2025-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2025 To 31[st] December 2025

Charity name: Flushing Sailing Club

Charity registration number: 1182993

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the CIO is to promote and facilitate community participation in healthy recreation by providing facilities for sailing for those resident in the local Flushing and Falmouth and greater area and surrounding environs.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	FSC CIO facilitates low-cost keelboat and affordable racing in Falmouth Harbour and Carrick Roads for a wide age of population structure. It provides a social hub not only for race participants but also significantly for the local community. It aims to enhance accessibility to the water through the provision of a floating pontoon accessed via a bridge/gangway.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that throughout 2025 they have had careful regard to the Charity Commission’s guidance on public benefit. In particular: There is an open house policy on race days/ nights and for the winter talks programme. The club house can be used as a venue, with a small donation to cover costs, by a wide range of people and organisations in the local community. The Clubhouse is used for yoga and Pilates classes and a fortnightly village coffee club. There is no entry fee requirement for new members applying to join the club. The costs of membership and Race Fees are kept low and among the lowest in the harbour. The trustees have decided to increase membership and race fees in 2026, to reflect inflationary pressures and increases in the minimum wage whilst continuing to encourage improvements in

participation. We will continue to offer a reduced fee for 18–34-year-olds in 2026.

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	SORP reference
Policy on grant making	Para 1.38	The charity will make grants in exceptional circumstances and which, in particular, promote sailing opportunities for those who might otherwise be able to afford them. In 2025 the CIO made a grant to the Roseland Sailing Trust so as to sponsor one young person to experience a week on a tall ship. A charitable donation has been made to the Flushing Village Pantomime Group to help them invest in new scenery backdrops and technical equipment. The Club also holds contribution boxes for a range of charitable organisations including a recent collection to the RNLI. The Club hosts the annual Flushing Village Regatta with funds from the teas being donated to the good causes in the village including the school and the Christmas Lights.
Policy on social investment including program related investment	Para 1.38	Not applicable
Contribution made by volunteers	Para 1.38	All Club activities are run by volunteers with the exception of 3 paid, part-time, seasonal workers and 1 part time administrator. The day to day running of the Club is done by committee members and trustees as volunteers. Yacht racing which is the Clubs central activity is run entirely by a dedicated race team made up of committed volunteers who give their time freely and regularly to facilitate the enjoyment of others. These volunteers also make a significant contribution to local village regattas, championships and Falmouth Sailing Week. During 2025 volunteers have continued to prepare multiple supporting documents for the pontoon proposals. These require a Marine Licence from the Marine Management Organisation (granted April 2025) and planning/listed building consent from Cornwall Council. The club is extremely fortunate to benefit from a group of members with relevant professional skills who through undertaking voluntary work have greatly reduced the professional fees

which would have been otherwise incurred on the pontoon project. Similarly, the projects to update the finance systems and the website and membership systems have benefitted hugely from the expertise of a small number of volunteers who have given so freely of their time. A very large thank you to all our volunteers, we couldn’t do it without your remarkable support and commitment.

Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Club has successfully run its full race programme of nearly 60 events throughout the season, attracting competitors from throughout the area, despite the poor weather conditions in 2025. In total 107 boats raced in 11 different classes. Over the season we estimate that equates to some 4,400 people out on the water and pleasingly saw good numbers of new, female and young sailors among them. Our Tuesday evening racing remains the best supported regular racing in the Harbour with numbers for the Saturday series remaining stable. New volunteers joined our highly experienced race office team. The links established with Falmouth & Exeter University have continued to develop to encourage more young people to participate in our events. This has been further facilitated by the development of the FSC Crewing WhatsApp group and a wider WhatsApp Community which puts potential crew in touch with boat owners and vice versa. The winter talks programme and Friday night suppers assist in maintaining the club’s role as a social hub and to foster the all-important community spirit. The development of Friday evenings as a social evening has been very strongly supported by members. We continue to provide a meeting venue for a number of sailing events coordinating Committees for which we do not seek facility donations. Thanks in part to the racing programme we run and benefits of the clubhouse and being a member, membership numbers have remained stable-472 in 2024

compared to 467 in 2025. We will closely monitor this slight drop. We met the Chief Executive of the RYA in November 2025 where it emerged that in terms of age of membership and overall numbers it appears that the Club is holding up extremely well when compared to general sports club membership trends across the country and beyond. An ongoing focus during the year has been to continue the work to improve the essential back-office systems to make the lives of our key volunteers easier. We commenced looking at further opportunities to improve this further in 2026 for example in terms of race result management. Improved safety advice has been a major focus for the Management Committee and trustees during the winter of 25/26. We have sought specialist advice sought from the Royal Yachting Association etc. examining the implications of formal reports on marine incidents in other parts of the country and in the wider sailing community. A reinforced training and awareness campaign is being rolled out prior to the new season and is open to all. For the first time ever, the Club ran a Medical Incident Management talk in 2025. The Club remains actively involved in lowering its environmental footprint. In 2025 the Club purchased with generous grant assistance a new robotic racing mark which reduces significantly the need to anchor marks in the Special Area of Conservation. This is operated by apprentices from Pendennis Shipyard Ltd. The Club has also been investigating over the winter of 2025 training opportunities for race officers and sailing rules compliance to be run prior to the sailing season in early 2026. As ever, the trustees are most grateful to all those who have worked so hard on these key projects.

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Achievements against objectives set	Para 1.41	See above

Performance of fundraising activities against objectives set	Para 1.41	The Club is now concentrating its efforts on the next phase of its Development Plan with two key elements, gaining the planning and listed building consents for the pontoon and funding for the solar panels. Significant grant assistance will also be need for the pontoon.
Investment performance against objectives	Para 1.41	All surplus funds are held in accounts with UK based High Street banks.
Other

Financial Review

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Review of the charity’s Para 1.21 Cash balances on 31 [st] December 2025
financial position at the end were £95,909, which includes £14,282 from
of the period members who had renewed their
membership before the end of the year.
Statement explaining the Para 1.22 FSC has a well-established and recently
policy for holding reserves reviewed, long-term Development Plan.
stating why they are held The key focus of this is the development of
top-class facilities to support access for all
to the water in the pursuit of its charitable
aim to promote and facilitate community
participation in healthy recreation. The
Environment Plan provides a fundamental
framework for these developments and
investments.
To this end specific reserves have been
established for the pontoon project and
solar panel proposals and to enable capital
investments in Club facilities at the right
time.
The Club is very reliant on its generous
sponsors and use of the Clubhouse by its
members and the local community to
generate the funds required to meet day-to-
day running costs. The new Clubhouse
costs more to run, particularly for costs
such as insurance. The trustees have
therefore determined that it is prudent to
maintain between six and twelve months
anticipated running costs by way of a
general reserve. This level to be kept under
periodic review.
Amount of reserves held Para 1.22 Cash balances as detailed above.
Reasons for holding zero Para 1.22 Not applicable
reserves
Details of fund materially in Para 1.24 Not applicable
deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a going
concern
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The charity’s principal sources of funds (including any fundraising)	Para 1.47	The funds to meet normal operating costs come from members subscriptions, race entry fees and commercial sponsors. Incidental income is generated from the use of the clubhouse building by members and the local community. Development projects, such as the recent clubhouse, are only commenced when

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sufficient funds have been raised, or
guaranteed sources of funds identified, to
see them through to completion.
The purchase of the robotic race mark was
grant funded by Cornwall Council
Community Infrastructure Levy funding to
the Fal and Helford Special Area of
Conservation. Revenue costs have been
generously supported by Club sponsors.
Investment policy and Para 1.46 The Club holds no long-term investments.
objectives including any The principle criterion is the security of
social investment policy funds, as such they are all held in accounts
adopted with UK based High Street banks.
A description of the principal Para 1.46 The trustees maintain a risk register that
risks facing the charity covers all aspects of the Club’s operations
and which is kept under regular review.
The principal risks are:
Operational risk. The Charity’s key
operational risk relates to the organisation
of racing activities. Every year a
comprehensive risk assessment and
mitigation plan is prepared and discussed
with the Falmouth Harbour Master. The
new 2026 Risk Assessment has been
carefully reviewed in the light of specific
discussions with the RYA racing and Safety
Team Manager. All racing is conducted in
accordance with World Sailing Rules, and
the Charity uses trained and experienced
race officers. Each skipper is required to
acknowledge their own responsibility as
regards risk management for themselves,
their crew and their yacht. Detailed
discussions with the RYA are ongoing to
refresh the risk register.
The Club has no specific junior section,
nonetheless the Safeguarding risks for
young people and adults at risk has been
reviewed in the year and refreshed as
appropriate.
Part of the clubhouse re-development
includes a much-enhanced catering facility.
For the most part catering operations are
outsourced to fully qualified third parties.
The trustees and management committee
are however mindful of their responsibilities
under environmental health provisions and
appropriate steps taken to ensure the
legislation is fully complied with. During
2025 additional public health certificates
were renewed and with excellent results.
Other
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Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO constitution
How is the charity constituted? (e.g. unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	All trustees are elected by the Club membership at the AGM. One third of the trustees retire by rotation each year and may stand for re-election on two occasions. Any member may put their name forward to serve as a trustee when a vacancy arises. At the 2025 AGM one trustee retired by rotation and being eligible will stand for re- election.

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Policies and procedures Para 1.51 New trustees are fully briefed on their
adopted for the induction duties and responsibilities using material
and training of trustees from the Charity Commission website.
The charity’s organisational Para 1.51 The day-to-day activities of the Club are
structure and any wider run by a management committee, chaired
network with which the by the Club Commodore (who is also a
charity works trustee). The members of the management
committee are elected annually at the AGM
and are drawn from the club membership.
Any member may put themselves forward
for consideration by the members at the
AGM.
In a wider context the Club is an active
member of the Port of Falmouth Sailing
Association, The Royal Yachting
Association, the Falmouth Harbour User
Group and the Cornwall Marine Network.
Relationship with any Para 1.51
related parties
Other
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Reference and Administrative details

Charity name	Flushing Sailing Club
Other name the charity uses
Registered charity number	1182993

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Charity’s principal address New Quay
Trefusis Road
Flushing
TR11 5TZ
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Peter Harvey Commodore
3 Melanie Franks
4 Jeanette Hill Appointed March 2024.
6 Dave Owens Chair
8 Sarah Roby
9 Izi Friend Appointed 2025.
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name Not applicable

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for whole year
Not applicable
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Funds held as custodian trustees on behalf of others

Description of the assets Not applicable held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) David Owens Position (eg Secretary, Chair of Trustees Chair, etc) Date March 2026

Flvshln 8allln C￿b CK) Recel ts and ments accounts CC16a or 01Jan-25 To 31-Dec-25 Section A Receipts and payments Unr•8trl¢t¢d R•$trlcted funds lund• l• lh• n••rn•l ID th• n••r•st Endowmtrnt fund$ Total funds Last y••r t•lh• nMr•le t• lh• n•r•st t• th• n•Ar•5t A1 R•e•lpts Membership ind ra< fee8 Sponsorship, donations nd gran18 Bar, catsr¢r¥J, ¥enue hir• Bank int¢rn#t r•cw•d 28.699 13.9B6 20A71 72.612 39 Sub total(Gmss income for 13.966 125AB2 109.367 A2 Asset and Inv6slm¢nt sales. (see table). ub total 111￿17 13.966 125N82 109A67 A3Pa ments B•r ••t•rln v•nu• hlr• Pr•thls•g otsgts 51.619 15.781 11,960 1373 650 15.732 17,216 19.227 17.216 1829 654 Z5Z3 Mrk•Un Pro1•55lon•l Bank and Card Gha Oth•r Ino1 admln wa Ch•rhbl• dvrwll•ns 4448 950 Sub total 101.3 89,317 A4 Assèt and Investment ur¢hases see lable Clubhous• d•v•l Ppntvon d•v•lp ur•hs•s 211 1zgn 1.714 19.950 10.064 25.084 13.193 11.774 JOA28 10.000 10.470 Sub total 35.138 117,866 13.966 131.821 124,468 Net of recelpts/(payments) . AS Tran8fer8 between funds A6 Cash funds last year•nd Cash funds thls yearend 6.339 16,089 102.248 85.909 102,248 96.909 117,337 102.248

Section B Statement of assets and liabilities at the end of the period Ufir•8trlèt•d fund• l• ￿••r￿ ¢ R•strlgt•d fvndj Endowm•nt lund8 Categorles Detalls 81 Cash eunds GenerDI AttO￿t ank rotalcash funds Unr•strfct•d RMtrlct•d Endovnn•nt furKIs funds funds ts sMr•st£ Dètslls t• B2 Oth•r rnon•t#ry ass•ts r Stoc Fund lo whl•fv Detalls C•¥t lopllon 83 Invosthwnt xsots ¢¥rr•nt val Detalls B4 Assots r•talnod for th• ¢harity¥ own us• Fi¥lwe5 and Clubh ub lJurKh x2 h￿6 aTrJ +Jth¢f Ponlwi Mark 8ot Rqd•v•k) General G•n&Tal Gènoral Fund Detalls Member51x 86 Ll2bllltloS GongTal General 14 SkJned by one orts*) trustee$ on h￿1 of all ￿ tNste&s Date c roval &gnature Print Name e￿s 24

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Se¢tion A Independent Examiner's Report Report to the trustaesl members of Flushing Sailing Club CIO On accounts for the year ended 31 Decemter 2025 Charity no (if any) 1182993 Set out on pagos I report to the trustees on my examination of the accounts of the above charity ('the Tnjsf) for the year ended 31 December 2025. Rosponslbilities and As the chanty twst*s of the Trust, you are responsible for the preparation of basis of report the accounts in accordants with the raquirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying OLrt my examination, I have followed the applicable Directions given by the Charrty Commission uncler section 145(5)(b) of the Act. I have comF4eted my examination. I confirm that no material matters have come to my attention in connection wth the examination which gives me cause to believe that in, any material respect." accounts.ng records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records I have no cOn￿mS and have come a(mss no other matters in conne¢ts"on wilh the examination to which attents'on should be df3wn in order to enable a proper understanding of the accounts to be reached. Independent examinor's statsment Slgned: Dat•: Name: Polly Tregaskes CTA FCA Relevant profosslonal qualification{sl or body (if any): Chartered Accountsnt Address: 9 iknard Vale Flushing Falmouth IER (ktober 2018