2021-03-31-accounts

			Page
Trustees' report			1-4
Independent examiner's		report
Statement of financial	activities		6-7
Balance sheet			8-9
Notes to the financial	statements		10-22

Current financial year
		Unrestricted Unrestricted		Restricted	Total	Total
		funds	funds	funds
		general	designated
	Notes	2021 E	2021	2021f	2021	2020 E
Donations and legacies		54,813		250	55,063	7,659
Charitable activities		72,474			72,474	140,752
Other trading activities		33,783			33,783	50,972
Investments		280			280	1,538
Other income		3,640			3,640	8,106
Total income		164,990		250	165,240	209,027
Fundraising activities		16,646		6,648	23,294	65,791
Charitable activities		74,314			74,314	89,371
Total resources expended		90,960		6,648	97,608	155,162
Net incoming/(outgoing)	resources
before transfers		74,030		(6,398)	67,632	53,865
Gross transfers between	funds	(86,952)	78,701	8,251
Net (expenditure)/income	forthe year/
Net movement in funds		(12,922)	78,701	1,853	67,632	53,865
Fund balances at 1 April	2020	1,035,865	115,000	30,850	1,181,715	1,127,850
Fund balances at 31 March 2021		1,022,943	193,701	32,703	1,249,347	1,181,715

Prior financial year
			Unrestricted Unrestricted		Restricted	Total
			funds	funds	funds
			general	designated
			2020	2020	2020	2020
		Notes	E			E
Donations and legacies			7,659			7,659
Charitable activities			140,752			140,752
Other trading activities			50,972			50,972
Investments			1,538			1,538
Other income			8,106			8,106
Total income			209,027			209,027
Fundraising activities			60,915		4,876	65,791
Charitable activities			80,117		9,254	89,371
Total resources expended			141,032		14,130	155,162
Net incomingl(outgoing)	resources before
transfers			67,995		(14,130)	53,865
Gross transfers between	funds		(95,000)	95,000
Net (expenditure)/income	for the year/
Net movement in funds			(27,005)	95,000	(14,130)	53,865
Fund balances at 1 April	2019		1,062,870	20,000	44,980	1,127,850
Fund balances at 31 March 2020			1,035,865	115,000	30,850	1,181,715

				2021		2020
			Notes	E
Fixed assets
Tangible assets			13		1,933,056		1,975,313
Current assets
Stocks			14	13,997		16,768
Debtors			15	12,662
Cash at bank and	in	hand		355,700		260,143
				382,359		276,911
Creditors: amounts		falling due within
one year			17	(131,068)		(115,509)
Net current assets					251,291		161,402
Total assets less	current liabilities				2,184,347		2,136,715
Creditors: amounts		falling due after
more than one year			18		(935,000)		(955,000)
Net assets					1,249,347		1,181,715
Income funds
Restricted funds '			20		32,703		30,850
nres ed fund
Designated funds			21	193,701		115,000
General unrestricted		funds		1,022,943		1,035,865
					1,216,644		1,150,865
				'	1,249,347		1,181,715

4	Charitable a		ctivities
					Sailing	Expedition	Sailing	Total
					courses and	feescourses and		2020
					fees		fees
					2021		2020
					E
	Sailing and course fees				72,474	190	140,562	140,752
5	Other trading		activities
							2021	2020
	Membership		subscriptions				29,962	28,247
	Fundraising	events						2,764
	Shop income						3,821	19,961
	Other trading		activities				33,783	50,972
6	Investments
						Unrestricted		Unrestricted
							funds	funds
							general	general
							2021	2020
								E
	Interest receivable						280	1,538
7	Other income
						Unrestricted		Unrestricted
							funds	funds
							general	general
							2021	2020
								E
	Net gain on disposal oftangible			fixed assets			3,600	8,086
	Other income						40	20
							3,640	8,106

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			general			general
			2021f	2021 . F		2020 F	2020	2020
Fundraisin an		ici
Staging	fundraising
events'			78		78	1,764		1,764
~Tradin	costs
Operating club shop			1,086		1,086	22,477	730	23,207
Sailing	course expenses		6,560	6,648	13,208	30,221	3,500	33,721
Support	costs		8,922		8,922	6,453	646	7,099
Trading	costs		16,568	6,648	23,216	59,151	4,876	64,027
			16,646	6,648	23,294	60,915	4,876	65,791

				Charitable	Charitable
				activities	activities
				2021	2020
				E
Depreciation		and impairment		54,269	50,048
Share of	support costs (see note 10)			11,265	31,505
Share of	governance		costs (see note 10)	8,780	7,818
				74,314	89,371
Analysis	by	fund
Unrestricted		funds -	general	74,314	80,117
Restricted	funds				9,254

10	Support		costs
				2021	2021	2021	2020	2020	2020
				Support	Governance	Total	Support	Governance	Total	Basis ofallocation
				costs	costs		costs	costs
				6	9		f	6
	Bank charges			2,050		2,050	5,052		5,052	Actual basis
	Computer		costs	836		836	1,224		1,224	Actual basis
	Printing,	postage and stationery		60		60	1,276		1,276	Actual basis
	Rent &overheads			4,592		4,592	12,239		12,239	Actual basis
	Insurance			8,839		8,839	6,979		6,979	Actual basis
	Repair &		maintenance	3,716		3,716	5,409		5,409	Actual basis
	First Aid			83		83	120		120	Actual basis
	Sundry			11		11	1.333		1,333	Actual basis
	Shop stock						4,972		4,972	Actual basis
	Governing		body fess		224	224		726	726	Governance
	Professional fees				8,556	8,556		7,092	7,092	Governance
				20,187	8,780	28,967		7,818	46,422
	Analysed		between
	Trading			8,922		8,922	7,099		7,099
	Charitable		activities	11,285	8,780	20,045	31,505	7,818	39,323
				20,187	8,780	28,967	38,604	7,818	46,422

							2021	2020
							Number	Number
	Total
13	Tangible	fixed assets
					Leasehold		Fixtures,	Total
					land &	fittings, boats
					buildings		&other
							equipmentf
	Cost
	At 1 April	2020			1,963,108		460,358	2,423,466
	Additions				11,657		355	12,012
	Disposals						(29,610)	(29,610)
	At 31 March		2021		1,974,765		431,103	2,405,868
	Depreciation		and impairment
	At 1 April	2020			39,388		408,765	448,153
	Depreciation		charged	in the year	40,855		13,414	54,269
	Eliminated	in	respect ofdisposals				(29,610)	(29,610)
	At 31 March		2021		80,243		392,569	472,812
	Carrying	amount
	At 31 March		2021		1,894,522		38,534	1,933,056
	At 31 March		2020		1,923,720		51,593	1,975,313
	The carrying		value of land is not known, the combined		value of land and buildings		comprises:
							2021	2020
							f
	Long leasehold						1,894,522	1,923,720

14	Stocks
				2021		2020
				F
	Finished	goods and goods for resale		13,997		16,768
15	Debtors
				2021		2020
	Amounts	falling due within one year:
	Trade debtors			3,150
	Other debtors			1,940
	Prepayments		and accrued income	7,572	'
				12,662
16	Loans and overdrafts
				2021f		2020 E
	Concessionary		loans	955,000		975,000
	Payable	within	one year	20,000		20,000
	Payable	after	one year	935,000		955,000
	Amounts	induded above which fall due after five years:
	Payable	by instalments		855,000		875,000

17	Creditors: amounts	Creditors: amounts	falling due within one year
					2021	2020
				Notes
	Concessionary	loans			20,000	20,000
	Deferred income			19	31,620	14,338
	Trade creditors				70,542
	Other creditors				3,106	74,371
	Accruals and deferred		income		5,800	6,800
					131,068	115,509

	Other creditors indudes	Other creditors indudes	a retention of approximately	a retention of approximately	a retention of approximately	FNil	(2020: f63,000)	deducted	from the charity's	from the charity's
	building contractor's	invoices which		is payable	on completion		offinal works.
18	Creditors: amounts	falling due after more than one				year
									2021	2020
	Concessionary loans							935,000		955,000
19	Deferred income
									2021	2020f
	Arising from deferred	membership and course
	fee income							31,620		14,338
20	Restricted funds

				Movement	Movement	in funds
	Balance at	Resources	Balance at	Incoming	Resources		Transfers	Balance at
	1April 2019	expended	1 April 2020	resources	expended			31 March 2021
Covenant
fund	19,980	(14,130)	5,850			(6,648)	8,251	7,453
Building
Project fund	25,000		25,000	250				25,250
	44,980	(14,130)	30,850	250		(6,648)	8,251	32,703

					'Balance at	Transfers	Balance at	Transfers	Balance at
					1 April 2019		1 April 2020		31 March 2021
					E	E
Building fund						100,000	100,000	20,000	120,000
Asset Replenishment			fund		20,000	(5,000)	15,000		15,000
Contingency	reserve fund							20,000	20,000
Pico Fleet Replacement				fund				25,000	25,000
Site improvement		fund						13,701	13,701
					20,000	95,000	115,000	78,701	193,701

22	Analysis of net assets between funds
		Unrestricted	Designated	Restricted	Total	Unrestricted	Designated	Restricted	Total
		2021	2021	2021	2021	2020	2020	2020	2020
		6		6		6	F	6	f
	Fund balances at 31 March 2021 are represented
	by:
	Tangible assets	1,933,056			1,933,056	1,975,313			1,975,313
	Current assetsl(liabilities)	24,887	193,701	32,703	251,291	15,552	115,000	30,850	161,402
	Long term liabilities	(935,000)			(935,000)	(955,000)			(955,000)
		1,022,943	193,701	32,703	1,249,347	1,035,865	115,000	30,850	1,181,715

under non-cancellable operating leases, which fall due	as follows:
	2021	2020f
Within one year	3,000	3,000
Between two and five years	12,000	12,000
In over five years	126,000	129,000
	141,000	144,000