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2024-12-31-accounts

Otley Sailing Club (Company number: 08998602) Statement of financial activities Year ended 31 December 2024

Otley Sailing Club (Company number: 08998602)
Statement of financial activities
Year ended 31 December 2024
Incoming resources
Note
Voluntary income
Activities for generating funds
Other incoming resources
Total incoming resources
Resources expended
Cost of activities in furtherance of the charity's objectives
Fund-raising costs
Support & governance costs
Total resources expended
Net movement in funds
Balances b/f at 1 January 2023
Balances c/f at 31 December 2024
2024
2023
£
£
61,558 47,940
20,217 14,700
3,744 4,702
85,519 67,342
52,087 50,000
14,203 11,743
819 572
67,109 62,315
18,410 5,027
112,864 107,837
131,274 112,864

The notes form part of these accounts

Otley Sailing Club (Company number: 08998602)
Balance sheet
31 December 2024
Note
FIXED ASSETS
Tangible assets
2
CURRENT ASSETS
Cash at bank
Trade Debtors
CREDITORS
Amounts falling due in one year
3
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after one year
4
NET ASSETS
Represented by
Unrestricted funds
UNRESTRICTED FUND
2024
2023
£
£
59,829 69,017
100,914 71,854
- 324
100,914 72,178
18,393 13,721
82,521 58,457
142,350 127,474
11,076 14,610
131,274 112,864
131,274 112,864
131,274 112,864

In preparing these financial statements the directors are of the opinion that:

The directors acknowledge their responsibility for:

The financial statement have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board of directors on 5th March 2025 and signed on their behalf by

M McDonald Director

Otley Sailing Club (Company number: 08998602) Notes to the financial statements 31 December 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 " The Financial Reporting Standard applicable to the Micro Entities Regime".

Turnover

Turnover represents subscriptions for the year, and the provision of all goods and services during the year, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Clubhouse - over the life of the lease Rescue boats & motors - 10% on reducing balance Club equipment - 15% on reducing balance

Grants received

Grants in respect of capital equipment are initially rcorded as deferred revenue. These grants are recognised in the SOFA to match the related depreciaton.

Grants in respect of revenue expenditure are recognised in the SOFA when received.

Otley Sailing Club (Company number: 08998602) Notes to the accounts

31 December 2023

3. TANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
4. CREDITORS
Amounts falling due within one year
Accrued expenses
Deferred income
Deferred Grants
5. CREDITORS
Amounts falling due over one year
Deferred Grants
Clubhouse
Boats
Total
£
£
£
£
76,583 155,307 4,198 236,088
4,468
4,468
Club
Equipment
Clubhouse
Boats
Total
£
£
£
£
76,583 155,307 4,198 236,088
4,468
4,468
Club
Equipment
76,583 159,775 4,198 240,556
52,907 110,509
4,556 8,556
3,655 167,071
543 13,655
57,462 119,066 4,198 180,726
19,121 40,709 0 59,830
23,677 44,797 543 69,017
2024
2023
£
£
100 100
14,767 10,095
3,526 3,526
18,393 13,721
2024
2023
£
£
11,076 14,610

Otley Sailing Club Independent Examiner's Report on the unaudited financial statements To the Board of Directors of Otley Sailing Club

examination carried out under s.145 of The Charities Act 2011 (“the Act”).

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND EXAMINER

required for this period under s.144(2) of the Act and that an independent examination is needed.

It is my responsibility to

BASIS OF INDEPENDENT EXAMINER’S REPORT

view given by the financial statements.

INDEPENDENT EXAMINER’S STATEMENT

In the course of my examination, no matter has come to my attention:

b. to prepare financial statements which accord with the accounting records and which comply with the regulations,

have not been met; or

statements to be reached.

Malcolm V Walker Accountant Rivington 11 Falcon Road Bingley West Yorkshire BD16 4DP 19 February 2025

Otley Sailing Club (Company number: 08998602) Notes to the accounts 31 December 2024

6. Detailed Income & Expenditure account
Turnover
Subscriptions
Training fees
Boat hire
Donations
Social
Club merchandise
Cost of sales
Social
Club merchandise
Training costs
Other cost of sales
Gross surplus
Other income
Grants receivable
Sundry receipts
Expenditure
Rent
Insurance
Light & heat
RYA affiliation
Telephone
Post & stationery
Rescue boats & motors
Petrol
Trophies
Repairs & renewals
Sundry expenses
Legal fees
Finance costs
Bank charges
Depreciation & Impairment
Clubhouse
Rescue boats
Club equipment
NET SURPLUS
2024
2023
£
£
£
£
43,768
40,410
16,258
10,702
-
15
17,790
7,530
3,959
3,983
-
-
81,775
62,640
1,998
2,155
440
-
10,236
9,588
1,528
-
14,203
11,744
67,572
50,896
3,534
3,802
210
900
3,744
4,702
9,800
8,536
7,878
6,856
3,151
4,125
848
-
4,210
1,026
105
80
3,002
2,517
550
476
475
1,102
3,891
6,865
4,405
5,089
115
-
38,431
36,671
819
572
4,556
4,556
8,556
8,055
543
718
13,655
13,329
18,410
5,027
2024
2023
£
£
£
£
43,768
40,410
16,258
10,702
-
15
17,790
7,530
3,959
3,983
-
-
81,775
62,640
1,998
2,155
440
-
10,236
9,588
1,528
-
14,203
11,744
67,572
50,896
3,534
3,802
210
900
3,744
4,702
9,800
8,536
7,878
6,856
3,151
4,125
848
-
4,210
1,026
105
80
3,002
2,517
550
476
475
1,102
3,891
6,865
4,405
5,089
115
-
38,431
36,671
819
572
4,556
4,556
8,556
8,055
543
718
13,655
13,329
18,410
5,027
2024
2023
£
£
£
£
43,768
40,410
16,258
10,702
-
15
17,790
7,530
3,959
3,983
-
-
81,775
62,640
1,998
2,155
440
-
10,236
9,588
1,528
-
14,203
11,744
67,572
50,896
3,534
3,802
210
900
3,744
4,702
9,800
8,536
7,878
6,856
3,151
4,125
848
-
4,210
1,026
105
80
3,002
2,517
550
476
475
1,102
3,891
6,865
4,405
5,089
115
-
38,431
36,671
819
572
4,556
4,556
8,556
8,055
543
718
13,655
13,329
18,410
5,027
2024
2023
£
£
£
£
43,768
40,410
16,258
10,702
-
15
17,790
7,530
3,959
3,983
-
-
81,775
62,640
1,998
2,155
440
-
10,236
9,588
1,528
-
14,203
11,744
67,572
50,896
3,534
3,802
210
900
3,744
4,702
9,800
8,536
7,878
6,856
3,151
4,125
848
-
4,210
1,026
105
80
3,002
2,517
550
476
475
1,102
3,891
6,865
4,405
5,089
115
-
38,431
36,671
819
572
4,556
4,556
8,556
8,055
543
718
13,655
13,329
18,410
5,027
1,998
440
10,236
1,528

2,155
-
9,588
-
3,534
210
9,800
7,878
3,151
848
4,210
105
3,002
550
475
3,891
4,405
115


3,802
900

8,536
6,856
4,125
-
1,026
80
2,517
476
1,102
6,865
5,089
-
3,744












38,431
819



13,655
4,702












36,671
572



13,329
4,556
8,556
543


4,556
8,055
718
18,410 5,027
COST
Date Acquired
Pre 2014
Cost
2014
Cost 1 Jan 2014
2031 Access 303
Additons
1781 RS Feva
Additons
Cost 31 Dec 2014
2015
Cost 1 Jan 2015
Additons
PAY000515
Additons
Cost 31 Dec 2015
Cost 1 Jan 2016
2016
Additons
Additons
Cost 31 Dec 2016
Cost 1 Jan 2017
2017
Additons
Additons
Disposals
Cost 31 Dec 2017
2018
Additons
Disposals
Cost 31 Dec 2018
2019
Additons
Cost 31 Dec 2019
2020
Additons
Cost 31 Dec 2020
2021
Additons
Cost 31 Dec 2021
DEPRECIATION
Depreciaton period (years)
Annual Depreciaton
No. Yrs Dep'n to Dec 2013
Dep'n 1 Jan 2014
Charge in year
12/31/2014 Dep'n 31 Dec 2014
Dep'n 1 Jan 2015
Charge in year
12/31/2015 Dep'n 31 Dec 2015
Dep'n 1 Jan 2016
Charge in year
12/31/2016 Dep'n 31 Dec 2016
Dep'n 1 Jan 2017
Charge in year
Disposals
Impairment
12/31/2017 Dep'n 31 Dec 2017
Dep'n 1 Jan 2018
Charge in year
Disposals
12/31/2018 Dep'n 31 Dec 2018
Dep'n 1 Jan 2019
Charge in year
Disposals
12/31/2019 Dep'n 31 Dec 2019
Dep'n 1 Jan 2020
Charge in year
Disposals
12/31/2020 Dep'n 31 Dec 2020
Dep'n 1 Jan 2021
Charge in year
Disposals
12/31/2021 Dep'n 31 Dec 2021
NBV 31 Dec 2014
NBV 31 Dec 2015
NBV 31 Dec 2016
NBV 31 Dec 2017
Clubhouse
additons
Portacabin -
training room
HARTLEY BOATS
-3
2 Projectors & 1
ceiling mount
Highfeld OM460
RIB with Honda
engine
Plant & Equipment - Club boats Plant & Equipment - Club boats Clubhouse Clubhouse Club Equipment Club Equipment Total
Access dinghy
3 Picos
Access dinghy
Access Dinghy
New RIB Hull
Access Dinghy
Access 303
RS Feva
Laser 1 (2018)
2002
2003
2004
2004
2006
2006
2007
2008
2009
2009
2011
2012
2013
17-Feb-14
19-Aug-14
7-May-16
6-Mar-17
1-May-18
30-Sep-18
30-Jun-19
9-Mar-20
18-Mar-21
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 - - - -
6,312
3,450
50hp engine
for RIB
Pioner Rescue
Boat
New Comet
Trio
New Comet
Trio
New Comet
Trio
Engine for
Pioneer
Second hand
displacement
boat
HARTLEY
BOATS -3
Highfeld
OM460 RIB
2 Hansa 303W s
Hartley 15 &
launch trolley
Comet Sails -
Morgan Sails
Comet Sails -
Morgan Sails
Total Boats
115,182
77,850
6,312
3,450
Double glazing
2002
2002
2004
2010
2011
2013
2-Apr-15
10-Dec-15
5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700
5,000 3,000 3,250 13,000 6,000 2,300 - -


Club Room
refurb
Showers
Refurb
New Sewage
Treatment
plant
Kitchen
Refurbishment
Concretng
shoreline
phase 1 &2
Clubhouse
additons
Portacabin -
training room
Total Clubhouse
79,583
32,550
-
-

Flail Mower
Apex Radios
3-Mar-16
11-Nov-19
6-Aug-19
24-Sep-19
16-Sep-19


-


2 Projectors & 1
ceiling mount
Honda 4
stroke brush
cuter
2 Hisense
under counter
fridges
-
-
-
-
Total Club
Equipment
110,400
6,312
3,450
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 - - - - - - 87,612 5,000 3,000 3,250 13,000 6,000 2,300 - - 32,550
-
- 120,162
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 - - 87,612
-
-
5,000 3,000 3,250 13,000 6,000 2,300 - -

44,333

2,700
32,550
44,333
2,700


-
-
-
120,162
44,333
2,700
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 - - - - - - 87,612 5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700 79,583
-
- 167,195
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 - -
11,230
87,612
11,230
-
5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700

79,583
-
-

-

611
-
-
611
167,195
11,230
611
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 - - - - - 98,842 5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700 79,583 611 611 179,036
5,000 5,000 3,000 4,500 12,000 5,000 6,000 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 -
16,340
- 6,000
98,842
16,340
-
5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700

79,583
-
-
611

611
-
-
-
179,036
16,340
-
5,000 5,000 3,000 4,500 12,000 5,000 - 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340 - - - - 109,182 5,000 3,000 3,250 13,000 6,000 2,300 44,333 2,700 79,583 611 611 189,376
11,230 800
- 4,500
12,030
- 4,500


- 3,000
-
- 3,000

-
-
12,030
- 7,500
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340 11,230 800 - - 116,712 5,000 - 3,250 13,000 6,000 2,300 44,333 2,700 76,583 611 611 193,905
6,672 6,672 295 298 1,600 1,395 3,588 10,260
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340 11,230 800 6,672 - 123,384 # 5,000 - 3,250 13,000 6,000 2,300 44,333 2,700 76,583 # 611 295 298 1,600 1,395 4,198 # 204,165
495 495 - - 495
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340 11,230 800 6,672 495 123,879 # 5,000 - 3,250 13,000 6,000 2,300 44,333 2,700 76,583 # 611 295 298 1,600 1,395 4,198 # 204,660
990 990 - - 990
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 6,500 7,500 3,200 6,312 3,450 11,230 16,340 11,230 800 6,672 495 990 124,869 # 5,000 - 3,250 13,000 6,000 2,300 44,333 2,700 76,583 # 611 295 298 1,600 1,395 4,198 # 205,650
10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10
500 500 300 450 1,200 500 - 750 765 500 650 750 320 631 345 1,123 1,634 1,122.98 80.00 667.21 49.50 99.00
11 10 9 9 7 7 6 5 4 4 2 1 -
5,000 5,000 2,700 4,050 8,400 3,500 3,600 3,750 3,060 2,000 1,300 750 - - - - -
- - 300 450 1,200 500 600 750 765 500 650 750 320 526 115
12,121
-
43,110
7,426
15 15 15 15 15 15 15 15

333 200 217 867 400 153 2,956 180

11 11 9 3 2 -
3,667 2,200 1,950 2,600 800 - - -

333 200 217 867 400 153
5,306
-
11,217
2,170
5 5 5 5 5
122 59 60 320 279


-
#
-
-
17,427
-
54,327
9,596
5,000 5,000 3,000 4,500 9,600 4,000 4,200 4,500 3,825 2,500 1,950 1,500 320 526 115 - - - - - - 50,536 4,000 2,400 2,167 3,467 1,200 153 - - 13,387
-
- 63,923
5,000 5,000 3,000 4,500 9,600 4,000 4,200 4,500 3,825 2,500 1,950 1,500 320 526 115 - -
- -
1,200 500 600 750 765 500 650 750 320 631 345
50,536
7,011
4,000 2,400 2,167 3,467 1,200 153 - -

333 200 217 867 400 153 1,970 -
13,387
4,140

-
-
-
63,923
11,152
5,000 5,000 3,000 4,500 10,800 4,500 4,800 5,250 4,590 3,000 2,600 2,250 640 1,157 460 - - - - - - 57,547 4,333 2,600 2,383 4,333 1,600 307 1,970 - 17,527
-
- 75,074
5,000 5,000 3,000 4,500 10,800 4,500 4,800 5,250 4,590 3,000 2,600 2,250 640 1,157 460 -
0
1,200 500 600 750 765 500 650 750 320 631 345 655.07
57,547
7,666
4,333 2,600 2,383 4,333 1,600 307 1,970 -

333 200 217 867 400 153 2,956 180
17,527
5,306

-

91.59
-
92
75,074
13,063
5,000 5,000 3,000 4,500 12,000 5,000 5,400 6,000 5,355 3,500 3,250 3,000 960 1,788 805 655 - - - - - 65,213 4,667 2,800 2,600 5,200 2,000 460 4,926 180 22,833
92
92 88,138
5,000 5,000 3,000 4,500 12,000 5,000 5,400 6,000 5,355 3,500 3,250 3,000 960 1,788 805 655
0
- - - - -
600 750 765 500 650 750 320 631 345 1,123 1,226
- 6,000
65,213
7,660
-
4,667 2,800 2,600 5,200 2,000 460 4,926 180

333 200 217 867 400 153 2,956 180
22,833
5,306
-

92
122
92
122
-
-
88,138
13,087
-
5,000 5,000 3,000 4,500 12,000 5,000 - 6,750 6,120 4,000 3,900 3,750 1,280 2,420 1,150 1,778 1,226 - - - - 66,873 5,000 3,000 2,817 6,067 2,400 613 7,881 360 28,138 214 214 95,225
5,000 5,000 3,000 4,500 12,000 5,000 - 6,750 6,120 4,000 3,900 3,750 1,280 2,420 1,150 1,778 1,226
- - - - - - - 750 765 500 650 750 320 631 345 1,123 1,634 749 20
- 4,500
-
66,873
8,237
- 4,500
5,000 3,000 2,817 6,067 2,400 613 7,881 360

217 867 400 153 2,956 180

- 3,000
-
28,138
4,772
- 3,000

214
122
-
214
122
-
95,225
13,131
- 7,500
5,000 5,000 3,000 - 12,000 5,000 - 7,500 6,885 4,500 4,550 4,500 1,600 3,051 1,495 2,901 2,860 749 20 - - 70,610 5,000 - 3,033 6,933 2,800 767 10,837 540 29,910 336 336 100,856
5,000 5,000 3,000 - 12,000 5,000 - 7,500 6,885 4,500 4,550 4,500 1,600 3,051 1,495 2,901 2,860 749 20
765 500 650 750 320 631 345 1,123 1,634 1,123 80 334
70,610
8,255
# 5,000 - 3,033 6,933 2,800 767 10,837 540
# - - 217 867 400 153 2,956 180
29,910
4,772
-
# 336 - - - -
# 122 4.92 19.87 80.00 69.73
336 #
297 #
- #
100,856
13,324
-
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 5,200 5,250 1,920 3,682 1,840 4,024 4,494 1,872 100 334 - 78,865 5,000 - 3,250 7,800 3,200 920 13,793 720 34,683 458 5 20 80 70 632 114,180
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 5,200 5,250 1,920 3,682 1,840 4,024 4,494 1,872 100 334 -
650 750 320 631 345 1,123 1,634 1,123 80 667 37
78,865
7,323
# 5,000 - 3,250 7,800 3,200 920 13,793 720
# - -
867 400 153 2,956 180
34,683
4,556
-
# 458 5 20 80 70
# 122 59.00 59.60 320.00 278.91
632 #
840 #
- #
114,180
12,719
-
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 5,850 6,000 2,240 4,313 2,185 5,147 6,128 2,995 180 1,001 37 86,225 5,000 - 3,250 8,667 3,600 1,073 16,748 900 39,238 580 64 79 400 349 1,472 126,935
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 5,850 6,000 2,240 4,313 2,185 5,147 6,128 2,995 180 1,001 37 -
650 750 320 631 345 1,123 1,634 1,123 80 667 37 74
86,225
7,435
5,000 - 3,250 8,667 3,600 1,073 16,748 900

- - - 867 400 153 2,956 180
39,238
4,556
-
580 64 79 400 349

31 59 60 320 279
1,472
748
-
126,935
12,738
-
5,000 5,000 3,000 - 12,000 5,000 - 7,500 7,650 5,000 6,500 6,750 2,560 4,944 2,530 6,270 7,762 4,118 260 1,668 74 74 93,660 5,000 - 3,250 9,533 4,000 1,227 19,704 1,080 43,794 611 123 139 720 628 2,220 139,674
- - - - 2,400 1,000 1,800 3,000 3,825 2,500 4,550 6,000 2,880 5,786 3,335 - -
- - - - 1,200 500 1,200 2,250 3,060 2,000 3,900 5,250 2,560 5,155 2,990 - -
- - - - - - 600 1,500 2,295 1,500 3,250 4,500 2,240 4,524 2,645 10,575 -
- - - - - - - 750 1,530 1,000 2,600 3,750 1,920 3,892 2,300 9,452 15,115
37,076
30,065
33,628
42,309
# 1,000 600 1,083 9,533 4,800 2,147 - -
# 667 400 867 8,667 4,400 1,993 42,363 2,700
# 333 200 650 7,800 4,000 1,840 39,407 2,520
# - - 433 6,933 3,600 1,687 36,452 2,340
19,163
62,056
56,751
51,445
# -
# -
# 519
# 397
-
-
- #
- #
519 #
397 #
56,239
92,121
90,898
94,151