Accounts for the Year ended 31[st] October 2025
Registered charity 1159243
East Anglian Sailing Trust
Patron: Captain Nigel Palmer OBE
The Trustees of EAST present their report for the year ended 31st October 2025
Introduction
East Anglian Sailing Trust (EAST) is a registered Charitable Incorporated Organisation with the aim of providing regular 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.
Organisation
The Trustees of the Charity are listed at the end of this 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 Sailing for Adults and Young People, disadvantaged by a wide range of abilities, to experience the benefits and joys of accessible sailing at an affordable cost.
The reports of the 2025 activities of the two sailing sections of the Trust are at items 5 and 6 of the AGM agenda.
Following the resignation of Mary Raspin as Principal and Chairman of the Keelboat section at the end of last season, it was decided to carry out a significant reorganisation of the management of the Trust’s activities.
The responsibility for the day-to-day running of the organisation has now been divided among several teams reporting to the Trustee Board. These teams are, inevitably, interdependent, and close liaison between them is essential to ensure the smooth running of E.A.S.T. Apart from spreading the workload, this has the added benefit of actively involving a greater number of volunteers than before and it is hoped that this will not only lighten the workload on individuals but make the Trust more resilient going forward.
Although the new structure has only been in place for a short time, early indications are that it will work well. The Trustees would like to take the opportunity of thanking both Mary Raspin and Simon Daws, the outgoing chairs of the Keelboat and Cruising Sections. EAST owes much of its recent success to their skill and dedication. 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 winter, together with additional Social Activities. The lease of the premises comes to an end in the early part of this year, and discussions are ongoing regarding its renewal.
Accounts
The accounts for the year ended 31st October 2025 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.
Tim Thomas has Independently Examined the EAST Accounts for many years, previously he has been Treasurer and Chairman, and is retiring at this AGM. We wish to thank him for his many years of service and advice. He also generously skippers his yacht for the VI Cruises which he is continuing.
Reserves Policy
'The present policy is to maintain a reserve fund, excluding restricted and designated funds, equivalent to at least 100% of our average annual expenditure.
The restricted funds are for equipment and projects for visually impaired sailing and grants to fit out the EAST Waterside Community Centre.
The designated fund is for the orderly renewal of the fleet and the installation of a solar storage battery.’
Trustees
Listed below are the people serving as Trustees during 2025
Allistair Renton Robert Parker Geoffrey Dreher Jonathan Dyke John Maxwell Jim Jenner Tom Clayton
In accordance with the CIO Constitution, Robert Parker and Tom Clayton will be retiring at the forthcoming AGM and have indicated their willingness to stand for re-election. 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.
Jim Jenner has decided to step down due to work and family commitments; we thank him for his valuable input and support as an EAST Trustee.
The Trustees approved this report at their meeting on 29[th] January 2026, for presentation to the membership at the AGM on the 26[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 2025
| 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 £ £ £ £ £ 20,189 20,189 25,420 27,213 27,213 32,446 478 478 722 10,473 10,473 9,200 - 8,184 8,184 12,902 66,537 - 66,537 80,690 5,198 5,198 4,848 58,595 6,148 64,743 65,555 - 85 - 63,878 6,148 - 69,941 70,403 2,659 (6,148) (3,489) 10,287 - 2,659 (6,148) (3,489) 10,287 - - - - - - - - - - - - - - - - 2,659 (6,148) (3,489) 10,287 89,461 23,956 123,281 236,698 226,411 92,120 17,808 123,281 233,209 236,698 |
|---|---|
East Anglian Sailing Trust
Registered charity 1159243
Balance Sheet - 31 October 2025
| Unrestricted funds |
Restricted income funds |
Designated funds |
Total this year |
Total last year |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets (Note 7) | 23,917 | - |
23,917 | 31,301 | |
| Total fixed assets | 23,917 | 23,917 | 31,301 | ||
| Current assets | |||||
| Stocks (Note 8) | 2,882 | 2,882 | 2,048 | ||
| Debtors (Note 9) | 6,516 | 6,516 | 6,920 | ||
| Investments | - | ||||
| Cash at bank and in hand (Note 10) | 201,238 | 201,238 | 197,705 | ||
| Total current assets | 210,636 | - | - | 210,636 | 206,673 |
| Creditors: amounts falling due within one year (Note 11) |
1,344 | 1,344 | 1,277 | ||
| Net current assets/(liabilities) | 209,292 | 209,292 | 205,396 | ||
| Total assets less current liabilities | 233,209 | - | - | 233,209 | 236,697 |
| Creditors:amounts falling due after one | |||||
| year | - | - | - | - | - |
| Provisions for liabilities | - | - | - | - | - |
| Total net assets or liabilities | 233,209 | - | - | 233,209 | 236,697 |
| Funds of the Charity | |||||
| Endowment funds | - | - - |
- | - | |
| Restricted income funds(Note 12) | 17,808 |
17,808 | 23,956 | ||
| Unrestricted funds | 92,120 | 92,120 | 89,461 | ||
| Designated Fund | 123,281 | 123,281 | 123,281 | ||
| Total funds | 92,120 | 17,808 123,281 | 233,209 | 236,698 |
Signed on behalf of all the trustees
A Renton
xx January 2026
Registered charity 1159243
East Anglian Sailing Trust
Notes to the Accounts - 31 October 2025
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.
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 2025
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 Donations and legacies: Donations and gifts 12,954 Gift Aid 905 Legacies 12.2 Movements in Restricted funds during the PRIOR reporting period Membership subscriptions and sponsorships which are in substance donations 6,330 Donated goods, facilities and services Other Total 20,189 - Charitable activities: Keelboat sailing fees 8,138 Training courses 855 VI Cruising fees 8,777 Social events 9,443 Total 27,213 - Other trading activities: Sale of books and clothing 478 Total 478 - Interest income 7,852 Rental and leasing income 193 Feed in tariff 2,428 Total 10,473 - Other: Gain on disposal of a tangible fixed asset held for charity's own use 842 Grants 7,342 Total 8,184 - 66,537 - Other information: All income in the prior year was unrestricted Suffolk County Council - Activities Unlimited Felixstowe Rotary Club Suffolk County Council RYA Foundation Worshipful Company of Insurers Total Description |
Designated funds Total funds Prior year £ £ 12,954 17,381 905 994 - 6,330 7,045 - - 20,189 25,420 8,138 8,680 855 760 8,777 11,214 9,443 11,792 - 27,213 32,446 478 722 - 478 722 7,852 6,968 193 - 2,428 2,232 - 10,473 9,200 842 - 7,342 12,902 - 8,184 12,902 66,537 80,690 This year Last year £ £ 4,092 5,000 300 3,250 4,120 3,482 7,342 12,902 |
|---|---|
Registered charity 1159243
East Anglian Sailing Trust
Notes to the Accounts (continued) - 31 October 2025
Note 5 Analysis of expenditure
| 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 Endowment funds Total funds Prior year £ £ - - - - - - - - - - - - - - - 5,198 - - 5,198 4,848 - - - - - 5,198 - - 5,198 4,848 38,765 - - 38,765 37,889 15,109 6,148 - 21,257 22,144 4,280 - - 4,280 4,235 440 - - 440 1,212 58,594 6,148 - 64,742 65,480 - - - - - 85 - - 85 75 - - - - - - - - - - 85 - - 85 75 63,877 6,148 - 70,025 70,403 |
|---|---|
| Analysis of expenditure on sailing activities Programme £ Keelboat sailing VI Cruising Training course Total |
Direct Costs Total this year Total prior year £ £ £ 26,442 23,869 11,146 11,952 1,177 2,068 38,765 - 37,889 |
|---|---|
East Anglian Sailing Trust
Registered charity 1159243
Notes to the Accounts (continued) - 31 October 2025
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
| At the beginning of the year Additions Revaluations Disposals Transfers * At end of the year |
Freehold land & buildings Other land & buildings Plant, machinery and boats Fixtures, fittings and equipment Total £ £ £ £ £ - 71,354 201,811 24,270 297,435 - - 4,581 1,238 5,819 - - - - - - - - 1,400 - 337 - 1,737 - - - - - - 71,354 204,992 25,171 301,517 |
|---|---|
7.2 Depreciation and impairments
| *Basis: Straight Line* ("SL") or Reducing Balance ("RB") Rate At beginning of the year Disposals Depreciation Impairment Transfers Net book value at the beginning of the year Net book value at the end of the year 7.3 Net book value* |
SL or RB SL RB RB SL or RB Lease 25% 20-25% - 62,273 182,081 21,780 266,134 - - - 1,392 - 316 - 1,708 - 6,318 6,174 682 13,174 - - - - - - - - - - 68,591 186,863 22,146 277,600 - 9,081 19,730 2,490 31,301 - 2,763 18,129 3,025 23,917 |
|---|---|
East Anglian Sailing Trust
Registered charity 1159243
Notes to the Accounts (continued) - 31 October 2025
Note 8 Stocks
| Charitable activities: Opening Added in period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed in period Impaired Closing Total previous year |
For distribution For resale For distribution For resale £ £ £ £ £ 758 - - - 1,397 - - - - 1,241 - - - - - - - 914 -- - - - 1,290 - - - - 5,198 - - - - - 4,520 - - - - - - - -1,968 - - - 914 1,968 - - - 758 1,290 - - - Work in progress Stock Donated goods |
|---|---|
Note 9 Debtors and prepayments
| 9.1 Analysis of debtors Trade debtors Other debtors Total |
This year Last year £ £ 6,216 6,920 - - 6,216 6,920 |
|---|---|
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 2025
Note 10 Cash at bank and in hand
| Other Note 11 Creditors and accruals 11.1 Analysis of creditors Accruals and deferred income Taxation and social security Other creditors Total Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits |
This year Last year £ £ - - 191,431 187,652 9,807 10,053 - - 201,238 197,705 This year Last year £ £ 1,344 1,277 - - - - 1,344 1,277 Amounts falling due within one year |
|---|---|
East Anglian Sailing Trust
Registered charity 1159243
Notes to the Accounts (continued) - 31 October 2025
Note 12 Charity funds
12.1 Movements in Restricted funds during the CURRENT reporting period
| Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ Visually Impaired cruising Equipment for VI Cruising activities 419 - - - - Waterside Centre Grants used to fit out Centre 6,148 - - 6,148 - - Brendan Chandler Legacy 17,389 - - - - 23,956 - - 6,148 - - Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ Visually Impaired cruising Equipment for VI Cruising activities 419 - Waterside Centre Grants used to fit out Centre 12,480 - 6,332 Brendan Chandler Legacy 17,389 30,288 - - 6,332 - - 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 Purpose and Restrictions Total Funds 12.2 Movements in Restricted funds during the PRIOR reporting period Fund names |
Fund balances carried forward £ 419 - 17,389 17,808 Fund balances carried forward £ 419 6,148 17,389 23,956 £ 3,281 120,000 123,281 |
|
|---|---|---|
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Charity Name East Anglian Sailing Trust On accounts for the year 31 October 2025 Charity no 1159243 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)
Report to the trustees
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2025.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
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 accounts to be reached
Date: 20 Jan 2026
Signed: Name: Timothy Thomas Relevant professional Chartered Accountant qualification(s) or body (if any):
1
Oct 2018
IER
Address: Crantock, High St Coddenham, Ipswich Suffolk
Section B Disclosure
2
Oct 2018
IER