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:
- Membership and sailing sessions at very high levels. This season saw 159 sailor members (41 new and 118 returning). 42 sailors were under 19 years old. This year 2566 individual sailing sessions were provided (vs 2494 in 2024). This included 496 race training sessions compared with 471 in 2024.
- More participation by Schools and other Groups. Ridgeway, Pond Meadow, Undershaw Schools, and Pathways Education sailed in the Summer Term with Green Room School sailing in the Autumn. One-off events were held for Shooting Star Hospice, Farnham Lions, Halow Project and Dementia Friendly Hampshire. These four events provided sailing to children and adults from local organisations.
- Youth and Progress Groups thriving. These groups have dedicated sessions with on-water coaching on Saturdays and continue to be very popular.
- Sailing successes in UK and international events. Sailors from FPS participated in 9 Hansa Traveller Trophy events at various venues and the UK Hansa Nationals retaining the Ben Ainslie Trophy for the 18[th] consecutive year as the most successful Hansa Team in the UK. Two Frensham sailors also competed in the Hansa World Championships in Sydney, Australia where they came 4[th] and 17[th] out of a fleet of 32 competitors.
- The Charity’s programme has been supported this year by 85 volunteers. We have continued our comprehensive volunteer training which includes First Aid, Hoisting, Buddying, Disability Awareness and Safeguarding. All volunteers have up to date DBS certification.
- New online boat booking system and database. The bespoke IT system developed by one of our sailors and introduced in 2024 has been consolidated and developed further to help manage our sailing sessions and our sailor and volunteer membership records.
- Three of our sailors and volunteers have won awards from the local sporting community. One sailor and one volunteer won awards from Farnham Sports Council and one sailor won an award from Sport Haslemere.
## 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:
- Encourage more sailors to participate in Club racing and external events (Hansa TTs, etc)
- Encourage more use of FPS 2.4mR keelboats
- Progress new shore facilities once the Club’s lease renewal and overall site development plans are finalised
- Recruit new Trustees to include a Finance Officer and at least one sailor member.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- examine the accounts under section 145 of the Charities Act,
- 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 my attention.
## **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:
- accounting 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 accounting 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 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:
- The charity becomes entitled to the resources;
- It is more likely than not that the trustees will receive the resources;
- The monetary value can be measured with sufficient reliability
## **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.
- 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 activities.
- Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
## **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.
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