Toward Seasports Club (SCIO) (Formerly Toward Sailing Club (SCIO))
Scottish Charity No - SC045012
Annual Report and Financial Statements
for the year ended 30 September 2025
Page 1
. Trustees’ Annual Report for the year ended 30 September 2025
The Trustees have pleasure in presenting their report together with the financial statements for the above period.
Reference and Administrative Information
Charity Name
Toward Seasports Club (SCIO) (Formerly Toward Sailing Club (SCIO))
The change of name was agreed by the Members at the AGM held on 11 March 2021 and subsequently approved by OSCR.
Charity No. $C045012
Address The Clubhouse, Toward, By Dunoon, PA23 7UG
Current Trustees Commodore Gill Judd Vice-Commodore Kev Keenan Secretary lan Royle Treasurer Alasdair Finlay “Other” trustees John MacLeod Duncan Freeman Fiona McLean Appointed 28 November 2024 Scott Mathieson Appointed 28 November 2024 Liz Mylod Appointed 28 November 2024 John Vinson Appointed 28 November 2024 Other Trustees who served during the period Martin Anstess resigned 28 November 2024 Lesley Mackay resigned 28 November 2024 Dale Martin resigned 28 November 2024 Fiona Mackay resigned 28 November 2024 Structure, Governance and Management Constitution The Charity is a Scottish Charitable Incorporated Organisation (SCIO) with a two-tiera whereby the Trustees are elected from the wider membership. It was registered in its current legal form on 23 July 2014 and operates under its 2014 Constitution, as amended. The paris was previously an unincorporated association, and the assets of that association were trans rred to the SCIO on the 1 October 2014.
Appointment of Trustees
The charity Trustees constitute the Board of Trustees, which normally meets monthly. Membership of the Board is open to all voting members of the Club (ie. Full member; a parent/carer who has Family membership and their children of age 16 or over, a Life member, or an Honorary membér) Trustees are elected at the annual general meeting which is normally held in November, There must be a minimum of six and a maximum of ten trustees (“Other” Trustees are elected for a three-year term). At each AGM, the Vice-Commodore, Secretary, Treasurer and Other Trustees who ies allan a three-year term or were appointed by the Board to fill a vacancy in that term, retire. Th Commodore retires at every second AGM. All retiring Trustees may be re-elected.
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Trustees’ Annual Report (continued) for the year ended 30 September 2025
Objectives and Activities
Charitable objects
To facilitate and encourage community participation in healthy recreation by the provision of facilities for the sport of amateur boating in all its forms. To promote safety when boating, provide boating training and education for the community and visitors, encourage and promote good sportsmanship in the sport of boating and promote respect and care of the marine environment. To support community development and cohesion in Cowal.
Activities Throughout the boating season, the charity runs training courses in dinghy sailing on Monday and Wednesday evenings, sail racing on Thursday evenings, beginners’ sea kayaking on Friday evenings and intermediate paddling on Thursday evenings. It also organises sailing races in an Open annual sailing regatta weekend, a kayaking "Paddle Weekend" and keelboat cruising. Kayak training will continue during the coming winter at the local swimming pool after work is completed. For these activities, the charity provides sailing dinghies, kayaks and three safety boats, enabling participation without the need for members to acquire their own vessels. The charity pays course fors for the qualification of the trainers, who are all volunteers. A number of members are again naw working towards the necessary qualifications to become trainers, and this bodes well for the future. The charity provides, for members, storage facilities for many types of boats and moorings for keelboats and motorboats. Various social and community events, including first aid courses, are also held throughout the year. Achievements and Performance Membership numbers are reasonably stable. There has been an increase in boats which easily launch and are stored ashore. Larger boats continue to be lifted out by the club travel hoist for winter storage. The larger boats are now far easier to access as they are now stored ‘herring bone’ fashion, in the enlarged compound, rather than being squeezed in as before. In June the club hosted a very successful Regatta, resulting in several new membership applications and an overall monetary profit being made. Thehas comeclub continues to fruition.toThelook protected to the future slipwayand intoits long-term the harbourgoal hasof operating been in useentirely now for from thteejits own yearssite and has proved popular with members and visitors alike. The travel hoist purchased in 2021| from Rhyl Harbour has been refurbished and a maintenance programme is in place. There are now nine members trained in its use and nine trained in the use of the derrick used for removal a replacement of masts. Both the travel hoist and derrick are professionally LOLER inspe¢ted each year. These developments now enable members to launch and professionally retrieve larger vessels at any suitable time. Thecontinue kayakto sectionfurther wastheir successfulinstructionalin aqualifications grant applicationto provide allowingappropriate some oftraining the leadto kayeyersother members. to Two more club kayaks have also been purchased to replace the smaller ones which wefe beyond economic repair.
The rowing skiff being built by members, although nearing completion, was paused but the group involved in the build look forward to a launch in the spring. The club continues to maintain its grounds for the use of the local community and spite to the area. This has proved to be extremely popular again this summer, with tour buses using the parking and allowing the passengers to enjoy the surroundings and information boards provided by the club. The club works closely with other local groups such as South Cowal Community Council, who have kindly agreed to pay for the maintenance costs of the club's Community Defibrillator.
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Trustees’ Annual Report (continued)
for the year ended 30 September 2025
Achievements and Performance (continued) familiesMotor homesfor several have beenweeks. regularThe overnightclub grounds visitors,have andalso the clubregularly groundshosted havea popular again sauna heletrailer travellerover the summer as well as wild swimmers. In conjunction with Argyll & Bute Council, the club continues to provide space for community bottle banks and a dog poo bin as well as allowing the local bus service turning facilities.
Financial Review
There has been a small decrease in Membership as compared with 2024, but subscription income increased due to an increase in the charges. Subscription income was £8,930 (2024 = £8,125.) The charity has two main sources of funding, Subscriptions and Storage Income. Subscription income is detailed above. Storage Income amounted to £9,600 (2024 - £7,992, the increase being due to an increaseboats, spacein the fornumber skiff buildingof stored and storageboats. Theof theboatstore travelhoist.continuesIncometo frombe used the hirefor the of tustorage Moorings,of club for the year, was £5.940 (2024 - £5,948) After payment of the mooring contractor's account, there was a surplus of £2,542 (2024 - £4,032). Fundraising income (50/50) amounted to £1,368 (2024 - £1,470) and Donations to £2,717 (2024 - £3,127). A “recruitment campaign” for new 50/50 members was undertaken in early 2025 which will result in an increase in this income in 2025/26. Total Receipts on General Fund amounted to £30,689 (2024 - £30,853) and Total Payments to £19,336 (2024 - £17,324). It is noted that the method of payment for insurance has changed from monthly payments to one annual payment resulting a charge in 2025 of 21 months (£9,144, 2024 = £5,292).The surplus for the year (on Unrestricted Funds), before transfers to Restricted Funds, was £11.353 compared to £13,529 last year. Reserves Policy The Trustees’ Policy is to retain General Fund Reserves at around 6 months of normal running costs in order to meet commitments and to cover any unexpected expenditure. The available balance on General Fund at the end of the period was £10,165 (2024 - £9,812) which is within the target range. The Trustees also maintain Reserves for specific purposes. These are detailed in Note B to the Accounts on page 8.
Plans for future periods The Trustees plan to continue to develop the kayaking and sailing activities, and for the open water swimmers who have recently joined the club, this will pursue the long-term development of the club and strengthen the links with the community and local schools. It is hoped that the introduction of coastal rowing will be another activity to benefit the health and wellbeing of local people and encourage greater participation in watersports.
In the future the club also aims to maintain and renew, when necessary, the Club boats jand kayaks. Restricted funds have been set up specifically for these purposes as well as for the maintenance and eventual renewal of the travel hoist. A restricted fund has also been set up for the replacement of the club’s Boatstore — an old stone structure with a sagging slate roof originally used as a coal store. The Ross McFarlane Legacy is being used to support those members who wish to enhance their qualifications, so they are able to become instructors at the club. The building of the new slipway and purchase of the ‘Sublift 12t’ travel hoist has again epcouraged new members to use the excellent facilities provided at Toward Seasports Club (SCIO), thereby enabling the club to continue providing watersports facilities and training at a cost whichis not a barrier to participation. Approved by the Trustees on 4th November 2025 and signed on their behalf by: - Oba kK Tit) Gill Judd, Commodore
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Independent Examiner’s Report to the Trustees of
Toward Seasports Club (SCIO)
for the year ended 30 September 2025
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I report on the accounts of the charity for the year ended 30 September 2025, which are set put on pages 5 to 8.
Respective responsibilities of Trustees and Examiner | theThe charity'sCharities trusteesand Trusteeare responsibleInvestment for the(Scotland) preparationAct of2005 the accountsand the inCharities accordanceAccounts wih the(Scotland) terms of Regulations 2006 (as amended). The charity's trustees consider that the audit requirements, of Regulation 10(1)(d) of the 2006 Accounts Regulations does not apply. It is my responsibility 4 examine the accounts as required under Section 44(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement In the course of my examination no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect, the Lia e to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
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e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
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have not been met, or
2) To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Hannah Fawcett FMAAT
Rockbank Low Askomil Campbeltown Argyll PA28 6EP
/ ; + || 2025
; Date:
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Page 5
Statement of Receipts and Payments for the Year Ended 30 September 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|||Total|
|Note|Funds|Funds|2025|||2024|
|Voluntary|Receipts|
|Donations|and|Gift|Aid|2,717|2,717|3,127|
|Grants|received|-|-|873|
|Compensation|Received|570|570|-|
|Fund|Raising Income|4|1,368|.|1,368|1,470|
|Sales|of Club|Boats|-|-|100|
|Bank|Interest|1,488|1,488|1,493|
|Receipts|from|Charitable|Activities|
|Membership|Fees|8,930|8,930|8,125|
|Life|Membership|Fees|-|-|-|
|Training & Course|Fees|L215|-|1,215|1,459|
|Use of|travel|Hoist|etc|4,470|4,470|5,050|
|Sundry|Income|5|951|-|951|693|
|Mooring &|Storage|Income|6|12,142|-|12,142|13,424|
|Regatta|, Open|Day|611|611|382|
|Social &|Kitchen|income|697|697|580|
|Total|Receipts|£|30,689|£|4,470|£|35,1 50|£|36,776|
|Payments|
|Cost|of Charitable|Activities|
|Recurring costs|E|19,201|8,856|28,057|23,910|
|Compound|Extension|-|-|
|Travel|Hoist|repairs|etc|9,678|9,678|1,509|
|Dinghy|equipment|-|-|
|Governance|Costs:|
|Total|PaymentsIndependent Examination|£|19,336135|£|18,534|£|37,87a|£|25,554135|
|Surplus/(Deficit)|for the year|11,353|(|14,064)|(2,711)|11,222|
|Transfers|between|Funds|8|(|11,000)|11,000|-|-|
|Surplus/(Deficit)|for the year|£|353,|£|(3,064)|££|(2,711)|£|(11,222|
|The Notes|on|pages|7 &|8|form|an|integral|part|of these|financial|statements|
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Page 6
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
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|Statement|of Balances|
|As|at 30|September 2025|||
|Unrestricted|Restricted|Total||Total|
|Note|Funds|Funds|2025||2024|
|Funds|Reconciliation|8|
|Cash|at|bank|and|in|hand|
|at|1|October 2024|9,812|52,987|62,799|}|$1,577|
|Surplus/(Deficit)|for the period|353|(|3,064)|(2,711)|||11,222|
|Closing|cash|at|bank andinhand|=|£|10,165|£|49,923|£|60,088|£|62,799|
|Bank &|Cash|Balances|
|||
|Bank|Deposit|Account|5,677|49,923|55,600|,|$9,612|
|Bank|Current|Accounts|4,488|4,488|3,187|
|Cash|-|-|-|
|£|10,165|£|49,923|£|60,088|£|62,799|
|Other|Assets|
|at|insurance|valuations|||
|Club|Properties|(valuation|increased|19 July|2025)|881,804|_|856,120|
|Clubhouse|Furniture,|Fittings|and|other Contents|10,800|||10,000|
|Club|Boats|etc|44,500|45,020|
|Sublift and|associated|equipment|42,494|||42,494|
|Trophies,|defibrillator|and|other equipment|6,050|6,250|
|Stocks|700|700|
|at|estimated|values|
|20|Club|moorings|(2024|-|20}|20,000|20,000|
|Debtors|&|Prepayments|£|1,006,348|i 980,584|
|Gift|Aid|repayment|(still|to|be|claimed)|-|||-|
|Liabilities|£|-|f|-|
|Grants|received|with|expenditure|still|to|be|incurred|150|||150|
|Other|outstanding|accounts|935|273|
|£|1,085|§|423|
|The Notes on|pages|7 &|8|form an|integral|part of these|financial|statements|||
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Approved by the Trustees on 4th November 2025 and signed on their behalf by:-
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GliiakTd4 (hofj PIOL4, i
Gill Judd Alasdair Finlay
Commodore Treasurer
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|Notes to the Accounts|||||
|For the Year Ended 30 September 2025|||||
|1 BasisofAccounting||||||
|These Accounts have been prepared on the Receipts and Payments basis in accordance
withtheCharities&TrusteeInvestment(Scotland)Act2005 andtheCharitiesAccounts||||||
|(Scotland) Regulations 2006 (as amended)|||||
|2 Natureand Purpose ofFunds
Unrestricted Fundsarethosethatmaybeused atthediscretionoftheTrustees infurtherance ofthe
objectsoftheCharity. Normally,theTrusteesmaintain asingleunrestricted fund fortheday-to-day||||
|||
|running ofthe club.
.|||||
|Restricted Fundsmayonly be used for specific purposes. Restrictions arise when:|||||
|specified by the donoror|||||
|when funds are raised for specific purposes or|||||
|when funds are set aside for specific purposes by the Trustees|||||
|3 RelatedPartyTransactions||||||
|The charity's insurance policies include Club Officers Indemnity Insurance
Duringtheyearended 30 September2025,DuncanFreeman,a TrusteeoftheCharity, receivedaioe
totalling£18,660 (2024: nil) in relation to repairs to the charity’s buildings. These payments were not||ms
foracting
|||acting|
|as aTrustee but for services rendered in separate capacity.
These payments weremadeinaccordancewiththeCharity’sConstitution, whichpermits suchtransactipns,|||||
|and complies with Section 67 ifthe Charities and Trustee Investment (Scotland) Act 2005.|||||
|Beforethepayments were authorised by the Trustees, the repairworks hadbeen put out to competitive|||tender||
|and three tenders wereconsidered at various meetings oftheTrusteesduring which MrFreeman was n|||||
|presentand did not participate in any decision-making regarding them.|||||
|Ofthe total amount paid, £10,190 was reimbursed totheCharity by its Insurance provider.|||||
|No otherTrustee received remuneration orreimbursement ofexpenses during the year(2024: nil)|||||
|Unrestricted Restricted
Total
Funds
Funds
2025|Tog
202||||
|4 Fund Raising Income|||||
|50/50
1,368
1,368||||1,470|
|£
1,368
£
-
£
1,368|£|||1,470|
|5 Sundry Income
Handbook Adverts.
480
480|||||575|
|Sundry Income& sales
471
471|||||118|
|£
951
£
-
£
951|£|||693|
|6 Mooring& Storage Income|||||
|Cage& Trailer storage income
970
970||||660|
|Outside storage
9,112
9,112
Boatstore income (net)
(482)
(482)|||7,519
(187)||
|Moorings income (net)
2,542
2,542
£
12,142 £
- £ 12,142|x||5,432
ie||
|||||||
|||||]|
Notes to the Accounts
For the Year Ended 30 September 2025
1 Basis of Accounting
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These Accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)
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2 Nature and Purpose of Funds Unrestricted Funds are those that may be used at the discretion of the Trustees in furtherance of the objects of the Charity. Normally, the Trustees maintain a single unrestricted fund for the day-to-day running of the club. . Restricted Funds may only be used for specific purposes. Restrictions arise when: specified by the donor or when funds are raised for specific purposes or when funds are set aside for specific purposes by the Trustees
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3 Related Party Transactions
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Notes to the Accounts (continued)
For the Year Ended 30 September 2025 |
7 Cost of Recurring Charitable Activities |
Property expenses 4,104 8,837 12,941 | 5,148
Insurances 9,144 9,144 | 5,292
Administration expenses 2258 2:253 / 1,829
Boats & Equipment Purchased 761 19 780 | 6,346
Racing & Training costs 2,939 2,939 5,295
23,910
8 Movements in Funds £19,201 £ 8.856 £ 28,057 cose
At2024 1 Oct. Receipts Payments Transfers At 32 0 25Sept
Restricted funds
Boatstore Maintenance 3,000 3,000
GeneralDinghy MaintenanceReplacement 11,5001,666 ( 8,837) 5,000 | 7,6631,666
Kayak Reserve 1,606 1,606
Launch & Retrieval Fund 19,202 4,470 ( 9,678) 5,000 18,994
Ross McFarlane legacy 4,510 , 4,510
Safety Boat Replacement 10,088 1,000 11,088
SCCC Training Grant 805 | 805
Skiff 610 19 | 591
52,987 4,470 (18,534) 11,000 49923
Unrestricted funds
General Fund 9,812 30,689 19,336 11,000 10,165
Total funds £ 62,799 £ 35,159 £(37,870) £ - £ 0,088
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Purposes of Funds
- The Trustees policy is to maintain the General Fund at a level that will meet 6 months of normal running costs.
| Purposes of FundsFunds The Trustees policy is to maintain the Generalmaintain the Generalthe GeneralGeneral Fund at aa level that will meet 66 months of normal running costs. |
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| The Launch& Retrieval Fund was set up by theTrustees to provide funds forthecostsofcreating | |
| maintainingan "in-house" meansoflaunchingand retrieving members’ boats and toprovidefunds | for |
| for its eventual replacement. All costs relatingtoand incomereceived from its usearecharged/credited | |
| to this fund. TheDinghy ReserveandtheKayakReserveare toprovide fundsforthereplacementofdinghiesad kayaks used fortrainingand to finance necessary instructors’ trainingcourses Inview ofthenumberoflarger repairsrequiredaroundtheClubhouseandBoatstore,theTrusteesaa set up Maintenance Reserves forboth properties to provide thefunds forthose repairs TheSafetyBoatreplacement fund istoprovide fundsforthepurchaseofnewsafetyboats |
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| and engines when these are required. | |
| Ross McFarlane, aprevious memberofthe club, hasdonated a Legacy tobeused forthe trainingof clubmemberswhowishtoundertakequalificationsallowingthemtobevolunteertrainersattheoh. |
|
| Board approval, priortoany course, must beobtained. TheTrusteeshavesetupaFundtofinance thecostsofcompletingthebuildingoftherowingskiff TheSCCC Training Grant is theamount notyetspentofadonation of£1,530 from South Cowal |
|
| Community Council to be used for training purposes. | |
| TheTrusteeshaveagreedtransfersbetween Fundsforthisyearasfollows: | |
| Launch& Retrieval Fund £ 5,000 |
|
| General Maintenance £ 5,000 SafetyBoat Replacement £ 1,000 General Fund £ (11,000) |
|
| £ . ae |
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