2020-12-31-accounts

Contents	Page
Trustees'report	1-8
Referenceandadministrativedetailsofthe Charity, its Trustees andAdvisers	o
lndependentauditofsrcport	10-13
Statement offinancial activities	14
Balancesheet	15
Notestothefinancialstatements	16-25

	TotalTrainingDays
lnshore	10
Offshore	0
Total	10

Statementof financial activities fortheyearended31Decemher2A20
		Unrcstricted	Restricted	Total Total
		funds	funds	funds funds
	Note	2A2A	2020	2A2A 2019
		f,	f	ff
lncome and endowmentsfrom:
Donations &Legacies Subscriptions CharterHire Grants Other lncome lnvestment lncome	3 4 5 6 7 8	77,713 16,319 1,360 21,500 8,49'l 45	2,468 2,500 :	80,1816,292 16,3'1913,411 1,36018,529 24,00027,855 8,49112,161 45 13
Totallncome		125,428	4,968	130,39678,261
Expenditureon:
Charitableactivities		145,834	1,176	147,01083,305
Total Expenditure		145,834	1,176	147,01A83,305
{Losses)/ GainsonRevaluationsofFixed Assets		(8241		(7e1) 1824',t
Transfers		7,761	(7,7811	{8241
Netmovementinfundsfortheyear		121,2301	3,792	(17,438){5,835)
Reconciliation offunds
Total fundsatlJanuary2A2A		297,35563,658		361,013366,848
Totalfundsat31December2020		276,125	67,450	343,575361,013

The RoyalEngineerYachtClub
Balance sheet asat3fDecember2020			Year Ended 31December		YearEnded 31 December
			2420		2019
	Note		€		€
Fixed assets
Tangibleassets	17		177,689		241,271
			177,689		241,271
Current assets
Debtors	18	2,597		1,925
Cashatbank		164,233		119,023
		166,930		124,848
Creditors:amounts fallingduewithinone	19			(1,106)
Netcunentassets			165,996		119,742
Netassets			343,575		361,013
Gharity Funds
Unrestrictedfunds	21		276,125		289,594
Restricted funds	21		67,450		71,419
Totalfunds			343,575		361,013

th	eyearended31December	2020	2020
		Unrestricted		Restricted		Total	Total
			funds	funds		funds	funds
			2A20		2020	2024	2019
3	Donations & Legacies		€		(r!	tr	f
	Donation HullsFund			2,468		2,468	4,292
	Legacy HullsFund						2,000
	Donated Services		77,713			77,713
			77,713	2,468		80,181	6,252
	lncome from Donations and	Legaciesin2019 comprisedfnil unrestricted			and 16,292	restricted
4	Subscriptions		I		f	e	e
	REYC		16,319			16,319	13,411
						16,319	13,411
	lncome from subscriptionsin2019 comprised t13,411		unrestricted	andf	nilrestricted
5	Charter Hire(Offshore)		I		€	e	$
	Yacht Charter Hire lncome		1,360			1,360	18,529
	OilskinHire/other
			1,360		-	1,360	18,529
	lncome from Charter Hirein	20'lIcomprisedt18529	unrestricted	andfnil restricted.
6	Grants		f,		s	e	t
	RE SportsBoard		14,000			14,000	14 000
	H&MTrust			2,500		2,500	2500
	Army SportsBoard						11 355
	Nuffield Trust Grant		7,500		:	7,500
			21.500	2,500		24,000	27,855
	lncome from Grantsin 2A19	comprisedf25,355unrestrictedandt2,504			restricted.
7	Other income		t€			s	f
	Blue EnsignPermits						80
	MooringFees		4,879			4,879	9,294
	REYC Dinner		2,415			2,015	1,810
	Property Sales		499			499	745
	Sundry lncome		1,098			1,098	232
							161
	Other incomein2019 comprised L12,149 unrestricted		andf12restricted.
8	lnvestment income
			s		€	e	f
	Bank interest receivable		45			45	IJ
			45			45	1.3

9	Analysisof expenditur	e byact	ivities
			Directcosts	Grantfundino ^ -'--'-'l-':-"oSuoportcosts otactlvrtles		Total		Total
			YearEnded	YearEndedYearEnded		YearEnded		YearEnded
		Note	31December 2A2Af	31December31 2020 8t	December 2020	31December 2024 e	31 December 2019 t
	YachtClub Offshore lnshore	10 11 12	4,771 18,361	- :	12,355 'i;ll3	17,126 111,537 7,098		11,856 52,589 5,593
	Chatham		6,055	-	4,018	10,073		44a1'1 t ltLLt
	H&M Trust	14		1,176		1,176		2,046
			187	1,176
				Unrestricted	Restricted	Total		Total
				funds	funds	funds		funds
				2020	2A2A	2420		2019
10	Yacht Club			t		E		t
	Activitiesundertaken	directly
	REYC Dinner			3,685		3,685		2,483
	REYCYearBook			1,186		1,186		1,'186
	Lymington Meet			{100}		(100)		225
				4,771	-	4,771		3,894
	Supportcosts
	lnsurance			5,A23		5,023		2,399
	Fees			3,058		3,058		2,590
	Staff Costs			2,161		2,161		1,254
	Sundry Costs			2,113		2,113		1,719
	Depreciation
				12,355	-	12,3!5		7,942
				17,126		17.126		'11,856

rth	eyearended31December202A
		Unrestricted	Restricted		Total	Total
		funds		funds	funds	funds
11	Offshore	2020 I		2420 f	2420 E	2A19 f
	Activitiesundertakendirectly
	RaceFees	17			17	1,298
	MooringFees	3,617			3,617	6,366
	PlannedMaintenance	14,727			14,727	20,374
		19,381			18,361	28,038
	SupportCosts
	Maintenance	12,274			12,274	13,2A2
	Gertification &Inspection EngineService Lift & Cradle	2,225 738			2,225 738	1,313 1,117 3,587
	Oilskins Tools Equipment
	lnsurance	:				3,226
	Yacht salecosts	5,256			5,256
	(Profit)llossonsale of boats	(6,687)			(6,687)
	Depreciation	1,657			1,657	2,10;
	DonatedServices	77,713			77,713
		93,176		-	93,176	24,551
		111,537			111,537	52,589

lnshorc
Activitiesundertakendirectly			t	t
MedwayYCSail Training				2,207
Windsurfing C'ships				900
SupportCosts				3,1A7
Equipment maintenance	1,645		1,645	691
Depreciation	5,453		5,453	1,795
	7,ogg	_	7,ogg	2,496
				5,593

rth	eyearended3tDecember202A
		Unrcstricted	Restricted	Total	Total
		funds	funds	funds	funds
13	Ghatham	2020	2A2A	2420	2A1S
		€	g	€	€
	Activitiesundertakendirectly
	MooringMaintenance	9,245		3,245	3,463
	CrownEstates	1,600		1,600	1,600
	PeelPorts Conservency	,rrro,		',1214	810
	Port ofSheerness				443
	ChathamHisfD'yardShoreFacilities				360
	Mary Cup				110
		6,055		6,055	6,786
	Supportcosts
	lnsurance	402		442	385
	MooringManagerExpenses	64		64	782
	Mail lnternet Advertising				190
	SundryCosts	1,128		1,129	489
	Depreciation	2,424		2,424	2,589
		4,019		4,018	4,435
		10,073		10,073	11,221
	Chatham expenditurein2019 comprisedf11 ,221unrestricted		andfnilrestricted.
14	H&MTrust
	Grants		1,176	1,176	2,046

testo the financial statements rtheyearended31December2020
	Total	Total
	YearEndedYearEnded
	31December31December 2420 2019
15Netlncome / (Expenditure)	€f
Thisisstatedafter charging
Depreciationoftangiblefixedassets:
- ownedbythecharity	9,534	6,490
Auditor'sremuneration	906	840
During theyear,noTrusteesreceived any remuneration(2019-tNil)
Duringthe year,noTrusteesreceived anybenefitsin kind(2019-tNil).
Duringthe year,noTrusteesreceived anyreimbursementofexpenses(2019-tNil).
16Staff costs	€	t
Staffcostswereas follows:
Wages andsalaries	1,824	1,032
Social security costs	336 2.160	222 1.254
Theaveragemonthly number of employees duringtheyearwasas follows.
	No.	No
Management andadministrationofthe fund

Tangible fixedassets
	Windsurfing		Other	Totalfunds	Total funds
	YachtsandDinghy	Equipment		2020	2019
	s			s	f
CoEtor valuation At1January2020	193,20891,846		19,981	305,035	304,610
Additions	9,972		3,116	13,088	22,659
Disposals	(64,4021		(7,900I	F23a2l
Revaluation	(8241			{8241	(22,234)
At31December2020	127.582101,818		15,197	244,997	305,035
Depreciation
AtIJanuary 2020	54,888		8,876	63,764	78,717
Charge for theyear	5,453		4,081	9,534	6,490
Disposals			(5,990)	{5,990)
Revaluation					(21,443)
At31December2020	60,341		6,967	67,308	63,204
Netbookvalue At3'1December2A2A	127,982 41,477		8,230	177,689	241,271
At31December2019	133,208 36,958		11,105 241,271225,893

rth	eyearended31December2020
		Total		Total
		YearEnded		YearEnded
		31December31 December
18	Debtors		2020t	2019t
	Otherdebtors	2,597		1,825
19	Creditors:
			tt
	Amountsfallingduewithinoneyear:
	Other creditors		944	106
20	Financialinstruments
		2020		2419
	Financialassets
	Financial instruments that aredebtinstruments measuredatamortised cost	2,597		1,825
	Financialliabilities
	Financial instruments that aredebtinstruments measuredatamortised cost		(e44)	(1,106)

rth	eyearended31December2020	eyearended31December2020
21	Statementof funds-cunentyear
		Brought fonrard €	lncome t	Gainsl- - ExDendlture Iransters (Losses) t t						Garried Forward
	Designated Funds
	Chatham	25,815	4,879	(10,073)					-	20,621
	Offshore	193,694	1,224	(33,824)					-	161,094
	lnshore	36,958	7,999	{7,098)					-	37,859
	Hulls	11,114	136			(824)			-	10,426
	Unrcstrictedfunds REYC	22,A13	1 11,190	(94,839)					7,761	46,',,25
		22,013	111,'190(94,839)						7,761	46,125
	Restricted Funds
	H&MTrust	1,877	2,500	(1,176)						3,201
	Townsend Trust	7,761				-			(7.761)
	Hulls	61,781	2,468							E4,249
		71,419		1,1					1)	67
	Total	361,013	130,396{147,010)			(824)			-	343,575
	Statement offunds-prioryear
		Brought forwardt	lncome	Expenditure '	-.Gains/ (Losses)		I	- ransrers		Carried Fonilard
	Designated Funds
	Ghatham	27,509	9,527	(11,221)						25,815
	Offshore	7,836	28,031	(52,589)				210,416		193,694
	lnshore	16,094	745	(5,5e3)					25,712	36,958
	Hulls	206,981	1,853	-		(737)	(196,983)			11,114
			40,1						145	267
	Unrcstrictedfunds
	REYC	21,054	29,301	(11,856)				(16,486)22,013
		21,054	29,301 (11,856)			-		(16,486)22,013
	Restricted Funds
	H&MTrust Townsend Trust	1,423 34,471	2,544 3	(2,046)		(u1)		(22,65e)		1,877 7,761
	Hulls	55,480	6,301	-						67,781
		87,374	8,804			54				71.419
	Total

Current year
	Unrestricted	Restricted	Total Total
	funds	funds	funds funds
	2420	2420	2020 2019
	t	t	f f
Tangible fixed assets	177,689	-	177,689241,271
Currentassets Creditorsduewithinoneyear	99,380 {e44}	67,450 -	166,830120,848 (944)(1,106)
	276,125	67,450	343,575361,013

Prior year
	Unrestricted	Restricted	Total Total
	funds	funds	funds funds
	2019	2019	2019 2018
	€t		t f
Tangible fixedassets	241,271	-	241,271225,893
Currentassets	49,429	71,419	120,949141,671
Creditorsduewithinone year	(1,106)	-	{1,106}(716)
	289,594	71,419	361,013366,848