OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-10-31-accounts

COMPANY REGISTRATION NUMBER: 08168197 CHARITY REGISTRATION NUMBER: 1149489

Hawley Lake Sail Training Centre Company Limited by Guarantee

Unaudited Financial Statements

31 October 2025

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2025

Page
Trustees' annual report (incorporating the director's report) 1
Independent examiner's report to the trustees 4
Statement of financial activities (including income and
expenditure account) 5
Statement of financial position 6
Notes to the financial statements 7
The following pages do not form part of the financial statements
Detailed statement of financial activities 16
Notes to the detailed statement of financial activities 17

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2025.

Reference and administrative details

Registered charity name Hawley Lake Sail Training Centre Charity registration number 1149489 Company registration number 08168197 Principal office and registered Hawley Lake Sail Training Centre office 3 Rsme Regiment - Gibraltar Barracks Blackwater Camberley GU17 9LP Surrey The trustees C Hale (Resigned 31 December 2025) DJ Morgan (Resigned 23 January 2026) J Halstead (Resigned 23 January 2026) M Ambroziak (Resigned 23 January 2026) MR Lysaght (Resigned 14 January 2025) SA Wareing (Appointed 20 May 2025) Independent examiner Sam McManners BA ACA 269 Farnborough Road Farnborough Hampshire GU14 7LY

Structure, governance and management

The policies and procedures for the induction and training of trustees Trustees are given an induction on assuming their role. They are provided with a Trustees guide supplied by the Charity Commission, and they are also advised to follow guidance on the Charity Commission website. Attendance at formal Charity training is also recommended.

How the charity makes decisions and how decisions are delegated

The committee has Terms of Reference and a set of guidelines approved by the Board of Trustees.

1

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2025

Objectives and activities

The objects of the charity are as follows:

 The advancement of education and training by the provision of facilities for the sport of sailing and other water sports.

HLSTC provides public benefit by assisting service personnel to more effectively perform their roles within the Armed Forces of the Crown. It does this by providing and supporting sporting and adventure training activities. This assistance enables service personnel to face the challenges and dangers associated with military service by developing and maintaining teamwork, skills, fitness, confidence, character, spirit, attitude and morale.

As a result HLSTC promotes the efficiency of the Armed Forces of the Crown by enhancing the British Army's capability to undertake the roles demanded of it including the defence of the United Kingdom and its interests.

HLSTC provides public benefit by educating and training for young people, in the sport of sailing and other watersports.

It is confirmed that due regard has been paid to the Charity Commission of England and Wales's guidance on public benefit when deciding what activities the Charity should undertake.

Achievements and performance

During the year the charity

 Ran a successful programme of RYA activities across the season in sailing and powerboating to achieve recognised qualifications Ran a number of team cohesion activities and events for local and regional Armed Forces units

Cadet and RAF Cadet AT through the Summer from local and regional areas

The RYA course bookings remained fairly stable, but cost of living is putting pressure on the consumer market. Membership levels remained fairly stable compared with the prior year.

2

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2025

Financial review

The total income of the charity amounted to £186,646 (2024: £188,648) with £184,929 (2024:£188,648) coming from the provision of training courses and access to the lake facilities, together with bar sales and event hire. Expenditure during the year amounted to £222,681 (2024: £204,873). There was a deficit in the year amounting to £36,035 (2024: £16,225).

At the end of the year the charity had reserves totalling £141.518 (2024: £177.553), with cash of £69,707 (2024: £78,991).

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

29 Jul 2026 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

C Fife-Schaw Chris Fife-Schaw (Jul 29, 2026, 4:19pm) Trustee

3

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Hawley Lake Sail Training Centre

Year ended 31 October 2025

I report to the trustees on my examination of the financial statements of Hawley Lake Sail Training Centre ('the charity') for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Sam McManners BA ACA Independent Examiner

269 Farnborough Road Farnborough Hampshire GU14 7LY

4

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 October 2025

2025 2024
Unrestricted
fundsTotal funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 875 875 324
Charitable activities 6 184,929 184,929 187,391
Investment income 7 842 842 933
───────── ───────── ─────────
Total income 186,646 186,646 188,648
═════════ ═════════ ═════════
Expenditure
Expenditure on raising funds:
Costs of other trading activities 8 (46,558) (46,558) (61,946)
Expenditure on charitable activities 9,10 (176,123) (176,123) (142,927)
───────── ───────── ─────────
Total expenditure (222,681) (222,681) (204,873)
═════════ ═════════ ═════════
───────── ───────── ─────────
Net expenditure and net movement in funds (36,035) (36,035) (16,225)
═════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 177,553 177,553 193,778
───────── ───────── ─────────
Total funds carried forward 141,518 141,518 177,553
═════════ ═════════ ═════════

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

The notes on pages 7 to 14 form part of these financial statements.

5

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Statement of Financial Position

31 October 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 16 84,832 109,135
Current assets
Stocks 17 972 1,111
Debtors 18 10,185 4,063
Cash at bank and in hand 69,707 78,991
──────── ────────
80,864 84,165
Creditors: amounts falling due within one year 19 24,178 15,747
──────── ────────
Net current assets 56,686 68,418
───────── ─────────
Total assets less current liabilities 141,518 177,553
───────── ─────────
Net assets 141,518 177,553
═════════ ═════════
Funds of the charity
Unrestricted funds 141,518 177,553
───────── ─────────
Total charity funds 20 141,518
═════════
177,553
═════════

For the year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 29 Jul 2026

Chris Fife-Schaw (Jul 29, 2026, 4:19pm)

C Fife-Schaw Trustee

The notes on pages 7 to 14 form part of these financial statements.

6

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hawley Lake Sail Training Centre, 3 Rsme Regiment - Gibraltar Barracks, Blackwater, Camberley, GU17 9LP, Surrey.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

No cash flow statement has been presented for the company

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been considered by the trustees.

7

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

8

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

9

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. / financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4. Limited by guarantee

The charity is under the control of its legal members.

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations under £1,000 875 875 324 324
════ ════ ════ ════

10

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

6. Charitable activities

Unrestricted
Total Funds
Unrestricted Total Funds
Funds
2025
Funds 2024
£ £ £ £
Sale of goods/services as part of direct
charitable activities 184,929
184,929
187,391 187,391
═════════
═════════
═════════ ═════════
7. Investment income
Unrestricted
Total Funds
Unrestricted Total Funds
Funds
2025
Funds 2024
£ £ £ £
Bank interest 842
842
933 933
════
════
════ ════
8. Costs of other trading activities
Unrestricted
Total Funds
Unrestricted Total Funds
Funds
2025
Funds 2024
£ £ £ £
Costs of other trading activities -
Operating trading company 46,558
46,558
61,946 61,946
════════
════════
════════ ════════
9. Expenditure on charitable activities by fund type
Unrestricted
Total Funds
Unrestricted Total Funds
Funds
2025
Funds 2024
£ £ £ £
Support costs 176,123
176,123
142,927 142,927
═════════
═════════
═════════ ═════════
10. Expenditure on charitable activities by activity type
Total funds Total fund
Support costs 2025 2024
£ £ £
Training and Sailing Activity 174,573 174,573 141,427
Governance costs 1,550 1,550 1,500
───────── ───────── ─────────
176,123 176,123 142,927
═════════ ═════════ ═════════

11

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

11. Analysis of support costs

Training and
Sailing
Activity Total 2025 Total 2024
£ £ £
Staff costs 106,849 106,849 76,947
Premises 22,609 22,609 20,640
Communications and IT 660 660 610
General office 19,882 19,882 17,366
Depreciation 24,573 24,573 25,864
───────── ───────── ─────────
174,573 174,573 141,427
═════════ ═════════ ═════════
12. Net expenditure
Net expenditure is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 24,573 25,864
════════ ════════
13. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,550
═══════
1,500
═══════

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
£ £
Wages and salaries 133,147 115,750
═════════ ═════════
The average head count of employees during the year was 6 (2024: 6). The average number of
full-time equivalent employees during the year is analysed as follows:
2025 2024
No. No.
Number of staff 6 6
════ ════

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

12

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

16. Tangible fixed assets

Plant and
machinery
£
Cost
At 1 November 2024 205,852
Additions 270
─────────
At 31 October 2025 206,122
═════════
Depreciation
At 1 November 2024 96,717
Charge for the year 24,573
─────────
At 31 October 2025 121,290
═════════
Carrying amount
At 31 October 2025 84,832
═════════
At 31 October 2024 109,135
═════════
17. Stocks
2025 2024
£ £
Raw materials and consumables 972 –
Finished goods and goods for resale – 1,111
──── ───────
972 1,111
════ ═══════
18. Debtors
2025 2024
£ £
Prepayments and accrued income 10,185 4,063
════════ ═══════
19. Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 17,574 10,208
Social security and other taxes 6,604 5,539
──────── ────────
24,178 15,747
════════ ════════

13

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

20. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 November 2 31 October 2
024 Income Expenditure 025
£ £ £ £
General funds 177,553 186,646 (222,681)
141,518
═════════ ═════════ ═════════
═════════
At At
1 November 2 31 October 20
023 Income Expenditure 24
£ £ £ £
General funds 193,778 188,648 (204,873)
177,553
═════════ ═════════ ═════════
═════════
Analysis of net assets between funds
Unrestricted Total Funds
Funds 2025
£ £
Tangible fixed assets 84,832 84,832
Current assets 80,864 80,864
Creditors less than 1 year (24,178)
(24,178)
─────────
─────────
Net assets 141,518 141,518
═════════
═════════
Unrestricted Total Funds
Funds 2024
£ £
Tangible fixed assets 109,135 109,135
Current assets 84,165 84,165
Creditors less than 1 year (15,747)
(15,747)
─────────
─────────
Net assets 177,553 177,553
═════════
═════════

21. Analysis of net assets between funds

14

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Management Information

Year ended 31 October 2025

The following pages do not form part of the financial statements.

15

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 October 2025

2025 2024
£ £
Income and endowments
Donations and legacies
Donations under £1,000 875 324
──── ────
Charitable activities
Sale of goods/services as part of direct charitable activities 184,929 187,391
───────── ─────────
Investment income
Bank interest 842 933
──── ────
───────── ─────────
Total income 186,646 188,648
═════════ ═════════
Expenditure
Costs of other trading activities
Purchases 9,136 10,834
Wages and salaries 26,298 38,803
Repairs and maintenance 8,341 9,569
DetailedSOFAExpenditureOnOtherTradingActivitiesType1H 2,783 2,740
───────── ─────────
46,558 61,946
───────── ─────────
Expenditure on charitable activities
Wages and salaries 106,849 76,947
Rates and water 14,521 14,347
Light and heat 8,089 6,293
Insurance 11,898 8,452
Other motor/travel costs 122 142
Legal and professional fees 1,550 1,500
Telephone 660 608
Other office costs 7,861 8,774
Depreciation 24,573 25,864
───────── ─────────
176,123 142,927
───────── ─────────
───────── ─────────
Total expenditure 222,681 204,873
═════════ ═════════
───────── ─────────
Net expenditure (36,035) (16,225)
═════════ ═════════

16

Hawley Lake Sail Training Centre

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 October 2025

2025 2024
£ £
Costs of other trading activities
Costs of other trading activities - Operating trading company
Operating trading company - purchases 9,136 10,834
Operating trading company - wages and salaries 26,298 38,803
Operating trading company - repairs & maintenance 8,341 9,569
Other operating costs 2,783 2,740
──────── ────────
46,558 61,946
──────── ────────
──────── ────────
Costs of other trading activities 46,558 61,946
════════ ════════
Expenditure on charitable activities
Training and Sailing Activity
Support costs
Support charitable activity 1 - wages/salaries 106,849 76,947
Support charitable activity 1 - rates & water 14,521 14,347
Support charitable activity 1 - light & heat 8,089 6,293
Support charitable activity 1 - insurance 11,898 8,452
Support charitable activity 1 - other motor/travel costs 122 142
Support charitable activity 1 - telephone 660 608
Support charitable activity 1 - other office costs 7,861 8,774
Support charitable activity 1 - depreciation 24,573 25,864
───────── ─────────
174,573 141,427
───────── ─────────
Governance costs
Governance costs - accountancy fees 1,550 1,500
─────── ───────
───────── ─────────
Expenditure on charitable activities (176,123) (142,927)
═════════ ═════════

17

Issuer

Issuer Treetops Chartered Accountants Document generated Wed, 29th Jul 2026 15:41:07 BST Document fingerprint cbbbf56d34eb416e43f8b0f6a8c3fbc9

Parties involved with this document

Document processed Party + Fingerprint Wed, 29th Jul 2026 16:19:15 BST Chris Fife-Schaw - Signer (ca4951f78c1c9c07d7054206830385d1) Audit history log Date Action Wed, 29th Jul 2026 15:41:07 BST Envelope generated with fingerprint 7023ed94fa8a546535b6fccdb4c0b6bb by andy@ttca.co.uk (82.4.124.168) Wed, 29th Jul 2026 15:41:07 BST Document generated with fingerprint ddd0460df2bb22dc9843eb93a8956add (82.4.124.168) Wed, 29th Jul 2026 15:41:08 BST Document generated with fingerprint cbbbf56d34eb416e43f8b0f6a8c3fbc9 (82.4.124.168) Wed, 29th Jul 2026 15:43:14 BST Chris Fife-Schaw has been assigned to this envelope. (82.4.124.168) Wed, 29th Jul 2026 15:45:18 BST Sent the envelope to Chris Fife-Schaw (c.fifeschaw@gmail.com) for signing (82.4.124.168) Wed, 29th Jul 2026 15:45:18 BST Document emailed to c.fifeschaw@gmail.com Wed, 29th Jul 2026 16:13:34 BST Chris Fife-Schaw opened the document email. (82.6.58.130) Wed, 29th Jul 2026 16:14:01 BST Chris Fife-Schaw opened the document email. (82.6.58.130) Wed, 29th Jul 2026 16:14:22 BST Chris Fife-Schaw viewed the envelope (82.6.58.130) Wed, 29th Jul 2026 16:19:16 BST Chris Fife-Schaw signed the envelope (82.6.58.130) Wed, 29th Jul 2026 16:19:16 BST This envelope has been signed by all parties (82.6.58.130) Wed, 29th Jul 2026 16:19:16 BST Signed document confirmation emailed to c.fifeschaw@gmail.com (82.6.58.130) Wed, 29th Jul 2026 16:19:16 BST Signed document confirmation emails have been sent to all parties (82.6.58.130)