Trustees’ Annual Report for the period
From 1[st] September 2023 to 31[st] August 2024
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 2024, 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. 2024 marked the 10 Year Anniversary of the Sailing Programme. A report entitled Waves of Change was published in July 2024, charting the 10 Year history of the sailing programme. Grants made: Grants totalling £212,000 were made to the GCA Sailing Programme during the year. Some additional funding was provided by other donors directly to GCA to contribute to the costs of the sailing programme. 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 GCA Sailing Programme is the leading state school sailing programme in the UK. The comprehensive programme of activities and support 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. 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 Nationals and the ILCA (Laser) Nationals and Cowes Classics Week. The Etchells crew won the prestigious Sir Kenneth Preston Cup. Students have also attended fully funded ILCA Skills Week at the Weymouth & Portland National Sailing Academy. Scaramouche participated in the ASTO Guernsey to Poole Small Ships Race 2024, inspired by the RNLI’s 200thAnniversary in |
August. GCA students also participated on board the Rona Sailing Project’s vessel Donald Searle. All crew met the ASTO Patron HRH, The Duchess of Edinburgh. One student took up an elite and unique opportunity as an intern with Emirates GB Sail GP. He was offered this as his standout talent was recognised by key member of the team. The Greig City Academy also met Sir Ben Ainsley and Hannah Mills when the squad for the Youth and Puig Women’s America’s Cup was announced. Sailing is developing at pace at the GCA with students taking up further RYA training and work placements. 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 media attention that the programme gains and the interest in the programme from policy makers and other grassroots organizations. 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 help other schools 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. A Lessons Learned document was published in conjunction with Waves of Change . It is a contribution to wider work to develop practical approaches to address structural inequalities in the sport. 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 £241,247 in charitable income from sponsors, corporate partners, trusts, foundations as well as regular and major individual donors. A total of £87,501 was donated from generous major individual donors. |
|---|---|---|
Total income from trusts and foundation was £70,282. Grants were gratefully received from The Betty Lawes Foundation, The Trinity House Maritime Charity, The Whirlwind Charitable Trust, The Royal Southern Yacht Club Trust, The Royal Thames Yacht Club Charity, The Ocean Cruising Club Charity, The French Huguenot Church Charity, The Dalgleish Trust and the Matheson Todd Foundation. Additionally, donations were made from charitable trusts and donations who wish to remain anonymous. Corporate donations and contributions totalled £57,262 from a range of supporters including, Aspen Insurance, RWD Limited, Spring Capital, the Royal Yacht Squadron and from the proceeds of the Russell-Cooke Silicon Cup regatta. Individual and regular givers donated a total of £21,173 most of which came through the Just Giving platform. We were honoured that Gemma Mears and Dom Hattee ran funding events in memory of Jamie Mears, raising more than £11,000 for the charity. With our cooperation, Cobnor Activities Centre, the Rona Sailing Project and Ocean Youth Trust South secured funding of £6,600 on our behalf so that the GCA students could access residential dinghy activities. We are extremely grateful for all the confidence shown in our and GCA’s exceptional work, from every donor and sponsor mentioned above and those who wish to remain anonymous. Our total expenditure for the year was £261,580. The major part of this was grants of £212,000 made to the Greig City Academy Sailing Programme for their expenses during the year. Our other expenses were £49,580. The majority of this related to staff costs. Other costs included modest expenditure on fundraising, events, governance, equipment, and professional services. At the end of the year, the charity held reserves of £28,987. The accompanying “receipts & payments accounts” present our income and expenditure over the year on a cash basis, excluding accruals. The figures above are presented on an accruals basis, to give a more complete picture of our financial position during the year.
| The major accrual was a final grant payment of £94,000 approved to pay to GCA Sailing Programme. A small number of donations to the charity for work within this year were received just after our year end. During the course of the year, an adjustment was made to the prior year’s closing cash funds of £5,587, in order to account for accruals made in the prior year. |
||
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held for three reasons: (a) to contribute to the GCA sailing programme in the next financial year, (b) to support the running costs of the charity and provide stability for staff and our on-going commitments, 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 | £28,987 |
| 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 5 |
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 | ||||
| Montel Fagan-Jordan | Appointed on July 23rd2024 |
– 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
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) Alex Jacobs Position (eg Secretary, Chair, etc)[Chair ] Date 27.12.24
| 1183400 Scaramouche Sailing Trust |
1183400 Scaramouche Sailing Trust |
1183400 Scaramouche Sailing Trust |
1183400 Scaramouche Sailing Trust |
1183400 Scaramouche Sailing Trust |
CC16a | |
|---|---|---|---|---|---|---|
| For the period from |
01/09/2023 | To | ||||
| 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 | 231 168 | - | - | 231 168 | 184 050 | |
| Sub total(Gross income for AR) |
231 168 | - | - | 231 168 | 184 050 | |
| A2 Asset and investment sales, (see table). |
||||||
| Adjustment to 2023 accounts | - - |
- - |
- | - | ||
| Sub total | - | - | - | |||
| Total receipts A3 Payments |
||||||
| - | - | 231 168 | 184 050 | |||
| Grants made | 218 000 | - - - |
- - - |
218 000 42 445 6 114 266 559 |
80 000 5 577 |
|
| Staff costs | 42 445 | |||||
| Other Expenses | 6 114 | |||||
| **Sub total ** | 266 559 | 85 577 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Grants Payable | - - - |
- - - |
- - - |
|||
| Other Expenditure | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
266 559 | |||||
| - | - | 85 577 | ||||
| - 35 391 | - | - |
- 35 391 |
98 473 | ||
| - | - - |
- - |
- 149 328 |
- 45 268 |
||
| 149 328 | ||||||
| 113 937 | - | - |
113 937 | 143 741 |
CCXX R1 accounts (SS)
1
| 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 B3 Investment assets B4 Assets retained for the cha Signed by one or two trustees on behalf of all the trustees B5 Liabilities B1 Cash funds |
Details Grants payable to GCA Creditors Details Details Total cash funds (agree balances with receipts and payments account(s)) Debtors (Funds to be received) Details Balance held in Bank Account Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 113 937 - - - 113 937 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ 10 080 - Fund to which asset belongs Cost (optional) - Fund to which asset belongs Cost (optional) - - Fund to which liability relates Amount due (optional) 94 000 - 1 020 - Print Name Alex Jacobs |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| Current value (optional) |
|||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| When due (optional) |
|||
| 31 October 2024 | |||
| Date of approval |
|||
| Alex Jacobs | 16.10.24 |
CCXX R2 accounts (SS)
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinor's Report Roport to the trusteesl members of The S¢aramouche Sailing Trust On a¢eounts for th• y•ar ended 31st Augus( 2024 Charlty no (if any) 1183400 Sot out on pages 34 I report to the trustees on my examination of the accounts of the above charity (h8 Trust") for the year eIed 3110812024. Rosponsibilities and As the Charity trustees, you are responsible for the preparation of the basls of report accounts in accordance with the Charitiès Act 2011 1.the Act"). I report in respect of my examination of th8 Trust's accounts earrled out under section 145 of the 2011 Acl and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5Kb) of th8 Act. Independènt I have completed my examination. I confimi that no material matters have examiner's statement com8 to my attention in connection with the examination vthich givès me cause to believe that in, any material resp8Ct.- the accounting records were not kept in a¢¢ordance with section 130 of the Ad" or the accounts did not accord with the accounling r8cords,' or the accounts did not comply with the applicable requirements on¢erning the fomi and content of accounts set t)ut in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th8 accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no conc8ms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 1411112024 Namo: James AndW Fitzsimmons Relevant professional quallllcation{s) or body (If any): ICAEW (Membership Number- 8906506.) Addross: 18 Norman Road, London SW19 1BN IER October 2018
Section B Disclosure Only complete if the examiner n88ds to highlight matters of concern (see CC32, Independent examination of charity a¢unt$.. di¢bOn$ and guidanc8 for examiners). Give here details of any Items that the examiner W18hes to disclose. NIA IER October 2018