Shropshire Sailing Club (A company limited by guarantee) Report and Financial Statements For the Year Ended 31 October 2024 Charity Number: 1134892 Company Number. 07073373
Shropshire Salling Club Contents Page Legal and Administrative Information Trustees Annual Report Independent Examiners Rept)rt statement of Financial Activities (induding Income & Expenditure Account) Balance Sheet Notes to the Financial Statements
Shropshire Saillng Club Legal and Administrntlve Inforniation Status The organisation is a charTrtable company limited by guarantee, incorporated on 11 November 2009 and registered as a charity on 12 March 2010. The company is established under a Memorandum of Association whi¢h established the obj'ects and powers of the charitsble company and is govemed by its Artides of Association. Under those Artides, the Directors are eleded to serve for a period of a year Iwth one third retr'ring eath year. Dlrectors and Trustees The directors ofthe chafitable company (the tharity) are ivs trustees for the purpose of charity law and throughout this report are collectivety referred to as the trustees. The trustees serving during the year and Sin the year end were as follows '. Mr l Johnson Mrs A J Ea(ty Mr D A Coull Mr S D Hewitt Mr J R S Ridgers Mr R D Newey (resigned 27 Febnjary 2024) Mr C C Trump (appointed 27 Felyuary 2024) Reglstsred offlce Whitemere Ellesmere Shropshire SY12 OHU Independent èxamlner K R Salt FCCA BK Plus Limited Adventure Place, Hanley Stoke on Trent ST13AF Banke Natwest Bank plc 42 Cheshire Street Market Draytsn Shropshire TF9 1PG
Shropshire Sailing Club Trustees Annual Report for the year ended 31 October 2024 The trustees present their report along with the financial statements for the year ended 31 October 2024. The financial ststements have been prepared in accordance with the accA)unting policies set out in note 1 to the accounts and comply with the Charitls Memorandum and Articles of As8ociation, the Charitiej Act 2011,the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Slandard applicable in the UK and Republic of Ireland published on 16 July 2014. The company c(mtact address is the registered office. Management. governance arrangenwnts and risk revlew The Board considers that its trustees collectively possess the necessary skill and experience to direct the Club's affaifs and identify and induct suitable candidates to fill any vacancies. The Board is continuously alert to and fomialty reviews annualy the risks to which the charity is exposed. The tmstees keep the skill requirements for the Trustee Body under review and new potential trustees will be approached as considered necessary. The trustees will conduct an interview in which the responsibilities of trustees are discussed and a final decision tsken. The induclion process for new trustees *fjll involve an initial meeting with the current tTUStees to discuss in detail the responsibilities of the position. the goveming trust deed and the objectives of the charity. New trustees are provided wrth a Copy of the Charity Commissions Guidance 'The Essential Tnjstee: What you Need to Knovl. The board meets not less than three times a year to Teview Progress and plans. Objectives The charity is established wilh the object of the promotion of community participation in healthy recreation by Ihe wovision of facilities for sailing in the north Shropshire area. In shaping our objectives and planning our actiVFbes. the trustees have considered Ihe Charity Commission's guidance on public benefiL How our a¢tlvltl88 deliver public benefft The dub provides cornmunity invofvement in healthy recreation (dinghy sailing), advancing the physical education of young people by providing equipment and facilities to leam the sport of sailing, and educating the public aboLrt the sustainable recreational use of the Mere on which the dub sails. The dub aims to provide these faciltties and servi5 at a low cost and to some groups free of tharge. The Principle public benefft is healthy recreation.
Shropshlre Salllng Club Trustees Annual Report for the year ended 31 October 2024 Principal actlvtttes and achlevements The dub has enjoyed another successful year and continues to offer a range of activities. which we continue to strive to make increasingly indusive, and which are well supported by members. Wednesday moming and evening social sailing Saturday Social Sailing A full Sunday Racing Programme that has induded a number of12 and 16 race series with four seasonal Commodore's Regattas and a Youth Regatta. As the year has progressed the numbers of members competing has steadily increased. - The fortnightly Saturday Youth and Adult coaching sessions have again proved popular with up to 30 youngsters and adults attending each session. All keen to develop their sailing skills further after ¢ompleling an RYA Course Training- as a recognised RYA Training Centre , Shropshire Sailing Club has been able to offer introductory RYA Youth Stage 1 Courses, RYA Youth Stage 2 Courses. Alongside these introduc*ory courses for adults we ran RYA Level 1 Stsrt Sailing and RYA Level 2 Basic Skills, Level l and Level 2 Keelboat Courses and RYA Powert)oat Level 2 Courses. Through the RYA Onboarding and Discover Sailing Programme we have been able to offer a sailing experience in a safe and friendly atmosphere to over 300 youngsters through our Open Day in May and vistts by a local school, Scout and Guide organisations and weekly visits by a local college. - Sailability- Early in the year we accepted a donation of a Ffjnsman Keelboat trom Rutland Sailing Club. The receipt of this boat has enhanced our Sailability Fleet and it has proven very popular with our less agile sailors. Wrth the lfjnsman and our new Kontra Power Boat we have been alle to offer a fun sailing experience to individuals with additional needs. In summer we Vre proud to host a Day with thè Parent and Carers Council (PACC) a local diarity who's aim is to give experiences to young people with disabilities and their carers. The club is indebted to the dub's volunteer training team for their professional delivery of the courses and Qnboarding and Discover Sailing Sessions. - The dub is also indebted to all our volunteers who help to keep the dub boats and the clubhouse and grounds in good shape. During the year to date ( January 2025) our totsl number of dub memberships have dedined overall by 6.5% There appears to be no SpefiC reason for this and tt is worth noting that we attracted 74 new members during the year. Efforts to boost and retain our membership will be ongoing with our Open Day. Discover Sailing, Sailability and our attendance at local events supported by the RYA Our focus last year was to replace an aging Power Boat. This we did with the purchase of a Kontra 450 at the early part of the year. This year we have focused on building up reserves to enable us to plan for the fvture.
Shropshlre Salllng Club Trustees Annual Report for the year ended 31 October 2024 Future Plans Our initial plans are to address the safety issues around the entrance gate and to undertake improvements to the paths around the dubhouse. The replacement of our aging training fleet and the building of new Jetty are also being considered by the general committee should funds become available. Financial Revlew, Investment Policy & Re8arv8s The charty had an overall excess of income over expenditure of £8,257 for the year (2023: £7,145). At the end of the year the charity had unrestricted reseprfes of £328.104 (2023: £319,84n. Fixed assels represented £281.713 of the reserves held. The trustees are satisfied with the results of Ihe year and look fonvard to the continuing success of the dub. The reserves of the dub are considered to be adequate to ensure the ongoing activty of the dub Statement of trusteos responsibilities Company law requires that the directors prepare financial stslements for each financial year to give a true and fair view of the stste of affaits of the charitable company as at the balance sheet date, of its incoming resources and application of those resources, induding income and expenditure, for the year. In preparing those ststements, the board has seleded suitable accounting policies and applied them nsiStentIy. made judgements and estimates that are reasonable and prudent and prepared the financial statements on a going concern basis. The trustees acknowledge responsibih'ty for maintaining proper accounting records which disdose with reasonable a¢¢uracy at any time the financial position of the charitable company and enable them to ensure that financial statements comply with the Companies Act 2006. They have also safeguarded the assets of the charitable company and taken reasonable steps to prevent and detect fraud or other irregulartties. Members of the board Members of the board, directors for the purpose of company law and twslees for the purpose of charity law. who senfftd during the year are set out on page 1. Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the company in the evenl of winding up. The number of such guarantees al 31 October 2024 was 6 (2023: 6) Thls report was approved by the Trusteas and slgned on its bghatf by: Mr C C Ttump Date:
Independent Examinerfs Report to the trustees of Shiopshlre Salllng Club I report to the trustees on my examination of the aCCnts of the tharitable company for the year ended 31 October 2024. which are sel out on page5 6 to 12. Responslbllltles and basls of report As the charitys trustees ol the Company {and atso its directors for the purposes of company lawl you are responsible for the preparation of the aecounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Arf). Having satisfie(I myseff that the accounts of the Company are not requlred 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 chariV$ accounts as carried out under section 145 of the Charittes Ad 2011 Cthe 2011 Act'l. In caTryng out my examination I have followEd the Directions given ty the Charity Ct*nmiS0n under section 14515) Ib} of the 2011 ACL Independont examIne5 stalement I have completed my examination. I confimi that no matters have to my attention in connection with the examination giving me ca4e to bekn: 1. accounting records vmre not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. Ihe acwnts do accord wllh those ords.. or 3. the accounts do not comply wilh the accounting UirementS of seGtlon 396 of the 2006 Act other than any requirement that the accounts give a and fair view %thich is nol 8 mattsr considered as part of an independent examination,. OT 4. th• accounts have not b8•n prnparnd in accordancè the mathods and principles of the Statement of Recommended Practice for accounting and Teporting by charities lapp11ble to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable ift the UK and Republic of Ireland (FRS 10211. I have no concerns and have come across no other matters in conne¢Xion with the examination to which attention should be dravm in this report in txder to enable a proper undeTStandirsg of the accounts to be reached. Srgned.. ,- 'lQ- K R Salt FCCA BK Plus Limrted Adventure Plac8, Hanley stoke on Trenl ST13AF
Shropshlre Salling Club ststement of Flnanclal Actlvlties (Including Income & Ewndlture Account) for the year ended 31 October 2024 2024 Total Funds 2023 Total Funds Funds Funds Income Donation$ 3.670 2.103 Grants recelvable 240 Income frryn charitable activitses 52.934 52,934 58,056 Activf(tes for generating funds 2.331 2.331 Investmont income •nrS interest 521 521 322 Other incoming resour5 Totsl Incom 59.456 380 59.836 63.809 Exwnditure Costs of g•ngratlng funds 2.449 2,449 3,123 Expenthture on ch8rit8ble acfrvibe& Sailing adivty running costs Premises running costs other costs 27.740 15,998 5.012 27,740 15.998 5,392 30,271 16,892 6,378 10 11 Totsl expondIre 51.199 380 51.579 Net Income 8,257 8,257 7,145 Gross transfers belween funds 16 Net movement in funds 8,257 8.257 7.145 Reconcillatlon of Funds Total funds at 1 November 2023 319,847 319.847 312.702 Totsl fvnds at 31 October 2024 328.104 319 847 The statement of financial adivlltes indudes all gains and losses recogni8ed in the year. The incoming resour$ and resources expended delp frLKn continuing operations. None of the charitable companls actNitv4s were acquired or discontinLFed during the above financial years. The notes on pages 8 to 12 forn part of these accounts.
ShrowJhire Saillng Club Balance Sheet as at 31 October 2024 2024 2023 Flxed assats for use by the charity Tangible assets 12 281.713 269.554 Current assets Stock OebtOTS Cash at bank and in hand 13 2.683 49.326 52,009 52,532 54.834 Credltors." amounts falllng d wlthln one year 14 5.618 4.541 Net cunI 8SS8ts 46,391 50.293 Net 8ss8ts 328.104 319.847 The funds of the charity: Re$lricted funds Unrestricted funds Tot81 charity fvnds 16 16 328.104 319.847 319,847 For the financlal year ended 31 October 2024 the company was enlitled lo exemptlon frryn audii under sectlon 477 Companies Act 20C6. No member of the company has deposited a nolirR. puuant lo seclion 476. requiring an audit of these financFal statements under the requirements of the Companies Act 20(. The directOTS acknowledge their TesponsibiMi8s for ensuring that the company keeps 8ccounting records which compw with Sectlon 386 of the Act and for preparing financial statements whh give a Inj8 and fair v of the state of affairs of the company as al the end of the financial period 8nd of its proftt or loss for the financial periryJ in accordance with the requirements of sections 394 8nd 395 and whFch otherwise wnpty with the requirements of the Companies Act 2CI)6 relalww to accounts, so far as aN)cable to the company. These finanual slalemenls have been prepared in acwdance with the provisions applicable to companies subject lo the smam companies regKne and m accordarice wrth FRS 102 seCtn 1A- small enIrt. The fwjancial statements were approved and authoTÈSed fcK issue by the dwectors and sb3ned on Ihew behaw MrCCTwmp Date: Company Reglstratlon No. 07073373
Shropshlre Salllng Club Notss to the Flnanclal Statements for the year ended 31 October 2024 A¢¢owi¢ing policl•s A¢countlng convenllon The a¢eounts {financial statements) have been prepared under the historical Cost convention with items recognised al cost or Iransaction value untess othefwse stated in the Televant note{s) to these accounts. The financial statemenls have been prepared in accordan¢e with the Statement of Recommended Practice.. Accounting and Reporting by Charibes prepaTtng their aeeounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 1021 issu&Y on 16 July 2014 and the Companies Act 20r. The twst conslilutes a publc benefft entity as defined by FRS 102. Incomlng r8sources Voluntary income i¥ reeeived by way of donations and gilts and is included in full in the Statement of Financial ActNities when receivable. The value of servKes prov¥Jed by volunteer5 has not been induded. Grants, induding grants for the purthase of fLxed assets. arn recognised in ful in the Statement of Financial Activities in the year in Ythich they aTe receivable. Incoming resources from investments are induded when receivable. Subscripti¢)n and fees are reeognised in full in the Statement of Flnancial Activities in Ihe year in thich Ihey are receivable. Resour expended are recognised in the period in vthich are Micurred. Resourcth expended are alkKated directty to the partilar athty to vthich they relate. Flxedassets ènd deprecladon I purchases of a capital nature ore e4pitalised at cosL Depmciation is provwjed at ratss calculated to write off the cost of each tangibbe red asset over its expecled useful le as follows . Land and bull dings Fixtures and fIng$ Boats and equipment strahjhl line over 50 yea straight line over 8 years stratqht &ne over 5 to 10 years Unrestricted funds Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specrf*d purpose and are avai5able as general funds. Designatèd ffunds Designaied funds are unrestricted fund5 eaTmarked by the management commÉttee for particular purposes. Restrlcted funds Reslrtcted fLtnd8 are to be used for specified puwes as lahj down by the donor. Expendtture whith meets thes8 criteria is charged to the ftjnd.
Shropshlre Salllng Club Notes to the Flnanclal Ststements lor the year ended 31 October 2024 2 Donatlons Unrostrictod RtrIcted 2024 2023 c{0P nominated Charlty Stheme Sundry donations Donation to fvjnd boal purchase Barts Bash- Donations to RNU Kinsman Keeknt donated asset from Rutland Sailing Club 1,469 70 250 314 170 170 3.500 3.670 2,103 3 Grants Tecelvable unrescted Rtstrfcted 2024 2023 ElleSMe Rural Parish Council- Salabilty grant 240 240 4 Actlvltios for generntlng funds Unrestricted Restrlcted 2024 2023 Fundraising events Sales of merchandise 2.168 163 2.168 163 2.453 635 2.331 2.331 5 Investment Income Unvestrlctod Restrlctgd 2024 2023 UK intewl eeNed 521 521 322 521 521 322 6 Incomlng resourcos from charital)le actlvilies Unrestrlct•d Restricted 2024 2023 Subscriptions Berth fees Training fees and courses Group Booking-'on boarding events. Sundry sales and other income Profit from sale of assets 31.027 7.554 10.908 2.145 31,027 7.554 10.908 2.145 32,886 7.250 13.015 4,790 115 1,300 1.300 58,056 7 Taxatlon The charitable company is exempt from corporation tsx on its charitai)le actlvitie8.
Shropshire Sailing Club Note8 to the Flnanclal Statements for the year ended 31 October 2024 Costs of ganaratlng funds Unrostrlctod Rgstrlctad 2024 2023 Fundraising events Goo(Is for resale 2.363 2,363 2,528 595 2.449 2.449 3.123 9 Salllng artlvlty runnlng costs Unvè5tr1cted Restrlcted 2024 2023 RYA Subscription Postage and stationery Insurance Fuel and lubricants Chandlery Sailing equipment repairs Motor seryicing Prizes Whitemere rent Training provision costs Sundry Depre¢lation 771 11 8,820 625 771 11 8.820 625 668 109 722 7,878 898 313 543 449 913 8.439 5.744 738 7.365 1.551 114 6,404 738 7,365 1.551 114 4,372 27,740 27.740 10 Promls¢s runnlng costs Unrostrl¢t¢d Restrlcted 2024 2023 Rates Electriuty Septic tank refvse dlsposal RepaiTS Water front and grounds maintenan Cleaning Telephone Deprttiation 332 1,420 2,262 205 291 4.619 452 6.417 347 1,336 2.760 244 561 5.160 401 8,083 1.420 2.262 205 291 4.619 452 6.417 15.998 16,892 11 Other costs Unrestrlcted Restrlcted 2024 2023 Soknre Licence Health and safety Advertising Travelling Independent examiners fee Charitable donation Bank charges Sundry 2,189 481 135 131 131 771 771 g(Kl 489 576 576 5.012 5,392 6,378 10
Shropshlre Salling Club Notes to the Flnanclal Statements lor the year ended 31 October 2024 12 Tanglble flxod assats Club House FlxtUVeS, fittlngs and equlpment Boats & Land and Salling bulldlngs Equlpment Totsl At 1 November 2023 Addilions Disposals 271.820 71,139 23,310 1.989 1.670 344,948 24,980 At 31 October 2024 271,820 94.449 3,659 Depreciation At 1 November 2023 Charge lor the year Disposals 18.251 5,699 56.107 6.404 1,036 718 75.394 12,821 At 31 October 2024 1,754 88,215 Nèt book value At 31 October 2024 247.870 31,938 1,905 281,713 At 1 November 2023 253.569 15,032 953 269,554 13 Debtovs 2024 2023 Trade debtors Prepayments Other debtors 50 2.252 2,283 2,683 2,302 14 Credltorn: amounts falllng due wlthln one year 2024 2023 other credltors and accnjals 5,618 4.541 4,541 The current land lease annual charge curTenty being negotiated. P4) accrual has ert induded in the accounts based on the current infomiation that15 avalable. General Restrlcted funds funds T¢)tal funds 15 Analysls ot ngt asgets between funds Fund balances as at 31 October 2024 are represented ty. Tangible fixed 85sets Current assets Current liabilitie$ 281,713 52.009 (5,6181 281,713 52,009 15.618) Tal net •S5ets 11
Shropshire Salling Club Notes to the Flnanclal Statements for the year ended 31 October 2024 At1 November Incoming Outgolng 2023 resources resources Transfers At31 October 2024 16 Movements In funds Unrestrlcted funds: General fund Boat fund Building Fund 304,684 15,163 58,935 222 299 (51,199) (29.8551 6.195 23.660 282.565 21.580 23.959 Total Unrestricted funds 319,847 51,199 328,104 Restrlcted fundg . Charity don8tlon fund 380 (3801 Totsl restrlcted fun 380 Totsl funds 319,847 51.579 328,104 The funds transfers represent the use of the donation$ to purchase equipment in the year. The unrestrictsd Boat fund and Building Fund balance are amounts that have been separatety designated by the committee 17 Flnan¢lal commltm8nts At 31 October 2024 the charty was C]MIlled to makirtg the follomryng p8ymerts un(fer noTrcanc8llable operating leases: Land and bulldlngs 2024 2023 Opwating leases .' Due wllhin one year Behveen Iwo and five year Due in more than S ye8rs 6,0 24,000 139,500 24.000 145,500 175,500 Th8 dub has a long temi rental lease whlth does not explre untrl 2048. The dub is currenty in negotsations regarding the annual lease amounL 18 Capltal commltments At 31 October 2024 the ¢harity had no capital commitments. 12