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 2025** ## **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 (retired 23 March 2025) - Anne-Marie Walsh (appointed 23 March 2025) - Nigel Gary Lipscombe; - Robert Wayne Steer - 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; and - 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 delivered a full year of racing activities, including programmes for dinghy sailing, Skiffing, and cruiser sailing. The racing calendar was complemented by regular practice sessions, Family & Improver Days, cadet activities, and informal evening sailing. Our Sailing School successfully ran an RYA-certified sailing course in early summer, with 18 youths gaining an RYA qualification. Our Skiffing members hosted a well-attended Sunbury Regatta in August for both adults and juniors, supported by additional training sessions. During the year, the Skiffing Club became guardians of _Cutter_ , now based at the club. Cutter belongs to the Worshipful Company of Glaziers, one of the historic Livery Companies, and we are pleased to host and care for her. The Club supported other local river-based organisations by providing safety boat cover and shore facilities for several events, including Elmbridge Canoe Club’s Haslar. We organised and provided safety cover for the Raft Race at Shepperton Fair. Sailing and boating activities were complemented by a varied programme of social events, such as Rock on the River (an evening of music and dance), a ladies social evening with games, a quiz night and a Hog Roast. All of these were open to members and their families. The Club hosted an Open Meeting for the British Moth class (which has strong historical links with the club), attracting competitors from across the country. Members also enjoyed participating in several inter-club events, including the Mid Thames Trophy and the Staines/DSC challenge, both of which our team successfully won. _Push The Boat Out_ was promoted within the local community and attracted members of the public to the club with an interest in learning to sail. ## **Financial Summary** The finances of the club remain in good shape, allowing the club to meet its objectives over the next financial year. The balance sheet is strong, with a healthy bank balance. Our financial objective continues to ensure that we operate within our means over time, against a backdrop of financial prudence and stability. Our income from membership fees fell slightly to just under £37,000, but we were fortunate to be bequeathed a donation of £1,000. The club has now substantively released all its previously awarded grants to income. Whilst we continue to see scheduled increases in rental costs and pressure in some of our other important costs (for example insurance and Environmental Agency charges), costs remain under control, and in the year ended 31 December 2025 we wrote down our our fixed asset cost in relation to the clubhouse to £nil, as planned. In other words, the club will incur a relatively small depreciation charge in 2026. The club made a small loss of just under £5,300, around £3,500 more than last year’s loss. There was an overall net cash inflow of just under £4,700 after all costs and obligations were met. Our cash held at the bank increased by just over £5,100 to £91,800 at the end of the year, and we hold funds in interest bearing, instant access deposit accounts. The accounts have been prepared on the going concern basis as we look to agree a lease renewal on the expiry, on 24 March 2027, of our current lease. ## **Facilities** The club operates under a lease arrangement. The Management Committee continues working to negotiate and secure a renewal of the current lease which expires at the end of March 2027. 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. Investment in 2025 in the club’s facilities was largely focused on day-to-day repairs and maintenance of the clubhouse and grounds. 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: Anne-Marie Walsh, Commodore ## **DESBOROUGH SAILING CLUB** **Financial Statements for the Year Ended 31 December 2025** Charity Number: 1181243 ## **DESBOROUGH SAILING CLUB** ## **Statement of Financial Activities for the Year Ended 31 December 2025** |**Income**
Donations and legacies
Investments
Charitable activities
Other income
**Total Income**
**Expenditure**
Charitable activities
**Total expenditure**
Net gains/ (losses) on investments/ property
**Net income/ (expenditure)**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**||**Sailing**
**Club**
_£_
1,000
775
44,004
-
**45,779**
50,535
**50,535**
-
**(4,756)**
**(515)**
**(5,271)**
103,482
**98,211**||**Training**
**School**
_£_
-
-
2,868
-
**2,868**
3,688
**3,688**
-
**(820)**
**820**
**-**
-
-||**Catering**
**and Bar**
_£_
-
-
-
5,790
**5,790**
5,484
**5,484**
-
**306**
**(306)**
**-**
-
-|**Total 2025**
**_£_**
**1,000**
**775**
**46,872**
**5,790**
**54,437**
**59,707**
**59,707**
**-**
**(5,271)**
**-**
**(5,271)**
**103,482**
**98,211**|**Total 2024**
**_£_**
**-**
**982**
**48,133**
**3,432**
**52,548**
**54,360**
**54,360**
**-**
**(1,812)**
**-**
**(1,812)**
**105,294**
**103,482**| |---|---|---|---|---|---|---|---|---| 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 2025** |**Club, excluding DSC Training**
**2025**
**Income**
_£_
**Note**
Subscriptions
36,984
Mooring fees
333
Entry fees
-
Hire of Club boats
40
Catering and Bar
**1**
306
Safety boat - river events
-
Social events and Clubhouse hire
-
Profit on disposal of Club property
200
Donations and trophy sponsorship
1,000
Miscellaneous
-
Bank interest (net of tax)
775
Grant income released
**2**
6,446
**Total Income**
**46,085**
**Expenditure**
Advertising
570
Clubhouse
1,491
Grounds
2,046
Landlord
9,363
Environment Agency
3,851
Insurance
7,827
Utilities
3,941
Repairs Club equipment
1,742
Club dinghies
161
Safety boats
-
Administration
906
Trophies
828
Charitable and other donations
20
Subscriptions paid
840
TV Licence/ performing rights
855
Depreciation
**3**
16,094
Miscellaneous
-
**Total expenditure**
**50,535**
**Surplus/ (Deficit) excluding DSC Training**
**(4,450)**
**Surplus/ (Deficit) on DSC training**
**Page 2**
**(820)**
Prior Year Adjustment
-
**Total Surplus/ (Deficit)**
**(5,271)**|**2024**
_£_
40,015
-
100
-
(320)
-
-
200
-
-
982
6,495
**47,473**
540
2,392
1,105
9,091
3,734
7,078
4,630
602
158
247
663
1,064
20
810
746
16,094
-
**48,973**
**(1,500)**
**(312)**
-
**(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**| |---|---|---|---| ## **DESBOROUGH SAILING CLUB TRAINING SCHOOL** ## **Income and Expenditure for the Year Ended 31 December 2025** |**Income**
**2025**
_£_
Training Income
2,868
**Total Income**
**2,868**
**Expenditure**
General
2,073
Instructor Training/ Power Boat Training
903
Dinghy Hire / External Instructors
628
Depreciation
**3**
85
**Total Expenditure**
**3,688**
**Surplus/ (Deficit)**
**(820)**|**2024**
_£_
1,323
**1,323**
1,115
60
243
217
**1,635**
**(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)**| |---|---|---|---| ## **DESBOROUGH SAILING CLUB Balance Sheet as at 31 December 2025** |**2025**
**2024**
_£_
_£_
_£_
_£_
**Note**
**Fixed assets**
Property and Equipment
**3**
5,614
21,794
**Current assets**
Bar and tea bar stock
**1**
1,562
1,686
Debtors and prepayments
-
60
Cash at bank
91,847
86,709
Cash in hand (floats)
30
480
93,439
88,935
**Current liabilities**
Creditors and accruals
(678)
(636)
Unspent grants carried forward
**2**
(164)
(6,611)
**Net Assets**
**98,211**
**103,482**
**Represented by**
General Reserve
61,143
66,414
Roof replacement reserve
10,500
10,500
Risk reserve
26,568
26,568
**98,211**
**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**| |---|---|---| ## **DESBOROUGH SAILING CLUB** ## **Cash Flow Statement for the Year Ended 31 December 2025** |**2025**
_£_
_£_
**Note**
**Surplus/ (Deficit) for the year**
**(5,271)**
Less: spending on fixed assets
-
Grants received
-
**Adjustment for non-cash items**
Depreciation
**3**
**16,179**
Grants released in year
**2**
**(6,446)**
**9,733**
**Changes in working capital**
(Dec)/ Inc in other creditors
42
Dec/ (Inc) in debtors/prepayments
60
Dec/ (Inc) in bar stock
124
225
**Net cash inflow**
**4,688**
Cash and bank balances at start of year
87,189
**Cash and bank balances at end of year**
**91,876**|**2024**
_£_
_£_
**(1,812)**
(8,955)
-
16,311
(6,495)
9,816
284
96
36
416
**(536)**
87,724
**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
(527)
**12,900**
70,629
**83,528**| |---|---|---|---| ## **DESBOROUGH SAILING CLUB Notes to the Financial Statements for the Year Ended 31 December 2025** |**1**|**Catering & Bar**
**Income**
Daily Takings
Events
**Total Income**
**Closing Stock**
**Closing stock**
**Costs**
(Increase)/ Decrease in stock
Expenditure, including stock
Other
**Total expenditure**
**Surplus/ (Deficit)**|**2025**
_£_
4,293
1,497
**5,790**
**1,562**
124
5,360
-
**5,484**
**306**|**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**| |---|---|---|---|---|---| ## **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. |**2022**
Brought forward
Additions
Released
**End of year**
**2023**
Brought forward
Additions
Released
**End of year**
**2024**
Brought forward
Additions
Released
**End of year**
**2025**
Brought forward
Additions
Released
**End of year**|**Sport England**
_£_
18,182
-
(4,545)
**13,636**
13,636
-
(4,545)
**9,091**
9,091
-
(4,545)
**4,545**
4,545
-
(4,545)
**0**|**Disabled**
**Toilet and**
**Engine**
**locker**
_£_
6,946
-
(1,736)
**5,209**
5,209
-
(1,736)
**3,473**
3,473
-
(1,736)
**1,736**
1,736
-
(1,736)
**(0)**|**Other**
_£_
148
822
(214)
**756**
756
-
(214)
**542**
542
-
(214)
**329**
329
-
(164)
**164**|**Total**
**Grants**
**_£_**
**25,275**
**822**
**(6,495)**
**19,602**
**19,602**
**-**
**(6,495)**
**13,106**
**13,106**
**-**
**(6,495)**
**6,611**
**6,611**
**-**
**(6,446)**
**164**| |---|---|---|---|---| ## **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. |**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**
**2025**
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**
_£_
2,828
-
-
(1,290)
**1,539**
1,539
-
-
(1,140)
**399**
399
8,955
-
(2,056)
**7,298**
7,298
-
-
(1,924)
**5,373**
(85)
(1,839)
**(1,924)**|**Total**
**power**
**boats**
_£_
204
-
-
(204)
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
**-**|**Total**
**engines**
_£_
-
1,203
-
(241)
**962**
962
-
-
(241)
**722**
722
-
-
(241)
**481**
481
-
-
(241)
**241**
-
(241)
**(241)**|**Total**
**equipment**
_£_
5,430
-
-
(1,369)
**4,061**
4,061
-
-
(2,264)
**1,797**
1,797
-
-
(898)
**898**
898
-
-
(898)
**(0)**
-
(898)
**(898)**|**Total**
**building**
_£_
52,464
-
-
(13,116)
**39,348**
39,348
-
-
(13,116)
**26,232**
26,232
-
-
(13,116)
**13,116**
13,116
-
-
(13,116)
**-**
-
(13,116)
**(13,116)**|**Total**
**assets**
**_£_**
**60,926**
**1,203**
**-**
**(16,220)**
**45,910**
**45,910**
**-**
**-**
**(16,761)**
**29,149**
**29,149**
**8,955**
**-**
**(16,311)**
**21,794**
**21,794**
**-**
**-**
**(16,179)**
**5,614**
**(85)**
**(16,094)**
**(16,179)**| |---|---|---|---|---|---|---| ## **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 _(2024: 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. the￿aT￿nded 31 Oecp.rnber 2025. This l•Wt 15 soknty tothe Th￿nts￿5, tsa* In accordanc•*llhthe Charnle5 Act 1011. Mv thost mallers l arn reqwTett lo lo them In an *idtpendonl I￿rt for no oihor rtor I h&*fmd As thÈ Chaiity's ComrniltÈÈ lÈ%ponslble for lTro Ot Ihe stalEme￿Il ID a(cord•Dro wilh requirerneiits ol ibEOhaiilir*A(t 20111"IhtArt-l. You thli 4n 4udit ￿ noi rew¥ed the )*•T Sec￿ 144 IZI the •<$ and thai 15 nvre5pon￿t4rtv*Q.' L4515Xbl vi ¢hE ￿ •hid fv ew&rnin•ron wa5 t•rn*O OVT It￿tI*l¢+ with lh• ty th• Ch•Mty CornMiss￿n An ol tw Charrty •nd ol the tsnandal 5tatEffjeDts pres￿led wllh thDse 11 alw lon￿olyal￿￿ o[ •ny un¥skn•l i¢omx 01 dlsdowiu In th• *i•ièmenls 4nd liom rhe MaDasoffj•nl CLvnrnrtl•t cr1￿￿rnI￿ ary Juth rnalivrs. Th• ￿¢￿1￿1•n do r￿1 piowdt 411 iheewOen¢e th4i*¢wJlO be requiieo •J&t •nd ¢onswutntl¥ r*0 I￿n marten w