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Guernsey Sailing Trust LBG Annual Report & Financial Statements 2012

Delivering quality sailing tuition to young islanders since 1988


Governance Patron His Excellency the Lieutenant-Governor

Trustees J R Le Prevost

J M Le Pelley

S Henning

A Clark

Directors P M Bodman

Chairman

J Hunt

Secretary (appointed 16 Jan 2013)

D Wallen

Treasurer (resigned 26 September 2013)

C Worsley

Treasurer (appointed 26 September 2013)

M Huntley

Management Committee M P Higgins

R Coppollo

D Herschel

C Chilton

D Brimson

C Worsley

Lead Sponsor The Anson Group, www.anson-group.com

Office Castle Emplacement, St Peter Port, Guernsey GY1 1AU Email: info@sailingtrust.org.gg | Telephone: 01481 710877


Chairman’s Report 2012 was another successful year for the Guernsey Sailing Trust with hundreds of young people being given the chance to learn about sailing for the first time or to enhance the skills they already possess. As so often in the past the weather was not the best but every effort was made to make good use of the time available. In the shoulder months, late in the season very windy days were put to good use either in the classroom or in practising powerboat manoeuvres in the harbour with the safetyboats.

Oppies, courtesy of a number of generous sponsors. They will get good value for their money with ample publicity over the next two years on the Model Yacht Pond and in Havelet Bay.

managed

to

cover

its

costs,

before

depreciation, for the first time in many a year and that was due to generous sponsorship and donations. 2012 was the final year of corporate support from the Anson Group, to whom we are very grateful, so we are again looking for a headline corporate sponsor for 2013 onwards.

surplus of under £3,000, which will be added to reserves.

In 2013 the outlook is not so

bright and a loss is anticipated which will eat into our reserves. The Education Department maintained its grant for 2012 which provides about 40% of

The success of the Trust over the last 25 years owes a lot to the support of the States of Guernsey Education Department as well as the close and successful relationship with the Guernsey Yacht Club, through sharing of supportive

members

and

the

opportunity to extend the range of sailing options. The partnership with the Education Department creates the unique opportunity of including sailing in the curriculum for all young people, including those with special needs.

the funding for the Trust as a whole. The bulk of the Trust’s work is in providing courses to the primary and secondary schools within the curriculum, which is recognised and supported by the grant. As an Island we owe it to our young people to give the opportunity to enjoy the sea that surrounds us with the necessary skill and confidence to do so safely, which will ensure their enjoyment. At the end of 2012 the Trust received a letter from the Minister for Education, Robert Sillars, advising that the grant to the GST would be

Providing accessible sailing tuition is at the heart of the Trust’s ethos and it is worth noting

Despite the economic recession the Trust

Before depreciation the Trust managed a

During the year we obtained new sails for the

facilities,

Finances

that

courses

at

the

Trust

are

significantly cheaper than the equivalent courses offered in the UK, even though the providers there are often supported by local councils, local clubs or lottery funding.

reduced in 2013 and in 2014, due to the necessity

to

curtail

central

government

spending. This will put more pressure on the GST finances and we shall see how we can absorb the reduction without diminishing the valuable and high quality service we provide to young Islanders.


Friends of the Trust

good condition so that we can offer a range

The Friends of the GST has fallen into abeyance over the last six years and despite vigorous efforts to find people willing to devote time to fundraising to support the Trust no one has come forward yet. Renewed efforts are being made in 2013 as this could be a valuable lifeline for the Trust as the recession

continues

to

constrain

other

funding.

of RYA courses and schools sailing for all children from all walks of life. The Trust works all its assets hard and, as a result, has to regularly replace boats, sails, life jackets and waterproof tops, as well as trailers and occasionally the safety boats. Every year, boat maintenance is also required to ensure all items are “fit for purpose”. We welcome sponsorship in all forms and

Staffing

amounts and can offer publicity via names on

Adam Reed and Richard Klein have continued

the sum involved. We look forward to hearing

to provide the core of the GST team,

from interested parties to discuss these

supported very ably by Jackie Reed in the vital

innovative opportunities which contribute to

administration role. These three have been

helping young people from all walks of life to

supplemented with a group of able and

grow in confidence and knowledge.

life jackets, sails and dinghy hulls, according to

willing young instructors for the summer courses.

We

had

some

15

additional

instructors at different times, all of whom are RYA qualified to Senior, Dinghy or Assistant Instructor level.

Special events In the 2012 / 13 winter Adam Reed, Richard Klein, Mike Higgins and Sarah Creasey visited a number of schools with a display and a

Sponsorship

dinghy to illustrate what the GST offers and to

The Trust continues to require sponsorship in

publicity in the Guernsey Evening Press as well

order to keep our fleets of Oppies, Picos,

as more interest in the courses offered.

Fevas

and

excite some interest. That resulted in good

Visions

(double-handers),

Windsurfers and Hawk 20’s up-to-date and in

Phil Bodman, Chairman


Principal’s Report Since taking over the helm in 2009 I realised I

Over

had some rather large Dubarry Sailing Boots

programme has continued to thrive with

to fill, with the retirement of John Elliott after

numbers of Students on the water, be it on

20 years as Principal of the Trust.

Having

the Pond or Havelet Bay, increasing each year.

been Chief Instructor since 2002, I knew the

In 2012 700 students were able to take to the

day to day running of the Trust very well. One

water . On top of that number, another 162

of my first major tasks was to retire our aging

participated from the Private Schools, which

Sport 14’s and replace them with some more

are not covered by our annual grant from

modern double handed sailing dinghies,

Education.

choosing the RS Feva and RS Vision. This of course involved me approaching prospective sponsors, which was new to me, but we fortunately managed to get all six boats sponsored in a very short period of time. Another sponsorship initiative we have had was

the

idea

of

approaching

various

companies offering them the opportunity of sponsoring Pico and Oppie sails over a two year period, due to the extensive use of the sails they tend to only last for two seasons. This enables the companies to have their logos emblazoned on the sails, all of which get a lot of visibility on and around the Model

these

years

our

Schools

sailing

Our RYA Summer Courses in Dinghies, Windsurfing and Power-boating, which are run over the first four weeks of the summer holidays, have proved to be continuously popular, despite the economic downturn, with some 80 – 90% of spaces filled each year. In 2010 sadly we had to sell our 50ft training yacht Gemervesence due to under use and escalating mooring and maintenance costs. On a more positive note we were generously donated a lorry by Guernsey Electricity in order for us to house our Windsurf kit, which

Yacht Pond and in Havelet Bay

added more security than an open trailer. That

Also that year we felt we needed to have a

headed by Rich, to be even more user friendly

more professional and modern website which was updated and revamped by Shane and Grant at Enrapture. With the website we decided that we needed to offer online

has also enabled our windsurfing programme, and importantly kept the kit out of the elements. Once again I would like to thank Rich, Jackie,

booking for our Summer Courses.

all our Instructors and our generous sponsors

Throughout the last five years it would not

also myself during my time as Principal.

have been possible for us to continue all our activities without the assistance of Rich Klein as Chief Instructor and Jackie Reed helping me out with Administration in the Office and, of course our pool of young and enthusiastic instructors helping us out in the summer.

for their support, not only for the Trust but

Happy sailing! Adam Reed, Principal


Statistics School courses Total

School Courses

Primary

Secondary

Summer courses

2013

907

727

398

329

180

2012

880

700

411

289

180

2011

875

690

185

2010

870

680

190

2009

855

660

195

2008

840

640

200

2007

830

620

210

2006

820

600

220

2005

790

570

220

2004

775

535

240

2003

755

505

250

2002

735

475

260

2001

720

450

270

2000

715

425

290

1999

695

420

275

1998

670

420

250

1997

610

410

200

1996

595

400

195

1995

510

350

160

1994

450

300

150

Indicative student course numbers in recent years 800

700 600 500

School courses Primary

400

School courses Secondary

300

School courses Total

200

School courses Summer courses

100 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

0

NB: Data is not available for all periods.


Accounts Guernsey Sailing Trust Limited By Guarantee INCOME AND EXPENDITURE ACCOUNT For the year ended 31 December 2012 2012

2011

£

£

INCOME

102,036

88,835

OPERATING EXPENSES

120,016

123,950

OPERATING LOSS

(17,980)

(35,115)

25

17

(17,955)

(35,098)

(323,158)

(288,060)

(17,955)

(35,098)

(341,113)

(323,158)

OTHER INCOME DEFICIT FOR THE YEAR

ACCUMULATED DEFICIT At 1 January 2012 Retained loss for the year At 31 December 2012

The company has no recognised gains or losses other than the loss for the financial year. All the company's income and expenditure arises from continuing operations.


Guernsey Sailing Trust Limited By Guarantee BALANCE SHEET At 31 December 2012 Notes

2012 £

2011 £

£

£

FIXED ASSETS Building

2

18,431

20,477

Fixtures and fittings

2

139

306

Boats and equipment

3

35,625

40,449

54,195

61,232

CURRENT ASSETS Prepayments Cash at bank and in hand

1,337

1,201

24,456

28,681

25,793

29,882

CREDITORS : Amounts falling due within one year Sundry creditors

4,931

6,833

4,931

6,833

NET CURRENT ASSETS

20,862

23,049

TOTAL ASSETS LESS CURRENT LIABILITIES

75,057

84,281

416,170

407,439

(341,113)

(323,158)

75,057

84,281

CAPITAL AND RESERVES Assets transferred from the Guernsey Sailing Trust Accumulated deficit


Fleet Review Sailing dinghies No.

Class

Acquired

Current sponsor

6

Optimists

2004

-

6

Optimists

2010

Lord’s Taverners

1

Optimists

2012

HSBC Private Bank

1

Optimists

2012

Nashcopy

1

Pico

2007

Anson Group

1

Pico

2007

BWCI

3

Pico

2007

Little Britain Regatta

3

Pico

2007

Doyle’s Lodge

1

Pico

2007

Past Rotarians

1

Pico

2007

Inner Wheel

1

Pico

2007

Mr & Mrs Read

1

Pico

2007

Mrs Coale

1

Feva

2010

Blenheim Group

1

Feva

2010

Itex Rotary Walk

1

Feva

2010

Louvre Group

1

Vision

2010

Guernsey Electricity

1

Vision

2010

Lloyds TSB Foundation

1

Vision

2010

Jackie Reed

1

Hawk 20

1993

Lord’s Taverners

1

Hawk 20

1993

Wooden Spoon

1

Hawk 20

1993

Anonymous donation

Windsurf kit 20

Rigs

Set Sail Trust and HSBC Private Bank

13

Boards

Set Sail Trust and HSBC Private Bank

Safety boats 1

Bombard

Mr & Mrs Johnson

1

Bombard

Bill Clark

2

Outboard engines

2013

Itex Rotary Walk

Vehicles Luton van for windsurf kit

Guernsey Electricity


www.sailingtrust.org.gg Castle Emplacement, St Peter Port, Guernsey GY1 1AU Email: info@sailingtrust.org.gg | Telephone: 01481 710877


Guernsey sailing trust annual report for 2012