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|Referenceandadministrativedetails oftheCharity,its TrusteesandAdvisers|1|
|---|---|
|Trustees'rcport|2to10|
|lndependent Examiner'srcport|11|
|Statement offinancial activities|12|
|Balancesheet|13|
|Notestothefinancialstatements|14to 22|





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|Trustees||
|---|---|
|Colonel JGJ Robinson|Commodore (AppointedOAAAEOZI)(1)|
|Lieutenant Colonel T lves|Vice-Commodore (AppointedA110112024)(1)|
|MajorGeneral (Retired) AEWhitleyCMGCBE|Chair(AppointedO611012023)|
|Lieutenant ColonelCWBattey|(Appointed41fi12a)|
|Brigadier (Retired) SHodder|(Appointed06/10/2023)|
|(1)Ex-officio,normally appointedfor3years||
|NonTrusteeAppointments||
|Lieutenant Colonel(Retired)JD Lewis|Secretary totheBoard ofTrustees(AppointedOll}gl20)|
|Lieutenant Colonel (Retired)N Edwards|tt/lembership $ecretary (AppointedOctober2022)|
|Lieutenant Colonel J Bainger|HonorarySecretary (Appointed October 2023)|
|Brigadier (Retired)ICaws OBE|HonoraryTreasurer (AppointedOctober2023)|



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|StatementofFinancial Ac'tivities<br>for theyearended31 December 2024||||||
|---|---|---|---|---|---|
|||Unrestricted|Restric'ted|Total|Total|
|||funds|funds|funds|funds|
||Note|2024|2024|2024|2023|
|||t|E|t|f|
|lncome and endowmentsfrom:||||||
|Donations & Legacies|3||1,293.00|1,293.00|2,804.00|
|Grants|4||16,200.00|16,200.00|61,841.84|
|Granttowards new llex (Nlerlin) Designated|4||||30,000.00|
|GiftAid TaxReclaimed|J||1,405.72|1,405.72|477.19|
|Fundraising|5|3,792.00||3,792.00|3,470.70|
|Subscriptions|o|14,015.00||14,015.00|15,040.00|
|CharterHire|7|6,012,00||6,012.00|3,786.30|
|OtherIncome|I|17,903.41||17,903.41|15,755.35|
|lnvestment lncome|I|600.71||600.71|474.18|
|Total lncome||42,323.12|18,898.7261,221.84||133,649.56|
|Expenditure on:||||||
|Charitable activities|10to16|<br>93,437.21|11,200.00|1A4,637.21|93,677 37|
|Total Expenditure||93,437.2111,200.00104,637.21|||93,677.37|
|Netincome/(expenditure) before revaluations||-51,114.097,698.72||-43,415.37|39,972.19|
|Gains/(losses) on revaluationsofflxed assets|19|||||
|Netincome I (expenditure)betoretransfers||-51,114.097,698.72||-43,415.37|39,W2.19|
|Transfers||||||
|Hulls(Designated)||||||
|Ofishore (Designated)||||||
|Netmovement in fundsfortheyear||-51,114.097,698.72||-43,4',15.3739,972.19||
|Reconciliation offunds||||||
|Totalfunds at 1 January 2024||355,457.19|81,888.74 437,345.93||397,373.74|
|Total fundsat 31 December 2424||304,343.10|89,587.46393,930.56||437,345.93|
|All activities relatetocontinuing operations.||||||





## 

## 

|Balance Sheet<br>as at31December2024|||||||
|---|---|---|---|---|---|---|
||||Year Ended||Year|Ended|
||||31December||31December||
||||2924|||2023|
||Note|€|€|t||I|
|Fixed assets|||||||
|Tangible assets|19||257,342.27||293,901 .20||
|Current assets|||||||
|Prepayments||4,069.78||8,498.02|||
|Debtors|20|790.00||285.00|||
|Cash at bank||133.398.51||136,250.71|||
|||138,258.29||145,03s.73|||
|Creditors:amounts failing due within oneyear|21|-170.00||-1,589.00|||
|Accruals||-1,500.00|||||
|Netcurrentassets|||136,588.29||143,444.73||
|Netassets|||393,930.56||437,345.53||
|Charity Funds|||||||
|Unrestricted funds|22||304,343.'10||355,457.19||
|Restrictedfunds|22||89,587.46||81|74|
|Totalfunds|||393,930.56||437,345.93||






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|for|the year ended31December2024|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|||Total|Total|
|||funds||funds||funds|funds|
|||2424||2024||2024|2023|
|3|Donations&Legacies|t||€||I|f|
||Donation HullsFund||1,293.00||1,293.00||2,804.00|
||Donations|||||||
||Taxreclaimed (Gift AidonHullsfund donations)||1|72|<br>1|2|477.19|
||||||||3,281.19|
||lncomefromDonationsand Legaciesin2O23comprised t3,281|.19 restricted.||||||
|4|Grants|||||||
||RE Sports Board|t||t||I|€<br>41,000.00|
||RE Sports Board lOffshore)||||||4,400.00|
||H&M Trust||5,000.00||5,000.00||2,500.00|
||Army Sports Lottery||11,200.00||11,200.00||13,941.84|
||Grant towards new Yacht(tMerlin)||||||30,000.00|
||||16,200.0016,200.00||||91,841"84|
||lncome from Grantsin2023 comprised f89,341 .84 unrestricted|andi2,500restricted.||||||
|5|FundraisingEvents|||||||
||RE Dinner|1,249.50|||1,249.501,468.74|||
||Lymington Meet|2,542.50|||2,542.50||2,AA2.OA|
|||3,792.00||-|3,792.003,47A.70|||
|6|Subscriptions|||||||
|||€||t||€|€|
||REYC|14,015.00||-|14,0't5.0015,04000|||
||lncome from subscriptionsin2023 was all unrestricted|||||||
|7|CharterHire (Offshore)|€||E||f|E|
||YachtChafterHire Income (Merlin)|5,410.80|||5,410.80||3,786.30|
||Yacht Charter10olocontributiontoHulls (D)|601.20||||601.20|420.70|
|||6,012.00|||6,012.00||4,207 00|
||Charter hire (offshore) incomein2A23was all unrestricted|||||||
|8|Other income|||||||
|||€||€||€|E|
||lVlooringFees|11,290.50|||11|,290.50|10,280.62|
||Property Sales (lnshore)|3,906.01|||3,906.01|||
||Propedy Sales (offshore)|1,603.00|||1,603.00|||
||Blue Ensign Permits|150.00||||150.00|242.O4|
||Conservancy - Chatham|953.90||||953.90|1,403.04|
||RE Sail TrainingWeek||||||1,560.00|
||lnsurance Claim (lnshore)||||||1,468.S9|
||lnsurance Claim (Offshore)||||||380.00|
|||17,S03.41|||fi,903,,+r1533"85|||
||Other income in2023was all unrestricEd.|||||||
|9|lnvestment income<br>Bank interest receivable|t<br>600.71||€|€<br>L<br>----T00t7T---fr416|||
||lnvestment incomein2023 was all unrestricted|||||||
||Iotalincome|42,323.12|18,898.7261,221.84||||133,649.56|





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## 

|||Directcosts|Grantfundingof<br>activities|Support<br>costs|Total|Total|
|---|---|---|---|---|---|---|
|||2024|2AU|2AA|2A24|2023|
||Note|t|f,|t|t|f|
|YachtClub|11|4,192.00||12,219.35|16,4't1.35|16,7n.W|
|Offshore|12|6,798.89||51,622.72|58,421.61|29,495.37|
|lnshore|13|4,661.85|11,200.00|6,485.65|22,347.54|u,178.49|
|Chatham|14|5,504.15||1,952.60|7,456.75|12,844.44|
|H&[VITrust|15|||||429.10|
|Hulls(D)|16||||||
|||21,156.89|11,200.00|72,280.32|104,637.21|93,677.37|



|||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds||funds|funds|funds|
|||20u||2024|2024|2023|
|11|YachtClub|€||t|a|f|
||Directcosts including Fundralsing||||||
||RE Dinner|1,277.00|||1,277.00|2,301.75|
||REYearBook|||||56075|
||Ties||||||
||Lymington Meet|2,832.00|||2,832.00|1,693 60|
||Blue Ensign Permits|83.00|||83.00|78 00|
|||4,192.00|||4,192.00|4,634.10|
||AdminandSupport costs||||||
||AGMCosts|50.00|||60.00|16250|
||Bankcharges||||||
||GoCardlessFees|244.59|||244.55|101.63|
||lnsurance|2,555.76|||2,555.76|2,374.99|
||ASAAffiliation||||||
||StaffiAccountCosts||||||
||Sailing Club l\tlanager Software|2,688.00|||2,688.00|2,@8.00|
||Trophies/Engraving/Flags|||||305.00|
||Stationery/sundryexpenses|5,548,35|||5,548.35|n.75<br>-Effi|
||Governance||||||
||Bookkeeping andAccountancyFees*<br>Legal(lCOreg)|3,756.00<br>2,915.00<br>6,671.00||-<br>-|3,756.00<br>2,915.00<br>6,671.00|6,403.00<br>35.00<br>6,438.00|
|||16,411.35|||16,411 .35|16,729.97|





## 

## 

|||Unrestricted|Restrictd|Restrictd|Total|Total|
|---|---|---|---|---|---|---|
|||funds||funds|funds|funds|
|12|Offshore|2424||2024|2024|,nr?|
||Directcosts|t||I|f|t|
||Mooring Fees|5,901.59|||5,901.59|1,758.75|
||RaceFees|897.30|||897.30|1,328.37|
||Training Events|||||255.00|
|||6,798.89|||6,798.893,342.12||
||SupportGosts & Resources Expended||||||
||Go Cardless Fees (Charter)|11.24|||11.24|18.12|
||Equipment Purchased, Repairs & Renewals|m7.32|||fi7.32|7,386.05|
||General[Vlaintenance|9,011.92|||9,011.92|9,245.18|
||lnsurance|4,323.35|||4,323.35|2,661.89|
||Lift & Cradle|188.00|||188.00|1,882.50|
||Membership & Subscriptions|2,006.00|||2,006.00|200.00|
||Planned Maintenance|2,645.01|||2,645.01|1,755.88|
||Equipment Rental/Hire|300.00|||300.00||
||RDSA registration Trojan|||||100.00|
||Travel and accommodation|2,043.00|||2,043.00||
||Depreciation|30,586.88|||30,586.88|2,90361|
|||s1,622.72|||51,622.72|lot33l3|
|||58,421.61|||58,421.61|29 49535|
||Offshore expenditure in2A23was all unrestricted||||||
|13|lnshore||||||
||Directcosts|t||g|s|f|
||REYC lnshore training events|2,158.00|||2,158.00|4,373.00|
||Travel & accommodation (Brazil Trip)|2,503.85|||2,503.85|4,71A.00|
||lVledwayYC Sail Training|||||1,300.00|
||Grant ExpenditureBrazilASLGrant|-|11,200.00||11,200.00|8,154.50|
|||4,661.85|11,200.00||15,861.85|18,537.50|
||SupportGosts||||||
||Promotional|||||551.99|
||Equipment maintenance|513.60|||513.60|2,138.38|
||Newequipment purchased|||||2,618.32|
||Subscriptions||||||
||Disposals||||||
||Depreciation|5,972.05||-|5,972.05|10,33230|
|||6,495.65||-|6,495.65|15,640.99|
|||11,147.50||-|22,347.5A|34,178.49|





## 

|for t|heyear ended 31 December 2024||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||funds||funds|funds|funds|
|14|Chatham|2424<br>€||2424t|2024<br>€|2023<br>fl|
||Directcosts||||||
||lVooring[r1aintenance|2,551.00|||2,551.00|4,944.00|
||lVooring Pontoon Licence(PeelPorts)|676.85|||676.85|1,491.72|
||CrownEstates|1,600.00|||1,600.00|1,600.00|
||PeelPorlsConservancy|676.30|||676.30|1,226.84|
||Port of Sheerness||||||
|||5,504.15|||5,504.15|O OAD AA|
||Support costs||||||
||Bank charges|||||2.50|
||Equipment (Admin)|||||79.99|
||lnsurance|1,016.25|||1,416.25|389.32|
||Stationery, Postage & Printing|||||77.48|
||Mooring Manager Expenses|586.35|||586.35|324.00|
||R&R&[/laintenance|||||415.74|
||Depreciation|||||2,292.85|
||Bad Debtwrite-off|285.00|||285.00||
||lVembership Subscription|65.00|||65.00||
|||1,952.60||-|1,952.60|3,581 88|
|||7,456.75|||7,456.75|12,844.44|
|15|H&MTrust Grants|||||429.10|
|||||||429.14|
||||||-||
|16|HullsFund||||||
||Support Costs||||||
||||||s||
|17|Netlncome I (Expenditure)||||-43,415.37|39,972.19|
||Thisisstatedafter charging:||||||
||Depreciation of tangiblefixedassets:<br>- ownedbythecharity||||36,558.93|15,528.76|





## 

|No<br>for|tes to thefinancialstatements<br>the year ended 31 December2024|||
|---|---|---|---|
|||Total|Total|
|||Year Ended|YearEnded|
|||31 December|31December|
|18|Staffcosts|2424<br>€|2023r|
||Staff costs vrere as follows:|||
||Wagesand salaries|0|0|
||Social security costs|0|0|
|||0|0|
||Theaveragemonthly number of employees during the yearwasas follows:|||
||I\Ianagement and admrnistrationofthe fund|No.|No|
|||0|U|



## 

|19|Tangiblefixedassets|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Yachtsllex Costs||Windsurfing<br>and Dinghy||Other<br>Equipment||Totalfunds<br>2424|Total funds<br>2023|
|||e||€|E||€|€|€|
||Cost orvaluation|||||||||
||At1st January 2024|212,001.0012,616.61|||1A6,417.35|61,017.00||392,051.96|254,935.35|
||Additions||||||||137,116.61|
||Disposals|||||||||
||Revaluation|||||||||
||At 31st December2024|212,A01.A012,616.61|||106,417.3561,017.00|||392,051.96|392,051.96|
||Depreciation|||||||||
||At1st January 2024||2,760.61||82,529.30|12,860.85||98,150.76|82,622.O0|
||Charge for the year|26,500.12|2,760|61|5,972.05||,JZb.IJ||36,558.93|15,s28.76|
||Disposals|||||||||
||At31stDecember 2024|26,500.12|5,52'1.2288,501.3514,187.00|||||134,709.69|98,150.76|
||Netbook value|||||||||
||At31st December2A24|185,500.88|?,015||||||293,901.20|
||At31December2023|212.4U.O0|9,856.0023,888.0548.1||||15|293,901.20|,rr3,r*|
|20|Debtors|||||||||
|||||||||c|e|
||Other debtors|||||||790.00|285.00|
||(€720cleared on01lA1 12025)|||||||||
|21|Creditors|||||||||
||Amounts fallingduewithinone year:|||||||f|f|
||Other creditors|||||||170.00|'l14.00|
|||||||||1,500.00|1,475.OO|
|||||||||1,670.00|1,589.00|





|Statement offunds-currentye|ar|||||
|---|---|---|---|---|---|
|Designated Funds|Brought<br>forward<br>I|lncomeExpenditure<br>8r|Gains/<br>(Losses)<br>I|Transfers<br>I|Carried<br>Forward<br>t|
|Chatham|22,302.55|12,244.44-7,456.75|||27,090.20|
|Offshore|125,929.59|7,0't3.80-58,421.61|||74,521.78|
|lnshore|18,788.67|3,906.01-11,147.5A|||1',1,547.18|
|Hulls|43,812.70|601.20|||44,413.90|
||210,833.51|23,7A5.41-77,025.86|||157,573.06|
|Unrestricted funds||||||
|REYC|144,623.68|18,557.71-16,4ii.35|||i46,770.44|
|Totalunrestrictedfunds|355,457,19|42,323.12-93,437.21|||304,343.10|
|Restricted Funds||||||
|H&MTrust|6,227.55|5,000.00|||11,227.55|
|ASL Grant lnshore Brazil2024||11,200.00<br>-'l 1200.00|||0.00|
|Hulls|75,661.19|2,698.72|||78,359.91|
||81,888.74|18,898.72-11,200.00|||89,587.46|
|Total|437,345.93|61,221.84-104,63721|||393,930.56|



|Statement oftunds- prioryea|r 2023||||||
|---|---|---|---|---|---|---|
||Brought|||Gains/||Carried|
||forurard|lncome|Expenditure|(Losses)|Transfers|Forward|
||f,|tr|f|E|€|f|
|Designated FundsChatham|23,463.33|11,683^66|-12,844.44|||22,342.55|
|Offshore|43,258.66|34,166.30|-29,495.37||78,000.00|125,929.59|
|lnshore|31,596.33|21,370.83|-34,178.49|||187BB67|
|Hulls|121,392.00|420.70|||-78,000.00|43,812.70|
||219,710.32|67,641.49|-76518.30|||210,833.5'1|
|UnrestrictedfundsREYC|101j26.77|60,226.88|-16.729.97|||144.623.68|
|Restricted FundsH&lVlTrust<br>Hulls|4,156.65<br>72,380.00|2,500.00<br>3,28'l.1I|-429.10|||4,227.55<br>75,661.19|
||76,53665|5,781.19-429.10||||81,888.74|
|Total|397,373.74|133,649.56|-93,67737|||437,345.93|





## 

## 

## 

|Current year|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2024|2024|2024|2023|
||t|t|t|f|
|Tangible fixedassets|257,342.27|-|257,342.27|293,901.20|
|Currentassets|48,670.83|89,587.46|138,258.29|145,033.73|
|Creditorsdue within oneyear|-1,670.00|-|-f ,670.00|-i,589.00|
||304,343.10|89,587.46|393,930.56|437,345.93|
|Prior year|||||
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2023f|2023<br>t|2423<br>f|2022t|
|Tangible fixedassets|293,901.20||293,901.20|172,313.35|
|Currentassets|63,144.99|81,888.74|145,033.73|231,377.A2|
|Creditorsdue within one year|-1,589.00||-1,589.00|-6,316.63|
||355,457.19|81,888.74|437,345.93|397,373.74|



##