Trustees’ Annual Report for the period
From 1[st] September 2021 to 31[st] August 2022
Charity name: The Scaramouche Sailing Trust
Charity registration number: 1183400
Objectives and Activities
| Objectives and Activities | ||
|---|---|---|
| SORP reference |
||
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance in life and relieve needs of young people through the provision of sailing programmes which develop their skills, capacities & capabilities to enable them to participate in society as mature and responsible individuals. |
| 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 |
The major activities during the year have been to raise funds to support the Greig City Academy Sailing Programme. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
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 | During the year ended 31stAug 2022 our major activities were to raise funds and make grants to support the Greig City Academy (GCA) Sailing Programme. We also continued discussions with major sailing bodies about enhancing diversity in the sport. Fundraising During the year, we raised a total of £105,627. We received £47,500 in major grants from very generous individual donors and family trusts. We also received a grant of £9,550 from the RYA, funded by the Sport England Together Fund. And we received £2,000 of sponsorship from Cowes Harbour Commission. We received a total of £46,500 of other donations. This includes many individual donations, received as a result of appeals and fundraising activity during the year. We were thrilled to be selected as one of Cowes Week’s official charities, and are extremely grateful for the support of the organisers and competitors. We were exceptionally honoured to receive individual donations made in the memory of Sam Richmond and Jamie Mears, whose lives and sailing careers were tragically cut short. We strive to live up to the faith their friends and family have placed in us. We are extremely grateful to all the donors and volunteers who have supported our work. GCA’s extraordinary sailing programme would not be possible without them. Grants made We approved grants totalling £59,000 to the GCA Sailing Programme during the year. In addition, a number of other donors gave funds directly to GCA to contribute to the costs of their sailing programme. Our grants, and this wider support, enabled the GCA Sailing Programme to continue to provide exceptional opportunities to state school students from inner city London to develop confidence and skills through sailing. The GCA Sailing Programme is the leading school sailing programme in the UK. No other school is entering multiple boats to compete so effectively at Cowes Week, while also entering students in elite sailing events such as the Etchells Worlds and the ILCA (Laser) Nationals. |
We believe the GCA Sailing Programme is also the leading initiative in promoting diversity and accessibility for young people of colour in sailing. Other activities We have supported GCA’s work to signpost other schools, to help them get more involved in sailing. We have also continued discussions with the RYA and other sailing bodies about how the lessons from GCA’s experience can be applied more widely to enhance diversity in sailing. We look forward to continuing all our work in the year ahead.
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the period, and after year end adjustments, the charity held reserves of £45,268. During the period, the charity received £105,627 of charitable donations and the charity approved grants of £59,000 to the Grieg City Academy Sailing Programme. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The reserves are held for three reasons: (a) to contribute to the GCA sailing programme in the next financial year, (b) to support the modest running costs of running the charity, and (c) to help the charity move to a more sustainable position, to support GCA and other related work over the medium term. |
| Amount of reserves held | Para 1.22 | £45,268 |
| Reasons for holding zero reserves |
Para 1.22 | N/a |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/a |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| 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 | Trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. The trustees appoint one of their number to chair their meetings. |
Reference and Administrative details
| Charity name | The Scaramouche Sailing Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1183400 |
| Charity’s principal address | Grieg City Academy High St London N8 7NU |
Names of the charity trustees who manage the charity
| 1 2 3 4 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Alex Jacobs | Chair | |||
| Jon Holt | ||||
| Elspeth McBain | ||||
| James Evans |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/a held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a safe custody and segregation of such assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/a
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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Alex Jacobs | Elspeth McBain | |
Chair |
Trustee | |
17/1/2023 |
||
The Scaramouche Sailing Trust
1183400
CC16a
Receipts and payments accounts
| For the period from |
01/09/2021 Period start date |
To | 31/08/2022 Period end date |
|---|---|---|---|
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|---|---|---|---|
Charitable donations |
100,097 | - | 100,097 | 29,256 | |||||
| Sub total(Gross income for AR) | 100,097 | - | - | 100,097 | 29,256 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| 5,530 | |||||||||
| Sub total | 5,530 | - | |||||||
| Total receipts A3 Payments |
|||||||||
| 29,256 | |||||||||
Grantspayable |
20,000 | - | 20,000 | 24,874 | |||||
| Other expenditure | 3,018 | 3,018 | 136 | ||||||
| **Sub total ** | 23,018 | - | - | 23,018 | 25,010 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| Grantspayable | 39,000 | ||||||||
| Other expenditure | 2,587 | ||||||||
| **Sub total ** | 41,587 | - | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 25,010 | |||||||||
| 41,022 | 4,246 | ||||||||
| - | - | ||||||||
| 4,246 | - | ||||||||
| 45,268 | 4,246 |
Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
| Balance held in bank account Details Details Total cash funds Funds raised during the year, but not yet received. Details |
Unrestricted funds to nearest £ 81,325 81,325 to nearest £ 5,530 Fund to which asset belongs |
Restricted funds to nearest £ - - to nearest £ - Cost (optional) |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| to nearest £ | |||
| - | |||
| Current value (optional) |
|||
| - | - |
Current value Cost (optional) (optional) - -
Fund to which asset belongs
B4 Assets retained for the charity’s own use
B5 Liabilities
Fund to which asset Current value Cost (optional) Details belongs (optional) - - Fund to which Amount due When due Details liability relates (optional) (optional) Grants approved to Greig City Academy for Unrestricted 39,000 activities during the year Fundraising costs incurred during the year Unrestricted 2,587
Signed by one or two trustees on behalf of all the trustees
| Signature | Print Name | Date of approval | |||
|---|---|---|---|---|---|
| Elspeth McBain | 17/01/2023 | ||||
| Alex Jacobs | |||||
| 1 | 20/01/2023 |
CCXX R1 accounts (SS)
20/01/2023
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report R8POrt to the trusteesl members of The Scaramouche Sailing Trust On accounts for the year ended 31 $1 August, 2022 Charlty no lif any .1183400 Set out on page8 I report to the trustees on my examination of the accounts of the above charity I'the Trust.) for the year ended 31 $1 August, 2022 Respon3lbllltle$ and As the charity trustees of the Trust, you are re8ponsible for the preparalion basss of report of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Acr}. I report in respect of my examination of the Trust's accounts carried out under sedion 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commi8sion under section 145151(bl of the Act. I have completed my examination. I Confi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect". Independent examlner'8 8latemont accounting COrdS were not kept in accordance with Section 130 of the Act or the accounts do not accord with the accounting records I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 1010112023 Name: James Andrew Filzsimmons Relevant professlonal qualificationls) or body {If any): ICAEW Address: 18 Noman Road, London. SW19 1BN IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concem {s&e CC32, Independent examination of Gharity accounts: directions and guidance for examiners). Give here brlef details of any itams that the examlner wishes to disclose, None IER October 2018