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|||||||
|---|---|---|---|---|---|
|CONTENTS|||||Page|
|Reference and administrative|||details ofthe charity, its trustees|and advisers||
|Trustees'<br>report|||||2 —7|
|Independent<br>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<br>Walk|||
|||Devonport|||
|||Plymouth|||
|||Devon|||
|||PL1 4LL|||
|Accountants||Northcott|Trumfield||
|||Chartered|Accountants||
|||Devonshire|Villa||
|||52 Stuart Road|||
|||Stoke|||
|||Plymouth|||
|||Devon|||
|||PL3 4EE|||





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|Restricted|||||
|---|---|---|---|---|
|Peter Harrison Foundation||Volunteer<br>Training||8,000|
|Jordon Sinnott Foundation||Boat Purchase||3,045|
|Worshipful<br>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<br>Trust||Mooring||2,000|
|The Clare Milne Trust||Friendship<br>Repair||5,000|
|Pentland<br>Stalls Charitable|Trust|General Operating|Costs|1,000|
|Arnold<br>Clark Community|Fund|General Operating|Costs|1,000|
|Catherine<br>Woodmancy<br>Foundation||Volunteer<br>Training||1,800|
|Mount Batten Centre Charity Trust||Cadet Training||3,900|
|Bruce Wake Charitable<br>Trust||Friendship<br>Repair||3,000|
|Other||||975|
|||||42,220|



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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2023|2023|2023|2022|
|||Note|||||
|Income and endowments|from:||||||
|Donations<br>and legacies|||66,148|54,208|120,356|85,403|
|Charitable<br>activities|||21,725||21,725|12,442|
|Other trading<br>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<br>on:|||||||
|Raising funds||4,7|9,715||9,715|12,727|
|Charitable<br>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<br>revaluation|||(14,261)|13,643|(618)|(54,409)|
|Net gain/(loss)<br>on investments||14|969||969|~11,832|
|Net income/(expenditure)|||(13,292)|13,463|351|(66,241)|
|Transfer between<br>funds|||21 650|(21,650)|||
|Net movement<br>in funds||17|8,358|(8,007)|351|(66,241)|
|Reconciliation offunds:|||||||
|Total funds brought<br>forward||17|144,753|17,013|161,766|228,007|
|Total funds carried forward||17|153 111|9006|162117|161,766|





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|Income fr|om Donatio|ns<br>and Legacies|||
|---|---|---|---|---|
||||2023|2022|
|Unrestricted<br>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<br>on Charita|ble<br>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<br>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<br>3,469||1 800|15,602|



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|||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).|||



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|Staff Costs|||||
|---|---|---|---|---|
||||2023|2022|
|Key management<br>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.|





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|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|



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|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|





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||||
|---|---|---|
|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|





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|Statement ofFun|d|s - Current Year|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at|||Transfers||Transfers||Balance at|
||||1July 2022|Income|Expenditure|In||Out|Gains|30June 2023|
|Unrestricted<br>Funds|||||||||||
|Designated<br>Funds|||||||||||
|Designated<br>fixed|asset reserve||50,339|||16,002||||66,341|
|Designated<br>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<br>Safety boats and salary costs|||2,500<br>10,707|3,000<br>732|2,500<br>5,695|||5,418||3,000<br>326|
|After school family||project||4,000|4,000||||||
|General operating|costs|||379|379||||||
|Volunteer<br>training||||10,000|10,000||||||
|Friendship<br>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|



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|Statement ofFun|d|s - Prior Year||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance at|||Transfers|Transfers<br>'|||Balance at|
|||||1July 2021|Income|Expenditure|In|Out||Losses|30June 2022|
|Unrestricted<br>Funds||||||||||||
|Designated<br>Funds||||||||||||
|Designated<br>long term contingency<br>Designated<br>fixed asset reserve|||fund|40,000<br>50,339||||40,000|||50,339|
|Designated<br>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<br>training|||||9,800|9,800||||||
|Friendship<br>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|





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|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|





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|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|



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