Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
Registered number: 04178631
Charity number: 1168067
DORCHESTER SAILING CLUB
(A company Ilmited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company. its Trustees and advisers
Trustees. report
Independent examlnerfs report
ststement of financial activities
9-10
Balance sheet
12-13
Notes to the financial statements
14-23

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
L Martins (appointed 2 December 2002)
L O'Donald (appointed 28 June 20201
N Macdonald lappoinled 18 De￿mber 20161
D Lews lappoinled 28 February 20211
C Wellbelove lappointed 7 March 20171
Company registsrod
number
04178631
Charity rogistgred
number
1168067
Registered office
73 Southern Road
Thame
OX9 2ED
Chief executive officer
Nicola Macdonald
Independent auditors
Wellers
Milweye Court
73 Southern Road
Oxon
Thame
Oxfordshire
OX9 2ED
Page 1

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Th8 Trustees pr8senl their annual retK)rt logelh8r with the financial stalemonls of the Dorchesler Sailing Club
for the Year 1 January 2022 to 31 December 2022. The Annual report serves the purposes of both a Trustees,
report and a directors, report under company law. The Trustees confirm that the Annual report and finanThal
stslements of the charitable company comply with the cutTenl slalulory requirements, the requirements of the
charitable company's governing document and the provisions of the Statement of Recommended Practi
ISORPI applicable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191.
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report
required of medium and large companies under Ihe Companies Act 2006 Istralegic Report and Directors,
Report) Regulations 2013 has been omitted.
a. Policies and objectives
The objective of the charity IDSCllhe Clubll is the promotion of community participation in healthy recreation
by the provision of facilities for the sport of sailing and other water sports which are capable of improving
physical health and filness.
Activities for achieving objectives
All of DSC'S activities are directed towards ils objects.
The Club enables members of the public (of all ages and abilities and genders) to lake part in sailing and other
water sports ￿1¢h are capable of promoting physical health and fitness.
11 has a 16 hectare lake, boat launching facility. secure boat storage, a modern laccessible} dubhouse with
changing rooms, and a training room.
The Club provides the following activities throughout the year..
Racing (competitive racing on Sundays throughout the year and some infomiallnovice racing on
Wednesdays from April to Seplember}',
Leisure sailing (including during periods of racing or training provided that sailors
give way to boats that are racing, and avoid sailing through training groups, where possible).,
and
Training - as a recognised Royal Yachting Association IRYAI Training Centre, offering a wde
range of dinghy sailing courses to both adults and children from the age of 8 lat different skill levels)
under the internationally recognised National Sailing Scheme and Youth Sailing Scheme. The Club also
provides training for the RYA Level 2 Power Boat Certificate and Assistant Instructor training for
members aspiring to become instructors.
Race Coaching - infomial sessions on Sunday momings before races and occasional more advanced
one day sessions.
The Club has a smde range of club sailboats and safely equipment which is available for hire for
racing. leisure sailing and training purposes. The Club also has a fleet of power boats for the provision of safety
cover and instruction during training, racing and other organised activities.
Page 2

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(conlinued)
DSC provides ils sailing facilities to other organisalions and the facility of the lake and changing rooms lo other
water sports clubs.
Public Benefit
The Trustees have had regard to the Charity Commission's guidance on public benefit.
DSC'S membership is open to all individuals lof all ages and genders) who wish to join the
club, regardless of their sporting ability- there is no skill test for admission. This open
membership is subject only lo limitations on available facilities, equipment and resources. A
wailing lisl for membership therefore exists when membership is ove￿ubscrIbed, with the next
available membership pla￿ ￿Ing offered on a first come, first served basis.
In relation lo the other water sport clubs and organisations which DSC permits lo use ils
facilities for training and event purposes, such clubs and organisalions musl operate on a
nol-for-profil basis. Their activities undertaken al DSC must also be supervised by suitably
trained and certified persons, and adequate safely cover and full insurance cover must be in
place. As with individual membership, DSC decides which clubs and organisalions lo allow lo
use ils facilities dependent on their availability, again with use being offered on a first come,
first seNed basis.
Other water sport clubs and organisalions which DSC permits to use ils facilities for training and event
purposes are not members of DSC and so it is not necessary lo be a member in order to be a beneficiary of the
charity.
In temis of individuals however, individuals musl be members to participate in sailing al DSC in
a personal capacity {ralher than as a result of membership of another club or organisation}.
The criterion for membership is that the individual must be interested in, and keen lo lake part
in, sailing. Individual, joint and family memberships are available. Benefits to members are the
use of DSC'S facilities, the ability to hire dub boats and safety equipment, and the option to
participate in racing, leisure sailing andlor Imining activities at the cjub.
However, usually the Club offers four-day youth sail training courses twi￿ a year- during the Easter and
Summer school holidays
which are open to the children of non-members. Also, adult non-members may
attend the 6-day adult sail training course for a supplementary fee (see below).
DSC'S facilities are open 7 days a week throughout the year. There are no restrictions on members in lemis of
which facilities and ServI￿S members can access.
Regarding other clubs and organisations, DSC agrees in 8dv8nce with such clubs and organis8tions which
facilities it can access depending on their needs and 8v8ilability.
DSC charged the following annual membership rates for 2022-.
Joining Fee (one-off payment}.. £30
Single Membership annu81 subscription.. £140
JoinllF8mily Membership annual SLJbscriplion (meaning 2 adults and any dependent children
of either adultl.. £165
Annual Boat Registration leach craft).. £10
Annual Berth fee (per occupied berth).. £50
Non-sailing membership is available lo perwns who have been full members for at least 10 years and who are
Page 3

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(conlinued)
no longer able to participate in sailing activities. The annual fee is £25.
In addition lo the above, DSC charges indude the following..
Hire of club boats= from £5 per boat for a half day and £7.50 per boat per full day
Adult training course16 days).. £240 for members and £300 for non-members
Adult training for RYA Powertrt)al Level 2 certificate.. £50 for members
Youth sail training courses are provided free of charge lo children in family memberships, and safety
equipment is always provided lo all participants free of charge. The fees for the youth courses open to Ihe
public (during school holiday periods) are £160 for non-members and £144 for members.
Youth members who are trained lo be Assistant Dinghy Inslruclors are given training to obtain the RYA
Powerboat Level 2 ￿rtifiCate al no charge.
Grants are available for joining fees (for 1 ￿ /0 of the joining feel, membership fees (for up to
50°/o of the membership fees) and also for certification Iraininglcoaching or participation costs
Ifor up to 50 /0 of the costs subject to a maximum of £3001. Grants towards membership fees
are available for single, joint or family memberships.
The Iruslees consider that DSC'S charges, to both members and clubslorganisations, are set
at a level which are reasonable and that the ability to pay the fees charged will not unreasonably restrict those
who can benefit.
Achlevements and Performance
Membershlp
The Club's membership fell from 214 memberships in 2021 10 196 in 2022. The number of Family
Memberships fell significantly from 132 to 110 while Joint Memberships increased slighuy from 31 to 34.
Single Memberships remained unchanged al 52.
The number of individuals induded in the 196 memberships is made up by..
52 adults wth Single Membership
68 adults wth Joint Membership
213 adults with Family Membership
229 children in Family Memberships
Training during 2022
Although the Covid-19 pandemic no longer placed restrictions on training activities in 2022, knock on effects
continued to impact volunteer availability and create a challenging environment
We ran 8 4-day youth holiday course for members and non-members in the Easter school holidays and 2 more
such courses in August. We were also able lo resume our Sunday youth sessions, but shortage of volunteers
meant these were a little below pre pandemic levels. We ran a course for 6 adults in the spring, but lack of
volunteers prevented an autumn course. Normally we would run 2 such courses per year, each with up to 8
places.
Page 4

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(conlinued)
In total 98 RYA Certificates were issued lo children, many of whom had not sailed before. 12 RYA Stage 3
certificates were issued
representing young sailors capable of sailing independently and taking part in club
aclivilies. These numbers are comparable lo pre pandemic annual levels.
DSC continued to maintain relationships with other clubs and groups in the region. The annual National Schools
regatta was able lo lake pla￿ and DSC once again IcM)k a leading role in the Oxfordshire team, with our
volunteers looking after the booking for the entire team and a number of our sailors achieving good results.
Some of our young sailors who took part in this event several years ago now volunteer as young adult helpers.
DSC sailors continue to compete individually al University, National and World level.
The Schods programme returned fully running on Wednesdays in the Spring and Autumn.
We were able lo partner with the Oxford Hub, a community organisation ¥thich worf(s with families in the less
well-off parts of the city, and our volunteer inslruclors provided training sessions for 18 young people. Around
half of the attendees live in areas which rank in the top 20 /0 for deprivation in England and over half are on
free schod meals.
We have completed the training of 6 new assistant instructors. young people who will hopefully continue to
develop their instructing skills and contribute lo the club over the next few years. Our numbers of qualified
inslruclors remain unusually high for a club of this size, however other pressures mean they are only able to
give us limited time and training new inslruclors whilst making the best use of the resources we do have
remains a long-temi priority.
The level of training we were able lo ddiver in 2022 has neady returned to pre pandemic levels. We remain
extremely fortunate lo have a pool of capable and determined volunteers but, with changing leisure pattems
and ever more calls on people time, the availability of these volunteers can never be taken for granted and we
continue to invest in broadening the team to ensure we can maintain our activities in the future.
Facllltles Use by Others
Oxfordshire County Scouts Association (OCSA) and Abingdon Sea Scouts cancelled all activities at DSC
during 2021 due to Covid-19 restrictions and did not ￿start sail training al OSC in 2022. However, DSC loaned
a number of sailing dinghies to OCSA for its Aquacamp event in Summer 2022.
Oxford Triathlon Club, who have been using DSC facilities for open water swim training Sin￿ 2011. decided to
move their training programme for 2022 to another lake which offered more appropriate faalities for swm
training.
Oxford Paddlers for Life la charity providing support for people who have been affected by cancer) continued to
use DSC'S facilities for their Dragon Boat rowng activities.
a. Financial review
Financial risk management objectives and policies
DSC has freehold ownership of the lake and all of the surrounding land that it occupies. It owns outright all of
the facilities and equipment that the Club provides for sailing activities, and owns all the buildings lallhough
there is an outstanding mortgage of £7,268 for the building of a new clubhouse in 20101.
DSC maintains adequate insurance cover for the risks associated ￿rith ils activities and for loss of its equipment
and buildings.
Page 5

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(conlinued)
The principal financial risks are from loss of income, due lo a reduction in memberships or income from training
aclivilies. Hen￿ any events that could lead to the lake being unable lo be used for sailing may pose risks lo
the club's finan￿$ if the cause is sustained for a long lime. This may include events such as a severe and
prolonged drought reducing the water level of the lake and making a significant area of the lake un-sailable. A
similar risk is posed by pond weed growth. Little can be done lo obviate the risks from drought,. bul DSC has an
annual programme to restrict and control the problem of pond weed through Ihe use of dye to inhibit growth
and, if required, cutting and clearing the weed. In 2022 the lake water level fell during the summerfs drought.
Though the dye was kept al a similar concentration, there was significant weed growth in July. Hence a weed
cul was organised which allowed activities on the lake lo continue with little disruption. With the possibility of
holler summers a higher risk, an annual budget of £7,250 is rese￿ed for weed operations in 2023. As personal
finances deteriorate Ihe club may see a reduction in predicted membership. Lastly the club is not immune to
pressures from inflation, though this is expected lo be absorbable for 2023, unless we see further spikes in
costs. Hen￿, il is believed the Club has the finanaal position lo survive the risks slated above for Ihe next
financial year.
The Club operates a general reseNes policy of retaining £20,000 cash as a contingency reserve.
DSC also retains £20,OCK) in a designated fund for infrastructure development.
Review year to 3111212022 income and costs
The year 2022 saw the decline in issues arising from the Covid-19 pandemic and ils reslriclions. The club ran
an Easter Holiday and Spring training course as well as ￿ Summer Holiday courses and an Autumn Weekend
youth training. The take up was good and wlh less restrictions more trainees could be accommodated. Hence
revenue from training was back to pre-pandemic levels.
Membership numbers Itx)Ih renewals and new members} reduced in the year, but less than forecast in our
budget. Hence operating income ex￿eded the budget for the year at £72,402. This included £9,713 of monies,
versus a similar amount in costs, from funding the NSSA regatta for members of DSC and other local sailing
clubs. Operating costs increased in the year to £69,462 including depreciation. Costs for repairs were slightly
higher than expected, as were costs controlling weed growth, but the total expenditure on maintenance was in
line wth expectations. Cash al bank increased by £11,658 10 £143,920 including reserves. Hence the level of
available reserves to offset any future losses ￿MaInS strong.
Nearly 800/0 of the assets are accounted for by tangible fixed assets mainly consisting of freehold land
(induding the lake), buildings, boats and equipment used to provide the facilities for sailing and other water
sport activities.
Overall. the financial position of the Club remained favourable at the end of 2022, WTlh the Club having
sufficient reserves to offset a significant downturn in revenues and more than required lo continue to run for the
next financial year. Hence. the trustees consider that the Club remains a going concern for the next twelve
months at the minimum.
Page 6

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(conlinued)
Structure. Govemance and Management
Organisation structure and decision making
The goveming document is the Articles of Association as last amended on 28th February 2016.
Dorchester Sailing Club is incorporated as a company limiled by guarantee, has no employees and is run by
volunteers.
The charity has a minimum of three trustees (five in 20221 are recwited from the body of members of Ihe
Club and elected by the members al the Annual General Meeting lo serve for one year. Trustees may stsnd for
re-election each year with no limit on the number of terms of offi￿.
The Iruslees are directors of the company.
Day lo day management of the Club and its activities is managed by the Management Committee comprising
the Iruslees and other members of the Club elected at the AGM or cwpted. There were six non-truslee
members of the Management Committee in 2022.
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concem basis in preparing the financial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
Page 7

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
ststement of Truste9s' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial slalements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1.
Company law requires the Ttuslees lo prepare financial statements for each financial Year. Under company
law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of Ihe slate of affairs of the Company and of its incoming resources and application of reSoUr￿s,
including its income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are
required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent:
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Company wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose wlh reasonable accuracy al any lime the financial position of the
Company and enable them lo ensure that the financial slalements comply wth the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hen￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Do¢uS
Do¢u81gnDdby'.
FI888￿￿4&￿464............................
L O'Donald
Trustee
Dale.. 05-05-23
N Macdonald
Trustee
Page 8

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examinerfs report to the Trustees of Dorchester Sailing Club I'the Company'l
I report to the charity Trustees on my examination of the accounts of the Company for the Year ended 31
December 2022.
Responsibilities and basis of report
As the Trustees of the Company land ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance wth the requirements of the Companies Act 20061'lhe 2006 Acl'l-
Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the
2006 Act and are eligible for independent examination, I reFX)rt in respect of my examination of the Company's
accounts carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515llb} of the
2011 Acl.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection wth the
examination giving me cause to believe=
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounls do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a maller considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their
aecounls in accordance with the Financial ReFX)rting Standard applicable in the UK and Republic of
Ireland {FRS 102)].
I have no ￿n￿mS and have come across no other mallers in connection wlh the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the acwunts to be
reached.
Page 9

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
This report is made solely to the Company's Trustees. as a body, in accordance wlh Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Company's
Trustees those mallers l am required lo slate to them in an Independent examinerfs report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than
the Company and the Company's Trustees as a body, for my work or for this report.
Signed..
Stuart Cr(￿k
Dated..
FCA
Wellers
Milweye Court
73 SO￿heM Road
Thame
Oxfordshire
Oxg 2ED
P2ge 10

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Inwme from:
Donations and legacies
Charitable activities
Investments
311
71.965
126
311
71.965
126
75,506
71,008
10
Tolal income
72.402
72.402
86,524
Expenditure on:
Charitable activities
69,462
69.462
62,306
Tolal expenditure
69.462
69.462
62,306
Net movement in fvnds
2,940
2,940
24,218
Reconciliation of fund5-
Total funds brought forward
Nel movement in funds
560,099
2.940
560,099
2.940
535,881
24,278
Total funds carried forward
563,039
563,039
560,099
The Statement of financial activities indudes all gains and losses recognised in the Year.
The notes on pages 14 to 23 form part of these financial stalemenls.
P2ge11

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
IA company limited by guarantee)
REGISTERED NUMBER.. 04178631
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Note
Fixed assets
Tangible assets
431.288
441,925
431.288
441,925
Current assets
Debtors
Cash at bank and in hand
10
200
143.919
200
132.262
144,119
132,462
Creditors: amounts falling due wlhin one
year
16.9891
(6, 588)
Net current assets
137,130
125,874
Total assets less current liabilitias
568,418
567, 799
Creditors.. amounts falling due after more
than one year
12
{5,3801
(7, 700)
Net assets excluding pension asset
563,038
560,099
Total nat assets
563.038
560,099
Charlty funds
Restricted funds
14
Unreslrided funds
14
563.038
560,099
Tolal funds
563.038
560,099
P2ge 12

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
IA company limited by guarantee)
REGISTERED NUMBER.. 04178631
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company lo oblain an audit for the Year in question in accordance wlh
section 476 of Companies Act 2006.
The Trustees ackno1￿edge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial slalements.
The financial slalements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Do¢uS
Do¢uSlgNdby'.
FT98￿&4C4$84J4.
50EFF020520Q483
L O'Donald
Trustee
Dale.. 05-05-23
N Macdonald
Trustee
The notes on pages 14 to 23 fom) part of these financial stalemenls.
P2ge 13

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
General information
Dorchester Sailing Club is a company limited by guarantee. The registered office is 73 Soulhem Road,
Thame. Oxfordshire, OX9 2ED. The members of the companyare the Trustees named on page 1. In the
event of the company being wound ijp, the liability in respect of the guarantee is limited lo £1 per
member of the company.
Accountlng pollcles
2.1 Basls of preparatlon of flnanclal ststements
The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities
preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Dorchester Sailing Club meets the definition of a public benefit entity under FRS 102. Assets ar
liabilities are initially recognised at historical cost or transaction value unless otheNise staled in the
relevant accounting policy.
2.2 Income
All income is recognised once the Company has entillemenl to the income, il is probable that the
income wll be received and the amount of income receivable Can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income 15 received in advance of entitlement of receipt, ils
recrynition is deferred and included in creditors as deferred income. Where entillemenl occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2.3 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Exponditure is dassified by
activity. The costs of each activity are made LJP of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs allribulable to a single
activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity
and SUPFX)rt costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent wlh the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation tharges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
P2ge 14

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies {continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the as8el can be measured reliably.
Tangible fixed assets are inili811y recognised at cost. After ￿CognItion, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation 2nd any accumulated
impaimienl losses. All costs incurred to bring a tangible fixed asset into ils intended working
condition should be included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following ba5e5'.
Freehold propety
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
not depreciated
20/0 Slraighl line
10 /. Reducing balance
15 /. Reducing balance
33 /0 Straight line
2.5 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments wth a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ sheel date as a result of a past
event, il is probable that a transfer of economic benefit wll be required in settlement, and the
amount of the selllemenl can be estimated reliably.
Liabilities arg recognisgd at the amount that the Company anticipates it will pay lo sellle the debt or
the amount it has received as advanced payments for the goods or serVI￿S it must provide.
Provisions are measured at the best estimate of the amounts requirgd to settle the obligation.
Where th8 effect of the lime value of money is material, the provision is bas9d on the pr8sent value
of those amounts, discounted at the pre-tax discount rale that reflects th8 risks specific to the
liability. Th8 unwinding of the discounl is recognised in the Statement of financial activilies as a
financ8 Cost.
P2ge 15

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies {continued)
2.8 Financial instmments
The Company only h8s financial assets and finanual liabilities of 8 kind that qualify as basic
financi81 instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.9 Fund accountlng
General fundg are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Investment income, gains and10sses are allocated lo the appropriate fund.
Incorne from donations and legacies
Unr8strict8d
funds
2022
Total
funds
2022
Tot81
funds
2021
Donations
Grants
311
311
649
14,857
311
311
75,506
Total 2021
15,506
15.506
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Provision of sailing & other watersports aclivi118S
71,965
71,965
71,008
Total 2021
71,008
77,008
P2ge 16

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Investment income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Investment inwme
126
126
io
Total 2021
io
10
Analysis of expenditure on charitsble activities
Summary by fund type
Unrestricted
funds
2022
Total
2022
Total
2021
Direct costs
Repairs and maintenance
Insurance
Weed control
Printing. postage and stationary
Expenditure on governance
Telephone
Legal and profesgonal
Rates
26,427
10,853
6,091
7,416
37
2,813
857
40
26,427
10,853
6,091
7,416
37
2,813
857
30,713
3,972
5,094
4,032
77
2,013
669
2,136
1,872
282
2,136
1,872
282
10,638
1,803
2, 194
451
Cleaning
Bank charges
Depreciation
10,638
11,288
69,462
69,462
62,306
Total 2021
62,306
62,306
P2ge 17

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examinerfs remuneration
2022
2021
Fees payable lo the Company's independent examiner for the independent
examination of the Company's annual accounts
2,400
2,400
Trustees. remuneratlon and expenses
During the Year, no Trustees received any remuneration or other benefits (2027 - £NIL).
During the Year ended 31 December 2022, no Trustee expenses have been incurred (2021- £NIL).
Tangible fixed assets
Freehold Plant and
property machinery
Motor
Fixtures
Officg
vehicles and fittings equipment
Total
Cost or valuation
At 1 January 2022
189.483
283,735
81.967
60,148
442
615.775
At 31 December 2022
189.483
283,735
81.967
60.148
442
615.775
Depreciation
At 1 January 2022
Charge for the Year
75,858
5,675
47,533
3.443
50,018
1,520
442
173,851
10.638
At 31 December 2022
81,533
50.976
51,537
442
184,488
Net book value
At 31 December 2022
189.483
202,202
30,991
8,611
431,287
At 31 De￿mber 2027
189,483
207,877
34,435
10, 130
441,925
P2ge 18

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10. Debtors
2022
2021
Due wlthln one year
Other debtors
200
200
200
200
Creditors: Amounts falling due within one year
2022
2021
Bank loans
Other credilors
Accnjals and deferred income
1,888
2,700
2,401
1,888
2, 700
2,000
6,989
6,588
12.
Craditors: Amounts falling due after more than one yaar
2022
2021
Bank loans
5,380
7, 700
13.
Financial instruments
2022
2021
Financial assets
Financial assets measured at fair value through income and expenditure
143,919
132,262
Financial assets measured at fair value through income and expenditure Comprise of cash and cash
equivalents.
P2ge 19

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Statement of funds
Statement of funds - Current Year
Balance at
31
December
2022
Balance at 1
January
2022
Transfers
inlout
Income Expenditure
Unrestricted funds
Deslgnated funds
Designated Funds- all funds
10,000
10.000
General funds
General Funds- all funds
560,099
72,401
169,462)
{10,0001
553,038
Total Unrestricted funds
560,099
72.401
169,4621
563.038
P2ge 20

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Statement of funds (continued)
Statement of funds - prior Year
Balance at
31
December
2021
B818nce 8t
l January
2021
Transfers
in/out
Income Expenditure
Unrestricted funds
Deslgnated funds
Designated Funds- all funds
20,000
10,(100
30,000
General funds
General Funds- all funds
Charitable funds
498,609
17,271
86,366
(62, 147)
(10, OOOJ
572,828
17,271
515,880
86,366
(62, 147)
(io, oooj
530,099
Total Unrestricted funds
535,880
86,366
(62, 147)
560,099
15.
Summary of funds
Summary offunds- Current Year
Balance at
31
Balance at 1
January
2022
Transfers
inlout
December
Income Expenditure
2022
Designated funds
General funds
10,000
(10,0001
10.000
553,038
560,099
72.401
169,4621
560,099
72.401
169,4621
563,038
P2ge 21

Docusign En¥ÈlopÈ ID". 3E1D5953-F83542DE-9F2&73682DE66A66
DORCHESTER SAILING CLUB
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Summary of funds {continued)
Summary offunds- prioryear
Balance at
31
December
2021
B818nce 8t
l January
2021
Transfers
in/out
Income Expenditure
Designated funds
General funds
20,000
515,880
10,000
(10,OOOJ
30,000
530,099
86,366
(62, 147)
535,880
86,366
(62, 147)
560,099
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due wthin one year
Creditors due in more than one year
431,288
144,119
16,9891
15,3801
431,288
144,119
(6.9891
{5.3801
Total
563,037
563,037
Analysis of net assets between funds - prior year
Unrestricted
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due wthin one year
Creditors due in more than one year
441,925
f32.462
(6, 588)
(7, 700J
441,925
132,462
(6,588)
(7, 700)
Total
560.099
560,099
P2ge 22