SPORTS FORUM FOR THE DISABLED
Sports Forum for the Disabled (Formerly known as The Phab Sports Forum)
## Registered Charity No. 900608
## TRUSTEES’ REPORT AND
## ACCOUNTS
## FOR THE YEAR ENDED
```
1
```
SPORTS FORUM FOR THE DISABLED
INDEX. Page
General Information Trustees’ Report Receipts and Payments Account 5 Statement of Assets and Liabilities 7 Notes to the Accounts
```
2
```
SPORTS FORUM FOR THE DISABLED
## GENERAL INFORMATION
CHARITY NUMBER: 900608 CHAIRMAN: Richard Monaghan TREASURER: Helen Levy SECRETARY: - TRUSTEES: Richard Monaghan Chairman David Creech (resigned December 2022) Mike Harmer Sally Hargrave Patricia Attrill (resigned December 2021) PRINCIPAL OFFICE: 30 Greenways Highcliffe Christchurch Dorset BH23 5BD BANKERS: CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ
```
3
```
SPORTS FORUM FOR THE DISABLED
## Trustees’ Report for the year ended 31 March 2023
## Constitution
The Charity is governed under a Constitution dated 25 April 1990, amended 16 May 2007, 8 September 2009 and subsequently on 13 January 2013. The general management of the Charity is vested in an Executive Committee elected at each Annual General Meeting.
## Objectives
The objectives of the Charity are set out in the Constitution and relate, in summary, to the provision of sports and sports facilities to disabled people. The Executive Committee directs and controls the running of the Charity and is elected annually at General Meetings in accordance with the Constitution.
## Review of the Year
Last year the season was dominated by the leak that developed at the starboard rear engine compartment of Knoticat which very nearly proved the end of the boat because we simply could not find where the leak was coming from. It was sufficiently bad that we could not ignore it.
The boat had to be taken out of service for an extended time on the slipway to try to locate the problem.
Eventually it was solved, but the only way to confirm it was fixed was to put the boat back in the water and start using it again. We were also confused by the fact that there was a considerable amount of rainwater getting into the area, but we are now sure that the problem has been fixed. We have installed a super bilge pump on that side as an insurance!
Unfortunately it was incredibly expensive in terms of money, psychological trauma for us and the loss of a large part of the sailing season.
At least we know now that Knoticat has had a proper refit, engine service etc. and is ready for the 2023 season.
We have recently been informed by the insurance company that because Knoticat is now over 50 years old, it will need a complete marine survey every five years instead of 10 years, and the irony is that if we had known sooner, this could have been completed in the long period when the boat was on the slipway…..now we have to take it out again in the Autumn or Spring just for the survey alone!
We would like to thank all our sponsors for the long term support which we have received, without which we would not have been able to carry on giving our disabled members and carers the opportunity to sail beautiful Poole Bay and the Jurassic Coast.
Our website is _www.knoticatsailing.org.uk_ .
Richard Monaghan (Chairman of Sports Forum for the Disabled)
```
4
```
SPORTS FORUM FOR THE DISABLED
Chairman........................................................Date.....................................................
```
5
```
SPORTS FORUM FOR THE DISABLED
## Receipts and Payments Account Year ended March 31[st] 2023
Receipts 2023. 2022 £ £ Gross Bank Interest 52 2 Wild Spirit and Friends - 156 Murphy Neumann Charity Trust - 500 Foyle Foundation - 5,000 Whirlwind Charitable Foundation 10,000 14,000 Alice Ellen Cooper Dene Foundation 5,000 - Cherries Community Fund 802 - Talbot Village Trust 5,000 - Valentine Charitable Trust 5,000 - Souter Charitable Trust 1,000 - Test (on new website) 9 - ______ ______ Total Receipts 26,863 19,658
```
6
```
SPORTS FORUM FOR THE DISABLED
## Receipts and Payments Account Year ended 31[st] March 2023
Payments 2023 2022 **£ £** Insurances 3,118 3,746 Sea Start premium 167 166 Repairs / Adaptations / Refurbishment 11,866 4,126 Boat – depreciation 3,800 3,800 Undercover and Ashore storage 534 571 Volunteer expenses - - Fuel Knoticat 262 201 Printing, Postage and Stationery 124 - Telephone 150 207 New website - 453 Sundries 2,559 100 Honorarium 2,000 1,250 Account fees 87 105 **Total Payments 24,667 14,725** Total (Deficit) / Surplus 2,196 4,933 Balance brought forward 36,036 31,103 Reserves Carried Forward **38,232 36,036**
```
7
```
SPORTS FORUM FOR THE DISABLED
## Balance Sheet as at 31[st] March 2023
**2023 2022 £ £ Fixed Assets (see note 6)** Freedom Boat – Knoticat 22,800 26,600 **Total 22,800 26,600 Current Assets** Bank balances: CAF cash 4,824 4,866 CAF Gold 10,608 4,570 **______ _____ Total Current Assets 15,432 9,436 Net Current Assets 15,432 9,436 Net Assets 38,232 36,036 Total Funds 38,232 36,036 (of which £22,800 is boat valuation)**
These accounts were approved by the Executive Committee on ……………… ……………….. 2023 and were signed on their behalf by;
## Trustee
## Trustee
```
8
```
SPORTS FORUM FOR THE DISABLED
1 Basis of Accounts Preparation
3
## Notes to the Accounts for the year ended 31 March 2023
These accounts have been prepared on a receipts and payments basis, as amended for the depreciation of fixed assets. These accounts are prepared in compliance with the Statement of Recommended Practice "Accounting and Reporting by Charities" published in 2005.
## 2 Income
Voluntary income is received in cash by way of donations and gifts and special fund raising events in the local area. All voluntary income is included in full in the Receipts and Payments account as soon as it is received.
## Interest Received
Bank and Building Society interest is included in the Receipts and Payments account when they are received.
## 4 Expenditure
All expenditure, other than that which has been capitalised, is included in the Receipts and Payments account.
## 5 Investments
All funds are held with CAF Bank and are disclosed as current assets.
## 6
## Fixed Assets
The boat owned by the Charity has been included in these accounts at cost less a charge for depreciation at 10% per annum on a straight line basis. The boat engines were depreciated over 5 years and were fully depreciated at 31 March 2006. The Knoticat boat improvements are depreciated on the remainder of the boat’s 10 year life, commencing on 1/4/19.
|
Cost
As at 01.04.22
Addition at valuation
As at 31.03.23
Depreciation
As at 01.04.22
Charge for year
As at 31.03.22
Net book value
31 March 2023
31 March 2022|“Knoticat”
Engines Improvements TOTAL
£
£
£
£
17,250
6,390
75,795
99,435
-
-
-
-|
|---|---|
||17,250
6,390
75,795
99,435|
||17,250
6,390
49,195
65,235
-
-
3,800
3,800|
||17,250
6,390
52,995
69,035|
||-
-
22,800
22,800|
||-
-
26,600
26,600|
Refurbishment costs between 2017 and 2019 totalled £ 119,421 . The boat was revalued at £38,000 as at 31 March 2019. This is being shown as a fixed asset, and depreciated over 10 years..
## 7
## Funds and Loan
The Boat fund is held exclusively for the purchase, refurbishment and maintenance of Knoticat for the enjoyment of disabled members of the Charity.
There are no restricted funds.
The loan from Talbot Village Trust was repaid in 2022.
```
9
```