## **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