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|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|
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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 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||
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||||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|
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|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|
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|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|
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|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|
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|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|
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||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|
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|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|
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|||||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|
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|
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|
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||||||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|
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|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|
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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:|||
||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|
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|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|
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|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|
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|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||
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|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|