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2022-09-30-accounts

Charity registration number: 1178619

WEYMOUTH SAILING CLUB CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Chartered Accountants

WEYMOUTH SAILING CLUB CIO

CONTENTS

Trustees' Report 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 17

WEYMOUTH SAILING CLUB CIO

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements of the charitable company for the year ended 30 September 2022.

Objectives and activities

Objects and aims

The object of the CIO is to promote and facilitate community participation in healthy recreation by providing facilities for sailing to those resident in the local and greater Weymouth area and surrounding regions.

Summary of the main activities undertaken for the public benefit

Weymouth Sailing Club (WSC) is a volunteer-run sailing club founded in 1913. There were approximately 450 members, and an additional 200 associate members, at the end of the reporting year. All management roles are filled by volunteer members of the club. The key management roles, including Trustees, are filled by election by the members in accordance with the Constitution. An annual review by the Trustees of the aims and objectives, based upon the Charity Commission’s general guidance on public benefit, ensures that the club remains focussed and delivers its objective to the community.

“The object of the charity is to promote and facilitate community participation in healthy recreation by providing facilities for sailing to those resident in the local and greater Weymouth area and surrounding regions. Based in Weymouth harbour, we provide tuition and a full programme of racing throughout the season in Club owned and Members dinghies and keelboats.”

Members have a variety of nautical interests including dinghy and yacht racing and long-distance sailing in company. The members of Weymouth Rowing Club are enrolled as associate members. There is an active sailing programme from April to the final race of the season on Boxing Day.

During 2022 racing was organised from early April to the end of December on Monday evenings, Thursday evenings, Saturday afternoons and Sunday mornings. Races typically involve some 60 participants, including volunteer race management and safety teams. Our ‘Youth on Boats’ (YOBs) group, which is approximately 35 strong and supported by 10 adult supervisors met and trained on Friday evenings from May to October. With no COVID-19 travel restrictions, recreational sailing by individual members, their families and crew returned to typical levels this year, with several club organised cruises-in-company taking place to destinations along the South Coast, Channel Islands and Normandy.

As an RYA-recognised training establishment, we offer training for adult and youth members. The Club also delivers First Aid training having been accredited to do so two years ago. Nine members participated in a shore-based RYA Day Skippers course, and sixty-two members took advantage of other courses offered by the club, such as VHF Radio, Safety Boat, and First Aid training.

The Club owns a range of sailing boats suitable for participants of all ages and skill levels. Club boats are currently made available to members with voluntary nominal payment. Our Longshed training room, provided with support from Sport England, enables shore-based training and fitness activities, including indoor rowing by Weymouth Rowing Club and Club members. The Club has a most popular and attractively located Clubhouse with a reputation as a welcoming venue for visiting yacht crews.

Weymouth Sailing Club hosted the 2022 Hornet Nationals over four days from July 21st-24th, which attracted entries from all over the UK including Kent, Northeast Lincolnshire, and Gwynedd. In September the Club participated in the Yacht Clubs of Weymouth annual Keelboat and Dinghy Regattas, and several club boats sailed to Poole Regatta to compete over the Early May Bank Holiday weekend. The club hosted social events for visiting race fleets thus facilitating the sharing of experience and knowledge across a wider community of sailors, which is a major benefit of such events.

WEYMOUTH SAILING CLUB CIO

TRUSTEES' REPORT

Summary of the main activities undertaken for the public benefit (continued)

Over the 5th-7th of May the Club helped organise and host a corporate fundraising event in aid of two other charities Turn To Starboard and Weymouth Veterans Hub. Turn to Starboard provides life-changing sailing adventures for veterans affected by military operations and Weymouth Veterans Hub is a community project supporting veterans and their families in the South coast region. Activities included an evening reception with guest speaker and Team GB sailor Hannah Snellgrove, a navigation challenge around Weymouth Bay for veterans and guests, and a veterans family fun day on the tall ship Spirit of Falmouth.

The Club benefits from having good facilities and lifting equipment ensuring access to the local sailing area at all stages of the tide. These facilities are also used by the nearby Weymouth Sea Cadet Training Centre. It is not necessary to own a boat to take advantage of the sailing facilities and this is a key element in achieving our purpose and object. Membership is encouraged from all persons who support our aims and want to pitch in and help. There is currently no limit on membership numbers. The membership fee structure is maintained under regular review to ensure affordability, to promote and expand membership and sailing participation. There are stepped rates of membership fees, with tiers for cadets (age 9-17), youth (age 18-21), intermediate (age 22-29), single adult and family/joint memberships which costs under £200 per annum. There are no joining fees, no additional charges to enter Club competitions or to use facilities. Prospective members may use the Club on up to six occasions before being expected to join.

Subscriptions and fees are set at the lowest level commensurate with sustaining a viable operation and prudent investment in facilities. Our subscriptions compare favourably with other regional clubs offering similar activities which we are able to achieve by our strong ethos of self-help volunteers.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

Summary of the main achievements of the charity during the year

The charity has continued to promote and facilitate community participation in healthy recreation by providing facilities for sailing. Approximately 150 members participated in sailing activities each week, including juniors and cadets. The facilities available to members include use of the boatyard, slipway and two cranes. The clubhouse includes training, hospitality and meeting areas, changing rooms and lockers, which are available to all members.

During the year 170 volunteers have helped support the Club’s activities. As noted previously, the Club’s volunteers provided event management for the 2022 Hornet Nationals.

RYA training courses held throughout the year included a shore-based Day Skippers course, two First Aid courses, a VHF Marine Radio course, and a Safety boat course, with a combined total of sixty-two members participating.

The Club continued to provide and maintain on-water moorings for up to 100 boats and winter boatyard storage facilities.

WEYMOUTH SAILING CLUB CIO

TRUSTEES' REPORT

Financial review

The Charity's operations for the year achieved donations, grants and other fundraising income of £1,131 (2021 - £28,287, of which £25,366 arising from COVID-19 grant funding), income from charitable activities of £169,447 (2021 - £161,683), income from other trading activities of £49,323 (2021 - £23,055) and interest received of £7 (2021 - £nil). Total expenditure amounted to £190,206 (2021 - £161,812), resulting in a net surplus of £29,702 (2021 - £51,213).

Policy on reserves

The Club’s reserves, (and here “reserves” are that part of a charity’s unrestricted funds that are freely available to spend on any of the charity’s purposes), are generally deployed in maintaining facilities that attract and retain members. COVID-19 uncertainties have passed without significant effects to income or expenditure. Membership fees have returned to pre-covid “normal”, and no special provisions are anticipated for shortfall.

An increased provision for worst case equipment/property failures is thought prudent whilst we have funds available, so we will hold back £70k for these purposes.

Structure, governance and management

Weymouth Sailing Club is a Charitable Incorporated Organisation governed by a Constitution adopted and registered with the Charity Commission on 4 June 2018.

The trustees manage the affairs of the CIO. There must be at least three and a maximum of five trustees appointed in accordance with the Constitution.

In accordance with the Constitution and a Scheme of Delegation dated 22 February 2019, the trustees delegate all the operational management of Weymouth Sailing Club CIO to the Flag Officers, Executive Officers and General Committee as elected by the members of the Club except for reserved matters.

Trustees are appointed or reappointed annually at the Annual General Meeting. At every AGM of the members of the CIO, one-third of the trustees retire from office by rotation. The vacancies arising may be filled by the decision of the members at the AGM, or where the members or the trustees at any time decide to appoint a new trustee, provided that the limit of five trustees is not exceeded.

The trustees will make available to each new trustee a copy of the constitution and any amendments made to it, plus a copy of the CIO's latest trustees' annual report and accounts.

The trustees review major risks regularly and systems have been established to manage those risks.

WEYMOUTH SAILING CLUB CIO

TRUSTEES' REPORT

Reference and Administrative Details

Charity Registration Number: 1178619 Principal Office: Weymouth Sailing Club Nothe Parade Weymouth Dorset DT4 8TX Independent Examiner H E Jones BA (Hons) FCCA Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: K L Claydon S Riches (appointed 26 October 2021) S Fraser (appointed 11 March 2023) S Dadd (appointed 11 March 2023) S Vines (appointed 11 March 2023)

WEYMOUTH SAILING CLUB CIO

TRUSTEES' REPORT

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 19 September 2023 and signed on its behalf by:

S Riches Trustee

WEYMOUTH SAILING CLUB CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEYMOUTH SAILING CLUB CIO

I report to the trustees on my examination of the accounts of Weymouth Sailing Club CIO for the year ended 30 September 2022.

Responsibilities and basis of report

As the charity trustees of Weymouth Sailing Club CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Weymouth Sailing Club CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Weymouth Sailing Club CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

H E Jones BA (Hons) FCCA Edwards & Keeping Chartered Accountants

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

19 September 2023

WEYMOUTH SAILING CLUB CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022 (INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Total expenditure
6
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
1,131
169,447
49,323
7
219,908
(190,206)
29,702
29,702
862,630
892,332		 Total
2022
£
1,131
169,447
49,323
7
219,908
(190,206)
29,702
29,702
862,630
892,332		 Total
2021
£
28,287
161,683
23,055
-
213,025
(161,812)
51,213
51,213
811,417
862,630

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 16.

WEYMOUTH SAILING CLUB CIO

(REGISTRATION NUMBER: 1178619) BALANCE SHEET AS AT 30 SEPTEMBER 2022

Note
Fixed assets
Tangible assets
12
Current assets
Stocks
Debtors
13
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
15
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
16		 2022
£
702,703
4,939
8,491
222,222
235,652
(46,023)
189,629
892,332
892,332
892,332		 2021
£
718,507
4,012
8,132
152,983
165,127
(21,004)
144,123
862,630
862,630
862,630

The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 19 September 2023 and signed on their behalf by:

S Riches Trustee

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

General information

Weymouth Sailing Club CIO is an association Charitable Incorporated Organisation registered with the Charity Commission for England and Wales.

The address of its principle place of business is:

Weymouth Sailing Club CIO Nothe Parade Weymouth Dorset DT4 8TX

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

Basis of preparation

Weymouth Sailing Club CIO meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity has not included a cash flow statement in these financial statements in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings Not depreciated
Fixtures and equipment Various rates of straight line
depreciation at 5%, 10% and 20%

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

2 Income from donations and legacies

Donations;
Appeals and donations
Cadets donations and fundraising
Grants, including capital grants;
Government grants		 Unrestricted
General
£
208
923
-
1,131		 Total
2022
£
208
923
-
1,131		 Total
2021
£
1,320
1,601
25,366
28,287

Prior period income from donations and legacies was allocated solely to unrestricted funds.

3 Income from charitable activities

Unrestricted

Subscriptions
Crane income
Yard storage
Moorings income
House sales
Open meetings income
Club boats income
Training school income
IRC certificates income		 General
£
50,308
75
23,467
81,675
1,885
3,318
52
5,953
2,714
169,447		 Total
2022
£
50,308
75
23,467
81,675
1,885
3,318
52
5,953
2,714
169,447		 Total
2021
£
38,357
-
26,029
80,785
1,737
8,015
671
4,236
1,853
161,683

Prior period income from charitable activities was allocated solely to unrestricted funds.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

4 Income from other trading activities

Trading income;
Room hire
Bar sales
Hot tap income
Events income;
Social events income		 Unrestricted
General
£
-
43,841
252
5,230
49,323		 Total
2022
£
-
43,841
252
5,230
49,323		 Total
2021
£
25
22,422
33
575
23,055

Prior period income from other trading activities was allocated solely to unrestricted funds.

5 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
7		 Total
2022
£
7

Prior period income from investments was allocated solely to unrestricted funds.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

6 Expenditure

Unrestricted

Unrestricted
Note
Bar purchases
Catering and galley expenses
Open meetings expenses
Club race event expenses
Social event expenses
Training school expenses
Wages and salaries
Rent
Rates
Utilities
Insurance
House running costs
Repairs and maintenance
Safety boat expenses
IT and telephone
Printing, postage and stationery
Subscriptions and magazines
Charitable donations
Cadets expenses
IRC certificates expenses
Cleaning, refuse collection and other sundries
Accountancy fees
Independent examiner's fee
Professional fees
Bank charges
Merchant card fees
Depreciation		 General
£
23,287
589
-
6,238
6,077
5,488
7,681
44,100
1,003
7,356
11,079
3,449
25,152
721
2,719
109
1,420
25
1,775
3,642
8,350
2,057
686
1,547
121
2,417
23,118
190,206		 Total
2022
£
23,287
589
-
6,238
6,077
5,488
7,681
44,100
1,003
7,356
11,079
3,449
25,152
721
2,719
109
1,420
25
1,775
3,642
8,350
2,057
686
1,547
121
2,417
23,118
190,206		 Total
2021
£
11,979
618
3,902
8,795
63
3,424
20,852
44,100
4,101
6,075
10,364
3,280
6,827
2,353
3,450
47
1,387
1,100
146
2,121
3,322
1,715
572
2,790
89
1,553
16,787
161,812

Prior period expenditure was allocated solely to unrestricted funds.

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

7 Government grants

Grants were received during the prior year in relation to a) Local Authority grant funding to support businesses during the COVID-19 pandemic and b) the Coronavirus Job Retention Scheme (to support businesses by covering a proportion of the salaries and on-costs of furloughed staff). No government grant income was received in the current year.

The amount of grants recognised in the financial statements was £- (2021 - £25,366).

8 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets 2022
£
23,118		 2021
£
16,787

9 Trustees remuneration and expenses

During the year the Charity made the following transactions with the trustees: £450 was paid to K L Claydon for delivery of the Day Skipper Course.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2022 2021
£ £
Staff costs during the year were:
Wages and salaries 7,681 20,852
The monthly average number of persons employed by the charity during the year was as follows:
2022 2021
No No
2 4
No employee received emoluments of more than £60,000 during the year
11 Independent examiner's remuneration
2022 2021
£ £
Examination of the financial statements 686 572

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Other fees to examiners

Other fees to examiners
Accountancy and other services
12 Tangible fixed assets
Cost
At 1 October 2021
Additions
At 30 September 2022
Depreciation
At 1 October 2021
Charge for the year
At 30 September 2022
Net book value
At 30 September 2022
At 30 September 2021
13 Debtors
Trade debtors
Prepayments
14 Cash and cash equivalents
Cash at bank
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Land and
buildings
£
450,000
-		 2,057
Fixtures and
equipment
£
313,991
7,314		 1,715
Total
£
763,991
7,314
771,305
45,484
23,118
68,602
702,703
718,507
2021
£
2,405
5,727
450,000 321,305
-
-		 45,484
23,118
- 68,602
450,000 252,703
450,000 268,507
2022
£
1,407
7,084
8,491
2022
£
222,222
2022
£
2,335
72
2,850
40,766
46,023
8,132
2021
£
152,983
2021
£
8,906
-
2,753
9,345
21,004

WEYMOUTH SAILING CLUB CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

16 Funds
Balance at
1
October
2021
£
Unrestricted
General
Members Fund
856,313
Cadets Fund
6,317
862,630
Balance at
1
October
2020
£
Unrestricted
General
Members Fund
806,554
Cadets Fund
4,863
811,417
17 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Incoming
resources
£
218,985
923
219,908
Incoming
resources
£
211,424
1,601
213,025		 Resources
expended
£
(188,431)
(1,775)
(190,206)
Resources
expended
£
(161,666)
(146)
(161,812)
Unrestricted
funds
General
£
702,703
235,652
(46,023)
892,332
Unrestricted
funds
General
£
718,507
165,127
(21,004)
862,630		 Balance at
30
September
2022
£
886,867
5,465
892,332
Balance at 30
September
2021
£
856,312
6,318
862,630
Total funds
at 30
September
2022
£
702,703
235,652
(46,023)
892,332
Total funds
at 30
September
2021
£
718,507
165,127
(21,004)
862,630