2021-03-31-accounts - Oarsome Chance

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Charity Information
Report ofthe Trustees		2-8
Report ofthe Independent	Examiner
Statement of Financial Activities		10
Balance Sheet
Statement: ofCash Flows		12
Notes to the Financial Statements		13-20

Mr	Paul O' Grady
Mrs	Emma O' Grady
Mr	Rod Ashman	(appointed	Chair 21June 2021)
Mr	Ross Daniel
Mrs	Kate Ashman
Mrs	Amanda Powell
Mr	Stephen Carr
Mr	Nick Walters	(appointed	14Sept 2020)

REGISTERED OFFICE:	REGISTERED OFFICE:	Fern Bank,
		Adlams Lane,
		Sway, Lymington,
		Hants,
		50416EG
REGISTERED COMPANY NUMBER:		9829935
REGISTERED CHARITY NUMBER:		1167787
BANKERS:		HSBC Bank pic
		1Middle Street
		Yeovil
		Somerset BA20	1LR
INDEPENDENT	EXAMINER:	Marcus Cridland	B.A.(Hons) F.C.A.
		Scott Vevers Ltd.
		Chartered Accountants
		and Registered	Auditors
		65 East Street
		Bridport
		Dorset
		DT6 3LB

						2021	2020
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
			Notes	E		E	E
INCOME
Income and endowments		from:
Donations and legacies				140,855	151,700	292,555	274,234
Charitable activities:
Training and educational		activities			385,568	385,568	223,755
Other trading activities:
Sale ofgoods and	services by students				11,256	11,256	12,619
Fund raising events
investment income	(Bank	interest)
Total incoming resources				140,855	548,524	689,379	510,614
EXPENDITURE ON:
Raising funds					32,468	32,468	34,535
Charitable activities				131,103	407,101	538,204	392,714
Total expenditure				131,103	439,569	570,672	427,249
Net income/(expenditure)		before transfers		9,752	108,955	118,707	83,365
Transfers between	funds			(19,247)	19,247
Net Movement in Funds		for the year		(9,495)	128,202	118,707	83,365
Total Funds:
Brought Forward				58,535	205,597	264,132	180,767
Carried Forward				49,040	333,799	382,839	264,132

			2021		2020
		Notes
Fixed Assets
Tangible assets		9		63,349		49,194
Investments		10		100		100
				63,449		49,294
Current assets
Sundry Debtors and	Prepayments		4,325		60,065
Cash at bank and in	hand		333,128		184,296
			337,453		244,361
Creditors: Amounts	falling due within one
year		12	18,063		29,523
Net current assets				319,390		214,838
Total assets less current liabilities				382,839		264,132
The funds ofthe charity:		14
Restricted Funds				49,040		58,535
Unrestricted funds				333,799		205,597
Total charity funds				382,839		264,132

		Notes	2021		2020
				f		f
Net cash flow from operating activities		15		193,328		88,002
Cash flow from investing	activities
Payments to acquire tangible fixed assets			(44,496)		(11,964)
Interest received					6
Net cash flow from investing activities				(44,496)		(11,958)
Net increase / (decrease)	in cash and cash equivalents			148,832		76,044
Cash and cash equivalents	at 1stApril 2020			184,296		108,252
Cash and cash equivalents	at 31st March 2021			333,128		184,296

						Restricted	Unrestricted	2021	2020
						f	f	f	f
	Donations	and gifts				2,000	38,070	40,070	71,198
	Gift Aid						25,000	25,000	25,000
	Donations	in	kind (materials		for activities)		2,905	2,905	4,279
	Grants received					138,855	85,725	224,580	173,757
						140,855	151,700	292,555	274,234
			2020				f	f	f
	Donations	and gifts					71,198	71,198	132,225
	Gift Aid						25,000	25,000	25,000
	Donations	in	kind				4,279	4,279	23,862
	Grants received					105,507	68,250	173,757	142,997
						105,507	168,727	274,234	324,084
4	Training and		educational	activities		income
								2021	2020
								f	f
	Fees charged							347,238	223,755
	Grants received							38,330
								385,568	223,755
5	Other costs		of raising funds
								2021	2020
								f	f
	Fundraising		event costs
	Fundraising		consultancy					18,208	15,063
	Advertising		and marketing		(including	consultancy)		14,260	19,472
								32,468	34,535

	Charitable acti	v	ities c	ost	s
						Operational					Support		Total
						2021		2020	2021			2020	2021	2020
						f		f		f		f	f
	Direct labour					248,850		189,133					248,850	189,133
	Activity costs					48,497		34,419					48,497	34,419
	Consultancy fees					1,213		525					1,213	525
	Employer Nl					17,580		9,777					17,580	9,777
	Pension costs					5,517		3,516					5,517	3,516
	Depreciation					26,037		14,889					26,037	14,889
	Profit/ loss on	disposal				4,204							4,204
	Insurance									5,370		5,203	5,370	5,203
	ITexpenses									1,085		1,199	1,085	1,199
	Motor &travel		expenses						24,505			20,868	24,505	20,868
	Office expenses								17,319			5,225	17,319	5,225
	Property costs					23,432		15,866					23,432	15,866
	Other staff costs									8,007		7,406	8,007	7,406
	Support staff					100,024		80,180					100,024	80,180
	Accountancy fees									6,564		4,508	6,564	4,508
						475,354		348,305	62,850			44,409	538,204	392,714
7	Staff costs
	Details ofremuneration				and	expenses	paid to trustees		during	the	Year are given in		note 17.The costs ofthe
	remaining staff		were:
												2021		2020
												f		f
	Wages and salaries											288,372		175,621
	Contract staff											60,502		93,168
	Social security	costs										17,580		9,777
	Pension costs											5,517		3,516
												371,971		282,082
	No employees		had earnings			more than	f60,000(2020- none).
	The number ofstaff employed by the						charity	during the year was			as follows:
												2021		2020
												No.		No.
	Average full time equivalent					number ofstaff		employed						12.0
	The average number			of	staff	employed	(Headcount)
8	Net income/	(expenditure)				for the year
	This is stated	after charging:
												2021		2020
												f		f
	Depreciation	oftangible			fixed assets							26,037		14,889
	Profit/ loss on		disposal									4,204
	Independent	examiner's			remuneration							3,600		3,600

9	Notes toth Tangible fixed assets	e Financial	Statements For T	he Year Ended	31' March 2	021
			Leasehold	Fixtures
			improve-	fittings &		Motor
			ments	equipment	Boats	vehicles	Total
			f	f	f		f
	Cost or valuation
	As at 1April 2020		6,444	21,788	72,925	16,290	117,447
	Additions		1,338	3,940	6,762	32,456	44,496
	Disposals				(7,220)	(2,400)	(9,620)
	As at 31March 2021		7,782	25,728	72,467	46,346	152,323
	Depreciation
	As at 1April 2020		1,809	19,430	40,808	6,206	68,253
	Charge for the year		1,297	2,586	12,885	9,269	26,037
	Eliminated on disposals				(3,876)	(1,440)	(5,316)
	As at 31March 2021		3,106	22,016	49,817	14,035	88,974
	Net book value
	As at 31March 2021		4,676	3,712	22,650	32,311	63,349
	As at 31March 2020		4,635	2,358	32,117	10,084	49,194
10	Investments
						2021	2020
						f	f
	OarsomeChance(Tradin)	Ltd				100	100

			2021	2020
			f	f
Operational	debtors		25	31,253
Gift aid tax	refundable			25,000
Other debtors and prepayments			4,300	3,812
			4,325	60,065
Creditors:	Amounts	falling due within one year
			2021	2020
			f	f
Operational	creditors		4,534	2,768
Social security and other taxes			5,433	3,375
Other creditors and accruals			8,096	23,380
			18,063	29,523

Funds
					Incoming	Resources	Net:
				010420	resources	expended	Movement	Transfers	31.03.21
				f	f	f	f	f	f
Restricted funds
Pfizer Community	Fund
Canvas Works					5,000	(5,003)	(3)	3
Ernest Hecht CF				246	2,500	(1,492)	1,008	(1,254)
Rowing activities				1,669	17,844	(15,810)	2,034	(371)	3,332
Fastnet entry
Postcode Community		Trust		20,000		(20,585)	(20,585)	585
Apprenticeships				5,000	3,000	(7,833)	(4,833)	(167)
Social Investment	Business
Bike Helmets					300	(30)	270	30	300
Extended Support				26,000	20,000	(38,269)	(18,269)		7,731
Programme
Covid-19 Funding					27,100	(29,958)	(2,858)	2,920
Electric Mini Van					18,000	(1,500)	16,500	(16,500)
Post 16Provisions					25,000	(5,453)	19,547		19,547
Post 16Sailing Training					8,040	(156)	7,884		7,884
Bike Club					2,851		2,851		2,851
Hoist for Apex and					5,600	(267)	5,333		5,333
Engineering Tools
RONA and Respite	Sailing				5,620	(3,696)	1,924	76	2,000
Mountain Bikes				5,620		(1,051)	(1,051)	(4,569)
For 2021-22 projects
				58,535	140,855	(131,103)	9,752	(19,247)	49,040
Unrestricted funds
Designated fixed asset			fund	49,294				14,155	63,449
General fund				156,303	548,524	(439,569)	108,955	5,092	270,350
				205,597	548,524	(439,569)	108,955	19,247	333,799
Total				264,132	689,379	(570,672)	118,707		382,839
2020
Restricted funds
Pfizer Community	Fund				2,000		2,000	(2,000)
Canvas Works					17,899	(27,899)
Ernest Hecht CF					2,500	(2,254)	246		246
Rowing activities					21,962	(20,293)	1,669		1,669
Fastnet entry					3,000	(3,000)
Postcode Community			Trust	20,000					20,000
Apprenticeships					12,096	(7,096)	5,000		5,000
Social Investment	Business			24,430	14,430	(28,860)	(14,430)
For2020-21 projects					31,620		32,620		31,620
				34,430	105,507	(79,402)	26,205	(2,000)	58,535
Unrestricted funds
Designated fixed	asset fund			52,229				(2,925)	49,294
General fund				94,118	405,107	(347,847)	57,260	4,925	156,303
				180,767	510,624	(427,249)	83,365		264,232

14	Analysis offun	d bala	nces bet	ween net a	sset	s
								Total
					Designated		General	Unrestricted	Restricted
						funds	funds	funds	funds	Total
						f	f	f		f
	Tangible fixed	assets				63,349		63,349		63,349
	Investments					100		100		100
	Current assets						288,413	288,413	49,040	337,453
	Current liabilities						(18,063)	(18,063)		(18,063)
	Total funds					63,449	270,350	333,799	49,040	382,839
	2020							f		f
	Tangible fixed	assets				49,194		49,194		49,194
	Investments					100		100		100
	Current assets						185,826	185,826	58,535	244,361
	Current liabilities						(29,523)	(29,523)		(29,523)
	Totalfunds					49,294	156,303	205,597	58,535	264,132
15	Reconciliation	ofnet	income / (expenditure)			to net cash	flow from operating activities
								2021		2020
								f		f
	Net income for year							118,707		83,365
	Interest receivable									(6)
	Depreciation	and impairment		oftangible	fixed assets			26,037		14,889
	Disposal offixed assets							4,304
	(Increase) / decrease		in debtors					55,740		(29,810)
	Increase / (decrease)		in creditors					(11,460)		19,564
	Net cash flow	from operating		activities				193,328		88,002