Desborough Sailing Club (DSC)
Ferry Lane, Shepperton, Surrey TW17 9LQ Charitable lncorporated Organisation Registered Charity No. 1181243
Annual Report For the period 1 January to 31 December 2024
Introduction
The annual accounts are formally approved by the AGM and form part of this report. Trustees are appointed or reappointed each year by the AGM in accordance with the constitution.
Desborough Sailing Club is a charitable incorporated organisation, incorporated on 18 December 2018, using the association model.
The names of the trustees (both those in office when the accounts were signed and any who served at any time during the accounting year) are as follows:
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Michael Daly;
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Nigel Gary Lipscombe;
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Gillian Mary Fawcett; and
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Philip Toye
The name and address of the CIO's bank is National Westminster Bank Plc, Registered Office 250 Bishopsgate, London, EC2M 4AA.
The name and address of the Independent Examiner is Trevor James FCA DChA FCIE, Dormer Cottage, West Broyle, Chichester, West Sussex PO19 3PR.
Objects
The objects of the CIO are:
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a) the promotion of community participation in healthy recreation, by the provision and maintenance of facilities for water sports with a particular emphasis on amateur sailboat racing and cruising;
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b) the provision of safe facilities for teaching and practicing the skills of sailing dinghies, yachts and boats under power.
How These Objects Were Achieved
- We ran most of our full year race programme with events for both dinghy sailing, skiffing and cruiser sailing, although flooding and fast
stream conditions meant that races were cancelled at the beginning and the end of the season.
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The racing programme was supplemented with regular practice sessions, Family & Improver days, Cadet activities and informal evening sailing.
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Our sail training fleet was enhanced by the purchase of two new RS Fusion dinghies.
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Our Sailing School ran a successful RYA certificate sailing course in the early Summer.
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Our skiffing members ran a successful youth training course at the club introducing local young people to rowing. Many of them had no previous experience of boating. The course participants then took part in the Edith Topsfield Junior Regatta, a local event founded in 1932 for children aged 7 to 16.
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We also ran power boat courses for members to qualify with the RYA PB2 certificate.
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The Club assists other types of local club on the river and has provided safety boat cover and shore-based facilities for a number of events including Weybridge Rowing Club’s Summer Regatta, The Silver Sculls, and Elmbridge Canoe Club’s Haslar. Again, some events were cancelled due to unsuitable river conditions.
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We provided organisation and safety cover for the Raft Race at Shepperton Fair.
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Sailing and boating activity was supported by a programme of social events. The weather and flooding took a toll on these events in 2024 and some were delayed or forced to take place off-site.
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Some DSC Cadets built on the previous year’s success in the Topper class of dinghy. This year they achieved excellent results racing at the Topper World Championship week in Spain.
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The Club hosted an Open race meeting for the British Moth class dinghy, which has strong historical associations with DSC. This attracted competitors from around the country.
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We had several meetings with Feltham Sea Scouts who had a boat they wished to keep at the club. We offered to host their activities but, in the end, they did not manage to organise their visits. We hope that this year, with arrangements fully prepared last year, they will be able to progress this project and introduce their Scouts to water based activities at Desborough.
Financial Summary
The finances of the club remain strong and are in good shape for the year ahead.
Our income from membership fees remained stable, increasing slightly to just over £40,000 and we continue to release grant income from previously awarded grants.
Our financial objective continues to ensure that we operate within our means over time, against a backdrop of financial prudence and stability.
This year, the club made a small loss of just over £1,800, reducing the loss of nearly £6,300 last year. We continue to see our costs increase year on year, but seek to limit increases in membership fees.
There was an overall small net cash outflow of just over £500 after all costs. Cash balances decreased slightly to just over £86,700 at the end of the year and we hold funds in interest bearing, instant access deposit accounts. During the year, we capitalized the cash spend on two new dinghies for our training school of just under £9,000, improving the quality of our club boats.
Facilities
The large club site is leasehold. The main building is the clubhouse. Onshore berths are available for members to keep dinghies and canoes, skiffs and punts, while larger sailing boats (“cruisers”) can be kept onshore or on moorings.
2024 investment in facilities has been largely restricted to repairs and maintenance of the clubhouse and grounds. We have been unable to justify investment in improvements while we waited for the results of the River Thames Scheme statutory public consultation, especially as one of the proposed plans would have involved knocking down the clubhouse and relocating it further up-river. That plan has not been chosen, but uncertainty remains on how we may be affected by the currently proposed works, and the knock-on effect this will have on our landlord.
Following a long struggle for planning permission our skiff rowing members have built a new boat shelter to protect their skiffs from the elements.
There are two slipways for dinghies and one for larger boats, along with extensive pontoons and jetties. These have been damaged by river flooding and repairs are a regular task.
The club maintains a fleet of sailing dinghies for use by the training school or for rent to members, and members are encouraged to have their own dinghies, skiffs and sailing cruisers.
Signed on behalf of the Trustees:
Mike Daly, Commodore
DESBOROUGH SAILING CLUB
Financial Statements for the Year Ended 31 December 2024
Charity Number: 1181243
DESBOROUGH SAILING CLUB
Statement of Financial Activities for the Year Ended 31 December 2024
| Sailing Club Income £ Donations and legacies - Investments 982 Charitable activities 46,810 Other income - Total Income 47,793 Expenditure Charitable activities 48,973 Total expenditure 48,973 Net gains/ (losses) on investments/ proper - Net income/ (expenditure) (1,180) Transfer between funds (632) Net movement in funds (1,812) Reconciliation of funds Total funds brought forward 105,294 Total funds carried forward 103,482 |
Training School £ - - 1,323 - 1,323 1,635 1,635 - (312) 312 - - - |
Catering and Bar £ - - - 3,432 3,432 3,752 3,752 - (320) 320 - - - |
Total 2024 £ - 982 48,133 3,432 52,548 54,360 54,360 - (1,812) - (1,812) 105,294 103,482 |
Total 2023 | ||||
|---|---|---|---|---|---|---|---|---|
| £ - 206 49,557 5,351 55,114 61,409 61,409 - (6,295) - (6,295) 111,590 105,294 |
The statement of financial activities includes all gains and losses recognised in the year.
The notes form part of these financial statements.
DESBOROUGH SAILING CLUB
Income and Expenditure Account for the Year Ended 31 December 2024
| Club, excluding DSC Training 2024 Income Note Subscriptions 40,015 Entry fees 100 Hire of Club boats - Catering and Bar 1 (320) Safety boat - river events - Social events and Clubhouse hire - Profit on disposal of Club property 200 Miscellaneous - Bank interest (net of tax) 982 Grant income released 2 6,495 Total Income 47,473 Expenditure Advertising 540 Clubhouse 2,392 Grounds 1,105 Landlord 9,091 Environment Agency 3,734 Insurance 7,078 Utilities 4,630 Repairs Club equipment 602 Club dinghies 158 Safety boats 247 Administration 663 Trophies 1,064 Charitable and other donations 20 Subscriptions paid 810 TV Licence/ performing rights 746 Depreciation 3 16,094 Miscellaneous - Total expenditure 48,973 Surplus/ (Deficit) excluding DSC Training (1,500) Surplus/ (Deficit) on DSC training Page 2 (312) Prior Year Adjustment - Total Surplus/ (Deficit) (1,812) |
2023 £ 38,759 - 15 175 250 - - - 206 6,495 45,900 - 7,459 1,023 8,826 3,537 6,716 5,245 30 - 149 363 1,113 20 740 620 15,557 169 51,566 (5,665) (630) - (6,295) |
2022 £ 39,356 - 33 1,522 350 253 - 151 3 6,495 48,164 336 1,923 2,182 8,569 3,419 6,282 3,147 299 - 165 299 1,208 70 710 491 14,662 - 43,762 4,402 (319) - 4,083 |
2021 £ 38,321 - - 2,154 400 84 - 6,242 - 6,331 53,533 - 1,827 14,463 8,569 3,628 6,069 2,539 - - 162 233 768 25 670 472 13,168 190 52,783 750 1,039 (1,000) 789 |
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DESBOROUGH SAILING CLUB TRAINING SCHOOL
Income and Expenditure for the Year Ended 31 December 2024
| Income 2024 £ Training Income 1,323 Total Income 1,323 Expenditure General 1,115 Instructor Training/ Power Boat Training 60 Dinghy Hire / External Instructors 243 Depreciation 3 217 Total Expenditure 1,635 Surplus/ (Deficit) (312) |
2023 £ 4,037 4,037 1,161 1,227 1,076 1,204 4,667 (630) |
2022 £ 5,815 5,815 2,229 75 2,272 1,558 6,134 (319) |
2021 £ 5,841 5,841 1,994 - 1,250 1,558 4,802 1,039 |
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DESBOROUGH SAILING CLUB Balance Sheet as at 31 December 2024
| 2024 £ £ Note Fixed assets Property and Equipment 3 21,794 Current assets Bar and tea bar stock 1 1,686 Debtors and prepayments 60 Cash at bank 86,709 Cash in hand (floats) 480 88,935 Current liabilities Creditors and accruals (636) Unspent grants carried forward 2 (6,611) Net Assets 103,482 Represented by General Reserve 66,414 Roof replacement reserve 10,500 Risk reserve 26,568 103,482 |
2023 £ £ 29,149 1,722 156 87,245 480 89,603 (352) (13,106) 105,294 68,226 10,500 26,568 105,294 |
2022 £ £ 45,910 1,515 237 82,880 649 85,281 - (19,602) 111,590 74,521 10,500 26,568 111,590 |
2021 £ £ 60,926 1,722 - 69,980 649 72,351 (496) (25,275) 107,506 70,438 10,500 26,568 107,506 |
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DESBOROUGH SAILING CLUB
Cash Flow Statement for the Year Ended 31 December 2024
| 2024 £ £ Note Surplus/ (Deficit) for the year (1,812) Less: spending on fixed assets (8,955) Grants received - Adjustment for non-cash items Depreciation 3 16,311 Grants released in year 2 (6,495) 9,816 Changes in working capital (Dec)/ Inc in other creditors 284 Dec/ (Inc) in debtors/prepayments 96 Dec/ (Inc) in bar stock 36 416 Net cash inflow (536) Cash and bank balances at start of year 87,724 Cash and bank balances at end of year 87,189 |
2023 £ £ (6,295) - - 16,761 (6,495) 10,265 352 81 (207) 226 4,196 83,528 87,724 |
2022 £ £ 4,083 (1,203) 822 16,220 (6,495) 9,724 (496) (237) 207 (526) 12,900 70,628 83,528 |
2021 £ £ 793 (5,159) - 14,725 (6,331) 8,394 (3,280) 1,246 (702) (2,736) 1,292 69,336 70,628 |
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DESBOROUGH SAILING CLUB
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Catering & Bar
| Income Daily Takings Events Total Income Closing Stock Closing stock Costs (Inc)/ Dec in stock Expenditure, including stock Other Total expenditure Surplus |
2024 £ 3,432 - 3,432 1,686 36 3,716 - 3,752 (320) |
2023 £ 4,256 1,095 5,351 1,722 (207) 5,383 - 5,176 175 |
2022 £ 5,677 - 5,677 1,515 207 3,701 248 4,155 1,522 |
2021 £ 6,539 - 6,539 1,722 (702) 5,087 - 4,385 2,154 |
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2 Grants
Grants for revenue expenditure are taken to income in the year received. Grants for the purchase of fixed assets are credited to income at the same rate as the corresponding assets are depreciated.
| 2021 Brought forward Additions Released End year 2022 Brought forward Additions Released End year 2023 Brought forward Additions Released End year 2024 Brought forward Additions Released End year |
Sport England £ 22,727 - (4,545) 18,182 18,182 - (4,545) 13,636 13,636 - (4,545) 9,091 9,091 - (4,545) 4,545 |
Disabled Toilet and Engine locker £ 8,682 - (1,736) 6,946 6,946 - (1,736) 5,209 5,209 - (1,736) 3,473 3,473 - (1,736) 1,736 |
Other £ 197 - (49) 148 148 822 (214) 756 756 - (214) 542 542 - (214) 329 |
TOTAL £ 31,606 - (6,331) 25,275 25,275 822 (6,495) 19,602 19,602 - (6,495) 13,106 13,106 - (6,495) 6,611 |
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3 Fixed Assets and Depreciation
Depreciation rates used are as follows:
Dinghies, boats, outboards, trolleys 20% straight line on cost Shore side equipment 20% straight line on cost
Additions to leasehold buildings are written off over remainder of lease period, less 1 year.
| 2021 Net book value at start of year Additions during the year NBV of disposals during year Depreciation charge for year Net book value at year end 2022 Net book value at start of year Additions during the year NBV of disposals during year Depreciation charge for year Net book value at year end 2023 Net book value at start of year Additions during the year NBV of disposals during year Depreciation charge for year Net book value at year end 2024 Net book value at start of year Additions during the year NBV of disposals during year Depreciation charge for year Net book value at year end Current year depreciation Training School depreciation Club depreciation |
Total dinghies and trolleys etc £ 3,451 667 - (1,290) 2,828 2,828 - - (1,290) 1,539 1,539 - - (1,140) 399 399 8,955 - (2,056) 7,298 (217) (1,839) (2,056) |
Total p/boats £ 408 - - (204) 204 204 - - (204) - - - - - - - - - - - - - - |
Total engines £ - - - - - - 1,203 - (241) 962 962 - - (241) 722 722 - - (241) 481 - (241) (241) |
Total equipment £ 1,055 4,492 - (116) 5,430 5,430 - - (1,369) 4,061 4,061 - - (2,264) 1,797 1,797 - - (898) 898 - (898) (898) |
Total building £ 65,580 - - (13,116) 52,464 52,464 - - (13,116) 39,348 39,348 - - (13,116) 26,232 26,232 - - (13,116) 13,116 - (13,116) (13,116) |
Total assets £ 70,493 5,159 - (14,725) 60,926 60,926 1,203 - (16,220) 45,910 45,910 - - (16,761) 29,149 29,149 8,955 - (16,311) 21,794 (217) (16,094) (16,311) |
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4 Trustee Remuneration and Expenses
None of the Trustees or persons connected with them received any remuneration, benefits or reimbursement of expenses for work as a trustee (2023: None) . Any claim for expenses would be subject to the Club's normal internal control procedures.
5 Related Parties
All of the Trustees are members of the Desborough Sailing Club and are directly involved in its activities. They and those connected with them benefit from the Club’s activities and facilities on the same basis as other members of the Club.
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