## 




|Contents||
|---|---|
|Charity information|t|
|lntroductionbyChief ExecutiveOfficer|2|
|Objects andactivities for the public benefit|3|
|Review oftheyear|3-5|
|Liam's Story|5|
|Celebratingsuccess|6|
|Ourstaff-Aday inthe lifeof Steve, Health & SafetyOfficer|7|
|Hopes andplansfor theyearahead|8|
|Financial results|8|
|Structure,governance and management|9|
|lmpactof Coronavirus|10|
|Statementoftrustees' responsibilities|Lt-72|
|Report oftheindependent auditors|73-L6|
|ConsolidatedStatement ofFinancialActivities|L7|
|Consolidated and CharityBalance Sheets|18|
|StatementofCash Flows|19|
|Notesto the financial statements|20-29|





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|Ourimpact||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Project|N urnber<br>of<br>students/famllies/||Number<br>Year|of<br>11|o/oAchieving<br>Level<br>1||%Leavingwith<br>place<br>in||with<br>improved|
||professlonals||leavers||Quallfications||Education,||attendance|
||supported||||||Employmentor||and|
||||||||TraininR||encasement|
|Engage|7||3||7AO%||LOl%||t00%|
|Post 16|5||NA||NA||L00%||100%|
|Mentorlng|37||5||95%||t00%||L00%|
|Professlonals|30||NA||NA||NA||NA|
|Tralned||||||||||





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|Risk|Controls|
|---|---|
|School couldfailtomaintain 'Good'|Extensiveworkon curriculumtoimprove outcomes and|
|Ofstedjudgementat next inspection|evidence,Education GovernanceGroupmeetstermly|
||todiscuss progressandcompliancewithOfsted|
||standards.TwicemonthlySchool meetingstakeplace;|
||staffundergo observed teaching and feedback; system|
||ofregularCPDinplace.Mock inspectionstakeplace|
||involvingtrusteestoensure standards aremet.|
|Difficulties recruiting andretaining|EstablishedZ-yeartralnlngprogrammeofaccredited|
|good quality staff limitscapacity|awards|
||lncreasedpay above lndustrylevelsacrosstheboard.|
||lncreasedannual leaveentltlementto alevel|
||comparablewlthcollegesofFE.|
|Serioussafeguarding incidents could|Rlgoroussafeguardlng systems lnplacethroughoutthe|
|signlficantlyimpactreferralsand|organlsatlon.Allstaff tralnedwlthregularrefresher|
|potentlallycloseour provlslon|courses.Deslgnated SafeguardlngLeadappolntedand|
||deputleswlllbelnplaceand approprlatelytralned.|
||Safeguardingtrusteelslnplace and regularstructured|
||meetingstakeplace.|
|Dellverycouldbecurtalledby<br>staff/student infectlonwlththe|Seebelowforcontrolsandcontingencles duetothe<br>Coronavirus.|
|Coronavlrus||



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||Notes|||Total|Total|
|---|---|---|---|---|---|
|||UnrestrictedRestricted||Funds|Funds|
|||funds|funds|2022|2021.|
|||EE||E|f|
|lncomingresources||||||
|lncomingresourcesfromgenerate:dfunds:||||||
|Donations andsimilarsources|4|5,271||5,271|208|
|Othertroding activities||||||
|EmsworthOutboards||33,205||33,205|97,773|
|Choritobleoctivities:||||||
|Grants receivedforactivities|||23,500|23,500|56,600|
|Feeschargedforactivities||1,724,45;||!,724,458|1,470,251|
|lnvestmentincome||4,380||4,390|6,532|
|Total incomingresources||t,767,314|23,500|!,790,914|'J.,631,364|
|Resourcesexpended||||||
|Costsof generatingfunds||68,181||68,1"81|72,952|
|ChoritabIeoctiv itie s:||||||
|Educationalactivities||1,544,972|6',J,,370|L,606,342|1,376,593|
|Totalresources expended||1,613,153|67,370|'J,,674,523|1,449,435|
|Net movementin funds||1.54,16L|(37,870)|'1,'1.6,297|787,929|
|Reconciliation offunds||||||
|Total funds at1stAugust202t||685,405|52,185|747,59t|565,662|
|Totalfunds at31st August2022||839,556|24,3t6|_863,882__l_4r,ssr_||
|ChangesinResourcesAppliedforFixedAssets<br>Net movementinfunds|forCharityUse|||LL6,291t81,929||
|Netresources invested infixedassets||||(72,361]|(2L6,L64)||
|Funded by reserves andother fundingsources||||43,930|(34,235)|





## 

||Notes|Group||Charity||
|---|---|---|---|---|---|
|||2022|2021|2022|202L|
|||f|t|f|f|
|Fixed Assets||||||
|lntangibleassets|10|||||
|Tangibleassets|tt|55L,4t6|520,617|544,267|572,770|
|lnvestments|t2|||30|30|
|||55L,416|520,617|544,297|5L2,740|
|Currentassets||||||
|Stocks|13|L4,4L2|4,414|10,534|534|
|Debtors|t4|109,582|60,852|739,!62|L07,463|
|Cashatbankand inhand||467,792|45L,422|463,455|423,314|
|||591,785|516,588|513,151|531,311|
|Creditors: Amountsfallingduewithinone||||||
|year|15|(99,098)|(90,392)|(94,4961|(81,531)|
|Netcurrentassets||492,688|426,296|518,655|449,780|
|Totalassetslesscurrent liabilities||L,O44,Lo4|946,9t3 L,062,952||962,520|
|Creditors:Amounts falling aftermorethan||||||
|one year|16|l!80,2221|(L99,3221|(L8O,2221|{.L99,3221|
|NetAssets||863,882|747,591|882,730|763,198|
|Thefunds ofthe charity:||||||
|Restricted income funds|t7|24,376|62,L86|24,3L6|62,186|
|Unrestricted income funds:|17|839,565|585,405|858,474|7OL,O72|
|Total charity funds||853,882|747,59L|882,730|763,L98|





|STATEMENT OF CASHFLOWS<br>ASAT31ST AUGUST2022||||||
|---|---|---|---|---|---|
||Notes|2022<br>E|f|2021<br>g.E||
|Cashflowfrom operating activities|20||108,948||200,868|
|Cashflow frominvestingactivities||||||
|Paymentstoacquire tangible fixedassets||(74,4481||(2t6,1641||
|Receiptsfromsalesoftangible fixedassets||5,650||6,189||
|lnvestment incomereceived||4,380||6,532||
||||(64,4181||1203,443)|
|Netcashflow frominvestingactivities||||||
|Cashflowfromfinancingactivities||||||
|Repaymentoflongtermloans||(20,651)||115,333||
|lnterestpaid||(7,509)||(7,74L1||
|Netcashflowfromfinancingactivities|||(28,160)||707,592|
|Netincrease/(decrease)incashandcashequivalents|||!6,370||105,0L7|
|Cashandcashequivalents atlstSeptember2O2L|||45L,422||346,405|
|Cashandcashequivalents at31stAugust2022|||467,792||45t,422|





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## 

|towriteoff thecostlessestimatedresidua|l valueofeachassetover its expectedusefullife,asfollo|
|---|---|
|Freehold buildings|equal annualinstalmentsover50years|
|Boats|equalannual instalmentsover5to10years|
|Plant and machinery|25%on reducing balance|
|Motorvehicles|25%onreducingbalance|
|Fixtures andoffice equipment|25%onreducingbalance|



## 

## 

## 

## 

## 

## 

||2022|2021.|
|---|---|---|
||L|f|
|lncome|7,757,609|1,533,591|
|Donations undergift-aidfromsubsidiary companies|(33,766)|26,t4L|
|Othercharges madetosubsidiary companies|325|651|
||1,724,1,69|1,560,393|
|Expenditure|7,604,636|t,375,777|
|Net income/(expenditure)|L!9,532|185,206|





## 

|4|Donatlonsandslmllarlncome|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|2022|2A2t|
|||E,E||E|E|
||Donations|||||
||Other donations|5,27t||5,27t|208|
|||5,271|<br>-|5,271|2Og|
|5|Grants recelvedforactlvltles|||||
|||Unrestricted|Restricted|||
|||funds|funds|2A22|2021|
||||||{:|
||Covid Catch-up Grant||||9,600|
||Maurits MulderCanter Charity||||2,AOO|
||Michael&Betty LittleTrust||||20,000|
||Oakmoor Trust|-|,o,ooo|20,00;|25,000|
||Tabhair|-|3,500|3,500||
||||23,500|23,500|55,600|
|6|lnvestmentlncome|||||
|||U nrestricted|Restricted|||
|||funds|funds|2022|2A2t|
|||t|E|f|f|
||Bankinterest|50||60|32|
||Rentsreceived|4,320||4,320|6,500|
|||4,390||4,380|6,532|



|7|Costsofralslngfunds|||
|---|---|---|---|
|||2A22|2A2t|
|||E|f|
||Emsworth Outboards|67,522|77,962|
||Websiteandotherpromotionalcosts|659|890|
|||68,181|72,952|





## 

## 

|R THE YEAR ENDED31ST AUG<br>Charitableactivities|UST2022||||||
|---|---|---|---|---|---|---|
||Diiect<br>'2022|costs<br>7-021|Support<br>2022|Costs<br>202t|?.M2|)o).1|
||[.|t.|fE||t:|I|
|Activitycostsand|||||||
|equipment|84,496|57,O37|||84,496|5r,o37|
|Boatcosts|7,300|5,206|||7,300|5,206|
|Staff costsinc.training|t,o2o,245|895,481|178,532|'J.84,347|1,,1,98,777|t,079,828|
|Insurance|15,393|t2,172-|1,,710|L,352|L7,tA3|1,3,524|
|Propertycosts|||99,406|8L,540|99,405|81,540|
|Officecosts|||8A,87|53,255|80,437|53,255|
|Motorandtravelcosts|42,472|36,!72|||42,472|36,172|
|Depreciation|38,1.84|25,213|||38,1.84|25,213|
|(Profit)/lossonsaleofassets|(3,030)|(3,367)|||(3,030)|(3,367)|
|Finance charges andinterest|||7,509|7,741"|7,509|7,741,|
|Governancecosts|||||||
|Staffcosts|||15,153|L4,268|15,1-53|1.4,269|
|Auditor's remuneration|||7,5L9|6,969|7,5t9|6,969|
|Professional fees|||g,7gg|835|9,798|835|
|Other governancecosts|||L,21,8|4,362|L,2L8|4,362|



||_1,205,060__t,nt,gw_ _4O1,2|U_____111999__1,6063n__|U76,193_|
|---|---|---|---|
|Outgoing|resources includes:|||
|Operating|leasepayments-property|52,021|52,021|
||-other|2,L46|2,!46|



## 

||2022|202L|
|---|---|---|
||f|f|
|Wages and salaries|1,057,329|974,763|
|Socialsecuritycosts|88,260|8t,327|
|Pensioncosts|45,862|23,943|
||t,LgL,45O|1,080,033|



|staff employedbythe groupduringtheyearwereasfollows:|||
|---|---|---|
||2022|202t|
||No|No|
|Operational|33,37|31.38|
|Support|6.35|6.46|
|ReleasingPotentialEnterprisesLtd|2.OO|0.50|
||41.72|38.34|
|The averagenumber of staff employedbythegroup(Headcount)|49.67|43.50|





|EASINGPOTENTIAL LIMITED<br>ESTO THE FINANCIAL STATEMENTS<br>THE YEARENDED 31ST AUGUST2022<br>ntanglbleflxedassets(group)||24|
|---|---|---|
||Goodwill|Total|
||f|E|
|Cost|||
|At1stSeptember 2O2land31st August2Ol2|16,000|16,000|
|Amortisation|||
|At1stSeptember 202L|16,000|16,000|
|Chargefor theyear|||
|At31st August 2022|16,000|15,000|
|Net book value|||
|At31stAugust2O22|||
|At3lstAugust 2021|||



|Tanglbleflxedassets(grou|p)|p)||||||||
|---|---|---|---|---|---|---|---|---|---|
||Freehold&|||||||Fixtures&||
||Leasehold|||Plant&||Motor||office||
|||Property|Boats<br>Machinery||vehicles||equipment||Total|
|||€.|€|f||€||f|f"|
|Cost||||||||||
|At1stSeptember 202L||51_6,873|32,577|g2,6gt||95,037||<br>52,OL7|779,795|
|Additions<br>Disposals<br>At31stAugust2022||-<br>5L6,873|3,800<br>69,g9g<br>(70,778) lL,O26l<br>25,599757,563|||750<br> <br>(500)<br>95,297||-<br>52,017<br>-|74,448<br>847,339<br>(72,3041|
|Depreciation||||||||||
|At1stSeptember 202L||48,034|30,423|60,1,62||<br>77,435||42,524|259,579|
|Chargefortheyear<br>Eliminatedon disposals<br>At3l.st August 2022|**J**|9,890<br> <br>57,924|760<br>22,929<br>**(**8,6241<br>8,6241 (6781<br> 22,559 92,4t3|||4,560<br> <br>(382)<br>gL,6L3||2,890<br>45,474|4L,029<br>2ggp23|
|Net book value||||||||||
|At31st August 2022||458,949|3,040|59,150||!3,674||5,603|557,416|
|At31st August 2021||468,839|2,754|22,529||17,602||<br>9,493|520,617|





## 

## 

|angiblefixedassets(charit|y)|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Fixtures&||
||Freehold|||Plant &||Motor||office||
||Property|Boats|Machinery||vehicles||equipment||Total|
||E|E||E||f||f|E|
|Cost||||||||||
|At1st September2021-|509,446|32,577||<br>75,691.||85,037||5L,217|753,968|
|Additions<br>Disposals||3,800<br>67,81_1<br>(10,7781 (1,026)||||<br>750<br>(5oo)||-<br>-|72,36L<br>(L2,3041|
|At31st August 2022|5O9,446|25,599||1,42,476||85,287||<br>51,217|8L4,025|
|Depreciation||||||||||
|At1-stSeptember 202L|43,480|30,423||55,677||69,954||41,724|241,259|
|Chargefor theyear<br>Eliminated on disposals|8,829_|760<br>21,775<br>(8,6241<br>(678)||||3,930<br>(382)||2,890|38,184<br>(9,684)|
|At3Lst August 2022|52,309|22,559||76,774||73,502||44,61.4|269,758|
|Net book value||||||||||
|At31st August 2022|457,137|3,040||65,702||11,785||6,603|544,267|
|At3Lst August 2021|465,966|2,L54||20,01.4||15,083||9,493|512,71.0|



|Fixed assetinvestment-Charity||||||
|---|---|---|---|---|---|
|||2022||202I||
||Company|||||
|Wholly ownedsubsidiary company|NumberShareholding|E||f:||
|ReleasingPotentialEnterprisesLtd|L06268t9Ordinarysharesoffl"each||10||10|
|Youth Coastal RowingLtd|L0486398Ordinarysharesoff1each||10||10|
|BeachExplorersLtd|LO513972OrdinarysharesoffLeach||10||10|
||||30||30|





## 

|Thesummaryfinancial performanceofthe trading|subsidiariesissetout|below:|||
|---|---|---|---|---|
||||ReleasingPotential||
||||Enterprises|Ltd|
||||2422|202L|
|Turnover|||33,205|97,773|
|Costofsalesandadministrationcosts<br>Chargespaid by(to) parent undertaking|||(36,1.21)<br>(32s)|(1"00,398)<br> <br>(5s1)|
|Netprofit|||(3,2411_(3,276)_||
|Amount gift-aidedtothe charity|||||
|Retainedinthesubsidiary|||(3,24L1|(3,276l'|
|TangibleFixed assets|||7,L49|7,907|
|Currentassets|||10,306|35,955|
|Current liabilities<br>Netassets|||(36,349)<br>(18,894)<br>(59,515)<br>--@3I||
|Aggregate sharecapitaland reserves|||(18,894)|(15,653)|
|Stocl<s|||||
||Group||Charity||
||2022|2A2t|2022|2021,|
||fE||f|E|
|Goodsforresale|L4,412|4,4!4|L0,534|534|



|Debtors: amountsfalllngduewithlnoneyear|||||
|---|---|---|---|---|
||Group<br>2022|2A2L|Charity<br>2022|2A2t|
||f.E||fE||
|Operational debtors<br>Amounts owedbygroup undertakings<br>Other debtorsandprepayments|75,539<br>109,582<br>33,943|4L,g23<br>60,852<br>19,029|74,456<br>739,162<br>32,959<br>3t,747|t6,t6g<br>50,654<br>40,640<br>t07,463|



|Credltors! amountsfalllngduewlthlnoneye|ar||||
|---|---|---|---|---|
||Group||Charity||
||2022|202L|2022|2021|
||t|€|f|f_|
|Repayments due on bank loans|79,604|21,155|L9,604|27,\55|
|0perationalcreditors|29,495|29,516|28,Ott|25,674|
|Socialsecurityandothertaxes|2!,486|23,209|2L,069|26,225|
|Other creditorsand accruals|28,5!3|L6,5t2|25,813|9,477|
||99,098|90,392|94,496|81,531|





||Group<br>2022|2021|Charity<br>2022|202t|
|---|---|---|---|---|
||Ef.||f.|f.|
|Duebetweentwoandfiveyears:|||||
|Repayments due on bankloans|78,416|90,885|78,416|90,885|
|Dueafter fiveyears:|||||
|Repayments due on bank loans|101,806|L08,437|101,806|!08,437|
||780,222|L99,322|790,222|L99,322|



## 

|Funds||||||||
|---|---|---|---|---|---|---|---|
||Balanceat||lncoming||Resources||Balance at|
||1September|resources|||expended|Transfers|31August|
||202t||||||2022|
||f|||f|€|f|€|
|Chority||||||||
|Restricted income funds||||||||
|Capital Grants<br>Farmdevelopment|3,9t4<br>22,628|||-<br>3,500|13,274)<br> <br>(26,128)||700|
|Sailing Programme|35,644|||20,000|<br>(32,028)||23,6L6|
||62,196|||23,500|<br>(6L,370)||24,3L6|
|Unrestricted income funds||||||||
|Designatedfixedassetreserve|270,3L9|||||73,422|<br>343,741|
|Generalfund|430,693||1,700,668||(L,543,266)173,422\||514,673|
||7o'J.,oLz||t,-/OO,668||(1,543,266)|-|858,414|
|Total charity funds|763,198||!,724,768||(1",604,636)||882,730|
|Subsi diaryundertokings||||||||
|ReleasingPotentialEnterprisesLtd|(1s,607)|||33,205|.36,446_\||(18,848)|
|Youth Coastal RowingLtd||||||||
|BeachExplorersLtd<br>**Total subsidiary f**unds<br>unds|(15,607)|||33,205|<br>(36,446)||(18,848)|
|**Total f**unds<br>unds|,-*,||,r" r,||,r,r-r,a"I|-|863,882|





## 

|LEAsING POTENTIAI" LIMITED<br>TESTO THE FINANCIAI. STATEMENTS<br>R THE YEARENDED31STAUGUST ZO22<br> Analyslsof netassetsbetween funds-Group||||28|
|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Total|
|At3lstAugust2022|funds|funds|funds|funds|
||E|€||E|
|lntangible fixedassets|||||
|Tangiblefixedassets|7,149|544,267||551,416|
|NetCurrentAssets|487,976|(19,604)|24,3t6|492,688|
|Creditors:Amounts fallingaftermorethanoneyear|||||
||495,\25|344,447|24,31,6|g63,gg2|
||Unrestricted|Designated|Restricted|Total|
|At3lstAugust2021|funds|funds|funds|funds|
||f|€||t|
|lntangible fixedassets|||||
|Tangiblefixedassets|7,907|5L2,7LO||520,617|
|NetCurrentAssets|346,334|(21,155)|tgt,Lt7|426,296|
|Credltors:Amounts falllngaftermorethanone year||(L99,3221||{199,3221|
||354,24L|292,233|tot,L77|747,591|
|Analysisofnetassetsbetween funds.Charity|||||
||U nrestricted|Designated|Restricted|IrrtaI|
|At31stAugust2022|funds|funds|funds|funds|
||E|E||f.|
|Tangiblefixedassets||544,267||544,267|
|lnvestments|30|||30|
|NetCurrentAssets|5t3,943-|(L9,6041|24,3t6|518,655|
|Creditors:Amounts fallingaftermorethanone year||(.780,2221||(780,2221|
||513,973|344,44L|24,3L6|882,730|
||Unrestricted|Designated|Restricted|'Iota<br>I|
|At3lstAltgust2021|funds|funds|funds|funds|
||f|f||f|
|Tangiblefixedassets||5L2,7LO||572,710|
|lnvestments|30|||30|
|NetCurrentAssets|369,818|(21,155)|t9t,LL7|449,780|
|Creditors:Amounts fallingaftermorethanone year||(t99,3221||(199,3221|
||359,848 292,233 LOL,|LT|||763,tgg|



||Property|Other|'lotaI|
|---|---|---|---|
||f.|f|f|
|Not later than1year|64,564|2,L46|66,810|
|LaterthanLyear andnotlater than5years|L76,OLO|1,533|L17,543|
|Laterthan5years|63,375||53,375|
|||3,679|247,729|





## 

|EASINGPOTENTIAL LIMITED<br>ESTO THE FINANCIAT STATEMENTS<br>THE YEAR ENDED31ST AUGUST2022<br>Reconciliatlonofnet lncometonetcashflow fromoperatlng actlvltles||)_,t|
|---|---|---|
||)ll))|.r0/I|
||I|t|
|Net incomefortheyear|1,76,297|L81,929|
|lnvestment incomereceivable|(4,380)|(6,532)|
|lnterestpayable|7,509|7,74',J,|
|Depreciationandimpairmentoftangible fixedassets|41,029|28,489|
|(Profit)/losson disposal oftangible fixedassets|(3,030)|(3,36e)|
|(lncrease)/decrease in stock|(9,998)|1,437|
|(lncrease)/decrease indebtors|(48,730]'|(9,230)|
|lncrease/(decrease)increditors|L0,257|403|
|Netcashflow fromoperating activities|108,948|200,868|



## 

|Financialinsffuments|||||
|---|---|---|---|---|
||Group||Charity||
|Categorisation offinancial instruments|2022|2o2L|2022|2021|
||f€||f|E|
|Financialassetsthataredebt instrumentmeasured at|||||
|amortisedcosts|515,464|475,381|538,156|491,L88|
|Financialliabilitiesmeasured atamortisedcosts|279,320|289,71"4|274,718|280,853|



## 

## 

##