Re8iSter*J Charity No. 1151 Company No.. CE(X)0411 Shaldon R A Ch*rit*ble 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 ltsforni*tio 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& govern*m¢e man*gtme#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 perfom*nee 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 examinalid iti ha￿￿ 23.954 PTrf¢$5ioLal ftts 441 48.659 48,458 Totsi AppTovd by the TnbJ*¢s ￿.. h￿d tt* Axsoei*tio r4oies io iht Fi#*nci*l SthitmeDts r r the l'ear Ended 31 (ktober 2021 ACCOUNTING POLICIES B#$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 d*93 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* AMoci*tso Nott5 tts tbe FiD*nti￿ Staiements for the I'e*r 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)| 1