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





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|Restricted||||||||
|---|---|---|---|---|---|---|---|
|Spinnaker<br>International|||Minibus||||250|
|Virginia House Settlement|||Volunteer|Training||Programme|1,500|
|The Schuh Trust|||Minibus||||5,000|
|Viscount Amory's<br>Charitable||Trust|Mooring||||500|
|Charities<br>Trust (Yorkshire|Building Society)||Sails and|Mast for||Aero|1,700|
|Greenhall<br>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<br>Charitable<br>Trust|||General Running||Costs||5,000|
|Pentland<br>Stalls Charitable|Trust||General Running||Costs||1,000|
|Plymouth<br>City Council Covid-19|||General Running||Costs||10,000|
||||||||16,000|
|Restricted —Received and Deferred||||||||
|National<br>Lottery —Awards|for|All|Hut Replacement||||9,943|
|Investment<br>Policy and Performance||||||||



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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2020|2020|2020|2019|
|||Note|||||
|Income and endowments|from:||||||
|Donations<br>and legacies|||59,754|16,950|76,704|102,435|
|Charitable<br>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<br>on:|||||||
|Raising funds||4,7|8,766||8,766|10,942|
|Charitable<br>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<br>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<br>funds|||34,703|(34,703)|||
|Net movement<br>in funds||18|8,182|(28,773)|(20,591)|12,573|
|Reconciliation<br>offunds:|||||||
|Total funds brought<br>forward||18|196,700|38,868|235,568|222,995|
|Total funds carried forward||18|204,882|10,095|214,977|235,568|





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|lculated<br>to <br> following|write off the cost of fixe<br> 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|



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|Income from D|onations<br>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||



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|Income from Charitable<br>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||





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|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||





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|Analysis ofExp|enditure<br>on Charitable<br>Activ|ities||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||||2020|2019|
|Charitable<br>activities||||||
|Boat operations|and maintenance|11,563|74|11,637|4,876|
|Moorings<br>fees||3,259|3,500|6,759|6,158|
|Boat storage||3,270||3,270|4,313|
|Volunteer<br>expenses||1,654|200|1,854|4,884|
|Subscriptions<br>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<br>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|



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|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|





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|||||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|



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||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|





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||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|



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|Debtors|||||
|---|---|---|---|---|
|||2020|2019||
|Trade debtors|||2,|142|
|Prepayments<br>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<br>related to income|||||
|At 30 June 2020||9,943|||



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||||||Balance at|||Transfers|Transfers||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||1July 2019|Income|Expenditure|In|Out|Losses|30June 2020|
|Unrestricted<br>Funds||||||||||||
|Designated<br>Funds||||||||||||
|Designated<br>long term contingency||||fund|40,000||||||40,000|
|Designated<br>fixed|asset reserve||||41,785|||4,782|||46,567|
|Designated<br>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<br>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<br>(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|



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|||||Balance at|||Gains/|Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1July 2018|Income|Expenditure|(Losses)|30June 2019|
|||||||f.|||
|Designated<br>Funds|||||||||
|Designated<br>long term contingency|||fund|40,000||||40,000|
|Designated<br>fixed asset reserve||||7,096|62,460|(27,771)||41,785|
|Designated<br>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<br>Total unrestricted<br>funds||||47,399<br>205 625|28,915<br>99 653|(40,081)<br> ~103354|(2,224)<br> ~5224|34,009<br>196700|
|Restricted Funds|||||||||
|Boat Purchase<br>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|





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|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|



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|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|



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