2024-03-31-accounts - Oulton Broad Water Sports Centre

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WATER SPORTS CENTRE 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 st Trustees, Annual Report for the period 1st April 2023 to 31 March 2024. 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 third year of activty of the new CIO. In 2022-3 we had concentrated on employing a Centre Manager {part time) who was able and qualtfied to run courses in sailing and paddle sports In 2023-24 we increased our delivery of accredited trainin9 actNities to schools, youth groups and those seeking water sports qualjfications. Our income from these target activities increased by a third to £26.786. Publi¢ Benefit The Centre provides safe access to out(k>or (water-based} adivities for adults and children from the local area as well a5 Vlsitors. The Trustees believe that these facilities benefrt the local area as well as encouraging more people to take part in healthy outdoor exercise. The increased uptake by sChIS 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 continue to rise in 2024-5. Volunteers As in previous years, the Centre has relbed largety upon our dedicaled volunteers to maintain and service the watercraft. They have also provided maintenance and decoration serVeS 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. Oulton Broad W•l•r srrts C•ntr•, Colnwn's Dyk•, NlclKl•• Ev•rltt P•rK Oulton 8road. Suifolk, NR33 9JR t." 01502 558487 5 e.. ¢wuK•LAc.Co.Uk I htt s oJMop.bToadwaters rts¢enlre co uk PwJe1 018

WATER SPORTS CENTRE All group courses are led and run by qualified water sport instructors, but in addition there is pool of voluntary helpers who are qualified to assist on the water during adivities. Most of the school and large group sessions benefrt from at least one addrtional voluntary helper. In total we estimate the equivalent of 60 days of volunteer time was contributed in this way. Although the Centre Manager is invofved wrth 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. As the Centre develops this effort has moved on from setting up systems to managing the increased turnover. It is likety 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. H¢)wever, we estimate that time spent by volunteers and Trustees on administration, finance, etc continues to be at least 240 days. Achievements The main objectives this year were.. to make use of the new Centre Manager (recrurted at the end of 2021-2) in promoting the Centre as well as running courses. to open the Centre, for courses. holiday acb"vities and for tuition especially for young people. to continue wrth recognrtion by the Royal Yachting Association. Brttish Canoeing, Adventure Activities Licencing Authonty (AALA, and other bodies, to ensure that water sports could be undertaken in a safe and professional manner. to publicise the seNices on offer, especialty to schools and other organisations to expand the capacty of the Centre and to review the equipment and delivery strategy through a Development Project. All these objectNes have been achteved. Statement Of Recommended Practice This report and accounts have been prepared in line with SORP FRS 102. Oulton Broad Wat•r Sports C•ntr•, Coknan'• Oyk•. Nicholas Evewltt Part Oulton Bro•d. SuffolK NR33 9JR 1." 01502 5584871 ¢.. 8nquirw@otrrt.¢o.tsk I htt S outtonbroath¥alers rtscenlre co.uk Oulton Bro>J Water Spms Centre * a Chwabk Inc4ypryJ or98*n, w. m EL9Tra wd Wa. No. 1193626 P•a¢2ofB

WATER SPORTS CENTRE Financial Review Review of the charity's financial position at the end of the period Sources of Funds in 20234 Grants and Donations We received grants to help us (table 1). Toble l. Gronts onddonot5 rKeNeddurirt9 3023- 24 Grnnts.. R•nue IcondRkJnAII F1n0 body Icondbtlonall Tcrtal LOlhESTOFT TOM couNfiL £7C¥J £7.500 OULTON BROAD PARISH COUNC £SOJ £500 RYA £500 ADWS COMMUNtTY TRLIST £720 A8da FoUnd4n 1.533 £1.533 CENn4AL CO-OP COMMUNITY FUND £1.058 £1.058 ESC ENABLING COMMUNITY BUDGET £7.500 Ge• Walling Chwty SIR TIMOTHY COLPA4tr4 TRUST £iJ £1.000 £1,(KX) £1.000 WHIRLWND TRUST £3.549 £3.549 £5 £5 Easy Fundn0 LOWESTOFf CHURCH AthID To FUND £1 £128 £250 £250 LOWESTOFf ROTARY CLUB £200 Grnnd Tolal £23,160 £25A41 Our thanks to all the organisation5 that have supported us. Activities run by OBWSC: Running courses, holiday activities and training sessnS raised £33.952. Most of this was from training sessions and schoolfyouth groups, though the holKlay acts'vities also raised over £6800. Over 1000 children and young people participated in at least one water sport training session as part of our work with schools and wlleges. Hiring of paddle craft to the public was decreased as we focussed our efforts on group activities but nevertheless raised a valuable £1895. Other income from use of the Centre and its equipment, including scout groups. the Lowestoft and Distrsct Canoe Club. the Lowestoft Rowing Club. and the OBWSC Supporters Group was just over £1900. Oulton Bro Wat•r Sport• C•ntr•. Colman'B Oyk•. Nlchda¥ Ev•fftt ParK Oullon 8rwd. Suffolk. NR33 9JR t.. 01502 5584871 e.. enqu1rw@otrC.cO.uk I hrt s :'l*tsw4 outtonbioadwalers rtscentre co.uk Page3of8

WATER SPORTS CENTRE Equipment of the Water Sports Centre The Centre owns a considerable amount of equipment (craft, safety dothing etc.). From time to time some of this becomes less useful for our artivities and might be sold. During the year 2023-24 £3250 of old equipment was sold (no asset value). £15,168 was spent on replacement of these items with something more appropriate. Entirety funded through the generosity of our many granting bodies and donors, these rtems included.. Two Rigfflex safety boats, new wet suits, buoyancy aids and crash hats to enable groups of 30 children to be on the water at the same b'me, additional steel racking to appropriate store the PPE, rafting equipment. two "Riot Enduro. kayaks. addrtional winging equipment to bring our capacity up. and a new sail for the Stratos dinghy. Expenditure In 2022-3 the expenditure exceeded income by almost £20.000 as the new Centre Manager buiti up the service. In the current year 2023-24 the surplus was £4.250. The main expendrture was the Centre Manager's pay and on-COSts (fulktime), which together with staff costs for the employment of qualified water sport instructors (employed by the session), amounted to £36.171. Administrative costs including olTice costs. advertising and promotion. and financial services were again kept to a minNnum through the use of volunteers.. amounting to only just over £1400 in totsl. Other indirect costs for running the Centre including utility services. maintenance of the premises. and rent were £6300. Direct costs ft)r the delivery of the aCtrtS themselves covering, the cost of licences, affiliations. all essential costs for running the services. induding payment for our nt amounted to over £10.000. In cash tems, this overspend was covered by the remaining funds built up from Grants and donations in 2021-3. Reserves The unrestricted fund is maintsined in accordan with the trust deed and retains sufficient funds to meet cost of any exceptional expendrture. 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 pemanent staff salaries and related costs for 6 months. However, in 202>4 despite a very favourabie increase in Ouf activiiies and income from these actNtties the costs of a permanent member of staff leaves us wrth a lower cash balan than we had at the end of the previous year. The financial posrtlon at the year end was satisfactory wrth a fund baknce of £32.251. The restricted fund is utilised for spectfic activtb'es in accordance wtlh grant agfeements. The financial position at the year end was sats'sfactory with a fund balance of £7043. Principal risks facing the charlty. Oulton Broad W•l•r Sp)rts Ckn. Colrn•n'• t•. Nl¢hol•• E¥•rltt P•rK Oulton 8ro•d. Sufft>lk. NR33 9JR t." 01502 5584871 ?.' enquirw@oW.¢x uk I htt 5..kn outtonbrtsadwaters rt5cenlre co uk Page4of8

WATER SPORTS CENTRE The risks are= 1. Financial.. a. In the year 20234 OBWSC spent nearly £5,500 more than it earned. This was possible because of the fijnds (mostly grants) that were received in the earfier years when we could not fulty open. We knew that this was likely to happen, and this was expeded as a buffenng effect, prior to the Centre Manager being in place and extending our reach. This posslion is obvious not sustainable. and we already know that more schools and organisations have booked for courseslevents in 2024-5. so the income will continue to increase to cover the costs. b. COVID19 showed that the Centre is vulnerable to extemal factors that prevent schools and groups from participating in regular actwilies. Our current lack of reseNes 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, wrthout 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 aCtiVrt$, (which aren't cheap. despite offering all our primary-purFose 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. 2. Volunteers a. This ¢harty was set up by volunteers and funs thanks to volunteer5. It would not be viable as an organisation if it had to pay for the work that the volunteers currentty 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 ontinue in the same way. We would need to increase tumover both in our primary-purpose sertor and in other commercial sectors. Otherwise, we would need to reduce the number of courses. or the number of craft in use. This woukl make rt more difficult to cover our overheads. b. As with all organisations there are key members of the management team Icurrentty all but one are volunteers) who would be greatly missed if they became unwrfailable for any reason. 3. Staff a. If our Centre Manager shoukl leave, we would struggle to find other sessional instructors to carry out booked training courses. let alone to organise other courses. 4. Weather Extreme weather condrtions: extreme heat, cold, storms, or flooding may make rt impossible to run training courses at the pre-booked times. Altemative dates are unlikety to be available for schools, due to existing timetables, exams, opening houts etc. Also the fact that water sports l at the level of training involved at OBWSCI really have at best, a six month time slot: and for schools nearer six weeks. Cancellation might have an impact of future t)ookings as well as reducing income in the short term. Structure. Governance and Management Oullon Broad Watsr Sport• C•Trtr•, Coknan's Dyk•. Nl¢hola• E¥•rltt Oulton Brn•d. SuffolK NR33 9JR 1.. 01502 5584871 e." enquIrw@cl.C0.uk I htt S ouiionbroadwalers ortscentre co uk Outton Bwl Water SFtyNt8 Centre • char**1 Oryanksthn. reg. ENJknJ 8TrJ wa5. No. 1193628 P4e5ofB

WATER SPORTS CENTRE The charity is a Charitable Incorporated OrganisatM)n: number 1193626 At our General meeting of trustees Organisation There are currently seven trustees. meetings are hekl on a regular basis, to agree direction. policies and review the finanal posin. The Management Team ir)dudes Trustees and other volunteers, and now includes the Centre Manager (from April 20221. The Management team are in regubar contact with. and direct the activities of the volunteers. Reference and Administrative details Charity name.. Oufton Broad Water Sports Centre Oulton Broad Water Sports Centre is a Charitable Incorporated Organisation, registered in England and Was. No. 1193626 Address.. Oulton Broad Water Sports Centre, Colman's Dyke, Nicholas Everitt Park, Oufton Broad, Suffolk, NR33 9JR Trustees who managed the Charity 2021-Jan 25 Name Office (if any) Dates (if not full year) Feb 21- pres Name of person or body entitled to int trusts• None John Francis Kelly Chair {Feb 21 toA r24 Vice chair (Apr 24to res Finance Officer to Jan 25 Clive Purvis Feb 21- pres None Peter Wemer Feb 21-Apr 24 Feb 21- pres Feb 21 - pres None Bary Ling Lawrence Cha man Benvenuto Andreas Falat Judith Warr None None Christopher Chair (Apr 24 to res Feb 21- pres Feb 21-Apr 24 Feb 21-Apr 24 Apr 24 - pres Oct 24 - pres None None John Davis None Simon Nicholls Alasdair Macnab None None Finan Officer (from Jan 25 to res Fund8 held as Custodian Trustees on behalf of others . Oulton Broad Watsr Sport• C•ntr•. Colrn•n'• [k•. Mkh Evgrtit P•rK Oulion 8voad. Sullolk. NR33 t." 01502 558487 | e.. eruIr0tlrt.tI) uk I hff ..kn ouMonbroaifv4aters rtscenife to uk Page6of8

WATER SPORTS CENTRE NONE True and Fair Overide The accounts (finan81 statements) have been prepared to give a 'lrue and fairf. view and have departed from the Charrties (Accounts and Reports) Regulations 2008 onty to the extent required lo provide a 'lrue and fair view" This departure has involved following Accounting and Reporting by chartties by Charities preparing their accounts in accordance wrth the Financial ReF(Jrting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charitv&s'. Statement of Recommended Practice effective from 1 April 2005 which has Sin been withdrawn. Declarations The Trustees declare that they have approved the trustees, report above. Signed on behalf of the Trustees Lawrence Chapman Chair of Trust Oulton Broad W•t•r Sport• C•ntr•. Colman'• Dykn. Nkholas E¥•rltt P•rK Oulton Bm•d. SuffolK NR33 9JR t." 01502 5584871 e: co.uk I htt S oullonbroadwater5 rt5centre co uk P•ae 7 ol

8R WATER SPORTS CENTRE Oulton Bro Watsr Swrt• C•ntr•. Colman'j Dyko, Nfj¢hclas Ev•rltt Park. Oulion Broad, Sullolk, NR33 9JR t. 01502 5584871 e.. enqutrw@0trC.oJ.k I htt oumonbroadwatefs rtscenlre co P4e8of8

Independent Examiner’s Report

Report to the trustees of Oulton Broad Water Sports Centre On accounts for the year ended 31 March 2024

I report to the trustees on my examination of the accounts of the above Charity for the year ended 31 March 2024.

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 respect of the charity as required by Section 130 of the Act; or
the accounts did not accord with those records;

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.

Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Mark Proctor FCA DChA

Independent Examiner Lovewell Blake LLP Chartered Accountants Bankside 300 Peachman Way Broadland Business park Norwich NR7 0LB 30/01/2025

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Charity Name Charity No
(if any) 1193626
Annual accounts for the period
Period end
Period start date 01/04/2023 To date 31/03/2024
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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 S10 Other (depreciation) S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) [gain on disposal of capital assets] 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 581 24,860 - 25,441 5,623 39,997 - - 39,997 33,200 - - - - - - - - - 2,774 - - 2,774 - - - - -
	43,352 24,860 - 68,212 38,823
	- - - - - 51,887 2,998 - 54,885 48,989 638 - - 638 539 11,689 - - 11,689 8,724
	64,214 2,998 - 67,212 58,252
	20,862 - 21,862 - 1,000 19,429 - - - - - - 20,862 - 21,862 - 1,000 19,429 - - - - - - 14,819 14,819 - - - - - - - - 3,250 - - 3,250 7,180
	2,793 - 7,043 - 4,250 12,249 - 35,044 - - 35,044 47,292
	32,251 7,043 - 39,294 35,044

Section B Balance sheet Restricted income funds Unrestricted funds Endowment Total this funds year Total last year Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 141 (Noto 16) INote 17) Total fixed assets 32,787 32,787 29,307 ,30 Current assets stocks (Note 181 Debtors (Note 191 Investmonts (Note 17.41 Cash at bank and in hand {Note 24) Total cuffent assets 9.128 9,128 1.414 9,582 B10 Credltors: amounts falllng due within one year (Note 20) B11 8.615 8,615 5,260 Net cumnt asse(lIabIlities) 812 Total assets less curnnt liabilities 813 Creditors: amounts falling due after one year (Note 201 Provisions for liabilities 814 B15 Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Reslricted income funds (Notè 27) Unrestricted funds Revaluation roseNe B16 39.294 39,294 35,044 817 B18 7.043 7.043 32,251 B19 32,251 35,044 Total funds Signed by one or trustees on half of all the trustees Date of approval ddlmml Synature Print Name

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
the Financial Reporting Standard applicable in the United Kingdom and Republic of
• and with*  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;

In December 2023 the trustees anticipated that the balance at the end of March 2024 woud be close to zero. At this time an increased effort was made to raise funds through grants. As part of the Development Project this was very successful raising £24860 in Restricted grants, mostly for improving the equipment of the Centre to enable larger school groups to be accomodated at once and increase the range of activities to be offered. Training funds were also obtained for Instructor Training in order to bring forward the water sports Instructors needed to increase the activity turnover. Some of this funding was also available to support the management of the Development Project.

The bigest element of this was an award of £15,000 jointly from East Suffolk Council (Enabling Communities) and Lowestoft Town Council in support of our Development Project. £9500 was granted in 2023-24 with the balance of £5500 being made available in April 2024.

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 No		* -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).

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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.
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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 £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

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
Volunteer help
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
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.
Support costs
The charity has incurred expenditure on support costs.
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'.
Gifts in kind for use by the charity are included in the SoFA as income from donations
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.
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.
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
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
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
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
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
 the charity becomes entitled to the resources;
These are included in the Statement of Financial Activities (SoFA) when:

Yes
No
N/a
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Yes
No
N/a
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N/a
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N/a
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N/a
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N/a
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N/a
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N/a
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Yes
No
N/a
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Yes
No
N/a
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Yes
No
N/a
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No
N/a
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No
N/a
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No
N/a
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No
N/a
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No
N/a
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No
N/a
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No
N/a
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No
N/a
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Yes
No
N/a

2.4 ASSETS
Intangible fixed assets
Heritage assets
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.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
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 15.2.
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 are disclosed in note 16.2.
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.
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 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.
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.2.
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
The charity has creditors which are measured at settlement amounts less any trade
discounts
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.
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.
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.
p
p
g
g
y
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.
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.
Governance and support
costs


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

----- Start of picture text -----
p g y y
contract. 
Debtors (including trade debtors and loans receivable) are measured on initial recognition at Yes No N/a
Debtors 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 Yes No N/a
Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and
investments 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
They are valued at fair value except where they qualify as basic financial instruments. 
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
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Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 581 - 581 423
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - 24,860 - 24,860 5,200
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 581 24,860 - 25,441 5,623
Charitable
activities: Training courses 14,031 - - 14,031 7,527
Holiday Activity Sessions 6,808 - - 6,808 4,762
School/Youth groups 12,755 - - 12,755 5,876
Taster and other sessions 358 358 1,618
Hire service 1,895 1,895 11,607
Corporate events 2,175 2,175 -
Group use of facilities 1,975 - - 1,975 1,810
Total 39,997 - - 39,997 33,200
- - - - -
- - - - -
- - - - -
Other trading Other - - - - -
activities: Total - - - - -
Interest income - - - - -
Dividend income - - - - -
Rental and leasing income - - - - -
Income from Other - - - - -
investments: Total - - - - -
Landlord payment towards repair of premises
2,774 - - 2,774 -
- - - - -
- - - - -
Separate - - - - -
material item Total 2,774 - - 2,774 -
of income:
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use 3,250 - - 3,250 -
Gain on disposal of a programme related
investment - - - - -
Other: Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total 3,250 - - 3,250 -
46,602 24,860 - 71,462 38,823
----- End of picture text -----

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

This year Description £ Government grant 1 ESC ENABLING COMMUNITY BUDGET 7,500 Government grant 2 LOWESTOFT TOWN COUNCIL 7,500 Government grant 3 OULTON BROAD PARISH COUNCIL 500 Other - Total 15,500 Last year Description £ Government grant 1 East Suffolk Council: Enabling Communities Budget 4,700 Government grant 2 - Government grant 3 - Other - Total 4,700 This year Last year £655 outstanding to purchase watersports equipment. £1000 to purchase floating pontoon. £2286 for fitting new steel racks for Please provide details of any safety equipment. £2400 for kayak purchase. unfulfilled conditions and other Also £700 available to support the contingencies attaching to grants Development project through the revenue that have been recognised in income. account Total of £7043 All commitments met This year Last year Please give details of other forms of government assistance from which the charity has directly benefited.

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

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

----- Start of picture text -----
Seconded staff - -
Use of property - -
Other - -
- -
This year Last year
Please provide details of the
Goods donated for on-going use by the charity Goods donated for on-going use by the charity
accounting policy for the recognition
are recognised as tangible fixed assets and are recognised as tangible fixed assets and
and valuation of donated goods,
included in the SoFA as incoming resources included in the SoFA as incoming resources
facilities and services.
when receivable. when receivable.
Please provide details of any unfulfilled
conditions and other contingencies
attaching to resources from donated
goods and services not recognised in
income.
One permanent member of staff was greatly One permanent member of staff was greatly
assisted by a team of volunteers. Logging-in assisted by a team of volunteers. Logging-in
Please give details of other forms of
sheets for work on-site show in excess of 220 sheets for work on-site show in excess of 200
other donated goods and services not
days. This does not include management time or days. This does not include management time
recognised in the accounts, eg that of the trustees for their work which was or that of the trustees for their work which was
contribution of unpaid volunteers. carried out off-site, but is estimated to be a carried out off-site, but is estimated to be a
further 280 days. further 240 days.
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Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted Restricted
Unrestricte income Endowment Unrestricted income Endowment
Analysis d funds funds funds Total funds funds funds funds Total funds
Expenditure on raising 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:
Staff costs 33,173 2,998 - 36,171 31,847 - - 31,847
Cost of Service Delivery 9,977 9,977 9,827 9,827
Rent and utility services 6,382 6,382 5,748 5,748
Office and Admin costs 1,402 - - 1,402 701 - - 701
Financial sevices 953 - - 953 865 - - 865
Total expenditure on charitable
activities 51,887 2,998 - 54,885 48,988 - - 48,988
Separate material item of expense
Premises Maintenance
638 - - 638 539 - - 539
Total 638 - - 638 539 - - 539
Other
depreciation charge 11,689 - - 11,689 8,724 - - 8,724
Total other expenditure 11,689 - - 11,689 8,724 - - 8,724
TOTAL EXPENDITURE 64,214 2,998 - 67,212 58,251 - - 58,251
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Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items Description	This year Last year £ £ - - - - - - - - - -
	- -

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.

----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
----- End of picture text -----

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.

Total Description/name of party	This year Last year £ £ - - - - - - - - - - Balance held at period end
	- -

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

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

Last year

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

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

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 £ £ 420 400 - - - - - -

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 This year:

Total staff costs	This year Last year £ £ 35,483 31,391 - - 688 456 - -
	36,171 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

True

Band 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. £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	This year Last year - - - - - - - - - - This year Last year £ £ - - Number of employees

11.2 Average head count in the year The parts of the charity in which the employees work	Fundraising Charitable Activities Governance Other Total	This year Last year Number Number - - 1 1 - - - -
		1 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 Please state the legal authority or reason for making the payment	This year Last year This year Last year

Please state the amount of the payment (or value of any waiver of a right to an asset)	This year Last year £ £ - -

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

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	This year Last year £ £ 688.00 456.00

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

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

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)

----- Start of picture text -----
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

Yes
No
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period
Purpose
Names of institution
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.

Please provide
details of charity's
URL.
Provide details
below
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-

-
-

Last year:

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

Analysis Activity or project 1 Activity or project 2 Activity or project 3 Activity or project 4 *Total*	Grants to institutions Grants to individuals Support costs 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.*	*Yes* *Please provide* *details of charity's* *URL.* No *Provide details* *below*

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

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 £ £ £ £ £ - - - 50,080 50,080 - - - 15,168 15,168 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ - - - 50,080 50,080 - - - 15,168 15,168 - - - - - - - - - - - - - - -	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ - - - 50,080 50,080 - - - 15,168 15,168 - - - - - - - - - - - - - - -
		50,080 15,168 - -
		-
- - -	65,248	65,248
		~~or RB~~
		20,773 - 11,688 -
		-
- - - 32,461		32,461

- - - 29,307 - - - 32,787		29,307 32,787

Note (S19): There was a gain of £3250 on disposal of out-dated assets with no residual book value

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

15.1 Cost or valuation
		Research & development £			Patents and trademarks £		Other £	Total £
At beginning of the year				-		-	-	-
Additions				-		-	-	-
Disposals				-		-	-	-
Revaluations				-		-	-	-
Transfers *				-		-	-	-
At end of the year				-		-	-	-
15.2 Amortisation and	impairments
	**Basis	SL	or RB		SL or RB		SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
	** Rate

At beginning of the year				-		-	-	-
Disposals				-		-	-	-
Amortisation				-		-	-	-
Impairment				-		-	-	-
Transfers*				-		-	-	-
At end of year				-		-	-	-
15.3 Net book value
Net book value at the beginning				-		-	-	-
of the year
Net book value at the end of the				-		-	-	-
year

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

----- Start of picture text -----
15.5 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.
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
the carrying amount that would have been recognised
had the assets been carried under the cost model.
15.7 Other disclosures
(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.
----- End of picture text -----

* 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.

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

		asset	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £
At beginning of the year		-	-	-	-	-
Additions		-	-	-	-	-
Disposals		-	-	-	-	-
Revaluations		-	-	-	-	-
Transfers *		-	-	-	-	-
At end of the year		-	-	-	-	-
16.3 Depreciation and impairments
	**Basis						Straight Line ("SL") or Reducing Balance
	** Rate

At beginning of the year		-	-	-	-	-
Disposals		-	-	-	-	-
Depreciation		-	-	-	-	-
Impairment		-	-	-	-	-
Transfers*		-	-	-	-	-
At end of year		-	-	-	-	-
16.4 Net book value
Net book value at the beginning of the		-	-	-	-	-
year
Net book value at the end of the year		-	-	-	-	-

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.	This year Last year

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

16.9 Five year summary of heritage assets transactions

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

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 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 - - - - - - Please specify additions resulting from acquisitions through business combinations, if any.	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	-	- - - - -

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

Last year: Analysis of investments

Cash or cash equivalents Listed investments Investment properties Social investments Other investments

Total

Grand total (Fair value at year end+Cost less impairment)


Fair	value	at	year	end		Cost	less	impairment
		£						£
					-				-
					-				-
					-				-
					-				-
					-				-
					-				-
									-

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

	This year	Last year
(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

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	- Last year - - - This 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	This year Last year

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

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.
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*	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Work in progress Stock Donated goods
	-	- - - -
	-	- - - - This year Last year £ £

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

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 £ £ - - 342.0 - 3,286.0 1,414.0 5,500.0
	9,128.0 1,414.0

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 £ £ - - - - - - - -
	- -

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

----- Start of picture text -----
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
5,399 349 - -
- - - -
3,216 4,911 - -
- - - -
- - - -
Total 8,615 5,260 - -
This year Last year
This year Last year
£ £
- -
- -
- -
- -
----- End of picture text -----

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

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

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

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

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.

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

----- Start of picture text -----
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
Last year
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
----- End of picture text -----

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

This year

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:

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

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 £ £ - - - - 5,994 9,582 - -
	5,994 9,582

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.

This year
Last year

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

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	This year Last year

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

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General funds for the delivery of the
General funds U charitable purposes 35,044 46,602 - 64,214 14,819 - 32,251
For the re-fitting, increase, and
improvement of equipment to allow for the
expansion of group sizes and the
introduction of new water sport activities
(mostly for school users). Also to include
some new input of staffing to manage the
project and the training of instructors to run
Restricted funds R courses. - 24,860 - 2,998 - 14,819 - 7,043
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 35,044 71,462 - 67,212 - - 39,294
----- End of picture text -----*

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

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Unrestricted UR 47,292 38,823 - 58,252 - 7,180 35,044
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 47,292 38,823 - 58,252 - 7,180 35,044
----- End of picture text -----*

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,	Reason for transfer and where endowment is converted to income,	Amount
		legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds

Last year
	Reason for transfer and where endowment is converted to income,		Amount
		legal power for its conversion
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

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 -----
TRUE
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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)	Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - Amounts paid or benefit value

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)

----- Start of picture text -----
FALSE
----- End of picture text -----

Governing Document Governing Document Name of trustee Legal authority (eg order, governing document) Claire Grasby Barry Ling	Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ 1,057 - - -1,057 113 - - -113 - - - - - - - - - - Amounts paid or benefit value

Please give details of why remuneration or other Trustees worked as Water Sport Instructors for specific activity sessions. Payment at employment benefits were paid. same rate as for non-trustee Instructors 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".

*enter "False".*
Accommodation Other (please specify): - Travel £ This year - - TOTAL - - - No trustee expenses have been incurred (True or False) Type of expenses reimbursed Subsistence	£ This year - - - - -	- - £ - - - Last year True
		-

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) *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.*	Amount Balance at period end Amounts written off during reporting period £ £ £ £ Provision for bad debts at period end

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)
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.

Amount
Balance at
period end
Amounts
written off
during
reporting
period
£
£
£
Provision for bad
debts at period end
£

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.