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Annual Report 2023/24
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## **Coquet Shorebase Trust Ltd** ## **Annual Report for year ending 31[st] Jan 2024** ## **Management Committee (Trustees)** James Gibson (Chair) Liz Lowder (Vice Chair) Linda Pooley (Hon. Secretary) Vic Brown (Hon. Treasurer) Sue Belshaw Richard Booth Aaron Hobb Trevor Hobb Stephen Gibson Ian Ridley Chris Robinson Rebecca Walker ## **Company Secretary** Linda Pooley Registered Office: Coquet Shorebase, The Braid, Amble NE65 0WU Registered Company no: 06577073 Registered Charity no: 1150215 **Auditor** : Shona Walker CIPFA Windscarth, Hillside, Rothbury NE65 7PT **Solicitor** : Richard Twyford _Coquet Shorebase Trust Limited. Annual Report 2023 – 2024_ _1_ O’Neill Richmond Law Firm Ltd 25A Bridge Street Morpeth NE61 1PE Coquet Shorebase Trust Ltd is a not-for-profit Charitable Company limited by Guarantee. ## **Chairman’s Report** Well, we got off to what would be best described as a cold, damp and somewhat miserable start to our usually busy summer, but despite this and due to Tim and his team’s efforts, we came through rather well. Even if we did not make as much as in previous years, we did manage to achieve our aim of getting people on the water, making new connections and associations for future development and remaining financially viable with funding from various sources. Both the Canoe and Sailing clubs maintained a good level of membership and activity throughout the year. Andrew is looking forward to being assessed for his RYA Dinghy Senior Instructor award in early 2024, which will open up new opportunities for the club. We are also happy now to share our premises with the Amble and Newbiggin Skiff Rowing Clubs and look forward to closer ties. It’s really nice to see the new brightly painted skiffs , sitting in the corner of the compound. As for the Trust committee, we are presently reviewing and developing changes to our policies and procedures organised by Aaron with the help of pro bono lawyers from London. So overall we should feel quite positive for our future and I would like to thank each and every one of you for contributing to what I am proud to serve – the Coquet Shorebase Trust ## _**James Gibson**_ ## **Manager’s Report** ## **Aims and Objectives:** Our aims are to provide affordable watersports activities for the local community, to encourage people to get afloat safely, learn new skills and make friends in a supportive environment. Getting involved in these activities can change lives in so many ways. We welcome people of all ages and abilities and help them to participate at their own level of enjoyment. A key objective for this year was to source funding in order to deliver free/ low cost sessions to local community groups or charities. ## **Activities and clubs:** The Trust began the 2023 season with myself as manager now in my second year and familiar with the operational demands of the business. This included getting up to speed with the revamped website and online booking system which has now been up and running for 12 months. Most of the initial issues are now rectified, though there is always room to improve systems and the presentation of the website. Some new products were added to the programme to try and increase sales with varying degrees of success. Overall activity sessions and tours combined were comparable to the previous year with a slight monetary increase in turnover. We had 2200 ‘visits’ over the year. Tour participants (215 people) once again were lower than the previous year though not by a massive percentage drop compared to the 40% drop the season before. Hires did drop considerably in comparison to the 2022/23 season by close to 20%, this I would surmise could be put down to a number of reasons, (as with the tour numbers), such as more people returning to holidaying abroad with the drop in prices for the first time since the pandemic, the increase in cost of living meaning locals been _Coquet Shorebase Trust Limited. Annual Report 2023 – 2024_ _2_ more careful regards prioritising their spending and poor weather for a number of weeks over the main holiday period, leading to us not being able to hire or having to refund due to strong winds on some days. Also, the likes of Lidl etc flooding the market with cheap paddleboards made it affordable for people to purchase their own for use on the lake and river. RYA courses Powerboat (27 people) /Sailing/Windsurfing all fared better than the previous season and numbers and revenue were up by a modest amount. Pool Sessions were organised over the winter period primarily for CCC members to practice and perfect their self rescue skills, these have been well attended though barely profitable. The Canoe Club on the whole remains well supported, running sessions mainly at Amble, with a strong Sea Kayaking group very well established. Several members have gained BC leadership/coaching qualifications during this period. Attendance records for Amble and lake sessions were 478 for the season. The Paddleboard Yoga sessions were continued in 2023, though not as numerous, with a weekend festival held in June in which we play a major part by running children’s sessions, bespoke coaching, and the supply of equipment. We also provided support to a couple of large triathlon events held at the lake with mark laying, use of our facilities and safety cover. Tynemouth Sailing Club have again run their winter sailing series at the Lake, using our facilities and storing up to 26 dinghies. Thankfully this year was not affected by too much adverse weather. All but 2 sessions (lake iced over) of 18 went ahead with an average of 14 participants The majority of the activities we provide are to actively encourage participants to develop a long-term passion for their chosen activity making for a healthier lifestyle, and an appreciation for the outdoor environment. We meet these needs through our affiliated clubs. Club members have the use of all the Trust equipment for a small session fee; sessions are run by volunteer coaches or leaders who provide further training. Annual membership fees are kept low to make the clubs accessible to everyone. Financial support is given to members who wish to gain coaching and leadership qualifications. There were over 750 club ‘visits’ during the year, and 107 paid up members over the 3 clubs.. Despite the increase in uptake of dinghy and windsurfing courses over the period, numbers for the Sailing Club have not increased, however we have improved our relationship with Coquet Yacht Club and have run some joint sessions to encourage overall participation. The Windsurfing Club is desperately in need of regeneration with very little attendance at the lake for this last season except for the NEWS annual race weekend. We still hope to find someone to take up the gauntlet and bring in some new blood for 2024 as there has been some interest from NE universities. ## **Grants and Funding** Thanks to funding once again from the Ventient Sisters and North Steads Windfarm Community Benefit Fund we were able to resume the free watersports activity sessions for the local primary schools (Red Row, Broomhill and Grangeview) who all enjoyed time out on the water in 2023 and the Saturday kids club ran every Saturday morning throughout the school term time from Easter through to Halloween, initially well attended though numbers dwindled as the weather cooled towards the end of the year. The RYA Together fund and the Ballinger Trust provided the opportunity to work in partnership with Amble Youth Project to provide free sailing lessons two days per week over the Easter and summer school breaks. A further project was also funded through a Sport England Small grants award to deliver weekly paddle sessions for 12 weeks over the summer, both at the lake and Amble, this time in partnership with the Alnwick based Mind and Sole charity who provide activities and support to adults and young people with self-confidence and anxiety issues. In total just over £10,800 in grants was raised to provide activities free of charge during 2023 season. _Coquet Shorebase Trust Limited. Annual Report 2023 – 2024_ _3_ ## **Staff and volunteers.** This season it was initially a struggle in sourcing staff to cover the larger group sessions though as the year progressed we managed to recruit some local youngsters with lower level qualifications through the sea cadets, and a couple more as a continuation of work experience placements who, though lacking experience, proved willing and able to help out with the hires. Andrew put in a considerable amount of hours over the busy summer period and was invaluable when it came to running the many sailing sessions. He also endeavours, on a voluntary basis, more or less single handed, to keep the sailing club ticking over. Hilary continues doing a fine job in running the office and coordinating bookings especially helpful during busy times when I’m on the water facilitating sessions. As the Manager, I found this past season once again in parts both enjoyable and demanding. It was disappointing to finish the year with a loss despite making every effort to keep our costs to a minimum. My goal for this year was to try and raise funding and establish partnerships which would enable more disadvantaged groups to benefit from activities and projects. Although attendance could have been higher and a more successful outcome of continued participation through club memberships from those attending attained, participants enjoyed and benefited from the activities provided. Finally, I would like to recognise the efforts of volunteers who helped us out over the period, with special mention to committee members Hamish Gibson, who once again assisted regularly with the Saturday morning kids club, and Chris Robinson, who helped set up the Mind and Sole project, and assisted on the majority of the sessions. Also a special mention to Chris Brooks who gave up his time to work alongside Andrew on the twice weekly Amble Youth project sailing sessions over the Summer school break. And let’s not forget the Canoe Club members who were able to help out running estuary tours for us over the busier times in July/August when we were otherwise engaged. ## _**Tim Stuart**_ ## **Finance Report:** Although the accounts, including the value of fixed assets, show an overall loss of £15,880 for the year, we have to take into account the depreciation of £13,087. Looking only at current assets (money in bank, debtors and creditors) we ended the year down by £3,238, approx 3% of total income. Given the poor weather conditions, we were lucky it wasn’t more. We end the year with net current assets of £129,068, of which £60,000 is set aside as Designated Funds: £30,000 to support the Manager’s pay, £20,000 to cover expenses involved in the situation that the Trust is wound up and £10,000 for emergency expenses such as replacement of safety boats. The remainder represents approx 70% of our annual income, which equates to a prudent additional reserve. ## **Financial support** Thanks are due for the grants we received to pay for activities in 2023: from Sport England Together fund (£3240), Sport England Small Grants Lottery fund (£2280) and the Ballinger Trust (£1,000) We continue to get financial support for activities for young people living near the windfarms from the Ventient Sisters and North Steads Windfarm Community Benefit Fund (£4320). We are very grateful to all of them. ## _**Vic Brown**_ _Coquet Shorebase Trust Limited. Annual Report 2023 – 2024_ _4_ **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073** **Annual Accounts 01/02/2023to 31/01/2024** **Coquet Shorebase Trust Limited Balance Sheet as at 31 January 2024** ||**Note**||**2023/24**|**2022/23**| |---|---|---|---|---| |||£||_£_| |**ASSETS**|2|||| |Fixed Assets NBV|3||112,079|_124,721_| |**Total Tangible Assets**|||**112,079**|**124,721**| |Current Assets||||| |At bank and in hand|12||131,365|_142,966_| |Debtors|10||83|_0_| |**Total Current Assets**|||**131,448**|**142,966**| |Current Liabilities||||| |Creditors: falling due within one year|11||2,380|_10,660_| |**Net Current Assets**|||**129,068**|**132,306**| |Non-current Liabilities|||0|_0_| |**TOTAL ASSETS LESS LIABILITIES**|||**241,147**|**257,027**| |Capital and Reserves|4|||| |Accumulated funds at 01/02/2023|||257,027|_266,644_| |Surplus/(-)Deficit for year|||(15,880)|_(9,617)_| |**Accumulated funds carried forward 31/01/24**||**£ 241,147**|**£ 241,147**|**£ 257,027**| |Comprising: General equity Unrestricted Funds|||93,736|_102,162_| |Restricted Funds|||494|_2948_| |Designated funds|4||146917|_151917_| |||**£ 241,147**|**£ 241,147**|**£ 257,027**| _**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_ **----- Start of picture text -----**
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to
accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small
companies regime and in accordance with FRS102 SORP.
Date of
Signed by one or two trustees/directors on behalf of all the trustees/directors approval
6/17/2024
James Gibson
Date
Signature of director authenticating accounts being sent to Companies House
6/17/2024
Victoria Brown
Audit Statement
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
· to keep accounting records in accordance with section 130 of the Charities Act and the Charities SORP/FRS102; and
· to prepare accounts which accord with the accounting records and comply with the accounting requirements
of the Charities Act and the Companies Act, have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Shona Walker CIPFA
a ###
**----- End of picture text -----**
**Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073** **Annual Accounts 01/02/2023to 31/01/2024** **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073** **Annual Accounts 01/02/2023 to 31/01/2024** ## **Coquet Shorebase Trust Limited** **Statement of Financial Activities (including Profit & Loss Account) for year ended 31 January 2024** |**Note**
**£**
**INCOME**
5
Actvity sessions
Boat Hire
Donatons & Fundraising
Grants
8
Fees
Afliaton
600
Membership
580
Club Fees
3,169
Bank Interest
Sales & Misc
Premises Hire
**Total Income**
**EXPENDITURE**
6,9
Stafng & Staf related costs
7
Employees costs
59,601
Sessional staf
1,946
Staf-related costs
82
Premises & Facilites
9
Amble
6,454
Druridge Bay
1,260
Fees, Afliaton and Insurance
Boats & Equipment
Vehicles
Depreciaton & Amortsaton
3
Administraton costs
Advertsing costs
Refunds
Direct Expenditure on Charitable Actvites
**Gross Expenditure**
**Net Surplus/- Defcit transferred to Reserves**
**-£**|**2023/24**
**£**
44,266
31,050
151
10,840
4,349
460
1,325
842
**93,284**
61,629
7,714
14,236
2,985
2,062
13,087
4,001
664
2,040
747
**109,164**
**15,880**
**-£**|**2022/23**| |---|---|---| |||**£**
43,504
38,333
10,262
2,380
6,623
214
1,543
885
**103,743**| |||68,569
6,479
9,054
5,067
3,689
12,118
5,295
876
2,214
**113,360**| |||**9,617**| **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073 Notes to the Accounts** **Annual Accounts 01/02/2023 to 31/01/2024** ## **1 Basis of preparation** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 102) and the Financial Reporting Standard (FRS 102). The charity constitutes a public benefit entity as defined by FRS 102 ## **2 Accounting Policies** Balance brought forward 01/02/23 ## **2.1 INCOME** **Recognition of income** These are 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; Balance carried forward 31/01/24 |**Offsetting**|There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.| |---|---| |**Grants and donations**|Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).| ||In the case of performance related grants, income must only be recognised to the extent that| ||the charity has provided the specified goods or services as entitlement to the grant only occurs| ||when the performance related conditions are met (5.16 FRS 102 SORP).| ||Where the sponsors/grant-making body attach conditions to the expenditure or outcome| ||objectives, the income is treated as a Restricted Fund and movements are shown in a note to| ||the accounts| |**Government grants**|The charity has received government grants in the reporting period| |**Contractual income**|This is only included in the SoFA once the charity has provided the related goods or services| |**and performance**|or met the performance related conditions.| |**related grants**|| |**Donated services and**
**facilities**|Balance carried forward 31/01/24| ||Donated services and facilities that are consumed immediately are recognised as income with| ||an equivalent amount recognised as an expense under the appropriate heading in the SOFA.| |**Volunteer help**|C/fwd 31/01/2024| |**2.2 EXPENDITURE AND**|**LIABILITIES**| ||Liabilities are recognised where it is more likely than not that there is a legal or constructive| |**Liability recognition**|obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty.| |**Grants with**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**performance**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| |**conditions**|grant has provided the specified service or output.| |**Grants payable without**|Where there are no conditions attaching to the grant that enables the donor charity to| |**performance**|realistically avoid the commitment, a liability for the full funding obligation must be recognised.| |**conditions**|| |**Creditors**|The charity has creditors which are measured at settlement amounts less any trade discounts| |**Provisions for liabilities**|A liability is measured on recognition at its historical cost and then subsequently measured at
the best estimate of the amount required to settle the obligation at the reporting date| |**23 ASSETS**|| |**Tangible fixed assets**|These are capitalised if they can be used for more than one year, and cost at least £250| |**for use by charity**|| ||They are valued at cost.| ||Where assets are purchased from grants treated as Restricted Income and are capitalised,| ||any continuing restriction is recognised in the Fixed assets note to the Accounts.| ||The depreciation rates and methods used are disclosed in note 3.| ||Debtors (including trade debtors and loans receivable) are measured on initial recognition at| |**Debtors**|settlement amount after any trade discounts or amount advanced by the charity.| ||Subsequently, they are measured at the cash or other consideration expected to be received.| **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073 Note 3 Fixed Assets** **Annual Accounts 01/02/2023 to 31/01/2024** Statement of Financial Activities (including Profit & Loss Account) for year ended 31 January 2024 ## **Tangible fixed assets** ## 3.1 **Cost or valuation** |3.1**Cost or valuation**|||||| |---|---|---|---|---|---| |**Total**
**£**
**£**
**£**
**£**
**£**
- 145,764 89,005 - 234,769
Additions
- - 444
444
Revaluations
- - - - -
Disposals
- - - 419 - - 419
Transfers *
- - - - -
- 145,764 89,030 - 234,794
3.2**Accumulated depreciation and impairmentprovisions**
****Basis**
-
SL
SL
-
-
**** Rate**
3%
5%
- 45,000 65,048 - 110,048
- - 7,668 - 7,668
Impairment provisions
- 5,000
- 5,000
Revaluations
- - - - -
Disposals
- - - - -
Transfers*
- - - - -
- 50,000 72,716 - 122,716
3.3**Net book value**
B/fwd 01/02/2023
- 100,764 23,958 - 124,721
C/fwd 31/01/2024
- 95,764 16,315 - 112,079
3.4 **Allocated at 31/01/24between (see note 4.3b&c)**
**Restricted Income Funds**
1,600 1,348
2,948
**Unrestricted Funds**
94,164 14,967
109,131
**95,764 16,315**
**112,079**
**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery and**
**motor vehicles**
**Fixtures,**
**fittings and**
**equipment**
Balance brought forward
01/02/23
Balance carried forward
31/01/24
Balance brought forward
01/02/23
Depreciation charge for
year
Balance carried forward
31/01/24|**£**
**Freehold land**
**& buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant,**
**machinery and**
**motor vehicles**|**£**

**Fixtures,**
**fittings and**
**equipment**|**Total**
**£**| ||-|145,764|89,005|-|234,769| ||-|-|444||444| ||-|-|-|-|-| ||-|-|- 419|-|- 419| ||-|-|-|-|-| ||-|145,764|89,030|-|234,794| ||-|SL|SL|-|-| |||3%|5%||| ||||||| ||-|45,000|65,048|-|110,048| ||-|-|7,668|-|7,668| ||-|5,000||-|5,000| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|50,000|72,716|-|122,716| ||||||| ||-|100,764|23,958|-|124,721| ||-|95,764|16,315|-|112,079| ||**n (see note 4.3b&c)**||||| |||1,600|1,348||2,948| |||94,164|14,967||109,131| |||**95,764**|**16,315**||**112,079**| ## **4Capital and Reserves** ## 4.1 **Movements in funds** |1**Movements in funds**|||||| |---|---|---|---|---|---| ||From|To|B/fwd|Movements2023/24|£| |Members Equity|P&L
Designated Fund|s: Building Reserve
Restricted Funds
Windingupcosts|102162|-15880
5000
2454|102162
-15880.13
5000
2454
0| |Balance at 31/01/2024|||||**93736.33**| |Restricted Funds: Fixed Asset|s
Released to Gen
Members Equity|eral (Members) Equi
:Restricted Income|2948
ty|-2454|**2948**
-2454
0| |Balance at 31/01/2024|||||494| |Designated Funds: Building R|eserve|Members Equity
Restricted Funds|91917|-5000|91917
-5000
0| |Balance at 31/01/2024|||||**86917**| |Designated Funds: Repair & R|eplacement
Members Equity||10000||10000
0| |Balance at 31/01/2024|||||**10000**| |Designated Funds: Winding u|p costs
Members Equity||20000||20000
0| |Balance at 31/01/2024|||||**20000**| |Designated Funds: Management Reorganisation
Members Equity|||30000||| ||||||30000| |Balance at 31/01/2024|||||**30000**| |**Total Capital & Reserves**|||**257027**
**-15880**
**241147**||| ## 4.2 **Purposes of designated funds** The Trustees have approved the earmarking of designated funds from within the general unrestricted accumulated **equity reserves, for the following purposes:** ## a **Building Reserve** To ensure that funding is available for the amortisation of leasehold property at Druridge Bay ## b **Repair & Replacement** To ensure that funding is available for the replacement of operating safety equipment in the case of theft or unexpected damage. ## c **Designated Funds: Winding up costs** Funds assigned for the potential cost of winding up operations d **Designated Funds: Management Reorganisation** Funds assigned for creation of a new management structure ## 4.3 Restricted Funds Balances on restricted funds represent funding whose use is restricted by conditions imposed by grant making bodies or sponsors. a. No new grant funding was applied in 2022/23 (2021/22 £0) for capital purposes. - b. Restrictions have now been released (2022/23 £2584; 2021/22 2584)) on existing assets purchased using restricted funding. **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073 Note 5 Analysis of Income** **Annual Accounts 01/02/2023 to 31/01/2024** ||**Analysis**|**2023/24**|**2023/24**|**2023/24**|**2022/23**| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**£**|**£**| |**Donations, legacies and**
**Grants (Note 8)**|Grants- publicly funded|3,240||3,240|-| ||Grants- private foundations/ charities|7,600|-|7,600|2,380| ||Membership Affiliation|600|-|600|600| ||CST/CCC membership|580||580|410| ||Other Donations|151|-|151|10,262| ||**Tota**|**l** 12,171|-|12,171|13,652| ||||||| |**Fees for charitable**
**services**|Activity sessions|44,266||44,266|43,504| ||Fees from associated clubs|3,169||3,169|5,613| ||Boat &Equipment hire|31,050||31,050|38,333| ||**Tota**|**l** 78,486||78,486|87,449| ||||||| |**Sales &Misc**|Certificates & logbooks|-||-|30| ||Premises Hire|842||842|855| ||Equipment sales|600||600|1,543| ||Other|725||725|-| ||**Tota**|**l** 2,167||2,167|2,428| ||||||| |**Interest and dividends**|**Interest and dividends**
**Tota**|460||460|214| |||**l** 460||460|214| ||**TOTAL INCOME**|**93,284**|**-**|**93,284**|**103,743**| |**Note 6 An**|**alysis of Expenditure**||||| |---|---|---|---|---|---| ||||**2023/24**||**2022/23**| |||**Unrestricted**|**Restricted**|**£**|**£**| |**Wages, salaries,**
**pensions and NI, and**
**staff-related costs**|Employee costs|59601|-|59,601|62,045| ||Sessional staff|1946||1,946|5,728| ||Staff Training|82|-|82|795| ||**Tota**|**l** 61,629|-|61,629|68,569| ||||||| |**Fees, Affiliation and**
**Insurance**|Affiliation and membership|1,122|-|1,122|388| ||Harbour and marina fees|1,530|-|1,530|1,430| ||Pool Hire|592||592|1,700| ||Insurance|4,869|-|4,869|4,682| ||Invoiced Instructors|6,123||6,123|854| ||**Tota**|**l** 14,236|-|14,236|9,054| ||||||| |**Equipment, Repairs and**
**maintenance**|Repairs & maintenance: Boats & other equt|2,985|-|2,985|5,067| ||Vehicle running costs|2,062|-|2,062|3,689| ||**Tota**|**l** 5,046|-|5,046|8,756| ||||||| |**Premises/ facilities costs**|Druridge Bay premises|1,260|-|1,260|1,135| ||Amble Braid|6,454|-|6,454|5,344| ||**Tota**|**l** 7,714|-|7,714|6,479| |**Administration costs**|Advertising|664|-|664|876| ||telephone, broadband and computing|1,470|-|1,470|2,914| ||office|1,185|-|1,185|1,334| ||Travel|227|-|227|164| ||Certificates/logbooks|532|-|532|493| ||Volunteer support|367|-|367|390| ||Refunds|2,040|-|2,040|2,214| ||Not for profit purchases|220|-|220|-| ||**Tota**|**l** 6,705||6,705|8,384| ||||||| |**Depreciation**|Equipment|8,087|-|8,087|7,118| ||Amortisation of leasehold premises|5,000|-|5,000|5,000| ||**Tota**|**l** 13,087|-|13,087|12,118| ||||||| |**Charitable Activites**
**Direct**|Satellite Clubs|150|||| ||Sports England Together Fund|597|-|597|-| ||**Tota**|**l** 747|-|747|-| ||||-|-|-| ||**TOTAL EXPENDITURE**|109,164|-|109,164|113,360| |**Gross wages, salaries and**
**Employer’s National Insur**
**Pension costs**
**7.2 Average number of ful**
These figures include costs
Manager's travel costs are|**benefits in kind**
**ance costs**
**Total staff costs**
**l-time equivalent employees in the year**
of £1946 (2022/23 £5728) for sessional staff w
included in the accounts as administration cos|
ho work on a
ts|**2023/24**
**2022/23**
**£**
**£**
60,159 66,470
1,388 1,303
61,547 67,774
**2023/24**
**2022/23**
**FTE**
**FTE**
1.5
1.5
0.3
0.3
0.5
0.5

2.3
2.3
casual basis.||| |**Theparts of the charity in wh**|**ich the employees work**||**2023/24**|**2022/23**|| ||||**FTE**|**FTE**|| |Administration|||1.5|1.5|| |Sessional Coaching|||0.3|0.3|| |Watersports Instructors|||0.5|0.5|| ||||||| |||**Total**|
2.3|2.3|| **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073** **Annual Accounts 01/02/2023 to 31/01/2024** ## **Note 8 Grants** |**Note 8**|**Grants**||||| |---|---|---|---|---|---| |**Grants from Public Bodies**
**Grants from Private**
**concerns & other bodies**||**2023/24**|||**2022/23**| |||Unrestricted
Income £|Restricted
Income £|Total £|**£**| ||Sport England Together Fund|3,240|-|3,240|-| ||||||| ||Windfarm Community Grants|4,320||4,320|2,380| ||Ballinger Trust|1,000||1,000|| ||Lottery Funding|2,280||2,280|| ||**Total All Grants**|**10,840**|**-**|**10,840**|**2,380**| **Note 9 Donated goods, facilities and services** a. Premises are provided by the Local Authority for the running of activities and storage of equipment used within those activities. Rate relief at 100% is also provided on these facilities, and facilities at Druridge Bay b.General, managerial and technical advice and support is provided by Trust members and supporters. This is unpaid and is not included as an expense. **Coquet Shorebase Trust Limited Charity no. 1150215 Company no. 6577073** **Annual Accounts 01/02/2023 to 31/01/2024** **Note 10 Debtors and prepayments** **Analysis of debtors** |**Analysis of debtors**||| |---|---|---| |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Tota**|**2023/24**|**2022/23**| ||**£**|**£**| ||-|-| ||-|-| ||83|-| ||**l**83|-| ## **Note 11 Creditors and accruals** ## **Analysis of creditors** |**Analysis of creditors**||||| |---|---|---|---|---| |**Trade creditors**
**Other creditors**
**Tota**
**Payments received on account for**
**contracts or performance-related**
**grants**|**Amounts falling due within**
**oneyear**||**Amounts falling due after more**
**than oneyear**|| ||**1/31/2024**
**£**|**1/31/2023**
**£**|**1/31/2024**
**£**|**1/31/2023**
**£**| ||2,200|1,300|-|-| ||-|8,560|-|-| ||180|800|-|-| ||**l**2,380|10,660|-|-| ## **Note12 Cash at bank and in hand** |**Cash at bank and on hand**
**Other**
**Total**|**1/31/2024**
**£**|**1/31/2023**
**£**| |---|---|---| ||131,365|142,966| ||-|-| ||131,365|142,966| ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/directors/ members of** Coquet Shorebase Trust Limited **On accounts for the year ended** 31 January 2024 **Charity no.:** 1150215 Company no.: 6577073 **Set out on pages** Profit and Loss Account and Balance Sheet ## **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. [I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Public Finance and Accountancy]. ## 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 statement** My examination was carried out in accordance with 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 matter has come to my attention to indicate that: - accounting records have not been kept in accordance with section 386 of the Companies Act 2006; - the accounts do not accord with such records: - there is any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. 1 **IER** **Signed:** **Date:** 29 May 2024 **Name:** Shona E Walker **Relevant professional qualification(s) or body (if any):** Chartered Institute of Public Finance and Accountancy **Address:** Windscarth, Hillside Rothbury, Northumberland NE65 7PT **Section B Disclosure** There are no items of concern 2 **IER**