ROYAL DART YOUTH SAILING TRUST Registered Charity Number : 1167579
ANNUAL REPORT AND FINANCIAL STATEMENTS Period 1 January 2020 to 31 December 2020
TRUSTEES REPORT
Like so much else, restrictions imposed in response to the pandemic totally scuppered all our plans to get local children out on the water in 2020.
Obviously, income and expenditure were both well down on previous years but actually ended with total funds on the balance sheet unchanged on the prior year. The lower fixed asset value due to depreciating the dinghy fleet over five years was almost exactly offset by higher cash reserves at year end. However, a large proportion of that money came from the transfer of funds from the cancelled Mayflower 400 programme and that comes with an obligation to organise expeditions for deserving local children at sea aboard ‘Prolific’ and ‘Pilgrim’ in 2021 that will cost us significantly more. Nonetheless, these are very exciting opportunities that we had already decided to sponsor.
There has been a considerable turnover of trustees over the year. To those moving on, many thanks for their contribution, and a warm welcome to those joining. We look forward to being permitted to meet up together again.
While not being allowed out on the water, trustees kept busy maintaining the assets and planning for events in 2021 when restrictions are relaxed. Indeed, the Trust has potentially its busiest season ahead. Let’s hope.
Ian McClelland
Chair of Trustees 2[nd] July 2021
Royal Dart Youth Sailing Trust - 1167579 Statement of Financial Activities For the period from 01 January 2020 to 31 December 2020
| Unrestricted Funds Restricted Funds Endowment Funds Total Funds Total Funds Prior Year |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Investments Other income Grants and Funding Total income Expenditure on: Raising funds Expenditure on charitable activities Other expenditure Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Fixed Assets Youth Sailing Restricted New Boat Restricted Youth Sailing Restricted |
10,031 4,000 — 14,031 34,683 — — — — — 4 — — 4 23 271 — — 271 272 — — — — — |
| 10,307 4,000 — 14,307 34,979 48 — — 48 1 14,115 378 — 14,494 18,205 — — — — — |
|
| 14,164 378 — 14,543 18,206 — — — — — |
|
| (3,857) 3,621 — (236) 16,772 7,622 — — 7,622 29,868 (7,622) — — (7,622) (29,868) — — — — — |
|
| (3,857) 3,621 — (236) 16,772 |
|
| 50,780 — — 50,780 34,007 |
|
| 46,922 3,621 — 50,543 50,780 8,899 — — 8,899 6,531 38,022 — — 38,022 44,248 — — — — — — — — — — — 3,621 — 3,621 — |
|
| 46,922 3,621 — 50,543 50,780 |
Royal Dart Youth Sailing Trust - 1167579 Balance Sheet
31 December 2020
| Fixed assets Boats - Quests Boats - Seascape Boats - Fevas Tetradock Total Fixed Assets Current assets Bank current account Bank deposit account Other Debtors Total Current Assets Total Net Assets Reserves Excess / (deficit) to date Starting balances Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
As at As at 31/12/2020 31/12/2019 13,468 20,203 11,700 15,600 11,573 8,445 1,280 — |
|---|---|
| 38,022 44,248 1,454 568 10,882 5,527 185 435 |
|
| 12,521 6,531 |
|
| 50,543 50,780 |
|
| (236) 16,772 50,780 34,007 |
|
| 50,543 50,780 |
|
| 8,899 6,531 38,022 44,248 3,621 — — — |
|
| 50,543 50,780 |
Royal Dart Youth Sailing Trust - 1167579 Fund Movement by Type For the period from 01 January 2020 to 31 December 2020
| Fund Balances b/f Incoming Resources Outgoing resources Transfers Gains/ Losses Fund balances **c/f ** |
|
|---|---|
| FAQ - Fixed Assets Designated Sub-total for FAQ YSU - Youth Sailing Designated Sub-total for YSU NBR - New Boat Restricted Restricted Sub-total for NBR YSR - Youth Sailing Restri Restricted Sub-total for YSR General - General fund Unrestricted Sub-total for General Grand total |
44,248 — 13,847 7,622 — 38,022 |
| 44,248 — 13,847 7,622 — 38,022 — — — — — — |
|
| — — — — — — — — — — — — |
|
| — — — — — — — 4,000 378 — — 3,621 |
|
| — 4,000 378 — — 3,621 6,531 10,307 316 (7,622) — 8,899 |
|
| 6,531 10,307 316 (7,622) — 8,899 |
|
| 50,780 14,307 14,543 — — 50,543 |