| Page | |
|---|---|
| Trustees’ Annual Report | 1 |
| Independent Auditor’s Report to the Trustees of All-Aboardl | |
| Water Sport and Water Recreational Activity (Bristol) | 7 |
| Statement of Financial Activities | 11 |
| Statement of Financial Position | 12 |
| Notes to the Financial Statements | 13 |
| The following pages do not form part of the financial statements | |
| Detailed Statement of Financial Activities | 25 |
| Notes to the Detailed Statement of Financial Activities | 27 |
| Reference and administrative | 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 Solding | |
| Ms J Fionda | |
| Mr S Weeks | |
| Ms K Dursley (Appointed 10 March 2022) |
|
| Auditor | Jay & Jay Partnership Limited |
| Chartered Certified Accountants & statutory auditor | |
| 2 Chesterfield Buildings | |
| Westbourne Place | |
| Clifton | |
| Bristol | |
| BS8 1 RU | |
| Bankers | Lloyds Bank |
| 25 Gresham Street | |
| London | |
| EC2V7HN |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 76,396 | 27,015 | 103411 | 119,472 |
| Charitable activities | 5 | 171,621 | 9,588 | 181,209 | 95,095 |
| Other trading activities | 6 | 5,005 | — | 5,005 | 3,189 |
| Other income | 7 | 11,846 | — | 11,846 | (33) |
| Total income | 264,868 | 36,603 | 301,471 | 217,723 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of othertrading activities | 8 | 2,193 | — | 2,193 | 1,329 |
| Expenditure on charitable activities | 9 | 226,791 | 15,457 | 242,248 | 211,733 |
| Total expenditure | 228,984 | 15,457 | 244,441 | 213,062 | |
| Net income | 35,884 | 21,146 | 57,030 | 4,661 | |
| Transfers between funds | 9,900 | (9,900) | — | — | |
| Net movement in funds | 45,784 | 11,246 | 57,030 | 4,661 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 146,090 | 3,796 | 149886 | 145,225 | |
| Total funds carried forward | 21 | 191,874 | 15,042 | 206,916 | 149,886 |
| Statementof Financial Position 31 December2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 34,035 | 31,847 |
| Current assets | |||
| Debtors | 16 | 10,408 | 13,733 |
| Cash at bank and in hand | 230,024 | 161,179 | |
| 240,432 | 174,912 | ||
| Creditors: amountsfalling duewithin one year | 18 | 67,551 | 56,873 |
| Net currentassets | 172,881 | 118,039 | |
| Total assets less current liabilities | 206,916 | 149,886 | |
| Net assets | 206,916 | 149,886 | |
| Funds ofthe charity | |||
| Restricted funds | 15,042 | 3,796 | |
| Unrestricted funds | 191,874 | 146,090 | |
| Total charityfunds | 21 | 206,916 | 149,886 |
| 4. | Donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 9,040 | 2,703 | 11,743 | |
| Grants | ||||
| Grants | 33,075 | 24,312 | 57,387 | |
| Government grant income | 34,281 | — | 34,281 | |
| 76,396 | 27,015 | 103,411 | ||
| 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 | ||
| 5. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Performance-related grants | — | 9,588 | 9,588 | |
| Water-based activities income | 171,621 | — | 171,621 | |
| Shore-based courses income | — | — | — | |
| 171,621 | 9,588 | 181,209 | ||
| 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 |
| Other trading activities | ||
|---|---|---|
| All | All | |
| Unrestricted | Unrestricted | |
| Funds 2021 | Funds 2020 | |
| £ | £ | |
| Income from room and equipment hire | 1,620 | 2,474 |
| Sale of publications and merchandise | 479 | 215 |
| Provision of safety boat cover | 2,906 | 500 |
| 5,005 | 3,189 |
| Other income | ||
|---|---|---|
| All | All | |
| Unrestricted | Unrestricted | |
| Funds 2021 | Funds 2020 | |
| £ | £ | |
| Income from sale of fixed assets and | ||
| equipment | 8,936 | (813) |
| Miscellaneous | 233 | 780 |
| Rental income | 2,677 | — |
| 11,846 | (33) |
| All | All | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Funds 2021 | Funds 2020 | ||||
| £ | £ | ||||
| Costs | of | trading | activities | 2,193 | 1,329 |
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Water-based activities | 137,357 | 10,168 | 147,525 |
| Shore-based courses | — | — | |
| Support costs | 89,434 | 5,289 | 94,723 |
| 226,791 | 15,457 | 242,248 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Water-based activities | 100,231 | 17,442 | 117673 |
| Shore-based courses | 61 | 9,880 | 9,941 |
| Support costs | 77,061 | 7,058 | 84,119 |
| 177353 | 34,380 | 211,733 |
| Analysis of support costs | |||
|---|---|---|---|
| Water based | |||
| activities | Total 2021 | Total 2020 | |
| £ | £ | £ | |
| Staff costs | 55,517 | 55,517 | 47,434 |
| Premises | 9,639 | 9,639 | 10,183 |
| General office | 13,913 | 13,913 | 10,826 |
| Governance costs | 3,872 | 3,872 | 3,935 |
| Othercosts | 13,028 | 13,028 | 11,741 |
| 95,969 | 95,969 | 84,119 |
| 11. | Net income Net income is stated after charging/(crediting): |
||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 27,494 | 27,298 | |
| 12. | Auditors remuneration | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable for the audit ofthe financial statements | 4,000 | 4,000 |
| Staff costs | Staff costs | |
|---|---|---|
| The total staff costs and employee benefits forthe reporting period are analysed as | follows: | |
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 142,693 | 122,167 |
| Social security costs | 6,355 | 3,526 |
| Employer contributions to pension plans | 2,773 | 1,963 |
| 151,821 | 127,656 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Computer & | |||||
| Leasehold | Boats & | IT | Fixtures & | ||
| improvements | equipment | equipment | fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 January 2021 | 1,855 | 265,448 | 8,247 | 1,578 | 277,128 |
| Additions | — | 29,312 | 928 | 1,436 | 31,676 |
| Disposals | — | (24,727) | — | — | (24,727) |
| At31 December2021 | 1,855 | 270,033 | 9,175 | 3,014 | 284,077 |
| Depreciation | |||||
| At 1 January 2021 | 1,391 | 235,781 | 7,243 | 866 | 245,281 |
| Charge for the year | 371 | 25,585 | 935 | 603 | 27,494 |
| Disposals | — | (22,733) | — | — | (22,733) |
| At 31 December2021 | 1,762 | 238,633 | 8,178 | 1,469 | 250,042 |
| Carrying amount | |||||
| At 31 December 2021 | 93 | 31,400 | 997 | 1,545 | 34,035 |
| At31 December2020 | 464 | 29,667 | 1,004 | 712 | 31,847 |
| Debtors | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Trade debtors | 514 | ||||
| Prepayments and accrued | income | 9,894 | 7,897 | ||
| Other debtors | — | 5,836 | |||
| 10,408 | 13,733 |
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 929 | 3,482 |
| Accruals and deferred income | 64,954 | 50,709 |
| Social security and othertaxes | 1,607 | 2,240 |
| Other creditors | 61 | 442 |
| 67,551 | 56,873 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Recognised | in income from donations and legacies: | ||
| Government | grants income | 34,281 | 49,479 |
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 Jan 2021 | Income | Expenditure | Transfers | 31 Dec 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 4,243 | 261 594 | (201489) | (39,783) | 24,565 |
| Designated funds | |||||
| Resilience Fund | 40,000 | — | — | 20,000 | 60,000 |
| Unrestricted fund - | |||||
| grants and donations for | |||||
| designated purposes | — | 3,274 | — | 3,274 | |
| Boat and Equipment | |||||
| Replacement Fund | 40,000 | — | — | — | 40,000 |
| Building Upgrade Fund | 30,000 | — | — | — | 30,000 |
| Asset Depreciation Fund | 31,847 | — | (27,495) | 29,683 | 34,035 |
| 146,090 | 264,868 | (228,984) | 9,900 | 191,874 | |
| At | |||||
| At 1 Jan 2020 | Income | Expenditure | Transfers | 31 Dec 2020 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 3,557 | 176,887 | (151,384) | (24,817) | 4,243 |
| Designated funds | |||||
| Resilience Fund | 40,000 | — | — | — | 40,000 |
| Boat and Equipment | |||||
| Replacement Fund | 10,000 | — | — | 30,000 | 40,000 |
| Building Upgrade Fund | 30,000 | — | — | — | 30,000 |
| Asset Depreciation Fund | 58,022 | — | (27,298) | 1,123 | 31,847 |
| 141,579 | 176,687 | (178,682) | 6,306 | 146,090 |
| Analysis of charitable f Restricted funds |
unds (continued) | ||||
|---|---|---|---|---|---|
| At | |||||
| All Jan 2021 | Income | Expenditure | Transfers | 31 Dec 2021 | |
| £ | £ | £ | £ | £ | |
| Quartet Foundation | |||||
| donor directed grant | — | 2,900 | (2,900) | — | |
| Sundry grants | — | 4,738 | (4,738) | — | |
| Sailability | 3,296 | 2,097 | (1,431) | 3,962 | |
| SEN Support | 500 | — | (500) | — | |
| RYA Tackling | |||||
| Inequalities Fund | — | 5,888 | (5,888) | ||
| Nisbett Trust | — | 8,080 | — | 8,080 | |
| JGWTurner | — | 3,000 | — | (3,000) | |
| Clothworkers | — | 6,900 | — | (6,900) | |
| Sport England Return to | |||||
| Play | — | 3,000 | — | 3,000 | |
| 3,796 | 36,603 | (15,457) | (9,900) | 15,042 | |
| At | |||||
| At 1 Jan 2020 | Income | Expenditure | Transfers | 31 Dec 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) | — | |
| DNVGLAccessSails | 1,350 | — | — | (1,350) | |
| Xmas appeal | 776 | (776) | — | — | |
| 3,646 | 40,836 | (34,380) | (6,306) | 3,796 |
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 34,035 | — | 34,035 |
| Current assets | 179,282 | 61,150 | 240,432 |
| Creditors less than 1 year | (21,443) | (46,108) | (67,551) |
| Net assets | 191,874 | 15,042 | 206,916 |
| 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 |
| Operating lease commitments | |||
| The total future minimum lease payments under | non-cancellable operating leases are as follows: | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Not later than 1 year | 3,500 | 2,458 | |
| Laterthan 1 year and not later than 5 years | 5,458 | 4,000 | |
| Laterthan 5 years | 333 | 1,333 | |
| 9,291 | 7,791 |
| Detailed Statement of Financial Activities Year ended 31 December 2021 |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 11,743 | 12,961 |
| Grants | 57,387 | 57,032 |
| Government giant income | 34,281 | 49,479 |
| 103,411 | 119,472 | |
| Charitable activities | ||
| Performance-related grants | 9,588 | 30,756 |
| Water-based activities income | 171,621 | 63,969 |
| Shore-based courses income | 370 | |
| 181,209 | 95,095 | |
| Other trading activities | ||
| Income from room and equipment hire | 1,620 | 2,474 |
| Sale of publications and merchandise | 479 | 215 |
| Provision of safety boat cover | 2,906 | 500 |
| 5,005 | 3,189 | |
| Otherincome | ||
| Income from sale offixed assets and equipment | 8,936 | (813) |
| Miscellaneous | 233 | 780 |
| Rental income | 2,677 | — |
| 11,846 | ||
| Total income | 301,471 | 217,723 |
| Yearended 31 December 2021 | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Expenditure | ||
| costs of other trading activities | ||
| Wages and salaries | 1,228 | 770 |
| Other costs | 965 | 559 |
| 2,193 | 1,329 | |
| Expenditure on charitable activities | ||
| Activity expenditure | 12,109 | 11,644 |
| Wages and salaries | 141,465 | 121,397 |
| Employer’s NIC | 6,355 | 3,526 |
| Pension costs | 2,773 | 1,963 |
| Repairs and maintenance | 9,689 | 10182 |
| Insurance | 7,003 | 6,505 |
| Motor vehicle expenses | — | (172) |
| Other motor/travel costs | 3,048 | 2,193 |
| Legal and professional fees | 5,260 | 6,645 |
| Other office costs | 17,146 | 12,596 |
| Depreciation | 27,494 | 27,298 |
| Other interest payable and similar charges | 2,170 | 1,370 |
| Other governance costs | 35 | 35 |
| Licences/memberships | 1,671 | 2,545 |
| Training | 5,700 | 2,058 |
| Marketing & PR | 330 | 1,948 |
| 242,248 | 211,733 | |
| Total expenditure | 244,441 | 213,062 |
| Net income | 57,030 | 4,661 |
| Notes to the Detailed Statement of Financial Activitie Year ended 31 December 2021 |
s (continued) | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Water-based activities | ||
| Activities undertaken directly | ||
| Water-based activities - Activity expenditure | 12,109 | 9,724 |
| Water-based activities - wages/salaries | 90,564 | 69,115 |
| Water-based activities - employer’s NIC | 4,088 | 2,017 |
| Water-based activities - pension costs | 1,784 | 1,123 |
| Water-based activities - fuel and travel | 3,048 | 1,794 |
| Water-based activities - legal and professional fees | 1,360 | 2,745 |
| Water-based activities - admin & sundries | 190 | 219 |
| Water-based activities - depreciation | 27,494 | 27,298 |
| Water-based activities - Bank and card charges | 2,170 | 1,370 |
| Water-based activities - training | 4,388 | 745 |
| Water-based activities- marketing & PR | 330 | 1,523 |
| 147,525 | 117,673 | |
| Supportcosts | ||
| Water-based activities - wages/salaries | 50,901 | 43,253 |
| Water-based activities - employer’s NIC | 2,267 | 1,248 |
| Water-based activities - pension costs | 989 | 695 |
| Water-based activities - maintenance and premises costs | 9,689 | 10,182 |
| Water-based activities - insurance | 7,003 | 6,505 |
| Water-based activities - motor vehicle expenses | — | (172) |
| Water-based activities - admin and sundries | 16,956 | 12,328 |
| Water-based activities - licences/membership | 1,671 | 2,545 |
| Water-based activities - training | 1,312 | 1,313 |
| 90,788 | 77,897 | |
| Shore-based courses | ||
| Activities undertaken directly | ||
| Shore-based courses - Activity expenditure | — | 1,920 |
| Shore-based courses - wages/salaries | — | 6,887 |
| Shore-based courses - employer’s NIC | — | 199 |
| Shore-based courses - pension costs | — | 111 |
| Shore-based courses - other motor/travel costs | — | 399 |
| Shore-based courses - marketing & PR | — | 425 |
| — | 9,941 | |
| Supportcosts | ||
| Shore-based courses - wages/salaries | — | 2,142 |
| Shore-based courses - employer’s NIC | — | 62 |
| Shore-based courses - pension costs | 34 | |
| Shore-based courses - other office costs | 49 | |
| — | 2,287 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Governance | costs | |||
| Governance | costs | - audit fees | 3,900 | 3,900 |
| Governance | costs | 35 | 35 | |
| 3,935 | 3,935 | |||
| Expenditure | on charitable activities | 242,248 | 211,733 |