R EGISTERED C HARITY 1198176
I M PA C T R E P O R T 2 0 2 5
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
PURPOSE AND MISSION
The Seaview Sailing Trust is a Charitable Incorporated Organisation (charity number 1198176) established in 2022 for the purpose of:
The advancement of education and training for the public benefit of children, in particular but not exclusively from Isle of Wight primary schools, by the provision of sailing, watersports and land-based activities, in order to enhance their physical and mental development skills and self-confidence.
In simple terms, we raise money to pay for Isle of Wight primary school children to learn how to sail, free of charge. The children are taught by qualified instructors at Sea View Yacht Club’s excellent training facilities. Each child gets a term’s worth of sailing lessons, and complete their course with an official RYA Dinghy Level 1 or 2 certificate.
We hope you enjoy reading this report and thank you for supporting us on our journey
A MESSAGE FROM THE CHAIR
Andrea Minton Beddoes, Chair
I am delighted to present our 2025 Impact Report. This report summarises our work and the profound impact we have made over the past year, alongside our financial report and accounts for 2024/2025. We have also included a moving and uplifting account of the lasting value of the work we do, written by the Isle of Wight’s head of school improvement, Beth Dyer.
Since our inception in 2022, our mission has been clear: to ensure that the children of the Isle of Wight are not just residents of an island, but active participants in the wonders of the sea. It is a privilege to share the progress we have made toward that goal.
EXPANDING OUR REACH
2025 has been a year of significant expansion. We have grown our core programme, which provides free sailing lessons to Year 5 primary school children, and we are now working with 20 primary schools across Central and East Wight. These children attend 5 to 10 three-hour training sessions during the Summer term, taught by qualified instructors at the Sea View Yacht Club.
The scale of our reach is now truly substantial:
Total Impact: Since 2022, we have funded over 10,000 three-hour sailing lessons
Lives Changed: We have taught 1792 Isle of Wight children how to sail
Growth in 2025: This year alone, we taught 723 children, a 30% increase on 2024
New Schools:
Five new schools joined the programme this year, bringing our total to 20
SVYC.ORG.UK/SST
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OUR KEY ACHIEVEMENTS OF 2025:
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WE INCREASED THE NUMBER OF
SAILING LESSONS PROVIDED
BY 41% TO 4446
WE INCREASED THE
A NEW
NUMBER OF
PARTNERSHIP WITH
CHILDREN ON THE
THE SEA SCOUTS
PROGRAMME FROM
WE INCREASED OUR
560 TO 723 RESERVES TO
THE NUMBER
OF PARTICIPATING AN INCREASE OF £110,000
SCHOOLS EXPANDED
FROM 15 TO
THE CONTINUATION
30%
OF OUR SATURDAY
CLUB ENABLES
CHILDREN TO
20
FOLLOW ON FROM
PLUS HOME-SCHOOLED
CHILDREN THEIR LESSONS
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OVERCOMING DEPRIVATION AND BUILDING CONFIDENCE
Despite living surrounded by water, many children on the Isle of Wight have never had the opportunity to learn to sail; remarkably, many have never even visited the beach. The Island, contains some of the most deprived areas in the UK, and faces significant challenges. With the largest proportion of children with special educational needs (SEN) in the country and the highest percentage of children with education, health and care plans (EHCP), the need for inclusive, confidence-building outdoor education has never been greater.
As they return week by week, these children embrace the challenges of the sea and grow in confidence. Beyond sailing, we have also expanded our programme to incorporate the RYA’s Swim Safe training, providing vital life skills. For those who found a true passion for the sport, our Saturday Club remained a firm favourite, allowing children to continue their sailing lessons for just £1.
2025 FUNDRAISING SUCCESS AND FINANCIAL REVIEW
All of this has been made possible through the phenomenal generosity of our supporters. Our financial health is strong, allowing us to plan for the future with confidence. During 2025, we raised over £276,000. This significant total was driven by growing support from dedicated Trusts and Foundations, generous individual donations and a significant increase in the number of regular donors committed to our mission.
LOOKING AHEAD: REACHING THE WHOLE ISLAND
The Trustees have agreed that our long-term goal is to reach beyond East Wight to give all Year 5 primary school children across the entire Isle of Wight the opportunity to sail. To achieve this, we are currently identifying a second service provider to teach children from West Wight primary schools who are located too far away from our current base in Seaview to make lessons there viable. Our aim is to reach all Year 5 children across the island in 2027.
On behalf of the Trustees, I would like to thank everyone who has supported us over the past year: our generous donors, the instructors, the teachers and parents.
Together, we are ensuring that no child is left on the shore.
SEAVIEW SAILING TRUST | SEAVIEW SCHOOLS SAILING
IMPACT REPORT 2025
STRATEGIC PRIORITIES OF SEAVIEW SAILING TRUST 1
Maintain focus on providing high quality training provision for Year 5 primary school children centred on the community of Seaview, and expanding out provision to include ALL Island schools through partnership
2025 – 2028
With sufficient funds, we will continue to grow the programme:
5800+ sailing lessons for children from up to 31 schools 7600+ sailing lessons for children from all 2 37 primary schools on the Isle of Wight
3
Ensuring the quality of the training provision through independent assessment and input
The growth will focus on bringing in new schools and where possible providing 10 sessions a year rather than 5
4
6
Build a framework for monitoring longer-term impact on pupils’ outcomes, beyond their sailing skills
By 2028 SST will aim to hold reserves of around £130,000, to ensure we have the security to continue to deliver lessons to the children
5
7
Fundraising focus will be on trusts and foundations, individual regular giving and the introduction of a legacy giving campaign
There will be a continued focus on effective governance
SVYC.ORG.UK/SST
OUR 2025 HIGHLIGHTS AT A GLANCE
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Cowes Holy Cross
Dover Park St Mary’s
Oakfield
Wootton
Sea View Yacht Club
Binstead
Newport Greenmount Ryde Nettlestone
Nine Acres Barton Haylands St Helens
Bembridge
Brading
Newchurch
The Bay
Broadlea
Godshill Gatten & Lake
Sandown
St Blasius Shanklin
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The following schools continued their sailing programme:
Bembridge C of E Primary School Nettlestone Primary School Binstead C of E Primary School Newchurch Primary School Brading C of E Controlled Primary School Nine Acres Primary School, Newport Dover Park Primary School, Ryde Oakfield C of E (Aided) Primary School, Ryde Haylands Primary School, Ryde St Helens Primary School Gatten and Lake Primary School St Marys Catholic Primary School, Ryde Greenmount Primary School, Ryde Wootton Community Primary School Holy Cross Catholic Primary School, East Cowes
IN 2025 WE DELIVERED 4446 SAILING LESSONS TO 723 CHILDREN FROM 20 LOCAL PRIMARY SCHOOLS AND THOSE SCHOOLED AT HOME
A NEW PARTNERSHIP WITH THE SEA SCOUTS
THE CONTINUATION OF OUR SATURDAY CLUB TO ENABLE CHILDREN TO FOLLOW ON FROM THEIR LESSONS
CHILDREN RECEIVED BETWEEN 5 & 10 WEEKLY SAILING LESSONS FOR FREE WORKING TOWARDS THE RYA DINGHY LEVEL 1 OR 2 CERTIFICATE
Five new schools joined the scheme: Barton Primary School, Newport Broadlea Primary School, Sandown Godshill Primary School St Blasius Shanklin C of E Primary Academy The Bay CE School, Sandown
PARTICIPATING CHILDREN
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700
600
500
400
300
200
100
0
2017 2018 2019 2020 2021 2022 2023 2024 2025
SAILING LESSONS DELIVERED
5,000
4,000
3,000
2,500
2,000
1,500
1,000
500
0
2017 2018 2019 2020 2021 2022 2023 2024 2025
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SEAVIEW SAILING TRUST | SEAVIEW SCHOOLS SAILING
IMPACT REPORT 2025
BETH DYER WAS HEADTEACHER AT NINE ACRES IN NEWPORT, BEFORE RECENTLY HEADING THE ISLAND’S SCHOOL IMPROVEMENT TEAM. AT THE TRUST’S SUMMER PARTY IN 2025, BETH TOLD US THE MOVING STORY OF BEN [WE HAVE CHANGED HIS NAME HERE], A CHILD FROM A VERY DIFFICULT BACKGROUND, WHO WAS TRANSFORMED BY HIS SAILING LESSONS WITH THE SEAVIEW SAILING TRUST
I've been a head teacher for about 15 years on the island, both in secondary and primary, and I think sometimes there are stories that really touch us and ones that we remember, and I want to tell you about a pupil whose life Seaview Sailing Trust has changed.
BETH DYER
HEAD OF THE ISLAND’S SCHOOL IMPROVEMENT TEAM
Sometimes we forget where those children have come from. The Isle of Wight is a beautiful place, but there are huge pockets of poverty on the island, and there are children that have never been to the beach. There are children who haven't ever been out of their estate.
I want to talk to you about Ben. When Ben was five, in Reception class, he wanted me to play Batman and Robin with him. But instead of dressing up and running around acting out the parts, he sat down and said "Here's the controller.” “The controller?” And he said, “Yeah, because we're going to play the video game.” At five years old, he had no imagination. His life and his adventure was all through screens. He'd never climbed a tree, he'd never been rock pooling, he'd never been crabbing, he'd never been to the beach. It really made me think.
“YOU SHOW THEM A HORIZON THAT'S NOT TO BE FEARED, BUT TO BE EMBRACED."
SVYC.ORG.UK/SST
At seven, he stood up in his class and confidently said, “I'd like to tell everybody that giraffes are not real.” You see, nobody had ever taken him to a zoo, nobody had ever read him a story about animals or bedtime stories, and he truly believed that giraffes were not real animals.
TODAY BEN IS STILL A CHARACTER. HE'S IN SECONDARY SCHOOL DOING AMAZINGLY, AND HE WANTS TO JOIN THE NAVY. AND YOU KNOW WHAT? HE'LL BE A LEADER IN THAT NAVY. HE WILL MAKE IT.
But Ben is not the only one. There are many more Bens on the Isle of Wight. Children whose homes are filled with struggle, whose worlds are small and whose potential is untapped. The island has the highest pockets of child poverty in the south and opportunities don't simply just land in their laps. They have to be placed in their laps, and that's what you do. You take children who have never stepped beyond the estate they live in, and you put them on the water. You place them in charge of something powerful. You show them a horizon that's not to be feared, but to be embraced.
At eight, the day came where he didn't turn up to school. I decided to go around and knock on his door. At first there was no answer, but he eventually opened the door in his pyjamas. “Where’s Mum? Why are you not at school?” He said, “Oh, Mum's on the sofa. She's asleep". So I went into the house.
“MUM WASN’T ASLEEP. SHE’D TAKEN A HEROIN OVERDOSE”
I called for help and started CPR whilst he stood and watched. That was his life up until eight years old. At nine, he was busy looking after his little sister, getting her up in the morning, making her breakfast, and always getting her to school on time. He would always hold her hand all the way as they walked to school.
And without you, the invitation to step into the water would never come. Without you, the patience and structures would not be there to heal and to show them their kindness that adults can be trusted. Without you, the control would never be placed in their hands, and without you, the horizon would look like the end of the world. You are creating a legacy. And the generosity doesn't just fund the sailing lessons, and I need you to really understand that it funds possibility. It turns children who believe giraffes aren't real into young people who believe in themselves. You give them proof that they matter, proof that they belong, proof that the world is bigger, kinder and more full of opportunity than they ever imagined.
AND THEN THERE WAS A MOMENT THAT THE SEAVIEW SAILING TRUST STEPPED IN.
He was very rude to the sailing instructors. For a boy who'd learned not to trust adults, meeting strangers in strange places was almost unbearable. But the instructors showed kindness and patience, and he learned to trust and to believe. This was more than just stepping inside a boat. But once he stepped inside that boat, something remarkable happened. For the first time in his life, he was choosing. He wasn't reacting to the chaos, and he wasn't waiting for the next crisis. This was a moment he realised that life wasn't something to endure, it was something he could shape. And from that day, he came back to the water to be part of a team. He learned to read and write in school, because he realised that that was just as important: life could be very different, and he wasn't going to fall off the end of the earth. Life was much bigger than that. It was bigger than the screens. It was bigger than his house with no carpets and no beds. And slowly, the boy who thought giraffes weren't real began to believe in those bigger things, and he believed in his future.
Many Isle of Wight children are eagerly waiting for their turn. You might not know their name, they might not know your name, but they will feel your power. So when you think about what your support means, I want you to remember this, you're not just keeping a sailing programme afloat. You're taking Island children who have nothing but limits, and showing them the horizon, you're putting in them at the helm of their own futures, and you are changing their ending of their stories forever. And that is a legacy worth every penny and every ounce of effort. Thank you for everything you've done.
SEAVIEW SAILING TRUST | SEAVIEW SCHOOLS SAILING
IMPACT REPORT 2025
UPDATE ON 2025 DEVELOPMENTS AND WHAT’S IN STORE FOR 2026
Jon Curtis is an integral part of the history of Seaview Sailing Trust from the beginning. He masterminds the training, talks to the schools, and it’s into his care that we place the children who come to Seaview to learn how to sail.
JON CURTIS
SAILING DIRECTOR AT SEA VIEW YACHT CLUB
In 2024, HRH The Princess Royal visited Seaview to see the work being done by the Trust. She is pictured here with Jon Curtis, Sea View Yacht club's Sailing DIrector
SVYC.ORG.UK/SST
In 2025 we introduced “Swim Safe” (an initiative with the RNLI, Swim England and the RYA), as an extra part of the training. And it's proved really useful. Sail training takes place in a variety of different boats and we've upgraded some of the Pico dinghy fleet so that they're in better shape and will last longer for the children. More changing room space is planned, as the current changing rooms aren't quite big enough to cope with the numbers that we're working with now. Plus we're putting in an access ramp and also an accessible changing area and toilet because we are getting more and more people coming through who have accessible needs.
One of our mantras is that nothing's impossible, but we might need to move the goalposts a little bit to make it possible. We try and get everybody out there; nobody's going to miss out, and we won't ignore anyone whatever their needs.
Often when we start off training, quite a few of the children are in tears, as this is so unfamiliar to them. (One tearful little child that I was talking to told me “My Daddy's a fantastic sailor”. And I said, well, he wasn't when he was your age, because I taught him and he was crying the same as you are!) But by the end of the week I’m pleased to say that the tears have turned to smiles. They're learning to love sailing, and making friends that will last forever.
Several of the teachers have told us that the children are making new friends who they wouldn't even have thought of talking to when they were at school.
None of this progress would be possible without our dedicated and loyal supporters. You make all of this possible, and you are amazing!
SEAVIEW SAILING TRUST | SEAVIEW SCHOOLS SAILING
IMPACT REPORT 2025
FUNDRAISING AND GIVING
OUR WORK IS ONLY MADE POSSIBLE THROUGH THE DONATIONS AND GRANTS WE RECEIVE. IN 2025 WE CONTINUED TO GROW OUR FUNDRAISING AND EXPAND OUR SOURCES OF FUNDS. THE SUPPORT THAT WE RECEIVE FROM THE LOCAL COMMUNITY OF SEAVIEW IS TRULY OVERWHELMING. IN PARTICULAR WE HAVE SEEN A RISE IN THE NUMBER OF INDIVIDUALS WHO GIVE REGULARLY TO THE CHARITY - A GROWING BAND OF 65 INDIVIDUALS, UP FROM 50 LAST YEAR.
And in recent years we have been fortunate to receive funding from a growing number of trusts and foundations, who have seen the important work we do, and want to ensure our longevity into the future.
During the year the Trust raised over £276,000, once again exceeding its target. The additional funds raised enabled us to fund more lessons and reach more children than we had initially planned.
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The breakdown of
funds raised was
as follows:
CORPORATE
DONATIONS
TRUSTS AND
FOUNDATIONS
INDIVIDUAL
GIVING AND
COMMUNITY
EVENTS
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INTEREST INCOME
WE ARE GRATEFUL TO THE FOLLOWING ORGANISATIONS WHO HAVE SUPPORTED US OVER THE PAST FINANCIAL YEAR:
TRUSTS AND FOUNDATIONS
Beatrice Laing Trust CHK Foundation Charlotte Heber-Percy Charitable Trust Colefax Charitable Trust De Lazlo Foundation Garfield Weston Foundation G C Gibson Charitable Trust Hyne Trust Fairy Water Trust Maristow Charity PF Charitable Trust Shipwrights Charitable Fund Sir Edward Lewis Foundation
Sir Thomas Lipton Foundation St. James’s Place Charitable Foundation Syder Foundation TARGET Trinity House Maritime Charity Vaseppi Trust Vintners’ Foundation
CORPORATE DONORS
Appley Women’s Institute Infrastructure Industry Regatta Iris Insurance Brokers Oxford University Society, Hampshire and IOW Group Seafields Estate Agents Sea View Yacht Club Trading Technologies UK
CONTRIBUTE
If you would like to contribute to the charity please contact sst@svyc.org.uk or scan this QR code to visit the Seaview Sailing Trust JustGiving page
SVYC.ORG.UK/SST
REGISTERED CHARITY NUMBER: 1198176
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
FOR
SEAVIEW SAILING TRUST
Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ
SEAVIEW SAILING TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 |
SEAVIEW SAILING TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
The trustees present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Seaview Sailing Trust was established in 2022 for the purpose of 'the advancement of education and training for the public benefit of children, in particular but not exclusively from Isle of Wight primary schools for the provision of sailing, water sports and land-based activities in order to enhance their physical and mental development skills and self-confidence'.
In essence the Trust raises money to pay for Isle of Wight primary school children to learn to sail free of charge. The children are taught by qualified instructors at the Sea View Yacht Club. Each child receives either half a term or a full term's worth of sailing lessons and completes their course with an official RYA Dingy stage 1 or 2 certificate. The children attend the course as a whole class in the summer term of Year 5 when they are 9/10 years old.
Public benefit
All the activities of the charity focus on delivering community benefit and are in accordance with the objects of the charity. The Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Seaview Sailing Trust continued expand its charitable activities in 2025, teaching more children than ever before to sail off the waters of the Isle of Wight. Key highlights include:
-
The charity funded 4,446 sailing lessons, an increase of 41% on 2024. Each lesson is 3 hours long.
-
723 children participated in the programme, up from 560 in 2024.
-
The charity worked with 20 Isle of Wight primary schools in 2025, up from 15 in 2024. New schools in the programme included three schools from the Bay area, namely Broadlea, St Blasius and The Bay (Sandown). In addition, Godshill and Barton (Newport) primary schools also joined the programme.
-
Home schooled children were included in the programme for the second year running.
-
The charity continued to offer a Saturday club for children eager to engage in additional sailing activities, available at a cost of £1 per child.
-
The charity added a new aspect to the programme - the RYA Onboard Swim Safe Course (in conjunction with the RNLI & Swim England). All the children successfully completed the course which is designed to make children think before going into open bodies of water.
FINANCIAL REVIEW
Financial position
Income resources for the year amounts to £276,243 (2024 - £182,483) and costs of charitable activities amounted to £177,539 (2024 - £130,721). Within the charitable spend, £163,621 was spent on the provision of sailing lessons for the primary school children and £13,918 was a one-off grant to fund preliminary planning for an additional changing room and accessible facility. Of the funds raised during the year, 47% came from Trusts and Foundations, 25% from individual donations, 24% from corporate donations and the remainder from interest income.
Reserves policy
The trustees have set themselves a target of holding enough reserves to fund 5 lessons per child in the programme for 2 years. During the year the trustees increased the capital reserves to £110,000.
FUTURE PLANS
Following on from the Strategy Day in 2024, the Trustees continued to focus on expanding the programme across the East and Central Isle of Wight. The Trustees agreed that, if funding permitted, the long term goal should be to provide free sailing lessons to all Year 5 children across the Isle of Wight. The charity began the search for a second service provider to provide lessons for schools located on the West of the island for whom Seaview was too far to travel.
To support the growing numbers of school children attending the programme in Seaview, the charity agreed to fund the installation of an additional changing room and an accessible facility at the SVYC boat park. These will be installed in 2026.
Page 1
SEAVIEW SAILING TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its constitution dated 1 February 2022.
Charitable status
The Trust is a registered CIO No. 1198176
Recruitment and appointment of new trustees
During the year, Tom Holbook was appointed as a new trustee.
Risk management
The Trustees have undertaken a review of the major strategic, business and operational risks to which the charity is exposed, and confirm that systems have been established which enable the necessary steps to be taken to lessen these risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1198176
Principal address
Sea View Yacht Club Esplande Seaview Isle of Wight PO34 5HB
Trustees
E A Kershaw C W M Garnett Ms A M J Minton Beddoes R R Barry Mrs L V Richardson C W V Robins M J C Smith Mrs T S North Mrs F M Conway-Hughes (appointed 1.11.24) T A H Holbrook (appointed 17.4.25)
Independent Examiner
J Palmer ACA Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................ Ms A M J Minton Beddoes - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEAVIEW SAILING TRUST
Independent examiner's report to the trustees of Seaview Sailing Trust
I report to the charity trustees on my examination of the accounts of Seaview Sailing Trust (the Trust) for the year ended 31 October 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do 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.
J Palmer ACA
Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ
Date: .............................................
Page 3
SEAVIEW SAILING TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025 |
|
|---|---|
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 265,743 Investment income 2 10,500 Total 276,243 EXPENDITURE ON Charitable activities Provision of sailing services 177,539 NET INCOME 98,704 RECONCILIATION OF FUNDS Total funds brought forward 273,370 TOTAL FUNDS CARRIED FORWARD 372,074 |
2024 Total funds £ 174,146 8,337 |
| 182,483 | |
| 130,721 | |
| 51,762 221,608 |
|
| 273,370 |
The notes form part of these financial statements
Page 4
SEAVIEW SAILING TRUST
BALANCE SHEET 31 OCTOBER 2025
| 2025 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 8,150 Cash at bank 380,269 388,419 CREDITORS Amounts falling due within one year 6 (16,345) NET CURRENT ASSETS 372,074 TOTAL ASSETS LESS CURRENT LIABILITIES 372,074 NET ASSETS 372,074 FUNDS 7 Unrestricted funds 372,074 TOTAL FUNDS 372,074 |
2024 Total funds £ 4,000 270,882 274,882 (1,512) 273,370 273,370 273,370 273,370 273,370 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Ms A M J Minton Beddoes - Trustee
The notes form part of these financial statements
Page 5
SEAVIEW SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Deposit account interest | 2025 £ 10,500 |
2024 £ 8,337 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
continued...
Page 6
SEAVIEW SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Provision of sailing services NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 7. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
Unrestricted fund £ 174,146 8,337 182,483 130,721 51,762 221,608 273,370 2025 2024 £ £ 8,150 4,000 2025 2024 £ £ 10,520 522 5,825 990 16,345 1,512 Net At movement At 1.11.24 in funds 31.10.25 £ £ £ 273,370 98,704 372,074 273,370 98,704 372,074 |
|---|---|
continued...
Page 7
SEAVIEW SAILING TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 276,243 | (177,539) | 98,704 |
| TOTAL FUNDS | 276,243 | (177,539) | 98,704 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement 1.11.23 in funds £ £ 221,608 51,762 221,608 51,762 |
At 31.10.24 £ 273,370 273,370 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 182,483 | (130,721) | 51,762 |
| TOTAL FUNDS | 182,483 | (130,721) | 51,762 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2025.
Page 8
SEAVIEW SAILING TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025 |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and legacies | 265,743 | 174,146 |
| Investment income | ||
| Deposit account interest | 10,500 | 8,337 |
| Total incoming resources | 276,243 | 182,483 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities-term | 125,746 | 103,093 |
| Fundraising costs | 2,050 | 1,533 |
| Grants paid | 43,820 | 19,895 |
| 171,616 | 124,521 | |
| Support costs | ||
| Governance costs | ||
| Insurance | 450 | 470 |
| Marketing | 2,176 | 3,165 |
| Computer software | 2,087 | 1,485 |
| Accountancy | 1,110 | 1,080 |
| Sundries | 100 | - |
| 5,923 | 6,200 | |
| Total resources expended | 177,539 | 130,721 |
| Net income | 98,704 | 51,762 |
This page does not form part of the statutory financial statements
Page 9
HISTORY AND GOVERNANCE
The Seaview Sailing Trust was formed out of the Seaview Schools sailing programme started by the Sea View Yacht Club in 2017 by the then Commodore, Michael Smith. From the outset the programme was supported by generous members of the Sea View Yacht Club, along with external funders, such as livery companies and various trusts including Sir Ben Ainslie’s 1851 Foundation. The initial programme provided 15 places for 10 weeks during the summer term to Year 5 students from Nettlestone Primary School. This proved so successful that requests soon followed from other schools.
As the programme has grown and more funds have been raised, the club felt that the fundraising should be carried out by an independent charity, separate from its finances and management. The SVYC remains a strong supporter of the charity, and its commodore sits on the board alongside the independent trustees. However, the Trust is an independent charity and our decision-making, finances and governance are separated.
Board of Trustees: Andrea Minton Beddoes (Chair), Reg Barry, Fiona Conway-Hughes, Christopher Garnett, Tom Holbrook, Edward Kershaw (Vice Chair), Tracy North, Lucy Richardson, William Robins, Michael Smith.
Seaview Sailing Trust, The Esplanade, Seaview, Isle of Wight PO34 5HB A Charitable Incorporated Organisation with the charity number 1198176
If you wish to find out more about SST or talk about ways you can support our work, please contact us at sst@svyc.org.uk