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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|





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



|REGISTERED OFFICE:|REGISTERED OFFICE:|Fern Bank,||
|---|---|---|---|
|||Adlams<br>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<br>Accountants||
|||and Registered|Auditors|
|||65 East Street||
|||Bridport||
|||Dorset||
|||DT6 3LB||





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E||E|E|
|INCOME||||||||
|Income and endowments||from:||||||
|Donations<br>and legacies||||140,855|151,700|292,555|274,234|
|Charitable<br>activities:||||||||
|Training<br>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<br>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<br>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<br>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<br>Funds||||49,040||58,535|
|Unrestricted<br>funds||||333,799||205,597|
|Total charity funds||||382,839||264,132|





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|||Notes|2021||2020||
|---|---|---|---|---|---|---|
|||||f||f|
|Net cash flow from operating<br>activities||15||193,328||88,002|
|Cash flow from investing|activities||||||
|Payments to acquire tangible<br>fixed assets|||(44,496)||(11,964)||
|Interest received|||||6||
|Net cash flow from investing<br>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|





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|||||||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|





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||Charitable<br>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<br>fees|||||1,213||525|||||1,213|525|
||Employer<br>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<br>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<br>in||note 17.The costs ofthe||
||remaining<br>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<br>by the||||||charity|during the year was|||as follows:||||
|||||||||||||2021||2020|
|||||||||||||No.||No.|
||Average<br>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<br>Tangible fixed assets|e Financial|Statements<br>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<br>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|





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|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<br>Tools||||||||||
|RONA and Respite|Sailing||||5,620|(3,696)|1,924|76|2,000|
|Mountain<br>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<br>funds||||||||||
|Designated<br>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|





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|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<br>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<br>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|





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