RESTARTSAILING COMMUNITY INTEREST COMPANY

Company Registration Number:
12679658 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

RESTARTSAILING COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RESTARTSAILING COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Called up share capital not paid: 500 500
Current assets
Cash at bank and in hand: 14,982 6,076
Total current assets: 14,982 6,076
Creditors: amounts falling due within one year: 3 ( 915 ) ( 855 )
Net current assets (liabilities): 14,067 5,221
Total assets less current liabilities: 14,567 5,721
Total net assets (liabilities): 14,567 5,721
Capital and reserves
Called up share capital: 541 541
Share premium account: 37,079 37,079
Profit and loss account: (23,053 ) (31,899 )
Total Shareholders' funds: 14,567 5,721

The notes form part of these financial statements

RESTARTSAILING COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 February 2025
and signed on behalf of the board by:

Name: Mr Simon Lovesey
Status: Director

The notes form part of these financial statements

RESTARTSAILING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

RESTARTSAILING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RESTARTSAILING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 915 855
Total 915 855

COMMUNITY INTEREST ANNUAL REPORT

RESTARTSAILING COMMUNITY INTEREST COMPANY

Company Number: 12679658 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

RestartSailing is a Royal Yachting Association (RYA - National Governing Body for sailing) affiliated organisation that came into existence to help the sailing community through the COVID pandemic. Although the impact of the pandemic has fallen, its legacy is still being felt among the sailing community, particularly with lower levels of confidence and financial pressures. The cost of living crisis has also started to have an impact. Activities - Promotion of events - Organisation of Series to encourage multiple entries to different events - Results processing - Social media activities RestartSailing activities have helped to address some of the challenges the sailing community faces.

Consultation with stakeholders

Meetings with clubs and classes, which has resulted in format tweaks. Attendance at events has allowed individuals to make suggestions eg standardisation of event documentation which is been considered. Also, social media has given individuals anopportunity for direct contact with individuals. An another online forum was hosted (April 2024) which saw 75 representatives across the different stakeholders' participate and feedback has help shape future plans.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 February 2025

And signed on behalf of the board by:
Name: Mr Simon Lovesey
Status: Director