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||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|
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|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||
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||||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|
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|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|
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|Leasehold improvements|-|20% straight line|
|---|---|---|
|Boats & equipment|-|20% straight line|
|Computer & IT equipment|-|20% straight line|
|Fixtures and fittings|-|20% straight line|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|
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|
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||||||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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|