## **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**