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|Contents||
|---|---|
|Charityinformation|t|
|lntroductionby Chief ExecutiveOfficer|2|
|Objects andactivities for the publicbenefit|2|
|Reviewoftheyear|3|
|Leo's(updated)Story|4|
|Celebratingsuccess|5|
|Ourstaff- Aday inthe life ofCatherine, Senior ExecutiveOfficer6||
|Hopes and plansfor theyearahead|7|
|Financialresults|8|
|Structure,governance andmanagement|8|
|lmpact ofCoronavirus|9|
|Statementoftrustees'responsibilities|tO|
|Reportoftheindependentauditors|t2|
|ConsolidatedStatement ofFinancialActivities|tG|
|Consolidated and CharityBalanceSheets|L7|
|StatementofCashFlows|18|
|Notesto the financialstatements|19|





|Trustees:|A Brooker(Chair)|
|---|---|
||PSuter|
||EEminson|
||SRoberts (resigned t3/7/2Ll|
||KEmmett (resigned 2213/27)|
|Chiefexecutive officerandcompanysecretary:MA King||
|Registeredoffice:|7Kingscroft Court|
||Ridgway|
||Havant|
||Hampshire|
||POg1LS|
|Registerednumber:|4622LA0 (England and Wales)|
|Registeredcharity number:|7097440|
|lndependentauditor:|Scott VeversLtd|
||Chartered Accountantsand|
||RegisteredAuditors|
||65EastStreet|
||Bridport|
||Dorset|
||DT6 3LB|
|Bankers:|HSBCBankPlc|
||118CommercialRoad|
||Portsmouth|
||Hampshire|
||PO11EP|





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|Ourimpact*||||||
|---|---|---|---|---|---|
|ProJect|Numberof|Numberof|o/oAchievlng|%l-eavlngwith|%wlth|
||studentsfamilles/|Year11|level1|placein|improved|
||professlonals|leavers|Qualifications|Education,|attendance|
||supported|||Employment|and|
|||||or Trainins|engaEement|
|Engage|8|4|too%|too%|too%|
|Post 16|5|NA|NA|LOO%|too%|
|Mentoring|22|5|95%|100%|t00%|
|Mediation|400|NA|NA|NA|NA|
|cases||||||
|Professionals|25|NA|NA|NA|NA|
|Trained(Levels||||||
|2-5&CPD||||||






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|Risk|Controls|
|---|---|
|School couldfailtomaintain 'Good'|HeadofSchoolreportstoCEOweekly andtoSchool|
|Ofstedjudgementat next|Board of Governorstermlyon progress and|
|inspection|compliancewithOfsted standards. Twicemonthly|
||School meetingstakeplace;staffundergo observed|
||teaching and feedback; systemofregularCPDin place.|
||Regular'mock-inspections'commissionedtoensure|
||standards are beinsmet.|
|Difficulties recruitingandretaining|Established2yeartralnlngprogrammeofaccredlted|
|goodquality staff limitscapacity|awards|
||lncreased pay aboveindustrylevels acrossthe board.|
||lncreased annualleaveentltlementtoaleve!|
||comparablewlthcollegesofFE.|
|Serloussaleguardlng incidents|Rigoroussafeguarding systemsinplacethroughoutthe|
|couldslgnilicantly impactrelerrals|organisation.Allstafftrainedwithregularrefresher|
|andpotentiallycloseour provlslon|courses.Deslgnated SafeguardingLeadappointedand|
||all managers receive advancedtraining whichis|
||refreshed regularly. Safeguardingtrusteeisin place|
||and regularstructuredmeetingstakeplace.|
|Deliverycouldbecurtailed by|Seebelowforcontrols and contlngenciessuetothe|
|staff/studentinfectionwith the|Coronavirus.|
|Coronavirus||



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## 







||Notes||Total|Total|
|---|---|---|---|---|
||UnrestrictedRestricted||Funds|Funds|
||funds|funds|2021|2020|
||ff||f|f|
|lncomingresources|||||
|lncomingresourcesfromgeneratedfunds:|||||
|Donations andsimilarsources|208||208|772|
|Othertradingactivitie s|||||
|Emsworth Outboards|97,773-||97,773-|92,020_|
|LinkenholtCountrysideAdventure|||||
|Charitableactivities:|||||
|Grants receivedforactivities|9,600|47,OOO_|56,600|16,900|
|Feeschargedforactivities|1,470,25L||1,47O,251|L,L57,Og9|
|lnvestment income|6,532||6,532|5,483|
|Total incomingresources|t,594,364|47,000|1,63L,364|L,272,264|
|Resourcesexpended|||||
|Costsofgeneratingfunds|72,852||72,852|78,660|
|Choritobleoctivities:|||||
|Educationalactivities|1,368,514|9,059|1,376,583|L,237,332|
|Totalresources expended|7,44t,366|8,059|1,449,435|L,3Og,gg2|
|Net movementinfunds|L42,998|38,93!|181,929|(37,7281|
|Reconciliation offunds|||||
|Total funds at1stAugust2O2O|542,407|23,255|<br>565,662|603,389|
|Totalfunds at31st August 202L|585,405|<br>62,786|747,59L|565,661|
|ChangesinResourcesAppliedforFixed Assets|forCharityUse||||
|Net movementinfunds|||181,929|137,7281|
|Netresourcesinvestedinfixedassets|||(2t6,L64)|{30,9071|
|Funded by reserves andother fundingsources|||134,235)(68,535)||
|All amounts derivefromcontinuing activities.|||||





## 

## 

|BALANCESHEETS<br>ASAT31STAUGUST2021||||||
|---|---|---|---|---|---|
||Notes|Group||Charity||
|||2021|2020|2021|2020|
|||e|f|Ef.||
|Fixed Assets||||||
|lntanglbleassets|10|||||
|Tangibleassets|L7|520,6L7|335,752|5L2,7L0|324,579|
|lnvestments|L2|||30|40|
|||520,5L7|335,762|512,740|324,679|
|Currentassets||||||
|Stocks|L3|4,41_4|5,851|534|534|
|Debtors|L4|60,852|57,622|L07,463|80,6L2|
|Cashatbank andinhand||457,422|346,405|423,374|330,636|
|||516,688|403,878|531.,31.L|47L,782|
|Creditors: Amountsfallingduewithinone||||||
|year|75|(90,392l,|(87,5341|(81,531)|(.65,9541|
|Net currentassets||426,296|322,344|449,780|345,878|
|Totalassetslesscurrent liabilities||946,91.3|559,105|962,520|670,437|
|Creditors: Amountsfalling aftermore than||||||
|oneyear|76|(199,3221|(92,4451|(199,3221|(92,4451|
|Net Assets||747,597|555,667|763,198|577,992|
|Thefunds ofthecharity:||||||
|Restricted incomefunds|77|62,L86|23,255|62,186|23,255|
|Unrestrictedincomefunds:|77|685,405|542,405|70L,01,2|554,737|
|Total charity funds||747,597|555,661|763,!98|577,992|





## 

## 

|STATEMENTOF CASH FLOWS<br>ASAT31STAUGUST2021||||||
|---|---|---|---|---|---|
||Notes|2O2L||||
|||ffEE||||
|Cashflow fromoperatingactivities|20||200,858||25,871|
|Cashflowfrominvestingactivities||||||
|Paymentstoacquiretangible fixedassets||(276,164-)||(32,807-l||
|Paymentstoacquire intangible fixedassets||||||
|Receiptsfromsalesoftangible fixedassets||6,L89||L36||
|lnvestment incomereceived||6,532||5,483||
||||(203,4431||(27,7881|
|Netcashflow frominvestingactivities||||||
|Cashflow fromfinancing activities||||||
|Repaymentoflongtermloans||tt5,333||(12,3241||
|Repayment offinanceleaseliabilities<br>lnterestpaid||{7,74tl.||14,998)||
|Netcashflow fromfinancingactivities|||707,592||(17,322l.|
|Netincrease/(decrease)incashand cashequivalents|||105,017||(18,6391|
|Cashandcashequivalents at1stSeptember2020|||346,405||365,044|
|Cashandcashequivalents at31stAugust2021|||457,422||346,405|





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## 

## 



## 

|to write offthe costlessestimatedresidua|l valueofeachassetoveritsexpectedusefullife,asfollo|
|---|---|
|Freehold buildings|equalannual instalmentsover50years|
|Boats|equal annualinstalmentsover5to10years|
|Plant andmachinery|25%onreducingbalance|
|Motorvehicles|25%onreducingbalance|
|Fixtures andoffice equipment|25%onreducingbalance|



## 

## 

## 

## 

## 

## 

|ReleasingPotentialEnterprises Ltd andReleasingPotential Linkenholt<br>charity aloneis:|Ltd. Thesummary performance|ofthe|
|---|---|---|
||2021|2020|
||Ef||
|lncome|I,533,597|1,190,244|
|Donations undergift-aidfromsubsidiary companies|26,L4t|7,625|
|Othercharges madetosubsidiary companies|651|L,226|
||L,560,383|L,L89,095|
|Expenditure|L,375,L77|L,229,639|
|Net income/(expenditure)|||





## 

|Donationsandsimilar income||||||
|---|---|---|---|---|---|
||Unrestricted|Restricted||||
||funds|funds||2021|2020|
||ff|||f|f|
|Donations||||||
|Receivedfromother charitable trusts||||||
|Other donations|208||-|208|772|
||208||-|208|772|



|Grantsreceivedforactivities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||funds|funds|2021.|2420|
||€f||I||
|Covid Catch-upGrant<br>Maurits MulderCanter Charity|9,600-|2,000|9,500<br>2,000||
|Michael & BettyLittleTrust|-|20,000|20,000||
|OakmoorTrust|-|25,000|25,000|$,00;|
|lrinityHouseMaritimeCharity||||1,900|
||9,600|47,OOO|56,600|16,900|
|nvestment income|||||
||Unrestricted|Restricted|||
||funds|funds|2071.|2020|
||f|f|f|f.|
|Bankinterest|32||32|525|
|Rentsreceived|5,500||6,500|4,959|
||6,532||6,532|5,483|



|2021|2020|
|---|---|
|f|E|
|77,962|78,L64|
|890|496|
|72,952|78,660|





|THE YEARENDED 31ST AUG<br>Charitableactivities|UST 2O2L|||||||
|---|---|---|---|---|---|---|---|
||Direct<br>2021|costs<br>2020||SupportCosts<br>2021<br>2020||202L|2020|
||ff|||€€||t|f|
|Activitycosts andequipment|51,037|60,046||||57,037|60,046|
|Boat costs|5,206|4,233||||5,206|4,233|
|Staff costsinctraining|895,487|728,944||7g4,g4;|L87,82;|1,079,828|916,768|
|lnsurance|L2,L72-|L2,8t2_||L,352|1,424|73,524|14,235|
|Propertycosts||||97,540|85,064|87,540|85,054|
|Office costs||||53,255|55,280|53,255|55,280|
|Motorandtravelcosts|36,L72|34,529||||36,L72|34,529|
|Depreciation|25,2t3|27,524||||25,2L3|27,524|
|Profit(loss)onsaleofassets|(3,367|L,567||||13,367)|L,567|
|Finance charges andinterest|-l||_|7,74L|4,gg;|7,74L|4,998|
|Governance costs||||||||
|Staff costs||||L4,269|15,257|14,268|15,257|
|Auditor's remuneration||||6,969|7,O5O|6,969|7,050|
|Professional fees||||835|3,L49|835|3,149|
|Othergovernance costs||||4,362|L,632|4,362|1,632|
||_1,O2L,9U_|_869,65|5_|_354,669__36L,678_||_1,376,583_|_t,n$32_|
|Outgoingresources includes:||||||||
|Operatingleasepayments-property||||||52,02L|57,227|
||-other|||||2,146|2,L46|



## 

|were:|||
|---|---|---|
||2021"|2020|
||ff.||
|Wages and salaries|974,763|826,284|
|Socialsecuritycosts|81,327|67,288|
|Pension costs|23,943|L9,504|
||_1,W!_<br>_913,t?6||



|Noemployee earnedmorethanf60,000duringtheyear.Theaverage <br>employedbythecharityduringtheyear wasasfollows:|full timeequivalent numberofs|taff|
|---|---|---|
||202t|2020|
||No|No|
|Operational|31.38|24.60|
|Support|6.46|5.89|
|ReleasingPotentialEnterprisesLtd|0.50|0.06|
|The averagenumber of staff employed(Headcount)|43.50|35.75|





## 

|EASINGPOTENTIAL LIMITED<br>ESTO THE FINANCIAL STATEMENTS<br>THE YEAR ENDED 31STAUGUST 2021.<br>ntangible fixedassets(group)||23|
|---|---|---|
||Goodwill|Total|
||f|f|
|Cost|||
|AtlstSeptember2O2Oand 31st August 2021|15,000|16,000|
|Amortisation|||
|AtlstSeptember2O2O|16,000|16,000|
|Chargefor the year|||
|At31st August 202L|16,000|15,000|
|Net book value|||
|At31st August 2021|||
|At31st August 2020|-||



## 

|Tangible fixedassets(grou|p)|||||||
|---|---|---|---|---|---|---|---|
||Freehold &|||||Fixtures&||
||Leasehold||Plant &|Motor||office||
||Property|Boats|Machinery|vehicles|equipment||Total|
||f|f.|f|t||f|f|
|Cost||||||||
|At1stSeptember2O2O|3L4,386|32,577|80,787|7!2,5L8||46,750|587,O12|
|Additions|||1,910|5,500||5,267_|276,754|
|Disposals||||(23,981)|||(23,981)|
|At31st August 2021|5L5,873|32,577|82,697|95,O37||52,OL7|779,1.95|
|Depreciation||||||||
|At1st September2O2O|38,744|28,7L6|52,552|<br>92,554||39,682|25L,249|
|Chargefor theyear|9,890|2,307|7,'LO|5,940||<br>2,842|2g,4gg|
|Eliminated on disposals||||||||
|At31st August 2021|48,034|30,423 60,762||77,435||<br>42,524|259,578|
|Netbook value||||||||
|At 31st Augustz02L|468,839|2,L54|22,529|L7,602||9,493|520,6t7|
|At31stAugust2020|276,242<br>::::::::|4,46t|28,L29|79,854||7,069|335,764|





|Tangiblefixedassets(charit|y)||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Fixtures &||
||Freehold|||Plant&|Motor||office||
||Property|Boats|Machinery||vehicles|equipment||Total|
||f|E||€|f||f|f|
|Cost|||||||||
|At1stSeptember 2020<br>Additions|306,959<br>202,487-|32,577||73,78L<br>L,9L0|102,5L8<br> <br>6,500||45,950<br>5,267-|561,785<br>216,164|
|Disposals|||||(23,9811||||
|At31st August 2021|509,446|32,577||<br>75,69L|85,037||51,217|753,968|
|Depreciation<br>At1stSeptember2020<br>Chargefor theyear|34,557<br>8,829|28,1!6<br>2,3O7||49,005<br>6,672|<br>86,433<br> <br>4,580||38,999<br>2,725|237,204<br>25,2L3|
|Eliminatedon disposals|||||(21,L591|||(2t,Lsgl|
|At31st August 2021|43,480|30,423||55,677|69,954||<br>41,724|24L,258|
|Net book value|||||||||
|At31st August 202L|465,966|2,L54||2O,OL4|15,083||9,493|5L2,7LO|
|At31st August 2020|272,308|4,46L||24,776|16,085||6,95L|324,58L|



|Fixed assetinvestment-Charity||||||
|---|---|---|---|---|---|
|||2021_||2020||
||Company|||||
|Wholly ownedsubsidiary company|NumberShareholding|f||f||
|ReleasingPotentialEnterprisesLtd|L06268L9Ordinaryshares off.teach||LO||10|
|ReleasingPotential LinkenholtLtd|0998477LOrdinarysharesof€1each||||10|
|YouthCoastal RowingLtd|10486398OrdinarysharesoffLeach||10||10|
|Beach ExplorersLtd|LOSL3972OrdinarysharesofEl.each||LO||10|
||||30||40|





||Thesummaryfinancial performanceofthe tradi|ngsubsidiariesissetout below:|ngsubsidiariesissetout below:|||
|---|---|---|---|---|---|
|||ReleasingPotential||ReleasingPotential||
|||Enterprises|Ltd|Linkenholt|Ltd|
|||2021.|2020|2021|2020|
|||f|€|||
||Turnover|97,773|92,020|||
||Costofsalesandadministrationcosts<br>Chargespaidby(to) parent undertaking|(100,398)<br>(5s1)|(87,9791<br>(1.,2261|||
||Netprofit|(3,276),_|2,875-|||
||Amount gift-aided to the charity|||||
||Retainedinthesubsidiary|-ffi--||||
||TangibleFixed assets|7,907|Lt,Lg3|||
||Currentassets<br>Current liabilities<br>Netassets|35,955<br>27,007<br>(59,515)(50,503)<br>-(I5^6-'55i-t@-|||(283)<br>283|
||Aggregate sharecapitaland reserves|(15,653)|(72,3791|||
|13|Stocks|||||
|||Group||Charity||
|||2421|2020|202L|2020|
|||f|f|€f||
||Goodsforresale|4,4L4|5,851|534|534|



|Debtors: amountsfallingduewithinoneyear|||||
|---|---|---|---|---|
||Group||Charity||
||202t|2A20|2A21.|2020|
||f|f|f|f|
|Operational debtors|L9,029|1,6,920|76,769|L4,5L9|
|Amounts owedbygroup undertakings|(32,O47)|(6,066)|!8,607|28,584|
|Other debtorsandprepayments|73,870|40,758|72,687|37,509|
||60,852|51,622|LO7,453|80,6L2|



|Creditors: amountsfallingduewithinoneye|ar||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021"|2020|
||f|f|{.|f|
|Repayments dueonbank loans|27,755|L2,7OO|2L,155|L2,740|
|Operational creditors|29,515|32,950|25,674|24,727|
|Socialsecurityandothertaxes<br>Other creditorsand accruals|23,209<br>L6,5t2<br>90,392|23,684<br>L2,2A0<br>8L,534|26,225<br>8,477<br>8L,53L|23,464<br>5,673<br>65,964|





|Creditors: amountsfalling aftermoretha|noneyear||||||
|---|---|---|---|---|---|---|
|||Group||Charity|||
|||2AU.<br>2020|2021.|||2020|
|||f<br>f|f|||f|
|Duebetweentwoandfiveyears:|||||||
|Repayments dueonbank loans||90,885 55,803 90,885||||55,803|
|Dueafter fiveyears:|||||||
|Repayments due on bank loans||L08,437 36,642 t08,437||||36,642|
||::::|L99,322<br>92,445|L99,322|||92,M5|
|The bankloanissecuredby alegal charge overthe freehold||properties, togetherwitha|fixedandfloatingcharge||||
|over allthe otherassetsofthe charity.The book value ofthe freehold propertiesat31August||||202!was|||
|f465,966.Themortgage represents38.6%|of netbook value andisforatermof15yearsat3.42% overbank||||||
|base rate.|||||||
|Funds|||||||
||Balanceat<br>lncoming<br>Resources||||Balance at||
||lSeptember<br>resources<br>expended<br>Transfers||||3L|August|
||2020|||||202L|
||f|f<br>f|f|||I|
|Charity|||||||
|Restricted income funds|||||||
|Capital Grants<br>Farmdevelopment<br>Sailing Programme|3,830<br>3,588<br>15,837<br>23,255|20,000(l,9t6l<br>2,ooo<br>(950)<br>25,000<br>(5,7931<br>47,000<br>(8,059)||||21,9L4<br>4,628<br>35,644<br>62,L86|
|Unrestricted income funds|||||||
|Designatedfixedasset reserve<br>Generalfund|2L5,604<br>54,7L5<br>339,133L,5L3,383(L,357,L081(54,7L51|||||270,3L9<br> 430,693|
||554,7371,513,383{L,367,1081||||-|7OL,OLZ|
|Total charity funds|||||||
|Subsidiaryundertakings<br>ReleasingPotentialEnterprisesLtd|(12,330_197,773_(101,050)||||-_|(75,607-l|
|ReleasingPotential LinkenholtLtd|||||||
|Youth Coastal RowingLtd|||||||
|BeachExplorersLtd|||||||
|Total subsidiary funds|(12,3301|97,773,(101,050)||||lts,607l|
|Total funds|565,652<br>L,658,156<br>{1,476,227)|||||747,591|



## 



|TESTO THEFINANCIAISTATEMENTS<br>R THE YEAR ENDED 31STAUGUST2A21<br> Analysisof netassetsbetween funds-Group||||||
|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted||Total|
|At31stAugust2021|funds|funds|funds||funds|
||f|f|||f|
|lntangible fixedassets||||||
|Tangiblefixedassets|7,907|5L2,710|||520,677|
|NetCurrentAssets|385,265|{2L,L551||62,786|426,295|
|Creditors;Amountstallingaftermorethanone year|(L99,3221<br>393,L72292,233|||62,186|(199,3221<br> 747,59t|
||Unrestricted|Designated|Restricted||Total|
|At31stAugust2020|funds|funds|funds||funds|
||f|I|||f|
|lntangible flxedassets||||||
|Tangiblefixedassets|1,L,793|324,579|||335,762|
|Net CurrentAssets|3L7,789|(72,700l'||23,255|322,344|
|Creditors:Amounts tallingaftermorethanoneyear|-|(92,4451||-|(92,4451|
||322,9722L9,434|||23,255|565,667|
|Analysisof netassetsbetween funds-Charity||||||
||Unrestricted|Designated|Restricted||Total|
|At31stAugust2021|funds|funds|funds||funds|
||ff||||f|
|Tangiblefixedassets|-|,LZ,7LO|||5!2,710|
|lnvestments|30||||30|
|Net CurrentAssets|408,749(2L,7551|||62,L86|449,780|
|Creditors:Amounts fallingaftermorethanoneyear||(799,3221||-|(L99,3221|
||408,779292,233|||62,L86|763,Lgg|
||Unrestricted|Designated|Restricted||Total|
|At31stAugust2020|funds|funds|funds||funds|
||ff.||||f|
|Tangiblefixedassets|-|324,579|||324,579|
|lnvestments|40||||40|
|NetCurrentAssets<br>Creditorsl Amountsfallingaftermorethanone year|335,263(12,7001<br>(92,4451<br>335,303<br>279,434|||23,255<br> <br>23,255|345,878<br>(92,4451<br>577,992|



||Property|Other|Total|
|---|---|---|---|
||t|f|f_|
|Not laterthan1year|56,L99|2,L46|58,345|
|Laterthan Lyearandnot later than5years|L07,343|3,679|7O5,022|
|Laterthan5years|80,L25||80,725|
||237,667|5,825|243,492|





|Reconciliation ofnetincometonetcashflow fromoperatingactivities|||
|---|---|---|
||2021|2420|
||E|f|
|Netincomeforthe year|181,929|(37,728)|
|lnvestment incomereceivable|(6,5321|(5,483)|
|lnterestpayable|7,741|4,998|
|Depreciationandimpairmentoftangible fixedassets|28,489|34,275|
|(Profit)/losson disposal oftangible fixedassets|(3,369)|1,567|
|(lncrease)/decrease in stock|1,,437|2,559|
|(lncrease)/decrease indebtors|(9,2301,|9,957|
|lncrease/(decrease) increditors|403|15,725|
|Netcashflow fromoperating activities|200,858|25,871|