not possible, consequently the freedom and independence gained when sailing autonomously can be a very fulfilling and liberating experience. Our memberthlp 18 a c<xnmunity of people of all ages with or without disabilities who sail together. Activities include relaxed sailing on the dock, and racing on the dock. We also provide instruction for groups learning to sail. There is a stron9 sense of cornmunity and belonging, with regular attendance and enthusiasm for the sailing activities. We operate our sailing activities following the guidelines of the Royal Yachting Association. VKÈ are very pleased to have retained our RfASailabilty Affiliation status in recognition of the contrlbutions made to the provision of sailing for people with disabilities. Our Sailability status reassures organisations who bring people to Tideway that we operate against a quality benchmark to ensure that participants enjoy the activities with us in a safe. welcoming and fun environment. Tideway Sailabilty also holds an Adventure Activities License issued by HSE.
TIDEWAY SAILABILITY REPOR T OF THE TRUSTEES Year ended 31 March 2024 Facllities and oqulpment Wa operate from a small compound within Surrey Docks Fitness & Watersports Centre that from June 2023 was managed by Southwark Council. Tideway has txcupied this site since 1991 and has a Tenancy at Will agreement from the Council. A portacabin within this compound provides our operating base and y sail on Greenland dock. The fleet as of 31 It March comprised: Hansa Libety dinghies. (with servo-assist mechanisms) Hansa 303 dinghies" (1 with ser404ssist) Hansa 2.3 dinghies" RS Feva dinghies Laser Pico dinghies Fusion dinghies Martin 16" Lark dinghy Byte dinghy Rigiflex 360 safety boat Hwwk 20 day boat Leader dinghy Wayfarer dinghy Gull dinghy . dlnghles d88igned SpecifillY lo addrosB 8 of accesglbllity needs. We also have a further Hawk 20 day boet on generous free loan from Clare Gray, an Access 303 on is on k)an from RJ4AII and a Dr8scombe lugger from Peter Blackadder. The Trustees will continue to evaluate the fleet to ensure that it is up to data and meets the needs of our members and visiting sailors. An enthusiasts'c team of volunteer8 maintains our boats and equipment. Our ongoing maintenance Schedule has ensured the availabilty of boats and a htgh 8tsndard of presentation. Tralnlng & Dovèlopment Refresher training was completed by many of our voSunteers, the modules included Site and Water Safety, Boat Preparation, Sailing Skills, and Hoisting. An RYA first aid course was run in April 2023 and again in February 2024 and 4 of our members have recently completed RYA Powerboat and Safety Boat courses. Hawk Salllng Hawk Sailing on the dock continued during the year allowing small groups to sail together and for other8 to get the feel of a larger vessel. 12 Governanc• Company 8tatU8 The organisalion is a ch8r6table company limited by guarantee, exempted from Ihe requirement to use the word "limited" in its title, incorporated on 24 January 2002 and registered as a charity. The company is govemed by it5 memorandum and articles of association. In the event of the company being wound up, members are required to contribute an amount not excding £1.
TIDEWAY SAILABILITY REPORT OF THE TRUSTEES Year ended 31 March 2024 Executive Committee The Trustees form the Executive Committee of the charity and are elected by the members at the Annual General Meeting at which time at least one third of the Trustees are required to retire and are eligible to stand for re-election. The Trustees can appoint anyone to fill a vacancy in the membership of the Executive Committee. They will hold office until the next annual general meeting. The Executive Committee may also co-opt up to three additional people onto the Committee at any one time. They will be eligible for election at the next annual general meetlng and may vote at meetings of the Executive Committee. The maximum number of Trustees is 11, up to 8 of whom are elected and up to 3 of whom are co-opted. The charlty is run by the Executive Cornmittee. The Executive Committee met regularly during the year arKI worked to delivèr on a plan to develop the charlty through attracting new sailors and volunteers and building strong relatlonships with Southwark Council, VkÈtersports staff, South Dock Marina and the RYA All Trustees give up their time willingly and freely and the contribution of all those who served on the Executive Committee during the year is appreciated. Tru8tse Inductlon and Tralnlng. Prospective Trustees are provided with copies of the Constitution. Financial Statements, and copies of previous minutes of the Executive committee. together with guidance on the role of a Trustee provided by the Charities Commission. In addition, they are invited to attend a meeting of the Executive Committee prior to their appointment. Charlty Management The charity is managed and stsffed entirely by volunteer8, which keeps overheads low and enable8 generated and donated funds to go directly tovRrd8 ttie charity's activities. Rlsk Manag•ment The Trustees review, at least annually. the risks to which the charfty is exposed. A ri8k register h88 been compiled and steps to mitigate those rBks are agreed by the Trustees and regularly reviewed. Publlc bonefft Tha Trustees, having regard to the public benefit guidance published by the Charity Commlssion In accordance with section 17 of the Charities Act 2011. consider that the purpose and 8Ctivitie8 of the charity satisfy the requirements of the public benefrt test set out in section 4 of the same act. Flnan¢o Flnanclal po8ltlon As of 31 March 2024, the ¢harity had total funds of £156.590 (2023 - £77,857) of which £77,840 (2023 - £4,866) was subject to restrictions by grant givers. The funds held vRre represented by tsngible fixed assets of £25,037 (2023- £16.096) and net current assets of £131,553 (2023 -£61,761). Reserves policy The purpose of this policy 13 to ensure that Tideway Sailability ha¥ sufficient reserves to meet current and future obligats'ons and can continue despite temporar¥ disruptions to its business. The Trustees shall retain sufficient reserves in cash to cover each of Ihe following.. The amount of any unspent restricted funds. The amount of any recorded liabilities. The amount of any insurance deductible., and Six months fixed operatin9 expenditure. In addition. the Trustees may set aside additional reserves to cover planned capital expenditure items. The amount of cash reserves required under this policy is to be reviewed 8t least quarterly by the Treasurer and reported to the board.
TIDEWAY SAILABILITY REPORT OF THE TRUSTEES Year ended 31 March 2024 At 31 March 2024 the charity had a cash balan of £58,858 {2023 - £64,547). Fundlng and expondlture During the year the charity received voluntary Income of grants and donations totaling £91,474 (2023 - £6,781), Our thanks are due to the continuing support of The Glrdlers. Company Charitable Trust which provided a grant of £3,000 and Beckenham Scouts who provided a grant of £1,000. Special purpose restricted grants of £85,000 (2023 - £nil) were recorded as ceiVed or receivable. Membershi) subscriptions were £nil (2023 - £2,668) following a decision by the Trustees to offer free membership, income from sailing, events and training was £3,480 (2023- £5,700), and fees of £nil (2023- £50) providing total incoming resources of £94,954 compared to £15,199 in the previous year. Expenditure on charitsble activities was £16,221 compared to £18,752 the prevlous year. The Trustees gratefvlly acknowledge the g•nerous support of our financial and in-kind donors, Outlook for 2024126 The charity will continue to operate on nesdaYS and Sunday8 throughout summer and revert to Sunday only from November onwards. S8iling participation is expected to increase by 10% over the previous year 8UPPOrted by improved volunteer engagement, attendan and delivery. The Charity will extend our work with 8chools and young people with disabilities. Opportunitie8 will be taken to renew and expand the fieet of Hansa 303's. Our sailing capacty will be gnhanced by using the lugger "Laura. which is generou8ty on loan from Peter Blackadder. Replacemont Clubhou80 A planning application has been approved for a replacement dubhou8e and boatshed and buildlng woth8 commenced in November 2024. Our aim is to have the works substantially completed before midweek sailing recommences in April 2025. The project, estimated to cost of £166,500, will enable Tideway Sallability to continue and increase its provision of sports facilities to the disabled for the nexi 25 years. The project involves the replacement of the existing buildings with a single L-shaped buildlng combining all the existing uses. The existing gravd surfaced boat compound will ba replaced with a wheelchair friendly surface 8uch as resin bound gravel. The new surface will be water pemieable to mitigate ponding and avoid any incre888 In surface water run-off. Tho new bulldings wlll be provlded wlth level access from tha compound to maximise accessibilty. Along with our own contribution, the project has received generous funding support from the Active Southwark Olympic Logacy Fund, London Marathon Trust. and The Girdlers, Company and Hale Brown Architects. STUART LUND FCA Chair L2024
TIDEWAY SAILABILITY INDEPENDENT EXAMINER'S REPOR T Year ended 31 March 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIDEWAY SAILABILITY I report to the Trustees on my examination of the accounts of the Company for the year ended 31 March 2024. R8spon8lbiliti68 and basis of report As the charity Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). You are satisfied that an audit is not required for this year under charity or company law and that an independent examination is needed. Having satisfied myself th8t the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under $8Ction 145 of the Charities Act 2011 ('the 2011 Act,). In carying out rny examination I have ft)Ilowed the Directions given by The Charity Commission under section 145{5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would b8 required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit gS beyond the limited aBsurance that an independent examination can provide. Consequently l express no opinion as to whether the accounts present a 'true and fair, view and my report is limlted to those specific matters set out in the independent examiner's 8tstem8nt. Indep•ndent oxamlner'a 8tatemont l am qualified to undertake the examinatnn by being 8 qualffied member of the In8titute of Chartered Accountants in England and Wales. I have completed my examinatlon. I confirm that no material mattar8 have come to my attention in connection with the examination giving me cau8e to believe that in any material respect: accounting records were not kept in respect of the Company a8 requlred by section 386 of the 2006 Act., or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2008 A¢t other than any requirement that the account8 give a 'true and fair view, which is not a matter considered as part of an independer)t examination. or 4. the accounts have not been ppared in accordance with the methods and prinGiples 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 concems and have come across no matters in connection with the examination lo which attention Should ke drawn in this report in order to enable a proper understanding of the accounts to be S J Wakefield ACA Dixon Wlson 22 Chancery Lane London WC2A 1 LS 2024 l L
TIDEWAY SAILABILITY ST ATEMENT OF FINANCIAL ACTIVITIES (including an income and expenditure account) Year ended 31 March 2024 Unrestricted general RoBtrfcted fund funds Totsl 2024 Total 2023 Inc¢Jm• from: Donadons and legacies Charitable activities 6,474 3,480 9,954 85,000 91,474 3,480 6, 781 8,418 14 199 Total Incoma 85,000 94,954 Expendlturn on: Charitable activities 14,721 14,721 1,500 1,500 16,221 16,221 18,752 18,752 Total •xpenditurn N•t oxpondlturo (4,76T) 83,500 78,733 {3,553) Transfer8 betsv8en funds 11 10.528 5,759 (10,526) 72,974 Net movement in funds 78.733 (3,5&3) Reconuliation of fvnds.. Totsl fvnd8 brought forward 11 72.991 4,866 77,857 81,410 Total fvnds carried forward 10,11 78,750 77,840 156,590 77.85T The company has no recognised gains or 1088es whlch are not induded in thi8 Statement of financial activities. AJI amounts are In respect of continuing operations.
TIDEWAY SAILABILITY Company numbgr. 04359409 BALANCE SHEET At 31 hlarch 2024 2024 2023 Tangible fixad assets 25,037 16,096 Current a8set8 Debtor3 Cash at bank and in hand 75,089 58.858 133,947 (2,394) 131,553 156,590 64,547 64,547 {2, 786) 61,761 77,857 Crndltor8: amounts falllng duo wfthln one y•ar Net current a•8•ts Total assot81088 curront Ilabllltl•8 The fund8 of tho charity: Restricted funds Unrestricted general fund 10,11 10,11 77,e40 78,750 158,590 4,866 72,991 77,857 For the year ended 31 March 2024 the company was entltled to exemption from audit under section 477 of the Companies Act 2006 relatlng to small companies. The member8 have not required the company to obtain an audht of it8 a(xounts for the year in questlon in ardance with section 476 of the Companies Act 2(M)6. The director8 acknowledge their responsibilty for complying with the requirements of the Act wlth respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the proviGion8 applicable to comp8nie8 subiect to the small companies regime. The financial Statements on pages 8 to 15 were approved by the Trustees on 8igned on their behalf by: q{ 2024 and STUART LUND FCA Chalr
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 Accounting policie8 Summary of signlficant accountlng pollcies and key accounling estimates The principal accounting policies apped in the preparation of these financial slatements are set out below. These policies have been consistently applied to all the years Pfe8ented. unless othepwise stated. Basis of prnparation The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting standard applicable in the UK and Republlc of Ireland (FRS 102) and the CompaniesAct 2006. rKleway SaSlability meets the definition of a publrc benefrt entity under FRS 102. Assets and Ilabilities are initially recognised at historica cost or transaction value unless otheThvise stated in the relevant accounting policy notes. Golng concorn The financial statements have been prepared on a going concern ba818. Income Income is recognised when the charity has entitlement to the funds, any performance conditK)n8 attached to the itwns of income have been met. tt Is probable that the income will be received and the amount can b8 measured reliab. Exp•ndlture and Irrecoverable VAT Expenditure is recognised once there 18 a legal or constNctlve obligation to make a payment to a third party, It 18 probable that Settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged a8 a cost against Ihe activty for which the expenditure was incurred. Support and govornan¢è coBts The charty doo8 not incur support ¢08t8. Govemance (*8ts comprise all costs involving the public accountabilty of the charty and its compliance with regulation and good practice. Govemance c08ts relate to charitable activitie8. Flxod a880ts Assets are depreciated on a 8traight-lina basis over their estirnated useful life of ten years. Assets under construction are only depreciated once the asset Is brought into use. NAditi'ons are recorded at Cost (or market value, If donated). Taxatlon The charlty Is exempt from taxation under sectn9 466 to 493 of the Corporation TaxAct 2010. Funds Funds received attached with specific conditions are restricted for use In those 8ctNities onty, and all other funds are considered unrestricted funds for the general purposes of the charity. 10
TIDEWAY SAILABIUTY NOTES TO THE FINANCIAL STATEMENTS Year endad 31 March 2024 Legal status of the charity The charity is 8 cornpany limited by guarantee with charitable status incorporated in England and les. The address of its registered office is: Surrey Dod(s )erspOrtS Centre Rope Street London SE16 7SX Incom8 from: Unr88tri¢ted R08tr1cted funds funds 2024 2024 Unre8trlcted Restrlctod fund8 funds 2023 2023 Total 2024 Total 2023 Donatlons •nd1ogaclo• Girdlar's Company Charitable TNst Soutlwiark Olymplc Legacy Fund London Marathon Foundation Bekenham Scouts Hale Brown Other donation$ induding Glft Aid 3,IXIO 5.000 50.000 20,000 8,OlXI 50,000 20,000 1,000 10,OlXI 2,474 91.474 5,500 5.5LM) 1,000 10.000 2,474 8.474 1,281 6,781 1,281 6,781 85,000 Charftablo activltle8 Subsuiption8 Sailing fees Other income 2.668 5, 700 50 2,668 5, 700 3.480 3,480 3,480 3,480 8,418 8,418 Total Incom• 9,954 85.000 94,954 15,199 15, 199 Role of volunteers TKleway Sailabillty does not employ paid staff and is reliant on volunteers for delivering all 88pts of its mission. Volunteer roles indude meeting and greetirig sailors, rÈgging and piloting dinghies for those that need assistance, manning the safety boat, acting as Officer of the Day and coaching sailors who are learning or wish to improve. The administrative functions of the charity are al80 attended to by volunteers. Volunteers perfomiing critical functions have suitable experience. marine or prof&ssion81 qualtficatK>ns.
nDEWAY SAILABILrrY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 Analysis of expendlture on charftable actlvitles Tha company carries on a single charitable activty, as set out in its statement of objectives. Details of the expenditure are as follows: Unrestricted R•&triGted Unrestrlcted Restrictsd funds funds funds funds 2024 2024 2023 2023 Total 2024 Total 2023 Phones & IT expenditure Charitable donalions Repairs and maintenance Insurance Rental and storage Depreciation Petrol and fuel Office and administration Licence aThJ affilbation fees Lo88 on asset disposal Volunteer training 1,929 1,929 1,701 210 1,573 3,226 2,016 7,377 223 195 165 1, 701 210 1,573 3,226 2,016 7.377 223 195 165 1,351 3,370 2,126 2.337 224 191 175 270 755 1,300 2,651 3,370 2,126 2,337 224 191 175 270 955 200 143 143 12.728 1,500 14,228 16,&29 16,829 Govemance costs allocated to charilable activitieB". Professional fee8 1,899 Room Hire 1.899 1,923 1,923 Total 14,721 1,500 18,221 18,752 18,752 Professional fees con8iSt of the independent VAaminer'8 fee, fees for the preparation of the tax retum, and filing fe88. Related party tran8actlon8 The Trustee8 received no emoluments or relmbursement of expenses for their services to the charlty in the Current or pr8ViOU8 year. 12
TIDEWAY SAILABILrrY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 Tangible fixgd a8sets A88ets under Plant and constructlon equipment T¢)tal At 1 April 2023 Additn5 Disposals At 31 March 2024 149,313 149,313 1.022 11,548 (493) (493) 149,842 160,368 10,526 10,526 D•prnclatlon At 1 Apnl 2023 Charge for the year Disposals At 31 March 2024 133.217 133,217 2,337 2,337 (223) (223) 135,331 135,331 Not book valu• At 31 March 2024 10.526 14,511 25.037 At 1 April 2023 18,096 18.098 Debtorn 2024 2023 Grants receivable Other debtors 75,000 89 75,089 Credltor8: amounts falllng due wlthln one yur 2024 2023 Accruals 2.394 2. 786 2,786 2,394 10. Analy818 of funds Unrestrlctad Regtrictsd fund8 nds 2024 2024 Unre8trlcted Reslrfcted fund8 fundB 2023 20ZJ T¢)to1 Total 2023 Tangible fixed assets Net current assets 25.037 53,713 25,037 77,840 131.553 TT,840 156,590 16,096 56,895 72.991 16,096 61.761 77,857 4,866 4,866 78,750
TIDEWAY SAILABIUTY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 11. Analy816 of charitable funds Balance brought forward Balanc• carrled fornard Incomo Expendlture Transfers Restricted fund8: Girdler's Company Charitable Trust Southwark Otympic Legacy Fund London Marathon Foundation Hale Brown Architects North Southwarf( Environment Trust 3,366 RYA Sailactivity 200 SISPAN GetActive 1,300 5,OtKI 5,000 50,000 20,000 20,000 10,000 (10,000) {526) 2.840 (200) (1,300) (1,500) 85,000 (10.526) 77,840 Unrestrlcted General Fund 72,991 77,857 9.954 (14,721) (16,221) 10,526 78,750 156.590 Total 94,954 The funds granted by the North Southwark Envlronment Trust were obtaln8d on the condition that they are applied towards the redevelopment of the club house facility. During the year, £526 was u8ed to pay for planning application fees for the proposed new clubhouse. The fundg granted by the RYA #MoreThanSailing program were obtained on the condition that they are applied towards volunteer training and development to enhance the charity's sailing session dehvery capacity. During the year, £200 was used to pay for volunteer training. The funds gr8nted by SISPAN Get Active were obtained on the conditlon Ihat they are applied tOW8rds encouraging more deaf and disabled people aged 16+ to get active in Southwark. During the year, £1,300 was used to support the Bede House sailor and was 811ocated to repairs and Maintenan costs. Analy818 of charftable fund•- pr•vlou8 year Balance brought ford Balance carfed forward Income Exp6ndltur• Restricted funds: North Southwark Envlronm•nt Tt RYA Sailactivity SISPAN Get Active 3,366 200 1,31J) 200 1,300 4,866 Unrestricted General Fund 76.544 81,410 15.199 (18.752) (18,752) 72,991 77,857 Total 15.199 14
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024 12. Contingent asset The charity is likely to obtain another £100,000 from Southwark Olympic Legacy Fund for fijrther work on the Clubhouse 8ubject to ongoing negotiations with the Southwark Olympic Legacy Fund. 13. Contn>lllng party The charity is controlled by its Trustees.