2020-06-30-accounts

CONTENTS					Page
Reference and administrative			details ofthe charity, its trustees	and advisers
Trustees' report					2-6
Independent examiner's		report
Statement offinancial		activities
Balance sheet
Notes to the financial	statements				10-21

Restricted
Spinnaker International			Minibus				250
Virginia House Settlement			Volunteer	Training		Programme	1,500
The Schuh Trust			Minibus				5,000
Viscount Amory's Charitable		Trust	Mooring				500
Charities Trust (Yorkshire	Building Society)		Sails and	Mast for		Aero	1,700
Greenhall Foundation			Hut Replacement				1,000
Magic Little Grants			Buoyancy	Aids			500
Three Monkies Trust			Schools				3,500
Dixie Rose Findlay Charitable		Trust	Mooring				3,000
							16,950
Unrestricted
The PA Nicholas Charitable Trust			General Running		Costs		5,000
Pentland Stalls Charitable	Trust		General Running		Costs		1,000
Plymouth City Council Covid-19			General Running		Costs		10,000
							16,000
Restricted —Received and Deferred
National Lottery —Awards	for	All	Hut Replacement				9,943
Investment Policy and Performance

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
		Note
Income and endowments	from:
Donations and legacies			59,754	16,950	76,704	102,435
Charitable activities			10,339		10,339	40,069
Other trading activities			19,133		19,133	9,491
Investments			2,779		2,779	447
Other income			15,304		15,304	2,550
Total income			107,309	16,950	124,259	154,992
Expenditure on:
Raising funds		4,7	8,766		8,766	10,942
Charitable activities			117,790	11,020	128,810	126,253
Total expenditure		10	126,556	11,020	137,576	137,195
Net income/(expenditure)	before
investment revaluation			(19,247)	5,930	(13,317)	17,797
Net loss on investments		15	(7,274)		(7,274)	(5,224)
Net income/(expenditure)			(26,521)	5,930	(20,591)	12,573
Transfer between funds			34,703	(34,703)
Net movement in funds		18	8,182	(28,773)	(20,591)	12,573
Reconciliation offunds:
Total funds brought forward		18	196,700	38,868	235,568	222,995
Total funds carried forward		18	204,882	10,095	214,977	235,568

lculated to following	write off the cost of fixe bases:	d assets, less th	eir estim	ated
Short-term	leasehold property	5-10%	straight	line
Boats		25%	straight	line
Motor vehicles		25%	straight	line
Equipment		25%	straight	line

Income from D	onations and Legacies
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2020	2020	2020	2019
Donations		42,754		42,754	50,933
Grants		17,000	16,950	33,950	51,502
Total donations	and legacies	59,754	16,950	76,704	102,435
Total 2019		75,323	27,112	102,435

Income from Charitable Activities
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2020	2020	2020	2019
Sailing activities	10,339		10,339	21,787
Minibus Project				18,282
	10,339		10,339	40,069
Total 2019	11,842	28,227	40,069

Trading A	ctiviti	es
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
Charity trading		income
Fundraising	events		19,133		19,133	9,464
Other income						27
			19,133		19,133	9,491
Total 2019			9,491		9,491	9,491
Investment	Income
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
Investments			2,779		2,779	447
Total 2019			447		447
Other Incoming		Resources
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
HMRC Furlough		Covid-19	15,304		15,304
Sale ofassets						2,550
			15,304		15,304	2,550
Total 2019			2,550		2,550
Costs ofRaising		Funds
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
Fundraising	expenses		551		551	3,412
Salaries			7,190		7,190	7,530
Investment	portfolio		1,025		1,025
			8,766		8,766	10,942
Total 2019			10,942		10,942

Analysis ofExp	enditure on Charitable Activ	ities
		Unrestricted	Restricted	Total	Total
				2020	2019
Charitable activities
Boat operations	and maintenance	11,563	74	11,637	4,876
Moorings fees		3,259	3,500	6,759	6,158
Boat storage		3,270		3,270	4,313
Volunteer expenses		1,654	200	1,854	4,884
Subscriptions and publications		1,550		1,550	1,593
Licences and permits					75
Rent, rates and utilities		53		53	6,599
Safety equipment	and clothing	2,810	1,798	4,608	1,920
Salaries		59,724	4,800	64,524	58,371
Minibus running	costs	1,657	648	2,305	1,060
Depreciation		13,147		13,147	14,233
Support costs		11,585		11,585	9,398
Administration		4,857		4,857	7,263
Governance		2,661		2,661	3,382
		117,790	11,020	128,810	124,125

Support Co	sts
			Sailing
2020			Activities	Administration	Governance	Total
Insurance			3,999			3,999
Travel			179			179
Rent, rates and utilities			7,108	1,254		8,362
Bank charges			299			299
Administration				2,238		2,238
Independent	examiner's	fees			1,800	1,800
Professional	fees				861	861
Salaries				1,365		1,365
			11,585	4,857	2,661	19,103
			Sailing
2019			Activities	Administration	Governance	Total
Insurance			3,891			3,891
Travel			89			89
Rent, rates and utilities			5,055	892		5,947
Bank charges			363			363
Administration				723		723
Independent	examiner's	fees			2,000	2,000
Professional	fees				1,382	1,382
Salaries				5,648		5,648
			9,398	7,263	3,382	20,043

				Staff Costs	Depreciation	Other costs	Total	Total
				2020	2020	2020	2020	2019
Costs ofraising funds				f.
Expenditure	on raising	voluntary	income	7,190		1,576	8,766	10,942
Sailing activities				64,524	13,147	43,621	121,292	105,513
Management				1,365		3,492	4,857	10,987
Charitable	activities			65,889	13,147	47,113	126,149	116,500
Expenditure	on governance					2,661	2,661	9,753
				73,079	13,147	51,350	137,576	137,195
Total 2019				64,019	14,233	58,943	137,195
Net Income/(Expenditure)
							2020	2019
This is stated	after charging:
Depreciation	oftangible	fixed assets:
- owned by the charity							18,502	14,233
Profit on disposal							2,119
							16,383	14,233

	Short-term
	Leasehold		Motor
	Property	Boats	Vehicles	Equipment	Total
Cost
At 1 July 2019	30,828	291,944	6,498	31,518	360,788
Additions		1,526	21,759		23,285
Disposals			6,498		6,498
At 30June 2020	30,828	293,470	21,759	31,518	377,575
Depreciation
At 1 July 2019	12,419	269,496	6,498	30,591	319,004
Charge for the year	969	9,323	4,440	534	15,266
On disposals			6,498		6,498
At 30June 2020	13,388	278,819	4,440	31,125	327,772
Net Book Value
At 30 June 2020	17,440	14,651	17,319	393	49,803
At 30June 2019	18,409	22,448		927	41,784

	Listed
	Securities
	80,906
	7,140
	(3,716)
	(1,890)
	(7,274)
	75,166
2020	2019
6,542	8,432
68,624	72,474
75,166	80,906

Debtors
		2020	2019
Trade debtors			2,	142
Prepayments and accrued income		14,905	5,394
		14,905	7,536
Creditors: Amounts	Falling Due Within One year
		2020	2019
Other taxation and social security		915	889
Other creditors		55		44
Accruals		2,056	2,000
Deferred income		9,943
		12,969	2,933
Deferred Income
At 1 July 2019
Additions		9,943
Amounts related to income
At 30 June 2020		9,943

					Balance at			Transfers	Transfers		Balance at
					1July 2019	Income	Expenditure	In	Out	Losses	30June 2020
Unrestricted Funds
Designated Funds
Designated long term contingency				fund	40,000						40,000
Designated fixed	asset reserve				41,785			4,782			46,567
Designated building		purchase	reserve		80,906				5,740		75,166
Total Designated	Funds				162,691			4,782	5,740		161,733
General Funds
General funds					34,009	107,309	126,556	35,661	-	7,274	43,149
Total Unrestricted	Funds				196700	107309	126556	40,443	5 740	7,274	204,882
Restricted Funds
Boat purchase and	maintenance		fund		410				310		100
Hut purchase						1,000					1,000
Winter project								3,000			3,000
Boat Project					3,379	1,700	74	592			5,597
Courses (Grants)					6,532	1,500	1,500		6,532
StaffTraining (Grant)					2,590				2,590
Education Project					10,000	3,500	3,500		10,000
Minibus Project					5,134	5,250	1,873		8,511
Mooring						3,500	3,500
Clothing					10,823	500	573		10,352		398
Total Restricted					38,868	16,950	11,020	3,592	38,295	-	10,095
Total ofFunds					235,568	124,259	137,576	44,035	44,035	7,274	214,977

				Balance at			Gains/	Balance at
				1July 2018	Income	Expenditure	(Losses)	30June 2019
						f.
Designated Funds
Designated long term contingency			fund	40,000				40,000
Designated fixed asset reserve				7,096	62,460	(27,771)		41,785
Designated building	purchase	reserve		111,130	8,278	(35,502)	(3,000)	80,906
				158,226	70,738	(63,273)	(3,000)	162,691
General Funds
General fund Total unrestricted funds				47,399 205 625	28,915 99 653	(40,081) ~103354	(2,224) ~5224	34,009 196700
Restricted Funds
Boat Purchase and Maintenance		Fund			20,682	(20,682)
Winter Project				11		(11)
Boat Project				3,379				3,379
Courses				1,980	4,552			6,532
Tlalillllg				2,000	590			2,590
Education and Other	Projects			10,000	29,515	(13,148)		26,367
				17,370	55,339	(33,841)		38,868
Total offunds				222,995	154,992	(137,195)	~5,224)	235,568

Analysis	ofNet Assets Between Funds
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2020	2020	2020
Tangible	fixed assets	49,803		49,803
Fixed asset investments		75,166		75,166
Current	assets	82,939	20,038	102,977
Creditors	due within one year	(3,026)	(9,943)	(12,969)
		204,882	10,095	214,977

Analysis	ofNet Assets Between Funds - Prior Year
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2019	2019	2019
Taxable	fixed assets	41,784		41,784
Fixed asset investments		80,906		80,906
Current	assets	76,943	38,868	115,811
Creditors	due within one year	(2,933)		(2,933)
		196,700	38,868	235,568