COP*ANY REGISTRATION NUM8ER: ¢E00169 CHARITY REGISTRATION NUMBER: 1155063 Somerset Youth & Community Sailing Association (2013) Company Limited by Guarantee Unaudited Financial Ststements 31 December 2023 BISHOP JONES Chartered accountants 9 Sadler Street Wells Somerset BA5 2RR
Somerset Youth & Community Sailing Association (2013) Company Llmlted by Guarantee Flnanclal Statements Year ended 31 December 2023 Pages Trustees, annual report (incorporating the directorfs report) Independent examiners report to the trustees 1to4 Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 8t015 The following pages do not fomi part of the Ilnanclal statements Detailed statement of financial activities 17 Notes to the detailed ststement of financial activith'es 18to19
Somerset Youth & Community Sailing A880ciation (2013) Company Limited by Guarantee Tru8tses' Annual Report {Incorporatlng the Directorfs Report) Year ended 31 December 2023 The Irusteos, who are a180 the directors for the purpo888 of company law, present their report and the unaudited financial statements oftho tharty kn the year ended 31 December 2023. Refrrence and admlnlstrntlve detsils Règ1¥t•r charlty name Som8rset Youth & Communty Sailing Assock*ion (20131 Charfty registrntlon number 1155C63 Company reglstr4tlon nurnr CE001539 Prlnclpal offlce and rnglstw•d 2 Prry Cottages offlco ChiKon Polden Hill Bridgwaler TA7 9AH Th• trustees Mr P Sed9wick Mr J Langford ISecretsry} P Upton (Chairl Mfs J York Mr l York Mr B Langford Ivice Chair) Miss S Long ITreasurer} Company seer•tary Mr J Langford Indep•ndent examlnor Bishop Jones 9 Sadler Street W811s Somet8et BA5 2RR StThcture. governance and manag•ment Legal Stalus Somersel Youth and Comrnunity Saling Assoualion 120131 is a registered Charitable Inc4)rporolion Organisatlon Set up undèr constrtubon adopted 29th March 2014. Oryanlsatlon The Association consists of an Executive Committee, Honorary officers and Ndin8ry Members. Full and Associate. The Execulive Committee m81ntains overall control management of the Association and meet regularfy. Trustees are appointed each year at the AGM by ccThiderlng 8ppli¢ations received and appointing by volo. One-third of the ¢horty tru5tggs retire by rotadon al each AGM and are eliglble for reappointsnent.
Somerset Youth & Community Sailing Association (2013) Company Llmited by Guarant Trustees. Annual Report {Incorporallng the Dlrnctorfs Report) (COnllRu Year ended 31 December 2023 Oblectlves and activiti•$ To provKle training and rgcrealional facilities which FXOrnOte and encourage thg Sport of 88iling, provision of powerboat and safety boat training for the purposes of Safety covgr for sailors aThJ practlses of good 8eamanship aM(g the ppIe malnly, but no exdusively, of Somersel for the purpose of advanung Iheir eduGh?n and in the Interests of soaal weK#re within the meaning of the Recreational Char'ÉS Ac 1958. Th8 truslegs confim that they have referred lo the guKlan contsined in the Charity Commission's general guidance on public benellt lthgn revbgvAng the Trust's aims and c&jectfves and kn pknning future adivili&s for Ihe year. AchtovomBnts and pgrformance SYCSA Chaimian's report 202&2024 Th8 replacement rib ordered in the late Summer 012023 evenlualty arrived but Wlul seal cushior backrest and cov8r. After mh chasing, only the bathre5t Gushion is Still ml8slrvJ (late Aprll. The b)at has been property in and is now in regul¥ use. Numbers of 8tud8nts for bo1h Salurday Mornlng Club and adult cow8e5, slc¥)d up well when we feared the cost of IrvirvJ crisis may well have resue<l in signnlcanty lower numbers. W8 ¢anl bfr certaln bul the deasion to l¢xver the Cost of the Saturday MIng Club using rtng fenced funds probabty helped malntsin the attendance levds. The committee made the decision to In¢aSe the price for this coming se880n 81most back lo the previou5 level. The Sea Sailing week was much better attended than In reeent pandemic affected yoais. It was go)d to see youngsters gaining experierKe and confljence Sn challengirg lI110r. However, the main effort has been to gel the merger btheen SYCSA and DurfeKJh Sailing Club underway. A pathway wa$ agreed aTrJ a new CIO called Durleigh Sailing Cenlre was created. DecisK)ns needed lo be made on all mamer of things induding how the new organisation wll be structured and managed, what cat8gori8s of membership we should have as well as issues like logos, websrte de9n. Volunteers also had lo be found to tske up rOS that span what pr8viousty had been drff8renl organisation8. At the end of February 2024 an on'ne aFplication was madè to merge SYCSAI20131 wilh r CIO, Durlelgh SaS1ing Cantre aTrJ to transfer all of the assets belonglng to SYCSA lo the new CIO. AI thg Ilme of wflb.ng there has been no response from the charty eommission. 11 1$ hoped that nsent will be granted in the coming weeks. then SYCSA will be merged. the RYA will be asked to Ghange the name of the training centre lo 'DeIgh Sailing Cenlre, and from that point training will lake place under the name of Durlelgh Salllng Cenlre. Addib'onally, the training activities wll be cover8d by the held by Durfeigh Salllng Centre. 11 15 pleasing to see the new stNcture has already enabled new pthvays to be created that ShOd help incre88e the nuni8r of people tskiro up sailing whkh Is our ullimalè goal. Peter Uplon 24 April 2024
Somerset Youth & Community Sailing Association (2013) Company Limited by Guarantse Trustees. Annual Raport (Incorporating Dlrector's Report) (¢Mllnuod) Year ended 31 December 2023 Flnanclal rnvlew Th9 Statement of Flnancial Activitie$ sh¥ a nel defictt for Ihe year of £4.149 and reserves total £84,587. FINANCIAL CONTROLS Thg Trust has clear policies and predureS in relatlon lo eXpendre, investment management and the se¢urity of Trust assets. These policKgs are kgpl under regular review. INVESTMENT POWERS AND RESTRICTIONS The Trust Deed gives Trustees the power lo invest monies vthirh are surplus lo the immedialo requirements of Assocbation in Wder Range Trustee Securibas without formalty, bLrt such inveslments Shall be reported to the next Executive Commrttee meelfing. FUNDS AVAILABLE The present level of fuThJing is adequate to support the ongolng 04'ectives of the ¢harty and I TfUSte8s cortslder the fincial p)silion of the charity to be 8alisfactory. RESERVES POLICY 11 is the pollcy of tr*e Charity to maintain unfeslricted funds at a lever lo meet future unre$lrictsd exp9nditure wth due consideration of the expected returns in future years from the Charitab
iwtN8s. This provides sUfficnt fvnds to cover charitable expeThJituie and the govemance costs of
the Charity. RISK MANAGEMENT The Trustees have examined the malor risks which the Charity faces monitor th8se risks on g lar basis to mitigate any impaLI that they may have on the future of the Charty. OUR VOLUNTEERS The Association is very involved in the Iccal community and beyond and relies s(Aety on volurrtary help. Most of the 35 or so Volunteers have completed professional RYA qualffications and pass their expertise to all participants. There are no paid helpers, and atthough gxpgnses are ¢)ffereil, these ore very rardy taken. reducing the fina181 demands of the ganIsatiOn. This allDWS more resources lo be kXIt back into SYCSA to help with fijrther training. ar#J upgrading of our equipment, than would othewse b8 the case. and we wsh to thank JI of our Volunteers who hèlp lo make SYCSA such sucee5S. Small c¢mpany provi•iong Thi$ report has t*en prepared in a¢¢ordanc8 wlh the pyovisions appticable to companie5 entitled to the small ccmpanies exemption.
Somerset Youth & Community Sailing Association (2013) Company Llmltsd by Guarantse Trustees, Annual Report (Incorporatlng th• Diro¢torfs Report) Year ended 31 December 2023 The tru81ees' 8nrntal report was aprVed on 14 SeF*ember 2024 and slgned on behalf of the board of twslees b Miss S Long (Treasurer) Trustee
Somerset Youth & Community Sailing Association (2013) Company Limited by Guarantee Independent Examlnevs Report to the Trustses of Somerset Youth & Communlty Salllng Assoclatlon (2013) Year ended 31 December 2023 I report lo the trustees on my ex8min8tiM of the finanaal stal8m8nls of Somerset yth & Community Salling Assoaation {20131 he charty? for the year ended 31 December 2023. Responslbllltl•s and l)asls of report As th& truslaes of the company land also its direct¢ys for the purposes of company Lqwl are resPOr1bIe for the preparation of the financ4al statements in accortJance with the reqUireMts of tho Companw Act 2006 (0 2006 Act?. Hang satisfied myself that the accounts of Ihe company not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatK)n, I report In respect ol my examination of thg charity's accounts as carried under saction 145 of the Charities Act 2011 (the 2011 Act). In carying out my examlnation I have followed the Dire(lions glven by the Charity Comm1881on under seclron 14515}Ib) of the 2011 Act. Independent examlnefs ststement I have completed my examination. I conthrm that no matters have come to my attenlion in connecth)n th the examination gfving me cause to believe: account9 records were not kept in respect of the charity as required by Secti 386 of thè 20C6 Act,. or the financial stalerrEnls do not accord wrfh those records.. or th8 financial statements do not comply accountng requirements of section of the 2006 Act other than any requirement that the accounts 9Ne a Irue and f81rf vlwi whith is not a matter consk1ered as part of an independent examinatK)n". or the finanaal statemen15 have not been prepared in accordanc* wllh the methods and priwples of the Statement of Recommended Prt for accounting and reporbng by charities appltable to ch8rftSes weparing their accounts in accordance wth the Financial Reporting Stsndard applicable in Ihe UK and Republ of Ireland IFRS 102). I h8ve no concems and have coffÉ across no other matters in connectlon w6th the examination to ich attention should be drawn in this report in order lo enab 8 proper understsnding of the ac¢ounts to be reached. Bishop Jones Indopendenl Examiner 9 Sadl8r Stroet We115 Somerset BA5 2RR 16 September 2024
Somerset Youth & Community Sailing Association (2013) Company Limited by Guarantee Statement of Financial Activitie8 (Includlng Income and expendlture account) Year ended 31 December 2023 2023 Restrfthd fiJnds Totsl fund8 Total fvnds 2022 Unrestric*ed fund$ Income and 8ndowm•nts Donatiorts and legxies Charitabl8 activrties Investment InMe 6,997 29,372 75 20.017 441 20.017 441 Total Income 20,458 20.458 36,444 Expenditure Expenditure on charttable actfvlues Total expendlture 18,349 6,258 ¥607 23,026 18,349 6.258 24,607 23.026 Net {expendllureylncome and not mowm•nt In funds 2,109 {8,258) 13,418 Reconclllatlon of funds Total funds brought loard Total funds Garrfed for4vard 53.311 35.425 88.736 75,318 55,420 29.167 81687 88,736 The statement of financial activiiies indudes all gains and lossos reCognid in the year. All income and expenditure dwive from continuiry acllvttles. Th• not•8 on p•g•s 8 to 15 fomi part 01th8 financlal 8tstsmenl¥.
Somerset Youth & Community Salllng Association (2013) Company Llmlted by Guaranteo ststement of Flnancial Position 31 December 2023 2023 2Q22 Flxod assets Tangibje fixed assets 13 S1.423 54,615 Current assets Debtors Cash at bank and in hand 14 2.294 37,813 39,907 2,490 42.747 45,237 Credltorn: amounts falllng wlthln one ygar N•t ¢urr•nt assets 1S 6,743 33.164 11,118 34,121 T¢)tal as¥9ts less current Ilabllltle8 84,587 88.736 Net assets 84.$87 88.736 Funds of the charlty Restricted funds Unrestricted lundg 29,187 55,420 84,587 35.425 53.311 Totsl charlty funds 88,736 For the year ending 31 DeGember 2023 the chailty was ènliUed to exemplic from audit und8r section 477 of the Companies Acl 20CIS relating to small companies. Directors, responsibilits'es.. The members have not required the company to obtain an audit of its finarLial statements for the year in qltIOn in acr>)rdare vAth seclon 476: The directors a¢knOedge their responbilItieS for mPlyIng with the requirements of the Act th respect lo accounting records and the preparation of financial statements. These financial sl8temenls have been prepared in accwdance wrth the provisioM arplicable to companies subject to the small eompanie5' regime. These finala1 statements opproved by the board of trustees and authorised for issue on 14 September 2024. and are sgned on behalf of the board by.. Mr P up {Ch8lrl Trusteg Miss S Long (Treasurer) Trusteè Th• nolos on pag•$ 8 to 16 fom olthe8e financial 8tstements.
Somerset Youth & Community Sailing Association (2013) Company Limlted by Guarantee Notes to the Financlal Statements Y6ar 6ndad 31 December 2023 Qeneral Infommtlon The charity 18 a publ benefft enlty and a prfvate company limite(l ty guwant60. registered in England and Wales and a registered charty In England and Wales. The address of registed office is 2 Priory Cottages, Chillon Poiden Hill. BrIder, TA7 9AH. Statem•nt of ¢ompllanG¢ These flnanclal stslements have b8en prepared In Complian wlh FRS 102, The FinarKral Rewrting Standard applicable in the UK and the Republic of IreLgThJ', th8 Slatement of Recommended Practice apFlicablg to charities preparing their accounts In accordance with the Flnanelal Reportthg Standard applicable in the UK and R8public of Irdand IFRS 102} ICharilk9S SORP IFRS 102)) and the Companies Act 2006. Accountlng pollcles 8asi¥ of pr•paration The financial $ta18ments have been Yepad on the historical cost b8818. as mc#Jrfled by the revaluation of certain financk41 gssels and liabilitie3 and inveslmerl propertles measwed al fair value through income cf expenditure. The finarla1 statements are prepared in stertiry, which is the fundonal currency of the entty. Golng ¢onwn There are no material Uncertant8 about the charity's ability to continue. Judg•m9nts and key souwc•8 of estlmatknn uncertalnty The preparatbon of the finala1 statements requiras manogemenl to make IgementS, estimates gnd assumptions that affect Ihe amounts rewrted. These estimates and judgements are ntinUlY revieweil and are bas&J on experience and other factors, I[uding expectations of ftrture events that are believed to be reag)nable under tho circuMsts. Fund a¢untIng Unreslried funds are available for use at the discrgtlon of the Iru8tse8 to further Y of the dwrtys purposes. Destgnaled fund5 are unrestricted funds earmarked by the trustee8 for paCular future projed or commitment. Resthded funds arg subjected lo reStrtionS on their expanéiture declared by the don(Y or through tsmis of an apal, and fall into one of fyvo sub-classes". iestrided inwme funds or endowment funds.
Somerset Youth & Community Sailing Association (2013) Company Llmlted by Guarantee Notss to th9 Flnanclal Stat•m•nts (con Year onded 31 Dec•mb•r 2023 Accountlng pollcles {¢oTrthuo0) InwmlDg r•$our¢ All incoming resources are included in the statement of financial activities %then entrtlement has passed to tho charity,, it is wobable that the OnoMiC benefits associated with the trans8iAion 11 fiow to the charty and the amount can be relrably measured. The following spec4fic pollles are applied to particuL9r categ)rfes Income.. InMe from donations or grants is recognised when Iherg is evidence of entitlemwrt lo Ihe glft. recelpt Is probable and its amount can be measured reliably. legacy income rgcognised %then receipt is probabl8 aTrJ entitlement is estsb8hed. income from donated goods Is measured at the fair vakne of the gcfjd8 unless thi8 IS improctical to measure reliably, In whtch ease the value is derived from the cost to the doTh)r tx the estlm8ted resale value. Donated facilitie8 and servkes are recognbsed In the accounts when rg¢9iVod il the value ean bo reliably measured. No amounts are Included foT the Gonlrfbullw of general Vonteers. income from contracts f(x the supply of services is recwi8ed wlh the dellvery of the ¢tractl seNic. This is classified as unrestricted funds unless there is a contractual requirement for it to be sperrt on a rtiCUr purpose aNI retumed rf Lmspenl. in which case r( may be regarded as re5tiict8d. Resources expènded Expenditure is recognlsed on an aeeruals basis as a liability is Inujrred. ExFendf(ure indudes any VAT which cannot be fully rewvered, and is dassified under headirgs of the statement of finarKial acvitles to which il relates.. expenditure on raising fvnds includes the costs of all fundraising activities, events, non- charitgble trodry tlY[tieS, a1 the Sale of d¢)naled gocJ$. expen¢Jiture on charitsue aclivTiies includ8s all ¢o$ls incurred by a charity in undertaking aGtiwlie$ that further its charitable alms lor the benefft of its beneficiaries, includiNJ those 5UPPOrt costs and costs re18tlng to the governance of the charity apptttioned to charttab aclivities. other expendiluie Includes all expendlture that is neither related to raising funds for the charity nor part of its expendllure on charitable aclivits'es. All costs are allc¢aled to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated dire¢Yy lo that acvity. Shared costs are apportioned the tiVitieS ccffllrlbule lo on a reasonable, justifiable and conslstent baslg. Tanglblfr assets Tangible assets are initialty tscorded al cost, and subsequently stated 81 cost le88 any accumulated ¢jePlatIon arKI impaimenl 1g$ses. Any tangible assets carried at revalued amounts are recrded al the falr value al the dats of reVaation less any subsequent a¢cumulated depreckgbon and subsequent 8¢cumulaled impairment losses.
Somerset Youth & Community Sailing Association (2013) Company Limited by Guarantee Notes to tho Financial Ststements i¢onlthugql Yr ended 31 December 2023 A¢countlng polkl•$ Tanglble •$80ts (¢onttrtu•#J An Incrgosa In corylng amount of an asset as 8 r88uh of a revaluation. 1$ reo)gni6ed in other renIsed gains and losses, unless it reverses a charge for impaiment that has previously been renised as expenditure wthin Ihe statement of financial activitie5. A decrease in the carrying amtyjnl of èn asset as a result of revaluation, is recognised in other recognlsed galns and losses, exceFrf to which it off8ets any previous revaluatlon g8ln. In which case the 1086 18 shown wllhln 0th8r recognis8d gains lossgs on the stalement of fina181 aclivilies. Depreclatlon Depreciation is calcufaled so as to wrfte off the cost er valuatlon of an asset, less Its resldual value, over the useful econc#nic life of that asset as fdknws". Equipment 15% reductng balance Flnanclal Instrnments A finanual asset or a financsal li8blity is recoynised ¢lY when the charity becomes a paty to the conlraclu81 provi8icfis of the Instrument. Basic financlal instruments are inrtlally recognised at Ihg amount receivable or payable irlUding any related transactlon costs. Current 88sels and current liatilities are subsequenlty measured al the cash ry other consideration expected to be p8id or reeeiv&J and not disccyjnted. Debt in81ruments are 8ubsequer*ly measured at anrtiSed cosL Vfftere investments in shares are publicly traded or their fair value can otherwse be measured reliably, the investment is subsequentty measured at fair value with thanges in fair value recognised in income and expenditwe. All other suth investments are subsequently measured at Cost less impaimenl. Other financial instruments. including derwatives. are inf(ially recogni3ed al fair value. Un$9 payment for an a55el is deferred beyond nornial business 18rms or flnanced at a rat8 of interest that is not a market rate, in which case the asset 1$ measured at the present valuo of the fubjre Payments discounted at a market rate of Inlwest for a similar debt instrunKnt. Other finanual instrument5 are subs8qU8ntty mgasurgd al tsir value, wlh any changes reeognised In the statement of1Sn8ncl81 tivItIes, with the èxception of hedaing instruments In 8 de81gnaled hedglng relatlonshlp. Financial assets that are measured al cost amortised eosl are revÈwed for objtt16ve evlden of impairment at the end of each reporn9 d8te. ff there is objectwe evidence of impalmient. an impalmi1 loss is recognised under the appropriate heading in the statement of financial ¥dtvilK?s in whth the initial gain vrds recognised. 10-
Somerset Youth & Community Sailing Association (2013) Company Llmited by Guarantsa Notss to the Flnanclal Statements (conUnu8d) Year onded 31 December 2023 Accountlng pollclos {¢onllnu• Flnanclal Inslruments fconllTruodJ For all oquty instruments regardless of significance, and other ffinandgl a¥sets that we individualty significant, these are asse58ed indlvidually for impairmènt. Other finanaal assets are eithor ass8ssed individually or group&1 on the basis of similar ryedrt ri$k ¢har¥teristi¢s. Any reversals of impoimienl are recogni8ed immediately, to the extent that the reversal does mt result in a carrying amount of the finanual asset that e¢¢$ what tho Carying amount would have boan haj th8 impaimient not prgviousty been rewnised. Donatlons and legacles Unre$lricted Funds Restricted Total Funds Funds 2023 Grants Sedgemoor Dislrid Council RYA Foundation Grounthrk UK LcKal donations Unrestricted Reslrtcted Total Fund$ Funds Funds 2022 Gr4nts Sedgemoor Districl Council RYA Foundation Groundwork UK Local donation8 2,500 3,097 2,500 3,097 1,00 400 1,000 300 100 5,697 1.300 6,997 The Tru8t beneffts greatty from the invoivement aTrJ enthusi88trc support of Its mary volunteers, details pf whith are given in Ihe trustees report. In accordance wrth FRS 102 and the Charit5 SORP IFRS 1021. the economic contribution of general volunteers is nci recc•3nised in the aceounls. 11
Somerset Youth & Community Sailing Association (2013) Company Llmlt•d by Guarantso Notes to the Flnanclal Statements f¢oniiffu•dJ Year ended 31 Decemb8r 2023 Charitable actlvlth¥ Unrestricted Total Funds Unreslrlcted Total Funds Funds 2023 Funds 2022 Pcmerboat courses Courses f Saturday elub Boat hire School 9roups and outdoor edu¢xlion 8,750 2.220 4,421 2,292 2,334 20.017 8.760 2,220 1421 1292 17,010 2.771 6,218 793 2,580 17,010 2,771 6.218 793 2,580 20.017 29,372 29.372 Investm•nt incom• Uniestricted Total Funds Unrestricied Total Fund8 Funds 2023 Funds 2022 Bank interest receivable 441 441 75 75 Expendlture on eharftabl• •ctlvStles by fund typ• Unreslrithd Fund$ Restricled fotsl Funds Funds 2023 Support costs 18,349 6,258 24,607 Unrestrirted Funds Restrided Total Fund5 Funds 2022 Support costs 18.414 4.612 23.026 8. Expendlturo on charltablo aclMd•$ by a¢tivity type Tolal funds 2023 Total lund 2022 Support G951s Powertrx)8t courses Course fees Saturday club Boat hire Ouldoof education and schods Inslrudors training week Durleigh S.C. rnember5hip RYA affiliation 8.329 2.888 4.706 1,969 2,001 200 4,204 310 8.329 2.U8 4.706 1.969 2.001 200 4,204 310 11.268 1,850 4.484 442 1.439 301 3.094 148 24,607 24.607 23.026 -12.
Somerset Youth & Community Sailing Association (2013) Company Llmlted by Guarants• Notes to the Financial Ststements (conlthwd) Year ended 31 December 2023 Net lexpendlturelllnme Net {expgnditwe)fincome is stated after ChargIn(creditingl. 2023 2022 Depreciation of tsngible ffixed a$8els 8.192 8,888 10. Ind•nd•t èxamln¥Uon f9•5 2023 2022 Fees payable to the indeFendgnl examiner for. Independent ex8minab.on of the financial statements 720 11. Staff costs No laries or wages have been paid lo employees, nGhKling the Iru5tees, during the pefiod. The average he8d COLmt of emoYeeS during thg year was Nil (2022: NID. No employee r8C8N8d aMF0Yea bonefils of more than £60.000 durirrfJ thè year {2022.. Nil}. 12. Trustse remuneratlon and expenses Trustees r1Ved no emoluments or re1mLT5ed expens8s during Ihe yw. 13. Tanglble fixed assets Equipmgnt Cost At 1 Januwy 2023 Additions 135,141 0,000 140.141 At 31 Dgcqmbor 2023 Dgprecialion At 1 January 2023 Charge for the year At 31 Dec•mb•r 2023 80.528 8,192 88,718 Carying #mount At 31 Dgcgmbgr 2023 51,423 At 31 Dec8mb8r 2022 54.615 13-
Somerset Youth & Community Sailing Association (2013) Company Limitsd by Guarantee Noto8 to the Flnanclal Ststsments (conthwd) Year ended 31 December 2023 14. Debto 2022 Trade debtors PropayTnents and a¢xruèd Income 130 2.164 2.490 2,490 15. Cr•dltoYs: amounts falllng duè withln ono ygar 2023 2022 Trade creditor8 Accruals and deferred Nicome 6.963 9,621 1.495 6.743 11,116 16. Analysi$ of ¢h•ritabl* funds Unre8trlcted funds At 31 Decembèr 2023 At 1 January 2023 Income Expendriure General fun(ts 53.311 20.458 {18,3491 66.420 Al 31 December 2022 At 1 January 2022 Income Expenditwe General fvnds 36,581 35.144 118,414) 53,311 Restricted funds At 31 Dgcember 2023 1 January 2023 Irwmg Exp8ndilure Boat fund 35,425 16,258} 29,167 31 Dgcomber 2022 l January 2022 Income Expenditure Boat fund 38,737 1,300 14,6121 35,425 The wstricted fiJnd rèpresents fiJrbds spKifically rgceivgd for thfr purpose of r9nthThJ and extendirvJ the Sailing fleet and equipment -14-
Somerset Youth & Community Sailing Association (2013) Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 17. Anaty81$ of not assets b•tWo•n fund8 Unrestricted Funds Restrlcaed Total Funds Funds 2023 Tangitle fixed a558ts Current assets Cre(filors les5 than 1 year Net ¥ets 15,963 39,907 {4501 55,420 35,460 51.423 39.907 {6.743) 84,587 (6,293) 29,167 Unreslrided Funds Rostricted T(*al Funds Funds 2022 Tgi18 fed assets Cuffent assets Creditors les8 than 1 year Net a880ts 12.896 45,237 14,8221 53.311 41.719 54,615 45,237 {11,116) 88.736 16,294} 35,425 1& Related parti•s There were no related paty transactions durfng the ar. 15-
Somerset Youth & Community Sailing Association (2013) Company Llmlted by Guarantee Management InfOrniaOn Year ended 31 December 2023 The followlng pages do not forni part of the flnanclal statsm•nt& 16-
Somerset Youth & Community Sailing Assoclatlon (2013) Company Llmltsd by Guarantee Detalled Ststsment of Financial Activitios Year ended 31 Dec8mb8r 2023 2023 2022 Income and endoTAm•nts Donations and Iggaclos Sedgemoor Di$lriGI Council RYA Foundatlon Groundwork UK Lal dcffiallons 2,500 3,097 1,000 400 6.997 Charltable actlvlths Powerbgat courses ourses fees Saturday dub 8oal hire Sth¢xJl groups and outdoor education 8,760 2,220 4.421 2.292 17,010 2,771 6.218 793 2.580 29,372 20,017 Invtment Income Bank intere8t receivable 441 75 Total income Expandfturè Expendliure on charftable activities Repairs and maintenance Insurance Motor vehide expenses Other mototltravel costs Legal and professlonal fees Other offKe costs Deweciation Volunteer expenses DUrIgh S.C. Membership Galley eXndItUre 3.944 3.933 4,704 3,789 162 840 268 8.192 1,446 4.614 92S e,888 1.271 3.242 545 24607 23.026 Total expendlture 24,607 23.026 Net lexp•nditureifiTrcom8 14,1491 13,418 17.
Somerset Youth & Communlty Sailing Association (2013) Company Llmlted by Guarantee Not•s to the Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Expèndltur8 on charttablg aGt5vlllg5 Powarboat courses Support costs Powerboat cours&s- repairs menanCe Powerboat urSe$ - insurance Powerboat courses . fuel Pv•verboat courses- accountancy fees Pthverboat courses- olh8r offic8 costs Powerboat courses- deweciation Powerboat ccurses- volunteer expense8 1,724 1,719 2,724 2,194 559 418 414 3,989 970 367 117 3.581 416 8.329 11.288 Courne fees Support costs Course fees- repairs and malntenance Course fees- insur8nce Course fees - course exrenses Course fees- accountancy fees Course fees- other office costs Course fees- depreciation Course fees- vOnteer exp985 437 357 152 93 68 331 650 831 2.888 1,850 Saturday club Support costs Saturday club- repairs and mainlenanr Saturday club- insurance Saturday club- motor vehide expenses Saturday chJb- accountsncy fees Saturday chJb- other office costs Saturday ¢b- depreualion Saturday tb- galley experKliture 871 802 383 152 148 1,458 545 228 69 4,706 18-
Somerset Youth & Community Sailing Association (2013) Company Llrnlted by Guarantee Notes to the Detalled Ststement of Flnanclal Activ5ties (conOnu• Year ended 31 December 2023 2023 2022 Boat hlTg Support Boat hir8- rapairs and mainknance Boat hre- insurance Boat ha- accoLmtancy feès Boat hire- olhgr office wsts Boat hire- depreciats'on 452 450 98 31 938 127 102 19 1,969 442 tdoor educatlon and schools Support costs Outdoor education and schools- rep8lr¥ 8nd m$intenance Outdoor education and schools- insurance Ouldcor educats'on aTrJ schools- accountsncy fe8S Outdoor education atvj schocls- office costs Outdoor education and 8chods- depreci8b.on 460 459 96 31 956 413 334 63 24 605 2.001 1,439 Instructors tralnlng week Support costs Instruct trakning week- volunteer expen58s Durlelgh S.C. m8mbershlp Support costs Subscrlptions RYA affiliation sUppt costs subscript$ 200 301 3.094 310 Exponditurn on charltsblg a¢tlvltl8$ 24,607 23,026 19-