2023-09-30-accounts - Deben Yacht Club

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Deben Yacht Club 2023 Trustees Report

Charitable objectives

The objects of the Deben Yacht Club CIO #1183054 are:

The promotion of community participation in healthy recreation for the public benefit in Woodbridge and the surrounding area by the provision of facilities for sailing, including:

providing learning and teaching in the skills of sailing in dinghies and yachts;
providing training for instructors and members including safety practices and the use
of safety power boats.

Membership & Finance. Membership numbers have continued to grow steadily. The club is in a healthy financial state, which is necessary to cover not only our operational costs but also for regular maintenance and replacements. The costs of maintenance of our clubhouse and pontoons, above the riverbed, are always challenging. Inflation means that our costs and so our charges need to rise each year. We propose membership and fee increases at the AGM that to the club’s viability but below the current national inflation rate.

Facilities. Our volunteer members perform all the functions of the club; training, sailing event management, boat maintenance, catering, property management, financial management and administration. The club is well-known for supporting its volunteers and doing everything in good humour and as a result many volunteers continue happily in their roles for years. However, individuals’ circumstances change so we need a regular influx of new volunteers – there is so much variety in the club that there is something rewarding for everyone and the more people we have the more we can spread the work around.

This year the club has maintained the clubhouse, including changing and galley facilities. The Dinghy Park and associated sheds have also been maintained and kept tidy. We have constructed new storage racks for canoes and other paddle craft since there are increasing numbers of paddlers in the club.

Club boats . This year our fleet of dinghies has been put to effective use by members for both training and other sailing events. Some wear and tear occurred, thankfully not too expensive, and this has been rectified by our maintenance volunteers. We also replaced one of the RIBs because it was becoming old and unreliable so that we could continue to support sailors.

Sailing. We had a full programme for 2023 and continue to adjust it to encourage as many as possible onto the water at our club events. While most of our events are races, we encourage other sailors who are happy to follow the fleet while being monitored by safety boats; there is no requirement for them to compete or complete the course. We also ran many social Club Sailing and Flotilla events for those who prefer not to compete. The small yacht and keel boat fleet enjoyed their programme. We are grateful to the Woodbridge Sea Scouts for the loan of their RIB safety boat for the Regatta.

Training . We held a marine focused First Aid Course to maintain our number of qualified first aiders available for sailing training and support. Our RYA-affiliated training team delivered our usual sailing and powerboat courses. Qualified club members provided the instruction and we also linked with the Woodbridge Sea Scouts to share boats, instructors and students.

Social . Our regular coffee mornings were well attended and raised over two thousand pounds for various local charitable causes. We also arranged a series of winter walks and talks for members during the non-sailing season.

Honorary Treasurerfs Report DEBEN YACHT CLUB WOODBRDGE Financial Statements Year ended 30th September 2023 Contents Honorary Treasurer's Report- Overview & Commentary Page 2 Income and Expenditure Statement Page 3 Balance Sheet, Fixed Assets & Depreciation Page 4 Independent Examiner'5 Report Pa8e 5 Rupert Freeman ACMA Honorary Treasurer November 2023

Overview Thv ilub's financial accounl5 for the year ending 30th September 2023 have been prepared by Rupert Freeman ACMA, Club Treasurer and approved by the club's appointed Independent Examiner. Harry Moore, Accountant. Current Income £84,316- up £8,113.12022 £2,667 Covid. Minus thi5 Income is up £10, 780.) £3,728 Fees, 6.7% increase. £1,500 Training, £3k Sales. Boat Hire, Regatta, Galley £1.500 Current Expenses £62,041- up £3,153. Various inc Clubhouse IPiles, Awning), Inflation. Operational Surplus Ilncome less Expenses) £22,274. Up £4,960 Depreciation of Assets 15 calculated at £24.412 After Depreciation we show a deficit of {£2,1371 Capital Spend £21,635 - Balance of New Safety Boat It is better to have an Operating Surplus sufficient to coverthe Depreciation ofAssets in the Long Term. Cash Held has Increased by £549 to £153,668 Barclays £80,819 Building Society £72,605 PayPal £50 Cash £194 Our Balance Sheet Value has reduced by £2,137.

Deben Yacht Club Income Ststsment 1st october 2022 . 30 Sèptember 2023 2022 2023 Change Notes CurrerTt Income Membernhip Fee8 0fTrd Sub,, 34,373.00 36,791. Facllltles IOln9hy Parkl 18.507.00 20.254.rJJ Pontoons & Outboards 7.760.DO 7.648. Mooring$ 1.176.00 1,260.ts0 Donations with fetrs 1,157.00 748.LKI Fee$ Subtotsl 62,973.00 66,701.00 2.41800 7.0% 7,747.00 9.4% 1200 -14% 84.00 7.1% 3,728.00 5.9% Trdlnlnu 3.194.00 Sundries Ilncl. boat saleB} 1,626.72 Club Boat 14ire 559.30 DYC Regatta week & Socla 1.385 43 Clubhouse l•ttlng8 115.00 Galley & 8•r INE 3.394 67 East Suffolk Councll Covld 2,667.00 Bank Interest 287 88 4.780. 4,535.40 1,163.15 1,885.98 130.00 3.5 59 0.00 1.15502 1.586.00 2,908.68 £3k Sale ofR18. £lk W&fvr&r. 603 85 5QO.55 15.OQ 570.92 867. 16 Total Income 76,202.98 84.316.14 ,113.16 Overall up IO%+ InwastrdAclNvJty vs 2022 Current expenses Clubhouse Dinghy Park Ele¢tri¢tty Working Party Projè¢ts Safety Boats Safety Boat Fuel Rent & Rates Water Insurance Club Boats MèmbevBhipts l Donatlo PrintinglPublicity DYC Regatta Telephone & Internet Sundries Training Cleaning Slipwaylmoorings ITaml Legal -1.1fo5 92 -6.839 93 -3.943 02 4.465 58 -1.384 28 -1.492.1S -1.579.71 -962 56 -9.228.55 -11.707.65 -1.362.88 -1.017.10 -9.960.80 -9.887.64 -555 25 -719.38 -11.425.43 -12.049.61 -642 16 -1.620 S3 -1,109.50 -1.10500 -1.279.13 -1,453 81 -97 69 7329 450 68 -578 58 -551.82 -333 75 412.98 -2.305 27 4,530.11 4,472 40 -6,820.40 -357 21 -2,400 00 -5,684.01 £700 Um, £10 Asvning, £1600 F)les, -522.56 Redo Sp8Ges & G8noe £500 each. £1. 7k Tree/Gardening SerVs -!9787 617.15 .¥ 48! 10 Addi11(81 Woth New & OldAnlrfoul. £2k. Additionallifting. Power 345.58 Trim£l.5k. Okl b(t Power Trim £600 72.96 -164.li -624. 18 .978 37 £600 trolleys. £400 covers. -174 68 -)T5 60 218.07 -1 RQ? 29 LastyearnD R YC. ¥600 thrs ye8rW8sprrY8rMolley 57. 71 6.463.79 Last Yearbw dr8dgel 2,400.00 Expenses Total -58.887.91 .62.041.44 -3. 153.53 Total Pre DepreGlation 17,315.07 22,274.TO 4,959.03 Depre¢latlon .22.777.10 -24,412.00 .1.634.90 Including Depre¢iatlon -5.462.03 -2.137.30 3,324.73 Capital expenditure New Safety Boat .5,313.00 -21,635.44 -76.322.44

Deben Yacht Club Balance Sheet as at 30 September 2023 30 5•w•mD•f 2022 00 sepwnDor 2023 M?vem•ni Fixed Assets LIUDnouse ponIoons & siip%ay Safety Doats sTheas',DP 478.469 IXI 22.379 Crf) 8.4gM) 00 509.338.IXI 459 330 00 44 394 44 8 150 ¢XI 511.874.44 253644 Current Assets Cash - Galley + Bar 8arciays Accounl r4aiional Countt$ 45 Oay WC Paypal AJC 14000 81.478 84 71.449 54 50 00 153.118.31 19400 80 819 08 72 604 56 50 00 153.867.64 54 00 Gky £106 8ar £88 -659 76 1 15502 549 26 Inre51 Sltxks Galw & Bar 360 CQ 360.00 450 00 450.IKI 90 (J) Gaiiey £50 8ar £4¢X) Depos,'r on Safet). Boat Wjin Ba,.,1 A4a,',',rye Net Assets Represeniea Fund 8rough Forward 5.313 Q) 4313.00 -5.313 00 Fixed K%sel Now 668.129.31 86S.992.08 -2.137 30 673.891.41 668.129.38 Op+raiiwJ gury4ugiiDefitil) oep'n &.482.03 2.137 30 668,128.a8 665,992.08 -2137 30 Fixed A$50ts at 30th Septornber 2023 Clubh(¥use. Pontoon & Slipway Club & Safety aoats DPIShed$ Total Open 1 Oct 2022 Addtts"ons Subtotsl Deprecation De osil Safe Giose 30 se 478.469.00 22.379.00 26.948.44 49.327.44 4.933 00 8.490.00 S09.338.00 26.948.44 536.286.44 .24,412.00 478.469.00 -19 139 00 8.490 00 -340 00 8oal 2023 459.330.00 44.394.44 8.15Q.QO 511.874.44 Depreciation rateslvJlue 4"A 11f/r* 4% Z4,41Z.QO

Honora Treasurer's Re ort DEBEN YACHT CLUB INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDING 301h SEPTEMBER 2023 In accordance with the terms of my appointment, I have examined the financial statements of Deben Yacht Club as set out in the attached balance sheet, income and expenditure account and related notes together with the records, vouchers and other intormation made available to me. These financial statements have been properly drawn up in accordance with such information and to the best of my knowledge and belief, show a true and fair view of the Club's income and expenditure for the year ended 30th September 2023 and its State of affairs at that date. H C Moore FCA Chartered Accountant 2 Lime Kiln C105e Claydon Ipswich IP6 OAW 10 November 2023