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2020-03-31-accounts

Charity Information
Report ofthe Trustees		2-7
Report ofthe Independent	Examiner
Statement of Financial Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the Financial Statements		12-18

					2020	2019
			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Notes	E	E	E	E
INCOME
Income and endowments Donations and legacies	from:		105,507	168,727	274,234	324,084
Charitable activities: Training and educational	activities			223,755	223,755	130,313
Other trading activities: Sale ofgoods and services by students				12,619	12,619	6,589 1,155
Fund raising events
Investment income (Bank	interest)
Total incoming resources			105,507	405,107	510,614	462,141
EXPENDITURE ON: Raising funds				34,535	34,535	41,256
Charitable activities			79,402	313,312	392,714	309,620
Total expenditure			79,402	347,847	427,249	350,876
Net income/(expenditure)	before transfers		26,105	57,260	83,365	111,265
Transfers between funds Net Movement in Funds	for the year		(2,000) 24,105	2,000 59,260	83,365	111,265
Total Funds: Brought Forward			34,430	146,337	180,767	69,502
Carried Forward			58,535	205,597	264,132	180,767

			2020		2019
		Notes
Fixed Assets Tangible assets Investments		9 10		49,194 100 49,294		52,119 100 52,219
Current assets
Sundry Debtors and Cash at bank and in	Prepayments hand		60,065 184,296		30,255 108,252
			244,361		138,507
Creditors: Amounts year	falling due within one	12	29,523		9,959
Net current assets				214,838		128,548
Total assets less current liabilities				264,132		180,767
The funds ofthe charity: Restricted Funds		14		58,535		34,430
Unrestricted funds				205,597		146,337
Total charity funds				264,132		180,767

As a	t 31st March	2020
	Notes	2020	f	2019	f
Net cash flow from operating activities	15		88,002		88,766
Cash flow from investing activities Payments to acquire tangible fixed assets Interest received		(11,964) 6		(38,451)
Net cash flow from investing activities			(11,958)		(38,451)
Net increase / (decrease) in cash and cash equivalents			76,044		50,315
Cash and cash equivalents at 1stApril 2019			108,252		57,937
Cash and cash equivalents at 31stMarch 2020			184,298		108,292

	Donations andlegacies
				Restricted f	Unrestricted f	2020 f	2019 f
	Donations and gifts Gift Aid Donations in kind (materials Grants received		for activities) 105,507 105,507		71,198 25,000 4,279 68,250 168,727	71,198 25,000 4,279 173,757 274,234	132,225 25,000 23,862 142,997 324,034
	2019 Donations and gifts Gift Aid Donations in kind Grants received			96,897 96,897	f 132,225 25,000 23,862 46,100 227,187	f 132,225 25,000 23,862 142,997 324,084	f 198,126 3,392 43,800 245,328
4	Training and educational	activities income				2020	2019
						f	f
	Fees charged					223,755	130,313
	Grants received					223,755	130,313
5	Other costs of raising funds					2020	2019
						f	f
	Fundraising event costs Fundraising consultancy Advertising and marketing		(including	consultancy)		15,063 19,472 34,535	577 30,483 10,196 41,255

Charitable activities costs
	Operational		Support		Total
	2020 f	2019 f	2020 f	2019 f	2020 f	2019 f
Direct labour	189,133	105,956			189,133	105,956
Activity costs Consultancy fees Employer Nl Pension costs	34,419 525 9,777 3,516	37,203 210 7,565 2,779			34,419 525 9,777 3,516	37,203 210 7,565 2,779
Depreciation Insurance	14,889	23,728	5,203	5,234	14,889 5,203	23,728 5,234
ITexpenses Motor 8 travel expenses Office expenses Property costs Other staff costs Support staff Accountancy fees	15,866 80,180 348,305	16,072 71,910 265,423	1,199 20,868 5,225 7,406 4,508 44,409	1,224 19,212 6,060 7,160 5,307 44,197	1,199 20,868 5,225 15,866 7,406 80,180 4,508 392,714	1,224 19,212 6,060 16,072 7,160 71,910 5,307 309,620

	remaining sta	f	f were:
							2020	2019
							f	f
	Wages and salaries Contract staff						175,621 93,168	128,357 48,390
	Socia I security Pension costs		costs				9,777 3,516	7,564 2,779
							282,082	187,090
	No employees		had earnings		more than f60,000 (2019-none).
	The number	ofstaff employed by the charity during the year was as follows: 2020						2019
							No.	No.
	Average full	time equivelent			number of	staff employed	~2.
	The average	number of		staff employed		(Headcount)
8	Net income/		(expenditure)		for the year
	This is stated		after charging:
							2020	2019
							f
	Depreciation Independent		oftangible examiner's	fixed assets remuneration			14,889 3,600	23,729 3,600

Tangible fixed assets
		Leasehold	Fixtures
		improve-	fittings &		Motor
		ments	equipment	Boats	vehicles	Total
		f	f	f	f	f
Cost or valuation
As at 1April 2019		4,411	20,108	70,424	10,540	105,483
Additions		2,033	1,680	2,501	5,750	11,964
As at 31March 2020		6,444	21,788	72,925	16,290	117,447
Depreciation
As at 1April 2019		735	17,026	32,655	2,948	53,364
Charge for the year		1,074	2,404	8,153	3,258	14,889
As at 31March 2020		1,809	19,430	40,808	6,206	68,253
Net book value
As at 31March 2020		4,635	2,358	32,117	10,084	49,194
As at 31March 2019		3,676	3,082	37,769	7,592	52,119
Investments
					2020	2019
					f	f
OarsomeChance(Tdi)	Ltd				100	100

			2020	2019
			f	f
Operational	debtors		31,253	1,386
Gift aid tax	refundable		25,000	25,000
Other debtors and prepayments			3,812	3,869
			60,065	30,255
Creditors:	Amounts	falling due within one year
			2020	2019
			f	f
Operational	creditors		2,768	1,312
Social security and other taxes			3,375	2,574
Other creditors and accruals			23,380	6,073
			29,523	9,959

Funds
					0104 19 f	Incoming resources f	Resources expended f	Net Movement f	Transfers f	31.03.20 f.
Restricted funds
Pfizer Community	Fund					2,000		2,000	(2,000)
Canvas Works Ernest Hecht CF Rowing activities						17,899 2,500 21,962	(17,899) (2,254) (20,293)	246 1,669		246 1,669
Fastnet entry Postcode Community Trust Apprenticeships Social Investment Business For 2020-21 projects					20,000 14,430 34,430	3,000 12,096 14,430 31,620 105,507	(3,000) (7,096) (28,860) (79,402)	5,000 (14,430) 31,620 26,105	(2,000)	20,000 5,000 31,620 58,535
Unrestricted funds Designated fixed asset General fund Total			fund		52,219 94,118 146,337 180,767	405,107 405,107 510,614	(347,847) (347,847) (427,249)	57,260 57,260 83,365	(2,925) 4,925 2,000	49,294 156,303 205,597 264,132
2019
Restricted funds
Energise Me					4,558		(4,558)	(4,558)
Canvas Works						31,636	(31,636)
Awards For All					10,000		(10,000)	(10,000)
BBCWe//come Curiosity				Fund	8,800		(8,800)	(8,800)
Cowes week Postcode Community			Trust		5,000	8,500 20,000	(13,500)	(5,000) 20,000		20,000
Apprenticeships Social Investment	Business					3,315 14,430	(3,315)	14,430		14,430
Other projects					28,358	19,016 96,897	(19,016) (90,825)	6,072		34,430
Unrestricted funds
Designated fixed	asset			fund	37,497				14,722	52,219
General fund					3,647	365,244	(260,051)	105,193	(14,722)	94,118
					69,502	462,141	(350,876)	111,265		180,767

Analysis of fund balances between net	assets
			Total
	Designated	General	Unrestricted	Restricted
	funds f	funds f	funds f	funds f	Total f
Tangible fixed assets Investments Current assets Current liabilities	49,194 100	185,826 (29,523)	49,194 100 185,826 (29,523)	58,535	49,194 100 244,361 (29,523)
Total funds	49,294	156,303	205,597	58,535	264,132
2018 Tangible fixed assets Investments Current assets Current liabilities	f 52,119 100	104,077 (9,959)	52,119 100 104,077 (9,959)	34,430	52,119 100 138,507 (9,959)
Total funds	52,219	94,118	146,337	34,430	180,767

econciliation ofnet i	ncome /	(expenditure) to net cash flow f	rom operating activities
			2020	2019
			f	f
Net income for year			83,365	111,265
Interest receivable			(6)
Depreciation and impairment oftangible fixed assets (Increase) / decrease in debtors Increase / (decrease) in creditors			14,889 (29,810) 19,564	23,729 (2,476) (43,752)
Net cash flow from operating		activities	88,002	88,766