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2025-03-31-accounts

MYLOR SAILABILITY REGISTERED CHARITY NUMBER: 1159984

Report of the Trustees and Unaudited Financial Statements for the Year Ended

31 March 2025

Mylor Sailability

Contents of the Financial Statements For the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 7
Independent Examiners Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 12

Mylor Sailability

Report of the Trustees

For the Year Ended 31 March 2025

Report of the Trustees

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/07/14

OBJECTIVES AND ACTIVITIES

Objectives and aims

Sailors and power-boaters can gain Royal Yachting Association (RYA) achievement awards. The charity is purposely structured to be cost sensitive and therefore accessible to people from our communities in Cornwall. There are between eight and ten, one and a half hour sessions per week depending on the time of year. Since starting in 2014, the fees have remained the same, per session are currently £5 for under 18 years and £10 for over 18 years. Parents & carers fees are £5 per person. The pricing structure is set at this rate to remain inclusive to the community. The charity continues to support people to fully engage with the running of their charity which would not only increase their own personal skills but enhance their own Curriculum Vitae. We currently have over eight volunteers helping with the practical sessions and other duties involved with administering the charity.

The primary aim of the charity is to make the sport of sailing & powerboating accessible for local people of all ages from 5 years and upwards with learning and physical disabilities. We are also dedicated to increase the proportion of all ages playing sport at least once a week. This is to get the local disabled community on the water and keep them there to maintain a healthier lifestyle. Living in Cornwall and surrounded by water, makes sailing a very popular sport. Traditionally this sport engages individuals from more affluent families and the aim of this charity is to make sailing more available to all, by providing it at a more affordable price.

Public Benefit

The Trustee’s consider they have complied with their duty in Section 4 of Part 1 of the Charities Commission on public benefit.

ACHIEVEMENT AND PERFORMANCE

Review of charitable activities in 2025.

Mylor Sailability Projects & Fleet information –

To meet our aims, Mylor Sailability has had the following projects in place –

Mylor Sailability sets out to raise awareness for the facility to as many disabled people as possible with various press releases in the local press, social media and open days. Tracey Boyne has continued to deliver a series of talks to a variety of sailing clubs and other small organisations, raising further awareness in the local community. We also have reviews on ‘Euan’s Guide’ which is a TripAdvisor for people with extra access requirements. This has increased our private session bookings for those living and visiting Cornwall.

Mylor Sailability continues to offer inclusive sailing and powerboating sessions for all ages. We do not have any age limits which reaches a wide span of people with physical and learning disabilities and impairments and also our terminally ill participants and their loved ones. During the talks led by Tracey Boyne to various organisations, including sailing clubs, and

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

other small community run groups, the purpose is to raise awareness and highlight new support from individuals or donations of useful items to the charity.

Good Day Promise – Project This project is for free of charge private sessions for the terminally ill and their loved ones to get on the water. This project has developed a great partnership with the Children’s Hospice Southwest who have loved being able to get their families on the water. We had over 130 people on the water with this project this year. We would love to continue this project indefinitely. We are building further partnerships with other relevant departments at the hospitals and Disability agencies.

Anything is Possible – Project Is the name of the new project for the Artemis 20 boat described on the next page. An adapted boat gifted to us. This Sip & Puff electronic technology allows quadriplegic and other disabled people with limited movement to their limbs to be hoisted into a specially fabricated support boat.

HMS Go - Project Help Mylor Sailability Go was launched at the beginning of 2017 to raise awareness, encourage volunteers and donations of any useful items. This project gives the opportunity for individuals to sign up to monthly donations with a direct debit scheme. Progress on further regular donors has been quite slow but this scheme will continue to stay in place. HMS Go will hopefully continue to grow steadily and help with creating a more sustainable facility. Due to the pandemic this slowed progress. Tracey Boyne continues to deliver talks around the county to raise awareness for Sailability and the HMS Go regular donors scheme.

Fleet and equipment information –

The Wheelyboat ‘Odyssey’ , continues to be a fantastic boat in the fleet, allowing larger groups to get on the water which is better for the social aspect and for sustainability of each session.

We were advised in December 2024 of a donation of a new Wheelyboat. This is very exciting news and is being donated in full to Mylor Sailability. A boat worth £50,000. We were supposed to receive the boat in January 2025 but due to unforeseen circumstances, it will now be May 2025.

This is very good timing as Odyssey was going to have to have some quite expensive structural repairs this year. We are going to name this boat Liberty in memory of one of our regular users of this boat and the Sip and Puff boat who sadly passed away unexpectedly this December 2024. This person always spoke about how liberating it was to be able to get on the powerboat and sail every week.

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

The Hawk 20 sailing keelboat has been sold, as it became surplus to our requirements although we still have use of this which has proved very useful.

Drascombe Longboat , a sailing keelboat taking up to 9 people. This was donated by another Sailability centre in Cornwall in March 2021, sadly due to the fact that they lost all their funding and had to close down.

Beneteau First 21.7 keelboat which is a versatile boat with its lifting keel and is for the more able of our participants and also for our racing teams. It is able to come alongside our pontoon at most states of tide.

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

Artemis 20 Sip & Puff boat – this fantastic electronic technology allows a person with disabilities to steer the boat by simply gently sucking or blowing on a tube which moves the rudder. The boat was gifted by The Miss Isle School of Sip and Puff on the Isle of Wight in spring 2023. Some work had to be carried out and general maintenance, then we had successful sea trials before taking our first participants sailing. The boat is towed out of the fairway with a support boat. An instructor will be onboard at all times, the participant’s carer/s will be on the support boat close by.

We have been taking participants sailing using our hoist on the pontoon. This boat is quite resource heavy requiring 2 instructors and a support boat. We also need to have the right tidal conditions to launch and recover in 1 day. This process to get the boat rigged, launched, a short sailing session, then de-rigged and recovered takes up to 5 hours. Further discussions are ongoing on how to make this process simpler, prerigged tow lines, quick release, floating tow lines etc. We aim to hold 2 open days for this boat next year and we have been in touch with neurological departments in the NHS.

Further Updates –

Future projects including Race Teams, and other disability groups including Dementia, MS Society, Parkinsons and more have been developed and we will be building on this for the coming year to broaden the demographic of participants and truly encompass everybody in the community and further afield to giving them the opportunity to get on the water regularly.

The Race Teams have been quite successful this year and building numbers. Mylor Sailability are honorary members of Mylor Yacht Club. We try to regularly race each week between the months of April and September. We are also looking into a Flushing Sailing Club series for next season.

We continue to have an increasing amount of special education needs providers within schools that are attending our activities. Pencalenick School, Richard Lander School, Double Trees School, amongst others. This has proven to be remarkably successful allowing children to gain certification and achievements. Some of this is funded by the Roseland Youth Sailing Trust.

Other News –

We held our Charity Boat Jumble on the first May bank holiday in 2024, which is proving to be quite a good date to hold this event. Equipment donations were through the roof, including some quite expensive items that we were able to sell on at the jumble and via Facebook Marketplace. Further publicity was done for the boat jumble this year, via BBC Radio Cornwall and all the sailing clubs and this attracted more sellers and buyers. This is a great community event. We usually receive lots of donated items of boat goods from the local community which we can either use or sell.

During the season we manage to fill our collection pots at Mylor Sailability with donations from the customers of Mylor Sailing School, which includes kit hire. The collection of cash has reduced for the

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

simple fact that less people carry cash now. We have seen some bank transfers in place of cash donations and now have a Sum Up machine in place to take card payments.

Joint organising of music events with the fantastic Mylor Sessions group of local musicians is ongoing and always raises a good amount each year. This generally involves a few smaller music events throughout the winter and also a large marquee party in the summer. The events are always well attended.

GENERAL INFORMATION

Although all administration is carried out by volunteers, Mylor Sailability requires funding support to assist with the costs of RYA Instructors, specialised equipment, safety equipment, insurance, maintenance and other small general running costs. Core costs such as rent, utilities, phones etc are given ‘in kind’ by Mylor Sailing School (detailed further below ‘In-Kind Contributions’). Funding is met by a combination of subscription charges, Charity fund raising and commercial sponsorship. The charity also relies on collection pots, and small donations from members of the public. The ongoing growing demand has further increased the number of disabled people able to participate and benefit from the Charity’s aims taking advantage of the lower costs to participants. This is now evident as shown by the vast increase of participation throughout the years and it is paramount that further funding is raised to continue to meet demands. Mylor Sailability continues to create significant partnerships working with the local disability agencies, trusts and schools, and other community groups in the targeted areas. To date, these include, The Royal Yachting Association’s Sailability Charity, The Cornwall Sports Partnership, Scope, The Brandon Trust, The Merlin MS Centre, Spectrum Autism, Green Light Autism Care, Cornwall Accessible Activities Programs (CAAP), Children’s Hospice Southwest, Various referrals from NHS departments and SEN within Schools plus many other local care centres and trusts all over Cornwall. Mylor Sailability’s tenth year has been full of more exciting news and activities, both challenging and fun. Young and old people have gained confidence, achieved awards and certification. There have been many achievements from participants gaining more RYA Sailability Achievement Awards.

Challenges for the year to come –

Since 2019, we have seen our participation figures increase tremendously. It was slow to start just after the pandemic, for obvious reasons but now our sessions are even fuller and there is demand for more. We have sometimes been successful with donations and grants that pay for overheads, including direct costs and equipment replacement but this is an ongoing process with grant applications. Each year we apply for funding in an attempt to cover all other costs and remain optimistic that we continue to be supported and funded by these fantastic organisations.

In-house fund-raising events have gone well, with music events, and a large marquee party in Mylor Bridge village raising a substantial amount each year. The boat jumble did exceptionally well this year in May 2024 and onwards with the sale of many donated items, including a tender, a binnacle as 2 of the larger items. The Trustees are always in discussion for different fund-raising ideas.

FINANCIAL REVIEW

Reserves policy

It is Mylor Sailability policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments for operational direct costs. As a small charity, reliant on public and charitable funding and susceptible to factors beyond the control of the organisation, the trustees recognise the need to keep reserves at a level which will give the organisation stability to enable it to continue to operate in the future. The actual minimum level of reserves required for peak months of between May and September, is £5,000 for any three month period during this time. The funds to be held in reserve are for the direct operational costs which includes instructors and powerboat fuel, less the session fees payable by the participants.

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

In Kind Contributions

Thanks go to: The owners of Mylor Yacht Harbour, the Graffy family and their team for always supporting Mylor Sailability, with all aspects including complimentary boat lifts, boat and trailer storage, and generally helping us to offer the accessible facility, free rent on the accessible building and pontoon. The charity really couldn’t operate without any of this help from the marina and the Graffy family. Mylor Sessions is run by local musician legends that organise music events to raise money for us and other local causes every year. The Wheelyboat Trust for all their ongoing support and advice. The Royal Yachting Association Sailability for their ongoing support and advice. Mr Roger Angell and his son Matthew Angell for their generosity with free boat repairs and maintenance and support, only charging for materials. Tony from Pulse Fabrications in Penryn for his generosity with free repairs and support. Mylor Sailing School give many items in-kind for the smooth running of the sailing and powerboating sessions, including various sailing dinghies and powerboats. Also, the use of the centre, workshop, pontoon, drying room and other general facilities. Finally, to the many local members of the community who have supported Mylor Sailability either with concerts, selling teas and cakes, running up mountains, other various events, donating various small and necessary equipment and organising the collection pots thank you so much.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Mylor Sailability is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, adopted 12th October 2013. The members of the CIO are the charity trustees. Membership of the CIO cannot be transferred to anyone else. The affairs of the charity are managed by the trustees, who may exercise all the powers of the charity. The liability of each member to contribute to the assets of the CIO, in the event of the CIO winding up, is limited to a sum not exceeding £1. The trustees who served during the year are shown in this report.

Key management personnel remuneration

The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Incorporated Organisation Charity Number

1159984

Trustees

Mr Euan Beattie - Chairman Miss Tracey Boyne - Secretary Mr Jonathan Stevenson -Treasurer Mr Tim Julian Mr Geoff Squib

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Mylor Sailability

Report of the Trustees (continued) for the Year Ended 31 March 2025

Principal address

Mylor Sailability Mylor Yacht Harbour Mylor Churchtown Falmouth Cornwall TRII 5UF

TRUSTEES RESPONSIBILITY STATEMENT

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed. 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.

Approved by the trustees and signed on behalf of the board by:

............................................. Mr Euan Beattie Chairman

Dated: 30[th] November 2025

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Mylor Sailability

Independent Examiners Report for the Year Ended 31 March 2025

I report on the accounts for the year ended 31 March 2025 set out on pages five to ten.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Jennifer Opie FCA Bickerstaff & Accountants Unit 3d Guildford Road Industrial Estate, Guildford Road Hayle TR27 4QZ

Date: 30[th] January 2026

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Mylor Sailability

Statement of Financial Activities for the Year Ended 31 March 2025

INCOME
Fundraising Income
Donation Received
Donations In Kind
Grants Received
Trading Activities - Session Fees
Bank Interest Received
Other Income
EXPENSES
Wages and salaries
Boat Expenses - Fuel
Boat Expenses - Mooring Costs
Boat Expenses - Repairs & Renewals
Subcontractor costs
Employers pensions - defined benefit schemes
Staff training
Travel and subsistence expenses
General Office Costs
Fundraising Costs
Equipment repairs, renewals and maintenance
Insurance
Accountancy fees
Subscriptions
Surplus Deficit
Funds Brought Forward
Funds Carried Forward		 2025
Restricted
Unrestricted
Total
£
£
£
-
3,325
3,325
-
6,211
6,211
-
390
390
20,000
-
20,000
-
14,990
14,990
-
531
531
-
-
-
20,000
25,447
45,447
13,900
16,565
30,465
3,600
2,804
6,404
-
895
895
-
1,884
1,884
-
11,097
11,097
-
250
250
-
373
373
-
12
12
-
390
390
-
47
47
530
706
1,236
-
1,601
1,601
-
1,060
1,060
-
328
328
18,030
38,011
56,041
1,970
(12,564)
(10,594)
3,030
35,804
38,834
5,000
23,240
28,240		 2024
£
4,910
2,391
-
17,750
13,430
110
573
39,164
23,793
6,034
138
1,442
23,917
-
385
-
434
-
558
1,609
1,080
-
35,597
3,567
35,267
38,834

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Mylor Sailability

Balance Sheet

For the Year Ended 31 March 2025

2025
£
£
FIXED ASSETS
Building Costs
41,421
Powerboats
30,529
Sailing Boats
28,552
Other Assets
2,450
Tangible Assets
102,952
CURRENT ASSETS
Debtors
-
Cash at bank and in hand
Current Account
2,651
Barclays Saver Account
27,449
Paypal Bank Account
181
30,281
Creditors: Amounts Falling Due Within One Year
Accruals
(500)
HMRC Liabilities
(1,540)
NET CURRENT ASSETS
28,240
TOTAL ASSETS
131,278		 2024
£
£
41,421
30,529
28,552
2,450
102,952
124
1,686
36,967
181
38,834
(1,431)
-
37,527
140,479
1,686
36,967
181

The financial statements were approved by the Board of Trustees on 30[th] January 2025 and were signed on its behalf by:

............................................. Euan Beattie Chairman

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Mylor Sailability

Notes to the Financial Statements (continued) For the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and with the Charities Act 2011.

Going Concern

The financial statements have been prepared on a going concern basis.

The Trustees assess whether the use of going concern is appropriate i.e.whether there are any material uncertainties related to events or conditions that may cast doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

No depreciation is provided on the charity’s property or sailing vessels. The trustees consider that these assets are maintained to a consistently high standard, such that their residual values are not materially diminished over time. Accordingly, the trustees believe that charging depreciation would not be material to the financial statements.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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Mylor Sailability

Detailed Statement of Financial Activities

For the year Ended 31 March 2025

2. RESTRICTED GRANTS

Norman Family Trust
Rotary Club
Ernest Hecht Charitable Foundation
Other		 2025
£
1,000
4,000
-
-
5,000		 2024
£
-
500
2,500
30
3,030

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration, expenses or other benefits paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

4. RELATED PARTY TRANSACTIONS

There were no Related Party Transactions for the year ended 31 March 2025 nor for the year ended 31 March 2025.

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