ORKNEY YOLE ASSOCIATION SCIO
Accounts for the year to 31 October 2024
RECEIPTS AND PAYMENTS ACCOUNTS
Charlty No SC051899
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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
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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
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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.
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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
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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
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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 b*arre$ 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 lesiim*ed 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$St and berth fee5
Contingent Ilabllltles:
The a￿OUnt5 were apF¥oved by ihe Trustee3 aryj Mana9ement Committee on
Z¥
For and on behalf ofthe Trustees and MaTh3genEnl Committee..
Commodoro
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Ork￿Y Yole Asso¢latlon SCIO
Notes to the Accounts
1 Trustse Remuneration and Related Party TransactEon$
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.
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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
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