2020-09-30-accounts - Weston Sailing Club

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	Page
Reference and Administrative Details
Report of the Trustees	2to 6
Statement ofTrustees Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements	11to 16
Detailed Statement of Financial Activities	17to 18

TRUSTEES		G Pussard (retired	G Pussard (retired	01/12/2019)	01/12/2019)	01/12/2019)
		N Curry
		P Howard (resigned		18/6/2020)
		T Golding (retired 01/12/2019)
		I Wilson
		EConway
		C Mach
		J Pilcher (appointed		1/12/19)
		N Steffenoni	(appointed		1/12/19)
		P Goddard (appointed			25/3/20)
		J Goldsbrough	(appointed			1/12/19)
PRINCIPAL ADDRESS		Weston Sailing Club
		Abbey Hill
		Netley Abbey
		SOUTHAMPTON
		Hampshire
		SO315FB
REGISTERED	CHARITY NUMBER	1170017
INDEPENDENT	EXAIIINER	CBM Accountants		Limited
		130Bournemouth		Road
		Chandler's Ford
		Eastleigh
		Hampshire
		SO53 3AL
BANKERS		CAF Bank
		25 Kings Hill	Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ

Report ofthe Trustees forthe Year Ended 30September 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees The Charity looks to its members to volunteer for the various roles' needed to ensure a stable and safe venue for sailing. Where more members volunteer than there are roles then an election will take place. Where a vacancy arises a member who volunteers may be co-opted pending an election at the next AGM. Trustees
are offered training in their role where required.
Decision making The following matters are specifically reserved for approval by the Trustees:
-Any proposal to amend the Memorandum and Articles Association; Instruments and Rules Government; -Accounting Reference Date or material accounting policies; - Planning Applications reflecting a significant change ofuse and capital projects;
-Sales or purchases of the Charity's property assets;
-Any decision to bring or defend legal action in a civil case; -Response to criminal charges/allegations of criminal activity which have connection with the Charity; -Appointment, variation of terms or removal of any Charity post; - Expansion of activities beyond core business;
- Formation ofa subsidiary;
-Amendment to pension schemes; -Material change to general terms of employment, staff benefits or HR policy;
-Approval of annual budgets; -Approval ofAnnual Report 8 Accounts including setting of reserve allocations; -Review 8 approval ofdelegated authorities and authorisation limits; -Variations in authorisation levels for purchases/leasing/hiring contracts (limits to be placed on total value			of
contract and on contract length);
-Any borrowing by the Charity; -Any grant of guarantee or indemnity in respect ofa third party's obligations (including obligations	of	staff);
-Investment management policies; -Cash management policies (including approved list of counter-parties); -Any contract with any Trustee or member of staff or with any person or entity connected with any	of	them;
- Opening of new banking relationship; - Receipt of gifts from a potentially undesirable donor; and - Receipt of payments in exchange for sponsorship/naming rights.

forthe Year Ended 3	0September 2020
					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fund.	funds	funds
		Notes	F	F
INCOME AND ENDOWMENTS FROII
Donations and legacies						193
Charitable activities
Sailing activities			19,083		19,083	17,249
Generating activities			20,282		20,282	19,426
Other income			11,664		11,664	240
Investment income			820		820	912
Total			51,983		51,983	38,020
EXPENDITURE ON
Charitable activities
Sailing activities			52,309		52,309	53,335
Generating activities			2,676		2,676	4,185
Total			54,985		54,985	57,520
Net gainsl(losses) on	investments		787		787	200
NET INCOME/(EXPENDITURE)			(2,215)		(2,215)	(19,300)
RECONCILIATION OF FUNDS
Total funds brought	forward		195,206		195,206	214,506
TOTAL FUNDS CARRIED FORWARD			192,991		192,991	195,206

Balance Sheet At 30September	2020
						2020	2019
			Unrestricted		Restricted	Total	Total
			funds		fund	funds	funds
		Notes			F	F	E
FIXEDASSETS
Tangible assets Investments		6 ?	134,384 32,820			134,384 32,820	147,133 41,213
			167,204			167,204	188,346
CURRENT ASSETS
Stocks			20			20	20
Debtors							536
Cash at bank and in hand			27,712	'		27,712	9,005
			27,732			27,732	9,561
CREDITORS
Amounts falling due within one year		10	(1,945)			(1,945)	(2,701)
NET CURRENT ASSETS			25,787			25,787	6,860
TOTAL ASSETSLESSCURRENT
LIABILITIES			192,991			192,991	195,206
NET ASSETS			192,991			192,991	195,206
FUNDS
Unrestricted funds:
General fund						26,107	15,574
Functional fixed asset reserve						134,384	147,132
New Rib Fund						25,500	25,500
New Rib Engine	Fund					7,000	?,000
						192,991	195,206
TOTAL FUNDS						192,991	195,206

INVESTMENT INCOME
		2020	2019
			F
Interest receivable - trading		820	912
TRUSTEES' REMUNERATION	AND BENEFITS

			Unrestricted	Restricted	Total
			funds	fund	funds
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		193		193
Charitable	activities
Sailing activities			17,249		17,249
Generating	activities		19,426		19,426
Other income			240		240
Investment	income		912		912
Total			38,020		38,020

for t	he Year Ended 30September 2020	he Year Ended 30September 2020	he Year Ended 30September 2020
5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total
		funds	fund	funds
			E
	EXPENDITURE ON
	Charitable activities
	Sailing activities	53,335		53,335
	Generating activities	4,185		4,185
	Total	57,520		57,520
	Net gains/(losses) on investments	200		200
	NET INCOIIE/(EXPENDITURE)	(19,300)		(19,300)
	RECONCILIATION OF FUNDS
	Total funds brought forward	214,506		214,506
	TOTAL FUNDS CARRIED FORWARD	195,206		195,206
6.	TANGIBLE FIXEDASSETS
		Leasehold	Plant and
		property	machinery	Totals
		E
	COST
	At 1 October 2019and 30September 2020	172,214	29,626	201,840
	DEPRECIATION
	At 1 October 2019	35,950	18,757	54,707
	Charge for year	8,573	4,176	12,749
	At 30September 2020	44,523	22,933	67,456
	NET BOOK VALUE
	At 30September 2020	127,691	6,693	134,384
	At 30September 2019	136,264	10,869	147,133

7.	FIXEDASSET INVESTM	E	NTS
					Unlisted
					investments f
	MARKET VALUE
	At 1 October 2019				42,212
	Additions				820
	Disposals				(10,000)
	At 30September 2020				33,032
	PROVISIONS
	Provision b/f				999
	Provision written back				(787)
	At 30September 2020				212
	NET BOOK VALUE
	At 30September 2020				32,820
	At 30September 2019				41,213
	There were no investment		assets outside the UK.
8.	STOCKS
				2020 f	2019
	Stocks			20	20
9.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2020	2019 f
	Other debtors				536
10.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020 f	2019
	Trade creditors			1,021	1,770
	Other creditors			924	931
				1,945	2,701

						Net	Transfers
						movement in	between
					At 1/10/19	funds	funds	At 30/9/20
							F	F
Unrestricted	funds
General fund					15,574	(2,216)	12,749	26,107
Functional fixed		asset reserve			147,132	1	(12,749)	134,384
New Rib Fund					25,500			25,500
New Rib Engine		Fund			7,000			7,000
					195,206	(2,215)		192,991
TOTAL FUNDS					195,206	(2,215)		192,991
Net movement	in funds,		included		in the above are as follows:
					Incoming	Resources	Gains and	Movement in
					resources	expended	losses	funds
						F
Unrestricted	funds
General fund					51,982	(54,985)	787	(2,216)
Functional fixed		asset reserve			1			1
					51,983	(54,985)	787	(2,215)
TOTAL FUNDS					51,983	(54,985)	787	(2,215)
Comparatives		for movement		in	funds
						Net	Transfers
						movement in	between
					At 1/10/18	funds	funds	At 30/9/19
							F
Unrestricted	Funds
General fund					29,910	(19,300)	4,964	15,574
Functional fixed		asset reserve			152,196		(5,064)	147,132
New Rib Fund					23,400		2,100	25,500
New Rib Engine		Fund			9,000		(2,000)	7,000
					214,506	(19,300)		195,206
TOTAL FUNDS					214,506	(19,300)		195,206

Comparative	net movement in fu	nds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement in
		resources	expended	losses	funds
			F		F
Unrestricted	funds
General fund		38,020	(57,520)	200	(19,300)
TOTAL FUNDS		38,020	(57,520)	200	(19,300)

A current		year	12 months and prior ye	ar 12months combi	ned positio	n isa	s follows:
						Net	Transfers
					movement	in	between
				At 1/10/18	funds		funds	At 30/9/20
				F			F
Unrestricted			funds
General	fund			29,910	(21,516)		17,713	26,107
Functional		fixed asset reserve		152,196		1	(17,813)	134,384
New Rib		Fund		23,400			2,100	25,500
New Rib		Engine Fund		9,000			(2,000)	7,000
TOTAL	FUNDS			214,506	(21,515)			192,991

above a	re as	follows:
			Incoming	Resources	Gains and	Movement in
			resources	expended	losses	funds
					F	F
Unrestricted		funds
General	fund		90,002	(112,505)	987	(21,516)
Functional fixed asset reserve			1			1
			90,003	(112,505)	987	(21,515)
TOTAL	FUNDS		90,003	(112,505)	987	(21,515)

		2020	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations			193
Subscriptions		134
			193
Investment income
Interest receivable - trading		820	912
Charitable activities
Membership fees		18,878	16,659
Pound fees		17,114	14,092
Key deposits		365	240
Open meeting income		2,265	3,506
Day sail		110	115
Training income			475
Galley income		10
Bartakings		893	1,828
Club Craft hire fees		95
Grants received	- Covid-19	10,250
Other income - item sales		1,049
		51,029	36,915
Total incoming	resources	51,983	38,020
EXPENDITURE
Charitable activities
Clubhouse costs		1,536	2,294
Rates and water		650	1,681
Light and heat		4,104	3,825
Sundries		9,870	11,196
Depreciation of tangible fixed assets		12,749	12,612
		28,909	31,608
Support costs
Management
Sub-contractors		4,404	3,996
Rent		11,755	12,000
Insurance		4,589	4,896
Telephone		842	848
Postage and stationery		38	201
Sundries		621
Licences and subscriptions		2,819	2,891
Professional fees		948	1,020
		26,016	25,852

Detailed Statement ofFinancial Activities forthe Year Ended 30September 2020
	2020	2019
		E
Finance
Bank charges	60	60
Total resources expended	54,985	5?,520
Net expenditure	(3,002)	(19,500)