Trustees. Annual Report for the period 01 31 12 From To Section A Re eronce and administra'.ion de+? I- othor namès chaiity Is knfm The LRYSA Reg18ter•d n￿nb•r frfany) 1107119 Charftys prfnclpal addms Namés ofth• charfty truit••S th• charky If In Colln Maaoe Keith Lynth Anthony Gill Fiona Calon P￿sKI¢￿t Trn*ee 10 12 13 14 15 18 17 18 19 20 Nam• Dates acted If not forwhol• TAR h2012 e of advlser Nam• Nam• of chlef oxxutl￿ or narnes of S￿l0r$fa￿ mthnb•Ys (Opllonal h￿orm•￿> Section B Structure, overnance and mana ement Description ofth• tru•ts Type of g(pMniffj Truste8 soknlion ￿thodS Addltlonal gov•fflw (Opth)n41 knfornth You may choose to trKath additional infmnalim. vltwe relevanl. about: pollcles procedu adc¢)l&J tr Ihe W￿uC11￿ *)d trainlng of trustees: the charfty'$ orgaw8ational structure and any v•ider nthO￿ *ilh (*0 • relatlonshlp %ffillh rnl*d partles., trustees. consKleraliffj ol maFlX ri8ks Ihe syst and pr£¢￿ to ffi￿a them. Section C Ob"ectives and activities TO ADVANCE THE EDUCATION OF YOUNG PEOPLE IN THE LEICESTERSHIRE AND RUTLAND AREA AND IMPROVE THEIR QUALITY OF LIFE BY THE PROVISION OF FACILITIES FOR SAILING AND ! OTHER RELATED ACTIVITIES NOT OTHERWISE AVAILABLE TO THOSE YOUNG PEOPLE. Summary of the objects of the ¢harity sel out In ils gov•mlng docoHnollt TAR larch 2Q12 (Alhe ofthè The LRYSA is a tully fKknive Charity &knly by V¢JlJnteers wilh an aim to m*e dIn￿Y saty & walerspcKts ￿1b* to Ihe vknole communty. rega(d*l 89 ￿ their rtxntal orphysKa axThtses. age or LRYSA is RYA Catre S*&lity Centre that I Summary olthe maln actlvltles undertaken knth• publlc bènefft in rnlation to these objects Ilnckxl• Ihis section th• stalirtory doclaratlon that trust••s ha had rega￿ to the guidanc• issued by the Chaitty Comml$8lon on boneflt) S*¥dwrf Tr￿. ￿ 8 *) 18 to RYA Stslle 1 to 4 Tuegjay Ckkn: 55+ to RYA Lv•el 1 & 2 P(￿e￿ Level ' 1&2 Palull Lth*. RYA 1&2 Oj￿ RYA La￿1 1&2 Addltlonal d•tsll8 of obJKtre• and acllvXl•s (0OkxMI In￿n￿l You may ¢hooso to indude further statemeni8. rdevanl. abwt: pollcy on gr￿n￿ry. inve$trwrt.' contrlbukn TAR Section O Achiever.ier,.'- .) and perTormarue Summary of the main achievèments ol the char durlng the year Every ye¥ cenke has to b& insp￿￿ by the RYA to ensure that al PLxlable tL*t. txming 21Y22 (this f*)amal year) we l￿p￿ted cwi prq￿l and have stalled a dra￿age sy¥tun. waste th4y)8a S￿kn. e*(*rAty and water the dis*led. sh(£k through ¢we. D￿ng Ihe ptogressi(m Llthese wo￿$ w8 were abk to sty open all ! $eason runrmng Tegallas. (*iklM's (ath. •vJ disab￿ groups, open d￿5 ay the qxAffses h•J mainlaiiing Ihe TAR Section E Financial review Brlef $tstem8nl of th• cfjarity's policy on resems Delalls of any ftmd6 materfaly Further financial rnview det•lls (OMkwl intoM￿) You may ¢hoos• to addhional infrKmali()n, vh*rn r818vant abouL" of c. £24k. Thi5 erns be attriLxrted larg* to ￿•Shing the major r4wA to b￿￿1 a new thl)IKMJse with d18th￿ addwig elec￿ WKI water lo enth us Io pass wr wnual Inspedj'c by (wr boty The Rwal Yac*lwvJ Associ￿ {RYA). . Ihe ctWi￿5 Sources of funds any fiN￿ra131r4j). hty*V expenditu￿ has supported the kw obFcli of Ihe thaiity: in¥￿tMent prfy obleth.vej iTh*Jdiig ethical in￿StMent poky adw)ted. Section F Other optional information Section G Declaration The trustees deelaro that thoy have aA)ro¥ed th• Irustoe8' r•port abov•. Slgned on of the charws InMI• S*tsr•(s) Full nMrfs) Colft Magee Pos11k￿ leg S•cr•tary. Chalr, 25.042024 TAR 2012 ## LEICESTERSHIRE & RUTLAND YOUTH SAILING ASSOCIATION FUND ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022 **SCOTT BROWNLOW, ACMA, CGMA MARCH 2024** ## **AUDIT CERTIFICATE** ## **LEICESTERSHIRE & RUTLAND YOUTH SAILING ASSOCIATION** I certify that I have examined the financial statement, books of account and supporting records of the Leicestershire & Rutland Youth Sailing Association Account for the accounting year ended 31[st] December 2022. The accounts for the year show a cash-in-hand discrepancy of £383.68 for which the previous Treasurer was unable to determine the source of, despite best endeavors at year-end date. Since year-end date staff have made further investigations and have put forward explanations contributing towards the imbalance, e,g. purchase of paint not supported by a supplier invoice/receipt (£200.00). The explanations put forward will need to be discussed further by the Trustees and a decision taken and minuted how best to proceed, e.g. formal write-off of the difference in the current financial year. Pending a review of the situation by the Trustees, the year-end accounts have been prepared using the theoretical year-end cash-in-hand balance as per the ledgers of £528.68 and not the actual cash-in-hand balance of £145.00. A number of recommendations have been made regarding process change moving forward to prevent recurrence, these include a more regular reconciliation of cash balances to ledgers and a more frequent banking of surplus cash. Occasionally expenditure incurred is not supported by a supplier invoice or receipt. All staff involved in making purchases on behalf of the Association should be reminded of the importance of being able to demonstrate the probity of expenditure made, this is best done through the obtaining of invoices/receipts in all cases. Otherwise, I hereby certify that to the best of my knowledge and belief, the accounts are in accordance with the books, records, information and explanations supplied to me, and give a true and fair view of the Account’s activities during the accounting year. Scott Brownlow, ACMA, CGMA Auditor 20[th] March 2024 ## **Leicestershire & Rutland Youth Sailing Association** Income and Expenditure Account for the year ended 31st December 2022 |Income
Sailing Income
Bank Interest
Excess of Expenditure over Income
In Year|£
29,525.86
54.15
29,580.01
(23,377.64)
52,957.65|Expenditure
NSSA Sailing Expenses
NSSA Other Expense
New Equipment
Maintenance
JML Project Cost
JML Site Project
Building
Insurance
Bank Charges
Miscellaneous
Utilities
Postage & Delivery
Sailing Fees
Training Fees
Other
Services
Professional Fees|£
3,040.00
512.78
441.10
1,452.50
24,200.31
3,446.88
516.48
6,865.33
107.87
2,852.88
5,008.60
574.40
1,373.11
18.60
81.00
886.24
1,579.57| |---|---|---|---| ||||52,957.65| ## **Leicestershire & Rutland Youth Sailing Association** ## Balance Sheet as at 31st December 2022 |Current Assets
Notes
Debtors (Payments in Advance)
1
CAF Current Account
2
CAF Gold Account
3
Lloyds Bank Current Account
4
Cash At Bank
Fiona Caton Account
Cash In Hand
6
Total Current Assets
Less: Current Liabilities
Creditors
5
Represented by:-
Accumulated Balance b/f @ 1st January 2022
Less: Excess of Expenditure over Income in Year
Accumulated Balance c/f @ 31st December 2022|£
1,597.58
16,786.35
223.03|£
4,168.68
18,606.96
0.00
528.68| |---|---|---| ||£|| |||23,304.32
(444.00)| |||22,860.32| |||£
46,237.96
(23,377.64)| |||22,860.32| ## **Leicestershire & Rutland Youth Sailing Association** ## Notes to the 2022 Accounts ## - 1. Year End Debtors The year-end debtors figure in the balance sheet comprises: |The year-end debtors figure in the balance sheet comprises:||| |---|---|---| |2022-05 - Orchard Mead Academy
2022-09 (part) - Charnwood Facilities Grant
2022-15 - Dovetree School
2022-17 (part) - Team Kit
2022-32 - Quickbooks Donation
2022-33 - Christmas Meals
2. Bank Reconciliation-CAF Current Account 00025558
Balance at 31st December 2022 as per statement no. 100
Add: amounts not yet credited
SUB-TOTAL
Less unpresented cheques:
Adjusted Bank Balance as at 31st December 2022
3. Bank Reconciliation-CAF Gold Account 00098044
Balance at 31st December 2022 as per statement no. 99
Add: amounts not yet credited
SUB-TOTAL
Less unpresented cheques:
Adjusted Bank Balance as at 31st December 2022|£
NIL|£
720.00
1,291.00
1,595.00
56.50
356.18
150.00| |||4,168.68| |||£
1,597.58
0.00| |||1,597.58
(0.00)| ||£
NIL|| |||1,597.58| |||£
16,786.35
0.00| |||16,786.35
(0.00)| |||| |||16,786.35| |4. Bank Reconciliation-Lloyds Bank Current Account 08396568
£
Balance at 31st December 2022 as per statement no. 136
Add: amounts not yet credited
SUB-TOTAL
Less unpresented cheques:
NIL
Adjusted Bank Balance as at 31st December 2022
5. Year-End Creditors
Motor Trolleys
6. Cash Discrepancy
Cash in hand at year-end as per ledgers
Actual cash in hand (and banked in 2023 financial year)
Cash discrepancy
The year-end creditors figure in the balance sheet comprises:|4. Bank Reconciliation-Lloyds Bank Current Account 08396568
£
Balance at 31st December 2022 as per statement no. 136
Add: amounts not yet credited
SUB-TOTAL
Less unpresented cheques:
NIL
Adjusted Bank Balance as at 31st December 2022
5. Year-End Creditors
Motor Trolleys
6. Cash Discrepancy
Cash in hand at year-end as per ledgers
Actual cash in hand (and banked in 2023 financial year)
Cash discrepancy
The year-end creditors figure in the balance sheet comprises:|£
223.03
0.00| |---|---|---| |
Balance at 31st December 2022 as per statement no. 136
Add: amounts not yet credited
SUB-TOTAL
Less unpresented cheques:
Adjusted Bank Balance as at 31st December 2022
5. Year-End Creditors
Motor Trolleys
6. Cash Discrepancy
Cash in hand at year-end as per ledgers
Actual cash in hand (and banked in 2023 financial year)
Cash discrepancy
The year-end creditors figure in the balance sheet comprises:||| |||223.03
(0.00)| |||| |||223.03| |||£
444.00| |||444.00| |||£
528.68
145.00| |||383.68| ## **AUDIT CERTIFICATE** ## **LEICESTERSHIRE & RUTLAND YOUTH SAILING ASSOCIATION** I certify that I have examined the financial statement, books of account and supporting records of the Leicestershire & Rutland Youth Sailing Association Account for the accounting year ended 31[st] December 2022. The accounts for the year show a cash-in-hand discrepancy of £383.68 for which the previous Treasurer was unable to determine the source of, despite best endeavors at year-end date. Since year-end date staff have made further investigations and have put forward explanations contributing towards the imbalance, e,g. purchase of paint not supported by a supplier invoice/receipt (£200.00). The explanations put forward will need to be discussed further by the Trustees and a decision taken and minuted how best to proceed, e.g. formal write-off of the difference in the current financial year. Pending a review of the situation by the Trustees, the year-end accounts have been prepared using the theoretical year-end cash-in-hand balance as per the ledgers of £528.68 and not the actual cash-in-hand balance of £145.00. A number of recommendations have been made regarding process change moving forward to prevent recurrence, these include a more regular reconciliation of cash balances to ledgers and a more frequent banking of surplus cash. Occasionally expenditure incurred is not supported by a supplier invoice or receipt. All staff involved in making purchases on behalf of the Association should be reminded of the importance of being able to demonstrate the probity of expenditure made, this is best done through the obtaining of invoices/receipts in all cases. Otherwise, I hereby certify that to the best of my knowledge and belief, the accounts are in accordance with the books, records, information and explanations supplied to me, and give a true and fair view of the Account’s activities during the accounting year. Scott Brownlow, ACMA, CGMA Auditor 20[th] March 2024