2023-06-30-accounts - Horizons (Plymouth)

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CONTENTS					Page
Reference and administrative			details ofthe charity, its trustees	and advisers
Trustees' report					2 —7
Independent examiner's		report
Statement offinancial		activities
Balance sheet					10
Notes to the financial	statements				11-25

Trustees		DrJD Hill	DrJD Hill	Chair
		Mr ARD	Anderson	Treasurer
		Mr PA Bone
		Mrs JByrne
		Mr MRMalric-Smith
		Mr IDM	Oag
		Mrs TJVassallo
		DrJRichardson
Company	registered
number		04592593
Charity registered
number		1096256
Registered	office	5 Richmond Walk
		Devonport
		Plymouth
		Devon
		PL1 4LL
Accountants		Northcott	Trumfield
		Chartered	Accountants
		Devonshire	Villa
		52 Stuart Road
		Stoke
		Plymouth
		Devon
		PL3 4EE

Restricted
Peter Harrison Foundation		Volunteer Training		8,000
Jordon Sinnott Foundation		Boat Purchase		3,045
Worshipful Company ofShipwrights		Safety Boat		2,500
Bernard Sulley Foundation		Safety Boat		5,000
The Albert Hunt Trust		Safety Boat		2,000
E SGRobinson Charitable	Trust	After School Family Project		1,000
William Wates Charitable	Trust	After School Family Project		2,000
The Scobell Charitable Trust		Mooring		2,000
The Clare Milne Trust		Friendship Repair		5,000
Pentland Stalls Charitable	Trust	General Operating	Costs	1,000
Arnold Clark Community	Fund	General Operating	Costs	1,000
Catherine Woodmancy Foundation		Volunteer Training		1,800
Mount Batten Centre Charity Trust		Cadet Training		3,900
Bruce Wake Charitable Trust		Friendship Repair		3,000
Other				975
				42,220

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
		Note
Income and endowments	from:
Donations and legacies			66,148	54,208	120,356	85,403
Charitable activities			21,725		21,725	12,442
Other trading activities			10,899		10,899	10,361
Fundraising						5,441
Investments			2,377		2,377	2,360
Other income			3,000		3,000	850
Total income			104,149	54,208	158,357	116,857
Expenditure on:
Raising funds		4,7	9,715		9,715	12,727
Charitable activities			108,695	40,565	149,260	158,539
Total expenditure		10	118,410	40,565	158,975	171,266
Net income/(expenditure)	before
investment revaluation			(14,261)	13,643	(618)	(54,409)
Net gain/(loss) on investments		14	969		969	~11,832
Net income/(expenditure)			(13,292)	13,463	351	(66,241)
Transfer between funds			21 650	(21,650)
Net movement in funds		17	8,358	(8,007)	351	(66,241)
Reconciliation offunds:
Total funds brought forward		17	144,753	17,013	161,766	228,007
Total funds carried forward		17	153 111	9006	162117	161,766

Income fr	om Donatio	ns and Legacies
			2023	2022
Unrestricted income
Donations
Individual	donations		20,016	30,784
HMRC Gift Aid			5,404	5,725
Trinity Sailing			10,000
The Swire	Charitable	Trust	10,000
Everys Solicitors LLP			5,000
Plymstock	Club		2,200
Legacy			6,275
Other			7,253
			66, 148	36609

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3.	Charitable	Activities
			Unrestricted	Total	Unrestricted	Total
			2023	2023	2022	2022
	Sailing activities		21 725	21,725	12442	12,442
4.	Other Trading Activities
	Trading		10,899	10,899	10,361	10,361
	Fundraising	events			5,441	5,441
			10,899	10,899	15,802	15 802
5.	Investment	income
	Investment	income	2377	2,377	2360	2,360
6.	Other income
	Sale ofassets		3,000	3 000	850	850
7.	Raising Funds
	Salaries		8,000	8,000	8,080	8,080
	Investment	portfolio	1,020	1,020	1,147	1,147
	Expenses		695	695	3,500	3,500
			9,715	9,715	12,727	12,727

Analysis of	Exp	enditu	re on Charita	ble Activities
				Unrestricted	Restricted	Total	Unrestricted		Restricted	Total
				2023	2023	2023		2022	2022	2022
Boat operations		and maintenance		21,389	1,942	23,331		33,834	4,362	38,196
Mooring fees					8,870	8,870		3,931	2,000	5,931
Boat storage				2,161	440	2,601		296	2,017	2,313
Subscriptions	and publications			2,483		2,483		2,414		2,414
Rent, rates and utilities				8,583		8,583		2,022	2,125	4,147
Safety equipment		and	clothing	2,594	1,629	4,223		1,550	4,234	5,784
Salaries				47,530	27,684	75,214		35,934	30,318	66,252
Minibus running		costs		1,847		1,847		2,003		2,003
Depreciation				12,234		12,234		14,307		14,307
Support costs				7,029		7,029		10,333		10,333
Administration				1,045		1,045		3,469	1,590	5,059
Governance				1,800		1,800		1,800		1,800
				108,695	40,565	149260		111893	46,646	158539
Raising funds				9,715		9,715		12,727		12,727
				118,410	40,565	158,975		124,620	46,646	171,266
Support Costs
			Support				Support
			costs	Admin-	Gover-		costs	Admin-	Gover-
			Sailing	istration	nance	Total	Sailing	istration	nance	Total
			Activities				Activities
			2023	2023	2023	2023	2022	2022	2022	2022
Insurance			3,677			3,677	3,673			3,673
Travel								8		8
Rent, rates and utilities			1,412			1,412	6,292			6,292
Bank charges			271			271	360			360
Admin			1,669	1,045		2,714		3,469		3,469
Independent	examiner				1,800	1,800			1,800	1,800
			7,029	1,045	1,800	9,874	10,333 3,469		1 800	15,602

		2023	2022
This is stated after charging:
Depreciation oftangible fixed assets:
- owned by the charity		12234	14,307
During the year, no Trustees received any remuneration	(2022: ANIL).
During the year, no Trustees received any benefits in kind (2022: ANIL).
During the year, no Trustees received any reimbursement	ofexpenses (2022:ANIL).

Staff Costs
			2023	2022
Key management personnel	staff costs were as follows:
Wages and salaries			78,067	69,734
Social security costs			1,296	1,803
Other pension costs			3,851	2,795
			83,214	74332
The average number ofpersons employed by the Charity		during the year was as follows:
			2023	2022
			No.	No.

Tangible Fixed Assets
	Short-term
	Leasehold		Motor
	Property	Boats	Vehicles	Equipment	Total
Cost
At 1 July 2022	44,268	297,015	21,759	33,092	396,134
Additions		38,998			38,998
Dispo sais		(8,000)			(8,000)
At 30June 2023	44,268	328 013	21 759	33,092	427 132
Depreciation
At 1 July 2022	17,342	293,851	13,320	32,044	356,557
Charge for the year	2,313	4,956	4,440	525	12,234
Disposais		(8,000)			(8,000)
At 30June 2023	19,655	290 807	17,760	32,569	360,791
Net BookValue
At 30June 2023	24 613	37,206	3999	523	66 341
At 30June 2022	26,926	3 164	8,439	1,048	39,577

Fixed Asset Investments
	Listed
	Securities
Market Value
At 1 July 2022	78,141
Additions
Dispo sais	(21,102)
Increase in oash held	2,338
Revaluations	969
At 30June 2023	60 346

		2023	2022
Cash		4,173	1,835
Listed	investments	56,173	76,306
		60,346	78,141


Other taxation and social security		1,329
Other creditors		344
Accruals		6,889
Deferred	income	4,000
		12562
Deferred	Income
At 1 July	2022	4,000
Additions		4,000
Amounts	released to income	(4,000)
At 30June 2023		4,000

Statement ofFun	d	s - Current Year
			Balance at			Transfers		Transfers		Balance at
			1July 2022	Income	Expenditure	In		Out	Gains	30June 2023
Unrestricted Funds
Designated Funds
Designated fixed	asset reserve		50,339			16,002				66,341
Designated building		purchase reserve	80,341					19,995		60,346
Total Designated	Funds		130680			16,002		19,995		126687
Geiieral Funds
General funds			14,073	104,149	118,410	41,645		16,002	(969)	26,424
Total Unrestricted		Funds	144753	104 149	118 410	57	647	38997	969	153 111
Restricted Funds
Boat extras fund				1,874						1,874
Winter project Safety boats and salary costs			2,500 10,707	3,000 732	2,500 5,695			5,418		3,000 326
After school family		project		4,000	4,000
General operating	costs			379	379
Volunteer training				10,000	10,000
Friendship repair			3,806							3,806
Mooring				9,310	9,310
Boat replacement				17,129	897			16,232
Cadet training				7,784	7,784
Total Restricted			17,013	54,208	40 565		-	21 650		9,006
Total ofFunds			161,766	158,357	158,975	57,647		57,647	969	162,117

Statement ofFun	d	s - Prior Year
				Balance at			Transfers	Transfers '			Balance at
				1July 2021	Income	Expenditure	In	Out		Losses	30June 2022
Unrestricted Funds
Designated Funds
Designated long term contingency Designated fixed asset reserve			fund	40,000 50,339				40,000			50,339
Designated building		purchase reserve		100,341				20,000			80,341
Total Designated	Funds			190,680				60,000			130680
General Funds
General funds				19,517	67,963	124,620	63,045		-	11,832	14,073
Total Unrestricted		Funds		210 197	67 963	124620	63 045	60	000	11832	144753
Restricted Funds
Boat extras fund				2,065	120	2,185
Winter Project				3,000	2,500	3,000					2,500
Safety boats and salary costs				10,507	11,908	11,708					10,707
Clothing				2,238		2,238
After school family		project			3,500	3,500
General operating	costs				2,125	2,125
Volunteer training					9,800	9,800
Friendship repair					9,996	6,190					3,806
Mooring					2,000	2,000
Boat replacement					3,045			3,045
Cadet training					3,900	3,900
Total Restricted				17,810	48 894	46,646		3	045	-	17,013
Total ofFunds				228 007	116,857	171,266	63 045	63,045		11,832	161,766

Analysis ofNet Assets Between Funds
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	2023	2023	2023
Tangible fixed assets	66,341		66,341
Fixed asset investments	60,346		60,346
Net current assets	26,424	9,006	35,430
	153 111	9,006	162,117

Prior Year
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	2022	2022	2022
Tangible fixed assets	39,577		39,577
Fixed asset investments	78,141		78,141
Net current assets	27,035	17,013	44,048
	144,753	17,013	161,766