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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1110757

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

YORKSHIRE DALES SAILING CLUB

Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND

YORKSHIRE DALES SAILING CLUB

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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 17
Detailed Statement of Financial Activities 18 to 19

YORKSHIRE DALES SAILING CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 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 object of the club is to promote and facilitate community participation in healthy recreation by providing facilities for sailing, windsurfing and non-powered water sports. As a result the Trustees regard this to be for the public benefit.

Significant activities

The Covid pandemic has curtailed some of our normal open meetings, however the club racing is as strong as ever. The club has benefited by £18,636 of local government grants which have been put to good use by improving the club's facilities:

Public benefit

In planning the activities for the year the Trustees have paid due regard to The Charity Commissions guidance on public benefit. In particular they are continually looking at ways to promote the club's activities within both the local and wider community including through schools, clubs and other organisations. The charity hosts various open meetings and events per year.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

There were notable achievements by our youth who managed success away from the club:

Esme Barraclough: 11th RS200 Youth Nationals / 4th Junior 2nd Female boat / 23rd Feva Nationals 3rd Mixed boat / 6th ET Team racing

Oliver Rayner : With Alice Davies (Helm) 2nd Youth in 420 Nationals / Topboat in 420 rolling rankings in UK Will Bailey : With Matt Rayner 1st under 17 420 UK events

Tilder Brayshaw: Good results in the 420 class

Page 1

YORKSHIRE DALES SAILING CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

FINANCIAL REVIEW

Financial position

Details of the income and expenditure of the club for the year is per the attached financial statements. The main regular source of income of the club is from its member's subscriptions which in 2021, including Gift Aid reclaimable thereon, amounted to £87,576 (2020: £76,228). In addition it received grants and donations totalling £37,810 including Gift Aid reclaimable thereon (2020: £14,144).

Expenditure on charitable activities including allocated support and governance costs in the year amounted to £100,682 (2020: £75,846). The costs of raising funds including allocated support and governance costs amounted to £27,340 (2020: £10,863).

Overall the club had income in excess of expenditure in the year of £13,918 (2020: £9,716).

Of the accumulated unrestricted funds, £354,056 represents a designated fund in connection with the New Boathouse, which is being released to the members general fund on an annual basis. In equal instalments over the remaining period of the underlying lease and in line with the depreciation policy on the boathouse.

The club had total unrestricted funds of £566,398 as at 31 December 2021 (2020: £552,480).

In the opinion of the Trustees the financial position of the club is satisfactory.

Investment policy and objectives

From time to time the Trustees review the monies held and wherever possible, subject to day to day requirements, transfer any surplus funds to deposit account. The Trustees consider that an adequate rate of return is received on the monies held on deposit, bearing in mind the low level of risk and the need to have these monies readily accessible, in order to fund the ongoing development and running costs of the club.

Reserves policy

Free reserves, which are considered to equate to net current assets in the accounts, totalled £42,797 at the year end, of which £47,634 is represented by cash and bank balances. The Trustees consider free reserves need to be maintained at a level sufficient to meet essential annual establishment, maintenance and capital costs to enable the Club to continue to provide its activities each year, and continue to aim to meet that level of free reserves.

Going concern

The Charity has been experiencing the effects of the Coronavirus pandemic. The Trustees believe they have taken all possible steps to protect the Charity including accessing grants from the Government of £18,636 (2020: £10,000). The Charity's finances are sufficiently healthy and the going concern basis is considered appropriate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Yorkshire Dales Sailing Club is unincorporated and is governed by it's constitution, as amended on 12 March 2008, which was originally adopted on 24 January 2005. It became a registered charity on 8 August 2005.

Page 2

YORKSHIRE DALES SAILING CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure and Decision Making

The Management Committee which meets at least every two months is responsible for managing the affairs of the club in accordance with its rules and constitution.The Management Committee consists of the Officers, ex officio and not less than four Full or Family members of the club elected at the Annual General Meeting each year to hold office until the termination of the next following Annual General Meeting.

The officers of the club consist of a Commodore, a Vice-Commodore, a Rear-Commodore, an Honorary Secretary and an Honorary Treasurer. They are Full or Family members of the Club and are elected at the Annual General Meeting each year and hold office for one year, retiring at the termination of the next following Annual General Meeting. All Officers of the Club are eligible for re-election.

Whilst the election of the Officers and Members of the Management Committee is by the Members at the Annual General Meeting if for any reason a casual vacancy occurs, the Management Committee may co-opt a Full or Family member to fill such a vacancy until the next following Annual General Meeting.

The Trustees of the club are appointed by the Management Committee from the Full, Family or Honorary Members who are willing to be so appointed. A Trustee holds office during their lifetime or until they resign by notice in writing to the Management Committee, or until a resolution removing them from office shall be passed at a meeting of the Management Committee by a majority comprising two thirds of the Members present and entitled to vote.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1110757

Principal address

23 Fennell Grove Ripon North Yorkshire HG4 2TE

Trustees

Philip Whitehead Andrew Graham Straton Keith Duncan Escritt Jonathan Lister Mike Saul

Independent Examiner

Gavin Bell BA ACA Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND

Page 3

YORKSHIRE DALES SAILING CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Approved by order of the board of trustees on 17 March 2022 and signed on its behalf by:

Philip Whitehead - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORKSHIRE DALES SAILING CLUB

Independent examiner's report to the trustees of Yorkshire Dales Sailing Club

I report to the charity trustees on my examination of the accounts of Yorkshire Dales Sailing Club (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Gavin Bell BA ACA Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND

17 March 2022

Page 5

YORKSHIRE DALES SAILING CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
125,386
Charitable activities
5
Charitable activities
377
Other trading activities
3
16,169
Investment income
4
8
Total
141,940
EXPENDITURE ON
Raising funds
6
27,340
Charitable activities
7
Charitable activities
100,682
Total
128,022
NET INCOME
13,918
RECONCILIATION OF FUNDS
Total funds brought forward
552,480
TOTAL FUNDS CARRIED FORWARD
566,398		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
100
100		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
125,386
90,372
377
80
16,169
5,943
8
30
141,940
96,425
27,340
10,863
100,682
75,846
128,022
86,709
13,918
9,716
552,580
542,864
566,498
552,580		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
125,386
90,372
377
80
16,169
5,943
8
30
141,940
96,425
27,340
10,863
100,682
75,846
128,022
86,709
13,918
9,716
552,580
542,864
566,498
552,580
96,425
10,863
75,846
86,709
9,716
542,864
552,580

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

YORKSHIRE DALES SAILING CLUB

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
592,150
550
20,565
47,534
68,649
(25,952)
42,697
634,847
(68,449)
566,398		 Restricted
fund
£
-
-
-
100
100
-
100
100
-
100		 31.12.21
Total
funds
£
592,150
550
20,565
47,634
68,749
(25,952)
42,797
634,947
(68,449)
566,498
566,398
100
566,498		 31.12.20
Total
funds
£
600,371
1,210
18,924
40,434
60,568
(23,418)
37,150
637,521
(84,941)
552,580
552,480
100
552,580

The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2022 and were signed on its behalf by:

Philip Whitehead - Trustee

The notes form part of these financial statements

Page 7

YORKSHIRE DALES SAILING CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling £, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

At the time of signing these accounts the Trustees are of the opinion that the Charity will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Income recognition

All income is recognised in the statement of financial activities in the year in which it is receivable. This is when the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Grants receivable which are conditional are only recognised in the statement of financial activities when the conditions attaching to them have been met and the charity becomes unconditionally entitled thereto.

Donated assets are included at their estimated value to the charity when received, being the price it estimates that it would have to pay for them in the open market.

Expenditure recognition

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 settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on the accruals basis.

The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Expenditure is allocated to a particular activity where it relates directly to that activity.

Where expenditure, including support and governance costs, cannot be directly attributed to a particular activity it has been allocated to activities on a basis consistent with the use of the resources and the time spent on each activity.

Expenditure on raising funds comprises of those costs incurred in attracting voluntary income and includes both direct costs and support and governance costs apportioned thereto.

Expenditure on charitable activities comprises of the costs incurred by the charity in the delivery of its activities and includes both direct costs and support and governance costs apportioned to those activities.

Support costs are those costs that whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. In the main support costs comprise of general management, finance and administration costs.

continued...

Page 8

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

Expenditure recognition

Governance costs are those costs associated with the governance arrangements of the charity and are primarily associated with meeting its constitutional and statutory requirements.

Tangible fixed assets and depreciation

Fixed assets are stated at cost less accumulated depreciation.

In the case of the new boathouse cost includes those costs incurred in arranging finance to fund the construction.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

New boathouse - on straight line basis over remainder of 40 year lease term New boathouse furniture, equipment, fixtures & fittings - 10% on reducing balance Vehicles - 20% on reducing balance

Boats and equipment - 20% on reducing balance

Stocks

Stock is included at the lower of cost or net realisable value.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds are incoming resources receivable or generated for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Financial instruments

Financial assets and liabilities are recognised at the amounts expected to be received or paid in their settlement. In the case of the bank loan the amount payable is considered to represent the fair value of the loan.

continued...

Page 9

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

2.
DONATIONS AND LEGACIES
Members subscriptions
Gift aid on subscriptions
Grant and donations (including gift aid) - Unrestricted
Grants and Donations (including Gift Aid):
Unrestricted:
Training
Other
3.
OTHER TRADING ACTIVITIES
Galley and catered events
Sale of calenders, christmas cards and miscellaneous
4.
INVESTMENT INCOME
UK bank interest and other interest		 31.12.21
£
71,395
16,181
37,810
125,386		 31.12.20
£
61,467
14,761
14,144
90,372
31.12.21 31.12.20
£ £
18,618 4,144
19,192 10,000
37,810 14,144
31.12.21
£
15,589
580
16,169
31.12.21
£
8		 31.12.20
£
5,204
739
5,943
31.12.20
£
30

continued...

Page 10

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

5. INCOME FROM CHARITABLE ACTIVITIES

31.12.21 31.12.20
Activity £ £
Day sailing fees and
equipment hire Charitable activities 377 80

The club does not charge entry fees in respect of open events but invites participants to make a donation to the club. Such donations received are included within unrestricted donations per note 2.

6. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
31.12.21 31.12.20
£ £
Galley costs 20,348 7,436
Other event costs 4,219 488
Allocation of governance and support costs 2,773 2,939
27,340 10,863
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activities 100,682

7. CHARITABLE ACTIVITIES COSTS

Included in Charitable expenditure are governance and other support costs totalling £4,439 (2020: £5,235).

8. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees have been paid any remuneration or received any other benefits in kind from the charity (2020 - same).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 (2020 - same).

continued...

Page 11

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

9. STAFF COSTS AND NUMBERS

The charity had no employees during the year (2020 - same)

10. TANGIBLE FIXED ASSETS

COST
At 1 January 2021
Additions
Disposals
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Furniture,
equipment,
fixtures
Boathouse
& fittings
£
£
751,829
57,850
6,790
10,454
-
-
758,619
68,304
214,920
27,629
19,348
3,495
-
-
234,268
31,124
524,351
37,180
536,909
30,221		 Motor
vehicles
£
2,387
1,400
(862)
2,925
769
506
(393)
882
2,043
1,618		 Boats and
equipment
£
111,840
3,557
(500)
114,897
80,217
6,604
(500)
86,321
28,576
31,623		 Totals
£
923,906
22,201
(1,362)
944,745
323,535
29,953
(893)
352,595
592,150
600,371

The boathouse was constructed on land owned by Yorkshire Water, over which a forty year lease was granted to the Club in December 2008.

11. STOCKS

Miscellaneous stock

31.12.21 31.12.20
£ £
550 1,210

continued...

Page 12

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Other debtors 1,183 1,447
Prepayments and accrued income 19,382 17,477
20,565 18,924
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans and overdrafts (see note 15) 12,916 14,275
Other creditors 13,036 9,143
25,952 23,418
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans (see note 15) 65,949 77,441
Other creditors 2,500 7,500
68,449 84,941
15. LOANS
An analysis of the maturity of loans is given below:
31.12.21 31.12.20
£ £
Amounts falling due within one year on demand:
Bank loans 12,916 14,275
Other loans 2,500 -
15,416 14,275
Amounts falling between one and two years:
Bank loans - 1-2 years 12,996 14,276
Other loans - 1-2 years 2,500 -
15,496 14,276
Amounts falling due between two and five years:
Bank loans - 2-5 years 39,227 42,827
Other loans - 2-5 years - 7,500
39,227 50,327

continued...

Page 13

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

15. LOANS - continued
31.12.21 31.12.20
£ £
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 13,726 20,338
16. SECURED DEBTS
The following secured debts are included within creditors:
31.12.21 31.12.20
£ £
Bank loans 78,865 91,716

The bank loan represents a mortgage loan secured on the charities leasehold property. The loan is repayable in quarterly instalments, which commenced on 1 June 2010, over a period of nineteen years. Additional repayments have been made in previous years, which will ultimately result in the loan being repaid over a shorter period. Interest on this loan is payable at the rate of 1½% over base.

17. MOVEMENT IN FUNDS

Unrestricted funds
Members general fund
Boathouse (Club Development)
Boathouse major repair and refurbishment
Sponsorship of Members
Restricted funds
Helping underprivileged children to sail
TOTAL FUNDS		 At 1.1.21
£
174,311
367,169
10,000
1,000
552,480
100
552,580		 Net
movement
in funds
£
27,031
(13,113)
-
-
13,918
-
13,918		 At
31.12.21
£
201,342
354,056
10,000
1,000
566,398
100
566,498

continued...

Page 14

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Members general fund
141,940
Boathouse (Club Development)
-
141,940
TOTAL FUNDS
141,940
Comparatives for movement in funds
At 1.1.20
£
Unrestricted funds
Members general fund
151,482
Boathouse (Club Development)
380,282
Boathouse major repair and refurbishment
10,000
Sponsorship of Members
1,000
542,764
Restricted funds
Helping underprivileged children to sail
100
TOTAL FUNDS
542,864
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Members general fund
96,425
Boathouse (Club Development)
-
96,425
TOTAL FUNDS
96,425		 Resources
Movement
expended
in funds
£
£
(114,909)
27,031
(13,113)
(13,113)
(128,022)
13,918
(128,022)
13,918
Net
movement
At
in funds
31.12.20
£
£
22,829
174,311
(13,113)
367,169
-
10,000
-
1,000
9,716
552,480
-
100
9,716
552,580
Resources
Movement
expended
in funds
£
£
(73,596)
22,829
(13,113)
(13,113)
(86,709)
9,716
(86,709)
9,716

Page 15

continued...

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

17. MOVEMENT IN FUNDS - continued

The General fund represents unrestricted funds, which the trustees are free to use in accordance with the objects of the club.

The Designated Boathouse (Club development) fund represents amounts set aside by the Trustees to fund the development cost of the club including the construction costs of the new boathouse which was completed and brought into use in 2009. The fund is reduced on a straight line basis in accordance with the depreciation policy applied thereon by an annual transfer to the members general fund so as to in effect defray in part the annual depreciation charge on the building

The Designated Boathouse major repair and refurbishment fund represents amounts set aside by the Trustees to fund longer term repairs and refurbishment required to the boathouse.

The Designated Sponsorship of members fund represents amounts set aside by the Trustees to sponsor members and in particular youth members competing in major international sailing events.

The Restricted fund represents the balance of monies received for specified purposes which fund the costs of helping underprivileged children to sail.

18. OTHER FINANCIAL COMMITMENTS

Operating lease

In December 2008 the club entered into a forty year lease with Yorkshire Water, in respect of the land on which the new boathouse has been constructed. Rent is paid for use of the land in the sum of £1,970 per annum (2020: £1,970).

19. RELATED PARTY DISCLOSURES

During the year ended 31 December 2021 the club received subscriptions and unconditional donations from trustees and members of their immediate families, which in total amounted to approximately £1,110 (2020: £1,110) excluding Gift Aid thereon.

Various purchases totalling £2,223 (2020: £1,370) were made in the year from Mike Saul Dinghy Services a business owned by Mike Saul who is a member and Trustee of the Club. Apart from a discount received all such transactions were on normal commercial terms.

Page 16

continued...

YORKSHIRE DALES SAILING CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

20. LEGAL STATUS

The Yorkshire Dales Sailing Club is an unincorporated charity governed by its constitution of 24 January 2005 as amended on 12 March 2008.

Page 17

YORKSHIRE DALES SAILING CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Members subscriptions 71,395 61,467
Gift aid on subscriptions 16,181 14,761
Grant and donations (including gift aid) -
Unrestricted 37,810 14,144
125,386 90,372
Other trading activities
Galley and catered events 15,589 5,204
Sale of calenders, christmas cards and
miscellaneous 580 739
16,169 5,943
Investment income
UK bank interest and other interest 8 30
Charitable activities
Day sailing fees and equipment hire 377 80
Total incoming resources 141,940 96,425
EXPENDITURE
Raising donations and legacies
Galley costs 20,348 7,436
Other event costs 4,219 488
Allocation of governance and support costs 2,773 2,939
27,340 10,863
Charitable activities
Rent - use of reservoir 1,970 1,970
Insurance 7,057 5,130
Petrol and oil 2,753 1,297
Cleaning and Waste Disposal 5,743 3,471
Rates and water 1,577 722
Maintenance - boats and sail 11,318 4,583
Light and heat 6,514 6,441
Carried forward 36,932 23,614

This page does not form part of the statutory financial statements

Page 18

YORKSHIRE DALES SAILING CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

31.12.21 31.12.20
£ £
Charitable activities
Brought forward 36,932 23,614
Safety boat cover 653 1,273
Prizes and awards 654 1,034
RYA subscriptions 1,572 1,391
Training and courses 13,543 4,089
Depreciation of tangible fixed assets 29,953 30,843
(Profit)/loss on sale of tangible fixed assets (31) 464
Maintenance - Property & Equip 11,233 5,434
Licences 140 423
Bank interest 1,594 1,971
Allocation of governance and other support costs 4,439 5,310
100,682 75,846
Total resources expended 128,022 86,709
Net income 13,918 9,716

This page does not form part of the statutory financial statements

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