Annual Receipts and Payment Accounts 24-25 ## **NEW FOREST SAILABILITY** **Charity No: 1210484** **Annual Accounts for the period 15 October 2024 to 31 October 2025** ## **RECEIPTS AND PAYMENT ACCOUNTS** ||**31.10.25**
**Period**
**ended**
Unrestricted
Funds|**Y/E**
**14.10.24**| |---|---|---| |||Unrestricted
Funds| |**Receipts**||| |NFS Membership subscriptions [note 2]
Sailors Annual subscriptions [note 3]
Daily Sailing fees
Refreshments
Hansa TT/ Nationals
Clothing sales
Fund raising (net income)
Training courses
Bank interest
Unrestricted donations
**Sub total (Gross income)**
**Asset Sales**
Boats and Equipment
Sub total
**Total Receipts**
25thAnniversary and Christmas lunch deposits [note 4]|270|0| ||1,863
8,660
680
403
592
115
83
2,715
235
338
15,953
0
0
15,953|0
0
0
0
0
0
0
0
0
0| |||0| |||0| |||0| |||| |||0| Page 1 Annual Receipts and Payment Accounts 24-25 ## **Payments** |Equipment
Repairs & maintenance
Safety boat
Spinnaker Club membership fee
Membership fees
Insurance
Refreshments
Training Expenses
25th Anniversary lunch
Administration expenses
Race Team expenses
Carnival costs
Card payment charges
**Asset Purchases**
New boats and equipment
**Sub total**
**Total Payments**
Transfer of funds from NFDC
**Net Receipts / Payments**
**Cash funds last year**
Total Cash Funds|60
1,019
198
0
170
0
45
375
1,325
131
24
83
242
3,672
0
0
3,672
56,930
69,211
0
69,211|0
0
0
0
0
0
0
0
0
0
0
0
0| |---|---|---| |||0| |||0| |||0| |||| |||0| |||| |||0| |||| |||0| |||0| |||0| Page 2 Annual Accounts Assets and Liabili�es 24-25 **NEW FOREST SAILABILITY Charity No: 1210484 Annual Accounts for the period 15 October 2024 to 31 October 2025** ## **Statement of Assets and Liabilities at the end of the Period** |**Cash Funds**
National Westminster Bank Business Current Account
National Westminster Bank Business Reserve Account
National Westminster Bank Liquidity Manager 35 Day Notice Account
**Assets Retained for the Charity’s own use**
Boats, trailers, hoists, pontoons etc
Note 1
General equipment, spares and life jackets
**Liabilities**
None|1,976
4,003
63,232
69,211
41,700
1,745
43,445
0
**Period ended**
**31.10.2025**|**Y/E 15.10.24**
0
0
0| |---|---|---| |||0| |||0
0| |||0| |||| |||0| Page 1 Accounts Notes 2024-25 ## **NEW FOREST SAILABILITY** **Charity No: 1210484 Annual Accounts for the period 15 October 2024 to 31 October 2025** ## **NOTES** |1|**FIXED ASSETS**|**Estimated Value**| |---|---|---| |||**At 31.10.25**| ||**Access 2.3**|2| ||**Hansa 303**|11,235| ||**Int 2.4**|2| ||**Safety boat - Jaffa**|3,865| ||**Safety boat - Tango**|13,214| ||**Trailers & trolleys**|328| ||**Hoists**|2| ||**Pontoons**|13,051| ||**Shed**|1| ||**Total**|41,700| ## **2 NFS Membership subscriptions** The annual subscriptions paid by the Volunteers who are voting members of New Forest Sailability ## **3 Sailors Annual subscriptions** The annual subscriptions paid by the Sailors who sail with New Forest Sailability ## **4 Lunches** |Deposits for Christmas Lunches December 2025
Combined deposits received in period to 31.10.25
Deposits for 25thAnniversary Lunch 2025|£1,275.00
£1,440.00| |---|---| ||£2,715.00| Page 1 Accounts Notes 2024-25 ## 5 **Designated Funds** The Trustees have concluded that it is prudent to designate funds to provide for the replacement of both power boats and both of the pontoons when they reach the end of their useful lives. ## a **Pioner Safety Boat – "Jaffa"** The current cost of replacing the power boat is in the region of £23,000 and it’s engine is £10,000 A reserve of £10.000 has been made towards their replacement ## b **Pioner Safety Boat – "Tango"** The second Pioner Multi "Tango" was aquired early in 2019 and the current cost of replacement of the power boat is in the region of £23,000 and the engine £10.000. This power boat should last around 20 years and its motor may need replacing in the next few years. A reserve of £10,000 been made toward the cost of their replacement. ## c **Pontoons** We are advised that the pontoons should last around 20 years. The main pontoon was purchased around 2005 The extension to the main pontoon was purchased in 2015 The launch pontoon was purchased in 2018 A reserve of £15,000 has been made toward the repair or replacement of the pontoons. ## d **Summary of Designated Funds** |Pioner Safety Boat – "Jaffa"
Pioner Safety Boat – "Tango"
Pontoons
Total Designated Funds|£
10,000
10,000
15,000| |---|---| ||35,000| Page 2 ## **NEW FOREST SAILABILITY** Charity No: 1210484 Annual Accounts for the period 15 October 2024 to 31 October 2025 ## **TRUSTEES' REPORT** ## **Organisational structure:** New Forest Sailability (NFS) was registered by the Charity Commission of England and Wales on 15th October 2024 and is a Charitable Incorporated Organisation governed by its constitution and administered by the trustees. It has taken over the operation of all the activities previously carried on by New Forest and District Sailability. ## **Charity's objectives and activities:** To provide and assist in the provision of sailing and other water based activities in Hampshire and the surrounding area for people with disabilities and mental health conditions in the interests of social welfare and with the object of improving the condition of their lives. The charity's activities towards this objective are the provision of dinghy sailing on two days a week during the sailing season of April to October. These activities normally include sailing instruction for beginners and advanced sailors, skipper led sails, assistance with taking part in competitive races and trips for sailors in one of the power boats, all within the safe confines of the lake on the edge of the New Forest. In addition, the charity provides dinghies and assistance to member sailors to enable them to take part in competitive races at other Sailability centres. ## **Achievements and performance** This year we were able to run normal sailing activities throughout the whole season. Our sailor and volunteer numbers have remained similar to last year. The trustees have continued to try to attract new sailors and volunteers. We held a National Hansa TT event in May this year and, with the help of many of our volunteers, this was an extremely successful and enjoyable event. We also held a lunch for our sailors and volunteers to celebrate the 25[th] Anniversary of the formation of New Forest and District Sailability. ## **Financial Review** This is the first year of operation for New Forest Sailability. NFS received a transfer from New Forest and District Sailability on 2nd August 2025 of £56,930 cash and fixed assets valued at £43,445 which included all their dinghies and power boats, both pontoons, the shed and all their sailing equipment. The daily sailing fee and membership subscription remained unchanged. Total receipts amounted to £15,953. Adding the NFDS receipts of £3,308 gives combined 2024-25 receipts for both charities of £19,261 compared with £20,936 for the previous financial year. This decrease resulted mainly from a reduction in donations, membership subscriptions and sailing fees received. The unrestricted cash funds on 31st October 2025 amounted to £69,211 There is a fund designated for the specific purpose of the replacement of the existing power boats and the main pontoon and landing pontoon when they reach the end of their useful lives. It is anticipated that this expenditure will be in approximately 5 – 15 years time. More details are set out in the notes to these accounts. ## **Recruitment and appointment of new Trustees:** Whilst one-third of trustees are required to retire each year, all of those currently retiring have indicated their willingness to be reappointed and it is expected that all the remaining trustees will stay in office for the forthcoming year. Potential new trustees are encouraged to apply for appointment at each AGM and, when relevant, the existing trustees carry out their training. ## **Public Benefit** In undertaking the activities of the last twelve months, the Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities should be undertaken. Through adherence to the objectives the charity has diligently and purposefully fulfilled its obligations. ## **DECLARATION** The trustees have approved the Trustees' Report above. ………………………………… ………………………………… Mr Malcolm Bentley Mr Andrew Holmes Date ……………………………