||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|||||
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|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.||||
##
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##
##
|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)|