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|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|
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|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||
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||||||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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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