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: - Michael Daly; - Nigel Gary Lipscombe; - Gillian Mary Fawcett; and - 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: - 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; - 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. - The racing programme was supplemented with regular practice sessions, Family & Improver days, Cadet activities and informal evening sailing. - Our sail training fleet was enhanced by the purchase of two new RS Fusion dinghies. - Our Sailing School ran a successful RYA certificate sailing course in the early Summer. - 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. - We also ran power boat courses for members to qualify with the RYA PB2 certificate. - 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. - We provided organisation and safety cover for the Raft Race at Shepperton Fair. - 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. - 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. - 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. - 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**| |---|---|---|---| ## **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**| |---|---|---|---| ## **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**| |---|---|---|---| ## **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**| |---|---|---|---| ## **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**| |---|---|---|---|---| ## **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**| |---|---|---|---|---| ## **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)**| |---|---|---|---|---|---|---| ## **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. furtlY yeirended 31 DEcernbEr 2024. Thls report ￿M￿￿tS0￿ tothe fftt1rkns.asa boty. In accordBnce**hthtCh&rtl*esAct20l1. v4or* fias been undertaken so that l rnyht siafe to the Mawtment C