| Page | |
|---|---|
| Trustees’ Annual Report | I |
| Independent Auditor’s Report to the Trustees of All-Aboard! | |
| Water Sport and Water Recreational Activity (Bristol) | 7 |
| Statement ofFinancial Activities | II |
| Statement of Financial Position | 12 |
| Notes to the Financial Statements | 13 |
| The following pages do notform part ofthe financial statements | |
| Detailed Statement ofFinancial Activities | 26 |
| Notes to the Detailed Statement of Financial Activities | 28 |
| Reference and administrative | details |
|---|---|
| Registered charity name | All-Aboardl Water Sport and Water Recreational Activity (Bristol) |
| Charity registration number | 1151374 |
| Principal office | Baltic Wharf |
| Cumberland Road | |
| Bristol | |
| BS1 6XG | |
| The trustees |
| MrT Stevenson | (Resigned 31 December 2023) | ||
|---|---|---|---|
| Mr S Chapman | |||
| Ms G Hannan | (Resigned 11 February 2024) | ||
| Mr P Golding | (Resigned 5 February 2024) | ||
| Ms J Fionda | (Resigned 22 May 2024) | ||
| Ms K Dursley | |||
| Mr S Weeks | (Appointed 25 April2023) | ||
| MrA Clay | (Appointed 24 January 2024) | ||
| MrA J Cherry | (Appointed 30 January 2024) | ||
| Mr P Truss | (Appointed 5 February 2024) | ||
| Ms S Pyne-Carillo | (Appointed 13 May 2024) | ||
| Auditor | Jay & Jay Partnership Limited | ||
| Chartered Certified Accountants & statutory auditor | |||
| 2 Chesterfield Buildings | |||
| Westbourne Place | |||
| Clifton | |||
| Bristol | |||
| BS8 1RU | |||
| Bankers | Lloyds Bank | ||
| 25 Gresham Street | |||
| - | London | ||
| EC2V 7HN |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 30,949 | 63,143 | 94,092 | 52,468 |
| Charitable activities | 5 | 179,674 | 31,311 | 210,985 | 229,388 |
| Other trading activities | 6 | 15,766 | — | 15,766 | 7,737 |
| Other income | 7 | 6,636 | — | 6,636 | 4,611 |
| Total income | 233,025 | 94,454 | 327,479 | 294,204 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs ofother trading activities | 8 | 7,084 | — | 7,084 | 3,188 |
| Expenditure on charitable activities | 9 | 210,778 | 54,717 | 265,495 | 246,243 |
| Total expenditure | 217,862 | 54,717 | 272,579 | 249,431 | |
| Net income | 15,163 | 39,737 | 54,900 | 44,773 | |
| Transfers between funds | 32,850 | (32,850) | |||
| Net movement in funds | 48,013 | 6,887 | 54,900 | 44,773 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 235,260 | 16,429 | 251,689 | 206,916 | |
| Total funds carried forward | 19 | 283,273 | 23,316 | 306,589 | 251,689 |
| Statement of Financial.Position 31 December 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 82,538 | 62,509 |
| Current assets | |||
| Debtors | 16 | 22,518 | 19.647 |
| Cash at bank and in hand | 252,724 | 211,617 | |
| 275,240 | 231,264 | ||
| Creditors: amounts falling due within one year | 17 | 51,189 | 42,084 |
| Net currentassets | 224,051 | 189,180 | |
| Total assets less current liabilities | 306,589 | 251,689 | |
| Net assets | 306,589 | 251.639 | |
| Funds of the charity | |||
| Restricted funds | 23,316 | 16,429 | |
| Unrestricted funds | 283,273 | 235,260 | |
| Total charityfunds | 19 | 306,589 | 251,689 |
| Leasehold improvements | - | 20% straight line |
|---|---|---|
| Boats & equipment | - | 20% straight line |
| Computer & IT equipment | - | 20% straight line |
| Fixtures and fittings | - | 20% straight line |
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 9,000 | 3,081 | 12,081 | |
| Grants | ||||
| Grants | 21,949 | 60,062 | 82,011 | |
| 30,949 | 63,143 | 94,092 |
| 4. | Donations and legacies (continued) | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 7432 | 6,006 | 13438 | |
| Grants | ||||
| Grants | — | 39,030 | 39,030 | |
| 7,432 | 45,036 | 52,468 | ||
| 5. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Performance-related grants | — | 31,311 | 31,311 | |
| Water-based activities income | 178,829 | — | 178,829 | |
| Shore-based courses income | 845 | — | 845 | |
| 179,674 | 31,311 | 210,985 | ||
| 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 | 229388 | ||
| 6. | Othertrading activities | |||
| All | All | |||
| unrestricted | unrestricted | |||
| funds 2023 | funds 2022 | |||
| £ | £ | |||
| Income from room and equipment hire | 3,795 | 3,670 | ||
| Sale of publications and merchandise | 281 | 284 | ||
| Provision of safety boat cover | 11,690 | 3,783 | ||
| 15,766 | 7,737 |
| Other income | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Income from sale offixed assets and equipment | 6338 | 6,338 | |
| Miscellaneous | 163 | 163 | |
| Rental income | 135 | 135 | |
| 6,636 | 6,636 | ||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Income from sale offixed assets and equipment | 2,913 | 2,913 | |
| Miscellaneous | 51 | 411 | 462 |
| Rental income | 1,236 | 1,236 | |
| 4,200 | 411 | 4,611 |
| 8. | Costs ofothertrading activities | |||
|---|---|---|---|---|
| All | All | |||
| Unrestricted | Unrestricted | |||
| Funds 2023 | Funds 2022 | |||
| £ | £ | |||
| Costs oftrading activities | 7,084 | 3,188 | ||
| 9. | Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Water-based activities | 119,872 | 41,424 | 161,296 | |
| Shore-based courses | 3,627 | 3,627 | ||
| Support costs | 90,906 | 9,666 | 100,572 | |
| 210,778 | 54,717 | 265,495 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Water-based activities | 106,029 | 40,054 | 146,083 | |
| Shore-based courses | 600 | 600 | ||
| Support costs | 87,543 | 12,017 | 99,560 | |
| 193,572 | 52,671 | 246,243 |
| 10. | Analysis ofsupport costs | ||||
|---|---|---|---|---|---|
| Water based | Shore-based | ||||
| activities | courses | Total 2023 | Total 2022 | ||
| £ | £ | £ | £ | ||
| Staffcosts | 42,180 | 200 | 42,380 | 46,741 | |
| Premises | 13,855 | 1,792 | 15,647 | 10,606 | |
| General office | 16,154 | — | 16,154 | 15,609 | |
| Governance costs | 4,875 | — | 4,875 | 4,735 | |
| Othercosts | 21516 | 21,516 | 21,869 | ||
| 98,580 | 1,992 | 100,572 | 99,560 | ||
| 11. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation oftangible fixed assets | 27,465 | 23,925 | |||
| 12. | Auditors remuneration | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable for the audit ofthe financial | statements | 4,600 | 4,500 |
| Staff costs | Staff costs | |
|---|---|---|
| The total staffcosts and employee benefits for the reporting period are analysed as | follows: | |
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 141,986 | 141,514 |
| Social security costs | 3,631 | 4,694 |
| Employer contributions to pension plans | 2,349 | 2,563 |
| 147,966 | 148,771 |
| 15. | Tangible fixed assets | |||||||
|---|---|---|---|---|---|---|---|---|
| Leasehold | Computer | & | ||||||
| mprovement | Boats & | IT | Fixtures | & | ||||
| s | equipment | equipment | fittings | Total | ||||
| £ | £ | £ | £ | £ | ||||
| Cost | ||||||||
| At 1 January 2023 | 1,855 | 292,022 | 9175 | 10,564 | 313,616 | |||
| Additions | — | 46,258 | — | 2,000 | 48,258 | |||
| Disposals | — | (26,799) | (520) | — | (27,319) | |||
| At31 December2023 | 1,855 | 311,481 | 8,655 | 12,564 | 334,555 | |||
| Depreciation | ||||||||
| At I January2023 | 1,855 | 237,051 | 8,619 | 3,582 | 251,107 | |||
| Chargefortheyear | — | 25,000 | 186 | 2,279 | 27,465 | |||
| Disposals | — | (26,035) | (520) | — | (26,555) | |||
| At31 December2023 | 1,855 | 236,016 | 8,285 | 5861 | 252,017 | |||
| Carrying amount | ||||||||
| At 31 December 2023 | 75,465 | 370 | 6,703 | 82,538 | ||||
| At 31 December 2022 | 54,971 | 556 | 6,982 | 62,509 | ||||
| 16. | Debtors | |||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Trade debtors | 2,693 | 7,268 | ||||||
| Prepayments and accrued income | 19,823 | 12,379 | ||||||
| 22,516 | 19,647 | |||||||
| 17. | Creditors: amounts falling due | within one | year | |||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Accruals and deferred income | 48,365 | 41,324 | ||||||
| Social security and other taxes | 874 | 216 | ||||||
| Other creditors | 1,950 | 544 | ||||||
| 51,189 | 42,084 |
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 Jan 2023 | Income | Expenditure | Transfers | 31 Dec 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 42,751 | 208,466 | (190,319) | (14,644) | 46,254 |
| Designated funds | |||||
| Resilience Fund | 60,000 | — | — | — | 60,000 |
| Unrestricted fund - | |||||
| grants and donations for | |||||
| designated purposes | — | 24,559 | (78) | — | 24,481 |
| Boat and Equipment | |||||
| Replacement Fund | 40,000 | — | — | — | 40,000 |
| Building Upgrade Fund | 30,000 | — | — | — | 30,000 |
| Asset Depreciation Fund | 62,509 | — | (27,465) | 47,494 | 82,538 |
| 235,260 | 233,025 | (217,862) | 32,850 | 283,273 | |
| 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 |
equipment in the year. Restricted funds |
, | ||||
|---|---|---|---|---|---|
| At | |||||
| At 1 Jan 2023 £ |
Income £ |
Expenditure £ |
Transfers £ |
31 Dec 2023 £ |
|
| Sundry grants | 1,342 | 12,536 | (9,141) | (1,850) | 2,887 |
| Sailability | 4,663 | 1,069 | (2,048) | — | 3,684 |
| RYA Tackling | |||||
| Inequalities Fund | — | 4,246 | (4,246) | — | — |
| Nisbet Trust | — | 15,600 | — | — | 15,600 |
| JGWTurner | — | 2,000 | (855) | — | 1,145 |
| Age UK Bristol Building | |||||
| Boats Building Lives | |||||
| project | 9,390 | (9,390) | |||
| Scobell Trust | — | — | — | — | |
| Quartet Resilience Fund | 3,529 | — | (3,529) | — | |
| Trinity House | 3,000 | 2,200 | (5,200) | — | |
| Newby Trust | 3,895 | — | (3,895) | — | |
| True Colours | — | 3,700 | (3,700) | — | |
| Whirlwind | — | 4,880 | (4,880) | — | |
| Douglas Bader | — | 2,000 | (2,000) | — | |
| BC Stronger Together | — | 3,303 | (3,303) | — | |
| Bristol Masons | — | 2,530 | (2,530) | — | |
| Garfield Weston | — | 23,000 | — | (23,000) | |
| John James | — | 8,000 | — | (8,000) | |
| 16,429 | 94,454 | (54,717) | (32,850) | 23,316 |
| At | |||||
|---|---|---|---|---|---|
| At 1 Jan 2022 | Income | Expenditure | Transfers | 31 Dec 2022 | |
| £ | £ | £ | £ | £ | |
| Quartet Foundation | |||||
| donor directed grant | — | 3,288 | (3,288) | — | |
| Sundry grants | — | 5,395 | (4,053) | 1,342 | |
| Sailability | 3,962 | 2,414 | (1,713) | 4663 | |
| 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) | — | |
| Age 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 | — | 7600 | — | (7,800) | — |
| Quartet Megawatt Fund | — | 4,000 | — | (4,000) | — |
| 15042 | 75,108 | (52,671) | (21,050) | 16,429 |
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 82,538 | — | 82,538 |
| Current assets | 220,453 | 54,787 | 275,240 |
| Creditors less than 1 year | (19,718) | (31,471) | (51,189) |
| Net assets | 283,273 | 23,316 | 306,589 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 62,509 | — | 62,509 |
| Currentassets | 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 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 4,330 | 2,458 |
| Later than 1 year and not later than 5 years | 7,283 | 3,333 |
| 11,613 | 5,791 |
| Detailed StatementofFinancial Activities Year ended 31 December 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 12,081 | 13,438 |
| Grants | 82,011 | 39,030 |
| 94,092 | 52,468 | |
| Charitable activities | ||
| Performance-related grants | 31311 | 29,661 |
| Water-based activities income | 178,829 | 199297 |
| Shore-based courses income | 845 | 430 |
| 210,985 | 229,388 | |
| Other trading activities | ||
| Income from room and equipment hire | 3,795 | 3,670 |
| Sale of publications and merchandise | 281 | 284 |
| Provision of safety boat cover | 11,690 | 3,783 |
| 15,766 | 7,737 | |
| Other income | ||
| Income from sale offixed assets and equipment | 6,338 | 2,913 |
| Miscellaneous | 163 | 462 |
| Rental income | 135 | 1,236 |
| 6,636 | 4,611 | |
| Total income | 327,479 | 294,204 |
| Year ended 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Expenditure | ||
| Costs of othertrading activities | ||
| Wages and salaries | 3583 | 1,400 |
| Othercosts | 3,501 | 1,788 |
| 7,084 | 3,188 | |
| Expenditure on charitable activities | ||
| Purchases | 21854 | 12,979 |
| Wages and salaries | 138403 | 140,114 |
| Employer’s NIC | 3,631 | 4,694 |
| Pension coats | 2,349 | 2,563 |
| Repairs and maintenance | 15,647 | 10,606 |
| Insurance | 9,907 | 8,911 |
| Other motor/travel costs | 3,284 | 3,540 |
| Legal and professional fees | 4,840 | 5,506 |
| Other office costs | 22504 | 22,093 |
| Depreciation | 27,465 | 23,925 |
| Other interest payable and similar charges | 2,351 | 2,170 |
| Other governance costs | 35 | 35 |
| Licences/memberships | 2,606 | 4,137 |
| Training | 10,290 | 4,715 |
| Water-based activities- marketing & PR | 329 | 255 |
| 265,495 | 246,243 | |
| Total expenditure | 272,579 | 249,431 |
| Net income | 54,900 | 44,773 |
| Notes to the Detailed StatementofFinancial Year ended 31 December 2023 |
Activities | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| costs of othertrading activities | ||
| Costs oftrading activities | ||
| All trading activities - wages | 3,583 | 1,400 |
| All trading activities - other costs | 3501 | 1,788 |
| 7,084 | 3,188 | |
| Costs of other trading activities | 7,084 | 3,188 |
| Notes to the Detailed Statementof Financial Activitie Yearended 31 December 2023 |
s (continued) | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Water-based activities | ||
| Activities undertaken directly | ||
| Water-based activities - Activity expenditure | 21,854 | 12,979 |
| Water-based activities - wages/salaries | 95,871 | 95,848 |
| Water-based activities - employer’s NIC | 2,569 | 3,226 |
| Water-based activities - pension costs | 1,662 | 1,762 |
| Water-based activities - fuel and travel | 3,284 | 3,540 |
| Water-based activities - admin & sundries | 374 | 294 |
| Water-based activities - depreciation | 27,465 | 23,925 |
| Water-based activities - Bank and card charges | 2,351 | 2,170 |
| Water-based activities - training | 5,626 | 2,084 |
| Water-based activities- marketing & PR | 240 | 255 |
| 161,296 | 146,083 | |
| Support costs | ||
| Water-based activities - wages/salaries | 40,476 | 43,505 |
| Water-based activities - employer’s NIC | 1,035 | 1,443 |
| Water-based activities - pension costs | 670 | 788 |
| Water-based activities - maintenance and premises costs | 13,855 | 9,176 |
| Water-based activities - insurance | 9,907 | 8,911 |
| Water-based activities - legal and professional fees | — | 806 |
| Water-based activities - admin and sundries | 22,130 | 21,799 |
| Water-based activities - licences/mernbership | 2,606 | 4,137 |
| Water-based activities - training | 3,026 | 2,631 |
| 93,705 | 93,196 | |
| Shore-based courses | ||
| Activities undertaken directly | ||
| Shore-based courses - wages/salaries | 1,864 | 571 |
| Shore-based courses - employer’s NIC | 22 | 19 |
| Shore-based courses - pension costs | 14 | 10 |
| Shore-based courses - training | 1,638 | |
| Shore-based courses - marketing & PR | 89 | |
| 3,627 | 600 | |
| Support costs | ||
| Shore-based courses - wages/salaries | 192 | 190 |
| Shore-based courses - employer’s NIC | 5 | 6 |
| Shore-based courses - pension costs | 3 | 3 |
| Shore-based courses - maintenance and premises costs | 1,792 | 1,430 |
| 1,992 | 1,629 | |
| Governance costs | ||
| Governance costs - audit fees | 4,840 | 4,700 |
| Carried forward | 4,840 | 4,700 |
| Notes to the Detailed StatementofFinancial A Year ended 31 December 2023 |
ctivities (continued) | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Brought forward | 4,840 | 4,700 |
| Governance costs | 35 | 35 |
| 4,875 | 4,735 | |
| Expenditure on charitable activities | 265,495 | 246,243 |