ALDEBURGH YACHT CLUB SCHOOL SAILING TRUST REPORT AND ACCOUNTS 12 MONTHS ENDED 31 DECEMBER 2024 Charity Registratlon Number. 1184768 Company Number: CE018432 Aldoburgh Yacht Club Schools Salllng Trust Report of the Trustees for the 12 months ended 31 DeGember 2024 Ob eclives a iti'es The Trust was established by the Tnjstees on 1 March 2019 and granted registration as a Charitable Incorporated Company by the Charity Commission on 5 August 2019. It exists to work wtth local schools and youth organisations in East Suffolk to provide water- based sailing experiences for lrtal children and young adults under the age of 25 and to encourage them to develop seamanship. sailing and other water sports skills. It is also empowered to prowde sailing and other water-basgj equipment, training and activities which develop the beneficiaries, skills. capacities and capabilities to enable them to participate in society as mature and responsible individuals. The Trustees work dosely with the Committee and members of Aldeburgh Yacht Club in fulfilling the Trusys objectives. As recommended the Tnjstees are pleased confimi that they have had regard to the guidance issued by the Charity C(ynmission on public benefit. Achievem nts and rfomiance The feedback from thg children and the Schwls. as well as the volunteers, has been fantastic. In 2024 the results were: 12 schools took part: Aldeburgh. Benhall. Easton. Eyke, Kelsale, Coldfair Green. Leislon. Otley, Saxmundham, Snape. Wicknam Marke[ Witnesham 12 days of courses run through June- alongside 2 Saturday mornings 215 children participated 50 volunteers gave their time and expertise to delNer thè programme Ther8 are now volunteers who have qualified as RYA sailing instructors and safety boat specffically to sup￿rt this programme Financial review This year, we saw more voluntary conlributic*is from members following the new Commodore's appeal. memorial collections. the weekly coffee momings and bridge. cury lunch. and Iken Ra￿ Festival. Costs of £6,708.06 were incurred with Aldeburgh Yacht Club for the delivery of sailing experience. Al other o)sts including those relating to fundraising and administration were provided free of charge to the Trust by Mdeburgh Yacht Club's members, the trustees and volunteers. A￿ording1y, at the end of this period of operation the Trust had cash fvnds available to support its fvture activities of £42.060.43 at 31 December 2024. Structure 0veMan￿ and mana ement The Trust is a Charitable Incorporated Company and has a(knpted th8 Constitution recommended by the Charity Commission without substantial amendment. The Trust is managed by a Trustee board of at least 3 and not more than 6 Trustees, one of whom will nomally be the Commodore for the time being of the Aldeburgh Yacht Club. The Twstees who served in the period are listed below. The Trustees are the directors and also the only members of the Trust. The Trustees ￿nsider the Trusfs relationship with Aldeburgh Yacht Club to be extremely beneficial in the delivery of the Trusys charitable objectives. They are, however, also conscious of the need to ensu￿ that the conflicts of interest which could as a result arise between the Club and the Trust are kept under close review and managed in the Trust's best interests. The Trustees who seNed during th8 penoj are". Charles Manby {appointed on incorporation) Alison Moor (appointed on incorporation) Susan Rixon (appointed on 23 December 2019) Paul Antcliff (appointed on 14 April 2022) Nicky Manby (appoinled on 14 April 2022) Rory Bowman, Cornn￿dore (appointed April 2024) Declarati The Trust has taken advantage of the small companies. exemption in prepariThJ this report. The trustees declare that they have approved issue of the Report and Accounts and that this Twstee Report is also the report of the Directors. C Manby, Chair of the Trustees, 27 March 2025 Aldeburgh Yacht Club Schools Sailing Trust Statement of financial activities including income and expenditure account for the 12 months ended 31 December 2024. Unrestricted funds Incom Membership donationsffijndraising Contributions from sch¢Jols Sponsorship and grants Gift aid £7.154.55 £3,333.00 £6100 £0 £16,584.55 nditure Costs of delivering the water based activities Volunteer training costs and other expenses £6,708.06 £684.00 £7392.99 Net excess of income over expenditure for the reporting period £9.191.56 Statement of Financial Posltlon at 31 December 2024 2024 Cash held in a Barclays Bank ￿rrent account £42,060.43 Represented by: Unrestricted accumulated reserves £42.060.43 The Trust was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies and the members have not required the Trust to obtain an audit in accordance with section 476 of the Companies Act 2006. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with the Charities SORP {FRS102). The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. C Manby, Chair of the Trustees 27 March 2025 Aldeburgh Yacht Club Schools Sailing Trust Notes to the financial statéments for the 12 months ended 31 Dec8mber 2024 1. Basis ccountin These accounts have been prepared under the historical cost convention with items rewgnised at cost or transaction value unless otherwise stated. The accounts have also been prepared in ac(x)rdance with the Statement of Recommended Practice". Accounting and Reports'ng by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. 2. Reco nition of income Income is included in the Statement of Financial Activities (SOFA) when: the Trust becomes entitled to the income; it is more likely than not that the income will be re￿ived. the monetary value can be measured wtth sufficient reliability. 3. Gift Aid Gift Aid receivable is induded in income when there is a valid declaration from the donor. Any Grft Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the initial donation unless the donor or the terms of the appeal have specified otherwise. 4. Volunta hel The value of any voluntsry help received is not induded in the accounts but Is described in the trustees, annual report. 5. Rec nition of liabilities Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the Trust to pay out resources and the amount of the obligation can be measured with reasonable ￿rtainty. 6. Transactions with Tmstees and Related Parties No payments were made to any of the Trustees in the period. Total payments made and due to Aldeburgh Yacht Club in respect of the provision of water-based eXperien￿S to the persons nominated by the Trust to receive them in the period totalled £6.708.06.