**REGISTERED COMPANY NUMBER: 05235483 (England and Wales) REGISTERED CHARITY NUMBER: 1106865**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Blackwell Sailing
Cumbria CVS Shaddongate Resource Centre Carlisle Cumbria CA2 5TY
Blackwell Sailing
## Contents of the Financial Statements for the Year Ended 31 March 2021
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Balance Sheet||7||
|Notes to the Financial Statements|8|to|15|
|Detailed Statement of Financial Activities||16||
Blackwell Sailing
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of Blackwell Sailing as set out in the Governing Document are:
" to provide sailing and other outdoor activities for people with disabilities
- " to provide appropriate support and facilities for this
- " to promote participation on equal terms by encouraging independence
- " to carry out other charitable purposes to improve the condition of life of such persons as the trustees may determine
To this end the charity raises funds, organises and facilitates evening and daytime sailing sessions on Windermere (April-October) with volunteer support and under the supervision of a qualified RYA Senior Sailing Instructor. The charity also provides opportunities for sailing members to pursue other outdoor activities such as canoeing, camping and walking (through the winter months). All activities are supported by volunteers. Approximately 40 volunteers are involved in various roles, including the abovementioned, boat maintenance and fundraising. Their contribution is essential to the running of the charity.
Page 1
Blackwell Sailing
for the Year Ended 31 March 2021
## Report of the Trustees
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## Charitable activities
The new financial year and the 2020 sailing season began, not surprisingly, in the most difficult and frustrating circumstances as the whole country was locked down due to the Covid19 pandemic. We were unable to run activities, so took advantage of the government's Job Retention Scheme in order to protect the charity from financial decline. All we could do was to keep in touch with each other and with our beneficiaries by telephone and online contact.
Following advice from the RYA and accepting offers of assistance from them in the planning of it, we were able to launch some of our boats again in late September. With Covid-secure measures in place we were then able to sail with some of our independent sailors throughout October. Those few who were able and confident enough to sail with us were very appreciative as they had been shielding themselves from the virus for many months and had very few options available in the outdoor environment. Most of our volunteer team did not return in 2020. Many were categorised as "vulnerable" due to their age, but in order to run sessions for independent sailors we only needed one volunteer (to assist the senior instructor) for each sailing session, so this was not a problem.
We continue to receive much support from our landlords and benefactors, Harold and Janet Lefton. They give us the use of our excellent sailing base which incorporates workshop and office space. Local donations were received from Windermere Rotary (for new outboard motors), Will Clark, Masonic Foundation (for a new jetty hoist) and Cumbria Community Foundation (for salary funding). We also received small donations from our sailing members each time they came sailing. Larger grants were given by Baily Thomas Charitable Fund and Outdoors for All. We received government support, via South Lakeland District Council, for different periods of the pandemic that came to a total of £19,669.
The Charity continues to employ David Hall as Manager and Principal Instructor and he also acts as Company Secretary. Since April 2019 David has reduced to part time hours (now 3 days) as he approaches retirement and Amanda Wilson was employed as Assistant Manager until November 2020. Unfortunately, she then had to resign for health reasons. Both David and Amanda had been able to take their Emergency First Aid course in August with some grant funding from the RYA Foundation.
During our very short season we did not use freelance instructors. We enlisted the help of 12 experienced volunteers to help with maintenance, admin tasks and the few sailing sessions we had. A total of only 7 people benefitted, but we felt that we had taken a significant step forward, because with our special measures in place we knew that we would be able to start sailing again promptly in April 2021 and then hoped to build the activities up again as quickly as possible after that.
As a result of the full MAIB report into the tragic accident of 2019 (released 17th December 2020) we followed the recommendation to conduct a thorough review of our safety management system. Over the winter months our principal instructor, with help from an independent consultant and funded by the RYA, reviewed and re-formatted our Risk Assessment and Standard Operating Procedures documents. The new documents and procedures take into consideration all safety issues highlighted in the report.
## **FINANCIAL REVIEW**
## **Financial position**
Blackwell Sailing had an income of £76,421 (£42,594 in 2019/20) and expenses of £43,171(£67,469 in 2019/20) after depreciation of Fixed Assets £3,149 (£2683 in 2019/20) Total expenditure was below 2019/20 levels due to significant reduction in activity and the unexpected resignation of our assistant manager, Amanda. Income increased due to government support during the pandemic.
Reserves carried forward are £117,888 (£84,638 in 2019/20) of which £59,823 are fixed assets (£50,972 in 2019/20) with the majority of the balance being our cash reserves of £56,615. The income had been more than sufficient to cover our fixed recurring costs through the year and we continue to actively pursue funding from our varied supporter base to maintain our operational financial health into the future.
## **Principal funding sources**
We continued to be supported by Sir John Fisher Foundation, Cumbria Community Foundation and Outdoors for All.
Page 2
Blackwell Sailing
Report of the Trustees for the Year Ended 31 March 2021
## **FINANCIAL REVIEW**
We aim to have between 9 and 12 months funding in reserve. If cash reserves fall below 50% of our fixed recurring costs level (approximately £27,000) we will discuss the situation with the trustees and formulate a strategy to raise additional funds together with a review of our expenditure to maintain our future viability.
## **FUTURE PLANS**
Our plans for the 2021 season are considerably more confident than they were for last year, despite the fluctuations and continuation of the Covid19 pandemic. Some boats are now launched and ready for use and we can offer sailing and canoeing to some of our sailing members while continuing to be cautious and initially not having to mix different household bubbles in the same boat. As time goes on we expect to be able to invite our regular groups to return and we know that our activities will play an essential part in helping local people with disabilities recover from what has been for most a very difficult and restricting time. We are entering into discussions with The Royal Windermere Yacht Club, who have assisted us in the past, to discuss further support. We hope to be able to run some sailing sessions from their premises during the 2021 season when the group sailing is able to start again.
There are some, even with underlying health conditions who are still prepared to
come sailing again with us, but we do have to start the activity again with great caution. Volunteer training is again possible and a very important part of our start-up plans as most have not sailed the boats or performed safety boat duty since 2019. First Aid, supervised practice sessions in the Whammel boats and safety boat refresher training are planned for the first part of the 2021 season.
The Trustees will continue to employ David as part-time manager with support, where necessary, from freelance instructors. We will continue to offer the sailing and canoeing sessions to groups and individuals here on Windermere. We will also focus on the quality of our teaching and make further improvements to our equipment and facilities. The charity will continue to operate on a non-commercial basis working with volunteers and maintaining partnerships with other local groups. The charity will be needs-led and client-centred in its approach.
As our manager, David Hall, approaches retirement age he will continue to work a 3 day week and to share more of the work with volunteers, freelance instructors and the trustees where they are able to assist him. He intends to retire in February 2022 so we will advertise his position well before that time and appoint a new manager in January 2022. We have appointed a new trustee, Dr David Riddell, to our management team at the start of the financial year. David has been a volunteer for several years and has worked as a GP.
We are very grateful to Sir John Fisher Foundation, Baily Thomas Charitable Fund, Outdoors for All and Cumbria Community Foundation for their contributions towards our core funding for the 2020 season. They have all been very supportive through these uncertain times and generous in their understanding that we have not been able to spend grant funding as expected in 2020. We will continue to tap into the support we can find locally, look for new sources of funding and raise some ourselves through local groups and sponsored events. When we are next able to do so we will enter the London Marathon Lottery again, with Virgin Money Giving. We intend to up-date our website and encourage more support for the charity through social media and by our on-line sponsor page registered with Virgin Money Giving. Gift Aid can be added automatically to most donations via that route.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The governing document for the charity is the Memorandum and Articles of Association. The charity is a company limited by guarantee and not having a share capital, as defined by the Companies Act 2006. Trustees are elected by the board and the members at the AGM. All trustees have an existing or future interest in the aims and activities of the charity. New trustees receive an induction pack and all trustees review the activities of the charity. The trustees meet 3-4 times a year and decisions are made at those meetings. The trustees regularly review the risks to which the charity is exposed and procedures are in force to manage those risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 05235483 (England and Wales)
Page 3
Blackwell Sailing
Report of the Trustees for the Year Ended 31 March 2021
**Registered Charity number** 1106865
## **Registered office**
Cockshott Wood Glebe Road Bowness on Windermere Cumbria LA23 3HE
## **Trustees**
G A Pardoe Chair J Manning C Gibson D H Nuttal Treasurer (resigned 31.12.20) S Johnson D J Ridlell (appointed 27.5.20) J E Currin Treasurer (appointed 1.1.21)
## **Company Secretary**
D C Hall
## **Independent Examiner**
Cumbria CVS Shaddongate Resource Centre Carlisle Cumbria CA2 5TY
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... G A Pardoe - Trustee
Page 4
Independent Examiner's Report to the Trustees of Blackwell Sailing
## **Independent examiner's report to the trustees of Blackwell Sailing ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alan Stubbs FCMA Chartered Management Accountant Cumbria CVS Shaddongate Resource Centre Carlisle Cumbria CA2 5TY
Date: .............................................
Page 5
Blackwell Sailing
## Statement of Financial Activities for the Year Ended 31 March 2021
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
42,062
Other trading activities
3
-
Other income
14,360
**Total**
56,422
**EXPENDITURE ON**
**Charitable activities**
4
Charitable Activities
600
Running Costs
42,348
**Total**
42,948
**NET INCOME/(EXPENDITURE)**
13,474
**Transfers between funds**
13
11,314
**Net movement in funds**
24,788
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
71,529
**TOTAL FUNDS CARRIED FORWARD**
96,317|Restricted
funds
£
19,999
-
-
19,999
-
223
223
19,776
(11,314)
8,462
13,109
21,571|31.3.21
Total
funds
£
62,061
-
14,360
76,421
600
42,571
43,171
33,250
-
33,250
84,638
117,888|31.3.20
Total
funds
£
39,999
2,595
-
42,594
-
67,469
67,469
(24,875)
-
(24,875)
109,513
84,638|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## Blackwell Sailing
## Balance Sheet
## 31 March 2021
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
10
56,270
**CURRENT ASSETS**
Debtors
11
2,150
Cash at bank and in hand
33,366
35,516
**CREDITORS**
Amounts falling due within one year
12
4,531
**NET CURRENT ASSETS**
40,047
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
96,317
**NET ASSETS**
96,317
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
3,553
-
23,249
23,249
(5,231)
18,018
21,571
21,571|31.3.21
Total
funds
£
59,823
2,150
56,615
58,765
(700)
58,065
117,888
117,888
96,317
21,571
117,888|31.3.20
Total
funds
£
50,972
2,150
32,216
34,366
(700)
33,666
84,638
84,638
71,529
13,109
84,638|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
............................................. G A Pardoe - Trustee
Page 7
Blackwell Sailing
Notes to the Financial Statements for the Year Ended 31 March 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost Fixtures and fittings - 5% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
## Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
|**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Lakeland Disability Support
Sir John Fisher Foundation
Baily Thomas Charitable Fund
Cumbria Community Foundation
Windermere Rotary
RYA Foundation
John Barker
Outdoors For All
South Lakeland District Council
Masonic Foundation
**3.**
**OTHER TRADING ACTIVITIES**
Activity Holiday & Fundraising Events
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activities
Running Costs|31.3.21
31.3.20
£
£
12,440
6,696
-
1,138
49,621
32,165
62,061
39,999
31.3.21
31.3.20
£
£
-
2,000
-
22,000
15,000
-
5,000
3,665
2,284
-
253
-
-
2,000
5,000
2,500
19,669
-
2,415
-
49,621
32,165
31.3.21
31.3.20
£
£
-
2,595
Support
Direct
costs (see
Costs
note 5)
Totals
£
£
£
600
-
600
41,871
700
42,571
42,471
700
43,171|31.3.21
31.3.20
£
£
12,440
6,696
-
1,138
49,621
32,165
62,061
39,999
31.3.21
31.3.20
£
£
-
2,000
-
22,000
15,000
-
5,000
3,665
2,284
-
253
-
-
2,000
5,000
2,500
19,669
-
2,415
-
49,621
32,165
31.3.21
31.3.20
£
£
-
2,595
Support
Direct
costs (see
Costs
note 5)
Totals
£
£
£
600
-
600
41,871
700
42,571
42,471
700
43,171|
|---|---|---|
|||43,171|
continued...
Page 9
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **5. SUPPORT COSTS**
## **6.**
|**SUPPORT COSTS**|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Running Costs||700|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||31.3.21|31.3.20|
||£|£|
|Depreciation - owned assets|3,149|2,683|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Charity Manager
Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
14,839
Other trading activities
-
**Total**
14,839
**EXPENDITURE ON**
**Charitable activities**
Running Costs
26,692
**NET INCOME/(EXPENDITURE)**
(11,853)
**Transfers between funds**
1,135|31.3.21
1
1
2
Restricted
funds
£
25,160
2,595
27,755
40,777
(13,022)
(1,135)|31.3.20
1
1
2
Total
funds
£
39,999
2,595
42,594
67,469
(24,875)
-|
|---|---|---|
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 10
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||fund|funds|funds|
||||||£|£|£|
||**Net movement in funds**||||(10,718)|(14,157)|(24,875)|
||**RECONCILIATION OF FUNDS**|||||||
||**Total funds brought forward**||||82,247|27,266|109,513|
||**TOTAL FUNDS CARRIED FORWARD**||||71,529|13,109|84,638|
|**10.**|**TANGIBLE FIXED ASSETS**|||||||
||||||Fixtures|||
|||Short|||and|Boats and||
|||leasehold|||fittings|Equipment|Totals|
|||£|||£|£|£|
||**COST**|||||||
||At 1 April 2020|73,429|||45,973|55,305|174,707|
||Additions|||-|-|12,000|12,000|
||At 31 March 2021|73,429|||45,973|67,305|186,707|
||**DEPRECIATION**|||||||
||At 1 April 2020|73,430|||22,363|27,942|123,735|
||Charge for year|||-|1,315|1,834|3,149|
||At 31 March 2021|73,430|||23,678|29,776|126,884|
||**NET BOOK VALUE**|||||||
||At 31 March 2021||(1)||22,295|37,529|59,823|
||At 31 March 2020||(1)||23,610|27,363|50,972|
|**11.**|**DEBTORS: AMOUNTS FALLING DUE**|**WITHIN ONE YEAR**||||||
|||||||31.3.21|31.3.20|
|||||||£|£|
||Prepayments|||||2,150|2,150|
continued...
Page 11
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||||£|£|
||Other creditors|||1|1|
||Accrued expenses|||699|699|
|||||700|700|
|**13.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.20|in funds|funds|31.3.21|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|71,529|13,474|11,314|96,317|
||**Restricted funds**|||||
||Activity Holiday 12|56|(1)|(55)|-|
||Sir John Fisher Foundation|10,908|-|(10,908)|-|
||Awards For All|351|-|(351)|-|
||Baily Thomas|-|15,000|-|15,000|
||Volunteer Training|949|(223)|-|726|
||Kit and Aids|91|-|-|91|
||Vital Group|754|-|-|754|
||Outdoors for All|-|5,000|-|5,000|
|||13,109|19,776|(11,314)|21,571|
||**TOTAL FUNDS**|84,638|33,250|-|117,888|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||56,422|(42,948)|13,474|
||**Restricted funds**|||||
||Activity Holiday 12||(1)|-|(1)|
||Baily Thomas||15,000|-|15,000|
||Volunteer Training||-|(223)|(223)|
||Outdoors for All||5,000|-|5,000|
||||19,999|(223)|19,776|
||**TOTAL FUNDS**||76,421|(43,171)|33,250|
continued...
Page 12
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **13. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Activity Holiday 12
Sir John Fisher Foundation
Awards For All
St James Place Foundation
Will Clark Fund
Volunteer Training
Kit and Aids
Vital Group
**TOTAL FUNDS**|At 1.4.19
£
82,247
250
10,908
10,000
4,500
-
949
254
405
27,266
109,513|Net
movement
in funds
£
(11,853)
(1,194)
(13,174)
-
-
1,160
-
(163)
349
(13,022)
(24,875)|Transfers
between
funds
£
1,135
1,000
13,174
(9,649)
(4,500)
(1,160)
-
-
-
(1,135)
-|At
31.3.20
£
71,529
56
10,908
351
-
-
949
91
754|
|---|---|---|---|---|
|||||13,109|
|||||84,638|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|14,839|(26,692)|(11,853)|
|**Restricted funds**||||
|Activity Holiday 12|2,595|(3,789)|(1,194)|
|Sir John Fisher Foundation|22,000|(35,174)|(13,174)|
|Will Clark Fund|1,160|-|1,160|
|Kit and Aids|-|(163)|(163)|
|Vital Group|2,000|(1,651)|349|
||27,755|(40,777)|(13,022)|
|**TOTAL FUNDS**|42,594|(67,469)|(24,875)|
continued...
Page 13
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.4.19|in funds|funds|31.3.21|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|82,247|1,621|12,449|96,317|
|**Restricted funds**|||||
|Activity Holiday 12|250|(1,195)|945|-|
|Sir John Fisher Foundation|10,908|(13,174)|2,266|-|
|Awards For All|10,000|-|(10,000)|-|
|Baily Thomas|-|15,000|-|15,000|
|St James Place Foundation|4,500|-|(4,500)|-|
|Will Clark Fund|-|1,160|(1,160)|-|
|Volunteer Training|949|(223)|-|726|
|Kit and Aids|254|(163)|-|91|
|Vital Group|405|349|-|754|
|Outdoors for All|-|5,000|-|5,000|
||27,266|6,754|(12,449)|21,571|
|**TOTAL FUNDS**|109,513|8,375|-|117,888|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|71,261|(69,640)|1,621|
|**Restricted funds**||||
|Activity Holiday 12|2,594|(3,789)|(1,195)|
|Sir John Fisher Foundation|22,000|(35,174)|(13,174)|
|Baily Thomas|15,000|-|15,000|
|Will Clark Fund|1,160|-|1,160|
|Volunteer Training|-|(223)|(223)|
|Kit and Aids|-|(163)|(163)|
|Vital Group|2,000|(1,651)|349|
|Outdoors for All|5,000|-|5,000|
||47,754|(41,000)|6,754|
|**TOTAL FUNDS**|119,015|(110,640)|8,375|
continued...
Page 14
Blackwell Sailing
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 15
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
## Blackwell Sailing
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2021|||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|12,440|6,696|
|Gift aid|-|1,138|
|Grants|49,621|32,165|
||62,061|39,999|
|**Other trading activities**|||
|Activity Holiday & Fundraising Events|-|2,595|
|**Other income**|||
|HMRC JRS Furlough|14,360|-|
|**Total incoming resources**|76,421|42,594|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|24,694|30,545|
|Social security|4,123|6,470|
|Pensions|2,317|3,277|
|Insurance|2,805|2,529|
|Telephone|169|536|
|Postage and stationery|-|216|
|Sundries|42|-|
|Activity Holiday|-|5,243|
|Service and Repairs|1,672|2,859|
|Petrol|-|233|
|Training|223|-|
|Registration Fees|40|396|
|Freelance Instructor|-|5,248|
|Travel|-|2,425|
|Membership Fees|235|-|
|Payroll Processing|1,073|492|
|Encroachment|1,719|1,684|
|Running Costs|210|1,933|
|Fixtures and fittings|1,315|1,384|
|Depn of Boats and Equipment|1,834|1,299|
||42,471|66,769|
|**Support costs**|||
|**Governance costs**|||
|Accountancy and legal fees|700|700|
|Total resources expended|43,171|67,469|
|**Net income/(expenditure)**|33,250|(24,875)|
This page does not form part of the statutory financial statements
Page 16