2022-12-31-accounts - Otley Sailing Club

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Registered Charity Number 1,160,253

Trustees’ Annual Report 31 December 2022

The directors present their report with the financial statements of the company for the year ended 31 December 2022.

The legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice – Accounting and Reporting By Charities (revised 2005).

Objectives of the Charity

The aims and objectives of the charity are to promote community participation in healthy recreation by providing facilities to participate in water-based amateur sports, and to advance education for the public benefit in the subject of water-based sportsThis is primarily achieved by running the activities of Otley Sailing Club.

Review of activities and future strategy

The club has continued in much the same way as before.

Reserves policy

Reserves representing the necessary investment in fixed assets will always be required, and these are expected to remain healthy for the foreseeable future. Subject to that, reserves will be retained to cover six month’s operational costs.

Risk Review

During the period the Directors have reviewed the risks to which the company is exposed, both internally and externally, and heave reviewed the controls in place to mitigate those risks. The review of risks will continue on a regular basis to ensure appropriate controls are maintained.

Organisation

The company is run by the board of directors, assisted by the committee of Otley Sailing Club as required.

Public Beneft

By advancing the knowledge of sailing and other water sports, the public are able to enjoy and appreciate the benefits of these sports in a safe environment.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. This report has been

IAN WHITE, Chair and Director

prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities, and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

This report was approved by the Board of Trustees on 8 March 2023 and signed on its behalf by

OTLEY SAILIIYG CLUB Compan!. Registration Number: 08998602 (Emgland and Wale5) Unaudited abridged accounts lor the year eded 31 December 2022 Period of accounts Start date- 111 2022 End date: 31 December 2022

OTLEY SAILIIYG CLUB Contellls of the Fln¥neial Ststements ror tht Perlod Endtd 31 Dettmber 2022 81

OTLEY SAILIIYG CLUB B¥l•n¢e sheet As 8131 December21122 21J22 2021 Callcd up sharc rapilal nol ld.. Flxed Assets Intangible a4sers'. Tangiblc asSCIS'. 70JSI 67.725 Investmenis.. Tolal lixed a55ets: (17.725 Current &S5ets Stocks.. Cash di bank and ln hand.. 69263 Invesimenis.. Total current a55¢ts: 69,263 C.rediiors.' gmounis falling due within year.. 113J65) 110.747 4¢t ¢urr¢llt a¥5¢ts' Ili¥biliti¢s1: 55,698 70.754 Total au%et41¢s% Qu¢n¢ l)abiliti¢5'. 126249 13S.479 Crcdiiors.. amounts falling duc ?ftcr morc ihwn onc ycar. 118,4121 121.9.17) Toixl llss¢ts Iligbilitit51: 107137 16.£42 Capit*l aDd reserves C_'Rllrd up share C41piial-. Share preniium account= R¢valL¢aiion r¢q¢r¥¢= Oihcr rescrvcs.. 107J36 Shireh(hld¢r$ lld= 107.837 16.542 The fotm part of these financial ststetnentS

OTLEY SAILIIYG CLUB B¥lante sheet s¢temeDts FciT the yedr endin¥ 31 tkcemheT 2fl22 Th¢ cornpatry entitled ex¢mption und¢r5eclioi) 477 of the Cotnpllni Aci 2fj4 rclating to stTwII mtnpanirs. Thc nicmbct8 liavc rcgujrd Ihc LLHlJFEllly Iv ulmain In accotdanlc '1th %eLIii)tb 47fi vcihc CompaniTh ALt 21kn. The directots aLknowledge their rL]K)Dsibilitie& for co]nplyi]g with the wuireTJhthts of the.4it with SpeCt to atcountinE retord thr ptrpaiaijon of &LuunLb. Th¢ rn¢mbers have agreed to the preparaiioll of abridged accounts for this accounring periTrJ in accordance u'itli Section 44412AI. These aecounis have been prepared in a&ordance wilh the provisiotts applie&ble 10 cornpanies subject 10 Ihe small companies regime. The director5 have dM)s¢n lo 1 fLl¢ a c(vy orth¢ cornpany's profil & loss accounL Tbis report 2pproied h) tbt ljoard of dirtetors 211 Ftbrn#ry 2023 %ignL¥I beh#lf of the IKb#rd b>- Name.. lan White Siatus.- Direcior The noiel part tsf these ficlaI 4tstement5

OTLEY SAILIIYG CLUB Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2022 l. Accounting policie5 These finanLial sthiemenis have been prq)aMI fft thtcotdan¢e with the ptoirisions ofseciion IA Ismall Eniilies} of Fitwiciai Reporting Slajjdard 102

OTLEY SAILIIYG CLUB Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2022 2. Emploveeg 2022 2021 AvcrAg¢ Nurnberof cmploi'cc5 duriTrg thc pcrv)d

OTLEY SAILIIYG CLUB Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2022 -7. Tangible Asse15 Tot%1 C05t Al 01 January 2022 208.434 Addiiiu)s 15,860 At 31 Dcc¢inkr 2022 224.294 DeprttYotioD Al 01 Janudry 2022 140.709 Charge foryear 1_6.034 At 31 DeLetllber 2022 153,743 Net book Nalue At.1 I tkctnib¢r 2022 70.451 Al 31 Dccctnkr 2(121 67,725

This documeni Jelii'ered using elecirninic ci)nimunic¥rivns aNI auikiiiicaied in accordance wilh lh¢ Tegis1Ta¢s rules relaiingp Il} clcctronic forni. authcntication and tnaJllKf of dcliTrcry tcl scctiotl 107? of thc CotJwaDics Act 2(K)O.

OTLEY SAILIIYG CLUB Contellls of the Fln¥neial Ststements ror tht Perlod Endtd 31 Dettmber 2022 81

OTLEY SAILIIYG CLUB Notes to the Fingnei*l Sl•tements ror tht Perlod Endtd 31 Dettmber 2022 2. Emploveeg 2022 2021 AvcrAg¢ Nurnberof cmploi'cc5 duriTrg thc pcrv)d