for the Period Ended 28 February 2022
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2022
Basis of measurement and preparation
Turnover policy
for the Period Ended 28 February 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2022
Investments are valued at cost
for the Period Ended 28 February 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 28 February 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Total | | |
for the Period Ended 28 February 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
Sail Boat continued with a variety of sailing courses, from taster sails to RYA accredited skipper course.The sail cargo work continued as normal, bringing 1.5 tons of Portuguese olive oil into Newhaven harbour under sail power alone, and passed on to customers. Many people came to see the cargo ship Gallant.Our Community Sailing Fund was given a boost by a new relationship being formed with Blue Spirit, a sailing bursary fund for young people established by the mother of a young sailor who tragically took his life in 2020. We helped Blue Spirit set up a successful Crowdfunder campaign and plan activities for 2021/22, which will be covered in next year's report.
Our stakeholders are people on low incomes who have usually never been out on the water and would like to do more. The Directors are all local to Brighton (where we are based) and have experience of sailing.Every student who comes onto a Sail Boat Project course, trip or attends our events fills out our feed- back form and the results are fed back into our quarterly directors meeting. We include our volunteers in discussions on running of the Company and publish our ideas through our newsletter, and photos on our website www.sailboatproject.org are taken by stakeholders of our activities. In 2021/22 we engaged people a lot more through our social media channels, consulting with them about webinar topics they would like to learn about. We were able to run our regular volunteer trainings or maintenance days on our vessels, we engaged volunteers as best we could with our vessel refurbishment programmes, and invited volunteers to our online directors' meetings which they are welcome to attend and participate in. It is important to note that the directors are working hard with cashflow forecasts for next year with the need to close a financial gap post-covid. Cancelled courses need to be re-run which reduces capacity at a time when boat replacement/re-fitting is becoming a priority. They are aware of these challenges and various options are being discussed.
Please see accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 January 2023
And signed on behalf of the board by:
Name: Mark Culmer
Status: Director