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|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|





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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|E|E|E|E|
|INCOME|||||||
|Income and endowments<br>Donations<br>and legacies|from:||105,507|168,727|274,234|324,084|
|Charitable<br>activities:<br>Training and educational|activities|||223,755|223,755|130,313|
|Other trading activities:<br>Sale ofgoods and services by students||||12,619|12,619|6,589<br>1,155|
|Fund raising events|||||||
|Investment<br>income (Bank|interest)||||||
|Total incoming resources|||105,507|405,107|510,614|462,141|
|EXPENDITURE ON:<br>Raising funds||||34,535|34,535|41,256|
|Charitable<br>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<br>funds<br>Net Movement<br>in Funds|for the year||(2,000)<br>24,105|2,000<br>59,260|83,365|111,265|
|Total Funds:<br>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<br>Tangible assets<br>Investments||9<br>10||49,194<br>100<br>49,294||52,119<br>100<br>52,219|
|Current assets|||||||
|Sundry Debtors and <br>Cash at bank and in|Prepayments<br> hand||60,065<br>184,296||30,255<br>108,252||
||||244,361||138,507||
|Creditors: Amounts<br>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:<br>Restricted<br>Funds||14||58,535||34,430|
|Unrestricted<br>funds||||205,597||146,337|
|Total charity funds||||264,132||180,767|






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





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||Donations<br>andlegacies|||||||
|---|---|---|---|---|---|---|---|
|||||Restricted<br>f|Unrestricted<br>f|2020<br>f|2019<br>f|
||Donations<br>and gifts<br>Gift Aid<br>Donations<br>in kind (materials <br>Grants received||for activities)<br>105,507<br>105,507||71,198<br>25,000<br>4,279<br>68,250<br>168,727|71,198<br>25,000<br>4,279<br>173,757<br>274,234|132,225<br>25,000<br>23,862<br>142,997<br>324,034|
||2019<br>Donations and gifts<br>Gift Aid<br>Donations in kind<br>Grants received|||96,897<br>96,897|f<br>132,225<br>25,000<br>23,862<br>46,100<br>227,187|f<br>132,225<br>25,000<br>23,862<br>142,997<br>324,084|f<br>198,126<br>3,392<br>43,800<br>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<br>event costs<br>Fundraising<br>consultancy<br>Advertising<br>and marketing||(including|consultancy)||15,063<br>19,472<br>34,535|577<br>30,483<br>10,196<br>41,255|



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



||remaining<br>sta|f|f were:||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||f|f|
||Wages and salaries<br>Contract staff||||||175,621<br>93,168|128,357<br>48,390|
||Socia I security <br>Pension costs||costs||||9,777<br>3,516|7,564<br>2,779|
||||||||282,082|187,090|
||No employees||had earnings||more than f60,000 (2019-none).||||
||The number|ofstaff employed<br>by the charity during the year was as follows:<br>2020||||||2019|
||||||||No.|No.|
||Average<br>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<br>Independent||oftangible<br>examiner's|fixed assets<br>remuneration|||14,889<br>3,600|23,729<br>3,600|





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|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|



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||||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<br>f|Incoming<br>resources<br>f|Resources<br>expended<br>f|Net<br>Movement<br>f|Transfers<br>f|31.03.20<br>f.|
|Restricted funds|||||||||||
|Pfizer Community|Fund|||||2,000||2,000|(2,000)||
|Canvas Works<br>Ernest Hecht CF<br>Rowing activities||||||17,899<br>2,500<br>21,962|(17,899)<br>(2,254)<br>(20,293)|246<br>1,669||246<br>1,669|
|Fastnet entry<br>Postcode Community<br>Trust<br>Apprenticeships<br>Social Investment<br>Business<br>For 2020-21 projects|||||20,000<br>14,430<br>34,430|3,000<br>12,096<br>14,430<br>31,620<br>105,507|(3,000)<br>(7,096)<br>(28,860)<br>(79,402)|5,000<br>(14,430)<br>31,620<br>26,105|(2,000)|20,000<br>5,000<br>31,620<br>58,535|
|Unrestricted<br>funds<br>Designated<br>fixed asset <br>General fund<br>Total|||fund||52,219<br>94,118<br>146,337<br>180,767|405,107<br>405,107<br>510,614|(347,847)<br>(347,847)<br>(427,249)|57,260<br>57,260<br>83,365|(2,925)<br>4,925<br>2,000|49,294<br>156,303<br>205,597<br>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<br>Curiosity||||Fund|8,800||(8,800)|(8,800)|||
|Cowes week<br>Postcode Community|||Trust||5,000|8,500<br>20,000|(13,500)|(5,000)<br>20,000||20,000|
|Apprenticeships<br>Social Investment|Business|||||3,315<br>14,430|(3,315)|14,430||14,430|
|Other projects|||||28,358|19,016<br>96,897|(19,016)<br>(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|





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



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



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