## **Trustees’ Annual Report for the period** **From 1[st] September 2022 to 31[st] August 2023** **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 activity during the year has
been to raise funds to support the Greig
City Academy Sailing Programme. In
addition, the charity has been in
discussion with the Royal Yachting
Association and other sailing bodies
about strengthening inclusion and
diversity in sailing.| |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 2023, our major
activities were to raise funds on behalf of 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
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:
Grants totalling £80,000 were made to the GCA
Sailing Programme during the year, and a
further £100,000 committed by year end.
Additional grants, primarily from trusts and
foundations were made directly to GCA to
contribute to the costs of the sailing
programme.
The GCA Sailing Programme is the leading
state school sailing programme of its kind in the
UK. No other school is entering multiple boats
to compete and win prizes at Cowes Week
including the Young Skipper Trophy and the
Youth Trophy, while also entering students in
elite sailing events such as the Etchells Worlds
and the ILCA (Laser) Nationals.
Together with this wider support, our grants,
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 comprehensive programme of activities
and support is offered to the students includes
regular dinghy sessions, regular racing on
school and privately owned boats as well as
residential sail training voyages on ocean going
yachts. Some of the dedicated students also
gained experience competing at international
level, and support to gain professional
qualifications to progress within the industry.
We believe the GCA Sailing Programme is one
of the leading initiatives in promoting diversity
and accessibility for young people of colour in
sailing. This is evidenced in the positive media
attention that the sailing programme gains,
which included feature articles in the Times and
the Daily Mail in 2023.| For more details of the activities we have supported during the year, please see the News page on our website: https://scaramouchesailing.org.uk/news/ Other activities The Scaramouche Sailing Trust 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** |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity received a total of £184,050, in
charitable income from sponsors, corporate
partners, trusts, foundations as well as regular
and major donors.
A total of £59,038 was given from a number of
generous major individual donors who donated
between £1,000 and £12,000 each.
£55,993 was received in grants from trusts and
foundations including The Wickens Family
Trust, The Betty Lawes Foundation, The Angel
House Foundation and The Bernard Sunley
Trust.
Individual and regular givers donated a total of
£50,820 most of which came through the Just
Giving Platform.
We received £18,200 in sponsorship from M7
Real Estate and Red SP.
We are extremely grateful for all the confidence
shown in our and GCA’s exceptional work, from
each and every donor and sponsor mentioned
above.
The charity approved grants of £180,000 to the
Greig City Academy Sailing Programme for
their expenses during the year. Of these,
£80,000 were paid during the year and a further
£100,000 was committed to be paid
immediately after the end of the year, when the
GCA Sailing Programme’s accounts were
finalised.| |---|---|---| |||At £5,577, the cost of running the charity remain
incredibly modest and covered fundraising,
events, governance, equipment, and
professional services.
At the end of the year and after year-end
adjustments, the charity held reserves of
£49,327.
While no staff costs were incurred in the year
under review, a newly created part-time
Development Manager the charity’s first staff
member was appointed on August 28th, 2023.
This exciting step will allow the charity to move
on to a more sustainable and professional
footing, in order to achieve greater impact in
future.| |---|---|---| |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|£49,327| |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
Hornsey
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 o tional information Declarations The trustees declare that they have approv•d the trustees, report above. Slgnod on behalf of th• charfty's trustses Slgnaturels) Full name(s) Posltlon (eg Se¢relary, Chalr, etc) Alex Jacobs Chair Data tt.2 ||
**Scaramouche Sailing Trust**
**1183400**|
**Scaramouche Sailing Trust**
**1183400**|
**Scaramouche Sailing Trust**
**1183400**|
**Scaramouche Sailing Trust**
**1183400**|
**Scaramouche Sailing Trust**
**1183400**|**CC16a**| |---|---|---|---|---|---|---| ||||01/09/2023|||| |||||||| |**Section A Receipts and payments**||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**||**Restricted**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |Charitable Donations|**184,050**||**-**|**-**|**184,050**|**100,097**| |**_Sub total_**_(Gross income for_
_AR)_|
**184,050**||**-**
**-**
**-**
**-**|**-**|**184,050**|**100,097**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||**-**|**-**
**-**
**-**|**5,530**
**-**| ||**-**|||**-**||| |**_Sub total_**|**-**|||**-**||**5,530**| CCXX R1 accounts (SS) 07/05/2024 1 |**_Total receipts_**|**184,050**|||**-**|||**-**||**184,050**||**105,627**| |---|---|---|---|---|---|---|---|---|---|---|---| |**A3 Payments**|||||||||||| |Grants made|**80,000**||**-**|||**-**|||**80,000**||**20,000**| |Other Expenses|**5,577**||**-**|||**-**|||**5,577**||**3,018**| |**_Sub total_ **|**85,577**||**-**|||**-**|||**85,577**||**23,018**| ||||||||||||| |**A4 Asset and investment**|||||||||||| |**purchases, (see table)**|||||||||||| |Grants Payable||||**-**|||**-**||**-**||**39,000**| |Other Expenditure|**-**|||**-**|||**-**||**-**||**2,587**| |**_Sub total_ **|**-**|||**-**|||**-**||**-**||**41,587**| ||||||||||||| |**_Total payments_**|**85,577**|||**-**|||**-**||**85,577**||**64,605**| |**_Net of receipts/(payments)_**|**98,473**|||**-**|||**-**||**98,473**||**41,022**| |**A5 Transfers between funds**|**-**|||**-**||**-**|||**-**||**-**| |**A6 Cash funds last year end**|**45,268**|||**-**||**-**|||**45,268**||| |**_Cash funds this year end_**|**143,741**|||**-**|||**-**||**143,741**||**41,022**| CCXX R2 accounts (SS) 07/05/2024 2 |**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**|| |---|---|---|---| |**Categories**
**B2 Other monetary assets**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**
**B1 Cash funds**|Signature
Other expenses
Grants to CGA
**Details**
**Details**
**Details**
Balance held in Bank Account
**Details**
Funds to be received
(agree balances with receipts and payments
account(s))
**_Total cash funds_**
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**143,741**
**-**
**-**
**-**
**-**
**-**
**143,741**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
100,000
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||Date of
approval| ||||| ||||| CCXX R3 accounts (SS) 07/05/2024 3 CHARITY COMMISSION FOR ENGIAND AND WAIES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees Scaramouche Sailing Trust On accounts for tho year endod 3110812023 Charity no (if any) 1183400 Set out on pages 34 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110812023. Responslbllltles and basis of r•port As thè charitrfs trustaes. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("th8 Act"). I r8POrt in respect of my examination of the Trust's a￿ountS carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5Mb) of the Act. Independent I have completed my examination. I confim) that no materlal matters have examinerfs statement Come to my attention in connection with the examination which gives me caus8 to believe that in, any material r6spect- the accounting records were not kept in accordanc8 With seclion 130 of the Charities Ad: or the accounts did not accord with the accounting records: or the ac(x)unts did not comply with the applicable requirements concerning the foTh and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aGwunts give a 'true and fair, view which is not a matter Considered as part of an independenl examination. I have no concerns and have come across no other matters in ¢onn8ction with the examination lo whlch 8ttentlon should be drawn in this report in order to gnable a propèr understandirvJ of the accounts to be reached. Signed: Date: 1510412024 Nam•: James Andrew Fitzsimmons Rolovant professional qualification(s) or body (rf any): ICAEW (Membership Number- 8906506.) Address: 18 Nomian Road, London. SW19 1BN IER Oct 2018 Section B Disclosure Only complete if the examin8r needs to highlight material matters of concem (see CC32, Indep8ndent exemination of charfty accounts.. directions and guidance for examiners). Give here brief details of any items that tha oxaminor wlshes to dlsclose. NIA IER Oct 2018