Charity registration number: 1178619
## **WEYMOUTH SAILING CLUB CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
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 incorporated organisation for the year ended 30 September 2023.
## **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 2023 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.
Recreational sailing by individual members, their families and crew is commonplace, and the club encourages members to take part non-club sailing including offshore racing, passage making and cruising. During the 2023 season, the club organised cruises-in-company to destinations along the South Coast, Channel Islands and Normandy, including the popular solstice cruise to Cherbourg.
As an RYA-recognised training establishment, we offer training for adult and youth members including Day Skipper (shore based), VHF short range radio, Power Boat level 2, Safety Boat, and First Aid training courses. Ten members participated in a shore-based RYA Day Skippers course, and numerous members took advantage of other courses offered by the club, such as VHF Radio, Safety Boat, and First Aid training. The club also provides its own training courses to encourage volunteering including Race Officer, Committee Boat Driver, Mark Layer, and Crane Operator.
On Friday evenings throughout the summer the club held weekly ‘Club Nights’ to encourage member old and new to get out on the water. These informal sessions involve ‘old hands’ helping less experience members gain confidence on the water. Session this year included, sail trimming, race start practice, and spinnaker handling.
The Club owns a range of sailing boats suitable for participants of all ages and skill levels. Club boats are 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 for both Rowing Club and Sailing Club members. The Club has a most popular and attractively located Clubhouse with a reputation as a welcoming venue for visiting yacht crews.
- 1 -
**WEYMOUTH SAILING CLUB CIO**
## **TRUSTEES' REPORT**
Weymouth Sailing Club hosted the 2023 UK & Open Squib National Championship over six days June 25th-30th, which attracted 65 entries and 130 participants from all over the UK. The club also hosted a Lark class dinghy open over the weekend of the 9th-10th of September.
In September the Club participated in the Yacht Clubs of Weymouth annual keelboat and dinghy regattas, and the club’s spring keelboat regatta, which was held over the weekend of 27th-28th May, included the IRC Southern Championship.
The club hosted social events for visiting yachts, including large race fleets from Poole (PYRA) and Cherbourg (Transmanche), thus facilitating the sharing of experience and knowledge across a wider community of sailors. The return of the Transmanche, after a gap of four years, saw 70 French sailors join WSC members for a BBQ on the terrace.
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 objectives. 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 can 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 (aka Youth On Boats - YOBs). 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 164 volunteers have helped support the Club’s racing activities with many more members volunteering to supporting off the water activities and helping with maintenance of the clubhouse and yards. As noted previously, the Club’s volunteers provided event management for the 2023 UK & Open Squib Nationals.
RYA training courses held throughout the year included a shore-based Day Skippers course, First Aid courses, VHF Marine Radio courses, and a Safety boat course, with many members participating.
The Club continued to provide and maintain on-water moorings for up to 100 boats and winter boatyard storage and maintenance facilities.
- 2 -
**WEYMOUTH SAILING CLUB CIO**
## **TRUSTEES' REPORT**
## **Financial review**
The Charity's operations for the year achieved donations, grants and other fundraising income of £6,615 (2022 - £1,131), income from charitable activities of £200,425 (2022 - £169,447), income from other trading activities of £75,550 (2022 - £49,323) and interest received of £3,158 (2022 - £7). Total expenditure amounted to £288,275 (2022 - £190,206), resulting in a net deficit of £2,977 (2022 - £29,702 surplus).
## 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.
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.
- 3 -
**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 Fraser (appointed 11 March 2023) Mr S Riches S Vines, Chair, (appointed 11 March 2023)
- 4 -
**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 8 May 2024 and signed on its behalf by:
S Vines Trustee
- 5 -
## **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 2023.
## **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**
Since Weymouth Sailing Club CIO's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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
6 June 2024
- 6 -
## **WEYMOUTH SAILING CLUB CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ **(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 (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**£**
6,615
200,425
75,550
3,158
285,748
(288,725)
(2,977)
(2,977)
892,332
889,355|**Total**
**2023**
**£**
6,615
200,425
75,550
3,158
285,748
(288,725)
(2,977)
(2,977)
892,332
889,355|**Total**
**2022**
**£**
1,131
169,447
49,323
7|
|---|---|---|---|
||||219,908
(190,206)|
||||29,702|
||||29,702
862,630|
||||892,332|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
- 7 -
## **WEYMOUTH SAILING CLUB CIO**
## **(REGISTRATION NUMBER: 1178619) BALANCE SHEET AS AT 30 SEPTEMBER 2023**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Stocks
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2023**
**£**
696,595
5,004
16,153
211,826
232,983
(40,223)
192,760
889,355
889,355
889,355|**2022**
**£**
702,703
4,939
8,491
222,222|
|---|---|---|
|||235,652
(46,023)|
|||189,629|
|||892,332|
|||892,332|
|||892,332|
The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 8 May 2024 and signed on their behalf by:
S Vines Trustee
- 8 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **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.
- 9 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## _**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.
- 10 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **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.
- 11 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **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
Legacies|**Unrestricted**
**General**
**£**
275
1,340
5,000
6,615|**Total**
**2023**
**£**
275
1,340
5,000
6,615|**Total**
**2022**
**£**
208
923
-|
|---|---|---|---|
||||1,131|
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**
**£**
54,880
215
28,039
82,908
1,953
22,875
47
6,520
2,988
200,425|**Total**
**2023**
**£**
54,880
215
28,039
82,908
1,953
22,875
47
6,520
2,988
200,425|**Total**
**2022**
**£**
50,308
75
23,467
81,675
1,885
3,318
52
5,953
2,714|
|---|---|---|---|
||||169,447|
Prior period income from charitable activities was allocated solely to unrestricted funds.
- 12 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **4 Income from other trading activities**
## **Unrestricted**
||**Unrestricted**|||
|---|---|---|---|
|Trading income;
Room hire
Bar sales
Hot tap income
Events income;
Social events income|**General**
**£**
96
63,317
289
11,848
75,550|**Total**
**2023**
**£**
96
63,317
289
11,848
75,550|**Total**
**2022**
**£**
-
43,841
252
5,230|
||||49,323|
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**
**£**
3,158|**Total**
**2023**
**£**
3,158|**Total**
**2022**
**£**
7|
|---|---|---|---|
Prior period income from investments was allocated solely to unrestricted funds.
- 13 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **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
(Profit)/loss on sale of tangible fixed assets held
for charity's own use|**General**
**£**
33,485
60
15,477
7,350
12,589
6,736
10,517
52,507
3,067
19,238
10,967
11,137
53,401
2,548
3,094
15
1,525
-
986
3,960
7,552
3,024
750
869
118
2,389
26,627
(1,263)
288,725|**Total**
**2023**
**£**
33,485
60
15,477
7,350
12,589
6,736
10,517
52,507
3,067
19,238
10,967
11,137
53,401
2,548
3,094
15
1,525
-
986
3,960
7,552
3,024
750
869
118
2,389
26,627
(1,263)
288,725|**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|
Prior period expenditure was allocated solely to unrestricted funds.
## **7 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
|Depreciation of fixed assets|**2023**
**£**
26,627|**2022**
**£**
23,118|
|---|---|---|
- 14 -
## **WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **8 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **K L Claydon**
The above trustee was reimbursed £32.00 during the year relating to a mileage claim for attendance of an RYA conference on behalf of the Club.
All other payments made to trustees related to the reimbursement of out-of-pocket expenses where the trustee acted as agent of the Charity and which are not required to be disclosed under the SORP.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2023**
**£**
10,517|**2022**
**£**
7,681|
|---|---|---|
The monthly average number of persons employed by the charity during the year was as follows:
|**2023**||**2022**||
|---|---|---|---|
|**No**||**No**||
||3||2|
No employee received emoluments of more than £60,000 during the year
## **10 Independent examiner's remuneration**
|**10 Independent examiner's remuneration**|||
|---|---|---|
|Examination of the financial statements
**Other fees to examiners**
Accountancy and other services|**2023**
**£**
750
3,024|**2022**
**£**
686|
|||2,057|
- 15 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 October 2022
Additions
Disposals
At 30 September 2023
**Depreciation**
At 1 October 2022
Charge for the year
At 30 September 2023
**Net book value**
At 30 September 2023
At 30 September 2022
**12 Debtors**
Trade debtors
Prepayments
**13 Cash and cash equivalents**
Cash at bank
**14 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
-
-||**Fixtures and**
**equipment**
**£**
321,305
21,519
(1,000)
341,824
68,602
26,627
95,229
246,595
252,703
**2023**
**£**
8,759
7,394
16,153
**2023**
**£**
211,826
**2023**
**£**
14,101
32
2,851
23,239
40,223||**Total**
**£**
771,305
21,519
(1,000)
791,824
68,602
26,627
95,229
696,595
702,703
**2022**
**£**
1,407
7,084|
||450,000||341,824|||
||-
-||68,602
26,627|||
||-||95,229|||
||450,000||246,595|||
||450,000||252,703|||
||||**2023**
**£**
8,759
7,394
16,153
**2023**
**£**
211,826
**2023**
**£**
14,101
32
2,851
23,239
40,223|||
||||||8,491|
||||||**2022**
**£**
222,222|
||||||**2022**
**£**
2,335
72
2,850
40,766|
||||||46,023|
- 16 -
## **WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_
## **15 Funds**
|**15 Funds**|||||
|---|---|---|---|---|
|**Unrestricted**
**_General_**
Members Fund
Cadets Fund
**Unrestricted**
**_General_**
Members Fund
Cadets Fund|**Balance at**
**1**
**October**
**2022**
**£**
886,867
5,465
892,332
**Balance at**
**1**
**October**
**2021**
**£**
856,313
6,317
862,630|**Incoming**
**resources**
**£**
284,408
1,340
285,748
**Incoming**
**resources**
**£**
218,985
923
219,908|**Resources**
**expended**
**£**
(287,739)
(986)
(288,725)
**Resources**
**expended**
**£**
(188,431)
(1,775)
(190,206)|**Balance at**
**30**
**September**
**2023**
**£**
883,536
5,819|
|||||889,355|
|||||**Balance at 30**
**September**
**2022**
**£**
886,867
5,465|
|||||892,332|
## **16 Analysis of net assets between funds**
|**16 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|**Unrestricted**
**funds**
**General**
**£**
696,595
232,983
(40,223)
889,355
**Unrestricted**
**funds**
**General**
**£**
702,703
235,652
(46,023)
892,332|**Total funds**
**at 30**
**September**
**2023**
**£**
696,595
232,983
(40,223)|
|||889,355|
|||**Total funds**
**at 30**
**September**
**2022**
**£**
702,703
235,652
(46,023)|
|||892,332|
- 17 -