| Page | |
|---|---|
| Trustees’ Annual Report | 1 |
| Independent Auditor’s Report to theTrustees ofAll-Aboard! | |
| Water Sport and Water Recreational Activity (Bristol) | 7 |
| Statement of Financial Activities | 11 |
| Statement of Financial Position | 12 |
| Notes to the Financial Statements | 13 |
| Thefollowing pages do not form part of thefinancial statements | |
| Detailed Statement of Financial Activities | 26 |
| Notes to the Detailed Statement of Financial Activities | 28 |
| 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 6XG | ||
| Thetrustees | ||
| Mr T Stevenson | ||
| Mr S Chapman | ||
| Ms C Hannan | ||
| Mr P Golding | ||
| Ms U Fionda | ||
| Mr S Weeks | (Resigned 1 December 2022 and reappointed 25 April 2023) |
|
| Ms K Dursley | ||
| Auditor | Jay & Jay Partnership Limited | |
| Chartered Certified Accountants & statutory auditor | ||
| 2 Chesterfield Buildings | ||
| Westbourne Place | ||
| Clifton | ||
| Bristol | ||
| BSB 1RU | ||
| Bankers | Lloyds Bank | |
| 25 Gresham Street | ||
| London | ||
| EC2V 7HN |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 7,432 | 45,036 | 52,468 | 103,411 |
| Charitable activities | 5 | 199,727 | 29,661 | 229,388 | 181,209 |
| Othertrading activities | 6 | 7,737 | — | 7,737 | 5,005 |
| Other income | 7 | 4,200 | 411 | 4,611 | 11,846 |
| Total income | 219,096 | 75,108 | 294,204 | 301,471 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of othertrading activities | 8 | 3,188 | — | 3,188 | 2,193 |
| Expenditure on charitable activities | 9 | 193,572 | 52,671 | 246,243 | 242,248 |
| Total expenditure | 196,760 | 52,671 | 249,431 | 244,441 | |
| Net income | 22,336 | 22,437 | 44,773 | 57,030 | |
| Transfers between funds | 21,050 | (21,050) | |||
| Net movement in funds | 43,386 | 1,387 | 44,773 | 57,030 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 191,874 | 15,042 | 206,916 | 149,886 | |
| Total funds carried forward | 20 | 235,260 | 16,429 | 251,689 | 206,916 |
| Statement of Financial Position 31 December2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 62,509 | 34,035 |
| Currentassets | |||
| Debtors | 16 | 19,647 | 10,408 |
| Cash at bank and in hand | 211,617 | 230,024 | |
| 231,264 | 240,432 | ||
| Creditors: amountsfalling duewithin one year | 17 | 42,084 | 67,551 |
| Net currentassets | 189,180 | 172,881 | |
| Total assets less currentliabilities | 251,689 | 206,916 | |
| Net assets | 261,689 | 206,916 | |
| Fundsofthecharity Restricted funds |
16,429 | 15,042 | |
| Unrestricted funds | 235,260 | 191,874 | |
| Total charity funds | 20 | 251,689 | 206,916 |
| 4. | Donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 7,432 | 6,006 | 13,438 | |
| Grants | ||||
| Grants | — | 39,030 | 39,030 | |
| Government grant income | ||||
| 7,432 | 45,036 | 52,468 | ||
| 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 | ||
| 5. | Charitableactivities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Performance-related grants | — | 29,661 | 29,661 | |
| Water-based activities income | 199,297 | — | 199,297 | |
| Shore-based courses income | 430 | — | 430 | |
| 199,727 | 29,661 | 229,388 | ||
| 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 |
| es to the Financial Statements (continued) r ended 31 December 2022 Othertradingactivities |
|||
|---|---|---|---|
| All | All | ||
| unrestricted | unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Income from room and equipment hire | 3,670 | 1,620 | |
| Sale of publications and merchandise | 284 | 479 | |
| Provision of safety boat cover | 3,783 | 2,906 | |
| 7,737 | 5,005 | ||
| Other income | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Income from sale affixed assets and equipment | 2,913 | 2,913 | |
| Miscellaneous | 51 | 411 | 462 |
| Rental income | 1,236 | — | 1,236 |
| 4,200 | 411 | 4,611 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Income from sale of fixed assets and equipment | 8,936 | — | 8,936 |
| Miscellaneous | 233 | — | 233 |
| Rental income | 2,677 | — | 2,677 |
| 11,846 | 11,846 |
| All | All | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Funds 2022 | Funds 2021 | |||
| £ | £ | |||
| Costs | oftrading | activities | 3,188 | 2,193 |
| 9. | Expenditure on charitable activities | byfund type | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Water-based activities | 106,027 | 40,054 | 146,083 | ||
| Shore-based courses | 600 | 600 | |||
| Support costs | 87,545 | 12,017 | 99,560 | ||
| 193,572 | 52,671 | 246,243 | |||
| 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 | |||
| 10. | Analysis of support costs | ||||
| Water based | Shore-based | ||||
| activities | courses | Total 2022 | Total 2021 | ||
| £ | £ | £ | £ | ||
| Staff costs | 46,542 | 199 | 46,741 | 54,157 | |
| Premises | 9,176 | 1,430 | 10,606 | 9,689 | |
| General office | 15,609 | — | 15,609 | 13,452 | |
| Governance costs | 4,735 | — | 4,735 | 3,935 | |
| Othercosts | 21,869 | — | 21,869 | 13,490 | |
| 97,931 | 1,629 | 99,560 | 94,723 | ||
| 11. | Net income | ||||
| Net income is stated after chargingf(crediting): | |||||
| 2022 | 2021 | ||||
| C | £ | ||||
| Depreciation of tangible fixed assets | 23,925 | 27,494 | |||
| 12. | Auditors remuneration | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable forthe audit of the financial statements | 4,500 | 4,000 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 141,514 | 142,693 |
| Social security costs | 4,694 | 6,355 |
| Employer contributions to pension plans | 2,563 | 2,773 |
| 148,771 | 151,821 |
| 15. | Tangible fixed assets | |||||||
|---|---|---|---|---|---|---|---|---|
| Leasehold | Computer | & | ||||||
| rnprovement | Boats & | IT | Fixtures | & | ||||
| s | equipment | equipment | fittings | Total | ||||
| £ | £ | £ | £ | £ | ||||
| Cost | ||||||||
| At 1 January2022 | 1,855 | 270,033 | 9,175 | 3,014 | 284,077 | |||
| Additions | — | 45,061 | — | 7,550 | 52,611 | |||
| Disposals | — | (23,072) | — | — | (23,072) | |||
| At31 December2022 | 1,855 | 292,022 | 9,175 | 10,564 | 313,616 | |||
| Depreciation | ||||||||
| At 1 January2022 | 1,762 | 238,633 | 8,178 | 1,469 | 250,042 | |||
| Chargefortheyear | 93 | 21,278 | 441 | 2,113 | 23,925 | |||
| Disposals | — | (22,860) | — | — | (22,860) | |||
| At31 December2022 | 1,855 | 237,051 | 8,619 | 3,582 | 251,107 | |||
| Carrying amount | ||||||||
| At 31 December 2022 | — | 54,971 | 556 | 6,982 | 62,509 | |||
| At31 December2021 | 93 | 31,400 | 997 | 1,545 | 34,035 | |||
| 16. | Debtors | |||||||
| 2022 | 2021 | |||||||
| £ | £ | |||||||
| Trade debtors | 7,268 | 514 | ||||||
| Prepayments and accrued income | 12,379 | 9,894 | ||||||
| 19,647 | 10,408 | |||||||
| 17. | Creditors: amounts falling duewithin one | year | ||||||
| 2022 | 2021 | |||||||
| £ | £ | |||||||
| Trade creditors | 929 | |||||||
| Accruals and deferred income | 41,324 | 64,954 | ||||||
| Social security and other taxes | 216 | 1,607 | ||||||
| Other creditors | 544 | 61 | ||||||
| 42,084 | 67,551 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Recognised in income from donations and | legacies: | ||||
| Government grants income | — | 34,281 | |||
| Analysis of charitable funds | |||||
| Unrestricted funds | |||||
| At | |||||
| At 1 Jan 2022 | Income | Expenditure | Transfers | 31 Dec 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 24,565 | 218,076 | (168,541) | (31,349) | 42,751 |
| Designated funds | |||||
| Resilience Fund | 60,000 | — | 60,000 | ||
| Unrestricted fund | |||||
| grants and donations for | |||||
| designated purposes | 3,274 | 1,020 | (4,294) | — | |
| Boat and Equipment | |||||
| Replacement Fund | 40,000 | — | — | — | 40,000 |
| Building Upgrade Fund | 30,000 | — | — | — | 30,000 |
| Asset Depreciation Fund | 34,035 | — | (23,925) | 52,399 | 62,509 |
| 191,874 | 219,096 | (196,760) | 21,050 | 235,260 | |
| At | |||||
| At 1 Jan 2021 | Income | Expenditure | Transfers | 31 Dec 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 4,243 | 261,594 | (201,489) | (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 |
equipment in the year. Restricted funds |
, | ||||
|---|---|---|---|---|---|
| At | |||||
| At 1 Jan 2022 £ |
Income £ |
Expenditure £ |
Transfers £ |
31 Dec 2022 £ |
|
| Quartet Foundation | |||||
| donor directed grant | — | 3,288 | (3,288) | — | — |
| Sailability | 3,962 | 2,414 | (1,713) | — | 4,663 |
| RYA Tackling | |||||
| Inequalities Fund | — | 8,100 | (8,100) | ||
| Nisbet Trust | 8,080 | — | (8,080) | ||
| Sport England Return to | |||||
| Play | 3,000 | — | (3,000) | ||
| Avison Young! | |||||
| Groundwork | — | 7,000 | (7,000) | — | — |
| Ago UK Bristol Building | |||||
| Boats Building Lives | |||||
| project | — | 7,861 | (7,861) | — | — |
| Scobell Trust | — | 2,000 | (2,000) | — | — |
| Quartet Resilience Fund | — | 10,000 | (6,471) | — | 3,529 |
| Trinity House | — | 3,000 | — | — | 3,000 |
| Newby Trust | — | 5,000 | (1,105) | — | 3,895 |
| RYA Foundation | — | 9,250 | — | (9,250) | — |
| NLF Community Fund | — | 7,800 | — | (7,800) | — |
| Quartet Megawatt Fund | — | 4,000 | — | (4,000) | — |
| Sundrygrants | — | 5,395 | (4,053) | — | 1,342 |
| 15,042 | 75,108 | (52,671) | (21,050) | 16,429 |
| At | |||||
|---|---|---|---|---|---|
| At 1 Jan 2022 £ |
Income £ |
Expenditure £ |
Transfers £ |
31 Dec 2022 £ |
|
| Quartet Foundation | |||||
| donor directed grant | — | 2,900 | (2,900) | — | — |
| Sailability | 3,296 | 2,097 | (1,431) | — | 3,962 |
| SEN Support | 500 | — | (500) | — | — |
| RYA Tackling | |||||
| Inequalities Fund | — | 5,888 | (5,888) | ||
| Nisbet Trust | — | 8,080 | — | 8,080 | |
| JGW Turner | — | 3,000 | — | (3,000) | |
| Clothworkers | — | 6,900 | — | (6,900) | |
| Sport England Return to | |||||
| Play | — | 3,000 | — | 3,000 | |
| Sundry grants | — | 4,738 | (4,738) | — | — |
| 3,796 | 36,603 | (15,457) | (9,900) | 15,042 |
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 62,509 | — | 62,509 |
| Current assets | 185,980 | 45,284 | 231,264 |
| Creditors less than 1 year | (13,229) | (28,855) | (42,084) |
| Net assets | 235,260 | 16,429 | 251,689 |
| 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 | (21443) | (46,108) | (67,551) |
| Net assets | 191,874 | 15,042 | 206,916 |
| Operating lease commitments | Operating lease commitments | Operating lease commitments |
|---|---|---|
| The total future minimum lease payments under non-cancellable operating leases are as follows: | ||
| 2022 | 2021 | |
| £ | £ | |
| Not later than 1 year | 2,458 | 3,500 |
| Later than 1 year and not laterthan 5 years | 3,333 | 5,458 |
| Laterthan 5 years | 333 | |
| 5,791 | 9,291 |
| Detailed Statement of Financial Activities Yearended 31 December 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 13,438 | 11,743 |
| Grants | 39,030 | 57,387 |
| Government grant income | — | 34,281 |
| 52,468 | 103,411 | |
| Charitableactivities | ||
| Performance-related grants | 29,661 | 9,588 |
| Water-based activities income | 199,297 | 171,621 |
| Shore-based courses income | 430 | |
| 229,388 | 181,209 | |
| Othertrading activities | ||
| Income from room and equipment hire | 3,670 | 1,620 |
| Sale of publications and merchandise | 284 | 479 |
| Provision of safety boat cover | 3,783 | 2,906 |
| 7,737 | 5,005 | |
| Other income | ||
| Income from sale of fixed assets and equipment | 2,913 | 8,936 |
| Miscellaneous | 462 | 233 |
| Rental income | 1,236 | 2,677 |
| 4,611 | 11,846 | |
| Total income | 294,204 | 301,471 |
| Yearended 31 December2022 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | ||
| Expenditure | ||
| Costs of other trading activities | ||
| Wages and salaries | 1,400 | 1,228 |
| Other costs | 1,788 | 965 |
| 3,188 | 2,193 | |
| Expenditure on charitable activities | ||
| Purchases | 12,979 | 12,109 |
| Wages and salaries | 140,114 | 141,465 |
| Employer’s NIC | 4,694 | 6,355 |
| Pension costs | 2,563 | 2,773 |
| Repairs and maintenance | 10,606 | 9,689 |
| Insurance | 8,911 | 7,003 |
| Other motor/travel costs | 3,540 | 3,048 |
| Legal and professional fees | 5,506 | 5,260 |
| Other office costs | 22,093 | 17,146 |
| Depreciation | 23,925 | 27,494 |
| Other interest payable and siniilar charges | 2,170 | 2,170 |
| Other governance costs | 35 | 35 |
| Licences/memberships | 4,137 | 1,671 |
| Training | 4,715 | 5,700 |
| Water-based activities- marketing & PR | 255 | 330 |
| 246,243 | 242,248 | |
| Total expenditure | 249,431 | 244,441 |
| Net income | 44,773 | 57,030 |
| Notesto the Detailed Statement of Financial Activitie Yearended 31 December2022 |
s (continued) | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Water-based activities | ||
| Activities undertaken directly | ||
| Water-based activities - Activity expenditure | 12,979 | 12,109 |
| Water-based activities - wages/salaries | 95,848 | 90,564 |
| Water-based activities - employer’s NIC | 3,226 | 4,088 |
| Water-based activities - pension costs | 1,762 | 1,784 |
| Water-based activities - fuel and travel | 3,540 | 3,048 |
| Water-based activities - legal and professional fees | — | 1,360 |
| Water-based activities - admin & sundries | 294 | 190 |
| Water-based activities - depreciation | 23,925 | 27,494 |
| Water-based activities - Bank and card charges | 2,170 | 2,170 |
| Water-based activities - training | 2,084 | 4,388 |
| Water-based activities- marketing & PR | 255 | 330 |
| 146,083 | 147,525 | |
| Supportcosts | ||
| Water-based activities - wages/salaries | 43,505 | 50,901 |
| Water-based activities - employer’s NIC | 1,443 | 2,267 |
| Water-based activities - pension costs | 788 | 989 |
| Water-based activities - maintenance and premises costs | 9,176 | 9,689 |
| Water-based activities - insurance | 8,911 | 7,003 |
| Water-based activities - legal and professional fees | 806 | — |
| Water-based activities - admin and sundries | 21,799 | 16,956 |
| Water-based activities - licences/membership | 4,137 | 1,671 |
| Water-based activities - training | 2,631 | 1,312 |
| 93,196 | 90,788 | |
| Shore-based courses | ||
| Activitiesundertaken directly | ||
| Shore-based courses - wages/salaries | 571 | |
| Shore-based courses - employer’s NIC | 19 | |
| Shore-based courses - pension costs | 10 | |
| 600 | ||
| Supportcosts Shore-based courses - wages/salaries |
iso | |
| Shore-based courses - employer’s NIC | 6 | |
| Shore-based courses - pension costs | 3 | |
| Shore-based courses - maintenance and premises costs | 1,430 | |
| 1,629 |
| Notes to the Detailed Statement of Financial A Year ended 31 December 2022 |
ctivities (continued) | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Governance costs | ||
| Governance costs - audit fees | 4,700 | 3,900 |
| Governance costs | 35 | 35 |
| 4,735 | 3,935 | |
| Expenditure on charitable activities | 246,243 | 242,248 |