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2021-09-30-accounts

The Charity Registration Number is:- 1155753

Dart Sailability Group CIO

Report and Accounts

30 September 2021

Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2021

The Trustees present their Report and Accounts for the Year ended 30 September 2021

Reference and administrative details

The charity name.

The legal name of the charity is:- Dart Sailability Group CIO

The charity is also known by its operating name, Dart Sailability

The charity’s area of operation and UK charitable registration.

The charity is registered in England and Wales with the Charity Commission in England and Wales (CCEW) with charity number 1155753

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England and Wales. The governing document of the charity is the Constitution of the CIO as approved by the Charity Commission in England and Wales (CCES).

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The Trustees are all individuals.

The principle operating address and web address of the charity are:-

c/o MDL Dartside Quay, Registered Address: c/o Darby & Darby Solicitors. Kiln Lane, 4-5 Hauley Road, Galmpton, Dartmouth, Devon, Devon, TQ5 0EH TQ6 9AA

www.dartsailability.org

The Trustees in office on the date the report was approved were:-

Neil Strevens Mike Pleass Robert Boyd Derek Lowe Anne Blood Juliet Prentice Kate Graeme-Cook Chris Sumner David Lewis Paul Wyman Stuart Saunders

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Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2021

The following persons served as Trustees during the year ended 30 September 2021:-

The trustees who served as trustee in the reporting period, and, if applicable their dates of appointment or resignation during the year were:-

Name Appointed Resigned/Retired
Neil Strevens
Mike Pleass
Robert Boyd
Kit Noble 1 April 2021
Neil Hockaday 1 April 2021
Anne Blood
Juliet Prentice
Jeremy Randall 5 June 2021
Stuart Saunders 5 May 2021
Chris Sumner 5 May 2021
Kate Graeme-Cook 5 May 2021
David Lewis 5 May 2021
Derek Lowe 5 May 2021
Paul Wyman 5 May 2021

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Its objects are to provide or assist in the provision of facilities for the recreation or other leisure time activities for people with disabilities, with the object of improving their conditions of life, in particular, by encouraging recreational and competitive sailing and motorboating in Devon.

The main activities undertaken in relation to those purposes during the year.

Initially, the main focus was to find and establish a new operating base, as the prices quoted by Premier Marinas at Noss would have increased our annual costs by over £35k pa and we would not have been allowed to operate at weekends and only twice during the week. We have been made welcome at Dartside Marina, Galmpton and were able to start moving the operation once Covid restrictions were lifted at the end of March 2021 and succeeded in welcoming sailors pretty much on time in May, thanks to much effort by many members.

During the year, DSG had 36 individual sailing members with some disability, together with group memberships of 7 care organisations and activity groups. In all, the charity achieved 386 sailor days for its disabled members with 270 as part of groups. Additionally, members took part in racing at Dittisham and Royal Dart Yacht Clubs. All activities took place on the river Dart.

The main activities undertaken during the year to further the charity’s purpose for the public benefit.

Over the year the charity has provided sailing and related water-based activities to a broad cross-section of the local community, young and old, male and female and for those with a wide range of disabilities. The service is provided at a moderate cost of £35 per year for individuals and £150 for group memberships. There were provisions to rebate the membership fees in case of hardship. The Trustees have had regard to the Charity Commission’s guidance on public benefit in managing the activities of DSG. In order to maintain a realistic level of fees, the AGM agreed to a £5 increase in fees each year from 2022 to 2024.

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The contribution of volunteers during the year.

During the year, DSG had 95 volunteers registered, of whom 45 were active and several of whom have their own disabilities, contributing 763 volunteer days; the number of volunteers increased by 30 over the pre-Covid level. They continue to turn up both during the sailing season and for winter maintenance sessions to repair boats and equipment ready for the following season. All volunteers receive, at no cost to themselves, certificated training in Disability Awareness, have access to free RYA courses in sailing and powerboating and more specialised training in safety boat handling, first aid and radio communications. Apart from a few sessions operating from Royal Dart Yacht Club, Covid restrictions precluded all interaction with local groups.

Due to the relocation incurring costs of around £25k, an appeal was made through local media and online. Individuals and organisations were also targeted, and the target was reached within 3 weeks. Despite notifying this success, the donations kept flowing and a further £40k was raised on top of regular donations from sponsors. There were also small local events where DSG was invited to attend and received the proceeds of collections.

The differences the charity’s performance during the year has made to the beneficiaries of the charity.

During the year, 25 disabled sailors have regularly attended sessions, as have members of the Groups. For all involved, including carers, DSG provided not only access to sailing, but also an opportunity to socialise. There is also an active, well-attended social programme outside sailing days which allows partners to interact with both members and volunteers when Covid restrictions allow. The new facility allows for much better socialisation. DSG activities attracts a wider group than just regular members. It offers ‘Taster Sessions’ to any disabled person who might be considering joining, and sessions for disabled people holidaying in the area. The numerous carers of members also get access to sailing and motorboating activities and appreciate the beneficial effect they have on their charges. With modifications to a powerboat, a disabled sailor qualified for RYA Powerboat Level 2 and the wheel and disabled seat ensured that the Drascombe Longboat was very popular. Beyond sailing and racing, much fun was had with different games to enhance sailors’ skills.

The degree to which the achievements and performance during the year have benefitted wider society.

DSG has close relationships with its many suppliers, some of whom get first-hand experience of the needs of disabled people and what they can achieve. Its participation in many River- and Harbour-user Groups keeps disability awareness to the fore in the area and the Disabled Guide to the River Dart has been well-received.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity Trustees.

The recruitment of Trustees is on an ad hoc basis and is driven by the number of existing Trustees and balance of skills required. The start of 2021 saw a fantastic surge of interest in joining the Board of Trustees, with six new members and two who had to be turned away. Word of mouth and announcements in the newsletters of local sailing and disability groups are the usual methods of recruitment. During the year the gender ratio (female/male) was 3/8 and the ratio of Trustees with a disability was 4/7.

All Trustees are appointed in accordance with the provisions of the Constitution and inter alia must offer themselves for re-election every three years.

The Dart Sailability Group (TDSG) was established in 1998 as a registered charity. On 12 February 2014 Dart Sailability Group CIO (DSG) took over the assets and operations of TDSG. DSG is a Charitable Incorporated Organisation regulated by the Charity Commission.

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The Trustees of DSG have overall responsibility for the charity. The Trustees are elected by the membership in accordance with the provisions contained in its Constitution. Most of the operational roles of DSG are regulated by the Royal Yachting Association (RYA) including all ‘on-water’ activity. DSG’s standards are checked annually by the RYA. The operational activities are delegated to the Management Team, led by the Principal.

The permanent members of the Management Team are:

Principal Ian Wakeling Chief Sailing Instructor Anna Chrystie Chief Powerboat Instructor Graham Gardner Chief Engineer Roger Marsden Club Welfare Officer Dolly Marsden Membership Secretary Gill Pendlebury Media Officer Kate Graeme-Cook Occupational Health Maureen White Racing Officer Keith Cockburn

Risk factors and mitigation.

Risks as to the Charity’s assets: the charity owns its boats and other equipment and has sought to mitigate the concomitant risks by maintaining adequate insurance cover and basing dinghies ashore throughout the year and most power boats from October to March. Further, regular safety and security inspections are undertaken throughout the year by experienced members and professional third parties.

Risks as to the Charity’s activities: The Trustees acknowledge the risks concerning safety inherent in the waterborne activities of its members, and in the general safeguarding of its junior and vulnerable adult members and seeks to mitigate all of these by adherence to guidance issued by the Royal Yachting Association and other appropriate bodies. There is also an on-going training programme for volunteers, particularly in advance of the sailing season. Due to Covid restrictions, this was extremely limited, and a compromise was made by delaying the start of activities for a short while to allow essential training and qualification to take place.

The risks of continuing to operate from Noss having been realised, the move to Galmpton was undertaken in the knowledge that there was no formal security of tenure in order to prevent excessive costs. The new location offers a substantially safer operating environment, although the tidal restrictions preclude a fixed timetable for activities.

Bankers: CAF (Charities Aid Foundation), 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4TA

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Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2021

Financial review

The charity’s financial position at the end of the year ended 30 September 2021

The financial position of the Charity at 30 September 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:

2021 2020
£ £
Net(expenditure) Income 45,929 5,003
Unrestricted Revenue Funds available for the
generalpurposes of the Charity		 53,283 40,003
Designated Fixed Asset Funds 15,000 15,000
Total Unrestricted Funds 68,283 55,003
Restricted Funds 115,032 82,383
Total Funds 183,315 137,387

Financial review of the position at the reporting date, 30 September 21.

The Trustees consider the financial performance of DSG during the year to be satisfactory. It has increased its Unrestricted Revenue Funds by £13,280 during the year. As anticipated at the end of the previous FY, substantial funds were required to facilitate the re-location of the CIO to Dartside Quay at Galmpton. While a good proportion of the necessary money had been accumulated in previous years, it was decided to initiate a major campaign to solicit donations to cover the bulk and leave a reserve for unforeseen costs. This was extremely successful and has left significant sums to allow the establishment of a more effective and userfriendly operating base. The Trustees estimate that it will take several years for the financial knock-on of the move to have been absorbed and fulfilled.

Policy on reserves.

DSG has no long-term commitments and does not employ any staff. The Trustees have resolved to maintain a reserve of £10,000, equating to just under 6 months ordinary operating costs. It is noted that at year end, DSG had substantially more than this in its unrestricted reserves.

Availability and adequacy of assets of each of the funds

The board of Trustees is satisfied that the Charity’s assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

David Blood

4 Yonder Meadow, Stoke Gabriel. Totnes, Devon TQ9 6QE

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Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2021

Statement of Trustees’ Responsibilities

The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005. In view of the fact that SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016) (The SORP).

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to:-

The law requires that the Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which are sufficient to show and explain the Charity’s transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees report, and the statutory responsibility of the Independent Examiner in relation to the Trustees report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the Board of Trustees on: 6 April 2022

Neil Strevens Trustee

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Dart Sailability Group CIO

Report of the independent Examiner to the Trustees of the Charity on the accounts for the year ended 30 September 2021

I report to the Trustees on my examination of the financial statements of the Charity on pages 9 to 21 for the year ended 30 September 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1[st] January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (the SORP), published by the Charities Commission in England and Wales (CCEW), and under the historical cost convention and the accounting policies set out on page 14.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 6, you, the Charity’s Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to :-

Basis of Independent Examiner’s Statement and scope of work undertaken

I report in respect of my examination of the Charity’s financial statements carried out under Sect 145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charities Commission under Sect 145(5)(b) of the Act setting out the duties of an Independent Examiner in relation to the conduct of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breeches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subject to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide.

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the Charity, and my report is limited to the matters set out in the statement below.

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Dart Sailability Group CIO

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report, I obtained written assurances from the Trustees of all material matters.

Independent Examiner’s Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination, and can confirm that:-

This is a report in respect of an examination carried out under S145 of the Act and in accordance with the Directions given by the Charity Commission under Sect 145(5)(b) of the Act which may be applicable;

And that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

Accounting records were not kept in respect of the Charity as required by Sect 130 of the Charities Act 2011;

The financial statements do not accord with those records; or

The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view, which is not a matter considered as part of an independent examination;

Have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

David Blood – Independent Examiner

Chartered Certified Accountant

The Gables Yonder Meadow Stoke Gabriel Totnes TQ9 6QE

This report was signed on: 6 April 2022

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Dart Sailability Group CIO – Statement of Financial Activities for the year ended 30 September 2021

Statement of Financial Activities for the year ended 30 September 2021

SORP
Ref		 Current Year
Unrestricted
Funds		 Current
Year
Restricted
Funds		 Current
Year Total
Funds		 Prior Year
Total
Funds
2021
£		 2021
£		 2021
£		 2020
£
Income & Endowments from:
Donations and Legacies A1 30,347 66,481 96,828 22,589
Charitable Activities A2 - - - -
Investments A4 10 10 68
Other A5 - - - 9,150
Total Income A 30,357 66,481 96,838 31,807
Expenditure on:
RaisingFunds B1 - - - -
Charitable Activities B2 17,077 33,832 50,909 26,804
Total Expenditure B 17,077 33,832 50.909 26,804
Net(expenditure)/income for theyear 13,280 32,649 45,929 5,003
Reconciliation of funds:- E
Total funds brought forward 55,003 82,383 137,386 132,384
Total funds carried forward 68,283 115,032 183,315 137,387

The ‘SORP Ref’ indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts

All the prior year transactions were unrestricted items and no further analysis is required

All activities derive from continuing operations.

The notes attached on pages 14 to 22 form an integral part of these accounts.

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Dart Sailability Group CIO – Statement of Financial Activities for the year ended 30 September 2021

Dart Sailability Group – Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref		 Prior Year
Unrestricted
Funds		 Prior Year
Restricted
Funds		 Prior Year
Total Funds
2020
£		 2020
£		 2020
£
Income from:
Donations & Legacies A1 22,589 - 22,589
Charitable activities A2 - - -
Other Tradingactivities A3 - - -
Investments A4 68 - 68
Other A5 9,150 - 9,150
Total Income A 31,807 - 31,807
Expenditure on:
Raisingfunds B1 - - -
Charitable activities B2 26,804 - 26,804
Total expenditure B 26,804 - 26,804
Net income for theyear 5,003 - 5,003
Net Income after transfers 5,003 - 5,003
Net movement in funds 5,003 - 5,003
Reconciliation of funds:- E
Total Funds Brought Forward 46,895 85,489 132,394
Total Funds Carried Forward 51,898 85,489 137,387

All activities derive from continuing operations

A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement

The notes attached on pages 14 to 22 form an integral part of these accounts.

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Dart Sailability Group CIO – Statement of Financial Activities for the year ended 30 September 2021

Dart Sailability Group CIO – Resources applied in the year ended 30 September 2021 towards fixed assets for Charity use:-

2021
£		 2020
£
Fundsgenerated in theyear as detailed in the SOFA 45,929 5,003
Resources applied applied on functional fixed assets - (24,393)
Net resources available to fund charitable activities 45,929 (19,390)

The resources applied on fixed assets for Charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 14 to 22 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 30 September 2021

Revenue accumulated funds

Unrestricted
Funds
2021
£		 Restricted
Funds
2021
£		 Total
Funds
2021
£		 Last Year
Total Funds
2020
£
Accumulated funds brought forward 55,003 82,383 137,386 132,384
Recognisedgains and losses before transfers 13,280 32,649 45,929 5,003
Closing Revenue Funds 68,283 115,032 183,315 137,387
Summary of Funds Unrestricted
& Designated
Funds 2021
£		 Restricted
Funds
2021
£		 Total
Funds
2021
£		 Last Year
Total Funds
2021
£
Revenue accumulated funds 68,283 115,032 183,315 137,387

The notes attached on pages 14 to 22 form an integral part of these accounts

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Dart Sailability Group CIO – Statement of Financial Activities for the year ended 30 September 2021

Dart Sailability Group CIO

Income and Expenditure Account for the year ended 30 September 2021 as required by the Companies Act 2006

2021
£		 2020
£
Income
Income from operations 68,050 16,845
Refunds from HMRC on Gift Aided donations 28,778 5,744
Investment income - -
Interest receivable 10 68
Gross Income in theyear before exceptional items 96,838 22,657
Exceptional items:Realised gains on disposal of tangible fixed assets held
for the charity’s own use		 - 9,150
Gross Income in theyear including exceptional items 96,838 31,807
Expenditure
Charitable expenditure,excludingdepreciation and amortisation 39,241 11,048
Depreciation and amortisation 11,668 15,756
Fundraisingcosts - -
Realised losses on disposals of social investments which are programme
related		 - -
Total Expenditure for theyear 50,909 26,804
Net income before tax in the financialyear 45,929 5,003
Tax on surplus on ordinaryactivities - -
Net income after tax in the financialyear 45,929 5,003
Retained surplus for the financialyear 45,929 5,003

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the Charity’s activities.

The notes attached on pages 14 to 22 form an integral part of these accounts

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Dart Sailability Group CIO – Balance Sheet as at 30 September 2021

Note SORP
Ref		 2021
£		 2020
£
Fixed Assets A
Tangible Assets 7 A2 62,428 74,096
Current Assets B
Debtors 8 B2 175
Cash at bank and in hand B4 121,626 63,341
Total Current Assets 121,626 63,516
Creditors: amounts falling due within
oneyear		 9 C1 (739) (226)
Net Current Assets 120,887 63,290
The Total Net Assets of the Charity 183,315 137,386

The total net assets of the Charity are funded by the funds of the Charity, as follows:-

Restricted Funds
Restricted Revenue Funds 12 D2 115,032 82,383
115,032 82,383
Unrestricted Funds
Unrestrictive Revenue Funds 12 D3 68,283 55,003
68,283 55,003
Designated Funds - - - -
Total Charity Funds 183,315 137,386

The ‘SORP Ref’ indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The Charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.

The Trustees are satisfied that, although the Charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime.

Neil Strevens

Trustee Approved by the Board of Trustees on 6 April 2022

The notes attached on pages 14 to 22 form an integral part of these accounts .

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Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historic cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1[st] January 2016) and ‘FRS 102 SORP’ (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England and Wales (CCEW), effective January 2016, and in accordance with all applicable law in the charity’s jurisdiction of registration, except that the Charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), I preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done in accordance with current best practice.

Going Concern

There are no concerns about going concern

Risks and future assumptions

The risk factors are detailed on page 3 of the report.

Policies relating to categories of income and income recognition.

Nature of income

Gross Income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the Charity for goods and services supplied under contract or where entitlement is subject to fulfilling performance-related conditions. The income the Charity receives is approximately equal in value to the goods or services supplied by the Charity to the purchaser.

Income from a non-exchange transaction is where the Charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the Charity’s assets or a reduction in its liabilities and only when the Charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

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Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

All income is accounted for gross, before deducting any elated fees or costs.

Donated goods, facilities and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated to beneficiaries is deemed to be the fair value of those goods on receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income and debited to trading stock. When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the Charity are included in ‘ legacies and donations’. Goods donated for resale are included in ‘ Income from other trading activities’ .

The cost of any stock donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the Charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the Charity.

All donated services and facilities are recognised as donation income when received, (provided the value of the gift can be measured reliably) and recognised as an expense. In cases where this is not quantifiable no recognition has been made in the accounts.

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the Charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the Charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Policies relating to expenditure on goods and services provided by the Charity

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

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Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the Charity. However, the Trustees value the significant contribution made to the activities of the Charity by unpaid volunteers and this is described more fully in Note 6.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Items costing less than £500 are not capitalised.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Sailing and motor craft - 10% straight line Outboard engines, sails, rigging and trailers – 20% straight line Items costing less than £500 are not capitalised

An annual review of the likelihood of asset impairment will continue to be undertaken.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.

Designated funds are unrestricted funds earmarked by Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

There are no endowment funds

2 Liability to taxation

The Trustees consider that the Charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the Charity and for no other purpose. Value Added Tax is not recoverable by the Charity and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the Charity.

If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the Charity.

4 Significance of financial instruments to the charity’s position

There are no such instances

16

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

5. Net (deficit)/surplus before tax in the financial year

5. Net(deficit)/surplus before tax in the financialyear
2021
£		 2020
£
The net(deficit)/surplus before tax in the financialyear is stated after charging:-
Depreciation of owned fixed assets 11,668 15,756

17

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The Charity had 95 volunteers who donated in excess of 5000hours of their time. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the Charity accept and agree that no contract is created by these arrangements.

7. Tangible fixed Assets

Cost Land &
Buildings
£		 Sailing &
Motor Craft
£		 Motor
Vehicles
£		 Total
£
At 1 October 2020 - 202,954 - 202,954
Additions
At 30 September 2021 - 202,954 - 202,954
Depreciation
At 1 October 2020 - 128,858 - 128,858
Change for theyear - 11,668 - 11,668
At 30 September 2021 - 140,526 - 140,526
Net book value
At 30 September 2021 - 62,428 - 62,428
At 30 September 2020 - 74,096 - 74,096

8. Debtors

2021
£		 2020
£
Payments and accrued income - 175

9. Creditors

2021
£		 2020
£
Accruals 739 226

10 Income and Expenditure account summary

10 Income and Expenditure account summary
2021
£		 2020
£
At 1 October 2020 137,387 132,384
(Loss)/surplus after tax for theyear 45,929 5,003
At 30 September 2021 183,316 137,387

11 Particulars of how particular funds are represented by assets and liabilities

At 30 September 2021 Unrestricted
Funds
£		 Designated
Funds
£		 Restricted
Funds
£		 Total
Funds
£
Tangible fixed assets 62,428 - - 62,428
Current assets 6,594 - 115,032 121,626
Current Liabilities (7390) - - (7390)
Totals 68,283 - 115,032 183,315
At 1 October 2020
Tangible fixed assets 74,096 - - 74,096
Current Assets (18,867) - 82,383 63,516
Current liabilities (226) - - (226)
Totals 55,003 - 82,383 137,386

18

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2021

12 Change in total funds over the year as shown in Note 11, analysed by individual funds

Unrestricted and designated funds:- Funds
brought
forward
from 2020
£		 Movement
in Funds in
2021
See Note 13
£		 Transfers
between
funds 2021
£		 Funds
carried
forward
to 2022
£
Unrestricted Revenue Funds 55,003 13,280 - 68,283
Total unrestricted and designated funds 55,003 13,280 - 68,283
Restricted Funds:-
Capital additions 82,383 (19,832) - 62,551
Relocation Fund - 52,481 - 52,481
Total Restricted Funds 82,382 32,649 - 115,032
Total Charity Funds 137.386 45,929 - 183,315

13 Analysis of movements in funds over the year as shown in Note 12

Unrestricted and Designated Funds Income
2021
£		 Expenditure
2021
£		 Other Gains
& Losses
2021 £		 Movement
in Funds
2021 £
Unrestricted Revenue Funds 30,357 (17,077) - 13,280
Restricted Funds
Capital additions 14,000 (33,832) - (19,832)
Relocation Fund 52,481 - 52,481
Totals 96,838 (50,909) - 45,929

14 The purposes for which the funds as detailed in Note 13 held by the Charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve Designated Revenue Funds Designated Fixed Asset Funds

These funds are held for meeting the objectives of the Charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the Charity’s assets.

No such funds are currently held

The fund represents future expenditure allocated for the purchase of sailing and motor craft.

Restricted Funds:-

Restricted Fixed Asset Funds

Restricted Revaluation Reserve Capital Additions Relocation Fund

The purpose of these funds is described under the accounting policy ‘Accounting for capital grants and fixed asset funds’

This fund represents the restricted surplus arising on the revaluation of the Charity’s assets. Additional Capital expenditure Relocation of the Charity to Galmpton Creek with additional long-term expenditure

15 Ultimate controlling party

The Charity is under the control of its legal members.

19

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015

This analysis is classified by conventional nominal descriptions and not by activity.

16 Donations and Legacies

Donations andgifts from Individuals Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds
2021£		 Prior Year
Total Funds
2020
£
Refunds from HMRC on Gift Aid donations 28,778 - 28,778 5,744
Alan Goodenough - 14,000 14,000 -
HadleyTrust - - - 4,000
Edward GoslingFoundation - - - 3,500
Devon CountyCouncil - - - 1,700
Richard Fellender - - - 2,716
Essex Trust - - - 3,000
Total donations andgifts from individuals 28,778 14,000 42,778 20,660
Membership subscriptions as donations 1,481 1,481 1,834

Income from charitable activities – Trading activities

Primary purpose and ancillary trading Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds
2021£		 Prior Year
Total Funds
2020
£
Social Events 88 - 88 95
Total Primary purpose and ancillary trading 88 88 95
Relocation donations Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds
2021£		 Prior Year
Total Funds
2020
£
Alan Goodenough - 6,000 6,000 -
Devon Mark Charity - 10,716 10,716 -
HadleyTrust - 5,000 5,000 -
Aurum Trust - 5,000 5,000 -
Bantham SailingClub - 1,910 1,910 -
Samarian Trust - 1,000 1,000 -
Jonnie Johnson Trust - 3,240 3,240 -
Norman FamilyCharitable Trust - 2,000 2,000 -
Other organisations and individuals - 15,755 15,755 -
TOTAL Relocation Donations - 52,481 52,481 -
Total Donations, Grants and Legacies. A1 30,347 66,481 96,828

24 Investment Income

Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2021
£		 Prior Year
Total Funds
2021
£
Bank interest receivable 10 - 10 68
Total Investment Income A4 10 - 10 68

20

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015

18 Other Income and gains

Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2021
£		 Prior Year
Total
Funds 2020
£
Realised gains on disposals of tangible fixed assets
held for the Charity’s own use		 - - - 9,150
Total Other Income A5 - - - 9,150

19 Expenditure on charitable activities – Direct spending

Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2021
£		 Prior Year
Total
Funds 2020
£
Mooringfees 280 - 280 266
Insurance fees 2,761 - 2,761 3,043
Minor equipment and maintenance 10,597 - 10,597 5,150
Runningcosts 1,298 - 1,298 899
Relocation Expenditure 22,164 22,164 -
Total Direct Spending B2a 14,936 22,164 37,100 9,358

20 Support costs for charitable activities

Administrative Overheads Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2021
£		 Prior Year
Total
Funds 2020
£
Stationeryandprinting - - - 30
MembershipSubscriptions - - - 274
Sundryexpenses 1,262 - 1,262 476
Training 116 - 116 613
Professional Costs to advisors other than the auditor
or examiner
Other legal andprofessional 676 - 676 297
Financial Costs
Bank Charges 87 - 87 -
Depreciation and amortisation in total for theyear - 11,668 11,668 15,756
Support costs before reallocation 2,141 11,668 13,809 17,446
Total Support Costs – Current Year 2,141 11,668 13,809 17,446

The basis of allocation of costs between activities is described under accounting policies. All the expenditure in the prior year was Unrestricted.

21 Total Charitable Expenditure

Current year
Unrestricted
Funds 2021
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2021
£		 Prior Year
Total
Funds 2020
£
Total Direct Spending B2a 14,936 22,164 37,100 9,358
Total Support CostsB2d 2,141 11,668 13,809 17,446
Total Charitable Expenditure B2 17,077 33,832 50,909 26,804

All the expenditure in the prior year was Unrestricted

21

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015

Prior Year Prior year
Unrestricted
Funds 2020
£		 Prior Year
Restricted
Funds 2020
£		 Prior Year
Total
Funds 2020
£
Total Direct spendingB2a 9,358 - 9,358
Total Support Costs B2d 17,446 - 17,446
Total Charitable expenditure B1 26,804 - 26,804

22