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2025-10-31-accounts

Registered Company Number: 07621461 Registered Charity Number: 1142761

Frensham Pond Sailability

Annual Report and Financial Statements for the Year Ended 31 October 2025

Frensham Pond Sailability Annual Report and Financial Statements for the Year ended 31 October 2025

Contents Page No.
Report of the Trustees 3
Report of the Independent Examiner 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11

2

Frensham Pond Sailability Report of the Trustees for the Year ended 31 October 2025

The trustees, who are directors of the Company for the purposes of company law, are pleased to present their report, together with the financial statements of the company for the period ended 31st October 2025.

Reference and administrative details

Company No: 07621461 Charity Number: 1142761 Registered Office: Frensham Pond Sailability c/o Frensham Pond Sailing Club, Pond Lane, Churt Farnham, Surrey GU10 2QA Independent Examiner: Stuart J Harris SEEBYS Consultancy Limited 2 North Fryerne, Yateley, Hampshire, GU46 7ST Bankers: Lloyds TSB Bank plc. 25 Gresham Street London EC2V 7HN CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill West Malling, Kent ME19 4JQ United Trust Limited One Ropemaker Street London EC2Y 9AW Lawyers: Moore Barlow LLP. The Oriel, Sydenham Road Guildford, Surrey GU1 3SR

Directors and Trustees

The directors of the Charitable Company (the Charity) are its trustees for the purpose of Charity Law and throughout this report are collectively referred to as the trustees:

The Trustees serving throughout the period (except as noted) were as follows:

Mr R.A. Anstey (Resigned 7 Nov 2024) Mr I.D. Barrett Mrs C.E. Cook Mr C.S. Crowther Mr G.A. Machen Mr P.A. Mutton (Resigned 7 Nov 2024) Mr P.J. Schroeder Mrs A.L.J. Skirrow Mrs C.M. Whyatt Ms J. H. E. Riggs (Appointed 17 December 2024)

3

Frensham Pond Sailability Report of the Trustees for the Year ended 31 October 2025

Structure, Governance and Management

The Limited Company was incorporated on 4[th] May 2011 and was dormant until 6 July 2011 when Frensham Pond Sailability (FPS) was entered on the Register of Charities. These accounts cover the accounting period from 1[st] November 2024 to 31[st] October 2025.

Governing Document

The company is limited by Guarantee and is governed by its Memorandum and Articles of Association dated 16[th] January 2024. It is a registered charity (No.1142761). The sole Full Member is Frensham Pond Sailing Club (Activities) Ltd (FPSCA) as represented by FPSCA’s General Committee (“GC”).

Appointment of Trustees

The appointment of Trustees is undertaken by the sole Full Member. In addition, every year one third of the trustees must retire from office but are eligible for reappointment. At the GC meeting of 15th April 2025, the GC approved the re-election of Catherine Cook and Lisa Skirrow. The new appointments were accepted by the Companies House and Charity Commission during May 2025.

Organisation

Administration of the affairs of the Charity is carried out by the Sailability Management Committee (“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 Management

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 mitigate our exposure to the major risks.

Objectives and Activities

Frensham Pond Sailability (“FPS” or the “Charity”) is a registered charity whose objects are the provision and maintenance 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 33 boats (including 1 safety boat) at Frensham Pond, from the premises of Frensham Pond Sailing Club (Activities) Ltd, which is the sole Full Member of Frensham Pond Sailability. Prior to the establishment of the company and registered charity, Sailability was established in September 2001 as a division of Frensham Pond Sailing Club.

The Charity’s activities are facilitated entirely by volunteer 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.

4

Frensham Pond Sailability Report of the Trustees for the Year ended 31 October 2025

Achievements and Performance

General Overview

Frensham Pond Sailability had a very successful sailing season in 2025, with attendance maintained at very high levels. 2025 Season highlights are:

Financial Review

Frensham Pond Sailability remains financially secure. Our regular donors continued to support us for which we are grateful, and we maintained costs under control. We continue to invest in our assets and infrastructure and manage reserves for possible new buildings which remain subject to the Club’s lease renewal and development plan.

Policy on Cash Reserves

Our policy on Reserves remains the same, with our aim for an equivalent of between one and one and a half year’s expenditure in a normal year to be held as Cash Reserves. Our Cash Reserves amounted to £219,191 given by the exceptional nature of the bequest received in 2021 and the possibility of construction of new buildings subject to the FPSC Development Plan.

5

Frensham Pond Sailability Report of the Trustees for the Year ended 31 October 2025

Plans for the Future

The priority areas identified for 2025/2026:

6

Frensham Pond Sailability Report of the Trustees for the Year ended 31 October 2025

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements 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 financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable 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 (Accounts and Reports) Regulations, 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 detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the trustees on ___ 2026 and signed on their behalf by:

……………………………………..

……………………………………..

……………………………………..

7

Frensham Pond Sailability Report of the Independent Examiner to the Trustees For the Year ended 31 October 2025

I report on the accounts of the Charity for the period ended 31 October 2025 which are set out on pages 9 to 17.

Respective responsibilities 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 trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to 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

In connection with my examination, no material matters have come to my attention which gives me cause to believe that, in any material respect:

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.

Date: 22/03/2026

Signed:

8

Frensham Pond Sailability Statement of Financial Activities for the Year ended 31 October 2025

Notes
Income from:
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
4
Raising funds
Charitable activities
Other
Total
Net income/(expenditure) before
investment gains/(losses)
Net gains/(losses) on investments
Net income/(expenditure)
Extraordinary items
Transfers between funds
Net Movement in Funds
Reconciliation of Funds
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
Restricted
Funds
Total
Funds
Prior Year
Funds
£
£
£
£
35,711
27,209
62,920
42,495
9,881
-
9,881
8,327
240
-
240
581
8,052
-
8,052
3,772
-
2,500
2,500
1,500
53,883
29,709
83,592
56,675
65
-
65
372
28,473
8,363
36,835
33,862
14,464
8,376
22,840
19,727
43,002
16,739
59,740.19
53,961
10,881
12,971
23,852
2,714
- -
--

10,881
12,971
23,852
2,714
- -
--
- -
--
10,881
12,971
23,852.17
2,714
201,114
51,227
252,342
249,627
211,995
64,198
276,194
252,342

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

9

Frensham Pond Sailability Balance Sheet As of 31 October 2025

Notes
Fixed assets
5
Intangible assets
Tangible assets
Investments
Total fixed assets
Current assets
Stocks
Debtors
6
Investments
Cash at bank and in hand
Total current assets
Creditors:amounts falling due
7
within one year
Net current assets/(liabilities)
Total assets less current liabilities
Creditors:amounts falling due
after more than one year
Total net assets or liabilities
Funds of the Charity
8
Restricted funds
Unrestricted funds
Total funds
Unrestricted
Restricted
Total Year
Prior Year
Funds
Funds
Funds
Funds
£
£
£
£
- - -
-
25,660
40,477
66,137
63,214
- - -
-
25,660
40,477
66,137
63,214
- - -
-
436
125
561
-
- - -
-
219,191
-
219,191
189,127
219,627
125
219,752
189,127
1,838.35
7,856.80
9,695.15
-
217,789
-7,732
210,057
189,127
243,449
32,745
276,193.67
252,342
- - - -
243,449
32,745
276,194
252,342
-
64,198
64,198
51,227
211,995
-
211,995
201,114
211,995
64,198
276,193.67
252,342

The company was entitled to exemption from audit under s477 of the Companies Act 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 section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying 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 to the small companies regime and in accordance with FRS102 SORP.

Signed by two trustees/directors on behalf of all
the trustees/directors
Print Name Date of approval
dd/mm/yyyy

10

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

The attached notes form part of the financial statements

11

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

1. BASIS OF PREPARATION

Basis of accounting

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice “Accounting and reporting by Charities” preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.

2. ACCOUNTING POLICIES

2.1 Income

Recognition of Income

Income is included in the Statement of Financial Activities (SOFA) when:

Grants

Grants are credited to income in the year in which they are received.

Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements. Details of the contribution made by volunteers can be found in the trustees’ annual report.

Where services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity, unless the amounts are insignificant.

2.2 Expenditure

Recognition of Expenditure

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of any VAT, which cannot be recovered.

2.3 Assets

Tangible Fixed Assets

Fixed assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or donated value.

12

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

Depreciation

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

Land and Buildings – Over 10 years, straight line basis. Boats & Boat Equipment – Over 6 years, straight line basis. Fixtures, Fittings and Office Equipment – Over 4 years, straight line basis.

Stocks

Stocks held for sale are valued at the lower of cost and net realisable value, after adding due allowance for obsolete and slow moving items. Our stock levels remained at zero during the current financial year.

13

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

3. INCOME Unrestricted
Funds
Restricted
Funds
Year Total
Funds
Prior Year
Funds
£ £ £ £
S01 Donations and legacies
Donations received 4,563 13,869 18,432 28,745
Charity Donations received 25,750 10,847 36,597 12,250
Gift aid tax income 5,198 2,494 7,691.88 -
Grants received - -
-
-
Bequests and legacies 200 -
200
-
Gifts in kind - -
-
2,500
Total 35,711 27,209 62,920 42,495
S02 Charitable activities
Individual Membership Subs 6,350 -
6,350
5,190
Group Membership Subs 720 -
720
1,457
Income from Sailing Events - -
-
-
Summer BBQ Tickets - -
-
-
Sale of Misc Equipment - -
-
-
Other Social Events income 2,811 -
2,811
1,680
Total 9,881 -
9,881
8,392
S01 + S02 Total 45,592 27,209 72,801 81,098
S03 Other trading activities
Fundraising Events income 170 -
170
272
Clothing for Re-sale 70 -
70
199
Stock Sales - -
-
-
Stock Cost of Sales - -
-
-
Other Trading Activities - -
-
110
Proceeds from Other Sales - -
-
-
S03 Total 240 -
240
410
S04 Investments
Interest received 8,052 -
8,052
3,772
S04 Total 8,052 -
8,052
8,051
S06 Other
Gain/Loss Sale of Fixed Assets - 2,500 2,500 1,500
S06 Total 0 2,500 2,500 2,500
Total Income 53,883 29,709 83,592 92,059

14

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

4. EXPENDITURE
S08 Raising funds
Fundraising Social Events
Marketing Expenses
Membership of organisations
Total
S09 Charitable activities
FPSC Membership
Insurance Contribution
Boat Purchase associated costs
Boat Equipment
Other Miscellaneous Equipment
Safety Equipment
Sailing Clothing & Buoyancy
Hoist Checks & Maintenance
Other Sundries
Repairs by Professionals
Maintenance Contracts
Helper UK Travel Expenses
Helper Overseas Travel Expense
Other Sailing Expenses
Trophies & Prizes
Sailor Bursaries / Sponsorship
Non FPSC Sailing Courses
Safety Training
Hosting Sailing Events
Other Social Events
Working Party Lunches
Helper Teas & Coffees
Branded Clothing for Resale
Youth Programme Miscellaneous
Other Sundries
Total
S11 Other
Audit/accounting fees
Bank Charges
Legal professional fees
Depreciation Land & Buildings
Depreciation Fixtures & Fits.
Depreciation Boats
Total
Unrestricted
Restricted
Year Total
Prior Year
Funds
Funds
Funds
Funds
£
£
£
£
-
-
-
-
35
-
35
342
30
-
30
30
65
-
65
372
11,113
-
11,113
10,759
531
-
531
2,709
-
-
-
-
-
-
-
1,120
3,107
-
3,107
4,005
-
-
-
106
355
-
355
1,359
817
-
817
745
178
-
178
809
3,264
7,863
11,127
-
-
-
-
-
1,114
-
1,114
1,159
591
-
591
2,181
-
500
500
-
150
-
150
-
-
-
-
6,100
1,428
-
1,428
-
-
-
-
-
-
-
-
-
3,176
-
3,176
1,179
761
-
761
440
1,887
-
1,887
1,193
-
-
-
-
-
-
-
-
-
-
-
-
28,473
8,363
36,835
33,862
1,298
-
1,298
1,626
502
-
502
205
694
-
694
-
4,408
-
4,408
4,284
940
-
940
343
6,622
8,376
14,998
13,270
14,464
8,376
22,840
19,727
Total Expenses 43,002
16,739
59,740.19
53,961

15

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

5. TANGIBLE FIXED ASSETS

Cost
Opening Balance at 1 November 2024
Revaluation Adjustment
Revised Opening Balance
2024/25 Additions
2024/25 Disposals
Closing Balance at 31 October 2025
Accumulated depreciation
Opening Balance at 1 November 2024
Revaluation Adjustment
Revised Opening Balance
2024/25 Disposals
2024/25 Depreciation
Closing Balance at 31 October 2025
Net Book Value
Opening Balance 1 November 2024
Closing Balance 31 October 2025
Land &
Building
Boats &
Boat Equip
Fixtures &
Fittings
Total
£
£
£
£
61,803
211,497
22,480
295,780
-
-
-
-
61,803
211,497
22,480
295,780
1,638
11,540
10,090
23,268
-
-6,793
-
-6,793
63,441
216,244
32,570
312,256
48,640
161,753
22,173
232,566
-
-
-
-
48,640
161,753
22,173
232,566
-
-6,793
-
-6,793
4,408
14,998
940
20,346
53,048
169,958
23,113
246,119
13,163
49,743
307
63,214
10,393
46,286
9,457
66,137

6. CURRENT ASSETS

DEBTORS
Tax Recoverable
Sundry Debtors
IABILITIES
LIABILITIES:AMOUNTS FALLING
DUE WITHIN ONE YEAR
Trade Creditors
Accruals and deferred income
Year Total
Funds
Prior Year
Funds
395
-
167
-
561
-
4,448
-
5,247
-
9,695
-

7. LIABILITIES

16

Frensham Pond Sailability Notes to the Financial Statements For the Year ended 31 October 2025

8. CHARITY FUNDS

Purpose of Fund Type Balance
b/forward
Income Expend. Transfers Gains &
Losses
Bal at 31
October 25
£ £ £ £ £ £
1. Boats Fund Restricted 40,410 10,000.00 -8,376.00 - - 42,033.72
2. Youth Sailor programme Restricted 1,237 - - - - 1,236.60
3. Facilities Improvements Designated 100,000 - - - - 100,000.00
4. Educational Fund Restricted 9,581 - - - - 9,581.14
5. Jetty/Pavillion repair Restricted - 7,862.50 -7,862.50 - - -
6. Hansa Fund Restricted - 5,000.00 - - - 5,000.00
7. Hoist purchase Restricted - 5,246.80 - - - 5,246.80
8. RoRo Fund Restricted - 600.00 -500.00 - - 100.00
9. Sail Fund Restricted - 1,000.00 - - - 1,000.00
General Unrestricted 101,114 53,883.06 -43,001.69 - - 111,995
Total Balance 252,342 83,592 -59,740 - - 276,194

Where restricted funds have been used to purchase capitalised items, only the depreciation charge is charged to the Statement of Financial Activities, although the remaining balance of those assets has already been spent.

9. TRANSACTIONS WITH TRUSTEES & RELATED PARTIES

Throughout the period the company was controlled by the trustees. The trustees serve on a voluntary basis and receive no remuneration. There were no paid employees. During the period 14 payments totaling £3,328 were reimbursed to three trustees for purchases made on behalf of the charity.

The Charity has indemnity insurance in place to protect the Charity from loss resulting from defaults of its trustees, volunteers, agents, and to indemnify the trustees or other officers against the consequences of any neglect or default on their part through the cover provided for the same aspects by Frensham Pond Sailing Club (Activities) Ltd, its sole Full Member.

During the period the Charity paid membership subscriptions to its sole Full Member, Frensham Pond Sailing Club, for use of its facilities of £11,113 and £531.22 for insurance. There were further ad hoc payments to the Sailing Club for a total of £6,765.55, primarily related to the use of the club’s galley.

17