Oxford Sail Tralning Trust Registered Charity No.: 900436 Flnal Accounts for the year ended 31•t December 2025
Oxford Sail Training Trust Contents Reforen¢e and Admlnlslrativo Report Trusl&?s' Report Indepènd•nl ExAmln•rf8 Rfyport Slatomont ol Flnanclal Aclivlties Balance Sheet Nol•8 to ihe huovnts 10-14
Oxford Sail Training Trust Reference and Administrative Report Tru5te•s: Karen Gosford (Rèsigned in 20251 Simon Holchin (Resigned in 20251 Paul Kearns {Resigned in 20251 Julian Pearson Jeremy Sharp (Appolnted 20-Jan-20261 George Simmonds Edward Thorne Jam85 Winkley (Rasigned in 2025} JulSan Wale (Appointed 01-Apr-2025) R•glsternd Offlce: Oxford Sail Training Trust Oxford Sailing Club Cumnor Road F8rmoor Oxford OX2 9NS Ind•p•nd•nt Ex8mlner. Harflson Butler MAAT SYAN Accounting 1 Lady Place Abingdon OX14 4F8 8ank•rn: CAF 8ank Limilgd 25 Kings Hill Avenue Kings Hill We$t Malllng Kenl ME194JQ
Oxford Sail Training Trust Trustees, Report for the year ended 31 St December 2025 General Booking levels during 2025 remained broadly consist8nt with those achieved in 2024. resulting in a modest increase in totsl income for the year. Expenditure increased during the year as a result of investment in a new booking management system. Sailia. which was introduced in the autumn, The system includes a redesigned customer-facing website and is widely used by watersports centres across the UK. The Trustees expect this investment to significantly enhance the customer experience through a more modem online presence. streamlined booking processes and improved accessibility. In conjunction with the implementation of Sailia, the Trust engaged specialist support to improve its online visibility and search engine performance. This work is intended to ensure that Oxford Sail Training Trust appears prominently in relevant online searches, thereby increasing awareness of the Trust and supporting future growth in bookings and participation. Operations The Trust continued to ben&fit from a strong pool of casual instructors who supplemented the work of the three full-time members of staff during periods of peak demand. The highly regarded Young Leaders Programme continued to be successful. attractlng 52 applicants during the year, of whom 38 were selected to participate. The programme remains an important pathway for developing future instructors and supporting the long-temi sustainability of the Trust's activities. The Trust also deliVed a Senior Instructor course during the year. Five instructors from the Trust participated alongside Iwo extemal instructors. This reflected the Trust's ongoing commitment to the training and professional development of its instructor team, many of whom have progressed through the Young Leaders Programme. The Trust's charitable outreach programme with state schools continued to expand during 2025. For the first time, participation from state schools exceeded that of independent schools, representing a significant milestone in broadening access to watersports and outdoor learning opportunities. New Events, Courses and Activltles The Trust introduced several new events, courses and activities during the year. The inaugural Oxford Sail Training Trust Regatta was held during the summer and proved to be highly successful. The Trustees intend forthis eventto become an annual fixture within the Trust's programme. The year also saw the affiliation of Oxford Sailability to the Trust. As part of the Royal Yachting Association's national Sailability programme, this initiative enables people with disabilities to participate in sailing activities. The Trustees welcome this development as an important step in furthering the Trust's commitment to inclusivity and widening participation. Additional courses and activities introduced during the year included: Wing Foiling courses, supported by two full-time Senior Instructors who qualified as Wing Foil Instructors.
Oxford Sail Training Trust Trustees, Report (continued) for the year ended 31st December 2025 Summer Multi-Activity Wing Foiling courses. Aquanauts activities (A junior watersports activity week). Family Paddling sessions. Replacement of Equipment The Trust is committed to providing participants with modern, safe and well-fflaintained equipment across all courses and activities. Maintaining a high-quality fleet remains one of the Trust's key strengths and contributes significantly to the participant experience. The Trust operates an ongoing equipment replacement programme under which older equipment is sold and replaced in accordance with a planned schedule. During 2025. the following equipment was replaced: Nine stsnd-up paddleboards (SUPS). Three wing foiling boards and twelve wings. One rigid inflatable boat (RIB). Public Benefit The Trustees have had due regard to the Charity Commission's guidance on public benefit when planning and reviewing the Trust's activities. The Trust's principal objective is to provide opportunities for people of all ages and backgrounds to participate in sailing, paddlesports and related outdoor activities. while developing confidence, leadership skills and an appreciation of the natural environment. Throughout 2025, the Trust continued to deliver a broad programme of training, recreational activities and educational opportunities designed to make watersports accessible to as wide a range of participants as possible. Particular emphasis was placed on supporting young people through the Young Leaders Programme, expanding participation among state schools. and increasing accessibility through the affiliation of Oxford Sailability. The Trustees believe these activities provide significant public benefit by promoting physical and mental w811b8ing, personal development. inclusion, teamwork and community engagement. The growth in participation from state schools during the year represents an important step towards broadening access to the Trust's activities and ensuring that opportunities are available regardless of educational background or personal circumstances. Trustees A number of Trustees retired from the Board during the year. The Trustees would like to record their appreciation for the valuable contribution and service provided by those retiring Trustees. The Board is actively seeking to recruit new Trustees with a range of skills and experien to support the continued development and strategic direction of the Trust.
Oxford Sail Training Trust Trustees, Report (continued) for the year ended 31st December 2025 Financial Review The Trust's financial statements for the year ended 31 D8cember 2025 have been independently examinedlaudited and are presented with this report. The Trustees are satisfied that the Trust remains financially stable and well placed to continue delivering its charitable objectives. Going forward there will be a focus on reducing cost and increasing income to ensure we generate a modest surplus, enabling us to further invest and broaden the Trusts activities. The financial ststements will be submitted to the Charity Commission following approval by the members at the Annual General Meeting. Chalm7an Jullan Wale ¥r4e . 2026
Oxford Sail Training Trust Independent Examinerfs Report to the Trustees of Oxford Sail Training Trust I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 St December 2025, which comprise the statement of financial activities, the balance sheet and notes 1 to 9. Responsibilities and basis of report As the Charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {Yhe Act')- I report in respect of my examination ofthe charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioners under section 145{5)(b) of the Act. Independent Examiners Statement I have complated my examination. I confimi that no rnaterial 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 charity as required by section 130 of the Act., or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements conceming 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 concems 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. Harrison Butler MAAT SYAN Accounting Abingdon OX14 4FB 14th June 2026
Charity number: 900436 Oxford Sail Training Trust Statement of Financial Activities for the year ended 31st December 2025 Unrnitrlct•d Total Total 2025 2024 Note¥ Incom• Charitable actIvit$ 2a 366,326 334,006 Investments 2b 150 2,799 Total Incomo 366,476 336,806 Expendlturn Charitsble activities 38 432.148 386,420 Total Exp•ndSture 432,148 386.420 Not Mov•m•nt In Fund8 65,672 49,614 Reconclllatlon of Fund• Total funds brought forward al 1st January 2025 Total funds carried lorward a131 sl December 2025 396,191 445.805 330,519 396.191
Charity number: 900436 Oxford Sail Training Trust Balance Sheet for the year ended 31st December 2025 2025 2024 Not• Flxèd Ai*eti Tanglble red asselg 72,892 101,307 Curr•nt As••t8 Debtors Cash al bank and In hand 25,602 240,880 30.133 277.173 Llabllltl•s.' Amounts Falllng Du• Wlthln On• Y••r 12.422 N•t Currnnt As#•ti 257.627 294.883 N•t As8•t• 330,519 396,191 Fund• Unreslricled 330.519 330.519 396.191 396.191
Oxford Sail Trainlng Trust Notes to the Accounts for Ihe year ended 31st De¢ember 2025 1 Accounting policies 1.1 Basis of Preparatlon The accounts have been prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as cash is received or paid. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing theiraccounts in accordants with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charitys ability to continue as a going concern. 1.2 Income Income is recognised in the accounts when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Income from donations and legacies consists of donations from exogenous entities Income from charitable activitias consists of funds raised through the provision of sail training and boats for hire. Income from investment consists of interest on savings. 1.3 Expenditure Expenditure is accounted for on an accruals basis and is recognised where there is a legal or constructive obligation to make payments to third parties. It is probable that the settlement will be required and the amount ofthe obligation can be measured reliably. Irrecoverable VAT is included with the relevant expens&. Costs of expenditure on charitable activities include those costs incurred in the provision of sail training. Governance costs include those costs associated with meeting the constitutiona5 and statutory requirements of the Charity. io-
Oxford Sall Trainlng Trust Notes to the Accounts {continued) for the year ended 31st December 2025 1.4 Depreciation Tangible fixed assets are stated at cost net of depreciation. Depreciation is calculated to write off the cost of tangible assets over their expected useful life. Boat equipment is depreciated at 20Yo on th8 Straight-line basis. Storage container assets are depreciated at 10 /0 on the straight-line basis 1.5 Tradè debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade deblors are recognised at the transaction price. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of receivables. 1.6 Trade credltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operation from suppliers. Accounts payabl@ are classified as current liabilities if the charity does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least 12 months after the reporting date. If there is an unconditional right to defer settlement for at least 12 months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price. 1.7 Funds Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objective. li-
Oxford Sail Training Trust Notes to the Accounts (continued) for the year ended 31 St December 2025 2a Income from charitable activities 2025 2024 Tralning 8nd fee income Boat hire income 366,206 120 366,326 332,536 1,470 334,006 2b Investment Income Deposlt account int8r8st 150 5,694 3a Cost of Charitsble Activities 2025 2024 F8cW feè Trolning and evonts Advertising 8nd market¥ig 8081 and equip maint. OffLe costs Rent and r8188 Insurancè Dgpr8CKglkJn Governance cos15 Inole 3b} staff costs (note 41 21,058 81,306 28,429 23,677 13,399 4,236 14,532 45,868 4,276 195,367 432,148 20,378 71,300 14,177 13,641 20,388 4,093 12,768 46.476 4.553 178,647 386,420 3b Governance Costs 2025 2024 Legal and professK)nal fees Independent examiners fee8 3,076 1,200 4,276 3,353 1,200 4,553 -12-
Oxford Sail Training Trust Notes to the Accounts (continued) for the year ended 31st Decomber 2025 4. Stsff Costs 2025 2024 Salarie$ and wages - gross Social se¢urty costs PensK)n 190,460 2.608 2.299 195.367 170.173 3,768 4,707 178.647 5. Tangible Flxed Assets storag• Contaln•rs Boat Equlpm•nt Summ8ry Cost As at 1st January 2025 Additions in the year As al 31st December 2025 13.336 2.158 15.494 307,561 15,294 322,855 320.897 17.452 338,348 D•prnclatlon As at 1st January 2025 Charge for the y88r A8 al 3181 Dgcember 2025 3.150 1,549 4,699 216,439 44,318 260,757 219.589 45,867 26S,4 N•t book valu8 As at 3181 DeCemr 2025 10,794 62,098 72,892 A8 at 3181 De¢&mbgr 2024 10,186 91,122 101,307 6. Debtors 2025 2024 Trad& debtors Pr8paymenis Other debtors 11,592 6.525 7,486 2S,602 11,211 11,154 7.768 30,133 13-
Oxford Sail Training Trust Notes to the AGcounts (Continued) for the year ended 31 st December 2025 7. Liabilitie5: amounts fallihg due within one year 2025 2024 Trade debtors Prepayments Othèr debtors 11,592 6,525 7,486 25,602 11,211 11.154 7.768 30,133 8. Trustees, remuneration Trustees received no emoluments or expenses in the year for performing duties as Trustees. 9. Related party transactions There were no related party transactions to disclose for the year. -14-