Registered Company Number.. 07621461
Registered Charity Numb¢r: 1142761
Frensham Pond Sailability
Annual Report and Financial Statements for
the Year Ended 31 October 2022
Amending:
The revised accounts replace the Origin￿ accounts,.
They are now the statutory accounts,.
They have been prepared as at the dale of the original accounts, and not as at the dat¢ of the revision and
a￿OrdInglY do not deal wilh events between those dates;
Frensham Pond
SAILABILITY

Frensham Pond Sailablllty
Annual Roport and Financial Statements
for the Year ended 31 October 2022
Contents
Page No.
Report of the Trnstees
Report Of the Independent Examiner
Statement of Financial Activities
Balance Sheet
10
Notes to the Accounts

Frensham Pond Sailablllty
Report of the Trustees
for the Year ended 31 October 2022
The trustees, who are directors of the Company for the purposes of company law, are pleased lo present
th¢ir report, tog¢th¢r with the financial statements of the CO￿panY for the period ended 3 1st October
2022.
Reference and administrative details
Company No..
Charity Number..
07621461
1142761
Regist¢ffd Office..
Frensham Pond Sailability
c/0 Frensham Pond Sailing Club, Pond Lane, Churt
Farnham. Surrey GU10 2QA
Ind¢pendent Examiner..
Stuart Harris
Seebys Consultancy Ltd
2 North Fryerne, Yateley. Hampshire, GU46 7ST
Lloyds TSB Bank plc.
75 Castle Street,
Farnham, Surrey GU9 7LT
Bankers..
Lawyers..
Moore Barlow LLP.
The Oriel. Sydenham Road
Ouil(ifviLi, Surrey GU13SR
Direetors Trustees
The directors of the Charilabl¢ Company (the Charity) are its trustees for the purpose of Charity Law and
throughout this report ar¢ collectively referred to as the trustee5'.
The Trustees serving throughout the period (ex¢epl as noted) and w¢re as follows:
Mrs C.E. Cook (Appointed I l November 2021)
Mr C.S. Cromther (Appointed I l November 2021)
Mr P.J. Knights (Appointed I l November 2021)
Mr G.A. Machen
Mrs W Neal-smiih (Resigned 31 March 2022)
Ms M Pascoe
Mrs K. Richardson
Mr J Richardson (Resigned 31 March 2022)
Mr P.J. Schroeder {Appointed I l November 2021)
Mrs A.L.J. Skirrow (Appointed I l November 2021)
Mr B.D. Grimwood {Resigned 31 December 2021)
Mr R.E. Bonner (Resigned 31 December 2021)

Fronsham Pond Sallablllty
Report of tho Trustees for the Year
ended 31 October 2022
Structure, Governance and Management
The Litnited Company was incorporated on 4 May 2011 and was dorniartt until 6 Jllly 2011 when Frensham
Pond Sailability (FPS) was entered on the Register of Charities. These accounts cover the accounting period
from I" November 2021 to 31. October 2022.
Govemin
Document
The company is limited by Guarantee and is govemed by its Memorandum and Articles of Association dated
21st April 2011. It is a registered charity (No.1142761). The sole Full Member is Frensham Pond Sailtng
Club (rpsc) a5 repr¢scnted by FPSC'S General Committee {"GC").
ointment of Trustees
The appointment of Trnstees is undertaken by the sole Full Member. In addition, every year one third of the
trustees must retire from office but are ¢ligible for reappointment. The Trustees approved the resignations of
Ted Bonner and Brian Grimwood (Trn 31 st December 2021 and Mr John Richardson and Mrs Wendy Neal-
Smith resignation5 as of 31 March 2022. The resignations were fom)alised at Companies House and Charity
Commission on 61h April 2022. At the Trustees Meeting on 10th Novemb¢r 2022, the Trustees approvcd th¢
proposal forthe resignations of Kathryn Richardson on IOthNovemb¢r2022. This resignation was forn)alised
at Companies House and Charity Commission on 4th January 2023.
The Tnjstees also approved the appointment of.. Catherine Cook. Simon Crowther, Philip Knights, Paul
Schroeder 2nd Lisa Skirrow. These appointsnents were fom)alised at Companies House on I Ith Nov¢mber
2021.
Èmisution
Administration of the affair5 of the Charity ￿5 ¢arried out by the Sailability Management Committee I"SMC"},
which meets regularly throughout the year and is attended by the majority of the Trustees and other invitees
as required. Trustees are always in the majority on the Committee. In addition, the Trustees meet as required
and at least once a year.
Risk MAna ement
The Charity's management committee has assessed the major risks to which the charity is exposed, in
particular those related to the operations and finances of the Charity. and is satisfied that the systems are in
place to mitigat¢ our exposure to the major risks.
b'ectives and Activi
ies
Frensham Pond Sailability ("FPS" or the 'Charity") is a registered charity whose objeots are thc provision
and maint¢nan¢e of sailing facilities and the promotion of sailing for recreation or other leisure activities
(including without limitation recreational and competitive sailing) for disabled people with the object of
improving their quality and conditions of life. Membership is open to adults and youngsters and a free taster
visit is offered on the initial visit.
Financed largely by charitable donations, the Charity operates a sailing fleet of 29 boat$ at Frcnsham Pond,
from the premises of Frensham Pond Sailing Club, which is the sole Full Memb¢r of Frensham Pond
Sailability. Prior to the establishment of the company and register¢d charity, Sailability was established in
September 2001 as a division of Frensham Pond Sailing Club.
The Charity's activities are facilitated entirely by volunt¢er helpers including a team of RYA qualified
instructors who are available to assist with training and development of all levels of sailor. from novice to
Paralympic racing standard.

Frensham Pond Sallability
Report of the Trustees for the Year
ended 31 October 2022
Achievements and Performance
Qeneral Overview
Frensham Pond Sailability resumed 115 normal activities during 2022, practically back to pre-COVID
lev¢ls. 2022 Season highlights are the following:
The Charity managed a full sailing season and pupils from the Undershaw the Abbey and th¢
Ridgeway schools participated in the summer lerni whilst Undershaw returned also for the first
half of the Autumn term.
Sailor memberships r¢turned to healthy levels with a total of 117 members, 28 new and 89
returning. An overall total of 1929 sailing sessions was re¢orded (1300 in 2021), essentially in
line with pre-covid levelg,.
During the year the Charity was supported by 80 active volunteers, of which 66 volunteer5
returned post-covid and 14 w¢re recruit￿ this y¢ar. A new Volunteers Administrator has
re￿ntlY bccn appointed.
The Charity hosted sailing events at the Club and sailing successes were aeliieved both on site
e.g. the Wisley Foundation Youth Endeavour Cup. the Richard Smallwood trophy, the l O hour
race, the Frei)sham Hansa Th tace - and away - e.g. th¢ RYA Muliiclass at Rulland and the
Hansa Nationals al Carsington. Frensham Pond Sailability retained the Ben Ainslie Trophy for
the most successful Hansa team for the 15 ¢onsecutiv¢ year.
Two remarkable awards. the Sport Haslemere Disability Award 2022 and th¢ Farnham Lion5
Endeavour Trophy, were awarded to FPS Tnemb¢rs'
The very generous bequest of Maureen Aldridge is the main factor behind the exceptional
financial results of this year. This will be primarily dedicat¢d lo the site development. Other
regular donors and local trusts and councils continued to ensure the financial stability of the
Charity.
The fleet turnaround plans. reinitiated in 2021. continued this year with the delivery of two
boats ("Jolly Mo" and Farnham Flyer"), the sale of the two old ones and anoth¢i' Hansa 2.3wide
and a 303 on order for next Season.
Finaneial Review
Frensham Pond Sailability remains financially se¢ure. Our regular donors continued to support us for
which we are grateful, and we maintained co$15 under control notwithstanding the reopening of all
activities 41nd ncw initiatlvcs su¢h as tlie Scoii Baijrr trip on the Solent in August 2U22. We continue to
invest in our assets aiid infraglructure and build reserves for our new Activity Centre building.
Polic
on Cash Reserves
Our policy on Reserves remains the sam¢, with our aim for an equivalent of bdween one and one and a
half year's expenditure in a normal year to be held as Cash Reserves. Our Cash Re5¢rves amounted to
£142,803 given by the exceptional nature of the bequest received this year.
The unrestricted designated fund for new on-site facilities increased to £IOO,000 thanks to the
extraordinary bequest received this year.

Frensham Pond Sailability
Roport of the Trustees for the Year
ended 31 October 2022
Plans for the Futur¢
The priority areas identified for 2022123 are as follows..
The main priority for 2023 will be to further consolidate activity levels with a full season of th¢
Saturday morning youth and progress groups and vi51ts from local sp¢cial s¢hools on Thursday
ornings, including the opportunity to offer sessions to other groups, subject to volunteers
availability.
Priority will be given to promote away events for sailors (Hansa ￿S and Hansa Worlds in Portugal),
as well as volunteer training to ensure operational and safety skill levels are re-established and
maintained.
The fundraising programme for new Freftsham Pond Sailability Activity Centre will continue,
subject to the Club's lease renewal.

Frensham Pond Sailabllity
Report of the Trustees for the Year
ended 31 October 2022
Trustee5' responslbilities in relation to the financlal statements
The charity Iruslees are responsible for preparing a tru5tees' annual report and financial statements in
a¢cordanc¢ with applicable law and United KingdoJn Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustces to prepar¢ financial
staternents for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period. In preparing the finan¢ial
slatemenls. the trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the Inethods and principles in the applicable Charities SORP.
make judgements and estimates that are reaso[￿ble and prudent-
stale whether applicable accounting standards have been followed, subject lo any material
departures that must be disclosed and explained in the financial slatemenls.
prepare the financial statements on the going ¢oncern basis unless it is inappropriate lo presume
tiiat the charity will ¢ontinue in business.
The trustees are restx)nsible for keeping proper accounting records that disclose with re2wnable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements Comply with the Charities Act 2011, the applicable Charities (A¢¢ounts and Reports)
Regulation5, and the provisions of the Trust deed. They are also responsible for safeguarding the assets
of the charity and taking reasonable steps for the prevention and del¢ction of fraud and other
ir[L¥ul£￿1ti¢5.
The trustees are responsible for the maintenance and integrity of the ¢harity and financial information
included on the charity's website in accordance with legislation in the United Kingdom governing the
preparation and dissemination of financial ststements.
Approved by the truste¢s on
7 July 2024 and signed on their behalf by..
.<ÈA&
fL(J.STFG................

Frensham Pond Sailability
Report of the Independent Examlner to the Trustees
For the Year ended 31 October 2022
I report on the accounts of the Charity for the period ended 31 October 2022 whi¢h are s¢t out on pages
9t0 17.
Respective responsibilitie5 of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts. The Charity's trusrees ¢onsider that an audit is not
required for this year under section 144 of the Chariti¢s A¢t 2011 (the Charities Act) and that an
independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Aet.
to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145(5)(b) of the Charities Act. and
to state whether particular matters have come to rny attention.
Basis of independent examiner's report
My examination was carried out in accordance with the generdl Directions given by the Charity
Commission. An examination includes a review of the a¢¢ounling records kept by the Charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from the trustees conceming any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit,
and consequently no opinion is 2iven as lo whether the accounts present a 'true and fair, view and the
report is limited to those matters set out in the statement below.
Independent examiner's Statement
Jn ¢onn¢ction with my examination, no material matters have come to my attention which gives me
cause to believe that, in any material respect..
aeeounting records were not kept in accordance with section 386 of the Companies Act 2006. or
the accounts do not accord with such records. or
the accounts do not comply with relevant a¢¢ounting requirements under section 396 of the
Companies Act 2006 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
the accounts have not been prepared in accordance with the Charities SORP (FRS102)
I have no concerns and have come a¢r05s no other matters in connection with the ex2mination to which
attentloll should be drawn in this report in order to enable a proper understanding of the ac¢ounls lo
reached.
Signed:
Date..
22 IDÉ /Iy-
Stuart Harris
Seebys Consultancy Ltd
2 North Fryeme
Yaleley, Hampshire
GU46 7ST

Frensham Pond Sailablllty
Statement of Financlal Activltles
for the Year ended 31 October 2022
Unrestrlcted
Fund$
Restrleted
Income Funds
Tot*1 Fund5
Prior Year
Funds
Notes
Ineome gnd endow￿entS from".
Donations and legacies
Charttable activities
Other trading activities
Investments
Oiher
79,950
8.089
1,999
28
2,100
14.510
94,460
8,089
1,999
28
2,100
17,860
5,291
3,889
108
TotAR
92,165
14,510
106.675
27.148
Expenditure on:
Raising funds
Charitable activities
Other
lJ47
19.393
13.472
1,347
19.393
14.102
320
16.517
28,214
630
Tot41
34,212
630
34,842
45,051
Net Ineomel{exp¢ndlture) before
investment yins/{losse$)
57,953
13,880
71,833
{17,903)
Net gainslllossesl on investmettts
Net ineomtl{¢xpeNditure)
57.953
13,880
71W3
(17,903)
Extraordinary items
Trdn$fers between funds
Net Movement in Fund$
57,953
13,880
71,833
(17,904)
Reconclllatlon of Funds
Total funds brought forward
Total funds ¢arrSed forwArd
133.589
191A42
1,237
15,117
134,826
206,658
The statement of financial activities includes all gains and losses reeogni5ed in the year. All income and
expenditure derive from continuing activities.

Frensham Pond Sallablllty
Balance Sheet
As of 31 October 2022
Unrestritted
Fund5
Restricted
Ineome Fund$
TotAI Funds
Prlor Year
Funds
Notes
ixed 155ets
IntangibSe assets
Tangible assets
Investments
55,925
{6301
55,295
53,890
Tololfved &wsets
55.925
{630)
53.890
Stocks
Debtors
Investments
322
8,238
322
8,238
444
Cash at bank and in hand
127,057
15,747
142,803
81,202
Tololcurren¢ wsets
135,616
15,747
151,363
81,646
Creditor5: amounts falling du¢
within one year
710
Nel currenl a55ets/{liabllilies)
135.616
IS747
80,936
Tolqlussets less curreNI llabllldes
191,542
15.117
206,658
134,826
CreditOTS.' amounts falling due after more than
one y¢ar
Tot#1 net a55et5 or liabilitie5
191,542
15,117
206,658
134,826
Restricted income fi]nds
Unr¢$tri¢led funds
15,117
15.117
191,542
1237
133,589
191,542
Total fund$
191,142
15.117
206,658
134,826
The company was entitled to exemption from audit under s477 of the Companies A¢t 2006 relating to
small companies. No members have required the company to obtain an audit of its accounts for the year
in question in accordance with qectinn 476 ()f the C.()mpanie.s Act 2006. The direc.tors xc.knowledge their
responsibility for ¢omplying with the requirements of the Companies Act with respect to accounting
records and for the preparation of accounts. These accounts have been prepared in accordance with the
provisions applicable lo the small companies regime and in accordance with FRS102 SORP.
Signed by iwo 1njstcc￿dircC1orl on behalf of all
Ihe rnis
direci
Priyt Namc
t)ale of approval
¢Jdlmmtyyyy
È*>f £ 0710712024
0710712024
10

Frensham Pond Sailability
Notes to the Flnanclal Statements
For the Year ended 31 October 2022
The allachgdnoiEsformpari ofihefiKan¢lal stalements

Frensham Pond Sailability
Notes to the Financial Statements
For the Year ended 31 Octobar 2022
BASIS OF PREPARATION
Ba$1$ of A¢touNting
The accounts have been prepared under the historical cost convention with items recognis¢d at ¢ost or
transaction value unless Otherwise slated in the relevant notes io these accounts. The accounts have been
prepared in accordance with the Statement of Recornmended Practice 'Ac¢ounting and reporting by
C.h>Jriti@q" prepAring their 2ecniintg in ACCI)rd2nce with the. Flnxnr.j￿j Reporting gtandHrd Hpplicqblp. in ihe
UK and Republic of Ireland IFRS 1021 issued in July 2014 a¢Ki with th¢ Charities Act 2011. The charity
¢onstitules a publi¢ ben¢fit ¢ntity as deflned by FRS 102.
ACCOUIYTING POLICIES
Income
Reeognitlon of Income
Income is included in the Statement of Financial Activities (SOFA) when..
The charity be¢omes entitled to the resources.,
It is more likely than not that the trustee5 will Teceive the resources,.
The monetary value can be mea8uTed with sufficient reliability
Gr&nts
Grants are credited to income in the year in which they are receiv¢d.
Volunteers and donated servlces
The value of services provided by volunteers is not incorporated into these financial statements. Details of
the contribution made by volunt¢ers ean be found in the Irustees, annual report.
Where services are provided to the charity as a donation thatwould nomially be purchased from suppliers,
this ¢ontributLOll Is included in the fInancial stalejnents at an estimat¢ based on the value of the contribution
to the charity, unl¢ss the amounts are insignificatlt.
22 Exptndlture
Recognition of Expenditur¢
Liabilities are recognised where it is more likely than not tliat there 15 a legal or constructive obligation
¢ommitting the charity to pay out resources and the amount of the obligation can be m¢asur¢d with
r¢asonabl¢ ¢ertainty.
Resources expended are included io the Statement of Financial Activities on an accruals basis inclusive of
any VA T, which cannot be recovered.
Charitable activities include expenditure associated with the operation of the boats and equipment and
include both the direct costs and support costs relating to those a¢tivities.
OuvrFiiHii¥u Lusls illLluJ¢ Llivs¥ intyutr¥d in th¥ gvv¢rnance of the charity and its assets and are primarily
associated with constitutional and statutory requiretnellts.
2J
Assets
T2ngible Flxed Assets
Fixed assets are capitalised if they can be used for more than one year and cost at least £500. They are
valued at ¢ost or donated value.
12

Frensham Pond Sallabillty
Notes to the Flnanclal Statements
For the Year ended 31 October 2022
Depreciation
DepreciatlOTi l5 provided at the following annual rates in order to write off ea¢h asset over its estimated
useful life.
Land and Buildings
Boats & Boat Equipment
Fixtures. Fittings and Office Equipment
Over 10 years, straight line basis.
Over 6 y¢ars, straight line basis.
Over 4 years, straight line basis.
Sio¢ks
Stocks held for sale are vallled at the lower of cost and net reali5able value, aftei addin8 du¢ allowdnce for
obsolete and Slow moving items.

Frensham Pond Sallabillty
Notes to the Financlal Statements
For the Year ended 31 October 2022
INCOME
URkre$tri¢ted
Funds
Restrlcted Year Total
Fund5
Funds
Prlor Ye#r
Funds
Sol Donatlons and le￿¢￿¢$
Donations received
Charity Donations received
Gift aid tax income
Grants received
Bequests and ItgAeies
10,000
2,510
2,502
14,500
58
18.425
214
20,935
214
2,000
52.21)0
2,000
51200
Totgl
79,950
14,510
94.460
17,860
S02 Charltible attlvltie$
Individual Membership Subs
Group Membership Subs
Income from Sailing Events
Sumrner BBQ Tickets
Sale of Misc Equipment
Other Social Events income
4.614
696
410
1,576
4,614
696
410
1,576
4,385
261
6￿)
793
793
45
Totlll
8,089
8,089
5291
SOI + S02 Totthl
8&039
14,510
102,S49
23,151
S03 Other trading Activities
Fundraising Events income
Clothing for Re-sale
Stock Sales
Stock Cost of Sale5
Other Trading Activiti¢s
Pro¢eeds from Other Sale5
230
1,701
230
1,701
236
2,038
68
68
130
1.485
Totgl
1,999
1,999
3189
S04 Investments
Interest rec¢ived
28
28
108
Total
28
28
108
S06 Other
GainlLoss Sale of Fixed Assets
2,100
2,100
Totsl
2,100
2,100
Total Ineomt
92,165
14,510
106,675
27,148
14

Frensham Pond Sailability
Notss to the Flnancial Statements
For the Year ended 31 October 2022
EXPENDITURE
Unrestrleted
Fund5
Restricted
Funds
YeAr Total
FuN(ts
Prlor Y¢ar
Funds
S08 Raising funds
Fundraising Social Events
Marketing Expenses
Fundraising platform fees
Membership of organisations
909
408
408
108
192
20
30
30
Total
lJ47
1047
320
S09 Chorltablt attivAtle$
FPSC Membership
Insurance Contribution
Boat Purchase asso¢iated costs
Boat Equipment
Sailing Clothing & Buoyancy
Safety Equipment
Other Miscellaneous Equipment
Hoist Checks & Maintenance
Materials etc for lo¢al repair
Maintenance Contract5
Hclper UK Travel Expenses
Other.8ailing F.xpe.nses
Trophies & Prizes
Sailor Bursaries I Sponsorship
FPSC Training Courses
Safety Training
Hosting Sailing Events
Summer BBQ
Other Social Events
Working Party Lunches
Miscellaneou5 Help¢r Expenses
H¢lper Te&s & Coffee5
Branded Clothing for R¢sale
Youth Prograrnme Miscellaneous
Membership Expenses
7,542
2,007
140
255
7,542
2,007
140
255
7,710
1,932
58
1.156
85
705
846
79
210
1,431
95
98
705
846
79
210
1,431
95
98
814
52
210
616
60
153
1,000
100
450
297
2,017
427
920
258
420
936
100
450
297
2,017
427
920
258
420
936
245
511
100
1.597
25
50
50
Total
19J93
19J93
16,516
Sl l Other
Auditl8c¢ounting fees
Other professional f¢¢s
Baok Charg¢s
Depreciation Land & Buildings
Depreciation Fixtures & Fits.
Depreci4tion Boats
598
838
104
4,008
598
838
576
3,000
4.008
1,194
7.361
4,008
1,540
19,000
6,731
630
Total
13,473
630
14,103
28,214
Total Expenses
34313
630
34.843
45,050
15

Frensham Pond Sailablllty
Notes to the Financial Statements
For the Year ended 31 October 2022
TANGIBLE FIXED ASSETS
Land &
Bulldlng
BoAts &
Boat Equip
Fixture5 &
Flttlngs
Total
Cost
Opening Balance l November 2021
Revaluation Adjustrnents
Revised Opening Balance
2021122 Additions
2021122 Revaluations
2021122 Disposals
2021122 Depreciation
2021122 Transfers between Categorics
Closing Balance 31 October 2022
59.103
189,827
21.958
270,888
59,103
184.477
13,678
21,958
290
265,538
13.968
18,8251
(8.825)
59,103
189330
22,248
270.681
Aceumulated depreeiitlon
Opening Balance l November 2021
Revaluation Adjustment5
Revised Opeijing Balance
2021122 Revaluatio]]5
2021122 Di5P05a15
2021122 Depreciation
2021122 Transfers between Categories
Closing Balance 31 October 2022
36,340
160,831
15,350}
155,481
19,827
216.998
15,350}
211.648
36.340
19.827
18,825)
7,361
18.825)
12,563
4,008
1,194
154,017
215 386
Net Book Vglue
Opening Balance l November 2021
C105ing Balance 31 Octob¢r 2022
22,763
18,755
28,996
35,313
2.131
1,227
53.890
55,295
DEBTORS
The Charity made an early payment of its membership subscription of £ 8.238 to Frensham Pond S*ulill8
Club, the Charity's sole Full M¢mber, for use of its facilities during 2022-2023.
CHARITY FUNDS
Purpose of
Fund
Type
Balance
blforward
Income
Expend.
TrRnsfers
GAins &
Losses
BAI. At
31110n2
I.PuTchase of
boats
2. Youth Sailor
programme
3. Facilities
Unrestricted
Improvements D¢signated
Restricted
14,510
(6301
13,880
Restricted
1,237
1251
1,237
40,000
60,000
100,000
4.General
Unrestricted
93,589
92,165 (33,3751
{60,838}
91.541
Totals
134,826
106,675 134.842)
206,658
16

Frensham Pond Sailabillty
Notes to the Finan¢lal Ststements
For the Year ended 31 October 2022
The unr¢stri¢ted designated fund was created in 2020 to identify funds allocated to the development of
Sailability facilities in conjunction with Fren5ham Pond Sailing Club. Thanks to the generous bequests the
ChaTLty could increase the fund to £lOO,000.
During the year the Charity received £14.510 destined to purchase new boats. Where restricted fijnds have
been used to pur¢hAse capilalised itern5, only the depreciation charge is ¢harged to the Statement of
Financial Activit2es, although the remaining balance of those assets has already been spent. The remaining
Restricted Funds are held in the assets as shown in th¢ next note. Un¢xpend¢d and Uncommitt￿ restricted
funds amount to £15,117.
TRAf4SACTiof+is WITH TRUSTEES & RELATED PARTIES
Throughout the period the company was controlled by the trustees. The trustees serve on a voluntary basis
and receive no remllneration. There were no paid employees. During the period 6 payments totaling
£832.09 wer¢ reimburs¢d to three trustees for purchases made on behalf of the charity, and 6 paym¢nts for
£189.50 were weived by thrte trustees for tickets to charitable events.
The Charity has indemnity insuranc¢ in pla¢e to protect the Charity from loss resulting from defaults of it5
trustees. volunteers, agents. and to llldemnify the trustees or other otTic¢rs against the cotts¢quences of any
neglect or default on their part through the Cover provided for the same aspect5 by Frensham Pond Sailing
Club, its 501e Full Member.
During the period the Charity paid membership subscrtptlOll5 to ils sole Full Member, Frensham Pond
Sailing Club. for use of its f&cilities of £7,542 and £2.007.33 for insuran¢e. There were further ad ho¢
payments to the Sziling r.liib for a iotal of £3.917.07* prim&tily rclat¢d to tlje Ubf Of the club's ¥alley.
17