```
REGISTERED COMPANY NUMBER: CE010827 (England and Wales)
REGISTERED CHARITY NUMBER: 1174337
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
```
## **`FOR`**
## **`PADDLE ROUND THE PIER`**
```
Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
```
```
PADDLE ROUND THE PIER
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`11`|
|**`Detailed Statement of Financial Activities`**||`12`||
```
PADDLE ROUND THE PIER
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended30September2020.Thetrusteeshaveadoptedthe provisions
ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheCharitywasfoundedin2017aftersuccessfullyrunningasalimitedcompanyunderthedirectorshipofDavid Samuel
for over 20 years.
```
```
Paddle Round the Pier aims to:
```
- `" Promote a healthy and active lifestyle.`
- `" Provide a community platform where local people can access beach and water sports whilst raising money for good causes.`
- `" Promote local beach & water sports facilities, associations, clubs and the sea as a free activity playground.`
- `" Educate children and young people on first aid, sea safety and lifesaving skills.`
- `" Provide an inclusive event where children and young people with disabilities are able to access equal facilities on the beach and in the sea.`
- `" To celebrate in the coming together of the water sports community to collect funds for local charities and organisations.`
## **`Significant activities`**
```
Thefocusofallourcurrentfundraisingisthe'PaddleRoundthePierBeachFestival'heldannuallyduringthe first
weekendinJuly.Itisafreeeventwhichseesatremendouseclecticmixofseabasedeventssuchassurfing; Stand-up
Paddle;diving;canoeingandahugelypopularraftrace;"PaddleSomethingUnusual"withthousandsofparticipants and
spectators.Theswimmingracesareaparticularhighlightwithover600adultsandchildrentakingpart.Onthe land,
thereisanalmost1kmlong"PaddleVillage"comprisingentertainmentsofalltypesfrommusictostreetdance.A 20m
DemonstrationPoolandfullsizehumandivingtankcompletestheWatersportsattractions,withmanyfoodand drink
outletstolookafterthecirca50,000personfootfallovertheweekend.Therearealsoaround200boardsports/ lifestyle
brand and industry exhibitors.
```
## **`Public benefit`**
```
TheTrusteesconfirmthattheyhavecompliedwiththedutyinsection17(5)oftheCharitiesAct2011tohave due
regardtotheguidancepublishedbytheCharitiesCommissiononpublicbenefitwhenreviewingtheCharity'smain aims
and objectives, and in planning future activities for the year.
```
```
Paddle Round the Pier benefits the public in a number of ways:
```
- `" Creating an Access Beach to allow disabled visitors to swim in the sea`
- `" Gives grants to Sussex based organisations who promote the healthy enjoyment of the seaside`
- `" Helping to provide Surf Life Saving Sessions for local school children`
- `" Promoting care for the environment and sustainable living`
- `" Encouraging local young people to share their talents on the Paddle Performers Stage, including local special schools`
- `" Providing the opportunity for those who may not normally be able to, to take part in a variety of water-based activities.`
- `" Young and old a like are able to experience a water activity within a land based pool supervised by experienced instructors`
- `" An opportunity for the community to celebrate the benefits of seaside living.`
## **`Volunteers`**
```
Asmallgroupofvolunteers,includingtheTrustees,referredtoasthe'PaddleCrew'helporganisetheeventandthey are
thenjoinedbyalargeteamofpeopleduringtheeventitself.TheseincludelocalArmyCadets,musicians,and 'bucket
shakers'tonamebutafew.However,aswewereunabletoholdtheeventinJuly2020duetoCovidrestrictions a
smallerteamofvolunteerswereinvolvedinthepreparationspriortothecancellationoftheeventon6thApril2020. A
total of 12 volunteers and 450 volunteer hours were completed.
```
```
Page 1
```
```
PADDLE ROUND THE PIER
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`STRATEGIC REPORT`**
## **`Achievement and performance`**
## **`Charitable activities`**
```
UnfortunatelyduetherestrictionsimposedbyCovidwewereunabletoholdtheBeachFestivalsoweareunable to
report on this for 2020.
```
## **`Financial review`**
## **`Financial position`**
```
TheBeachFestivalisfundedbysponsorsandbysellingthespaceavailabletoustoappropriatecompaniesand catering
facilities.BythetimeCovid19restrictionswereinplacewehadalreadyreceivedbookingsforstallsandmade bookings
forvariouspiecesofinfrastructure.Welookedatthefinancialimplicationsifwecancelledtheevent.Wehad spent
£1,027forstickersand£921foradepositforthemarquehire.Wehopetodiscussareducedrateforourstickersfor the
nexteventastheyweredeliveredaslockdownstartedandthemarquehirecompanyhaveagreedtocarryover the
deposit to next year. We offered anyone that has already paid to carry this over to 2021 or to request a refund.
```
```
Astheannualbeachfestivalhashadtocancelledthisyearwewillnotgenerateanyincometopassontolocal charities
and organisations so are unable to offer any Grants.
```
```
PRTPhasahealthybankbalanceandlimitedoutgoingssoisinagoodpositiontocontinuewitheventswhenthis is
permitted.
```
```
Wehavereviewedourexpensesandtheseareataminimum.Wewillcontactourbanktoseewhethertheywould be
able to refund any of the monthly charges they have made.
```
## **`Reserves policy`**
```
PaddleRoundthePierdoesnotmaintainaReservesFund.AftereachPaddleeventweensurewehavepaidallof our
costsandthengrantsaremadetolocalorganisations.However,astheeconomyhasbeenmoreuncertainand the
worldisfacingadifficulteconomicfuture,sinceCovid19thetrusteesplantokeepaslightlylargeramountinthe bank
account to buffer against any financial challenges the charity may face in the future.
```
## **`Principal risks and uncertainties`**
```
Thetrusteesensurethattheycarryoutregularandongoingassessmentsofthepossibleriskstothecharityand in
particular the organisation of the annual Beach Festival.
```
## `" Covid restrictions`
- `" A depressed economy may lead to fewer sponsors and therefore less sponsorship being secured.`
- `" Uncertainty due to leaving the EU.`
- `" Adverse weather impacting visitor numbers and reducing income.`
- `" Adverse sea conditions which may impact on the water based programme`
- `" Major events such as the football world cup clashing with the beach festival`
```
ThemainrisktotheeventcurrentlyisCovid19restrictions.Weneedtobecertainthatifweareputtinganeventon that
itcangoaheadandnotbecancelledatthelastminute.WiththisinmindtheTrusteeshavebeenconsideringhow we
canrestartPRTPBeachFestivalinasmallerwaytoensurethatwehavelimitedexpensesbutstillraisemuch needed
funds for local organisations.
```
```
WealwaysensurethatwehaveinsuranceintheeventthattheBeachFestivalhastobecancelledduetosevere weather
conditions.Weensurethatallcostsarecoveredpriortotheeventandthereforeallfundsraisedcanbegivento local
charitiesviaourGrantsscheme.Theamountgiventocharityisdependentontheamountcollectedatthe event;
therefore we adjust the amount given to charity.
```
## **`IMPACT OF COVID 19`**
```
Covid19continuestoimpactourfutureplanssignificantly.WeareyettoreceivepermissionfromBrightonand Hove
CounciltoholdaneventinJuly2021andnooneknowshowlongrestrictionswillbeinplace.TheTrusteeshavemet to
discuss possible ways forward but at this time we can not do anything until lockdown/restrictions start to ease.
```
```
We will continue to meet via Zoom and re-assess our options as things change.
```
```
WehavenotheldanAGMthisyearaswefelttherewasverylittletoreportaswehadnotheldaneventandthat we
would like to have the AGM when we can all meet to start planning our next steps with our volunteers.
```
```
Page 2
```
```
PADDLE ROUND THE PIER
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`STRATEGIC REPORT`**
## **`Future plans`**
```
TheTrusteeshopethatPRTPBeachFestivalcanaheadinJuly2021butthefuturestilllooksveryuncertain.Wewill work
withBrightonandHoveCouncil,ourvolunteersandsupporterstolookatwaysthatwecanholdaneventin2021. Most
likely in a scaled down way.
```
```
WewillcontinuetopromoteouraimsviaoursocialmediaandhopetobeabletoofferGrantstolocalorganisation again
in the near future.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsconstitution,dated14thMarch2017andoperatesasaCIO.Thisisduetobereviewed in
2021.
```
## **`Recruitment and appointment of new trustees`**
```
Alltrusteesgivetheirtimevoluntarilyandthereforereceivenobenefitfromthecharity.Apartfromthefirst charity
trustees,everytrusteemustbeappointedforatermofthreeyearsbyaresolutionpassedataproperly convened
meeting of the charity. In selecting individuals for appointment as charity trustees, the charity
must have regard to the skills, knowledge and experience needed
for the effective administration of the organisation.
```
```
Anytrusteevacancieswillbeadvertisedamongthecharity'svolunteersandserviceprovidersaswefeelthatitis vital
thatallTrusteesareveryfamiliarwiththeorganisationandethosoftheevent.Ifapproachedbyanyoneinterested in
becomingaTrusteewhohasnotpreviouslyinvolvedintheevent,wewillinvitethemtobecomeinvolvedandthen apply
tobeatrustee.IfnoneofourvolunteersorServiceprovidersappliedtobetrustees,thenthevacancywould be
advertised in the wider community.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
CE010827 (England and Wales)
```
## **`Registered Charity number`**
```
1174337
```
## **`Registered office`**
```
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
```
## **`Trustees`**
```
R Pelling
J W Orrell (resigned 14.3.20)
Ms J Silverson
J Lewis
Ms D A Buddel
Ms A Harris (appointed 28.11.19)
```
## **`EVENTS SINCE THE END OF THE YEAR`**
```
Information relating to events since the end of the year is given in the notes to the financial statements.
```
```
Page 3
```
```
PADDLE ROUND THE PIER
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
```
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,asthe company
directors, on 20 June 2021 and signed on the board's behalf by:
```
```
Ms J Silverson - Trustee
```
```
Page 4
```
```
PADDLE ROUND THE PIER
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
|`2020`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3,293`
`Investment income`
`2`
`1`
**`Total`**
`3,294`
**`EXPENDITURE ON`**
`Raising funds`
`5,350`
**`Charitable activities`**
`Charitable donation`
`16,710`
`Other`
`2,956`
**`Total`**
`25,016`
**`NET INCOME/(EXPENDITURE)`**
`(21,722)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`39,334`
**`TOTAL FUNDS CARRIED FORWARD`**
`17,612`
**`CONTINUING OPERATIONS`**|`2019`
`Total`
`funds`
`£`
`93,009`
`-`
`93,009`
`78,839`
`20,608`
`4,523`
`103,970`
`(10,961)`
`50,295`
`39,334`|
|---|---|
```
All income and expenditure has arisen from continuing activities.
```
```
The notes form part of these financial statements
```
```
Page 5
```
```
PADDLE ROUND THE PIER
```
## **`BALANCE SHEET`**
## **`30 SEPTEMBER 2020`**
|`2020`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Intangible assets`
`6`
`1,994`
`Tangible assets`
`7`
`4,382`
`6,376`
**`CURRENT ASSETS`**
`Debtors`
`8`
`959`
`Cash at bank`
`11,897`
`12,856`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(1,620)`
**`NET CURRENT ASSETS`**
`11,236`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`17,612`
**`NET ASSETS`**
`17,612`
**`FUNDS`**
`10`
`Unrestricted funds:`
`General fund`
`17,612`
**`TOTAL FUNDS`**
`17,612`|`2019`
`Total`
`funds`
`£`
`2,279`
`5,842`
`8,121`
`-`
`34,993`
`34,993`
`(3,780)`
`31,213`
`39,334`
`39,334`
`39,334`
`39,334`|
|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 30 September 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 September 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon20June2021and were
signed on its behalf by:
```
```
J Silverson - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
PADDLE ROUND THE PIER
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
```
Theaccountsarepreparedonagoingconcernbasisafterconsiderationbythetrusteesthatthereareno material
uncertaintiesabouttheCharity'sabilitytocontinueasagoingconcern.Suchconsiderationincludesareview of
committedincomeandexpenditures,cashflowsandreserves.Thetrusteesdonotconsiderthatthereare any
sourcesofestimationuncertaintyatthereportingdatethathaveasignificantriskofcausinga material
adjustment to the carrying amount of assets and liabilities within the next reporting period.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Fixtures and Fittings 25% on a reducing balance basis.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 7
```
```
PADDLE ROUND THE PIER
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|`Deposit account interest`|`1`|`-`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||`2020`|`2019`|
||`£`|`£`|
|`Depreciation - owned assets`|`1,460`|`1,947`|
|`Website Costs amortisation`|`285`|`285`|
## **`3. NET INCOME/(EXPENDITURE)`**
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2020norforthe year
ended 30 September 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricted`|
|---|---|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`93,009`|
|**`EXPENDITURE ON`**||
|`Raising funds`|`78,839`|
|**`Charitable activities`**||
|`Charitable donation`|`20,608`|
|`Other`|`4,523`|
|**`Total`**|`103,970`|
|**`NET INCOME/(EXPENDITURE)`**|`(10,961)`|
|**`RECONCILIATION OF FUNDS`**||
|**`Total funds brought forward`**|`50,295`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`39,334`|
```
continued...
```
```
Page 8
```
```
PADDLE ROUND THE PIER
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
|**`6.`**
**`INTANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019 and 30 September 2020`
**`AMORTISATION`**
`At 1 October 2019`
`Charge for year`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019 and 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`8.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2020`
`£`
`Prepayments and accrued income`
`959`|`Website`
`Costs`
`£`
`2,849`
`570`
`285`
`855`
`1,994`
`2,279`
`Fixtures`
`and`
`fittings`
`£`
`10,386`|
|---|---|
||`4,544`
`1,460`|
||`6,004`|
||`4,382`|
||`5,842`|
||`2019`
`£`
`-`|
```
continued...
```
```
Page 9
```
```
PADDLE ROUND THE PIER
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade creditors`
`Accruals and deferred income`|`2020`
`£`
`-`
`1,620`
`1,620`|`2019`
`£`
`3,780`
`-`|
|---|---|---|
|||`3,780`|
|**`10.`**|**`MOVEMENT IN FUNDS`**||||
|---|---|---|---|---|
||||`Net`||
|||`At`|`movement`|`At`|
|||`1.10.19`|`in funds`|`30.9.20`|
|||`£`|`£`|`£`|
||**`Unrestricted funds`**||||
||`General fund`|`39,334`|`(21,722)`|`17,612`|
||**`TOTAL FUNDS`**|`39,334`|`(21,722)`|`17,612`|
||`Net movement in funds, included in the above are as follows:`||||
|||`Incoming`|`Resources`|`Movement`|
|||`resources`|`expended`|`in funds`|
|||`£`|`£`|`£`|
||**`Unrestricted funds`**||||
||`General fund`|`3,294`|`(25,016)`|`(21,722)`|
||**`TOTAL FUNDS`**|`3,294`|`(25,016)`|`(21,722)`|
## **`Comparatives for movement in funds`**
|`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`50,295`
**`TOTAL FUNDS`**
`50,295`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`93,009`
**`TOTAL FUNDS`**
`93,009`|`Net`
`movement`
`At`
`in funds`
`30.9.19`
`£`
`£`
`(10,961)`
`39,334`
`(10,961)`
`39,334`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(103,970)`
`(10,961)`
`(103,970)`
`(10,961)`|`Net`
`movement`
`At`
`in funds`
`30.9.19`
`£`
`£`
`(10,961)`
`39,334`
`(10,961)`
`39,334`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(103,970)`
`(10,961)`
`(103,970)`
`(10,961)`|
|---|---|---|
|||`(10,961)`|
```
continued...
```
```
Page 10
```
```
PADDLE ROUND THE PIER
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`At`
`movement`
`At`
`1.10.18`
`in funds`
`30.9.20`
`£`
`£`
`£`
`50,295`
`(32,683)`
`17,612`
`50,295`
`(32,683)`
`17,612`|`Net`
`At`
`movement`
`At`
`1.10.18`
`in funds`
`30.9.20`
`£`
`£`
`£`
`50,295`
`(32,683)`
`17,612`
`50,295`
`(32,683)`
`17,612`|
|---|---|---|
|||`17,612`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`96,303`|`(128,986)`|`(32,683)`|
|**`TOTAL FUNDS`**|`96,303`|`(128,986)`|`(32,683)`|
## **`11. RELATED PARTY DISCLOSURES`**
```
OneofthetrusteesofthecharityisadirectorofHopConsultingLimited.Thecompanyhasoccasionally provided
photocopying services without charge to the charity.
```
```
MsDABuddelisalsoatrusteeforBrightonSurfLifeSavingClub(BSLSC).DuringtheyearBSLSCreceived a
grant of £1,000 (2019: £590) from PRTP.
```
## **`12. POST BALANCE SHEET EVENTS`**
```
The outbreak of COVID-19, a global pandemic recognised by the World Health Organisation (WHO), is ongoing.
```
```
InJanuary2021theUKenteredit'sthirdlockdown.TheeffectofUKGovernmentmeasurestolimitthespread of
thevirushavebeenwidespread,urgingpeopletoremainathomewhereverpossible,includingtowork from
homeifavailableandtoundertake"socialdistancing"measures.Partofthegovernment'sactionhasbeen to
order UK businesses where people gather socially such as pubs, restaurants and gyms to close temporarily.
```
```
AsofJune2021,restrictionsarebeingeasedwithaproposeddatefromtheGovenrmentofaffulllifting of
restrictions by the 21 June 2021, this has not as yet been confirmed.
```
```
TheTrusteesarecontinuingtolookatallthepossiblewaysforward,whetherthatbetheeventgoesaheadin a
smallerformatorperhapslaterintheyear.TheTrusteesaremeetingregularlytoconsidertheoptions available
and are monitoring the Covid roadmap closely.
```
```
Page 11
```
```
PADDLE ROUND THE PIER
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 30 SEPTEMBER 2020`**|||
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Pitch Fees`|`-`|`53,021`|
|`Donations`|`1,293`|`20,198`|
|`Sponsorship`|`2,000`|`19,790`|
||`3,293`|`93,009`|
|**`Investment income`**|||
|`Deposit account interest`|`1`|`-`|
|**`Total incoming resources`**|`3,294`|`93,009`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Event Costs`|`1,093`|`58,013`|
|`Management Fees`|`3,750`|`11,197`|
|`Insurance`|`207`|`8,201`|
|`Bad debts`|`-`|`500`|
|`Subscriptions`|`115`|`616`|
|`Storage Costs`|`185`|`312`|
||`5,350`|`78,839`|
|**`Charitable activities`**|||
|`Charitable donations`|`16,710`|`20,608`|
|**`Support costs`**|||
|**`Finance`**|||
|`Bank charges`|`59`|`-`|
|**`Other`**|||
|`Development costs`|`285`|`285`|
|`Fixtures and fittings`|`1,460`|`1,947`|
||`1,745`|`2,232`|
|**`Governance costs`**|||
|`Computer Expenses`|`152`|`291`|
|`Accountancy and legal fees`|`1,000`|`2,000`|
||`1,152`|`2,291`|
|`Total resources expended`|`25,016`|`103,970`|
|**`Net expenditure`**|`(21,722)`|`(10,961)`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```