2023-03-31-accounts - Oulton Broad Water Sports Centre

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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 1[st] April 2022 to 31[st] March 2023.

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 was the second year of activity of the new CIO. In 2021-2 we had concentrated on raising funds and making good the facilities of the Centre: the funding coming largely from grants and donations, and much of the work being done through the activities of our volunteers. In 2022-3 with the facilities largely restored we were able to employ a Centre Manager (part time) who was able and qualified to run courses in sailing and paddle sports.

Following our accreditation by the Royal Yachting Association (RYA), British Canoeing (BC) and the Adventure Activities Licencing Authority (AALA) our delivery of training activities to schools, youth groups and those seeking water sports qualifications raised nearly £20,000, but we also made £11,000 from our hiring service. As in the previous year, the hiring service was run largely by our volunteers, though we also employed an assistant for some weekends to help with this service. The hiring service was used both by local people and holiday makers from around the country.

Public Benefit

The Centre provides safe access to outdoor (water-based) activities for adults and children from the local area as well as visitors. The Trustees believe that these facilities benefit the local area as well as encouraging more people to take part in healthy outdoor exercise. The uptake by schools and youth groups was slower than we would have liked, but since the feedback from these groups has been very positive, we expect the demand for these sessions to rise in 2023-4.

Volunteers

As in the previous year, the Centre has relied largely upon our dedicated volunteers to maintain and service the watercraft. They have also provided maintenance and decoration

Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626

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services for the buildings and grounds, as well as running the hiring service. It is estimated that 200 days of volunteer time was spent on-site.

All group courses are led and run by qualified water sport instructors, but in addition there is a pool of voluntary helpers who are qualified to assist on the water during activities. Most of the school and large group sessions benefit from at least one additional voluntary helper. In total we estimate the equivalent of 40 days of volunteer time was contributed in this way.

Although the Centre Manager is involved with contacting schools, as well as running courses, taking bookings etc, much of the administration, finance work, (invoicing, making payments, payroll) fund raising (Grants), HR, PR and IT work has been carried out by volunteers. It is likely that this will largely continue to be done by volunteers in the future. This voluntary management contribution is harder to evaluate as mostly it occurs in the home setting. However, we estimate that time spent by volunteers and Trustees on administration, finance, etc amounts to be at least 240 days.

Achievements

The main objectives this year were:

to make use of the new Centre Manager (recruited at the end of 2021-2) in promoting the Centre as well as running courses.
to open the Centre, for courses, holiday activities and for tuition especially for young people.
to continue with recognition by the Royal Yachting Association, British Canoeing, Adventure Activities Licencing Authority (AALA, and other bodies, to ensure that water sports could be undertaken in a safe and professional manner,
to publicise the services on offer, especially to schools and other organisations

All these objectives have been achieved.

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

Sources of Funds in 2022-3

Grants and Donations

In the previous year we received large grants to help us start up and deal with COVID. This was essential for the Centre to be able to reopen this year. Further, and most importantly, these grants and donations provided the financial security for us to be able to appoint a Centre Manager in 2022-23 on an annual contract.

However, in 2022-3, as expected, we had a much smaller amount of grant funding (£5,623). These grants consisted of £423 from several small donations, and £4700 from East Suffolk Council: Enabling communities budget for the purchase of wing surfing equipment that was

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

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in place for the start of the 2023 season. A further £500 was donated from Localgiving Ltd and enabled us to refurbish our fleet of Pico dinghies.

Activities run by OBWSC:

Running courses, holiday activities and training sessions raised £15,021. Most of this was from training sessions and school/youth groups, though the holiday activities also raised over £4,762. Earlier promotion of the available sessions in 2023-4 should mean that these income streams increase in future.

427 children and young people participated in at least one water sport training session as part of our work with schools and colleges.

Hiring of paddle craft to the public raised over £11,000. Enabling over 400 people to try out one of our paddle crafts.

Other income from use of the Centre and its equipment, including scout groups, the Lowestoft and District Canoe Club, the Lowestoft Rowing Club, and the OBWS Supporters Grous was just over £1800.

Equipment of the Water Sports Centre

The Centre owns a considerable amount of equipment (craft, safety clothing etc.). From time to time some of this becomes less useful for our specific activities and might be sold. During the year 2022-23 £7180 of old equipment was sold (no asset value). £10,895 was spent on replacement of these items with something more appropriate.

Expenditure

In 2022-3 the expenditure exceeded income by almost £20,000. This was not unexpected: the new Centre Manager only started to work in April, and until he was available, very little in the way of courses or other activities could take place or even be booked. The income of the centre is always going to be heavily weighted to the summer months, so this made it particularly hard to create enough income in this first year of operation.

The main expenditure was the Centre Manager’s pay and on-costs (part-time), which amounted to almost £32,000. Administrative costs including office costs, advertising and promotion, and financial services were kept to a minimum through use of volunteers: amounting to only just over £1500 in total. Other indirect costs for running the Centre including utility services, maintenance of the premises, and rent were £6300. Direct costs for the delivery of the activities themselves covering, the cost of licences, affiliations, all essential costs for running the services, including payment for our qualified water sport instructors (employed by the session), amounted to over £15,000.

In cash terms, this overspend was covered by the remaining funds built up from Grants and donations in 2021-2.

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.

Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626

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However, in 2022-3 with lower turnover than we had hoped and the costs of a permanent member of staff (albeit part time) leaving us with a lower cash balance that we had had at the end of the previous year (which was expected), the Trustees did not feel that we could start a reserve fund.

Principal risks facing the charity.

The risks are:

Financial:
a. In the year 2022-3 OBWSC spent nearly £20,000 more than it earned. This was possible because of the funds (mostly grants) that were received in the initial year (2021-2) when we could not fully open. We knew that this was likely to happen, and this was expected as a buffering effect, prior to the Centre Manager being in place and extending our reach. This position is obviously not sustainable, and we already know that more schools and organisations have booked for courses/events in 2023-4, so the income should increase to cover the costs.
b. 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, 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.
c. 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.
d. The recent rises in the cost of living may increase our overheads by more than we could increase prices.
Volunteers
a. This charity was set up by volunteers and runs thanks to volunteers. It would not be viable as an organisation if it had to pay for the work that the volunteers currently undertake. If volunteers are unable or unwilling to carry out as much work as they have done for the last two years, we could not continue in the same way. We would need to increase turnover both in our primary-purpose sector and in other commercial sectors. Otherwise, we would need to reduce the number of courses, or the number of craft in use. This would make it more difficult to cover our overheads.
b. As with all organisations there are key members of the management team (currently all but one are volunteers) who would be greatly missed if they became unavailable for any reason.
Staff
a. If our Centre Manager should leave, we would struggle to find other sessional instructors to carry out booked training courses, let alone to organise other courses.
Weather
a. Extreme weather conditions: extreme heat, cold, storms, or flooding may make it impossible to run training courses at the pre-booked times. Alternative dates are unlikely to be available for schools, due to existing timetables, exams, opening hours etc. Also the fact that water sports ( at the level of

Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626

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training involved at OBWSC) really have at best, a six month time slot: and for schools nearer six weeks. Cancellation might have an impact of future bookings as well as reducing income in the short term.

Structure, Governance and Management

The charity is a Charitable Incorporated Organisation: number 1193626

At our General meeting of trustees in February 2023 Claire Grasby, Edward Killett and Peter Edwards retired from the board of trustees. We would like to thank them for their great help in the inauguration and early establishment of OBWSC.

We were pleased to add Judith Warr and John Davis to the trustees.

Organisation

There are currently eight trustees, meetings are held on a regular basis, to agree direction, policies and review the financial position.

The Management Team includes Trustees and other 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.

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

Name	Office (if any)	Name of person or body entitled to appoint trustee
John Francis Kelly	Chair	None
Clive Purvis	Chief Instructor	None
Charles Peter Werner	Finance Officer	None
Barry Ling		None
Lawrence Christopher Chapman		None
Benvenuto Andreas Falat		None
Judith Lesley Warr		None
John Philip Davis		None

Funds held as custodian Trustees on behalf of others :

Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, reg. in England and Wales, No. 1193626

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WATER SPORTS CENTRE None. Declarations The Trustees declare that they have approved the trustees, report above. Slgned on behalf of the Trustees Signatures12): Full names: Full names: Chades Peter Werner Clive Richard PuNis Position (chair etc) Position (thair etc) Finance Officer and Trustee Trustee Date.. 17111123 Date.. 17111123 Outton Broad W#t•r Sports C•ntr•, Colrnan'j Dyke, Nl¢htslo5 Ev•tht Park. Oumon Broad. Suffolk. NR33 9JR t.. 01502 5584871 e". enquiries@obwsc.co.uk I htt s '.w ouiionbroadwalers ortsceTrlre co uk Oulton 8foad Water Sport5 Centre v6 a ¢hJritaNè Incorporated Org8ni8ab"on, leg. in EnL4end and Wales, No. 1193626 Pgp8of8

Oulton Broad Water Sports Centre	Oulton Broad Water Sports Centre	Oulton Broad Water Sports Centre	Charity No (if any)	1193626
Annual accounts for theperiod
Period start date	4/1/2022	To	Period end date	3/31/2023

Section A Statement of financial activities

Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds
5,623	-	-	5,623	55,500
33,200	-	-	33,200	7,530
-	-	-	-	-
-	-		-	-
-	-	-	-	10,000
-	-	-	-	243
38,823	-	-	38,823	73,273

-	-	-	-	-
49,528	-	-	49,528	5,179
-	-	-	-	3,732
8,724	-	-	8,724	21,766
58,252	-	-	58,252	30,677

- 19,429	-	-	- 19,429	42,596
-	-	-	-	-
- 19,429	-	-	- 19,429	42,596
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
7,180	-	-	7,180	4,696
- 12,249	-	-	- 12,249	47,292

47,292	-	-	47,292	-
35,044	-	-	35,044	47,292

Section B Balance sheet

£ F01 Unrestricted funds	£ F02 Restricted income funds	£ F03 Endowment funds	£ £ F04 F05 Total this year Total last year	£ £ F04 F05 Total this year Total last year
-	-	-	-	-
29,307	-	-	29,307	27,136
-	-	-	-	-
-	-	-	-	-
29,307	-	-	29,307	27,136

-	-	-	-	-
1,414	-	-	1,414	320
-	-	-	-	-
9,582	-	-	9,582	22,937
10,996	-	-	10,996	23,257

5,260	-	-	5,260	3,101

5,736	-	-	5,736	20,156

35,044	-	-	35,044	47,292

-	-	-	-	-
-	-	-	-	-

35,044	-	-	35,044	47,292

-			-	-
	-	-	-	-
35,044			35,044	47,292
			-
35,044	-	-	35,044	47,292

Signature		Print	Name	Date of approval dd/mm/yyyy
		Clive Richard Purvis		1/24/2024
		Charles Peter Werner		1/24/2024

CC17a (Excel)

01/24/2024

Section B Balance sheet Re5trfctsd Incomè funds unreStrted funds Endowment Total thls funds year Total la¥t year Fixed assets Intangible assets Tangible assets Hèiitdye assEL>' Investments F01 F02 F03 F04 F05 (Note 151 (Note 141 INole 161 INoto 171 Total fixedassets B05 B01 802 29,307 29,307 27.136 804 29.307 29.307 27,136 Current assets Stocks Debtors Invèstments (Note 181 INotg 191 (Not• 17.41 B07 1.414 1,414 320 tsu Cash at bank and in hand INote 241 Total eurrent assets B09 9.582 10.99S 9,582 22.937 Q10 Creditorn: amourts falling due within one year (Note 201 5.260 5.260 3.101 Net current assets/(liabilities) R1? 5,736 20,156 Tolal assets less curreiil ii4bililies 61i 35,u44 Creditors: amounts falling due after one rfear (Note 201 Provisions for liabilities 815 To1 net assets or liabilrties Funds of th8 Charity Endowm8nt funds (Note 271 Restricted income fvnds INot• 271 Unrestricted funds Revaluation reserv6 816 35,044 3S,U44 41,292 B17 818 35.044 35,044 47,29? 820 Total lunds B21 35,044 35,044 47,292 Signed by one or tsvo trustees on behalf ol all Ihp. Ini.4tA•g D8to of apprnvAI ddlmml 81gnatu Print Namp Ive Riknfidfd Purvls 24jy ii2u£4 Chades Peter Wemer 2410112024 CC17a IExcell 24101Q024

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 ü 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 ü 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 No	ü	* -Tick as appropriate

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 No	ü	* -Tick as appropriate

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).

No material prior	year error	have been identified in the reporting period (3.47 FRS 102 SORP).
Yes No	ü	* -Tick as appropriate

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)

01/24/2024

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 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 period£ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

CC17a (Excel)

01/24/2024

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 These are included in the Statement of Financial Activities (SoFA) when: Offsetting Grants and donations Legacies Government grants The charity has received government grants in the reporting period Donated goods Support costs The charity has incurred expenditure on support costs. Volunteer help · 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. 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 are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). 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 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. 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. Contractual income and performance related grants 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. 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 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'. 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. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. 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 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 value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 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	Yes No N/a	Yes No N/a	Yes No N/a
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2.3 EXPENDITURE AND LIABILITIES Liability recognition Redundancy cost 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 Provisions for liabilities 2.4 ASSETS They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets They are valued at cost. Heritage assets They are valued at cost. Investments Membership subscriptions which gives a member the right to buy services or other benefits 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. Investment gains and losses 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. 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. 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. 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. The charity has creditors which are measured at settlement amounts less any trade discounts 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 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. Tangible fixed assets for use by charity These are capitalised if they can be used for more than two years or cost at least £500 individually or as a set. 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 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. 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. 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 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.
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Analysis Total funds Prior year £ £ Donations andgifts 423 - - 423 1,682 Gift Aid - - - - - Legacies - - - - - 5,200 - - 5,200 20,597 - - - - - Donatedgoods, facilities and services - - - - 33,221 Other - - - - Total5,623 - - 5,623 55,500 Training courses 7,527 - - 7,527 - HolidayActivitySessions 4,762 - - 4,762 - School/Youthgroups 5,876 - - 5,876 - Taster and other sessions 1,618 1,618 Hire service 11,607 11,607 7,530 other 1,810 - - 1,810 - Total33,200 - - 33,200 7,530 - - - - - - - - - - - - - - - Other - - - - - Total- - - - - Interest income - - - - - Dividend income - - - - - Rental and leasingincome - - - - - Other - - - - - Total- - - - - - - - - 10,000 - - - - - - - - - - - - - - - Total- - - - 10,000 Other: Conversion of endowment funds into income - - - - - - - - - - - - - - - - - - - - Other - - - - 243 Total- - - - 243 38,823 - - 38,823 73,273 Other information: Unrestricted funds Restricted income funds Endowment funds Donations and legacies: General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Charitable activities: Other trading activities: Income from investments: Separate material item of income: Landlord payment towards repair of dilapidations at start of lease Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual property rights TOTAL	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Analysis Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds
	Donations andgifts	423	-	-	423	1,682
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	5,200	-	-	5,200	20,597
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods, facilities and services	-	-	-	-	33,221
	Other	-	-	-	-
	Total	5,623	-	-	5,623	55,500

	Training courses	7,527	-	-	7,527	-
	HolidayActivitySessions	4,762	-	-	4,762	-
	School/Youthgroups	5,876	-	-	5,876	-
	Taster and other sessions	1,618			1,618
	Hire service	11,607			11,607	7,530
	other	1,810	-	-	1,810	-
	Total	33,200	-	-	33,200	7,530

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Landlord payment towards repair of dilapidations at start of lease	-	-	-	-	10,000
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	10,000

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual property rights	-	-	-	-	-
	Other	-	-	-	-	243
	Total	-	-	-	-	243

		38,823	-	-	38,823	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 reporting period, please give the reason for the conversion.

CC17 (E l)

01/24/2024

Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) East Suffolk Council: Enabling Communities Budget: £4700 received for purchase of new Wingsurf boards

CC17 (E l)

01/24/2024

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.*	Description This year £	Description This year £	Description This year £
	East Suffolk Council: Enabling Communities Budget		4,700
			-
			-
			-
	Total Description		4,700
			Last year £
	Oulton Broad Parish Council GRANT FP Unrestricted		10,000
	East Suffolk Council (Unrestricted) Covid additional restrictions Mar 2022		2,667
			-
			-
	Total 12,667 Thisyear Lastyear		12,667

	Thisyear Lastyear

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services Seconded staff Use of property Other Other Thisyear	Note 5 Donated goods, facilities and services Seconded staff Use of property Other Other Thisyear	This year Last year £ £	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.	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 as restricted.

	One permanent member of staff was greatly assisted by a team of volunteers. Logging-in sheets for work on-site show in excess of 200 days. This does not include management time or that of the trustees for their work which was carried out off-site, but is estimated to be a further 240 days.	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, but is estimated to be a further 200 days.

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds	This year Last year Total funds Total funds £ £ Unrestricted funds Restricted income funds Endowment funds Unrestricted funds Restricted income funds Endowment funds
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
Staff costs	31,847	-	-	31,847	-	-	-	-
Cost of Service Delivery	9,827	-	-	9,827	-	-	-	-
Utilityservices	5,748	-	-	5,748	-	-	-	-
Office and Admin costs	701	-	-	701	-	-	-	-
Premises Maintenance	539	-	-	539	-	-	-	-
Financial sevices	865	-	-	865	-	-	-	-
Total expenditure on charitable activities	49,527	-	-	49,527	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 andprofessional fees and	-	-	-	-	2,083	-	-	2,083
bank/payment charges

CC17a (Excel)

01/24/2024

other(incl. depreciation charge)	8,724	-	-	8,724	13,435	54	-	13,489
Total other expenditure TOTAL EXPENDITURE	8,724	-	-	8,724	21,712	54	-	21,766
	58,251	-	-	58,251	30,623	54	-	30,677

Other information:

Analysis of expenditure on charitable activities

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	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
	£	£	£	£	£	£	£	£
Activity1: Providingfacilities toparticipate i	-	-	-	-	5,179	-	-	5,179
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	-	-	-	-	5,179	-	-	5,179

CC17a (Excel)

01/24/2024

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	-	-

CC17a (Excel)

01/24/2024

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)

01/24/2024

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

Support cost (examples)	Raising funds	Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

Last year

Support cost (examples)	Raising funds	Activity 1	Activity 2	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
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)

01/24/2024

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).

Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner	This year £	Last year £
	400	360
	-	-
	-	-
	-	-

CC17a (Excel)

01/24/2024

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

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits Total staff costs This year:	This year £	Last year £
	31,391	-
	-	-
	456
	-	-
	31,847	-

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	1	1

Band	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)

01/24/2024

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	1	-
Governance	-	-
Other	-	-
Total	1	-

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)

01/24/2024

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment The extent of redundancy funding at the balance sheet date The nature of the payment (cash, asset etc.) Please state the accounting policy for any redundancy or termination payments	Thisyear	Lastyear
	£ -	£ -



	Thisyear	Lastyear
	£ -	£ -

CC17a (Excel)

01/24/2024

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.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.	Thisyear	Lastyear
	£ 456	£
		-

	all activity is for our main charitable purpose

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)

01/24/2024

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:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Activityorproject 1	nil	-	-	-
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 £
nil			-
			-
			-
			-
			-
			-
			-
			-
			-
			-
*Total grants to institutions in reporting period* *Other unanalysed grants* *TOTAL GRANTS PAID*			-
			-
			-

CC17a (Excel)

01/24/2024

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs £	Total £
Activityorproject 1	-	-	-	nil
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

Please provide details of charity's URL. My charity has made grants to particular institutions that are material in the Yes 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. Provide details No below

Names of institution	Purpose	Total amount of grantspaid £
		-
		-
		-
		-
		-
		-
		-
		-
		-
		-
*Total grants to institutions in reporting period* *Other unanalysed grants* *TOTAL GRANTS PAID*		-
		-
		-

CC17a (Excel)

01/24/2024

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	£ Plant, machinery and motor vehicles	£ Fixtures, fittings and equipment	Total £
-	-	-	39,185	39,185
-	-	-	10,895	10,895
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	50,080	50,080

SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL	SL or RB
			various

-	-	-	12,049	12,049
-	-	-	382	382
-	-	-	8,342	8,342
-	-	-	-	-
-	-	-	-	-
-	-	-	20,773	20,773

-	-	-	27,136	27,136
-	-	-	29,307	29,307

CC17a (Excel)

01/24/2024

14.4 Impairment

14.5 Revaluation *If an accounting policy of revaluation is adopted, please provide:* *the effective date of the revaluation* *the name of independent valuer, if applicable* *the methods applied and significant assumptions* *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.* *the carrying amount that would have been recognised had the assets been* *carried under the cost model.*


		This year Last year



		-	-

14.6 Other disclosures

*(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.* *(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.*	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)

01/24/2024

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

£ Research & development	£ Patents and trademarks	Other £	Total £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

15.2 Amortisation and impairments

SL or RB	SL or RB	SL or RB	SL or 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)

01/24/2024

15.5 Impairment

This year: Last year: 15.6 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* 15.7 Other disclosures *Please provide a description of the events and* *circumstances that led to the recognition or reversal of an* *impairment loss.* *Please provide a description of the events and* *circumstances that led to the recognition or reversal of an* *impairment loss.* *the carrying amount that would have been recognised had* *the assets been carried under the cost model.* *(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.* *(iii) Please provide the amount of contractual* *commitments for the acquisition of intangible assets.* *(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.* *(vi) For any material intangible assets, please provide a* *description, its carrying amount and any remaining* *amortisation period.*



	This year	Last year

* The "transfers" row is for movements between fixed asset categories.

CC17a (Excel)

01/24/2024

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

Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear


Total £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Heritage asset 1 Heritage asset 2 Heritage asset 3 Heritage asset 4
					Straight Line ("SL") or Reducing Balance ~~(~~"~~RB~~"~~)~~

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-	-
-	-	-	-	-

CC17a (Excel)

01/24/2024

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

£ 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.	This year	Last year

CC17a (Excel)

01/24/2024

(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

CC17a (Excel)

01/24/2024

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)

01/24/2024

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)

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 Listed investments Investment properties Social investments Total Grand total (Fair value at year end+Cost less impairment) Other investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
	-

Last year: Analysis of investments

Analysis of investments Cash or cash equivalents Listed investments Investment properties Social investments Total Grand total (Fair value at year end+Cost less impairment) Other investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
	-

CC17a (Excel)

01/24/2024

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (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 (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements	Thisyear	Lastyear

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments Cash or cash equivalents Listed investments Investment properties Social investments Total Other investments	This year	Last year
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

17.5 Guarantees

Please explain how the guarantee furthers the charity's aims 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	Thisyear	Lastyear

CC17a (Excel)

01/24/2024

17.6 Concessionary loans

17.6 Concessionary loans
Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year 17.7 Additional information *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). 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 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. For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. 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.**	*Description*	This year £	Last year £
		-	-
		-	-
		-	-
		-	-
	*Total*	-	-

	*Description*	This year £	Last year £
		-	-
		-	-
		-	-
	*Total*	-	-

	This year	Last year







	Thisyear	Lastyear

CC17a (Excel)

01/24/2024

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.
Stock Donated goods For resale 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* - - - - - This year Last year £ £ Work in progress For distribution For distribution 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities	Stock		Donated goods		Work in progress
	For distribution	For resale	For distribution	For resale
	£	£	£	£	£

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-


	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

		This year		Last year
		£		£

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	1,414.0	320.0
	-	-
	1,414.0	320.0

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)

01/24/2024

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

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 £
-	-	-	-
-	-	-	-
349	619	-	-
-	-	-	-
4,911	2,482	-	-
-	-	-	-
-	-	-	-
5,260	3,101	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

*Please explain the reasons why income is deferred.* *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


		This year £	Last year £
		-	-
		-	-
		-	-
		-	-

CC17a (Excel)

01/24/2024

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

Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period 21.2 Please provide: Thisyear Thisyear - 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.	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-
	Lastyear



Thisyear	Lastyear

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

This year Last year 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.

CC17a (Excel)

01/24/2024

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

Description of item Estimate of financial effect Last year Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

This year Last year

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

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total
	This year £	Last year £
	-	-
	-	-
	9,582	22,937
	-	-
	9,582	22,937

CC17a (Excel)

01/24/2024

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 investments and small amount of debtors	No debtors or investments

CC17a (Excel)

01/24/2024

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Thisyear Lastyear *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 period* 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 *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 period* 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 *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 period* 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

CC17a (Excel)

01/24/2024

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	38,823	- 58,251	-	7,180	35,044
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
*Other funds*	N/a	N/a	-	-	-	-	-	-
Total Funds			47,292	38,823	- 58,251	-	7,180	35,044

CC17a (Excel)

01/24/2024

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

* 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)

01/24/2024

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, legal power 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

Planned use Purpose of the designation Amount

Last year

Planned use Purpose of the designation Amount

CC17a (Excel)

01/24/2024

CC17a (Excell 48 0112412024

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)

----- Start of picture text -----
0
----- End of picture text -----

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
		£	£	£	£	£
Barry Ling	governing document	1,057	-	-	-	1,057
Claire Grasby	governing document	113	-	-	-	113
		-	-	-	-	-
		-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

----- Start of picture text -----
Trustees worked as Water Sport Instructors for specific activity sessions. Payment at
same rate as for non-trustee Instructors
----- End of picture text -----

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)

----- Start of picture text -----
1
----- End of picture text -----

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.

CC17a (Excel)

01/24/2024

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".

*enter "False".*
No trustee expenses have been incurred (True or False)		1

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)

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.

CC17a (Excel)

01/24/2024

Last year

There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	1

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.

CC17a (Excel)

01/24/2024

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)

01/24/2024

Independent Examiner’s Report

Report to the trustees of Oulton Broad Water Sports Centre On accounts for the period ended 31 March 2023

I report to the trustees on my examination of the accounts of the above Charity for the year ended 31 March 2023.

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;

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 ACA Independent Examiner

Lovewell Blake LLP Chartered Accountants

Sixty Six North Quay Great Yarmouth Norfolk NR30 1HE

24 January 2024

MCW/MCW/MCW/036032