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|CONTENTS|||||Page|
|Reference and administrative||details ofthe charity,|its trustees|and advisers||
|Trustees'
report|||||2-6|
|Independent
examiner's|report|||||
|Statement offinancial|activities|||||
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|The table below shows details|o|fsome ofthe grants|and donations
received|during the year:||
|---|---|---|---|---|---|
|Restricted||||||
|Elmgrant
Trust|||Boat Storage||1,500|
|Scobell Charitable
Trust|||Boat Storage||2.000|
|Charles Lewis Foundation|||PPE and Pico Sails||1,324|
|Volant Trust|||Safety Equipment||1,000|
|RYA/Sports
England|||Tackling Inequalities||10,000|
|Peter Harrison
Foundation|||Schools Programme||8,000|
|RYA Sailactivity
Investment||Programme|Volunteer
training||400|
|Babcock International|||After Schools Club||2,000|
|Kingsgrove
Charitable
Trust|||After Schools Club||200|
|Kelsey Trust|||Safety Equipment||1,500|
||||||25,926|
|Unrestricted||||||
|Beckly Trust|||General Running|Costs|1,500|
|Pentland
Stalls Charitable|Trust||General Running|Costs|1,500|
|Clemas Trust|||General Running|Costs|500|
|Alliance Family Foundation|||General Running|Costs|250|
||||||3,750|
|Investment
Policy and Performance||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2021|2021|2021|2020|
|||Note|||||
|Income and endowments|from:||||||
|Donations
and legacies|||26,275|61,748|88,023|76,704|
|Charitable
activities|||3,648||3,648|10,339|
|Other trading activities|||1,676||1,676|19,133|
|Investments|||2,743||2,743|2,779|
|Other income|||27,588||27,588|15,304|
|Total income|||61,930|61,748|123,678|124,259|
|Expenditure
on:|||||||
|Raising funds||4,7|9,057||9,057|8,766|
|Charitable
activities|||82,103|43,090|125,193|128,810|
|Total expenditure||10|91,160|43,090|134,250|137,576|
|Net income/(expenditure)|before||||||
|investment
revaluation|||(29,230)|18,658|(10,572)|(13,317)|
|Net gain/(loss)
on investments||15|23,602||23,602|~7,274)|
|Net income/(expenditure)|||(5,628)|18,658|13,030|(20,591)|
|Transfer between
funds|||10,943|(10,943)|||
|Net movement
in funds||18|5,315|7,715|13,030|(20,591)|
|Reconciliation offunds:|||||||
|Total funds brought
forward||18|204,882|10,095|214,977|235,568|
|Total funds carried forward|||210,197|17,810|228,007|214,977|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Unrestricted||income|||||
|Donations|||||||
|Individual|donation||||15,000|15,000|
|HMRC Gift Aid|||||6,050|17,298|
|Other|||||5,225|10,456|
||||||26,275|42,754|
|Plymouth|City Council Covid Support|||||10,000|
|The PA Nicholas|||Charitable|Trust||5,000|
|Other||||||2,000|
|||||||17,000|
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|3.|Charitable|Activities|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total|Unrestricted|Total|
||||2021|2021|2020|2020|
||Sailing activities||3,648|3,648|10,339|10,339|
||||3,648|3,648|10,339|10,339|
|4.|Other Trading Activities||||||
||Fundraising|events|1,676|1,676|19,133|19,133|
||||1,676|1,676|19,133|19,133|
|5.|Investment|income|||||
||Fundraising|events|2,743|2,743|2,779|2,779|
||||2,743|2,743|2,779|2,779|
|6,|Other income||||||
||Covid-19 Furlough||27,338|27,338|15,304|15,304|
||Sale ofassets||250|250|||
||||27,588|27,588|15,304|15,304|
|7.|Raising Funds||||||
||Salaries||7,190|7,190|7,190|7,190|
||Investment|portfolio|1,037|1,037|1,025|1,025|
||Expenses||830|830|551|551|
||||9,057|9,057|8,766|8,766|
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|Analysis ofE|xp|enditure
on Char|itable
Activities||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||2021|2021|2021|2020|2020|2020|
|Boat operations||and maintenance|11,927|1,394|13,321|11,563|74|11,637|
|Mooring fees|||1,127||1,127|3,259|3,500|6,759|
|Boat storage|||2,182|1,701|3,883|3,270||3,270|
|Volunteer
expenses|||246||246|1,654|200|1,854|
|Subscriptions|and publications||1,852||1,852|1,550||1,550|
|Licences and|permits||170||170||||
|Rent, rates and utilities||||||53||53|
|Safety equipment||and clothing|1,797|3,754|5,551|2,810|1,798|4,608|
|Salaries|||28,622|36,241|64,863|59,724|4,800|64,524|
|Minibus
running||costs|2,063||2,063|1,657|648|2,305|
|Depreciation|||14,478||14,478|13,147||13,147|
|Support costs|||10,459||10,459|11,585||11,585|
|Administration|||4,020||4,020|4,857||4,857|
|Governance|||3,160||3,160|2,661||2,661|
||||82,103|43,090|125,193|117,790|11,020|128,810|
|Raising funds|||9,057||9,057|8,766||8,766|
||||91,160|43,090|134,250|126,556|11,020|137,576|
##
|||Support||||Support||||
|---|---|---|---|---|---|---|---|---|---|
|||costs|Admin-|Gover-||costs|Admin-|Gover-||
|||Sailing|istration|nance|Total|Sailing|istration|nance|Total|
|||Activities||||Activities||||
|||2021|2021|2021|2021|2020|2020|2020|2020|
|Insurance||3,750|||3,750|3,999|||3,999|
|Travel||10|||10|179|||179|
|Rent, rates and utilities||6,513|||6,513|7,108|1,254||8,362|
|Bank charges||186|||186|299|||299|
|Admin|||4,020||4,020||2,238||2,238|
|Independent|examiner|||1,800|1,800|||1,800|1,800|
|Professional||||||||861|861|
|Salaries||||1,360|1,360||1,365||1,365|
|||10,459|4,020|3,160|17,639|11,585|4,857|2,661|19,103|
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||||Staff Costs|Depreciation|Other costs|Total|Total|
|---|---|---|---|---|---|---|---|
||||2021|2021|2021|2021|2020|
|Expenditure|on raising voluntary|income|7,190||1,867|9,057|8,766|
|Charitable|activities|||||||
|Sailing activities|||64,863|14,478|38,672|118,013|121,292|
|Management|||1,360||4,020|5,380|4,857|
||||66,223|14,478|42,692|123,393|126,149|
|Expenditure|on Governance||||1,800|1,800|2,661|
|Tota I2021|||73,413|14,478|46,359|134,250||
|Total 2020|||73,079|13,147|51,350|137,576||
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||2021|2020|
|---|---|---|
|This is stated after charging:|||
|Depreciation oftangible fixed assets:|||
|- owned by the charity|14,478|18,502|
|Profit on disposal||2,119|
||14,478|16,383|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Key management
personnel|staff costs were as follows:||||||
|Wages and salaries|||||68,707|67,615|
|Social security costs|||||1,867|2,700|
|Other pension costs|||||2,839|2,764|
||||||73,413|73,079|
|The average number ofpersons employed||by the Charity|during|the year was as follows:|||
||||||2021|2020|
||||||No.|No.|
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||Short-term|||||
|---|---|---|---|---|---|
||Leasehold||Motor|||
||Property|Boats|Vehicles|Equipment|Total|
|Cost||||||
|At 1 July 2020|30,828|293,470|21,759|31,518|377,575|
|Additions|13,440|||1,574|15,014|
|Disposals||||||
|At 30June 2021|44,268|293,470|21,759|33,092|392,589|
|Depreciation||||||
|At 1 July 2020|13,388|278,819|4,440|31,125|327,772|
|Charge for the year|1,641|8,135|4,440|262|14,478|
|Disposals||||||
|At 30June 2021|15,029|286,954|8,880|31,387|342,250|
|Net BookValue||||||
|At 30June 2021|29,239|6,516|12,879|1,705|50,339|
|At 30June 2020|17,440|14,651|17,319|393|49,803|
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||Listed|
|---|---|
||Securities|
|Market Value||
|At 1 July 2020|75,166|
|Additions|17,947|
|Disposals|(21,177)|
|Increase in cash held|4,803|
|Revaluations|23,602|
|At 30June 2021|100,341|
##
|Invest|ments
at Market Value comprise:|||
|---|---|---|---|
|||2021|2020|
|Cash||11,345|6,542|
|Listed|investments|88,996|68,624|
|||100,341|75,166|
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||2021|2020|
|---|---|---|
|Other taxation and social security|417|915|
|Other creditors|2,192|55|
|Accruals|3,727|2,056|
|Deferred income|4,000|9,943|
||10,336|12,969|
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|At 1 July|2020|9,943|
|---|---|---|
|Additions||4,000|
|Amounts|released to income|9,943|
|At 30June 2021||4,000|
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|||||||Balance at|||Transfers|Transfers||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||1July 2020|Income|Expenditure|In|Out|Losses|30June 2021|
|Unrestricted
Funds|||||||||||||
|Designated
Funds|||||||||||||
|Designated
long term contingency|||||fund|40,000||||||40,000|
|Designated
fixed|asset reserve|||||46,567|||3,772|||50,339|
|Designated
building|||purchase|reserve||75,166|||25,175|||100,341|
|Total Designated|Funds|||||161,733|||28,947|||190,680|
|General Funds|||||||||||||
|General funds||||||43,149|61,930|91,160|10,943|28,947|23,602|19,517|
|Total Unrestricted||Funds||||204 882|61 930|91 160|39890|28 947|23 602|210 197|
|Restricted Funds|||||||||||||
|Boat purchase
and||maintenance||fund||100|5,624|3,659||||2,065|
|Hut purchase||||||1,000|9,943|||10,943|||
|Winter project||||||3,000|1,500|1,500||||3,000|
|Boat Project||||||5,597||||5,597|||
|Safety boats and salary costs|||||||4,910||5,597|||10,507|
|After school family||project|||||6,970|6,970|||||
|General operating|costs||||||27,371|27,371|||||
|Volunteer
training|||||||400|400|||||
|Clothing||||||398|5,030|3,190||||2,238|
|Total Restricted||||||10,095|61,748|43,090|5,597|16,540|-|17,810|
|Total ofFunds||||||214,977|123,678|134,250|45,487|45,487|23,602|228,007|
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||||||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|40443|5740|7274|204882|
|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|||
|Staff Training (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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|Analysis|ofNet Assets Between Funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|||2021|2021|2021|
|Tangible|fixed assets|50,339||50,339|
|Fixed asset investments||100,341||100,341|
|Current|assets|69,353|18,310|87,663|
|Creditors|due within one year|(9,836)|(500)|(10,336)|
|||210,197|17,810|228,007|
##
|Analysis ofNet Ass|Analysis ofNet Ass|ets Between Funds||||
|---|---|---|---|---|---|
|Prior Year||||||
||||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
||||2020|2020|2020|
|Taxable|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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