SOUTH SHIELDS SAILING CLUB
Dinghy sailing
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a net operating surplus of £7,428 for the year ended 31 December 2024, with total income of £32,523 and total expenditure of £25,096. The trustees report that the charity holds a reserve of £30,000 to cover unanticipated and uninsurable damage to assets, and the net assets increased by £4,111 after depreciation.
What the accounts disclose
“The charity holds a reserve of £30,000 to cover unanticipated and uninsurable damage to assets.”
Trustees
- JASON RIBYchair
- Adam Corry
- Andrew Grieve
- Anthony Peter Sheils
- BRUCE ROBINSON
- DR JAMES ALEXANDER HENRY
- Joanne Piplica
- Liam Alcock
- Niall Jonathan Graham
- Nicholas Woodhouse
- YVONNE HENRY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £33k | £25k |
| 31/12/2023 | £32k | £24k |
| 31/12/2022 | £28k | £23k |
| 31/12/2021 | £48k | £42k |
| 31/12/2020 | £26k | £28k |
Common questions
Is SOUTH SHIELDS SAILING CLUB financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a net operating surplus of £7,428 for the year ended 31 December 2024, with total income of £32,523 and total expenditure of £25,096. The trustees report that the charity holds a reserve of £30,000 to cover unanticipated and uninsurable damage to assets, and the net assets increased by £4,111 after depreciation. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 04/07/2011 | £10k | Adult Sailing |
| The National Lottery Community Fund | 31/03/2006 | £5k | Purchase Of Rigid Inflatable Safety Boat |