THE RYA FOUNDATION

THE RYA FOUNDATION

THE RYA FOUNDATION - Company Information

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THE RYA FOUNDATION

Company Registration Number:
04129560 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

THE RYA FOUNDATION

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

THE RYA FOUNDATION

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Investments: 3 77,898 100,600
Total fixed assets: 77,898 100,600
Current assets
Debtors:   3,394 44,015
Cash at bank and in hand: 49,541 69,624
Total current assets: 52,935 113,639
Creditors: amounts falling due within one year:   (40,976) (48,981)
Net current assets (liabilities): 11,959 64,658
Total assets less current liabilities: 89,857 165,258
Total net assets (liabilities): 89,857 165,258
Capital and reserves
Called up share capital: 1 1
Other reserves: 89,856 165,257
Shareholders funds: 89,857 165,258

The notes form part of these financial statements

THE RYA FOUNDATION

Balance sheet statements

For the year ending 31 March 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 July 2020
and signed on behalf of the board by:

Name: Richard Langford
Status: Director

The notes form part of these financial statements

THE RYA FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

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

THE RYA FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

THE RYA FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Fixed investments

Investments are stated at market value. Realised and unrealised gains and losses are shown separately in the appropriate section of the Statement of Financial Activities.

THE RYA FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Post balance sheet events

Since the balance sheet date, the number of grant applications has been notably lower, although sailing is amongst the sports now permitted to resume following the coronavirus lockdown. The trustees are in a position to consider such applications as they may receive, but will only make payment of grants on receiving specific assurances that supported activities will definitely go ahead this summer. As at 19th June, the value of the M&G investment had recovered by 8.8% to £84,786 (31st March: £77,898) and this figure will increase further if equity markets in general continue to improve.