PADSTOW SAILING CLUB
INCOME AND EXPENDITURE ACCOUNT
ST
PERIOD ENDED 31 DECEMBER 2024

The attached Income and Expenditure Account has been examined by me from the
books and vouchers and infomiation afforded to me by the Club Treasurer and gives a
si
true and fair view of the excess income for the period ended 31 December 2024.
Peter Brereton BA(IIons), Msc, CPFA
th
14 February 2025

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CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees. Annual Report for the period
From 1st January 2024 Period start dats
To 318t December 2024 Period end date
Charity name: Padstow Sailing Club CIO
Charity registration number: 1171586
Objectives and Activities
SORP reference
Para 1.17
The purpose of the CIO Is to promote
and facilitate community participation in
healthy recreatlon by providing facilities
for sailing including windsurfing
primarily though not exclusively for
local residents in the surrounding are&
Summary of the purposes of
the charity as set out in rts
governing document
Para 1.17 a￿1
1.19
Provide facilitles and equipment for
general sailing, windsurfing, kayaking
and paddle boarding.
Summary of the main
activrties in relation to those
purposes for the public
benefit. in particular, the
activrties. projects or
services identified in the
accounts.
Provide trainlng for inexperienced and
experienced sailors, including Royal
Yachting Association IRYA) accreditsd
training courses.
Organise a programme of sailing
activities. racing and events.
Promote youth sailing. by the provision
of a safe environmen( equipmenL and
training.
Promote youth development by
encouraging use of a RYA tralning
pathway.
Make available the facilities to other
groups and organisations for sailing
and social activities.
Para 1.18
All Trustees are provided with copies of
the relevant guidance from the Charity
Commission regarding Public BenefiL
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charty
Commission on public
benefit

Additional infomiation (optional)
You ma
choose to include further statements where relevanl about:
SORP reference
Not applicable
Para 1.38
Policy on grant making
Not applicable
Para 1.38
Policy on social investment
including program related
investment
The successful functioning of the Club
Is dependent on the commitsnent of
time, energy and skills from its
members and trustees.
It is the members and trustees who
volunteer, who help the day404lay
running of the Club through the
managemant committee, who staff all
the many various training coursos, who
offer their services to maintain the
premises and facilities and provide
catering for Club events.
Para 1.38
Contribution made by
volunteers
Not applicable
Other
Achievements and Performance
SORP refgrence
Throughout the sailing season, the Club
has continued to provide opportunities
for participation in its activities through
a regular racing programmes and
provision of its facilities and safety
boats to members, other sailing
organisations and to schools.
Summary of the main
achievemenls of the charity,
identifying the difference the
charrty's work has made to
the circumstances of its
beneficiaries and any wider
benefrts to society as a
whole.
Para 1.20
The Training Team were able to run
youth courses for young people
between the ages of 8 and
15. These took place at full capacity in
the Easter. Half-tem) and summer
school holidays.
The club also continues to offer training
courses in sailing and power boat
handling to its adult members and
encouraging women into the sport.
In addition to club sailing activities the
club has also hosted sailin
activities

with Rock Salting Club and Padstow Sea
Cadets and will continue to do so in
2025. This promotes good relationships
with our neighbouring clubs and
enhances the skills of all participants.
Additional Information (optional)
You ma
choose lo include further statements where relevant about:
The club has been able to provide a
range of sailing opportunities and new
and improved equipment to members,
individuals, schools and local
oryanisations and has run new training
programmes this year for juniors and
adults.
Planning is ongolng as to how th5s
offering can be expanded with the hope
of reaching the widest possible
audience.
Training opportunities have been
plentiful with a wide range of target
audiences and planning already
underway as to how these can be
continued and improved in 2025.
Achievements against
objectives set
Para 1.41
In common Mth most activitles the club
has seen an increase In operating costs
due mainly to increased fuel and utility
costs. However, membership
subscriptions and training income
together with donatlons have mot the
operating costs of the club during thls
year.
The use of volunteers to conduct most
of tho maintenance and training at the
club has protected the Club from rlsing
labour and contracting costs and the
management committee have looked to
spend in such a way that maximum
benefrt is gained from spending
decisions.
Perfo￿anCe of fundraising
aclivities against objectives
set
Parn 1.41
Not applicable
Investment perfonnan
against objectives
Para 1.41
Not applicable
Other
Financial Review

Para 1.21
The Club has experienced significant
increases in running costs due to
current inflationary pressures and has
therefore. decided to raise the
membership costs for 2024.
Review of the charity's
financial position at the end
of the period
The newtraining programme does
generate money for the club. and this
has. to date. ensured that the club does
operate at a surplus for 2024 although
this does require considerable
invesljnent to maintain equipment and
keep an up-to-date boat fleeL
The committee look to ensure that
where it is essential to spend on
services and equipment that this is
obtsined at a good price and represents
value to the membership.
The club is fortunate to have reserves
and is able to maintain and improve the
sailing offerings available.
Para 1.22
It 13 the Club pollcy to maintsin the
ability to run the basi¢ running costs of
the club for a minimum of 12 months on
reserves which is currently set at £6k.
Statement explaining the
policy for holding reserves
stating why they are held
An equipment replacement schedule Is
in place for replacing outdated Ix)ats
and equipment for 2025.
The current restricted funds of £30k will
be used to fund improvements for the
On the Watsr project to improve access
to the water for all our members and the
local community in the coming years.
The committee are exploring which
options are available in 2025.
Parn 1.22
Funds held at 3111212024
Amount of reserves held
HSBC Current Account £6123.64
HSBC Savings Account £47858.49
Cash on Hand £393.65
Para 1.22
Not applicable
Reasons for holding zero
reserves
Para 1.24
There are no funds in deficit
Details of fund materially in
deficit
Para 1.23
Trustees are confident that the activities
of the charity can continue in the short
and medium tenn.
There is ongoing planning to explore
how to make the Club more attractive to
Explanation of any
uncertainties about the
charity continuing as a going
con￿rn

new and existing members in the longer
term.
Members are actively encouraged to
take on roles within the Club to ensure
that the full range of activities can
continue.
Additional information (optional)
You ma
choose to include further statements where relevant about:
Membership subscriptions
Boat storage charges
Training course income
Boat hire income
Grants
Donations
Fund raising
The charty's principal
sources of funds (including
any fundraising)
Parn 1.47
The Management committee have
developed a 'Club Boat Replacement
Schedule, to ensure that
equipment can be kept up to date over
the next ten years.
Investment policy and
objectNes including any
social investment policy
adopted
Para 1.46
The fleet of club boats is maintalned and
updated to provido suitsble equlpment
for a wide range of usars.
In the past year we have Identhfied that
the adult and junior courses would
benefit from a more robust training boat.
To which end our 3 outdated Toppers
have been sold and the funds raised
used to partially finance the purchase of
3 Fusion dinghies.
These dinghies are suitsble for groups
of younger sailors to get their first taste
of sailing with an instructor onboard
prior to going slngle handed.
The committee are also committed to
investing in the fabric of the club and
are looking at how best to improve the
shoreside facilities with the On the
Water project to improve access to the
water at our slipway and pontoon.
Sailing is by its nature a weather
dependent activity and there is always
some uncertainty as to whether weather
conditions will affect any planned evenL
A description of the principal
risks facing the char
Para 1.46
The current cost of living crisis has two
risks for the club 1. that members may
have to make spending decisions
regarding whether they can continue to
tske part in sailing and 2. that the club is
operating in an environment of
increased costs of fuel, utilities and

labour.
The treasurer has acted to fix costs
whère possible to guard against
uncertainty and enable sound financial
planning.
Some rises in fees in 2024 have been
considered necessary at this time but
the membership fees and training fees
remain at a level that ￿ hope Is
competitive and represents value for
money to members.
As such the Trustees and Management
Committee remain confident tha( with
sound management and careful control
of cos( the Club can remain viable in
the short to medium term.
Not applicable
Other
Structure, Governance and Management
Description of charitys
Irusts..
Parn 1.25
Constitutlon
Type of goveming document
PaT8 1.25
Charltsble Incorporatsd Organisation
How is the charity
constituted?
Para 1.25
Elected by Members
Trustee selection methods
including details of any
constitutional provisions e.g.
election to posl or narne of
any person or body entit￿1
to appoint one or mo
trustees
Additional infomiation (optional)
You ma
choose to include further statements where relevant about:
This CIO is governed by a constitution.
Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The Club is managed the Board of
Trustees.
The charty's organisational
structure and any wider
Para 1.51

network with which the
charity works
The day to day running of the club is
delegated to the Management
Committee which is chaired by the
Commodore with the support of S
trustees on the Management Committee.
Additional Management committee
members may be appointed by the
Management Committee should there be
a need to do so.
All expenditure is agreed by the
Management Committee and managed
by the Treasurer.
The Club is a member of, and affiliated
to. the RYA, the national governing
body of sailing in the UK.
See www.r
a.or
.uklabout-US
Relationship with any
related parties
Ppn 1.51
The Club is run as far as is practicable
through the contribution and efforts of
volunteers.
Other
Reference and Administrative details
Chari
name
Other name the chari
istered chari
number
Charrty's principal address
Padstow Sailin
psc
1171586
The Blockhouse
South Quay
Port Arthur
Padstow
Cornwall
PL28 8BL
Club CIO
Names of the charity trustees who manage the charity
Dates acted rf not for who
oar
Trustsg name
OffiGg lrfany)
Name of person (or l>ody} èntitled
oint trustee
Ifan
Barry Harris
Management
Committee Member
AGM 1310212017
Anthony Rickard
Peter Roddis
Resigned 2111112024
Resigned 2111112024
AGM 1310212017
AGM 1310212017
AGM 1310212017
Alan Roberson
Management
Commrttee Member
Equipment
Maintenance
George Hamilton
Marie Roddis
Resigned 2111112024
Resigned 2111112024
Appointed 2111112024
AGM 1310212017
AGM 1310212017
Nigel Gatehouse
Commodore
Management
Commtttee Member

David Scott
Dartnell
Treasurer
Management
Committee Member
Appointed 2111112024
Jon Rycroft
Race off￿r
Management
Committee Member
Appointed 2211112024
10
11
12
13
14
15
16
17
18
19
20
Cor
rate trustees - names of the directors at the date the re
Dlrector namo
rtwasa
roved
Nota
licable
Name of trustees holding title to property belonging to the charity
Tntstee name
Date• a¢tod If not for ear
Nota
licable
Funds held as custodian trustees on behalf of others
Not applicable
Description of the assets
held in this capacity
Not Applicable
Name and objects of the
charty on whose behalf the
assets are held and how this
falls within the custodian
charity's objects
Not applicable
Details of arrangements for
safe custod
and

segregation of such assets
from the charity's own
assets
Additional infomiation (optional)
Names and addresses of advisers (Optional infonnation)
Type of
Name
Address
adviser
Not
applicable
Name of chlef executive or names of senior staff members (Optional infomiation)
Not applicable
Exemptions from disclosure
Reason for non-disclosure of k
Not applicable
rsonnel details
Other o
tional infomiation
Not applicable
Declarations
The trustees declare that they have approved the trustees, ￿pOrt above.
Slgned on behalf ot the charity's trustees
Signature(s)
Full name(s)
Position (eg Secretaryg
Chair, etc)
s TA¢rK)6U
Dats