| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes tothe Accounts | 6 to 12 |
| DetailedStatement of Financial Activities | 13 to 14 |
| forthe yearended 30April 2 | 023 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Totalfunds | ||
| 2023 | 2023 | 2022 | ||
| Notes | ||||
| Income and endowments | ||||
| from: | ||||
| Donations and legacies | 3 | 1,340 | 1,340 | 3,485 |
| Other trading activities | 4 | 12,790 | 12,790 | 11,767 |
| Investments | 5 | 15,100 | 15,100 | 14,581 |
| Total | 29,230 | 29,230 | 29,833 | |
| Expenditure on: | ||||
| Raising funds | 6 | 338 | ||
| Other | 7 | 34,136 | 34,136 | 28,268 |
| Total | 34,136 | 34,136 | 28,606 | |
| Net losses on investments | (2,937) | (2,937) | (149) | |
| Net (expenditure)/income | 8 | (7,843) | (7,843) | 1,078 |
| Transfers between funds | ||||
| Net (expenditure)/income before other gains/(losses) |
(7,843) | (7,843) | 1,078 | |
| Other gains and losses | ||||
| Net movementin funds | (7,843) | (7,843) | 1,078 | |
| Reconciliation of funds: | ||||
| Totalfunds brought forward | 669,615 | 669,615 | 668,537 | |
| Total funds carried forward | 661,772 | 661,772 | 669,615 |
| Charity No. 301440 | 2023 | 2022 | |
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 10 | 468,108 | 468,662 |
| Investments | 11 | 136,900 | 139,837 |
| 605,008 | 608,499 | ||
| Current assets | |||
| Stocks | 12 | 300 | 300 |
| Debtors | 13 | 4,845 | 3,661 |
| Cash at bank and in hand | 51,619 | 58,647 | |
| 56,764 | 62,608 | ||
| Creditors: Amountfallingdue within one year | 14 | (1,492) | |
| Net current assets | 56,764 | 61,116 | |
| Total assets less current liabilities | 661,772 | 669,615 | |
| Net assets excluding pension asset or liability | 661,772 | 669,615 | |
| Total net assets | 661,772 | 669,615 | |
| The funds ofthe charity | |||
| Restrictedfunds | 15 | ||
| Unrestricted funds | 15 | ||
| General funds | 661,772 | 669,615 | |
| 661,772 | 669,615 | ||
| Reserves | 15 | ||
| Total funds | 661,772 | 669,615 |
| Fund accounting | |
|---|---|
| Unrestrictedfunds | These are available for use atthe discretion ofthe trusteesinfurtherance ofthe |
| general objects of the charity. | |
| Designated funds | These are unrestricted funds earmarked bythe trustees for particular purposes. |
| Revaluation funds | These are unrestricted fundswhich include a revaluation reserve representingthe |
| restatement of investment assets at their market values. | |
| Restricted funds | These are available for use subject to restrictions imposed by the donor orthrough |
| terms of an appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SOFA) when the charity |
| income | becomesentitled to, and virtually certain to receive, the income and the amount of |
| the income can be measuredwith sufficient reliability. | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received byway of grants, donations and gifts is included in the |
| legacies | the SOFAwhen receivable and only when the Charity has unconditional entitlement |
| to the income. | |
| Tax reclaims on | Income from tax reclaims is included inthe SOFAat the sametime asthe |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
| and facilities | where the benefit tothe Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value ofany volunteer help received is not included inthe accounts. |
| Investment income | This is included inthe accounts when receivable. |
| Gains/(losses) on | This includes any gain or loss resulting from revaluing investments to market value |
| revaluation offixed | at the end ofthe year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on the sale ofinvestments. |
| investment assets |
| 2 Statement of Financial Activities - prior year |
||
|---|---|---|
| Unrestricted | ||
| funds | Totalfunds | |
| 2022 | 2022 | |
| Income and endowments from: | ||
| Donations and legacies | 3,485 | 3,485 |
| Other tradingactivities | 11,767 | 11,767 |
| Investments | 14,581 | 14,581 |
| Total | 29,833 | 29,833 |
| Expenditure on: | ||
| Raising funds | 338 | 338 |
| Other | 28,268 | 28,268 |
| Total | 28,606 | 28,606 |
| Net gains on investments | (149) | (149) |
| Net income | 1,078 | 1,078 |
| Net income before other | ||
| gains/(losses) | 1,078 | 1,078 |
| Other gains and losses: | ||
| Net movementin funds | 1,078 | 1,078 |
| Reconciliation of funds: | ||
| Totalfundsbrought forward | 668,537 | 668,537 |
| Totalfunds carried forward | 669,615 | 669,615 |
| 3 | Income from donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Gifts and donations | 1,340 | 1,340 | 485 | |
| Grants | 3,000 | |||
| 1,340 | 1,340 | 3,485 | ||
| 4 | Income from other trading activities | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | ||||
| Course fees | 9,283 | 9,283 | 7,150 | |
| Room hire | 2,201 | 2,201 | 2,818 | |
| Moorings | 968 | 968 | 1,342 | |
| Sundry income | 338 | 338 | 457 | |
| 12,790 | 12,790 | 11,767 |
| 5 | Income from investments | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| E | E | |||
| Fixed asset investment | ||||
| income | 4,801 | 4,801 | 4,379 | |
| Deposit accountinterest | 59 | 59 | 2 | |
| Rents received | 10,240 | 10,240 | 10,200 | |
| 15,100 | 15,100 | 14,581 | ||
| 6 | Expenditureon raising funds | |||
| Total | Total | |||
| 2023 | 2022 | |||
| E | ||||
| Costsofgenerating voluntary | ||||
| income | ||||
| Gifts and donations | 338 | |||
| 338 | ||||
| 7 | Otherexpenditure | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| instructors' fees | 3,600 | 3,600 | 8,664 | |
| RYA and other materials | 3,635 | 3,635 | 1,552 | |
| Advertising and website | 533 | 533 | 338 | |
| Employee costs | 2,341 | 2,341 | 1,536 | |
| Premises costs | 15,920 | 15,920 | 5,757 | |
| Amortisation, depreciation, | ||||
| impairment, profit/loss on | 554 | 554 | 669 | |
| disposal of fixed assets | ||||
| General administrativecosts | 7,235 | 7,235 | 9,452 | |
| Legal and professional costs | 318 | 318 | 300 | |
| 34,136 | 34,136 | 28,268 | ||
| 8 | Net (expenditure)/income beforetransfers | |||
| 2023 | 2022 | |||
| This is stated after charging: | ||||
| Depreciation of owned fixed assets | 554 | 669 | ||
| 9 | Staffcosts | |||
| 2023 | 2022 | |||
| Salaries and wages | 2,341 | 1,536 | ||
| 2,341 | 1,536 | |||
| No employee received emoluments in excess ofE60,000. |
| 10 | Tangiblefixed assets | |||
|---|---|---|---|---|
| Fixtures, | ||||
| Land and | ||||
| buildings | fittings and equipment |
Total | ||
| Cost or revaluation | ||||
| At 1 May 2022 | 465,270 | 8,102 | 473,372 | |
| At 30 April 2023 | 465,270 | 8,102 | 473,372 | |
| Depreciation and | ||||
| impairment | ||||
| At 1 May 2022 | 4,710 | 4,710 | ||
| Depreciation charge for the | 554 | 554 | ||
| year | ||||
| At 30 April 2023 | 5,264 | 5,264 | ||
| Net bookvalues | ||||
| At 30 April 2023 | 465,270 | 2,838 | 468,108 | |
| At 30 April 2022 | 465,270 | 3,392 | 468,662 | |
| 11 | Investments | |||
| Other | ||||
| investments | ||||
| - Unlisted | Total | |||
| Cost orrevaluation | ||||
| At 1 May 2022 | 139,837 | 139,837 | ||
| Revaluation | (2,937) | (2,937) | ||
| At 30 April 2023 | 136,900 | 136,900 | ||
| Net bookvalues | ||||
| At 30 April 2023 | 136,900 | 136,900 | ||
| At 30 April 2022 | 139,837 | 139,837 | ||
| 12 | Stocks | |||
| 2023 | 2022 | |||
| Raw materials and consumables | 300 | 300 | ||
| 300 | 300 | |||
| Carrying value analysed by activities | 2023 | 2022 | ||
| Sundry income | 300 | 300 | ||
| 300 | 300 | |||
| 13 | Debtors | |||
| 2023 | 2022 | |||
| Otherdebtors | 500 | 1,350 | ||
| Prepayments and accrued income | 4,345 | 2,311 | ||
| 4,845 | 3,661 |
| 14 | Creditors: | ||||
|---|---|---|---|---|---|
| amounts falling due within one year | |||||
| 2023 | 2022 | ||||
| E | |||||
| Othercreditors | 1,492 | ||||
| 1,492 | |||||
| 15 | Movement in funds | ||||
| Incoming | |||||
| resources | |||||
| (including | Resources | At 30 April | |||
| other | expended | 2023 | |||
| At 1 May | gains/losses | ||||
| 2022 | |||||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 669,615 | 26,293 | (34,136) | 661,772 | |
| Totalfunds | 669,615 | 26,293 | (34,136) | 661,772 | |
| 16 | Analysis ofnet assets betweenfunds | ||||
| Unrestricted | Total | ||||
| funds | |||||
| Fixed assets | 468,108 | 468,108 | |||
| Investments | 136,900 | 136,900 | |||
| Net current assets | 56,764 | 56,764 | |||
| 661,772 | 661,772 | ||||
| 17 | Reconciliation ofnet debt | ||||
| At 1 May | At 30 April | ||||
| 2022 | Cash flows | 2023 | |||
| Cash and cash equivalents | 58,647 | (7,028) | 51,619 | ||
| 58,647 | (7,028) | 51,619 | |||
| Net debt | 58,647 | (7,028) | 51,619 |
| forthe yearended 30April 2023 | |||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | Totalfunds | |
| 2023 | 2023 | 2022 | |
| Income and endowments from: | |||
| Donations and legacies | |||
| Gifts and donations | 1,340 | 1,340 | 485 |
| Grants | 3,000 | ||
| 1,340 | 1,340 | 3,485 | |
| Other tradingactivities | |||
| Course fees | 9,283 | 9,283 | 7,150 |
| Room hire | 2,201 | 2,201 | 2,818 |
| Moorings | 968 | 968 | 1,342 |
| Sundry income | 338 | 338 | 457 |
| 12,790 | 12,790 | 11,767 | |
| Investments | |||
| Fixed asset investment income | 4,801 | 4,801 | 4,379 |
| Deposit accountinterest | 59 | 59 | 2 |
| Rents received | 10,240 | 10,240 | 10,200 |
| 15,100 | 15,100 | 14,581 | |
| Totalincome and endowments | 29,230 | 29,230 | 29,833 |
| Expenditure on: | |||
| Costs ofgenerating donations and | |||
| legacies | |||
| Gifts and donations | 338 | ||
| 338 | |||
| Total of expenditure onraising funds |
338 | ||
| Otherexpenditure | |||
| Instructors' fees | 3,600 | 3,600 | 8,664 |
| RYA and other materials | 3,635 | 3,635 | 1,552 |
| Advertising and website | 533 | 533 | 338 |
| 7,768 | 7,768 | 10,554 | |
| Employee costs | |||
| Salaries/wages | 2,341 | 2,341 | 1,536 |
| 2,341 | 2,341 | 1,536 | |
| Premises costs | |||
| Rates | 1,640 | 1,640 | 1,740 |
| Light, heat and power | 2,264 | 2,264 | 797 |
| Premises cleaning | 500 | 500 | 403 |
| Premises repairs and | |||
| maintenance | 11,307 | 11,307 | 2,817 |
| Other premises costs | 209 | 209 |
| 15,920 | 15,920 | 5,757 | |
|---|---|---|---|
| General administrative costs, | |||
| including depreciation and | |||
| amortisation | |||
| Depreciation of Fixtures, fittings | 554 | 554 | 669 |
| and equipment | |||
| Equipment repairs and maintenance |
1,412 | 1,412 | 3,498 |
| General insurances | 4,395 | 4,395 | 4,619 |
| Stationery and printing | 360 | 360 | 11 |
| Sundry expenses | 531 | 531 | 476 |
| Telephone, fax and broadband | 537 | 537 | 848 |
| 7,789 | 7,789 | 10,121 | |
| Legal and professional costs | |||
| Audit/lndependent examination | |||
| fees | 318 | 318 | 300 |
| 318 | 318 | 300 | |
| Total of expenditure of othercosts | 34,136 | 34,136 | 28,268 |
| Totalexpenditure | 34,136 | 34,136 | 28,606 |
| Net gains on investments | (2,937) | (2,937) | (149) |
| Net (expenditure)/income | (7,843) | (7,843) | 1,078 |
| Net (expenditure)/income before othergains/(losses) |
(7,843) | (7,843) | 1,078 |
| OtherGains | |||
| Net movementin funds | (7,843) | (7,843) | 1,078 |
| Reconciliationoffunds: | |||
| Totalfunds brought forward | 669,615 | 669,615 | 668,537 |
| Totalfundscarried forward | 661,772 | 661,772 | 669,615 |