2021-10-31-accounts

Re8iSterJ Charity No. 1151 Company No.. CE(X)0411 Shaldon R A Chritble Inc tt Asw¢i*iio rated rt attd Fi￿￿￿¢ Forthty 31 r 2021

hald Contenls for ihe Yt*r Ended 31 21J21 Le8al and Administrative Inf￿ati Trustees. Annual ReFrfYl Independent Examhner's rep( Ststement of Financial Aaiwties Balance sheet Notes to the financial 4at¢ments

Shaldon R As￿1¢•0 al and Administrativt ltsfornitio for the year EDded JI (ktober 2021 Trnstees Mark Pile Alan Jones Stq>hen A5tbury Susan Astbury Amanda Williams Paul Edworthy Jame5 Sioyle Claire Savva Prin¢ipal and Re8i5tered Office 40 Shoreside Shaldon TQ140BP Irldependent Examiner K. L. Evarts FCC.A The Hay GTWP Chartered Certified Acc(xmtants Berkeley H(yJse Dix's Field Exet¢r EXI IPZ Bankers Natwe5t Universiry of Exrt¢r St￿ker Road Exeter EX4 4SZ RewSter￿ Charity Number 1151W) Company Number CE(XK)411 Lega] S￿u$ A Charitable IncOrw)￿l£d Ot8ani5atii)n Rry5tered fr£￿ 10 May 2013 Pa8e I

ldott R tt Associltion Trusiees. .1￿￿￿#] Rt h YeAr EDded 31 Octo r 2021 The Trus￿ preseni their annual r¢wt and fin3naal statements otthe chatity the year ended 31 Oaci)er 2021. The finan¢ia] 5tatement5 have been &Yepar￿j in accordance with th¢ acc4xJnting wAicies set ￿t in n(rte I to the acayjnts and comply wih the Charities Au 2011, the C¢)mpanies Act 21MK>. the Menjotandum and Artides of A$$￿13tiOn and Accountin8 and Repotttng by Chatities" Statement of RecommendeAI Praaic£ applicable io chwiii¢s preparin8 their accounts in accordance with the Financial Rep(wtin8 Sthndard applicable in the UK and Republi¢ of Iieland {FRS 102) {effectiYe l January 2015). Stryctur& governm¢e mangtme#i The Sh8]don Re8atta AssIKiation is a Chatitable Organisati(m and was entered on the R¢8iSter of Charities on 10 May 2013 (No.. 11519W). The chariry's 8overnin8 d(xiJment is its CMstIb￿l0n dated 8 May 2013. Objettives nd public bt4efJt The promotion of communiiy palli¢iWion in healthy re¢reatith fff the benefit (ihe wblic by the provision of facilities for the sport of rowing and ￿ling to ￿8b]e pwle ¢0 learn how io row. scull and sahl, to practi5e these Skills and to develop seamanship. In addiiion to run 4 nine day annual Regatta with 120 sepuatr events on the water and onshore A¢hievem¢nts perfomnee This year was very differenL unfothnately C0Vll￿19 ttx hdd ftr a second year meanit)g Shaidon Regatta ¢ou]d not take place agairt this year, this is only the third time in 204 year5 that Shaldon Regatta has n(rt tsken place We are lookin8 forW￿d to a fantti5ti¢ Regatta Én 2022. Trusttts There rnust be a minirnum of three Trustees but there is no M￿lMum. The TEusle¢s durin8 the year were." Mark John Pile Alan Horbury Jone5 Stephen Astbury Susan .4sibury Atnanda Lyn Williams Paul John Edwofthy James Williarn Stoyle Claire Skan Savva lttvestmtnt poli The Chariry d¢)es not p¥rti¢ipat¢ in high risk Investsm￿ts and merely uses Instant A¢c¢ss and Intere￿ paying Savings Accwnts for exctss fur]ds. Ruervej poliry The charity's aim is io mainthin liquid reserves wljich are adts4uate to run one year's Regatta with a mar8in to cover costs sh¢Juld there be inclement weather when spcctstor numbers WLxdd be down. Risk [ThanageMe￿t Annual risk assessrnents are undertaken fi eath and evuy ev4Yrt run by the tharity. Trustees. resptsnsibilities in rdation ¢0 the f￿￿tIll ststernffils The Trustees are resw)n$ible for preT>arin8 the TTU#ttS Annua] Report and the financial ststements in accordance applicable law and Untted Kingdom A¢￿inting Swidards The law applicable to charities in England and W3]¢s requires the TTUStces to prepare financial ststements for each financial year which giwe a twe and fair view of the State of affairs of the charity and of the in¢(yrnin8 rewr￿ aThJ appli￿lOn rfrewces of the ¢harity lor that penod. Pa8e 2

ees. F•rthtle*rE Trnstcc

rt of the Ind Ddtn¢ EumiD t th Trusttt5 of Sh￿d0￿ R ttA A5￿cIatIon reky>n io the trnstees on my examinali<m (<the &ccwnts of the above charity {the-Tn&-} for the year ended 31 (ktober 2021. Responsibilities and basi5 Df report A5 the chatity'5 TTU5tees, ytsj are resph)nsible fcr the preparati(￿ of the in accA)rdanct wth the Tequiremertts of the Charities Aa 2011 (￿h¢ Act"). I report in respect of my examinalion rfthe Trust's acL¢xmts carried ojt un¢Jer secti(m 145 of the 2011 ACL and in carrying out my examinati￿ I Iwe fdlowal 811 the applithle dIr￿tIC￿S given by the Charity C(xnmission under section 145(5Mb) of the Act. Independent txaminer's ststeEDenl I have compleied my examination. I confirn) t1￿ no M￿ella1 rnatter5 have ((xne to my attaltion in ￿lne¢1•{M with the exatnination which wves me cause to bdieve that in. any mat￿la1 respe(a." the accountin8 records were not kept in accordance with seciion 130 (lthe Clwities Ac( OT the actounts did not a¢¢ord with the acc￿ntin8 [￿(￿d5. the accounts did not cornply with the applicable requirements concerning the f(Ym and Content of accounts srf oui in the Charities {Accounts and Repons) R¢8ulations 2￿)8 other than any ￿]UITemen1 that the accwnt5 Sive a 'twe and f¥ir' wew Nvhich is not a mattrr c4￿51der￿1 as part of an independent examination. I have no concerns and have corne acro￿ no Irther mattets in connecrion with the exarninthon to which attention should be drawn in this ret*yt in (Yder to enable a under￿anding ofthe to be reached. K L. Evans FCCA The Hay Grwp Chartered Certified ACtL￿￿tants Berkeley House thx's Field Exeter EX4 IAX Date". 2111212021.... Page 4

SIAierneni of FinnCl￿ Aclivi¢ies Includin Profil aNd kn55 ACCO￿￿1 Cor the Y￿￿ Ended 31 October 21121 Uorestricled Restricted Fund$ F￿￿￿$ Tol&l 2021 TotAi 2020 Incoming res0￿rr¢S Pcpliinlory inccpme Donations including rowers and others Patron5 and collections Grants Aclivilie5Jorgeiwralingfvp Re¥atta events and activities Jnveslmeiii inLvme Bank inter¢51 6.743 2.778 1.645 6,743 2.778 1.645 1.665 3.219 2.645 16 16 68 Total illCOmiDg resources Resources nptnded Acliviiie.f ￿￿erFeIth"¢14re Regatta evenis and actiwties Rent Boat repairs and 4uipmem cosrs Insurance Posta¥e and stationery Advertising Donations Sundry exrngs Profe55ionai fees Depreciation of fixal assets 512 512 306 350 57 731 57 731 731 76 76 261 250 92 240 2411 240 Totaj rtsources expettded Net movtmtni in fwod$ Reeoneiliation of Opening funds Movement in yeat 48.458 48,553 95 Total funds C￿ried forward Page 5

Tangibk Cash ￿baDk >d iti ha￿￿ 23.954 PTrf¢$5ioLal ftts 441 48.659 48,458 Totsi AppTovd by the TnbJ¢s ￿..

h￿d tt Axsoeitio r4oies io iht Fi#ncil SthitmeDts r r the l'ear Ended 31 (ktober 2021 ACCOUNTING POLICIES B#$is of preparatio The financial statements have been prepared under the historical cost conveniion and in accord8n¢e wth the Statement of Recotnmended Praaice. Accojnting and Reporting by Chartties and with the Financial Rq)ortin8 Standards applicable in ihe UK and Republir of trEland (FRS 102) and with the Charities Act 2011. Incoming resoure All incotning resources are rwTsed once ihe chaTiry h&s ￿tillement to the t¢5wrce& it is ￿rt81ft that the rewurces will be ￿¢1y￿1 and the m(MTretary value of inc(ming res(MWCtt C4n be meawred with wffJci¢nt ieliabiliry. Resourc￿ expended All expenditure is a¢cixmied fw on an acm￿5 b&si5 and be￿ cla55ifid under headings a￿￿8a1¢ ati costs relatin8 io the caie80ry. Where costs cannot be diirftly attrib￿ed to partiLwlar headin8$ they hav¢ b¢en ail(Kated to activitie5 on a bLsi$ consistent with use of rescAJr¢es. Tangible fixed assets nd depre¢iAtion Tangible fjxed assets are slated at cost les5 depreciatson. Assets with a value bejow £4(X> are Dot capitslis¢d but ate Titten off within the Statement of Fina￿131 Aaivitiu. rkpre¢iation is provid￿ so as io wriie off the cost of assets over their e511m0￿1 us¢ful lives as follows.. A59et d93 Store Equipment Dtprt¢i*lion method a¥d rate i¢r/o Straighi line 15 /0 ieducin8 balanct Unrestricted funds Unicsthcted income funds wnprise those fimds which tht trustees are free to use for any wrpose in furtherance of the ch8rithbl¢ d>jects Unrestricted funds indude d￿Ignated funds whue the tru5tee& at their discrrfion. have creaied a fund for a specific twose. Restricted fund$ Restricted funds are funds that can only be us￿1 fw re5tiid&l withTr"n the ￿JeCts ofthe ¢lwity. DEFERRED INCOME Deferred income rdates to funds r&eiYed in 2011 and 2013 fr￿ Strtrt England for the purchase of fi%eAJ ass¢tS and is br¢)u8ht in to the Statement of Financial Aasviiies over the expected USefi￿ lives of these asseis 2021 2020 Amounts fatling due within one yeaT Amounts fallin8 due afier one year 201 1.645 201 Page 7

Shaldoo R ¢t AMocitso Nott5 tts tbe FiDnti￿ Staiements for the I'er Endtd 31 Oeiober 2021 TANGIBLE FIXED A&SETS Store Equipmenl Totgl Cojt At l November 2020 Additions 25.657 48.763 74.420 At 310rt(kn2021 25.657 48.763 74.420 DepTeciatioD At l No¥ember 2020 Charge f(K the year 15,395 2.052 31435 2.449 47.830 {501 At 31 Oct(kner 2021 17.447 34.884 52J31 Net book v4iu At 31 Octi*)er 2021 8210 13J79 22,089 At 31 Othctjer 2020 10.262 16.328 26.5(X) Page 8

Shaldon Regatta Association

Profit and Loss Account For the Year Ended 31 October 2021

Income Donations from rowers and others Patrons Grants Other income Interest received Expenditure Cups and trophies Programmes Safety boats P. A. hire Registration Rent Boat repairs and equipment costs Insurance Post and stationery Advertising Donations Sundries Professional fees Depreciation Net profit / (loss) for the year	2021 £ 6,743 2,778 1,645 44 108 256 84 20 300 57 731 - 76 250 440 240 4,501	2020 £ £ £ 1,665 3,219 2,645 11,166 7,529 16 68 11,182 7,597 - - 286 - 20 350 - 731 15 261 250 92 240 5,447 7,107 7,692 £4,075 £(95)	2020 £ £ £ 1,665 3,219 2,645 11,166 7,529 16 68 11,182 7,597 - - 286 - 20 350 - 731 15 261 250 92 240 5,447 7,107 7,692 £4,075 £(95)
			£(95)

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