||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|





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|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<br>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|





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|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|



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|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||





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|2<br>Statement of Financial Activities<br>- 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|





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|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.||||





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|10|Tangiblefixed assets||||
|---|---|---|---|---|
||||Fixtures,||
|||Land and|||
|||buildings|fittings and<br>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|





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|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|





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|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<br>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<br>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<br>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|