## ## |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 6| |Statement of Trustees' Responsibilities|7| |Independent Examiner's Report|8| |Statement of Financial Activities|9 to 10| |Balance Sheet|**11**| |Notes to the Financial Statements|12 to 22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # `14/06/2021` ## ## |||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---| |||**funds**|**funds**|**2020**| ||**Note**|£|£|£| |**Income and Endowments from:**||||| |Donations and legacies||15,105|12,403|27,508| |CJRS income||98,830||98,830| |Grants, including capital grants||118,715|1,000|119,715| |Provision ofwatersport and educational||||| |activities|2|41,361||41,361| |Other trading activities|3|78,571||78,571| |Investment income||3||3| |Total Income||352,585|13,403|365,988| |**Expenditure on:**||||| |Raising funds|4|(5,826)||(5,826)| |Charitable activities|5|(369,924)|(8,994)|(378,918)| |Total Expenditure||(375,750)|(8,994)|(384,744)| |Net movement infunds||(23,165)|4,409|(18,756)| |**Reconciliation of funds**||||| |Total funds brought forward||133,136|69,434|202,570| |Total funds carried forward|17|109,971|73,843|183,814| |||**Unrestricted**|**Restricted**|**Total**| |||**funds**|**funds**|**2019**| ||**Note**|£|£|£| |Donations and legacies||5,976|46,856|52,832| |Grants||88,482|2,000|90,482| |Provision ofwatersport and educational||||| |activities|2|259,613||259,613| |Other trading activities|3|170,206||170,206| |Investment income||7||7| |Total Income||524,284|48,856|573,140| |**Income and Endowments from:**||||| |**Expenditure on:**||||| |Raising funds|4|(28,263)||(28,263)| |Charitable activities|5|(471,050)|(38,635)|(509,685)| |Total Expenditure||(499,313)|(38,635)|(537,948)| |Net movement infunds||24,971|10,221|35,192| ## |||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---| |||**funds**|**funds**|**2019**| ||**Note**|£|£|£| |**Reconciliation of funds**||||| |Total funds brought forward||108,165|59,213|167,378| |Total funds carried forward|17|133,136|69,434|202,570| ## ## ## |31 December2020|||| |---|---|---|---| |||**2020**|**2019**| ||**Note**|£|£| |**Fixed assets**|||| |Tangible assets|12|195,577|228,253| |**Current assets**|||| |Stocks|13|1,305|2,032| |Debtors|14|225,981|212,860| |Cash at bank and in hand||104,886|1,736| |||332,172|216,628| |**Creditors: Amounts falling due within one year**|15|(122,546)|(197,589)| |**Net current assets**||209,626|19,039| |**Total assets less current liabilities**||405,203|247,292| |**Creditors: Amounts falling due after more than one year**|16|(221,389)|(44,722)| |**Net assets**||183,814|202,570| |**Funds of the charity:**|||| |**Restricted funds**||73,843|69,434| |**Unrestricted income funds**|||| |Unrestricted funds||109,971|133,136| |**Total funds**|17|183,814|202,570| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |**Asset class**|**Depreciation method and rate**| |---|---| |Watersports equipment|10% straight line| |Computer equipment|25% straight line| |Furniture and fixtures|25% straight line| |Motor vehicles|25% reducing balance| ## ## ## ## ## ## ## ## |**`2`**|**Income from charitable activities**|||| |---|---|---|---|---| |||**Unrestricted**||| |||**general**|**Total**|**Total**| |||**funds**|**`2020`**|**`2019`**| |||£|£|£| ||Watersport and educational courses|41,361|41,361|259,613| |**3**|**Income from trading activities**|||| |||**Unrestricted**||| |||**general**|**Total**|**Total**| |||**funds**|**`2020`**|**`2019`**| |||£|£|£| |Fees and supplies||22,306|22,306|17,267| |Accommodation and hire income||56,265|56,265|152,939| |||78,571|78,571|170,206| ## ||||**Un restricted**||| |---|---|---|---|---|---| ||||**general**|**Total**|**Total**| ||||**funds**|**`2020`**|**`2019`**| ||||£|£|£| |Marketing|and|publicity|5,826|5,826|28,263| ## ## ## |**5**
**Expenditure on charitable a**|**ctivities**|||| |---|---|---|---|---| ||**Unrestricted**|||| ||**general**|**Restricted**|**Total**|**Total**| ||**funds**|**funds**|**`2020`**|**`2019`**| ||£|£|£|£| |Watersport and educational||||| |activities|18,267||18,267|56,957| |Direct staffcosts|232,104|1,000|233,104|269,408| |Premises costs|70,844||70,844|123,634| |Depreciation|27,098|7,994|35,092|31,772| |Bank charges|18,361||18,361|24,164| |Governance costs|3,250||3,250|3,750| ||369,924|8,994|378,918|509,685| ## ## |||**Unrestricted**||| |---|---|---|---|---| |||**general**|**Total**|**Total**| |||**funds**|**`2020`**|**`2019`**| |||£|£|£| |Independent examiner fees||||| ||Examination ofthefinancial statements|3,250|3,250|3,750| |||3,250|3,250|3,750| |**7**|**Net incoming/ (outgoing) resources**|||| |Net incoming/ (outgoing) resources for the year include:||||| ||||**`2020`**|**`2019`**| ||||£|£| |Depreciation of fixed assets|||35,092|31,772| ## ## ## ## |The aggregate payroll costs were as follows:||| |---|---|---| ||**`2020`**|**`2019`**| ||£|£| |**Staff costs during the year were:**||| |Wages and salaries|233,104|269,408| ||||||**`2020`**|**`2019`**| |---|---|---|---|---|---|---| ||||||**No**|**No**| |Full|and|part|time|employees|12|12| ## |**`2020`**|**`2019`**| |---|---| |£|£| |3,250|3,750| ## ## ||**Furniture**|||**Other**|| |---|---|---|---|---|---| ||**and**|**Motor**|**Computer**|**tangible**|| ||**equipment**|**vehicles**|**equipment**|**fixed asset**|**Total**| ||£|£|£|£|£| |**Cost**|||||| |At 1 January 2020|27,259|3,718|3,693|309,394|344,064| |Additions|450|1,500||466|2,416| |At 31 December|||||| |2020|27,709|5,218|3,693|309,860|346,480| |**Depreciation**|||||| |At 1 January 2020|22,224|3,382|2,583|87,622|115,811| |Charge for the year|2,894|460|672|31,066|35,092| |At 31 December|||||| |2020|25,118|3,842|3,255|118,688|150,903| |**Net book value**|||||| |At 31 December|||||| |2020|2,591|1,376|438|191,172|195,577| |At 31 December|||||| |2019|5,035|336|1,110|221,772|228,253| |**`13` Stock**|||||| |||||**`2020`**|**`2019`**| |||||£|£| |Stocks||||1,305|2,032| ## ## |**14 Debtors**||| |---|---|---| ||**2020**|**2019**| ||£|£| |Trade debtors|79,981|111,344| |Duefrom group undertakings|127,100|82,900| |Prepayments|3,559|14,089| |Other debtors|15,341|4,527| ||225,981|212,860| |**15 Creditors: amounts falling due within one year**||| ||**2020**|**2019**| ||£|£| |Bank overdrafts||34,476| |Trade creditors|3,060|16,505| |Loans|31,225|7,892| |Othertaxation and social security|2,825|5,069| |CJRS overclaimed|5,757|| |Other creditors|234|805| |Accruals|7,220|22,200| |Deferred income|72,225|110,642| ||122,546|197,589| |**16 Creditors: amounts falling due after one year**||| ||**2020**|**2019**| ||£|£| |Loan|221,389|44,722| ## |**17 Funds**||||| |---|---|---|---|---| |||||**Balance at**| ||**Balance at 1**|**Incoming**|**Resources**|**31 December**| ||**January 2020**|**resources**|**expended**|**2020**| ||£|£|£|£| |**Unrestricted funds**||||| |**_General_**||||| |Unrestricted funds|133,136|352,585|(375,750)|109,971| |**Restricted funds**||||| |Restricted funds|69,434|13,403|(8,994)|73,843| |**Total funds**|202,570|365,988|(384,744)|183,814| ## ## ## ## |||||**Balance at**| |---|---|---|---|---| ||**Balance at 1**|**Incoming**|**Resources**|**31 December**| ||**January 2019**|**resources**|**expended**|**2019**| ||£|£|£|£| |**Unrestricted funds**||||| |**_General_**||||| |Unrestricted funds|108,165|524,284|(499,313)|133,136| |**Restricted funds**||||| |Restricted funds|59,213|48,856|(38,635)|69,434| |**Total funds**|167,378|573,140|(537,948)|202,570| ## ||**Unrestricted**|**Restricted**|| |---|---|---|---| ||**general funds**|**funds**|**Total funds**| ||£|£|£| |Tangible fixed assets|135,848|59,729|195,577| |Current assets|318,058|14,114|332,172| |Current liabilities|(99,213)||(99,213)| |Creditors over 1 year|(244,722)||(244,722)| |Total net assets|109,971|73,843|183,814|