2024-10-31-accounts

ORKNEY YOLE ASSOCIATION SCIO Accounts for the year to 31 October 2024 RECEIPTS AND PAYMENTS ACCOUNTS Charlty No SC051899 Pagelof9

Reference and Administrative Infomiation Charity Narne.. Orkney Yole As80¢ialion SCIO Charity Registration Number. SCO51899 Contact Addre5S: Trustees who served during the year and up until the dat• of signatum of the financlal ststements: Independent examiner: Bankern: Clydesdale Bank FLC tradng as Vlrgin Money 7 Gold Street Northampton NN1 1 EN Page2of9

Trustees, Annual Report Year ended 31 October 2024 Structure, Governance and Management Governlng document The Associalion is administered in accordance wtth the terms of its Deed of Conslttution. Re¢rultment and Appointment of Trustees The charity trustees a￿ drawn from the members of the Management Committee. Members of the Management Committee are appointed at the Annual General Meeting. The Commodore and Vice Commod0￿ are elected for years. retiring on altemate years. All other members of the Management Committee are elected annualty. Organisational structure The Association is managed by the Management Commitlee which meets ￿ or three limes per year, with additional meetings as required. Obje¢tlves and Activities The Association's objectives are.. lal the advancement of education by transferring skills and knowledge of maintaining and sailing existing Orkney yoles. one of Orkney's traditional sailing vessels and, when possible, of constructing sailing yoles.. (b) the advan￿ment of the arts. heritage, culture and science by making the traditional uses of Orkney yoles as cargo. fishing and transport vessels known; and (c) the advan￿ment of publ￿ participation in sport by promoting the active use of Orkney yoles as sailing vessels. Its primary activities in the furtherance of these objectives are.. arranging for Stromness and North Walls Primary Schoob. P7 classes to be given a taster session in Orkney Yoles in the summer tern.. organising weeknight sailing from the Stromness Marina from May to September for members and interested members of Ihe public: two yoles. including the OYA yole. sailing from the OYA Flaws pierlsailhouse, where il also holds a public sail day and barbeque- Participation in regattas organised throughout Orkney in the summer, and over the winter it also organises social evenings with a Yole-￿18ted theme. Achievements and Perforniance Poor weather at the start of the year meant that the yole sailing did not get underway until the end of May. Earlier. volunteers had repainted and made minor ￿paIrS to the club boat ' Lity" We encouraged some folks new to sailing to experience a sail in a yole by holding a "Come for a sail" day on Saturday 1 st June. after having stimulated interest by placing an Page3of9

article in the local press. T￿re wa5 a gcod resFK)nse and members we recruited to the organisation. The P7 sailing was poSt￿ned due to pctjr weather and then cancelled on the rearranged date due lo many of the boat's crews attending the fun￿al of a well known local fisherman. Yoles participated in the Hotm and Stromness regattas bul unfortunatety slcfmy weather forced the cancellatK)n ol regatta in Longhope. We held regular sailing evenirKJs throughout the summer rnonths but sadty several dates had lo bg cancelled b￿￿Se there w88 either too much or too lrttle wind. Financial Review The As50cialion raised a lolal of £1,595 from a week in the Blue Door in November 2023 which provided a welcoffe boost to funds and resulted in a surplus for Ihe year of £1.396. Ouigoings were reduced following the end of the lease of Flaws Pier in May 2024. It is the Tiuslees. pdtcy to maintain sufficient reserves to cover arproximalely six months expenditure on a nomial basis. As of 31 October 2024, the General fund was more than sufficient lo cover this. During the year, the trustees transferred £1.387 from the restric1& fund for the SailhouselFlaws pier to cover off expenditure incurred on upkeep in prior years. as Association vacated these premises in May 2024. Following the vacation of Flaws Pier. the Association successfully applied for a berth for the Lily in the marina and paid a berth deposit and berth fees for 2024 tolalling £1.546 in December 2024. Transfer to a SCIO Orkney Yole Association SCIO SC051899 was fonned on 1 August 2022 with the intentlon that the activities, assets and liabiltlies of Orkney Yore ASs(￿latIon SC048254 be iransferred into il as soon as possible. This was delayed for some considerable time due lo difftulties in setting up a new bank account. The tNslees are pleased to report that this has now happened. Accordingly the accounts attached represent the merged operations throughout Ihe period under rev*w. Approved by the Trustees and slgned on their behalf: Commodore Date: 26141. Page4of9

Independent Examlner'g Report to tho Tru8ts0s of th• Orknoy Yolé Associalion SCIO I report on the accounts of the charity for the year ended 31 October 2024 vhich are set out on pages 1 to g. Respective responsibillties of trustee and examiner The charity's trustees are resp)nsible for Ihe preparation of the 8Ctounls in ac￿rdanCe With the terms of the CharitEs and Trustee Investmenl (ScotLand) 2005 Act and the Charities Accounls (Scotland) Regulations 2006. The chanty Irusiees consider that the audit requirement of Regulation 10(1) Id) of the Accounts Regulations does nol apply. It is my responsibility to examine the ￿OuntS as required ur¥Jw sec*ion 44{1) (c) of the Act and to state whether particul¥ matters have CO￿ to rrry attenlion. Basis of independent examlnofs Statoment My exJnlnation is carried out in accordan¢e with Regulation 11 of tha Charities Accounts {Scdlandl Regulations 2006. An exatninatpJn includes a review of the aGcounting records kept by the charily and a comparison of the accounts presenled v4ith those records. It also includes Conside￿tIon of any unusual iteff6 or disckjsures in the accounts and seeks explanations from the trustees conceming any suth maters. The procedures undertaken do not provide all the evidence that would be required in an audrt and. consequentty, I do not express an audit opinion on the accounts. Independent oxaminefs statement In the course of my examination, no matter has crfft to rny attention which gives me reasonable cause to belEve Ihai in any material respect the requirgments- to keep accountirvJ records in accordan￿ wtlh sectM 44(1) (a) of the 2005 Act and Regulation 4 of the 2C(16 Accounts RegulatiL￿s, and to prepare accounts whith accord wtlh the accounting records and comp with Regulation g of the 2006 Accounts Regulations have rK)t been met, or to which, in my opinion, attentson should be drayffl in order to ￿able a proFer understanding of the accounts to be re&hed. Signed Name Qualifution. Address Pa8e5of9

Orkney Yole As$oclatlon SCIO Re¢&lpts and Payments Accounts Year ended 31 Octobor 2024 Unr8strfcted Funds 2024 R￿trIct•d Funds 2024 Endoyfflignt Funds 2024 Total 2024 Total 2023 Receipts Donations 76 76 232 Legacies Grants Receipts from fundraising activities (Blue Door) Gross trading receipts 300 1.595 1.595 322 322 1.192 Bank interest 119 119 Gross receipts from other charitable acb"vits"es.' Membership subscriptions Gift aid Receipts from asset & investment sales Totsl receipts Payments Expenses for frjndraising activities Gross trading payments Investment management costs Payments relating directly lo charitable activities Grants and donations Govemance costs". Audit l independent examination p￿paratIOn of annual accounts Legal costs Other 476 476 338 2,588 2.588 2.062 47 1.172 1.172 3.011 20 1.150 Purchase of assets Purchase of investments Total payments 1.192 1.192 4,292 Net receiptsl {paymontsl Transfers tolfrom funds Surplu$lldeficit) for year 1.396 1.387 2,783 1,396 12.230) 1.387 1,396 2,230 Page6of9

Orkn9y Yol¥ AssoclatSon SCIO statsment of Balances At 31 Octob9r 2024 Unr8strlctod R•strlctad Funds Funds 2024 2024 Endowmont Funds 2024 Totsl 2024 Totsl 2023 Note Cash and bank balances.. Cash and bank barre$ a 1 November2023 Surplus I Ideficitl shtyvn on roceipts and paymènts account Cash b￿k baarces al 31 Cttober 2024 10.442 1.387 11,829 14,OS9 2.783 13225 11 829 Investments: Fixed Assgts at cost- Yole Lily. including eThJine and trailer (acquired 2¢X191 lestsmated market va £10,000) Sails lor Lily lacqured 2021) Engine for Lity (acquired 20231 1 ftallie lesiimed market value £250) 1 picniG be￿ la¢quired 2022) 18.913 1.871 18,913 18.913 1,871 1.871 1.150 1,150 1,150 8C#) 800 800 275 275 275 23.009 23.009 23,009 ott￿r assets: Orkney Ycle books al cost & gift aid receivat4e 1.050 Liabilitigs: B¢rth depo$St and berth fee5 Contingent Ilabllltles: The a￿OUnt5 were apF¥oved by ihe Trustee3 aryj Mana9ement Committee on Z¥ For and on behalf ofthe Trustees and MaTh3genEnl Committee.. Commodoro Pa8e7of9

Ork￿Y Yole Asso¢latlon SCIO Notes to the Accounts 1 Trustse Remuneration and Related Party TransactEon$ During the pertod no tTuslees re¢eNed any remuneration or reimbursemert of expense$. The￿ were no related party transactions. 2 Mov•rn8nt In Funds At31 October 2023 At31 October 2024 Re￿ipts Payments Trnnsfer8 Unrestrlctèd Funds General Fund 10,442 2.588 1.387 13,225 Restrictsd Funds Flaws Pierlsailhouse 1.387 Endovmient Funds Totsl lunds 11.829 2.588 1.192 13,225 Purposes ol Unrnstricted Funds The General Fund act$ as the Association's current accounL Purposes of Restricted Funds The Flaws Pierlsailhouse FurKI exists to facilitale the upkeep of Flaws Pier and the Sailhouse. Page8of9

Orknoy Yol? Association SCIO Notss to the Accounts continued Unrestricted Funds Restrictsd Funds Total 2024 Total 2023 3 Analysis of donations Gift aid aTrJ miscellaneou5 donations 76 76 76 76 232 232 4 Grants Conference attendance- OIC 300 300 S Re¢gipts from tsading actlvities Calendar sales Yole book sales Location fee- Tem TVIOutrun filming 322 322 1.008 150 322 322 1,192 6 EX￿n$￿$ for trading actlvltles Calendar design & prinbng expen$e5 Yole book expenses 38 47 7 Charltabl& activities Insurance for Lily & flatties Maintenance, equipment & wnter storage for Lily & Flatties Flaws Pierlsailhouse insurance OIC annual lease Utilities & repairs for Flaw¥ Pierlsailhouse Mi￿e1&aneOUS 360 360 321 402 402 226 247 961 {1) 185 1.172 1,105 377 185 1.172 3,011 Page9of9