CARDIGAN BAY WATERSPORTS
Provision of courses in dinghy Sailing, Yacht Cruising, Windsurfing and Powerboat Handling following the syllabus set down by the Royal Yachting Association (RYA) and issuing appropriate certificates to successful candidates. Providing taster sessions and recreational activities for schools, youth groups and individuals in Watersports.
Objects
1. FOR THE BENEFIT OF THE COMMUNITY IN CARDIGAN BAY AND IN PARTICULAR NEW QUAY BY ORGANISING, PROVIDING OR ASSISTING IN THE PROVISION OF FACILITIES FOR EDUCATION AND PHYSICAL RECREATION IN THE INTERESTS OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE FOR THOSE WHO, FOR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED FOR SUCH FACILITIES; AND2. TO ADVANCE EDUCATION IN SAILING, KAYAKING, WIND-SURFING AND OTHER WATER-SPORTS IN CARDIGAN BAY.
Financial health, per its FY2025 accounts
The accounts state that the charity experienced reduced turnover and a net expenditure of £35,161 for the year. Free unrestricted liquid reserves decreased significantly to £20,612, while the trustees' reserves policy target is six months of expected expenditure. The trustees consider the remaining reserves adequate to support operations during the summer season.
What the accounts disclose
“Charitable activities 48,847” — page 6
“The policy on reserves is that the existing assets are retained to produce income which is wholly utilised to support existing activities.” — page 3
“The accounts have been prepared on the going concern basis despite the reducing turnover levels.”
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
Trustees
- Carl Andrew Rich
- Crawford Mcleary
- Mark Andrew Rex Willis
- STEPHEN RICHARD BERRY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £64k | £99k |
| 31/12/2024 | £147k | £112k |
| 31/12/2023 | £93k | £141k |
| 31/12/2022 | £130k | £149k |
| 31/12/2021 | £155k | £130k |
Common questions
Is CARDIGAN BAY WATERSPORTS financially healthy?
Per its FY2025 accounts: The accounts state that the charity experienced reduced turnover and a net expenditure of £35,161 for the year. Free unrestricted liquid reserves decreased significantly to £20,612, while the trustees' reserves policy target is six months of expected expenditure. The trustees consider the remaining reserves adequate to support operations during the summer season. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GRANGE FARM CENTRE | 1 | — |
| THE KIRBY LAING FOUNDATION | 1 | £75k |
| THE GIRDLERS' COMPANY CHARITABLE TRUST | 1 | £55k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £41k |
| HOBDEN FOUNDATION | 1 | £40k |
| THE MAURICE AND HILDA LAING CHARITABLE TRUST | 1 | £30k |
| DEPTFORD CHALLENGE TRUST LIMITED | 1 | £28k |
| TALLOW CHANDLERS BENEVOLENT FUND NO 2 | 1 | £18k |
Charities like this
- CHRISTIAN YOUTH ENTERPRISES SAILING CENTRE
- ROYAL CANOE CLUB TRUST
- ESSA WATER ACTIVITIES CENTRE
- WATERSIDE COMMUNITY TRUST
- YORKSHIRE DALES SAILING CLUB
- WEYMOUTH SAILING CLUB CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CARDIGAN BAY WATERSPORTS | £64k | — | 0 | unclear | — | noted |
| CHRISTIAN YOUTH ENTERPRISES SAILING CENTRE | £1.2m | — | 0 | unclear | — | no doubt |
| ROYAL CANOE CLUB TRUST | £70k | — | 0 | unclear | — | no doubt |
| ESSA WATER ACTIVITIES CENTRE | £185k | — | 0 | unclear | — | no doubt |
| WATERSIDE COMMUNITY TRUST | £773k | — | 0 | below | 1.6% | no doubt |
| YORKSHIRE DALES SAILING CLUB | £128k | — | 0 | unclear | — | no doubt |