## **Oulton Broad Water Sports Centre** **Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, registered in England and Wales, No. 1193626** **Address: Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** **Trustees’ Annual Report for the period 23[rd] Feb 2021 to 31[st] March 2022** ## **Objectives and Activities** ## Purpose The object of the CIO is the promotion of community participation in healthy recreation for the benefit of the public in Suffolk, Norfolk and the East Anglian region by providing facilities to participate in water sports and providing training to enable the safe participation of the public in water sports. ## Activities This has been the first year of operation the new CIO. Owing to the COVID 19 pandemic and the need to rebuild the management of the water sports centre, by a new voluntary team, the main activities of the Oulton Broad Water Sports Centre (the Centre) in 2021-2022 concentrated upon raising funds and making good the facilities of the Centre. Our delivery of training activities to schools, youth groups and those seeking water sports qualifications was not possible until the Centre had re-established the accreditation of the Royal Yachting Association (RYA), British Canoeing (BC) and the Adventure Activities Licencing Authority (AALA). This was not fully achieved until towards the end of the water sports season. As part of our fund-raising efforts, we were able to introduce a new service to the Oulton Broad area by hiring paddle boards and kayaks to the public. This also raised awareness of the facilities of the Centre, and enabled about 240 adults and 90 children to take part in sessions of paddle sports: for most of them this was a completely new experience. This was in line with the objects of the CIO, as it provided the opportunity to safely take part in water sports. In addition, the Water Sports building, which had already been empty for a year, has now been internally repaired and decorated, so that it can be fully used from April 2022. ## Public Benefit The Trustees have had regard to the guidance on public benefit and believe that even the restricted activities carried out in the year were of benefit to the public, who were keen to enjoy outdoor activities after over a year of COVID restrictions. In addition, the promotion of the Centre was essential for the recruitment of schools and other organisations for the year 2022-3. Hiring was at commercial rates, in line with the pricing policy, as it was public provision rather than the special rates offered to schools and youth groups. **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **1** of **8** Funds were spent purely on the essentials of bringing buildings and equipment up to standard, and paying for the necessary licences and utilities. No staff were employed, and all of the running of the Centre and as much as possible of the remedial repairs and redecoration was carried out by volunteers. ## Volunteers The Centre has approximately 40 volunteers who help with different aspects of the work. Many of the volunteers regularly maintain and service the watercraft, and this year they have also carried out nearly all the non-technical maintenance of the centre: decorating, cleaning etc., our records show that the total volunteering time contributed was 92 days (full-time equivalent). 86 volunteer days enabled the hiring service to be run and 54 days were spent on craft maintenance. In addition, all the professional water sports documentation, organisation administration, fund raising (Grants), finance, HR, PR and IT work has been carried out by volunteers. This voluntary management contribution is harder to evaluate as mostly it occurs in the home setting, we estimate this to be at least 132 days. The trustees (all unpaid) have met monthly for most of this start-up year, contributing a further 39 days. In total at least 403 days have been contributed by our volunteer team. Many of these people are of retirement age and more vulnerable to COVID, so could not do as much as they would have liked, but still helped where they could. ## **Achievements** The main objectives this year were: - to get the Centre fit for purpose - to open the Centre, if only for limited services, - to achieve recognition by the Royal yachting Association, and other bodies, to ensure that water sports could be undertaken in a safe and professional manner, - and to ensure that schools and other organisations heard that we would be able to run courses and activities at various levels once the COVID restrictions were lifted, and groups felt safe to mix again. All these objectives have been achieved, as - The internal facilities of the Water Sports Centre have been repaired, and decorated and are now fully functional, - The centre was open at the weekends in the summer of 2021, for the hire of paddle boards and kayaks, - The Centre, its facilities and operating procedures were inspected where necessary, (e.g., by the Royal Yachting Association) and accredited for providing water sports - In the spring of 2022, several schools and groups booked for regular sessions during the summer 2022 season. . We do feel that even the limited facilities available in this first year of operation were beneficial to the 300+ people who hired out paddle craft, who all said they had enjoyed the **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **2** of **8** experience. Some came back for a second try, some decided to buy their own craft, several expressed an interest in completing more formal water sports training and qualifications and others promised to return the next year. In addition, the activity on the water made the Park (where we are based) into a more lively and pleasant place for people to spend time outdoors, even if not on the water. ## **Other** At the end of March, the Centre has succeeded in recruiting a very experienced senior instructor as Centre Manager. He started in April 2022 and will be able to manage the facilities and run courses in a way that just isn’t possible using only volunteers. The Centre has been successful in receiving grants to help us start up and deal with COVID. The total grant income has been over £30,000, without which, this year, we could not have dealt with the building maintenance, re-establish professional accreditation for the Centre and open a limited hiring service to the public. Further, and most importantly, these grants and donations have provided the financial security for us to be able to appoint a Centre Manager in 2022-23 on an annual contract. We thank Oulton Broad Parish Council, East Suffolk Council, Suffolk County Council, Norfolk Community Foundation through the Lovewell Blake Fund, Arnold Clarke Community Fund, Adnams Community Trust, Windcat Workboats Fundraising, and Oulton Broad Water Sports Centre Supporters Group for their time and generosity. The dedication of the volunteers has enabled us to provide a hiring service during the summer months, which brought in some necessary revenue (about £6,000). This encouraged people on to the water who probably would not otherwise have taken part in this form of exercise. This activity also contributed to the ‘lively’ feel of Nicholas Everitt Park (where the Centre is based) and encouraged more people to enjoy activities on the water and in the park. The physical building which houses the Water Sports Centre had been neglected for some time, so needed substantial repairs and maintenance. The external work, including rethatching the roof, is the responsibility of the Landlord, and scheduled to be completed during 2022-23. Fire safety (alarms, emergency lights etc) together with plumbing work associated with the water treatment report, are also the responsibility of the landlord and have been completed. The Charity has responsibility for internal works including other safety issues, and decorations which are now complete. From the beginning of the 2022 season the facilities have been fit for schools etc to use safely. Providing a physical and sporting training facility requires a great deal of safety documentation and procedure preparation. Whilst it has been possible to draw upon historical documents passed on from the previous management all of this has required extensive revision and updating. The management team and the trustees have been instrumental in developing the required documentation. Similarly, the business aspects of the organisation require properly formulated policies covering a wide range of safety, employment, financial, data protection and many other areas. As a new organisation there was little legacy of these documents to draw upon and the management team and trustees have devoted considerable efforts to develop in excess of 80 policy positions. **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **3** of **8** ## **Statement Of Recommended Practice** This report and accounts have been prepared in line with SORP FRS 102. ## **Financial Review** ## **Review of the charity’s financial position at the end of the period** Although the charity inherited assets of craft and equipment from the previous CIO responsible for the management, it has been difficult to put most of them to use during a pandemic. The Centre has had to rely largely on grants this year to make the premises usable, and very little income has been raised from our activities. Fortunately, our wonderful volunteers have put in so much work, that most of the expenditure has been on essentials, such as rent, utilities, professional memberships, and licences for the watercraft. This means that we finish the year with a surplus of £ 14,072. This looks healthy, but, since the income from grants was just over £30,000 in 2021-2, we are well aware that we need to generate a lot more income in the new financial year, especially since we now have a member of staff to pay. ## **Reserves** The intention (and Policy) is to build up a reserve of about 30% of the annual operating expenditure. This would be to cover the rent for 6 months and permanent staff salaries and related costs for 6 months. However, in 2021-2 with so little turnover relating to our normal activities (as opposed to dilapidations, and other special grant income (including relating to COVID), it seemed inappropriate to allocate anything to reserves in the year 2021-2. It is hoped that this situation will improve in 2022-3, though it may take some time to establish a normal pattern of expenditure, as such a large proportion of income-generating activity can only take place during the summer months. ## **Sources of Funds in 2021-2** ## **Equipment of the Water Sports Centre** A centre for water sports was established on the current site in 1987 and run by the county council as one of the county’s water sports facilities. More recently the council relinquished control of the Centre with it initially being passed to the management of a local school and then to a local leisure trust. Over this period the Centre accumulated a considerable amount of equipment (craft, clothing etc.) from various sources. This was all provided so that the Centre could deliver water sports training and experiences to the community. When the Leisure Trust folded under the covid stress the parish council (landlord of the property) took possession of the equipment and passed it to our new CIO upon signing of a nine-year lease. An inventory of the equipment was made and, after fair allowance was made for depreciation, valued at £33,221. As they were neither purchases nor donations this is shown in the accounts as assets brought forward at the beginning of the year. ## **In 2021-2 grants were received from:** **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **4** of **8** Oulton Broad Parish Council: £10000, an unrestricted grant to facilitate the start-up of the Centre under the management of the CIO. East Suffolk Council: £2667 under the Additional Restrictions Grant scheme from the covid19 business grants team, an unrestricted grant towards recovery from Covid during 2021 Arnold Clark Community Fund Award: £1000, an unrestricted grant in support of OBWSC as a qualifying local community charity. OBWSC Supporters Group: £3600 +£800 presented as a donation of nine brand new standup paddleboards and a bank transfer of £800 towards the cost of servicing the engines of safety boats. This gift was originally funded by the Suffolk County Council through the Locality award scheme, specifically for this purpose, by request of councillors James Reeder and Keith Robinson. This equipment proved to be instrumental in the delivery of the public hiring activities. Adnams Community Trust: awarded OBWSC a payment of £500 towards the purchase of IT equipment. They also provided practical advice regarding the selection of equipment to purchase. Norfolk Community Foundation (NCF): through the Lovewell Blake Fund granted a sum of £2000 towards the purchase of PPE (buoyancy aids, helmets and wetsuits). Supply of the items was delayed owing to the original supplier changing prices. With the approval of NCF purchase was finally made in April 2022 (accrued in the accounts for 2021-22). Donations included a generous contribution from Windcat Workboats Fundraising. ## **Activities run by OBWSC:** Hiring paddle craft raised just over £6200. Other income from use of the Centre and its equipment was just over £1200 ## **Principal risks facing the charity** The risks are: COVID19 showed that the Centre is vulnerable to external factors that prevent schools and groups from participating in regular activities. Our current lack of reserves means that in the event of a repetition of a similar global or regional event in the near future we will struggle to have enough funds to pay a permanent employee. However, without an employee, we do not have the capacity to carry out any work to generate income. This remains a current operating risk. If the higher cost of living restricts schools and other groups from being able to afford to take part in water sports activities, (which aren’t cheap, despite offering all our primary-purpose customers reduced rates), we may not have enough turnover. **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **5** of **8** The recent rises in the cost of living may increase our overheads by more than we could increase prices. This charity was set up by volunteers and runs on volunteers. It would not be viable as an organisation if it had to pay for the work of the volunteers. If volunteers are unable or unwilling to carry out as much work as last year (which was exceptional), there are two possible options. We could restrict the number of craft which can be used, or the number of courses we can run. This would reduce our income, but not our overhead costs or the fixed cost of sales (licences, professional memberships etc). Alternatively, we could employ additional support staff, which would increase our costs. As with all organisations there are key members of the management team (currently all volunteers) who would be greatly missed if they became unavailable for any reason. ## **Structure, Governance and Management** The charity was set up by a Foundation Constitution. The charity is a Charitable Incorporated Organisation: number **1193626** At 31 March 2022 the Trustees remain the first Charity Trustees. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Organisation There are nine trustees. Five of the initial trustees formed the Steering Group, which reported to the full Trustee meeting on a regular basis. This steering group has now evolved into the core of the Management Team which also includes non -trustee volunteers, and now includes the Centre Manager (from April 2022). The Management team are in regular contact with, and direct the activities of the volunteers who, until April 2022, have been performing the majority of the work. ## **Reference and Administrative details** Charity name: Oulton Broad Water Sports Centre Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, registered in England and Wales, No. 1193626 Address: Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR ## **Trustees who manage the Charity** **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **6** of **8** |**Name**|**Office (if any)**|**Dates (if not**
**full year)**|**Name of person or**
**body entitled to**
**appoint trustee**| |---|---|---|---| |John FrancisKelly|Chair||None| |Claire Louise Grasby|Principal||None| |Clive Purvis|Chief Instructor||None| |Charles Peter Werner|Finance Officer||None| |BarryLing|||None| |Lawrence Christopher Chapman|||None| |Benvenuto Andreas Falat|||None| |Peter Derrick Edwards|||None| |Edward John Killett|||None| ||||| ## **Funds held as custodian Trustees on behalf of others :** None. ## **Declarations** **The Trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the Trustees** **Signatures (2):** **Full names: Full names:** Position (chair etc) Position (chair etc) Date: Date: **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **7** of **8** **Oulton Broad Water Sports Centre, Colman’s Dyke, Nicholas Everitt Park, Oulton Broad, Suffolk, NR33 9JR** t: 01502 558487 | e: enquiries@obwsc.co.uk | https://www.oultonbroadwatersportscentre.co.uk Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626 Page **8** of **8** |**Oulton Broad Water Sports Centre**|**Oulton Broad Water Sports Centre**|**Oulton Broad Water Sports Centre**|Charity No
(if any)|**1193626**|| |---|---|---|---|---|---| |Annualaccountsforthe period|||||| |Period start date|**01/04/2021**|**To**|Period end
date|**31/03/2022**|| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense:
dilapidations
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||15,379|40,121|-|55,500|-| ||7,530|-|-|7,530|-| |||-|-|-|-| ||-|-||-|-| ||10,000|-|-|10,000|-| ||243|-|-|243|-| ||33,152|40,121|-|73,273|-| ||||||| ||-|-|-|-|-| ||5,179|-|-|5,179|-| ||3,732|-|-|3,732|-| ||21,712|54|-|21,766|-| ||30,623|54|-|30,677|-| ||||||| ||2,529|40,067|-|42,596|-| ||-|-|-|-|-| ||2,529|40,067|-|42,596|-| ||-|-|-|-|-| ||40,067|40,067
-|-|-|-| ||||||| ||-|-|-|-|-| ||4,696|-|-|4,696|-| ||47,292|-|-|47,292|-| ||||||| ||-|-|-|-|-| ||47,292|-|-|47,292|-| Section B Balance sheet Restricted Income fund8 UnTrstrl¢t¢d funds EndoTfftnt Total th1$ funds year Total last y￿r Fixed assets Intsngible assets Tangible assets Heritage assets Investrnents F01 F02 F03 F04 F05 (Note 151 (Note 141 (Note 161 {Nots 17) Total fixed assets 27.136 27.136 27.136 27.136 Current assets Stocks (Note 181 Debtors {Note 19) Investments (Note 17.4) Cish at bank and in hand (Note 241 Total Current assets 320 320 22.937 23,257 22,937 23,257 Blo Creditors: amounts falling due within one year (Note 201 3.101 3.101 Net cufftnt assetsl(liabilitiesJ B12 20,156 20,156 Total assets less current liabilities B13 Creditorn: amounts falllng due after one year (Note 201 Provisions for Ilablllties 814 815 Total net assets or liabiTlities B18 47,292 47.292 Funds of the Charity Endowment funds (Note 271 Restrictgd income funds IN¢>ts 27) Unrestricted funds Revaluatbon reserv• 817 B18 819 47.292 47,292 820 Total fiinds B21 47,292 47,292 Signed by one or trustees on behalf of all the trustees Date of approval ddlmml Sjgnalure Print Name CC17a (Excell 05112r2022 ## **Section C Notes to the accounts** Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ✓ * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes* ✓ * -Tick as appropriate No* ## _**Please disclose:**_ _**(i) the nature of the change in accounting policy;**_ _**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_ ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* ✓ * -Tick as appropriate No* ## _**Please disclose:**_ _**(i) the nature of any changes;**_ _**(ii) the effect of the change on income and expense or assets and liabilities for the current period; and**_ _**(iii) where practicable, the effect of the change in one or more future periods.**_ ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* ✓ * -Tick as appropriate No* ## _**Please disclose:**_ ## _**(i) the nature of the prior period error;**_ _**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_ _**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_ CC17a (Excel) 13/12/2022 3 ## **Section C Notes to the accounts** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE** **----- Start of picture text -----**
Please provide a description
of the nature of each change
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
**----- End of picture text -----**
CC17a (Excel) 13/12/2022 4 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant only
occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the terms
of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in the
SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the
fair value of those gifts at the time of their receipt and they are recognised on receipt. In the
reporting period in which the stocks are distributed, they are recognised as an expense at
the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of the
gift to the charity provided the value of the gift can be measured reliably.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance sheet.
On its sale the value of stock is charged against 'Income from other trading activities' and
the proceeds from sale are also recognised as 'Income from other trading activities'.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
These are capitalised if they can be used for more than two years or cost at least £500
individually or as a set.
**Redundancy cost**
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can
be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per paragraph
11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured
at the best estimate of the amount required to settle the obligation at the reporting date
**Basic financial**
**instruments**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
This includes any realised or unrealised gains or losses on the sale of investments and any
gain or loss resulting from revaluing investments to market value at the end of the year.
p
p
g
g
y
are recognised as income earned from the provision of goods and services as income from
charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition criteria
are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the
SoFA.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories
on a basis consistent with the use of resources, eg allocating property costs by floor areas,
or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued
at initially at cost and subsequently at fair value (their market value) at the year end. The
same treatment is applied to unlisted investments unless fair value cannot be measured
reliably in which case it is measured at cost less impairment.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody or
legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
They are valued at cost.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.|||| |---|---|---|---| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| |**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Debtors**
**Current asset investments**|Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
They are valued at fair value except where they qualify as basic financial instruments.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they
are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---| |||||✓| |||Yes
No
N/a||| |||✓
||| |||Yes
No
N/a||| |||||✓| |||Yes
No
N/a||| |||||✓| |||||| |||||| **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
1,682- -1,682
-
Gift Aid
- - - - -
Legacies
- - - - -
General grants provided by government/other
charities
13,697 6,900-20,597
-
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- 33,221
- 33,221
-
Other
- - -
**Total** 15,379 40,121
- 55,500
-
Hire of facilities and equipment
7,530- -7,530
-
Training courses and activities
- - - - -
- - - - -
Other
- - - - -
**Total** 7,530 - -7,530
-
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**
- - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
**Total**
- - - - -
Landlord payment towards repair of
dilapidations at start of lease
10,000- -10,000
-
- - - - -
- - - - -
- - - - -
**Total** 10,000 - -10,000
-
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
243- -243
-
**Total** 243 - -243
-
33,152 40,121
-73,273
-
**Other information:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**
**Analysis**
**Donations**
**and legacies:**
**TOTAL INCOME**
**Other:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**| |---|---|---|---|---|---|---| ||Donations and gifts|1,682|-|-|1,682|-| ||Gift Aid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|13,697|6,900|-|20,597|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|33,221|-|33,221|-| ||Other||-|-|-|| ||**Total**|15,379|40,121|-|55,500|-| |||||||| ||Hire of facilities and equipment|7,530|-|-|7,530|-| ||Training courses and activities|-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|7,530|-|-|7,530|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasing income|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Landlord payment towards repair of
dilapidations at start of lease|10,000|-|-|10,000|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|10,000|-|-|10,000|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
forcharity's ownuse|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|243|-|-|243|-| ||**Total**|243|-|-|243|-| |||||||| |||33,152|40,121|-|73,273|-| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||||||| |**Where any endowment fund is converted into income in the**
**prior period, please give the reason for the conversion.**
**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||||||| |||||||| |||||||| CC17a (Excel) 13/12/2022 8 **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** General grants (unrestricted): £10000 received from Oulton Broad parish council, Other: £10,000 received from Oulton Broad parish council in their capacity as landlord for dilapidations in condition of the premises (not restricted). CC17a (Excel) 13/12/2022 9 **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of receipts of government grants** |**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants that_**
**_have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**This year**
**£**
**Description**|**This year**
**£**
**Description**|**This year**
**£**
**Description**| |---|---|---|---| ||Oulton Broad Parish Council GRANT FP Unrestricted||10,000| ||East Suffolk Council (Unrestricted) Covid additional restrictions Mar
2022||2,667| ||||-| ||||-| ||**Total**
**Description**||12,667| ||||**Last year**
**£**| ||||-| ||||-| ||||-| ||||-| ||**Total**
-
**Thisyear**
**Lastyear**||-| ||||| ||**Thisyear**
**Lastyear**||| ||||| CC17a (Excel) 13/12/2022 10 **Section C Notes to the accounts (cont)** ## **Note 5 Donated goods, facilities and services** |**Note 5 Donated goods, facilities and services**|**Note 5 Donated goods, facilities and services**||| |---|---|---|---| |**Thisyear**
**Use of property**
**Other:**Donation of 9 Stand Up Paddleboards received from OBWSC Supporters Group
who were in receipt of a Locality award from East Suffolk Council
**Seconded staff**
**Other**: Donation of watersports equipment from the previous management charity to
OBWSC||**This year**
**Last year**
**£**
**£**|| |||-|-| |||-|-| |||3,600
|-| |||33,221|| |||36,821|-| ||||| |||**Lastyear**|| |**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|Goods donated for on-going use by the charity
are recognised as tangible fixed assets and
included in the SoFA as incoming resources
when receivable.||| |**Please provide details of any unfulfilled**
**conditions and other contingencies**
**attaching to resources from donated**
**goods and services not recognised in**
**income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||| ||
During this first year equipment previously used
by the watersports Centre was donated by the
previous managing charity, Sentinel Leisure
Trust. The value of the donated equipment was
set at £33221. The transfer was made on the
understanding that this equipment be used for
the charitable purposes of providing accessible
watersports activities and training. It is
therefore, designated asrestricted.||| ||||| ||No staff were employed in this year. All work
was done by volunteers. Logging-in sheets for
work on-site show in excess of 230 days. This
does not include management time or that of the
trustees for their work which was carried out off-
site, butis estimated to be afurther 200 days.||| CC17a (Excel) 13/12/2022 11 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---|---|---| |Incurred seeking donations|-|-|-|-|-|-|-|-| |Incurred seeking legacies|-|-|-|-|-|-|-|-| |Incurred seeking grants|-|-|-|-||||-| |Operating membership schemes and
social lotteries|-|-|-|-||||-| |Staging fundraising events|-|-|-|-||||-| |Fudraising agents|-|-|-|-||||-| |Operating charity shops|-|-|-|-||||-| |Operating a trading company
undertaking non-charitable trading
activity|-|-|-|-||||-| |Advertising, marketing, direct mail and
publicity|-|-|-|-|-|-|-|-| |Start up costs incurred in generating
new source of future income|-|-|-|-|-|-|-|-| |Database development costs|-|-|-|-|-|-|-|-| |Other trading activities|-|-|-|-||||-| |Investment management costs:|-|-|-|-||||-| |Portfolio management costs|-|-|-|-|-|-|-|-| |Cost of obtaining investment advice
|-|-|-|-|-|-|-|-| |Investment administration costs|-|-|-|-|-|-|-|-| |Intellectual property licencing costs|-|-|-|-|-|-|-|-| |Rent collection, property repairs and
maintenance charges|-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total expenditure on raising funds**|-|-|-|-|-|-|-|-| |**Expenditure on charitable activities:**||||||||| |Providing facilities to participate in water
sports (licences, professional
memberships, craft maintenance and
servicing)|5,179|-|-|5,179|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total expenditure on charitable**
**activities**|5,179|-|-|5,179|-|-|-|-| |**Separate material item of expense**||||||||| |dilapidations:cost of repairs to premises|3,732|-|-|3,732|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total**|3,732|-|-|3,732|-|-|-|-| |**Other**||||||||| |rent and utilities|2,963|-|-|2,963|-|-|-|-| |insurance|3,231|-|-|3,231|-|-|-|-| |legal and professional fees and
bank/payment charges|2,083|-|-|2,083|-|-|-|-| |other(incl.depreciationcharge)|13,435|54|-|13,489|-|-|-|-| |**TOTAL EXPENDITURE**
**Total other expenditure**
|21,712|54|-|21,766|-|-|-|-| ||**30,623**|54|-|30,677|-|-|-|-| ## **Other information:** ## **Analysis of expenditure on charitable activities** |**Analysis of expenditure on charitable**|**activities**|**activities**|**activities**|**activities**||||| |---|---|---|---|---|---|---|---|---| ||**Thisyear**||||**Lastyear**|||| |**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Providing facilities to participate in water
sports|5,179|-|-|5,179|-|-|-|-| |Activity2|-|-|-|-|-|-|-|-| |Other|-|-|-|-|-|-|-|-| |**Total**|5,179|-|-|5,179|-|-|-|-| |||||||||| CC17a (Excel) 13/12/2022 12 ## **Section C Notes to the accounts (cont)** ## **Note 7 Extraordinary items** ## _**Please explain the nature of each extraordinary item occurring in the period.**_ |**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---| ||-|-| |||| ||-|-| ||-|-| ||-|-| |||| ||-|-| |**s**|-|-| **Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items** CC17a (Excel) 13/12/2022 13 ## **Section C Notes to the accounts** ## **Note 8 Funds received as agent** ## _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_ |||**Amount received**|**Amount received**|**Amountpaid out**|**Amountpaid out**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---|---|---|---|---|---| |**Description/name of party**|**Related**
**party (Yes**
**or No)**|**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**| |||**£**|**£**|**£**|**£**|**£**|**£**| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |**Total**||-|-|-|-|-|-| ## _**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_ |**Description/name of party**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---| ||**Thisyear**|**Lastyear**| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |**Total**|-|-| CC17a (Excel) 13/12/2022 14 ## **Section C Notes to the accounts** ## **Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ ## **This year** |**This year**|||||| |---|---|---|---|---|---| |**Support cost**
**(examples)**|**Raising funds**|**Activity 1**|**Activity 2**|**Activity 3**|**Grand total**| ||**£**|**£**|**£**|**£**|**£**| |Governance|-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| |Other|-|-|-|-|-| |**Total**|-|-|-|-|-| ## **Last year** |**Last year**|||||| |---|---|---|---|---|---| |**Support cost**
**(examples)**|**Raising funds**|**Activity 1**|**Activity 2**|**Activity 3**|**Grand total**| ||**£**|**£**|**£**|**£**|**£**| |Governance|-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| |Other|-|-|-|-|-| |**Total**|-|-|-|-|-| _**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_ CC17a (Excel) 13/12/2022 15 **Basis of allocation (Describe method)** **Basis of allocation (Describe method)** CC17a (Excel) 13/12/2022 16 ## **Depreciation rates and methods** ## **Asset Regsister and depreciation** All items or sets of items (e.g., buoyancy aids) costing more than £500, or having a useful expected life of more than two years will be considered to be fixed assets. The asset register will record each item, its asset number, its purchase value, purchase date, depreciated value, location and whether they are Restricted Assets or not. Fixed assets will be depreciated in line with OBWSC agreed rates appropriate to the specific type of asset: therefore some items will be depreciated over 2 years, and some over as much as 20 years. Straight line depreciation will be used ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**|provision| |---|---|---|---| ||400|-|| ||-|-|| ||-|-|| ||-|-|| CC17a (Excel) 13/12/2022 18 ## **Section C Notes to the accounts (cont)** **Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** |||**This year**||**Last year**| |---|---|---|---|---| |||**£**||**£**| |**Salaries and wages**|||-|-| |**Social security costs**|||-|-| |**Pension costs (defined contribution scheme)**||||| |**Other employee benefits**|||-|-| ||**Total staff costs**||-|-| **This year:** **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:** **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** |**Band**|**Number of employees**|**Number of employees**| |---|---|---| ||**This year**
-|**Last year**
-| |**£60,000 to £69,999**||| |**£70,000 to £79,999**|-|-| |**£80,000 to £89,999**|-|-| |**£90,000 to £99,999**|-|-| |**£100,000 to £109,999**|-|-| |||| |**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees, see**
**Note 28.**||| ||**Thisyear**|**Lastyear**| ||**£**|**£**| ||-|-| CC17a (Excel) 13/12/2022 19 **11.2 Average head count in the year The parts of the charity in which the employees work** ||**This year**
**Number**|**Last year**
**Number**| |---|---|---| |**Fundraising**|-|-| |**Charitable Activities**|-|-| |**Governance**|-|-| |**Other**|-|-| |**Total**|-|-| ## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **This year Last year** **Please state the legal authority or reason for making the payment** **This year Last year** |**Please state the amount of the payment (or value of any waiver of a**
**right to an asset)**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**
-
|**£**
-| CC17a (Excel) 13/12/2022 20 ## **11.4 Redundancy payments** ## _**Please complete if any redundancy or termination payment is made in the period.**_ |**Please state the accounting policy for any redundancy or**
**termination payments**
**The extent of redundancy funding at the balance sheet date**
**The nature of the payment (cash, asset**
**etc.)**
**Total amount of payment**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**
-|**£**
-| |||| |||| |||| ||**Thisyear**|**Lastyear**| ||**£**
-|**£**
-| |||| |||| CC17a (Excel) 13/12/2022 21 ## **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ |**Please explain the basis for allocating the liability and expense of**
**defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**
**Amount of contributions recognised in the SOFA as an expense**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**
-|**£**| |||-| |||| |||| ## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_ **Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different** _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_ **Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details** **Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details** CC17a (Excel) 13/12/2022 22 ## **Section C Notes to the accounts (cont)** **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year:** |**This year:**|**This year:**|**This year:**||| |---|---|---|---|---| |**13.1 Analysis of grants paid (included in cost of charitable activities)**||||| |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**|**Total**| ||||**£**|**£**| |Activityorproject 1|-|-|-|-| |Activityorproject 2|-|-|-|-| |Activityorproject 3|-|-|-|-| |Activityorproject 4|-|-|-|-| |**_Total_**|**-**|**-**|**-**|**-**| _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions** |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_Yes_**|**_Please provide_**
**_details of_**
**_charity's URL._**| |---|---|---|---| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| |**_TOTAL GRANTS PAID_**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**|||**-**| ||||-| ||||-| ## **Last year:** |**Last year:**|**Last year:**|**Last year:**|**Last year:**|**Last year:**| |---|---|---|---|---| |**13.3 Analysis ofgrantspaid(included in cost of charitable activities)**||||| |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**
**£**|**Total**
**£**| |Activityorproject 1|-|-|-|**-**| |Activityorproject 2|-|-|-|**-**| |Activityorproject 3|-|-|-|**-**| |Activityorproject 4|-|-|-|**-**| |**_Total_**|**-**|**-**|**-**|**-**| _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.4 Grants made to institutions** |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_Yes_**|**_Please provide_**
**_details of_**
**_charity's URL._**| |---|---|---|---| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| |**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|||**-**| ||||-| ||||-| CC17a (Excel) 13/12/2022 23 ## **Section C Notes to the accounts (cont)** ## **Note 14 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ **14.1 Cost or valuation** |**Freehold land &**
**buildings**
**Other land &**
**buildings**
**£**
**£**
At the beginning of the year
- -
Additions
- -
Revaluations
- -
Disposals
- -
Transfers *
- -
At end of the year
- -
****Basis**
** Rate: Depreciation is based on the expected
life of the asset when bought. This can be
between 2 years (e.g. some office equipment) and
20 years (sailing equipment)
At beginning of the year
- -
Disposals
- -
Depreciation
-
Impairment
- -
Transfers*
- -
At end of the year
- -
Net book value at the beginning of the year
- -
Net book value at the end of the year
- -
**14.4 Impairment**
**14.3 Net book value**
**14.2 Depreciation and impairments**
**_This year: Please provide a description of the events and circumstances that led_**
**_to the recognition or reversal of an impairment loss._**
**_Last year: Please provide a description of the events and circumstances that led_**
**_to the recognition or reversal of an impairment loss._**|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**| |---|---|---|---|---|---| ||-|-|-||-| ||-|-|-|39,289|39,289| ||-|-|-|-|-| ||-|-|-|- 104|- 104| ||-|-|-|-|-| ||-|-|-|39,185|39,185| ||||||| |||||SL|SL| ||

|||various|| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| |||-|-|12,049|12,049| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|12,049|12,049| ||||||| ||-|-|-|-|-| ||-|-|-|27,136|27,136| ||||||| ||||||| ||||||| ||||||| CC17a (Excel) 13/12/2022 24 **14.5 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ **This year Last year** _**the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been**_ - - _**carried under the cost model.**_ ## **14.6 Other disclosures** |**_(iii) Details of the existence and carrying amounts of property, plant and_**
**_equipment to which the charity has restricted title or that are pledged as security_**
**_for liabilities._**
**_(i) Please state the amount of borrowing costs, if any, capitalised in the construction of_**
**_tangible fixed assets and the capitalisation rate used._**
**_(ii) Please provide the amount of contractual commitments for the acquisition of tangible_**
**_fixed assets._**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**|**£**| ||-|-| ||-|-| |||| _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC17a (Excel) 13/12/2022 25 ## **Section C Notes to the accounts (cont)** ## **Note 15 Intangible assets** ## _**Please complete this note if the charity has any intangible assets**_ **15.1 Cost or valuation** |At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **15.2 Amortisation and impairments** |****Basis**
**** Rate**
At beginning of the year
Disposals
Amortisation
Impairment
Transfers*
At end of year
Net book value at the beginning
of the year
Net book value at the end of the
year
**15.3 Net book value**|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")| |---|---|---|---|---|---| ||||||| ||- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -||||| ||-|-|-|-|| ||-|-|-|-|| ## **15.4 Accounting policy** _**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates**_ _**Policies for the recognition of any capital development**_ CC17a (Excel) 13/12/2022 26 ## **15.5 Impairment** |**This year:**
**Last year:**
**15.6 Revaluation**
**_the effective date of the revaluation_**
**_(iv) State the amount of research and development_**
**_expenditure recognised as expenditure in the year._**
**_(v) Please detail the headings in the SOFA in which a_**
**_charge for amortisation of intangible assets is included._**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**_(vi) For any material intangible assets, please provide a_**
**_description, its carrying amount and any remaining_**
**_amortisation period._**
**_(i) If your intangible asset was acquired by way of grant,_**
**_provide value on initial recognition and carrying amount of_**
**_the asset._**
**_(ii) Details of the carrying amounts of any intangible_**
**_assets to which the charity has restricted title or that are_**
**_pledged as security for liabilities._**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of an_**
**_impairment loss._**
**15.7 Other disclosures**
**_(iii) Please provide the amount of contractual_**
**_commitments for the acquisition of intangible assets._**
**_If an accounting policy of revaluation is adopted, please provide:_**
**_the carrying amount that would have been recognised had_**
**_the assets been carried under the cost model._**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of an_**
**_impairment loss._**
**This year**
**Last year**||| |---|---|---| |||| |||| |||| ||**This year**|**Last year**| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ CC17a (Excel) 13/12/2022 27 ## **Section C Notes to the accounts (cont)** ## **Note 16 Heritage assets** _**Please complete this note if the charity has heritage assets**_ ## **16.1 General disclosures for all charities holding heritage assets** **This year Last year** **(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.** ## **16.2 Cost or valuation** |At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year
Net book value at the beginning of the
year
Net book value at the end of the year
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**£**|**Heritage asset**
**2**
**£**|**Heritage asset**
**3**
**£**|**Heritage asset**
**4**
**£**|**Total**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| |||||||Straight Line
("SL") or
Reducing
Balance
| |||||||~~( RB )~~| ||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|||||| ||-|-|-|-|-|| ||-|-|-|-|-|| CC17a (Excel) 13/12/2022 28 ## **16.5 Impairment** ## **This year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **Last year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **16.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_ **This year Last year** ## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation** |Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period|**At valuation**
**Group A**
**£**|**At cost Group**
**B**
**£**|**Total**
**£**| |---|---|---|---| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)** |**(i) Explain the reason why heritage**
**assets have not been recognised on**
**the balance sheet.**
**(ii) Describe the significance and**
**nature of heritage assets.**
**(iii) Disclose information that is**
**helpful in assessing the value of**
**heritage assets.**
**(iv) Explain the reason why it is not**
**practicable to obtain a valuation of**
**heritage assets.**|**This year**|**Last year**| |---|---|---| |||| |||| |||| |||| CC17a (Excel) 13/12/2022 29 ## **16.9 Five year summary of heritage assets transactions** ||**2015**|**2014**|**2013**|**2012**|**2011**| |---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**| |**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-||||| ||-||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| CC17a (Excel) 13/12/2022 30 **Section C Notes to the accounts (cont)** ## **Note 17 Investment assets** _**Please complete this note if the charity has any investment assets.**_ ## **17.1 Fixed assets investments (please provide for each class of investment)** |Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
Carrying (fair) value at end of year|**Cash & cash**
**equivalents**|**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ***Please specify additions resulting from acquisitions through business combinations, if any.** _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ ## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.** ## **This year: Analysis of investments** |**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Other investments**
**Total**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Listed investments**|||| |---|---|---|---| ||**Fair value at year end**|**Cost less impairment**|| ||**£**|**£**|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-||| **Last year: Analysis of investments** |**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Total**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**
**Listed investments**
**Social investments**||| |---|---|---| ||**Fair value at year end**|**Cost less impairment**| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|| CC17a (Excel) 13/12/2022 31 ## **17.3 If your charity holds investment properties, please complete the following note:** |**(iv) Explain any contractual obligations for the purchase,**
**construction or development of investment property or for**
**repairs, maintenance or enhancements**
**(ii) Name or independent valuer, if applicable, and relevant**
**qualifications**
**(iii) Provide details of any restrictions on the ability to**
**realise investment property or on the remittance of income or**
**disposal proceeds**
**(i) Explain the methods and significant assumptions in**
**determining the fair value of investment property held by the**
**charity**|**Thisyear**|**Lastyear**| |---|---|---| |||| |||| |||| |||| ## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Total**
**Analysis of current asset investments**
**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Social investments**
**Other investments**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ## **17.5 Guarantees** |**Please provide details and amount of any guarantee made to**
**or on behalf of a third party**
**Name of the entity or entities benefitting from those**
**guarantees**
**Please explain how the guarantee furthers the charity's aims**|**Thisyear**|**Lastyear**| |---|---|---| |||| |||| |||| CC17a (Excel) 13/12/2022 32 ## **17.6 Concessionary loans** |**Where a charity has provided financial assets as**
**a form of security, the carrying amount of the**
**financial asset pledged as security and the terms**
**and conditions relating to its pledge.**
**For all investments measured at fair value, the**
**basis for determining the value, including any**
**assumptions applied when using a valuation**
**technique.**
**17.7 Additional information**
**Please provide information about the**
**significance of investments to the charity's**
**financial position or performance eg. terms and**
**conditions of loans or the use of hedging to**
**manage financial risk.**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_).**
**Amount of concessionary loans received**
**_(Multiple loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**|**_Description_**|**_Description_**|**This year £**|**Last year £**| |---|---|---|---|---| ||||-|-| ||||-|-| ||||-|-| ||||-|-| ||**_Total_**||-|-| |||||| ||**_Description_**||**This year £**|**Last year £**| ||||-|-| ||||-|-| ||||-|-| ||**_Total_**||-|-| |||||| ||**This year**||**Last year**|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ||**Thisyear**||**Lastyear**|| |||||| |||||| |||||| CC17a (Excel) 13/12/2022 33 ## **Section C Notes to the accounts (cont)** ## **Note 18 Stocks** ## _**Please complete this note if the charity holds any stock items**_ **18.1 Please state the carrying amount of stock and work in progress analysed between activities.** |**activities.**|||||| |---|---|---|---|---|---| |**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
**Charitable activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other trading activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Total this year**
- - - - -
**_Total previous year_**
- - - - -
**Work in**
**progress**
**18.2 Please specify the carrying amount of**
**any stocks pledged as security for liabilities**
**Stock**
**Donated goods**
**This year**
**Last year**
**£**
**£**|**Stock**||**Donated goods**||**Work in**
**progress**| ||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**|| ||**£**|**£**|**£**|**£**|**£**| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| |||**This year**||**Last year**|| |||**£**||**£**|| ||||||| CC17a (Excel) 13/12/2022 34 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 19 Debtors and prepayments**||| |---|---|---| |**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| ||-|-| ||320|-| |||-| ||320|-| **Total** ## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| CC17a (Excel) 13/12/2022 35 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** **Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors** |**Total**|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|
**Amounts falling due after**
**more than oneyear**|
**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||619|-|-|-| ||-|-|-|-| ||2,482|-|-|-| ||-|-|-|-| |||-|-|-| ||3,101|-|-|-| ## **20.2 Deferred income** ## _**Please complete this note if the charity has deferred income.**_ |**_Please explain the reasons why income is deferred_**_._
_Booking (Hiring) for March cancelled and deferred to_
_April_
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**Thisyear**|**Lastyear**|**Lastyear**| |---|---|---|---| ||_60_||| ||||| |||**This year**
**£**|**Last year**
**£**| |||-|-| |||60|-| |||-|-| |||60|-| CC17a (Excel) 13/12/2022 36 ## **Section C Notes to the accounts (cont)** ## **Note 21 Provisions for liabilities and charges** _**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_ ## **21.1 Movements in recognised provisions and funding commitment during the period** |**Amounts added in current period**
**Amounts charged against the provision in the current period**
**Unused amounts reversed during the period**
**Balance at the start of the reporting period**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||400|-| ||-|-| ||-|-| ||400|-| |**21.2 Please provide:**
**- a brief description of any obligations on the balance**
**sheet and the expected amount and timing of resulting**
**payments;**
**- an indication of the uncertainties about the amount**
**or timing of those outflows; and**
**- the amount of any expected reimbursement, stating**
**the amount of any asset that has been recognised for**
**that expected reimbursement.**
**21.3 For any funding commitment that is not**
**recognised as a liability or provision, provide details of**
**commitment made, the time frame of that commitment,**
**any performance-related conditions and details of how**
**the commitment will be funded (with contracts for**
**capital expenditure separately identified).**
**21.4 Where unrestricted funds have been designated**
**to a fund commitment, please disclose the nature of**
**any amounts designated and the likely timing of that**
**expenditure.**|**Thisyear**
**Lastyear**|**Thisyear**
**Lastyear**| |---|---|---| ||
_Provision for independant_
_examination of the accounts._|| ||_First year of operation, so not sure_
_how much work will be involved._|| |||| ||**Thisyear**
**Lastyear**|| ||

|| |||| |||| CC17a (Excel) 13/12/2022 37 ## **Section C Notes to the accounts (cont)** ## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments** |**22.1 Please provide information about the significance of**
**financial instruments (eg. debtors, creditors, investments etc)**
**to the charity's financial position or performance, for**
**example, the terms and conditions of loans or the use of**
**hedging to manage financial risk.**
**22.2 If the charity has provided financial assets as a form of**
**security, the carrying amount of the financial assets pledged**
**as security and the terms and conitions related to its pledge**
**should be given here.**|**This year**|**Last year**| |---|---|---| |||| |||| |||| CC17a (Excel) 13/12/2022 38 **Section C Notes to the accounts (cont)** ## **Note 23 Contingent liabilities and contingent assets** ## **23.1 Contingent liabilities** **Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.** ## **This year** |**This year**|| |---|---| |**Description of item including its legal nature. Please**
**describe any security provided in connection to the**
**liability.**|**Estimate of financial effect**| ||| ||| ||| ||| ## **Last year** |**Description of item including its legal nature. Please**
**describe any security provided in connection to the**
**liability.**|**Estimate of financial effect**| |---|---| ||| ||| ||| ||| ## **23.2 Contingent assets** **Where the charity has contingent assets, please complete the following section when their existence is probable** ## **This year** ## **Last year** **Description of item Estimate of financial effect Description of item Estimate of financial effect** ## **23.4 Other disclosures for contingent assets and/or liabilities** **Please provide the following information where practicable:** **Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement** **Where it is not practical to make one or more of these disclosures, please state this fact** **This year Last year** CC17a (Excel) 13/12/2022 39 ## **Section C Notes to the accounts (cont)** ## **Note 24 Cash at bank and in hand** |**Note 24 Cash at bank and in hand**||| |---|---|---| |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||22,937|-| ||-|-| ||22,937|-| CC17a (Excel) 13/12/2022 40 ## **Section C Notes to the accounts (cont)** ## **Note 25 Fair value of assets and liabilities** |**25.1 Please provide details of the charity's exposure**
**to credit risk (the risk of incurring a loss due to a**
**debtor not paying what is owed) , liquidity risk (the**
**risk of not being able to meet short term financial**
**demands) and market risk (the risk that the value of**
**an investment will fall due to changes in the market)**
**arising from financial instruments to which the**
**charity is exposed at the end of the reporting period**
**and explain how the charity manages those risks.**
**25.2 Please give details of the amount of change in**
**the fair value of basic financial instruments (debtors,**
**creditors, investments (see section 11, FRS 102**
**SORP)) measured at fair value through the SoFA that**
**is attributable to changes in credit risk.**|**Thisyear**
**Lastyear**|**Thisyear**
**Lastyear**| |---|---|---| ||
No debtors or investments|| |||| ||

n/a|| CC17a (Excel) 13/12/2022 41 ## **Section C Notes to the accounts (cont)** ## **Note 26 Events after the end of the reporting period** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting**_ |**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|**Thisyear**
**Lastyear**|**Thisyear**
**Lastyear**| |---|---|---| |||| |||| |||| CC17a (Excel) 13/12/2022 42 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |general funds|U||-|47,292|-|-|-|47,292| ||||-||-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||-|47,292|-|-|-|47,292| CC17a (Excel) 13/12/2022 43 **Section C Notes to the accounts (cont)** **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||-|-|-|-|-|-| CC17a (Excel) 13/12/2022 44 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds** ## **This year** ||**Reason for transfer and where endowment is converted to income,**
**legalpower for its conversion**|**Amount**| |---|---|---| |Between unrestricted and
restricted funds||| |Between endowment and
restricted funds||| |Between endowment and
unrestricted funds||| |||| ## **Last year** |**Lastyear**||| |---|---|---| ||**Reason for transfer and where endowment is converted to income,**
**legal power for its conversion**|**Amount**| |Between unrestricted and
restricted funds||| |Between endowment and
restricted funds||| |Between endowment and
unrestricted funds||| |||| ## **27.4 Designated funds** ## **This year** |**Thisyear**
**27.4 Designated funds**||| |---|---|---| |**Planned use**|**Purpose of the designation**|**Amount**| |||| |||| |||| |||| |||| |||| |**Lastyear**||| |**Planned use**|**Purpose of the designation**|**Amount**| |||| |||| |||| |||| |||| CC17a (Excel) 13/12/2022 45 **Section C Notes to the accounts (cont)** **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** ## **This year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **TRUE** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**| |||**£**|**£**|**£**|**£**|**£**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| _**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **Last year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**| |||**£**|**£**||**£**|**£**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| |||-|-|-|-|**-**| |**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**||||||| |||||||| |||||||| ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ ## **No trustee expenses have been incurred (True or False)** |**Type of expenses reimbursed**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| |**Travel**|-|-| |**Subsistence**|-|-| |**Accommodation**|-|-| |**Other (please specify):**|-|-| ||-|-| |**TOTAL**|-|
-| **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity** ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **This year** **There have been no related party transactions in the reporting period (True or False)** |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |||||||| |||||||| |||||||| |||||||| |**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the_**
**_nature of any payment (consideration) to be provided in_**
**_settlement._**||||||| |||||||| _**For any related party, please provide details of any guarantees given or received.**_ ## **Last year** **There have been no related party transactions in the reporting period (True or False)** |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |||||||| |||||||| |||||||| |||||||| |**_For any related party, please provide details of any_**
**_guarantees given or received._**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the_**
**_nature of any payment (consideration) to be provided in_**
**_settlement._**||||||| |||||||| |||||||| |||||||| CC17a (Excel) 13/12/2022 46 **Section C Notes to the accounts (cont)** ## **Note 29 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** CC17a (Excel) 13/12/2022 47 ## **Independent Examiner’s Report** ## **Report to the trustees of Oulton Broad Water Sports Centre On accounts for the period ended 31 March 2022** I report to the trustees on my examination of the accounts of the above Charity for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts 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(5)(b) of the Act. ## **Independent Examiner's statement** I have completed my examination. I confirm 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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; - or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns 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. Mr Matthew Waters FCCA Independent Examiner Lovewell Blake LLP Chartered Accountants Excelsior House 9 Quay View Business Park Barnards Way Lowestoft Suffolk NR32 2HD 8 November 2022 MCW/MCW/MCW/036032