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2022-09-30-accounts

The Charity Registration Number is:- 1155753

Dart Sailability Group CIO

Report and Accounts 30 September 2022

Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2022

The Trustees present their Report and Accounts for the Year ended 30 September 2022

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:-

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

www.dartsailability.org

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

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

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Dart Sailability Group CIO

Trustees’ Annual Report for the year ended 30 September 2022

The following persons served as Trustees during the year ended 30 September 2022:- 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 4 April 2022 3 April 2022 Michael Pleass 4 April 2022 3 April 2022 Robert Boyd 15 September 2020 Christopher Sumner 5 May 2021 Kate Graeme-Cook 5 May 2021 Anne Blood 4 April 2022 3 April 2022 Juliet Prentice 4 April 2022 3 April 2022 Derek Lowe 5 May 2021 Paul Wyman 5 May 2021 David Lewis 5 May 2021 Stuart Saunders 20 April 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 in Devon.

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

During the year, DSG had 48 individual sailing members with some disability, together with group memberships of 3 care organisations and activity groups. In all, the charity achieved 401 sailor days for its disabled members. Additionally, members took place in racing at Dittisham and Royal Dart Yacht Clubs and in the Dartmouth Regatta. 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 £40 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.

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The contribution of volunteers during the year.

During the year, DSG had 79 volunteers registered, of whom 43 were active and many of whom have their own disabilities, contributing 808 volunteer days. 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, and have access to free RYA courses in sailing and powerboating and more specialised training in safety boat handling, first aid and radio communications. During the year, volunteers and members supported local community events on the water and ashore, such as the Dartmouth Regatta and the Galmpton Gooseberry Fair.

Fundraising Activities during the year.

Regatta Families Weekend Galmpton Gooseberry Fair

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

During the year, 32 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.

DSG activities attracts a wider group than just regular members. It offers ‘Taster Sessions’ to any disabled person who might be considering joining. The numerous carers of members also get access to sailing and motorboating activities and appreciate the beneficial effect they have on their charges. The father of one of our severely disabled members has posted a very emotional video of the positive effect DSG has on his daughter on the website.

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. Unfortunately, there seems to be a general reluctance to volunteer for the responsibility in return for the offer of free activities and qualifications. 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 3/11 and the ratio of Trustees with a disability was 4/11.

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 Chief Sailing Instructor Chief Powerboat Instructor Chief Engineer Club Welfare Officer Membership Secretary Media Officer Occupational Health Racing Officer

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. 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.

Risks as to the Charity’s continuing operation at Dartside Quay: Sharing the access to the water with MDL Dartside Quay and other leisure and commercial user poses some problems but DSG is constantly working with Management to minimise risk around machinery and vehicles. We are also planning and carrying out minor infrastructure improvements to ease the physical burden on volunteers. We have a close relationship with MDL management through a volunteer who lives close by.

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 2022

Financial review

The charity’s financial position at the end of the year ended 30 September 2022

The financial position of the Charity at 30 September 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:

2022 2021
£ £
Net(expenditure) Income (31,853) 45,929
Unrestricted Revenue Funds available for the
generalpurposes of the Charity		 37,157 68,283
Designated Fixed Asset Funds
Total Unrestricted Funds 37,157 68,283
Restricted Funds 114,305 115,032
Total Funds

Financial review of the position at the reporting date, 30 September 2022.

The Trustees consider the financial performance of DSG during the year to be satisfactory. Unrestricted Revenue Funds amount to £37,157 at the year end. The main financial focus for the year was to consolidate on the funds raised in 2021 to support the move from Noss Marina. Spends have included tented shelters for boat maintenance, continued improvement of the Clubhouse and parking bays ashore for the heavier sailing boats.

Policy on reserves.

DSG has no long-term commitments and does not employ any staff. The Trustees resolved to increase the reserve to £25,000, equating to just under 12 months ordinary operating costs in the light of increased fuel costs and inflation. It is noted that at year end, DSG had more than this in its unrestricted reserves but that the acquisition of unrestricted donations would become more important.

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 2022

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: 5 April 2023

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 2022

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 2022 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 :-

a)Examine the financial the financial statements of the Charity under Section 145 of the Act. b)Follow the applicable procedures in the Directions given by the Charity Commission under Section 145(5)(b) of the Act.

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

4 Yonder Meadow, Stoke Gabriel, Totnes,

Devon TQ9 6QE

This report was signed on: 4 April 2023

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Dart Sailability Group CIO – Statement of Financial Activities for the year ended 30 September 2022

Statement of Financial Activities for the year ended 30 September 2022

SORP
Ref		 Current Year
Unrestricted
Funds		 Current
Year
Restricted
Funds		 Current
Year Total
Funds		 Prior Year
Total
Funds
2022
£		 2022
£		 2022
£		 2021
£
Income & Endowments from:
Donations and Legacies A1 12,832 4,700 17,532 96,828
Charitable Activities A2 - -
Investments A4 128 - 128 10
Other A5 - - - -
Total Income A 12,960 4,700 17,660 96,838
Expenditure on:
RaisingFunds B1 - - - -
Charitable Activities B2 44,086 5,427 49,513 50,909
Total Expenditure B 44,086 5,427 49,513 50,909
Net(expenditure)/income for theyear (31,126) (727) (31,853) 45,929
Net Income after Transfers A-B-
C		 (31,126) (727) (31,853) 45,929
Net Movement in Funds (31,126) (727) (31,853) 45,929
Reconciliation of funds:- E
Total funds brought forward 68,283 115,032 183,315 137,386
Total funds carried forward 37,157 114,305 151,462 183,315

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 not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations.

The notes attached on pages 14 to 21 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 2022

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
2021
£		 2021
£		 2021
£
Income from:
Donations & Legacies A1 96,828 - 96,828
Charitable activities A2 - - -
Investments A4 10 - 10
Other A5 - - -
Total Income A 96,838 - 96,838
Expenditure on:
Raisingfunds B1 - - -
Charitable activities B2 50,909 - 50,909
Other B3 - - -
Tax on Surplus on ordinaryactivities B3 - - -
Other taxation B3 - - -
Total expenditure B 50,909 - 50,909
Net income for theyear 45,929 - 45,929
Net Income after transfers 45,929 - 45,929
Net movement in funds 45,929 - 45,929
Reconciliation of funds:- E
Total Funds Brought Forward 55,003 82,383 137,386
Total Funds Carried Forward 100,932 82,383 183,315

All activities derive from continuing operations

A separate statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

The notes attached on pages 14 to 21 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 2022

Dart Sailability Group CIO – Resources applied in the year ended 30 September 2022 towards fixed assets for Charity use:-

2022
£		 2021
£
Fundsgenerated in theyear as detailed in the SOFA (31,853) 45,929
Resources applied on functional fixed assets (45,756) -
Other applications of funds - -
Net resources available to fund charitable activities (78,609) 45,929

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 21 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 30 September 2022

Revenue accumulated funds

Unrestricted
Funds
2022
£		 Restricted
Funds
2022
£		 Total
Funds
2022
£		 Last Year
Total Funds
2021
£
Accumulated funds brought forward 68,283 115,032 183,315 137,386
Recognisedgains and losses before transfers (31,126) (727) (31,853) 45,929
Closing Revenue Funds 37,157 114,305 151,462 183,315

The purposes of the transfers to fixed asset funds are described in Note 19 to the accounts and under the accounting policy ‘Accounting for capital grants and fixed-asset funds’.

Summary of Funds Unrestricted
& Designated
Funds 2022
£		 Restricted
Funds
2022
£		 Total
Funds
2022
£		 Last Year
Total Funds
2021
£
Revenue accumulated funds 37,157 114,305 151,462 183,315
Fixed asset funds
Total funds

The notes attached on pages 14 to 21 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 2022

Dart Sailability Group CIO

Income and Expenditure Account for the year ended 30 September 2022 as required by the Companies Act 2006

2022
£		 2021
£
Income
Income from operations 13,946 68,966
Investment income - -
Interest receivable 128 10
Refunds from HMRC on Gift Aid Donations 3,586 27,862
Gross Income in theyear before exceptional items 17,660 96,838
Gross Income in theyear including exceptional items 17,660 96,838
Expenditure
Charitable expenditure,excludingdepreciation and amortisation 25,765 39,241
Depreciation and amortisation 23,573 11,668
Governance costs 175 -
Realised losses on disposals of social investments which are programme
related		 - -
Total Expenditure for theyear 49,513 50,909
Net income before tax in the financialyear (31,853) 45,929
Tax on surplus on ordinaryactivities - -
Net income after tax in the financialyear (31,853) 45,929
Retained surplus for the financialyear (31,853) 45,929

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 21 form an integral part of these accounts

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Dart Sailability Group CIO – Balance Sheet as at 30 September 2022

Note SORP Ref 2022
£		 2021
£
Fixed Assets A
Tangible Assets 7 A2 85,611 62,428
Current Assets B
Cash at bank and in hand B4 65,851 121,626
Creditors: amounts fallingdue within oneyear 12 C1 - (739)
Net Current Assets 65,851 120,887
The Total Net Assets of the Charity 151,462 183,315

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

Restricted Funds 2022 £ 2021 £
Restricted Revenue Funds 10 D2 114,305 115,032
114,305 115,032
Unrestricted Funds
Unrestrictive Revenue
Funds		 10 D3 37,157 68,283
37,157 68,283
Designated Funds
Designated Fixed Asset
Funds		 16 D3
Total Charity Funds 151,462 183,315

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 5 April 2023

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The notes attached on pages 14 to 21 form an integral part of these accounts .

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

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.

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.

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

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Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

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

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities. The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is:-

Staffing – on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of people employed within any particular activity. Premises-related costs – on the proportion of floor area occupied by a particular activity.

Non-specific support costs – on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures.

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Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

Estimation techniques used in apportioning costs - give details

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. Cost value includes all costs expended in bringing the asset into its intended working condition.

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.

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.

16

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

There are no such instances

5. Net(deficit)/surplus before tax in the financialyear
2022
£		 2021
£
The net(deficit)/surplus before tax in the financialyear is stated after charging:-
Depreciation of owned fixed assets 23,573 11,668

17

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The Charity had volunteers who donated 4,800 hours 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

7. Tangible fixed Assets
Cost Land &
Buildings
£		 Sailing &
Motor Craft
£		 Motor
Vehicles
£		 Total
£
At 1 October 2021 - 202,954 - 202,954
Additions - 46,756 - 46,756
At 30 September 2022 - 249,710 - 249,710
Depreciation
At 1 October 2021 - 140,526 - 140,526
Change for theyear - 23,523 - 23,523
At 30 September 2022 - 164,099 - 164,099
Net book value
At 30 September 2022 - 85,611 - 85,611
At 30 September 2021 - 62,428 - 62,428

8. Income and Expenditure account summary

8. Income and Expenditure account summary
2022
£		 2021
£
At 1 October 2021 183,315 137,386
(Loss)/surplus after tax for theyear (31,853) 45,929
At 30 September 2022 151,462 183,315

9. Particulars of how particular funds are represented by assets and liabilities

At 30 September 2022 Unrestricted
Funds
£		 Designated
Funds
£		 Restricted
Funds
£		 Total
Funds
£
Tangible fixed assets 85,611 - - 85,611
Current assets (48,454) - 114,305 65,851
Totals 37,157 - 114,305 151,462
At 1 October 2021
Tangible fixed assets 62,428 - 115,032 121,626
Current Assets
Current Liabilities (739) - - (739)
Totals 68,283 - 115,032 183,315

18

Dart Sailability Group CIO

Notes to the Accounts for the year ended 30 September 2022

10. Change in total funds over the year as shown in Note 15, analysed by individual funds

Unrestricted and designated funds:- Funds
brought
forward
from 2021
£		 Movement
in Funds in
2022
See Note 11
£		 Transfers
between
funds 2021
see Note 0
£		 Funds
carried
forward
to 2023
£
Unrestricted Revenue Funds 68,283 (31,126) - 37,157
Total unrestricted and designated funds 68,283 (31,126) - 37,157
Restricted Funds:-
Capital Additions 82,383 4,700 - 87,083
Relocation Fund 32,649 (5,427) - 27,222
Total Restricted Funds 115,032 (727) - 151,462
Total Charity Funds 183,315 (31,853) - 151,462

11 Analysis of movements in funds over the year as shown in Note 10

Unrestricted and Designated Funds Income
2022
£		 Expenditure
2022
£		 Other Gains
& Losses
2022 £		 Movement
in Funds
2022 £
Unrestricted Revenue Funds 12,960 (44,086) - (31,126)
Restricted Funds
Capital Additions 4,700 - - 4,700
Relocation Fund (5,427) - (5,427)
Totals 17,660 (49,513) - (31,853)

12. The purposes for which the funds as detailed in Note 16 are 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

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.

13. 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 2022 as required by the SORP 2015

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

14. Donations, Grants and Legacies

Donations andgifts from Individuals Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Refunds from HMRC on Gift Aid donations 3,586 - 3,586 27,862
Alan Goodenough 2,700 2,700
HadleyTrust 4,000 - 4,000 4,000
Edward GoslingFoundation - - - 3,500
Devon CountyCouncil - - - 1,700
Richard Fellender - - - 2,716
Essex Trust - - - 3,000
Yorkshire BuildingSociety - 2,000 2,000 -
Mrs F B Lawrence Charitable Trust 2,000 - 2,000 -
Lewis Trust 1,500 - 1,500 -
South Hams District Council CommunityWellbeing 2,000 - 2,000 -
Total donations andgifts from individuals 13,086 4,700 17,786 42,778
Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2021
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Donatedgoods and services 272 - 272 -
Total Donatedgoods and services 272 - 272 -
Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Membershipsubscriptions as donation 404 - 404 1481
Total income from subscriptions 404 - 404 -
Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Social events (930) - (930) 88
Total Social events (930) - (930) 88

20

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 2015

Relocation Donations Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total
Funds 2021
£
Alan Goodenough - - - 6,000
Devon Mark Charity - - - 10,716
HadleyTrust 4,000 - 4,000 5,000
Aurum Trust - - - 5,000
Bantham SailingClub - - - 1,910
Paignton RotaryClub - - - 1,860
Samarian Trust - - - 1,000
Jonnie Johnson Trust - - - 3,240
Norman FamilyCharitable Trust - - - 2,000
Other Organisations and Individuals 6,832 2,700 9,532 15,755
Yorkshire BuildingSociety - 2,000 2,000 -
South Hams Health and CommunityFund 2,000 - 2,000 -
Total Relocation Donations - - - 52,481
Total Donations, Grants and Legacies Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Total Donations, Grants and Legacies A1 12,832 4,700 17,532 96,828
15 Investment Income
Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Bank Interest Receivable 128 - 128 10
Total Investment Income 128 - 128 10

16 Expenditure on charitable activities – Direct spending

Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total
Funds 2021
£
Mooringfees 291 - 291 280
Insurance fees 3,573 - 3,573 2,761
Minor equipment and maintenance 10,661 - 10,661 10,597
Runningcosts 1,657 1,657 1,298
Relocation Expenditure - 5,427 5,427 22,164
Total Direct Spending B2a 16,182 5,427 21,609 37,100

21

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 2015

17 Support costs for charitable activities

Administrative Overheads Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total
Funds 2021
£
Stationeryandprinting 353 - 353 -
Subscriptions toperiodicals 337 - 337 -
Sundryexpenses 819 - 819 -
Volunteer expenses 300 - 300 -
Advertisingand marketing 956 - 956 -
Training 1,291 - 1,291 -
Fees paid to Advisors other than the Auditor or
Examiner
Other legal and Professional - - - 676
Financial Costs
Bank Charges 100 - 100 80
Depreciation and amortisation in total for theyear 23,573 - 23,573 11,668
Support costs before reallocation 27,729 - 27,729 13,809
Total Support Costs 27,729 - 27,729 13,809

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

18 Other Expenditure – Governance Costs

Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total Funds
2021
£
Reporting Accountant Fees 175 - 175 -
Total Governance Costs 175 - 175 -

19 Total Charitable Expenditure

19 Total Charitable Expenditure
Current Year Current year
Unrestricted
Funds 2022
£		 Current Year
Restricted
Funds 2022
£		 Current
year Total
Funds 2022
£		 Prior Year
Total
Funds 2021
£
Total Direct Spending B2a 16,182 5,427 21,609 37,100
Total Support CostsB2d 27,729 - 27,729 13,809
Total Governance costs B2e 175 - 175 -
Total Charitable Expenditure B2 44,086 5,427 49,513 50,909

All expenditure in the prior year was unrestricted

22

Dart Sailability Group CIO

Detailed analysis of income and expenditure for the year ended 30 September 2022 as required by the SORP 2015

Prior Year Prior Year
Unrestricted
Funds
2021
£		 Prior Year
Restricted
Funds
2021
£		 Prior Year
Total
Funds
2021
£
Total Direct Spending B2a 37,100 - 37,100
Total Support Costs B2d 13,809 - 13,809
Total Charitable Expenditure B2 50,909 - 50,909

23