Charity registration number: 1178619
## **WEYMOUTH SAILING CLUB CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025**
Chartered Accountants
**WEYMOUTH SAILING CLUB CIO**
## **CONTENTS (CONTINUED)**
|Trustees' Report|1 to 4|
|---|---|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 16|
**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 2025.
## **Objectives and Activities**
## Object
The object of the CIO is to promote and facilitate community participation in healthy recreation by providing facilities for sailing to those residents in the local and greater Weymouth area and surrounding regions.
## Summary of the main activities
Weymouth Sailing Club (WSC), founded 1913, has a clubhouse, boatyards and sheltered moorings situated on the south side of Weymouth Harbour with ready access to Weymouth Bay, home of the 2012 Olympic sailing events. The main activities of the club are dinghy racing, yacht racing, coastal cruising and training courses. In addition, the club offers a comprehensive social programme.
The clubhouse, which belongs to the charity, has an open plan bar/dining area, kitchen and small office upstairs, and changing rooms, lecture room and various stores downstairs. The clubroom can accommodate functions for more than 100 people. The training room was adapted from a boatshed with help from Sport England and is also used by Weymouth Rowing Club for fitness training on rowing machines.
WSC operates 66 ‘walk on’ berths and 29 fore and aft moorings which can accommodate yachts up to 10m LOA and 2m draft. The yard is well equipped with two cranes and a ‘lifter-shifter’ which enables the winter storage of up to 40 yachts. During the summer the yard is used for the storage of approximately 50 sailing dinghies which launch on a wide ramp, also part of the yard. The cranes are also used by the nearby Weymouth Sea Cadet Training Centre. The yard and moorings are leased from Dorset Council with renewal due in 2039.
The club owns a committee boat, a safety boat and a number of sailing boats for the ‘Youth on Boats’ programme. Ordinary members may also use the boats for a small fee.
WSC had approximately 480 members and 220 associate (Weymouth Rowing Club) members at the end of the reporting year. The membership fee structure is regularly reviewed 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. There are no joining fees and no additional charges to enter club competitions or to use the clubhouse facilities. Prospective members may visit the Club on up to six occasions before being expected to join. Subscriptions and fees compare favourably with other sailing clubs on the south coast because of the strong self-help ethos within the club, wherever possible tasks are undertaken by volunteers.
The club provides a public benefit by allowing the local Sea Cadets to use the yard facilities, by extending associate membership to Weymouth Rowing Club’s 200 members and by encouraging local children of all backgrounds to join in the ‘Youth on Boats’ programme with financial support if needed.
## **Achievements and Performance**
Summary of the main achievements of the charity during the year
During 2025 racing was organised on summer evenings and weekends from April to September, and on weekends only from October to December. In July WSC hosted the four day SB20 sports boat National Championships with participants from several other clubs. Hosting championships requires a great deal of volunteer effort both on and off the water. The club also encourages members to take part in open events at other clubs, offshore racing and cruising under sail. During the 2025 season the club organised cruises-in-company to destinations along the South Coast, the Channel Islands, Normandy and Brittany, including the popular solstice cruise to Cherbourg. In a typical summer week some 150 members, including race management and safety teams, take part in club organised sailing activities.
- 1 -
**WEYMOUTH SAILING CLUB CIO**
## **TRUSTEES' REPORT (CONTINUED)**
On Monday evenings the ‘Social Cruises’ around Weymouth Bay continued for those preferring to sail but not race. WSC owns a variety of boats suitable for sailors of all ages and skill levels which were used by members in return for a voluntary contribution to maintenance. On Friday evenings during the summer ‘Club Nights’ encouraged members old and new to get out on the water with ‘old hands’ helping less experienced members gain confidence in their boat handling, sail setting, etc.
The ‘Youth on Boats’ (YOBs) training group of approximately 35 cadets and 10 adult supervisors sailed on Friday evenings from May to October. The YOBs have been operating for more than 20 years and are an important part of the club’s activities, several of the cadets have become very successful sailors.
There was a major overhaul of the moorings downstream of the club this year. Eleven new ‘walk on’ berths were created, and the remaining fore and aft moorings were updated to improve access and reduce the cost of maintenance.
On the social side WSC has been pleased to host the SB 20 National Championships and also visits by the Junior Offshore Group and the Poole Yacht Racing Association all of whom said how much they appreciated and enjoyed the club’s hospitality. Sadly, bad weather prevented the Trans Manche race from Cherbourg taking place this year.
There were also a variety of functions in the club - music and quiz nights, an autumn lunch and two regatta BBQs. The Christmas Party, Commodore’s Pimms Party and Summer Ball were also a great success. These events give the club recognition and promote solidarity within the wider sailing community as well as giving club members focus and a sense of community and togetherness.
As an RYA-recognised training establishment WSC provided Day Skipper (shore based), VHF short range radio, Power Boat level 2, Safety Boat and First Aid courses. Twenty one members participated in the shore-based RYA Day Skippers course, and numerous members took advantage of the other courses. The club also provided informal training for race officers, committee boat drivers, mark layers and crane users.
Many members volunteered to help with the maintenance of the clubhouse, yard and moorings which greatly reduced the running costs of the club.
## **Financial Review**
The Charity's operations for the year achieved donations, grants and other fundraising income of £9,773 (2024 - £7,538), income from charitable activities of £195,660 (2024 - £186,627), income from other trading activities of £65,295 (2024 - £72,199) and interest received of £4,285 (2024 - £4,539). Total expenditure amounted to £250,717 (2024 - £253,796), resulting in a net surplus of £24,296 (2024 - £17,107).
## 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), generally considered as a proportion of the amount reported as net current assets in the balance sheet on page 6, are generally deployed in maintaining facilities that attract and retain members.
The reserve policy is based on maintaining equipment and facilities and scheduled replacement of equipment essential for the ongoing uninterrupted operations of the club and to cover any potential high level risk events as identified in the risk register. The reserve is currently set at £70k but is under review.
## **Structure, Governance, and Management**
Weymouth Sailing Club is a Charitable Incorporated Organisation (CIO) governed by a constitution adopted and registered with the Charity Commission on 4 June 2018.
The trustees supervise the affairs of the CIO by setting policies, approving budgets and reviewing risks. There must be at least three and a maximum of five trustees elected or appointed in accordance with the Constitution. Trustees retire in rotation and are elected, or re-elected, at the Annual General Meeting.
- 2 -
**WEYMOUTH SAILING CLUB CIO**
## **TRUSTEES' REPORT (CONTINUED)**
Under a Scheme of Delegation, the trustees delegate the operational management of the club to an elected General Committee composed of the four flag officers, general secretary, treasurer and three members’ representatives.
## **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 and Keeping Limited|
||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: P Calver, Chair (resigned 16 October 2025) S Vines S Fraser A R A Gaunt (appointed 9 April 2025 and resigned 16 October 2025) S J Homan-Berry (appointed 17 November 2025) H Keedy (resigned 9 October 2025) S Riches (resigned 9 March 2025)
- 3 -
**WEYMOUTH SAILING CLUB CIO**
## **TRUSTEES' REPORT (CONTINUED)**
## **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 Charities (Accounts and Reports) Regulations 2008, 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 trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 31 January 2026 and signed on its behalf by:
S Vines Trustee
S Fraser Trustee
- 4 -
## **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 2025.
## **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 and Keeping Limited Chartered Accountants
Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA
31 January 2026
- 5 -
## **WEYMOUTH SAILING CLUB CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_ **(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
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**£**
2,773
195,660
65,295
4,285
268,013
(250,717)
17,296
3,500
20,796
906,462
927,258|**Restricted**
**£**
7,000
-
-
-
7,000
-
7,000
(3,500)
3,500
-
3,500|**Total**
**2025**
**£**
9,773
195,660
65,295
4,285
275,013
(250,717)
24,296
-
24,296
906,462
930,758|**Total**
**2024**
**£**
7,538
186,627
72,199
4,539|
|---|---|---|---|---|
|||||270,903
(253,796)|
|||||17,107
-|
|||||17,107
889,355|
|||||906,462|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
- 6 -
## **WEYMOUTH SAILING CLUB CIO**
## **(REGISTRATION NUMBER: 1178619) BALANCE SHEET AS AT 30 SEPTEMBER 2025**
|**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:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2025**
**£**
820,660
2,360
52,474
136,741
191,575
(81,477)
110,098
930,758
3,500
927,258
930,758|**2024**
**£**
703,379
2,556
14,536
214,798|
|---|---|---|
|||231,890
(28,807)|
|||203,083|
|||906,462|
|||-
906,462|
|||906,462|
The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 31 January 2026 and signed on their behalf by:
S Vines Trustee
S Fraser Trustee
- 7 -
**WEYMOUTH SAILING CLUB CIO**
**NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025**_
## **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.
## **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.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
- 8 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **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.
- 9 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **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 Various rates of straight line Fixtures and equipment 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.
## **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.
- 10 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **2 Income from donations and legacies**
## **Unrestricted**
|Donations;
Appeals and donations
Appeals and donations
Cadets donations and
fundraising|**General**
**£**
-
462
2,311
2,773|**Restricted**
**£**
7,000
-
-
7,000|**Total**
**2025**
**£**
7,000
462
2,311
9,773|**Total**
**2024**
**£**
-
4,825
2,713|
|---|---|---|---|---|
|||||7,538|
## **3 Income from charitable activities**
## **Unrestricted**
|Subscriptions
Crane income
Yard storage
Moorings income
Locker hire
Open meetings income
Club boats income
Training school income
IRC certificates income
**4**
**Income from other trading activities**
Trading income;
Bar sales
Hot tap income
House sales
Events income;
Social events income
Other income|**General**
**£**
53,710
50
27,910
96,158
1,584
2,110
40
11,298
2,800
195,660
**Unrestricted**
**General**
**£**
49,838
150
8,899
6,258
150
65,295|**Total**
**2025**
**£**
53,710
50
27,910
96,158
1,584
2,110
40
11,298
2,800
195,660
**Total**
**2025**
**£**
49,838
150
8,899
6,258
150
65,295|**Total**
**2024**
**£**
51,816
636
27,522
92,496
2,020
4,602
(30)
5,991
1,574|
|---|---|---|---|
||||186,627|
||||**Total**
**2024**
**£**
60,967
188
-
10,784
260|
||||72,199|
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**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **5 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
4,285|**Total**
**2025**
**£**
4,285|**Total**
**2024**
**£**
4,539|
|---|---|---|---|
## **6 Expenditure**
|**Note**
Bar purchases
Catering and galley expenses
Club race event expenses
Club squib costs
Social event expenses
Training school expenses
Wages and salaries
Casual wages
Rent
Rates
Utilities
Insurance
House running costs
Repairs and maintenance
IT and telephone
Printing, postage and stationery
Subscriptions and magazines
Cadets expenses
IRC certificates expenses
Cleaning, refuse collection and other sundries
Sundry expenses
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|**Unrestricted**
**General**
**£**
24,036
7,342
2,755
10
5,601
9,874
14,467
890
57,586
3,282
8,163
13,810
4,531
28,256
6,129
448
1,689
1,153
4,422
6,826
43
8,262
810
-
101
2,580
37,451
200
250,717|**Total**
**2025**
**£**
24,036
7,342
2,755
10
5,601
9,874
14,467
890
57,586
3,282
8,163
13,810
4,531
28,256
6,129
448
1,689
1,153
4,422
6,826
43
8,262
810
-
101
2,580
37,451
200
250,717|**Total**
**2024**
**£**
28,338
629
7,533
42
11,573
3,615
12,234
-
55,921
2,499
7,878
12,700
10,828
44,642
5,402
123
875
2,223
3,811
6,916
-
5,671
773
320
104
2,343
29,553
(2,750)|
|---|---|---|---|
||||253,796|
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**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **7 Net incoming/outgoing resources**
Net incoming resources for the year include:
|Depreciation of fixed assets|**2025**
**£**
37,451|**2024**
**£**
29,553|
|---|---|---|
## **8 Trustees remuneration and expenses**
All 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 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|**2025**
**£**
14,467|**2024**
**£**
12,234|
|---|---|---|
The monthly average number of persons employed by the charity during the year was as follows:
|**2025**
**No**
Payroll employees
4
No employee received emoluments of more than £60,000 during the year|**2024**
**No**
3|
|---|---|
|||
## **10 Independent examiner's remuneration**
|Examination of the financial statements
**Other fees to examiners**
Accountancy and other services|**2025**
**£**
810
8,262|**2024**
**£**
773|
|---|---|---|
|||5,671|
- 13 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **11 Tangible fixed assets**
|**Cost**
At 1 October 2024
Additions
Disposals
At 30 September 2025
**Depreciation**
At 1 October 2024
Charge for the year
Eliminated on disposals
At 30 September 2025
**Net book value**
At 30 September 2025
At 30 September 2024
**12 Debtors**
Trade debtors
Prepayments
Other debtors
**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**
**£**
377,661
161,932
(8,000)
531,593
124,282
37,451
(800)
160,933
370,660
253,379
**2025**
**£**
42,126
10,302
46
52,474
**2025**
**£**
136,741
**2025**
**£**
1,494
50
332
79,601
81,477|**Fixtures and**
**equipment**
**£**
377,661
161,932
(8,000)
531,593
124,282
37,451
(800)
160,933
370,660
253,379
**2025**
**£**
42,126
10,302
46
52,474
**2025**
**£**
136,741
**2025**
**£**
1,494
50
332
79,601
81,477|**Total**
**£**
827,661
161,932
(8,000)
981,593
124,282
37,451
(800)
160,933
820,660
703,379
**2024**
**£**
3,772
10,719
45|
|---|---|---|---|---|---|
||450,000|||||
||-
-
-|||||
||-||160,933|||
||450,000||370,660|||
||450,000||253,379|||
||||**2025**
**£**
42,126
10,302
46
52,474
**2025**
**£**
136,741
**2025**
**£**
1,494
50
332
79,601
81,477|||
||||||14,536|
||||||**2024**
**£**
214,798|
||||||**2024**
**£**
4,607
50
2,849
21,301|
||||||28,807|
- 14 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **15 Funds**
|**Unrestricted**
**_General_**
Members Fund
Cadets Fund
Squib Fund
**Restricted**
HalSail SB20 Donation
**Total funds**
**Unrestricted**
**_General_**
Members Fund
Cadets Fund
Squib Fund|**Balance at**
**1**
**October**
**2024**
**£**
899,736
6,309
417
906,462
-
906,462
**Balance at**
**1**
**October**
**2023**
**£**
883,536
5,819
-
889,355|**Incoming**
**resources**
**£**
265,702
2,311
-
268,013
7,000
275,013
**Incoming**
**resources**
**£**
268,190
2,713
-
270,903|**Resources**
**expended**
**£**
(249,554)
(1,153)
(10)
(250,717)
-
(250,717)
**Resources**
**expended**
**£**
(251,531)
(2,223)
(42)
(253,796)|**Transfers**
**£**
3,500
-
-
3,500
(3,500)
-
**Transfers**
**£**
(459)
-
459
-|**Balance at**
**30**
**September**
**2025**
**£**
919,384
7,467
407|
|---|---|---|---|---|---|
||||||927,258
3,500|
||||||930,758|
||||||**Balance at**
**30**
**September**
**2024**
**£**
899,736
6,309
417|
||||||906,462|
The specific purposes for which the funds are to be applied are as follows:
The HalSail SB20 Donation fund represents a donation made to the Charity for development of an SB20 fleet of boats.
The transfer of £3,500 from the restricted HalSail SB20 Donation fund to the Members Fund represents the purchase of an SB20 sailing boat, which has been accounted for as a tangible fixed asset and is for the general use of the Charity.
- 15 -
**WEYMOUTH SAILING CLUB CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2025 (CONTINUED)**_
## **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**
**£**
820,660
188,075
(81,477)
927,258|**Restricted**
**funds**
**£**
-
3,500
-
3,500
**Unrestricted**
**funds**
**General**
**£**
703,379
231,890
(28,807)
906,462|**Total funds**
**at 30**
**September**
**2025**
**£**
820,660
191,575
(81,477)|
||||930,758|
||||**Total funds**
**at 30**
**September**
**2024**
**£**
703,379
231,890
(28,807)|
||||906,462|
## **17 Related party transactions**
There were no related party transactions in the year.
- 16 -