| Charity Information | ||
|---|---|---|
| Report ofthe Trustees | 2-8 | |
| Report ofthe Independent | Examiner | |
| Statement ofFinancial Activities | 10 | |
| Balance Sheet | ||
| Statement of Cash Flows |
12 | |
| Notes to the Financial Statements | 13-21 |
| REGISTERED OFFICE: | REGISTERED OFFICE: | The Boathouse | |
|---|---|---|---|
| StVincent College, | |||
| Mill Lane, | |||
| Gasport | |||
| Hants, | |||
| PO12 4QA | |||
| 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. | |||
| 65 East Street | |||
| Bridport | |||
| Dorset | |||
| DT6 3LB |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | f | f | ||
| INCOME | ||||||
| Income and endowments | from: | |||||
| Donations and legacies |
161,427 | 46,365 | 207,792 | 338,936 | ||
| Charitable activities: |
||||||
| Training and educational |
activities | 365,301 | 365,301 | 459,111 | ||
| Other trading activities: | ||||||
| Sale ofgoods and services by students | 4,677 | 4,677 | 21,039 | |||
| Total incoming resources | 161,427 | 416,343 | 577,770 | 819,086 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 42,184 | 42,184 | 16,514 | |||
| Charitable activities |
141,975 | 582,529 | 724,504 | 736,883 | ||
| Total expenditure | 141,975 | 624,713 | 766,688 | 753,397 | ||
| Net income/(expenditure) | before transfers | 19,452 | (208,370) | (188,918) | 65,689 | |
| Transfers between funds |
884 | (884) | ||||
| Net Movement in Funds |
for the year | 20,336 | (209,254) | (188,918) | 65,689 | |
| Total Funds: | ||||||
| Brought Forward | 51,887 | 396,641 | 448,528 | 382,839 | ||
| Carried Forward | 72,223 | 187,387 | 259,610 | 448„528 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| f | |||||
| Net cash flow from operating activities |
17 | (131,648) | 96,525 | ||
| Cash flow from investing activities |
|||||
| Payments to acquire tangible fixed assets | (5,914) | (75,265) | |||
| Receipts from sales oftangible fixed assets | 2,168 | ||||
| Net cash flow from investing activities |
(3,746) | (75,265) | |||
| Net increase / (decrease) in cash and cash equivalents | (135,394) | 21,260 | |||
| Cash and cash equivalents at 1April 2022 |
354,388 | 333,128 | |||
| Cash and cash equivalents at 31March 2023 |
218,994 | 354,388 |
| 3 | Donations | and legacies | |||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | 2023 | 2022 | ||||
| f | f | f | |||||
| Donations | and gifts | 4,443 | 4,443 | 10,842 | |||
| Gift Aid | 22 | 22 | 25,000 | ||||
| Donations | in kind | 3,000 | |||||
| Grants received | 161,427 | 41,900 | 203,327 | 300,094 | |||
| 161,427 | 46,365 | 207,792 | 338,936 | ||||
| 4 | Training and educational | activities | |||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Fees charged | 307,379 | 329,585 | |||||
| Grants received | 57,922 | 129,526 | |||||
| 365,301 | 459,111 |
| 5 | Raising funds | Raising funds | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f | f | |||||
| Fundraising | consultancy | 35,296 | 12,780 | |||
| Advertising | and marketing | (including | consultancy) | 6,888 | 3,734 | |
| 42,184 | 16,514 |
| Charitable activities |
||||||
|---|---|---|---|---|---|---|
| Operational | Support | Total | ||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |
| f | f | f | f | f | f | |
| Direct labour | 267,695 | 325,044 | 267,695 | 325,044 | ||
| Activity costs | 44,045 | 63,832 | 44,045 | 63,832 | ||
| Consultancy fees |
32,086 | 40,054 | 32,086 | 40,054 | ||
| Depreciation | 24,833 | 25,331 | 24,833 | 25,331 | ||
| Loss on disposal ofassets | 1,875 | 4,060 | 1,875 | 4,060 | ||
| Insurance | 5,785 | 5,057 | 5,785 | 5,057 | ||
| ITexpenses | 3,392 | 4,571 | 3,392 | 4,571 | ||
| Motor gt travel expenses | 24,817 | 40,510 | 24,817 | 40,510 | ||
| Office expenses | 13,391 | 9,666 | 13,391 | 9,666 | ||
| Property costs | 48„096 | 35,110 | 48,096 | 35,110 | ||
| Other staff costs | 9,054 | 10,495 | 9,054 | 10,495 | ||
| Support staff | 215,409 | 168,463 | 215,409 | 168,463 | ||
| Accountancy fees |
34,026 | 4,690 | 34,026 | 4,690 | ||
| 634,039 | 661,894 | 90,465 | 74,989 | 724,504 | 736,883 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | f | ||||||||
| Wages and salaries | 457,558 | 423,820 | |||||||
| Contract staff | 16,258 | 33,605 | |||||||
| Social security | costs | 36,611 | 28,417 | ||||||
| Pension costs | 7,779 | 7,631 | |||||||
| 518,206 | 493,473 | ||||||||
| One employee | had earnings | more than | f60,000(2022 - none). | ||||||
| The number | ofstaff employed | by the charity during the year was as follows: | |||||||
| 2023 | 2022 | ||||||||
| No. | No. | ||||||||
| Average full |
time equivalent | number of | staff employed | 1538 | 1LlQ | ||||
| The average | number of | staff employed | (headcount) | 1KQ | 2RQ | ||||
| 8 | Net income/ | (expenditure) | forthe year | ||||||
| This is stated | after charging: | ||||||||
| 2023 | 2022 | ||||||||
| f | f | ||||||||
| Depreciation | oftangible | fixed | assets | 24,833 | 25,331 | ||||
| Loss on disposal oftangible | assets | 1,875 | 4,060 | ||||||
| Independent | examiner's | remuneration | 4,063 | 3,780 |
| 9 | Notes Tangible fixed assets |
to the | Financial St | atements For T |
atements For T |
he Year Ended 3 | he Year Ended 3 | 1March 202 | 3 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Leasehold | Fixtures | |||||||||
| improve- | fittings & | Motor | ||||||||
| ments | equipment | Boats | vehicles | Total | ||||||
| f | f | f | f | f | ||||||
| Cost or valuation | ||||||||||
| As at 1April 2022 | 7,782 | 33,588 | 96,086 | 84,331 | 221,787 | |||||
| Additions | 2,100 | 3,527 | 287 | 5,914 | ||||||
| Disposais | (369) | (15,758) | (2,593) | (4,800) | (23,520) | |||||
| As at 31March 2023 | 9,513 | 21,357 | 93,493 | 79,818 | 204,181 | |||||
| Depreciation | ||||||||||
| As at 1April 2022 | 4,403 | 25,984 | 59,414 | 22,764 | 112,565 | |||||
| Charge for the year | 1,323 | 3,324 | 7,339 | 12,847 | 24,833 | |||||
| Eliminated on disposals |
(136) | (15,758) | (1,033) | (2,550) | (19,477) | |||||
| As at 31March 2023 | 5,590 | 13,550 | 65,720 | 33,061 | 117,921 | |||||
| Net book value | ||||||||||
| As at 31March 2023 | 3,923 | 7,807 | 27,773 | 46,757 | 86,260 | |||||
| As at 31March 2022 | 3,379 | 7,604 | 36,672 | 61,567 | 109,222 | |||||
| 10 | Investments | |||||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Oarsome Chance (Trading) | Ltd | 100 | 100 | |||||||
| Oarsome Chance (Trading) | Ltd was formed to carry | out | trading activities | for the charity, which | holds 100% | |||||
| ofthe issued share capital. | The company | remained | dormant | throughout | the period. | |||||
| 11 | Debtors | |||||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Operational debtors |
107,575 | 9,419 | ||||||||
| Other debtors and prepayments | 11„438 | 9,382 | ||||||||
| 119,013 | 18,801 | |||||||||
| 12 | Creditors: Amounts | falling | due within | one year | ||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Operational creditors |
13,747 | 12,790 | ||||||||
| Social security and other taxes | 9,740 | 10,831 | ||||||||
| Other creditors and accruals | 141,270 | 10,362 | ||||||||
| 164,757 | 33,983 |
| Funds | |||||||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Net | |||||
| 01.04.22 | resources | expended | movement | Transfers | 31.03.23 | ||
| f | f | f | f | f | f | ||
| Restricted funds | |||||||
| Energise YOUth (Energise | 1,325 | (1,278) | (1,278) | (47) | |||
| Alpkit Foundation | 534 | (534) | (534) | ||||
| Bernard Sunley | 4,000 | 4,000 | (4,000) | ||||
| CABWI Awarding Body |
30,000 | (30,246) | (246) | 246 | |||
| The Tabhair Trust | (3) | ||||||
| Hedley Foundation | 3,254 | 3,254 | 3,254 | ||||
| Ironmongers' Company |
8,424 | 8,424 | 8,424 | ||||
| National Lottery Awards |
for | 946 | (938) | (938) | (8) | ||
| All | |||||||
| National Lottery Community Fund |
9,534 | (91) | 9,443 | 9,443 | |||
| Berkeley Foundation | 1,317 | 26,000 | (14,736) | 11,264 | 12,581 | ||
| Hants OPCC Safer Communities Fund |
44 | 28,298 | (28,376) | (78) | 34 | ||
| Hants Playing Fields |
983 | (983) | |||||
| Society ofthe Holy Child Jesus |
22,725 | (19,779) | (19,779) | 2,946 | |||
| Solent Supporting Employment Fund |
7,385 | (7,391) | (7,391) | ||||
| Sported Together Fund |
4,773 | (4,772) | 1 | ||||
| Tesco Community Fund |
1,125 | 1,125 | 1,125 | ||||
| Tudor Trust | (3,519) | 15,000 | (10,632) | 4,368 | 849 | ||
| Tudor Trust, Wellbeing | Grant | 1,642 | (1,106) | (1,106) | 536 | ||
| Schroder Foundation | 2,381 | (2,359} | (2,359) | (22) | |||
| Charles Hayward Foundation |
2,019 | (1,458) | (1,458) | 561 | |||
| Trinity House Main Grant | 3,446 | 5,000 | (367) | 4,633 | 8,079 | ||
| The Openwork Foundation |
7,500 | (334) | 7,166 | 7,166 | |||
| Peter Harrison Foundation |
2,906 | (2,906) | (2,906) | ||||
| HIWCF Including Communities |
5,000 | (448) | 4,552 | 4,552 | |||
| HIWCF Youth Recovery | Fund | 5,031 | (9,710) | (9,710) | 4,679 | ||
| BBC Children In Need |
3,031 | 9,927 | (7,532) | 2,395 | 5,426 | ||
| Henley Royal Regatta Charitable Trust |
(329) | 10,000 | (3,390) | 6,610 | 6,281 | ||
| Gisela Graham Foundation |
1,000 | 1,000 | |||||
| 51,887 | 161,427 | (141,975} | 19,452 | 884 | 72,223 | ||
| Unrestricted funds |
|||||||
| Designated fixed asset |
fund | 109,322 | (22,962) | 86,360 | |||
| General fund | 287,319 | 416,343 | (624,713) | (208,370) | 22,078 | 101,027 | |
| 396,641 | 416,343 | (624,713) | (208,370) | (884) | 187,387 | ||
| Total | 448,528 | 577,770 | (766,688) | (188,918) | 259,610 |
| Incoming | Resources | Net | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 01.04.21 | resources f |
expended | movement | Transfers E |
31.03.22 E |
|
| Restricted funds | |||||||
| Energise YOUth (Energise |
2,851 | (1,526) | (1,526) | 1,325 | |||
| Alpkit Foundation | 300 | 415 | (181) | 234 | 534 | ||
| The Tabhair Trust | 62 | 2,500 | (2,559) | (59) | 3 | ||
| BBCChildren In Need Youth Investment Fund |
50,000 | (55,692) | (5,692) | 5,692 | |||
| National Lottery Awards for | 9,962 | (9,016) | 946 | 946 | |||
| Arnold Clark Community | 1,000 | (1,000) | |||||
| Berkeley Foundation | 2,299 | 26,000 | (26,982) | (982) | 1,317 | ||
| Hants OPCCSafer Communities Fund |
24,860 | (24,816) | |||||
| Society ofthe Holy Child | 24,375 | (1,650) | 22,725 | 22,725 | |||
| Solent Supporting Employment Fund |
9,855 | (2,470) | 7,385 | 7,385 | |||
| Tudor Trust | 5,432 | 15,000 | (23,951) | (8,951) | (3,519) | ||
| Tudor Trust, Wellbeing | 2,000 | (358) | 1,642 | 1,642 | |||
| George Bairstow Trust | 1.333 | (1,347) | (1,347) | 14 | |||
| Percy Bilton | 4,000 | (4,031) | (4,031) | 31 | |||
| Schroder Foundation | 4,000 | (1,619) | 2,381 | 2,381 | |||
| Charles Hayward Foundation |
19,547 | 25,000 | (42,528) | (17,528) | 2,019 | ||
| Trinity House Main Grant | 7,884 | (4,438) | (4,438) | 3,446 | |||
| Peter Harrison Foundation |
4,000 | (1,094) | 2,906 | 2,906 | |||
| HIWCF Youth Recovery Fund | 14,800 | (9,769) | 5,031 | 5,031 | |||
| Syder Foundation | 2,000 | (2,058) | (2,058) | 58 | |||
| BBCChildren In Need |
2,717 | 9,927 | (9,613) | 314 | 3,031 | ||
| Henley Royal Regatta Charitable Trust |
7,000 | (7,329) | (329) | (329) | |||
| WFSouthall Trust | 615 | (812) | (812) | 197 | |||
| Gisela Graham Foundation |
1,000 | 1,000 | 1,000 | ||||
| Joan Wilkinson Charity |
1,800 | (1,809) | (9) | ||||
| 49,040 | 233,494 | (236,648) | (3,154) | 6,001 | 51,887 | ||
| Unrestricted funds |
|||||||
| Designated fixed asset fund | 63,449 | 45,873 | 109,322 | ||||
| General fund | 270,350 | 585,592 | (516,749) | 68,843 | (51,874) | 287,319 | |
| 333,799 | 585,592 | (516,749) | 68,843 | (6,001) | 396,641 | ||
| Total | 382,839 | 819,086 | (753,397) | 65,689 | 448,528 |
| 15 | Analysis | offu | nd bala | nces be | tween net a | sse | ts | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | ||||||||||||||
| Designated | General | Unrestricted | Restricted | |||||||||||
| funds | funds | funds | funds | Total | ||||||||||
| f | f | f | f | f | ||||||||||
| Tangible | fixed | assets | 86,260 | 86,260 | 86,260 | |||||||||
| Investments | 100 | 100 | 100 | |||||||||||
| Current | assets | 265,784 | 265,784 | 72,223 | 338,007 | |||||||||
| Current | liabilities | (164,757) | (164,757) | (164,757) | ||||||||||
| Tota I funds | 86,360 | 101,027 | 187,387 | 72,223 | 259,610 | |||||||||
| 2022 | f | f | f | |||||||||||
| Tangible | fixed | assets | 109,222 | 109,222 | 109,222 | |||||||||
| Investments | 100 | 100 | 100 | |||||||||||
| Current | assets | 321,302 | 321,302 | 51,887 | 373,189 | |||||||||
| Current | liabi%ties | (33,983) | (33,983) | (33,983) | ||||||||||
| Totalfunds | 109,322 | 287,319 | 396,641 | 51,887 | 448,528 | |||||||||
| 16 | Financial | instruments | ||||||||||||
| 2023 | 2022 | |||||||||||||
| f | f | |||||||||||||
| Categorisation | offinancial instruments: | |||||||||||||
| Financial | assets that are debt | instrument | measured | at amortised | ||||||||||
| cost | 326,569 | 363,807 | ||||||||||||
| Financial | liabilities measured | at amortised | cost | 164,757 | 33,983 | |||||||||
| 17 | Reconciliation | ofnet | income | / (expenditure) | to net | cash flow from | operating activities |
|||||||
| 2023 | 2022 | |||||||||||||
| f | f | |||||||||||||
| Net income for year | (188,918) | 65,689 | ||||||||||||
| Depreciation | and impairment | oftangible | fixed | assets | 24,833 | 25,331 | ||||||||
| Disposal | offixed assets | 1,875 | 4,061 | |||||||||||
| (Increase) / decrease | in debtors | (100,212) | (14,476) | |||||||||||
| Increase | / (decrease) | in creditors | 130,774 | 15,920 | ||||||||||
| Net cash flow | from operating | activities | (131,648) | 96,525 |