2024-10-31-accounts - East Anglian Sailing Trust

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Accounts for the Year ended 31st October 2024

Registered Charity 1159243

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Registered Charity 1159243 East Anglian Sailing Trust

Patron: Captain Nigel Palmer OBE – President: William Smith MBE

www//e-a-s-t.sailing-trust.org.uk

The Trustees of EAST present their report for the year ended 31st October 2024

Introduction

East Anglian Sailing Trust (EAST) is a registered Charitable Incorporated Organisation with the aim of providing regular safe sailing opportunities to young people and adults with a wide range of disabilities, their families, and carers, to participate in sailing and other related social activities. EAST is run entirely by unpaid volunteers and operates from its Waterside Community Centre at Suffolk Yacht Harbour on the River Orwell between Ipswich & Felixstowe.

Unfortunately, Bill Smith our President and one of the founders of the Trust sadly passed away towards the end of the year and will be sadly missed by many members of the Trust. Bill was responsible for establishing, serving and promoting the organisation, both locally and nationally and constantly encouraged both young and old to experience the benefits of getting out on the water.

Organisation

The Trustees of the Charity are listed at the end of the report.

The two sections of the charity, VI Yacht Cruising and Keelboat Sailing, run their activities under different operating procedures, necessary due to the differing nature of their activities, however they are brought together with a common purpose to provide Adults and Young People, disadvantaged by a wide range of medical conditions to experience the benefits and Joys of sailing at an affordable cost.

The EAST Website, which is now regularly updated with all aspects and activities of the charity, keeps members informed during the year and is made possible by the efforts and dedication of regular volunteers who give their time and expertise to give our sailors the ability to experience or continue to go afloat under the safe supervision of our friendly qualified Skippers, Crew and Instructors. To access the East Website, Click on www//east-anglian-sailing trust.org.uk

Sailing Activity

Keelboat Sailing Section

2024 has continued to see an increase in reliable committed and competent keelboat volunteers and this has enabled more regular weekly sessions to be run for both junior and adult sailors, consequently more attention can be given to ensure sailors needs are recognised to enhance their experience. All volunteers are encouraged to make maximum use of the training facilities available to EAST members as both an RYA Sailability & Recognised Training Centre and to consider upgrading their sailing qualifications for the benefit of our sailors and the future of EAST

Additional Sessions introduced during Saturday morning and afternoons following the success of last year’s trial, were continued to encourage more family members to participate regularly, additional sessions were also introduced midweek to enable more regular new groups to take advantage of the facilities available.

Once again, the Keelboat Sailing and training programme started in April through to late September with regular weekly sessions on Tuesday, Wednesday, alternate Thursdays and Saturday morning and afternoon sessions all available to young people from 10 years to upwards, many of our more mature sailors who having had to retire from sailing their own boats but appreciating the opportunity to still benefit from being on the water with the help of EAST.

Unfortunately, some changes in expected seasonal weather conditions have been responsible for the cancellation of a few regular sailing sessions during the year where unusual extremes with low wind or high wind conditions being experienced. Where possible alternate shore-based activities were introduced to ensure sailors and volunteers were involved in relevant activities.

VI Cruising Section

In 2024 the Cruising section has yet again enjoyed a very successful and busy programme, where demand for places was unfortunately outstripped by the ability to provide places, particularly for VI crew.

Again in 2024 two valuable assets were included in our programme, being the Adastral Park Sailing Club (APSC) boat “Carina”, and an additional charter of a yacht for the

September Cruise; without these additions we would have to have disappointed even more people.

As can be seen from the cruise information below, we have provided great cruising opportunities for visually impaired people throughout 2024 and hope to continue into 2025.

SUMMARY OF V I CRUISING IN 2024

May 3 day Cruise 17[th] to 20[th] 2024

Aimed at V I crew with some experience.

7 yachts participated sailing with 10 V I crew

Started with a social event and briefing in The East Room.

Sailed to Brightlingsea and surrounding area At Brightlingsea we swapped yachts for pre-dinner drinks and snacks. Much social mingling throughout .

June Cruise 7[th] to 9th 2024

Taster Cruise. Aimed at V I first timers and those with minimal experience of sailing.

9 yachts participated sailing with 10 VI crew

Started with a social event and briefing in The East Room.

Sailed in the local area of the Orwell and Stour rivers with some short sea sailing sessions and much social mixing between yachts.

September Cruise 13[th] to 21[st] 2024

Aimed at experienced VI crew

8 Days

9 yachts participated with 12 VI Crew

Despite the weather causing us to change our plans the cruise was a total success.

Premises

Our premises at EAST Waterside Community Centre have again been key to maintaining a base for the essential work of the charity during the year. Regular weekly maintenance sessions have continued during the year together with additional Social Activities. The external canopy installed last year at the front of the building has enabled activities to

continue and this has enhanced the area providing additional weather protection against the elements throughout the year.

Funding

Adult membership fees remained at £35 per year for adults but the fee for Junior members was increased to £10. There has been a slight increase in the total number of members during the year. Some of our regular funders have maintained their grants this year to help ensure we were able to re-start operations, and we have received several legacy donations from families of some of our sadly departed members. However, it is important to recognise that our fixed costs for premises such as rent, insurance and berthing fees remain at around £25,000 per year and are likely to increase due to forces beyond our control. Suffolk Yacht Harbour have again been particularly generous and helpful in reducing some expected boat movement and workshop charges.

A small team of volunteers has been established to look at ways to increase our fundraising in the light of changing circumstances being experienced by many UK charities at present.

Accounts

The accounts for the year ended 31st October are attached and indicate that the charity is still in a comfortable financial position to ensure we can continue in the foreseeable future as a going concern. However, as mentioned previously it is expected that funding opportunities will become more difficult to obtain in the future as business returns to a more normal pattern.

Trustees

At the AGM in February, all existing Trustees put their names forward to continue in their role and were duly re- elected.

Listed below are the people serving as Trustees during 2024

Allistair Renton	Geofrey Dreher
Jim Jenner	Robert Parker
Jonathan Dyke	John Maxwell
Peter Hudson	Tom Clayton

In accordance with the CIO Constitution, John Maxwell, Geoff Dreher and Allistair Renton will be retiring at the forthcoming AGM and have indicated their willingness to stand for re-election in 2025. We thank them for their work and support for the charity and are pleased they are continuing to accept the responsibilities of an East Trustee. Peter Hudson has indicated his wish to retire as Trustees but will continue in his key operational role. Currently the EAST Constitution allows a minimum of 3 and a maximum of 9 Trustees

The Trustees approved this report at their meeting on 30[th] January 2025, for presentation to the membership at the AGM on the 27[th] February which will be held at East Waterside Community Centre Suffolk Yacht Harbour.

Allistair Renton - Chair of Trustees EAST

East Anglian Sailing Trust

Registered charity 1159243

Statement of Financial Activities - year ended 31 October 2024

Recommended categories by activity Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Resources expended (Note 5) 12.2 Movements in Restricted funds during the PRIOR reporting period Raising funds Charitable activities Separate material item of expense Other Net gains/(losses) on investments Extraordinary items Other gains/(losses) *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Designated funds Total funds Prior year funds £ £ £ £ £ 25,164 - 256 25,420 19,002 32,446 - - 32,446 33,712 722 - - 722 682 9,200 - - 9,200 5,799 - - - - - 12,902 - - 12,902 5,250	Unrestricted funds Restricted income funds Designated funds Total funds Prior year funds £ £ £ £ £ 25,164 - 256 25,420 19,002 32,446 - - 32,446 33,712 722 - - 722 682 9,200 - - 9,200 5,799 - - - - - 12,902 - - 12,902 5,250
	80,434 - 256 80,690 64,445
	4,848 - - 4,848 4,273 59,223 6,332 - 65,555 69,588 - - - - - - - - - 225
	64,071 6,332 - 70,403 74,086
	16,363 (6,332) 256 - (9,641) - - - - -
	16,363 (6,332) 256 10,287 (9,641)
	- - - - - - - - - - - - - - - -
	16,363 (6,332) 256 10,287 (9,641)
	73,098 30,288 123,025 226,411 236,052
	89,461 23,956 123,281 236,698 226,411

East Anglian Sailing Trust

Registered charity 1159243

Balance Sheet - 31 October 2024

	Unrestricted funds	Restricted income funds	Designated funds	Total this year	Total last year
	£	£	£	£	£
Fixed assets
Tangible assets (Note 7)	22,220	9,081	-	31,301	43,089
*Total fixed assets*	22,220	9,081	-	31,301	43,089
Current assets
Stocks (Note 8)	2,048	-	-	2,048	3,067
Debtors (Note 9)	6,920	-	-	6,920	4,920
Investments	-	-	-	-
Cash at bank and in hand (Note 10)	197,705			197,705	176,609
Total current assets	206,673	-	-	206,673	184,596
Creditors: amounts falling due within one year (Note 11)	1,277	-	-	1,277	1,274
12.2 Movements in Restricted funds during the PRIOR reporting period
*Net current assets/(liabilities)*	205,396	-	-	205,396	183,322
*Total assets less current liabilities*	227,616	9,081	-	236,697	226,411
Creditors:amounts falling due after one
	-	-	-	-	-
year
Provisions for liabilities	-	-	-	-	-
*Total net assets or liabilities*	227,616	9,081	-	236,697	226,411
Funds of the Charity
Endowment funds	-	-	-	-	-
Restricted income funds(Note 12)	-	23,956	-	23,956	30,288
Unrestricted funds	89,461	-	-	89,461	73,098
Designated Fund	-	-	123,281	123,281	123,025
*Total funds*	89,461	23,956	123,281	236,698	226,411

Signed on behalf of all the trustees

A Renton

30th January 2025

Registered charity 1159243

East Anglian Sailing Trust

Notes to the Accounts - 31 October 2024

Note 1 Accounting Policies

The Trust is a Charitable Incorporated Organisation, registed on 17 November 2014, incorporating the old charity with the same name, formed in 1997.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust deed, the Charities Act "Accounting and Reporting by Charities; Statement of Recommended Practice applicable to 2011, and charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)". The Trust is a Public Benefit Entity as defined by FRS102.

12.2 Movements in Restricted funds during the PRIOR reporting period Update Bulletin 1" not to prepare a Statement of Cash Flows.

The financial statements have been prepared in Sterling under the historical cost convention, and rounded to the nearest pound.

1.2 Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available at the discretion of the trustees in furtherance of the Trust's objectives. Restricted funds comprise unexpensed donations, where the money was given for restricted purposes. Designated funds represent money earmarked by the trustees for replacement of our fleet of boats.

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

Cash donations, legacies and income tax recoverable under Gift Aid are recognised on receipt.

1.5 Resources expended

Expenditure is included on an accruals basis. Irrecoverable VAT is included as part of the associated cost.

1.6 Fixed asset investments

These are measured at cost, less an allowance for depreciation, based on their expected useful life.

1.7 Volunteer help

No attempt has been made to quantify the value of the volunteer help the Trust has received, and without which it could not function.

East Anglian Sailing Trust

Registered charity 1159243

Notes to the Accounts (continued) - 31 October 2024

Note 2 Transactions with trustees and related parties

None of the trustees have been paid any remuneration or received any other benefits. No trustee expenses have been incurred.

There have been no related party transactions in the reporting period.

Note 3 Analysis of income

Unrestricted funds Restricted income funds 17,381 - 738 - - - 7,045 - - -	Designated funds Total funds Prior year £ £ - 17,381 10,693 256 994 1,138 - - - - 7,045 7,171 - - -	Designated funds Total funds Prior year £ £ - 17,381 10,693 256 994 1,138 - - - - 7,045 7,171 - - -
	256 25,420 19,002
8,680 - 760 - 11,214 - 11,792 -	- 8,680 11,134 - 760 1,375 - 11,214 11,361 - 11,792 9,842
	- 32,446 33,712
722 -	- 722 682
	- 722 682
6,968 - - - 2,232 -	- 6,968 3,919 - - - - 2,232 1,880
	- 9,200 5,799
- - 12,902 -	- - - - 12,902 5,250
	- 12,902 5,250

80,434 -	256 80,690 64,445
	This year £ 5,000 300 4,120 3,482 - 12,902	Last year £ 3,000 - 650 - 1,600
		5,250

Registered charity 1159243

East Anglian Sailing Trust

Notes to the Accounts (continued) - 31 October 2024

Note 5 Analysis of expenditure

Analysis of expenditure on sailing activities Programme £ Keelboat sailing VI Cruising Training course Total Total expenditure on charitable activities TOTAL EXPENDITURE Total other expenditure Other Sundry expenses Subscriptions Expenditure on charitable activities Provision of sailing activities Social events Total expenditure on raising funds Premises costs Insurance Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Other trading activities Analysis Expenditure on raising funds: Incurred seeking donations Investment management costs:	Unrestricted funds Restricted income funds - - - - - - 4,848 - - -	Endowment funds Total funds Prior year £ £ - - - - - - - - - - 4,848 4,273 - - -
	4,848 -	- 4,848 4,273
	37,889 - 15,812 6,332 4,235 - 1,212 -	- 37,889 43,399 - 22,144 21,354 - 4,235 4,699 - 1,212 136
	59,148 6,332	- 65,480 69,588
	- - 75 - - - - -	- - - - 75 225 - - - - - -
	75 -	- 75 225

	64,071 6,332	- 70,403 74,086
		Direct Costs Total this year *Total* *prior year* £ £ £ 23,869 23,869 29,742 11,952 11,952 12,546 2,068 2,068 1,112
		37,889 37,889 43,400

East Anglian Sailing Trust

Registered charity 1159243

Notes to the Accounts (continued) - 31 October 2024

Note 6 Details of certain items of expenditure

Independent examiner’s fees Other fees paid to the independent examiner	This year Prior year £ £ 0 0 0 0
	0 0

Note 7 Tangible fixed assets

7.1 Cost or valuation

Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 200,650 23,581 295,585 - - 1,161 689 1,850 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 200,650 23,581 295,585 - - 1,161 689 1,850 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 200,650 23,581 295,585 - - 1,161 689 1,850 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 200,650 23,581 295,585 - - 1,161 689 1,850 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 200,650 23,581 295,585 - - 1,161 689 1,850 - - - - - - - - - - - - - - -
- 71,354 201,811 24,270 297,435

SL or RB	SL	RB	RB	SL or RB
	Lease	25%	20-25%
- 55,951 175,362 21,183 252,496 - - - 6,322 6,719 587 13,628 - - - 10 10 - - - - -
- 62,273 182,081 21,780 266,134
- 15,403 25,288 2,398 43,089
- 9,081 19,730 2,490 31,301

East Anglian Sailing Trust

Registered charity 1159243

Notes to the Accounts (continued) - 31 October 2024

Note 8 Stocks

For distribution For resale £ £ Charitable activities: Opening 1,068 Added in period Expensed in period - 310 Impaired - Closing 758 - Other trading activities: Opening - 1,999 Added in period - Expensed in period - - 709 Impaired - Closing -1,290 758 1,290 *Total previous year* 1,068 1,999 9.1 Analysis of debtors Trade debtors Other debtors Total Note 9 Debtors and prepayments Stock	For distribution For resale £ £ 1,068 - 310 - Stock	For distribution For resale £ £ £ - - - - - - - - - - - - Work in progress Donated goods
	758 -	- - -
	- 1,999 - - - 709 -	- - - - - - - - - - - -
	-1,290	- - -
	758 1,290	- - -
	1,068 1,999	- - -
		This year Last year £ £ 6,920 4,920 - - 6,920 4,920

No debtor is recoverable more than a year after the reporting date.

East Anglian Sailing Trust

Registered charity 1159243

Notes to the Accounts (continued) - 31 October 2024

Note 10 Cash at bank and in hand

Note 10 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - 187,652 164,415 10,053 12,195 -
	197,705 176,610

Note 11 Creditors and accruals

11.1 Analysis of creditors

Accruals and deferred income Taxation and social security Other creditors Total	This year Last year £ £ 1,277 1,274 - - - - Amounts falling due within one year
	1,277 1,274

East Anglian Sailing Trust

Registered charity 1159243

Notes to the Accounts (continued) - 31 October 2024

Note 12 Charity funds

12.1 Movements in Restricted funds during the CURRENT reporting period

		Fund						Fund
Fund names	Purpose and Restrictions	balances brought	Income		Expenditure	Transfers	Gains and losses	balances carried
		forward						forward
		£	£		£	£	£	£
Visually Impaired cruising	Equipment for VI Cruising activities	419	-		-	-	-	419
Audio compass project	Upgrade of audio compasses	-	-		-	-	-	-
Keelboat sailing	Specific Equipment for keelboat activities	-	-		-	-	-	-
Waterside Centre	Grants used to fit out Centre	12,480	-		- 6,332	-	-	6,148
Brendan Chandler Legacy		17,389		-	-	-	-	17,389
	Total Funds	30,288	-		- 6,332	-	-	23,956

12.2 Movements in Restricted funds during the PRIOR reporting period

Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ Visually Impaired cruising Equipment for VI Cruising activities 419 - Audio compass project Upgrade of audio compasses 2,355 - - 2,355 Keelboat sailing Specific Equipment for keelboat activities - - Waterside Centre Grants used to fit out Centre 16,671 - 4,191 Brendan Chandler Legacy 18,148 - 759 37,593 - - 7,305 - - Planned use 30th Anniversary Fund. Installation of a solar storage battery. 12.3 Designated funds Purpose of the designation To put enough money aside to allow for the orderly renewal of the fleet. Fund names Purpose and Restrictions Total Funds	Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ 419 - 2,355 - - 2,355 - - 16,671 - 4,191 18,148 - 759		Fund balances carried forward £ 419 - - 12,480 17,389 30,288 £ 3,281 120,000


			123,281

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