TIDEWAY SAILABILITY (a Company Limited by Guarantee) REPORT AND UNAUDITED ACCOUNTS YEAR ENDED 31 MARCH 2025 Company number: 04359409 Charity number: 1092826
TIDEWAY SAILABILITY INDEX Year ended 31 March 2025 Page General infomiation Report of the Trustees Independent examiner's report Ststement of financial activities (including an income and expenditure account) Balance sheet Notes to the financial statements 10
TIDEWAY SAILABILITY GENERAL INFORMATION Year ended 31 March 2025 Registered address Surrey Docks Watersports Centre Rope Street London SE16 7SX Independent examiner S J Vvakefield ACA Dixon Wlson 22 Chanry Lane London 2A1LS Bankern Natlonal Westminster Bank PLC North West Kent Business Centre 12 High Street Dartford DA1 1BY Dlrectors and Trustees James Dow Clive D¢)wdall Mike Gray (Resigned 26 January 2025) Tom Kelsey Onofrio Longo stuart Lund (Chair) Alex Mc Coll (Appointed 10 March 2025) Noirin O Sullivan (Resigned 26 January 2025) Kenneth Tao Kate Tierney (Appointed 13 May 2024) Simon Vthiteley Company number 04359409 Charlty number 1092826
TIDEWAY SAILABILITY REPOR T OF THE TRUSTEES Year ended 31 March 2025 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 2025. 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 charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The report should be read in conjunction with the general information provided on page 2. Actlvlties and Impact Numbor of Sailors supported Tideway provided sailing Opportunities for 253 people with disabilities (118 indivlduals, and 135 from groups). Number of salllng sesslons attended The total no. of sailing sessions attended between Aprll and October 2024 was 1,002 plus additlonal Sunday sailing sessions over winter. Number of members as at 311t March 2025 The club had 103 members at the end of March 2025. Volunteers who helped during the year During the year 93 people were registered as volunteers, contributing more than 4,200 hours. About our Club and Charlty Tideway Sailability is a unique sailing club in central London that is focused on providing access to a sports activity 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 8 healthy, outdoor, and sporting environment. Our philosophy is to encourage all sallors with dlsabilities to develop their sailing skills such that they eventually may, if they wish and are confident enough, become solo sailors and thus take complete personal control. This personal responsibillty 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 membership is a communty of people of all ages with or without disabilities who sall together, Actlvities include relaxed sailing on the dock, and racing on the dock. We also provide instruction for groups leaming to sail. There is a strong sense of community and belonging, with regular attendan and enthusiasm for the sailing activities. We operate our sailing activities following the guidelines of the Royal Yachting Association. We are very pleased to have retained our RYA Sailability Affiliation status in recognition of the contributions 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 activfties with us in a safe, welcoming and fun environment. fideway Sailability also holds an Adventure Activities License issued by HSE.
TIDEWAY SAILABILITY REPORT OF THE TRUSTEES Year ended 31 March 2025 Facilities and equipment We operate from a small compound within Surrey Docks Fitness & Watersports Centre that from June 2023 was managed by Southwark Council. Tideway nas occupied this site since 1991 and has a Tenancy at Will agreement from the Council. During the year we replaced our portacabin with a purpose-built clubhouse and boatshed and paved the clubhouse compound, supporting our sailing on Greenland dock. During the year we augmented our fleet with 2 new Hansa 303 dinghies The fleet as of 31 St March comprised". Hansa Liberty dinghies. (with servo-assist mechanisms) Hansa 303 dinghies" (1 with servo-assist) Hansa 2.3 dinghies" Fusion dinghies Martin 16. Lark dinghy Byte dinghy Rigiflex 360 safety boat Hawk 20 day boat Leader dinghy Vkyfarer dinghy . dinghl88 designed speclfically to gddresg a range of acceBslblllty need$. We also have a further Hawk 20 day boat on generous free loan from Clare Gray, a Hansa 303 is on 108n from RJ4AII and a Drascombe lugger from Peter BSackadder. The Trustees will continue to evaluate the fleet to ensure that it is up to date and meets the needs of our members and visiting sailors. An enthusiastic team of volunteers maintains our boats and equipment. Our ongoing maintenance schedule has ensured the availability of boats and 8 high standard of presentation. Tralnlng & Devolopment Refresher training was completed by many of our volunteers, the modules Included Site and Water Safety, Boat Preparation, Sailing Skills, and Hoisling. An RYA first aid course was run in April 2024 and again in February 2025 and 4 of our rnembers 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 others to get th8 feel of a larger vessel. 12 Govornanc Company status The organisation is a charitable company limited by guarantee, exempted from the requirement to use the word 'limited' in its title, incorporated on 24 January 2002 and registered as a charity. The company is governed by its memorandum and articles of association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
nDEWAY SAILABILITY REPORT OF THE TRUSTEES Year ended 31 March 2025 Executive Committe8 The Trustees form the Executive Committee of the charty and are elected by the membeTS at the Annual General Meetlng at which time at least one third of the Trustees are required to rettre and are eligible to stsnd for re-election. The Trustees can appoint anyone to fill a vacancy in 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 meeting 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-optsd. The charity is run by the Executive Committee. The Executive Committee met regularly during the year and worked to deliver on a plan to develop the charity through attracting new sailors and volunteers and building strong relationships with Southwark Council, Watersports 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. Trustee Inductlon and Tralnlng. Prospective Trustees are provided with copies of the Constltution, Flnancial 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. Charity Management The charity is managed and staffed entirely by volunteers, which keeps overheads low and enables generated and donated funds to go directly towards the charity's activities. Rlsk Managemont The Trustees review, at least annually, the risks to which the charity is exposed. A risk reglster has been compiled and steps to mitigate those risks are agreed by the Trustees and regularly reviewed. Publlc benefit The Trustees, having regard to the public benefrt guldance published by the Charity Commission in accordance wlth section 17 of the Charities Act 2011, consider that the purpose and activities of the charity satisfy the requirements of the public benefit test set out in section 4 of the Same act. Flnanc• Flnanclal posltion As of 31 March 2025, the charity had totsl funds of £259,313 (2024 £156,590) of which £160 (2024 £77,840) was Subject to restrictions by grant givers. The funds held were represented by tangible fixed assets of £201,315 (2024 - £25,037) and net current assets of £57,998 (2024 - £131,553). Reserves pollcy The purpose of this policy is to ensure that Tideway Sailability has sufficient reserves to meet current and future obligations and can continue despite temporary disruptions to its business. The Trustees shall retain sufficient seNeS in cash to cover each of the following: The amount of any unspent restricted funds., The amount of any recorded liabilities-, The amount of any insurance deductible; and Six months fixed operating expenditure. In addition, the Trustees may set aside additional reserves to cover planned capital expenditure items. The amount of cash resepies required under this policy is to be reviewed at least quarterly by the Treasurer and reported to the board.
TIDEWAY SAILABILITY REPOR T OF THE TRUSTEES Year ended 31 March 2025 At 31 March 2025 the charity had a cash balance of £45,924 (2024 - £58,858). Funding and expenditure During the year the charity received voluntary income of grants and donations totaling £121,372 (2024 £91,474). Our thanks are due to the continuing support of The Girdlers, Company Charitable Trust which provided a grant of £3,000 and Beckenham Scouts who provided a grant of £500. Special purpose restricted grants of £113,939 (2024 - £85,000) were recorded as received or receivable. Membership subscriptions were £nil (2024 - £nil) following a decision by the Trustees to offer free membership, income from sailing, events and training was £5,210 (2024 £3,480), and other income of £80 {2024 - £nil) providing total incoming resources of £126,662 compared to £94,954 in the previous year. Expenditure on charitable activities was £23,939 compared to £16,221 the previous year. The Trustees gratefully acknowledge the generous support of our financial and in-kind donors. Outlook for 2025126 The charity will continue to operate on Wednesdays and Sundays throughout summer and revert to Sunday only from November onwards. Saillng participation is expected to increase by 100/0 over the previous year supported by improved volunteer engagement, attendan and delivery. The Charity will extend our work with schools and young people with disabilities. Opportunities will be taken to renew and expand the fleet of Han8a 303's. Replacement Clubhouse During the year we were excited to complete the replament clubhouse and boatshed. Building works commenced in November 2024. Practical completion was reached in February 2025, allowing fitting to be completed before midweek sailing commenced in April 2025. The project was completed at a cost of £173,618 will enable Tideway Sailability to continue and increase its provision of sports facilrties to the disabled for the next 25 years. Along with our own contribution, the project recelved generous funding support from the Active Southwark Olympic Legacy Fund, London Marathon Trust, and The Girdlers, Company and Hale Brown Archltects. STUART LUND FCA Chair 2025
TIDEWAY SAILABILITY INDEPENDENT EXAMINER'S REPOR T Year ended 31 March 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIDEWAY SAILABILITY I report to the Trustee5 on my examination of the accounts of the Company for the year ended 31 March 2025. Responsiblllties 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 that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlon, I report in respect of my examination of your charity's accounts as carrled out under section 145 Cif the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by The Charity Commission under section 145(5){b) of the 2011 AGt. An independent examination does not involve gathering all the evidence that would be required in an audit and consequenljy does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance 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 speclfic matters set out in the independent examiner's ststement. Independent examiner's statement l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confim that no material matters have come to my attention In connection with the examination givlng me Cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by sectlon 386 of the 2006 Act", or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accountsng 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 accounts 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 accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S J Vvakefield ACA Dixon Wilson 22 Chancery Lane London VVC2A 1 LS 27 November 2025
TIDEWAY SAILABILITY STATEMENT OF FINANCIAL ACTIVITIES (including an income and expenditure account) Year ended 31 March 2025 Unrostrlcted general Restricted fund funds Total 2025 Totsl 2024 Note Income from: Donations and legacies Charitable activities 7,433 5,290 12,723 113,939 121,372 5,290 91,474 3,480 94.954 Total Income 113,939 126.662 Expendlture on: Charitable activities 22,660 22,660 1,279 1,279 23,939 23,939 16,221 16,221 Totsl expgndlture Not expendlture (9,937) 112,660 102,723 78, 733 Transfers betreen funds Net movement in funds 11 190,340 180,403 (190,340) (77,680) 102,723 78, 733 Reconciliation of funds.. Totsl funds brought foThvard 11 78,750 77,840 156,590 77.857 Total funds carried forward 10,11 259,153 160 259,313 156, 590 The company has no recognised gains or losses which are not included in this statement of financial activities. All amounts are in respect of conts'nuing operations.
TIDEWAY SAILABILITY Company number: 04359409 BALANCE SHEET At 31 March 2025 Note 2025 2024 Tangible fixed assets 201,315 25,037 Current assets Debtors Cash at bank and in hand 20,694 45,924 66,618 (8.620> 57,998 259,313 75,089 58,858 133,947 (2,394) 131,553 156.590 Credltors: amounts falling due wlthln one year Net curront a8Sots Total assets le86 current liabllitle8 The funds of the charity: Restricted funds Unrestricted general fund 10,11 10,11 160 259,153 259,313 77,840 78, 750 156, 590 For the year ended 31 March 2025 the cornpany was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an 8udit of ts accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepad in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 8 to 15 were approved by the Trustees on 2025 and signed on their behalf by: STUART LUND FCA Chair
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Accounting policies Summary of signiflcant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise Stated. Basis of prnparation The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)). the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. rideway Sailability meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. Income Income is recognised when the charity has entitlement to the funds, any perfomance conditlons attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Expenditure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be rneasured reliably. Irrecoverable VAT Is charged as a cost against the activity for which the expenditure was incurred. Support and govornance costs The charity does not incur support costs. Governance costs comprise all costs Involving the public accountability of the charity and its compliance with regulation and good practice. Govemance costs relate to charitable activities. Fixed assets Assets are depreciated on a straight-line basis over their estimated useful life of ten years. Assets under construction are only depreciated once the asset is brought into use. Additions are rerded at cost (or market value, if donated). Taxatlon The charity is exempt from taxation under sections 466 to 493 of the Corporation Tax Acl 2010. Funds Funds received attached with specific conditions are restricted for use in those activities only, and all other funds are considered unrestricted funds for the general purposes of the charity. 10
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Legal status of the charity The charity is a company limited by guarantse with charitable status incorporated in England and V*lales. The address of its registered office is: Surrey Docks Vlatersports Centre Rope Street London SE16 7SX Income from: Unrestrlcted Restrictsd funds funds 2025 2026 Unrestrlctad Re8trlctad funds funds 2024 2024 Total 2025 Total 2024 Oonatlons and1ggacle8 Glrdler's Company Charltsble Trusl Southwark Olympic Legacy Fund London Marathon Foundation Beckenham Scouts Hale Brown Southvrdrk Councll Neighbourhood Fund PLAActSve Thames Other donations includlng Gift Aid 3,000 3,000 100,000 3,000 5,000 50,000 20,000 100,000 20,000 500 500 1,000 10,000 10,000 1,141 5.000 7,798 113,939 1.141 5,000 11,731 121,372 3,933 7,433 2,474 6,474 2,474 91,474 85.000 Charltable actlvltle8 Sailing fees other income 5,210 80 5.210 80 3,480 3,480 5,290 5,290 3,480 3.480 Total Incomo 12,723 113,939 126,662 9,954 85,000 94,954 Role of voluntO0rn rideway Sailability does not employ paid stsff and is reliant on volunteers for delivering all aspects of its mission. Volunteer roles include meeting and greeting sailors, rigging and piloting dinghies for those that need assistance, manning the safety boat, acting as Officer of the Day and coaching sailors who are leaming or wish to improve. The administrative functions of the charity are also attended to by volunteers. Volunteers performing critical functions have suitable experience. marine or profes5ionaS qualifications. 11
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Anatysls of expenditure on charltable aCtive8 The company carries on a single charitsble activity. as set out in its Statement of objectives. Detsils of the expenditure are as follows: Unfestrlcted Restricted Unrestrlctsd Restrlcted funds funds funds funds 2025 2025 2024 2024 Total 2025 Total 2024 Phones & IT expenditure Charitable donations Repairs and maintenance Insurance Rental and storage Depreciation Petrol and fuel Office and administration Licence and affiliation fees Loss on asset disposal Volunteer training Volunteer travel Volunteer refreshments 2,300 342 3,855 3,559 2,766 4,750 167 431 324 600 937 2,300 640 3,855 3,559 2,766 4,750 167 431 324 600 937 647 334 1,929 1,929 298 1,351 3,370 2,126 2,337 224 191 175 270 755 1,300 2.651 3,370 2,126 2,337 224 191 175 270 955 200 647 334 20,031 1,279 21,310 12.728 1,500 14,228 Governance costs allocated to charrtable activities.. Professional fees 2,571 Room Hire 58 2,571 58 1,899 94 1,899 94 Total 22,660 1,279 23,939 14.721 1,500 16,221 Professional fees consist of the independent exarniner's fee, fees for the preparatlon of the tax retum, and filing fees. Related party transactlon8 The Trustees received no emoluments or reimbursement of expenses for their services to the charity In the current or previous year. 12
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Tangible fixed assots Fixtures and fittings Assets under Leasehold construcuon Improvements Plant and èquipment Totsl At 1 April 2024 Additions Reclassification Disposals At 31 March 2025 10,526 149,842 16,849 160,368 183,828 164,308 10,526 2,671 (10,526) {20,621) 146,070 (20.621) 323,575 174,834 2,671 Depreclatlon At 1 Aprll 2024 Charge for the year Disposals At 31 March 2025 135.331 4,750 (17,821) 122,260 135,331 4.750 (17,821) 122,260 Net book value At 31 March 2025 174,834 2,671 23,810 201,315 At 1 April 2024 10,526 14,511 25,037 Debtor8 2025 2024 Grants receivable Other debtors Prepayments 20,000 113 581 75,000 89 20,694 75, 089 Credltors: amounts falllng due withln onè year 2025 2024 Accruals Accounts payable 5,879 2,741 8.620 2,394 2.394 10. Analysls of funds Unrestrlcted Rastrfcted funds funds 2025 2025 Unrestrlctsd Restrlcted fvnds funds 2024 2024 Total 2025 Total 2024 Tangible fixed assets Net current assets 201,315 57,838 259,153 201.315 57,998 160 259,313 25,037 53, 713 25,037 77,840 131,553 77, 840 156.590 160 78, 750 13
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 11. Analysis of charitable funds Balance brought forward Balance carried forward Income Expendlture Transfer8 Restricted funds: Girdler's Company Charitable Trust 5,000 Southwark Olympic Legacy Fund 50,000 London Marathon Foundation 20,000 Hale Brown Architects North Southwark Environment Trust 2,840 North East Multi-vvard Neighbourhoods Fund PLAActive Thames Individual donations Hansa World Championship Fundraising (5,000) (150,000) (20,000) 100,000 (2,840) 1,141 5,000 7,500 (981) 160 (5,000) (7,500) 298 (298) (1,279) (22,660) {23,939) 77,840 78,750 156,590 113,939 12,723 126,662 (190,340) 190,340 160 Unrestricted General Fund 259,153 259,313 Total The funds granted by the Glrdlers Company Charitable Trust. Southwark Olympic Legacy Fund, London Marathon Foundation, and North Southwark Environment Trust were obtained on the condition that they were applied towards the redevelopment of the club house facility. During the year, £177,505 was used to pay for the construction and fit out of the replacement club house and boat shed facility. The funds granted by the Southwark North East Multi-liltdrd Neighbourhoods Fund yre obtsined on the condition that they were applied towards volunteer travel and refreshment expenses. During the year, £981 was used to pay for volunteer travel and refreshments. The funds granted by PLAActlve Thames were obtained on the condition that they Yre applied towards the purchase of an Access Dinghy. During the year, £5,000 was used to towards the purchase of an Access 303 dinghy. The funds granted through indNidual donations were obtained on the condition that they were applied towards the purchase of an AcsS Dinghy. During the year, £7,500 was used to towards the purchase of an AsS 303 dinghy. Fundraising proceed5 of £298 donated to support sailors participating in the Hansa World Championships were used to support Max Rumball and Leslie Phillip participate in the Hansa Wortd Championships in Sydney. 14
TIDEWAY SAILABILITY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 11. Analysis of charitable funds {contiDued) Anatysls of charltable funds - prevlous year Balance brought forward Balance carrled fOard Income Expendlturo Transfers Restricted funds: Girdler's Company Charitable Trust Southwark Otympic Legacy Fund London Marathon Foundation Hale Brown Architects North Southwark Environment Trust 3,366 RYA Sailactivity 200 SISPAN Get Active 1,300 4,866 72,991 77,857 5,000 50,000 20,000 10,000 5,000 50,000 20,000 (10,000) (526) 2.840 (200) (1,300) (1,500) {14,721) (16,221) 85,000 9,954 94,954 {10,526) 10,528 77,840 78,750 156,590 Unrestricted General Fund Total 12. Controlllng party The charity is controlled by its Trustees. 15