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|Trustees’ Annual Report|1|
|Independent Auditor’s Report to the Trustees ofAll-Aboard!||
|Water Sport and Water Recreational Activity (Bristol)|6|
|Statement of Financial Activities|10|
|Statement of Financial Position|11|
|Notes to the Financial Statements|12|
|The following pages do not form part of the financial statements||
|Detailed Statement of Financial Activities|24|
|Notes to the Detailed Statement of Financial Activities|26|
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|Reference and administrative|details|details|
|---|---|---|
|Registered charity name|All-Aboard! Water Sport and Water Recreational Activity (Bristol)||
|charity registration number|1151374||
|Principal office|Baltic Wharf||
||Cumberland Road||
||Bristol||
||BS1 6X0||
|The trustees|Mr T Stevenson||
||Mr S Chapman||
||Ms S Hannan||
||Mr P Golding||
||Mr M Pennock|(Resigned 7 October 2020)|
||Mr A Brooks|(Resigned 31 March 2020)|
||Ms J Fionda|(Appointed 17 April 2020)|
||Mr S Weeks|(Appointed 20 February 2020)|
|Auditor|Jay & Jay Partnership Limited||
||Chartered Certified Accountants & statutory auditor||
||2 Chesterfield Buildings||
||Westbourne Place||
||Clifton||
||Bristol||
||BSS 1 RU||
|Bankers|Lloyds Bank||
||25 Gresham Street||
||London||
||EC2V 7HN||
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||||2020||2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Total funds|Total funds|
||Note|£|£|£|£|
|Income and endowments||||||
|Donations and legacies|4|109,392|10,080|119,472|27,958|
|Charitable activities|5|64,339|30,756|95,095|214,461|
|Othertrading activities|6|3,189|—|3,189|9,887|
|Other income|7|(33)|—|(33)|823|
|Total income||176,887|40,836|217,723|253,129|
|Expenditure||||||
|Expenditure on raising funds:||||||
|Costs of other trading activities|8|1,329|—|1,329|4,846|
|Expenditure on charitable activities|9|177,353|34,380|211 ,733|312,791|
|Total expenditure||178,662|34,380|213,062|317,637|
|Net income/(expenditure)||(1,795)|6,456|4,661|(64,508)|
|Transfers between funds||6,306|(6,306)|—||
|Net movement in funds||4,511|150|4,661|(64,508)|
|Reconciliation of funds||||||
|Total funds broughtforward||141,579|3,646|145,225|209,733|
|Total funds carried forward||146,090|3,796|149,886|145,225|
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|Statementof Financial Position
31 December2020||||
|---|---|---|---|
|||2020|2019|
||Note|£|£|
|Fixedassets||||
|Tangible fixed assets|15|31,847|58,022|
|Current assets||||
|Debtors
Cash at bank and in hand|16|13,733
161,179|9,930
121,872|
|||174,912|131,802|
|Creditors: amounts falling duewithin oneyear|18|56,873|44,599|
|Netcurrent assets||118,039|87,203|
|Total assets less current liabilities||149,886|145,225|
|Netassets||149,886|145,225|
|Funds ofthecharity||||
|Restricted funds
Unrestricted funds||3,798
146,090|3,646
141,579|
|Total charityfunds|21|149,886|145,225|
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|4.|Donations and legacies||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||£|£|£|
||Donations||||
||Donations|10,372|2,589|12,961|
||Grants||||
||Grants|49,541|7,491|57,032|
||Government grant income|49,479|—|49,479|
|||109,392|10,080|119,472|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2019|
|||£|£|£|
||Donations||||
||Donations|12,579|4,029|16,608|
||Grants||||
||Grants|10,000|1,350|11,350|
||Government grant income|—|—||
|||22,579|5,379|27,958|
|&.|charitableactivities||||
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||£|£|£|
||Performance-related grants|—|30,756|30,756|
||Water-based activities income|63,969|—|63,969|
||Shore-based courses income|370|—|370|
|||64,339|30,756|95,095|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2019|
|||£|£|£|
||Performance-related grants|—|91,233|91,233|
||Water-based activities income|121,456|—|121,456|
||Shore-based courses income|1,772|—|1,772|
|||123,228|91,233|214,461|
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|Othertrading activities|||
|---|---|---|
||All|All|
||Unrestricted|Unrestricted|
||Funds|Funds|
||2020|2019|
||£|£|
|Income from room and equipment hire|2474|5,184|
|Sale of publications and merchandise|215|878|
|Provision of safety boat cover|500|3,825|
||3,189|9,887|
|7.|Other income|||
|---|---|---|---|
|||All|All|
|||Unrestricted|Unrestricted|
|||Funds|Funds|
|||2020|2019|
|||£|£|
||Income from sale of fixed assets and|||
||equipment|(813)|487|
||Miscellaneous|780|336|
|||(33)|823|
|8.|Costs of other trading activities|||
|||All|All|
|||Unrestricted|Unrestricted|
|||Funds|Funds|
|||2020|2019|
|||£|£|
||Costs of trading activities|1,329|4,846|
|9.|Expenditure on charitable activities byfund type|||
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2020|
||£|£|£|
|Water-based activities|100,231|17,442|117,673|
|Shore-based courses|61|9,880|9,941|
|Support costs|77,061|7,058|84,119|
||177,353|34,380|211,733|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
||£|£|£|
|Water-based activities|140,886|46,035|186,921|
|Shore-based courses|730|32,777|33,507|
|Support costs|76,979|15,384|92,363|
||218,595|94,196|312,791|
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|Analysis of support costs|||||
|---|---|---|---|---|
||Water based|Shore-based|||
||activities|courses|Total 2020|Total 2019|
||£|£|£|£|
|Staff costs|45,196|2,238|47,434|45,053|
|Premises|10,183|—|10,183|9,855|
|General office|10,826|—|10,826|15,950|
|Governance costs|3,935|—|3,935|4,065|
|Other costs|11,692|49|11,741|17,440|
||81,832|2,287|84,119|92,363|
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|Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):|||
|---|---|---|
||2020|2019|
||£|£|
|Depreciation of tangible fixed assets|27,298|33,675|
|Auditors remuneration|||
||2020|2019|
||£|£|
|Fees payable forthe audit of the financial statements|4,000|4,000|
|Staff costs|Staff costs||
|---|---|---|
|The total staff costs and employee benefits forthe reporting period are analysed as||follows:|
||2020|2019|
||£|£|
|Wages and salaries|122,167|165,290|
|Social security costs|3,526|6,459|
|Employer contributions to pension plans|1,963|2,434|
||127,656|174,183|
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|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|
||||Computer|&||||
||Leasehold|Boats &||IT|Fixtures|&||
||improvements|equipment|equipment||fittings||Total|
||£|£|£||£||£|
|Cost||||||||
|At 1 January 2020|1,855|266,082|8,247||1,578||277,762|
|Additions|—|3,456||—||—|3,456|
|Disposals|—|(4,090)||—||—|(4,090)|
|At31 December2020|1,855|265,448|8,247||1,578||277,128|
|Depreciation||||||||
|At 1 January 2020|1,020|212,575|5,594||551||219,740|
|Charge for the year|371|24,963|1,649||315||27,298|
|Disposals|—|(1,757)||—||—|(1,757)|
|At 31 December 2020|1,391|235,781|7,243||866||245,281|
|Carrying amount||||||||
|At31 December2020|464|29,667|1,004||712||31,847|
|At31 December2019|835|53,507|2,653||1,027||58,022|
|Debtors||||||||
||||||2020||2019|
||||||£||£|
|Trade debtors|||||||602|
|Prepayments and accrued|income||||7,897||9,328|
|Other debtors|||||5,836||—|
||||||13,733||9,930|
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|creditors: amounts falling due within one year|||
|---|---|---|
||2020|2019|
||£|£|
|Trade creditors|3,482|688|
|Accruals and deferred income|50,709|42,562|
|Social security and other taxes|2,240|1,030|
|Other creditors|442|319|
||56,873|44,599|
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|
plans was £1,963 (2019: £2,434).
Government grants|
plans was £1,963 (2019: £2,434).
Government grants||
|---|---|---|
|The amounts recognised in the financial statementsfor government grants are as follows:|||
||2020|2019|
||£|£|
|Recognised in income from donations and legacies:|||
|Government grants income|49,479||
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|Unrestricted funds||||||
|---|---|---|---|---|---|
||At||||At|
||1 January||||31 December|
||2020|Income|Expenditure|Transfers|2020|
||£|£|£|£|£|
|Unrestricted funds|3,557|176,887|(151,384)|(24,817)|4,243|
|Resilience Fund|40,000|—|—|—|40,000|
|Boat and Equipment||||||
|Replacement Fund
Building Upgrade Fund|10,000
30,000|—
—|—
—|30,000
—|40,000
30,000|
|Asset Depreciation Fund|58,022|—|(27,298)|1,123|31,847|
||141,579|176,887|(178,682)|6,306|146,090|
||At||||At|
||1 January||||31 December|
||2019|Income|Expenditure|Transfers|2019|
||£|£|£|£|£|
|Unrestricted funds|22,208|156,517|(189,566)|14,398|3,557|
|Resilience Fund|40,000|||—|40,000|
|Boat and Equipment||||||
|Replacement Fund|10,000|||—|10,000|
|Building Upgrade Fund|45,000|—|—|(15,000)|30,000|
|Asset Depreciation Fund|91,295|—|(33,875)|602|58,022|
||208,503|156,517|(223,441)|—|141,579|
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|Analysis of charitable fu|nds (continued)|||||
|---|---|---|---|---|---|
|Restricted funds||||||
||At||||At|
||1 January||||31 December|
||2020|Income|Expenditure|Transfers|2020|
||£|£|£|£|£|
|Van Neste|—|4,650|(4,650)|—||
|Quartet Express|—|2,000|—|(2,000)||
|Sundry grants|—|4,786|(1,830)|(2,956)||
|Sailability|1,020|2,276|—|—|3,296|
|SEN Support|500|313|(313)||500|
|BAB - Rocking the Boat|—|12,167|(12,167)||—|
|BAB - Come On Board|—|14,644|(14,644)|||
|DNV GL Access Sails|1,350|—|—|(1,350)||
|Xmas appeal|776||(776)|—||
||3,646|40,836|(34,380)|(6,306)|3,796|
||At||||At|
||1 January||||31 December|
||2020|Income|Expenditure|Transfers|2019|
|||£|£|£|£|
|Sundry grants|—|2,893|(2,893)||—|
|Sailability|810|2,502|(2,292)||1,020|
|SEN Support|420|750|(670)||500|
|Newby|—|2,417|(2,417)|—||
|Wesport satellite/SG|—|3,540|(3,540)|—|—|
|BAB - Rocking the Boat|—|36,959|(36,959)|||
|BAB - Come On Board|—|45,425|(45,425)|—|—|
|DNV GL Access Sails||1,350||—|1,350|
|Xmas appeal||776|||776|
||1,230|96,612|(94,196)||3,646|
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|Analysis of net assets between funds||||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Tangible fixed assets|31,847|—|31,847|
|Current assets|136,232|38,680|174,912|
|Creditors less than 1 year|(21,989)|(34,884)|(56,873)|
|Net assets|146,090|3,796|149,886|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
||£|£|£|
|Tangible fixed assets|58,022|—|58,022|
|Current assets|110,694|21,108|131,802|
|Creditors less than 1 year|(27,137)|(17,462)|(44,599)|
|Net assets|141,579|3,646|145,225|
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|Operating lease commitments|Operating lease commitments|Operating lease commitments|
|---|---|---|
|The total future minimum lease payments under non-cancellable operating leases are as follows:|||
||2020|2019|
||£|£|
|Not later than 1 year|2,458|3,500|
|Later than 1 year and not laterthan 5 years|4,000|5,458|
|Later than 5 years|1,333|2,333|
||7,791|11,291|
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|Detailed Statement of Financial Activities
Yearended 31 December2020|||
|---|---|---|
||2020|2019|
||£|£|
|Income and endowments|||
|Donations and legacies|||
|Donations|12,961|16,608|
|Grants|57,032|11,350|
|Government grant income|49,479||
||119,472|27,958|
|Charitable activities|||
|Performance-related grants|30,756|91,233|
|Water-based activities income|63,969|121,456|
|Shore-based courses income|370|1,772|
||95,095|214,461|
|Other trading activities|||
|Income from room and equipment hire|2,474|5,184|
|Sale of publications and merchandise|215|878|
|Provision of safety boat cover|500|3,825|
||3,189|9,887|
|Other income|||
|Income from sale of fixed assets and equipment|(813)|487|
|Miscellaneous|780|336|
||(33)|823|
|Total income|217,723|253,129|
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|Yearended 31 December 2020|||
|---|---|---|
||2020|2019|
||£|£|
|Expenditure|||
|costs of other trading activities|||
|Wages and salaries|770|2,907|
|Other costs|559|1,939|
||1,329|4,846|
|Expenditure on charitable activities|||
|Activity expenditure|11,644|29,942|
|Wages and salaries|121,397|162,383|
|Employer’s MC|3,526|6,459|
|Pension costs|1,963|2,434|
|Repairs and maintenance|10,182|9,855|
|Insurance|6,505|8,265|
|Motor vehicle expenses|(172)|792|
|Other motor/travel costs|2,193|7,264|
|Legal and professional fees|6,645|7,506|
|Other office costs|12,596|24,909|
|Depreciation|27,298|33,875|
|Other interest payable and similar charges|1,370|1,81 0|
|Other governance costs|35|65|
|Licences/memberships|2,545|3,932|
|Training|2,058|4,358|
|Marketing & PR|1,948|8,942|
||211,733|312,791|
|Total expenditure|213,062|317,637|
|Net income/(expenditure)|4,661|(64,508)|
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|Notes to the Detailed Statement of Financial
Year ended 31 December 2020|Activities||
|---|---|---|
||2020|2019|
||£|£|
|Costs of other trading activities|||
|Costs of trading activities|||
|All trading activities - wages|770|2,907|
|All trading activities - other costs|559|1,939|
||1,329|4,846|
|Costs of other trading activities|1,329|4,846|
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|||2020|2019|
|---|---|---|---|
|||£|£|
|Expenditure on charitable activities||||
|Water-based activities||||
|Activities undertaken directly||||
|Water-based activities|- Activity expenditure|9,724|24,761|
|Water-based activities|- wages/salaries|69,115|97,980|
|Water-based activities|- employer’s MC|2,017|3,942|
|Water-based activities|- pension costs|1,123|1,485|
|Water-based activities|- fuel and travel|1,794|5,264|
|Water-based activities|- legal and professional fees|2,745|3,506|
|Water-based activities|- admin & sundries|219|5,623|
|Water-based activities|- depreciation|27,298|33,875|
|Water-based activities|- Bank and card charges|1,370|1,810|
|Water-based activities|- training|745|3,086|
|Water-based activities- marketing & PR||1,523|5,589|
|||117,673|186,921|
|Supportcosts||||
|Water-based activities|- wages/salaries|43,253|38,767|
|Water-based activities|- employer’s NIC|1,248|1,515|
|Water-based activities|- pension costs|695|571|
|Water-based activities|- maintenance and premises costs|10,182|8,855|
|Water-based activities|- insurance|6,505|7,515|
|Water-based activities|- motor vehicle expenses|(172)|792|
|Water-based activities|- admin and sundries|12,328|19,020|
|Water-based activities|- licences/membership|2,545|3,496|
|Water-based activities|- training|1,313|1,167|
|||77,897|81,698|
|Shore-based courses||||
|Activitiesundertaken directly||||
|Shore-based courses - Activity expenditure||1,920|5,181|
|Shore-based courses - wages/salaries||6,887|21,650|
|Shore-based courses - employer’s NIC||199|846|
|Shore-based courses - pension costs||111|319|
|Shore-based courses - other motor/travel costs||399|2,000|
|Shore-based courses - admin and sundries||—|53|
|Shore-based courses|- training||105|
|Shore-based courses|- marketing & PR|425|3,353|
|||9,941|33,507|
|Supportcosts||||
|Shore-based courses|- wages/salaries|2,142|3,986|
|Shore-based courses|- employer’s NIC|62|156|
|Shore-based courses|- pension costs|34|59|
|Shore-based courses|- repairs & maintenance|—|1,000|
|Shore-based courses|- insurance|—|750|
|Carried forward||2,238|5,951|
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|Notes to the Detailed Statement of Financial Acti
Yearended 31 December 2020|vities (contmued)||
|---|---|---|
||2020|2019|
||£|£|
|Brought forward|2,238|5,951|
|Shore-based courses - other office costs|49|213|
|Shore-based courses - licences/memberships|—|436|
||2,287|6,600|
|Governance costs|||
|Governance costs - auditfees|3,900|4,000|
|Governance costs|35|65|
||3,935|4,065|
|Expenditure on charitable activities|211,733|312,791|