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|Contents|Page|
|---|---|
|Trustees'report|1-8|
|Referenceandadministrativedetailsofthe Charity, its Trustees andAdvisers|o|
|lndependentauditofsrcport|10-13|
|Statement offinancial activities|14|
|Balancesheet|15|
|Notestothefinancialstatements|16-25|
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||TotalTrainingDays|
|---|---|
|lnshore|10|
|Offshore|0|
|Total|10|
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|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|
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|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|
##
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|
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||||||||||
##
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|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|