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|---|---|
|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||2021|2020|
|---|---|---|---|
|||£|£|
|Recognised|in income from donations and legacies:|||
|Government|grants income|34,281|49,479|
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|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|
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|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|
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|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|
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|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|
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|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|
##
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|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|
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||||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|