RYA Annual Strategic Report 2024

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13. Creditors (amounts falling due within one year) Note

Trade creditors Corporation tax

Other taxes & social security Other creditors Accruals

Subscriptions in advance Deferred grants

Other deferred income 14

2024. £.

1,891,543. -.

165,980. 86,336. 771,873. 1,831,113. 1,250,018. 925,732.

-------------- 6,922,595.

--------------

2023. £.

1,576,277. 43,009. 165,398. 97,214. 616,183.

1,742,915. 531,373. 854,541.

-------------- 5,626,910.

--------------

14. Grants

Capital £.

Balance at 1st April 2023 Grants received Grants released

Balance at 31st March 2024 Amounts falling due within one year Amounts falling due aſter more than one year

26,322. -.

(26,322)

-------------- -.

-------------- -.

-.

-------------- -.

--------------

Revenue. £.

505,051. 8,778,317. (8,033,350) --------------

1,250,018.

-------------- 1,250,018.

-.

-------------- 1,250,018.

--------------

Total. £.

531,373.

8,778,317. (8,059,672) --------------

1,250,018.

-------------- 1,250,018.

-.

-------------- 1,250,018.

--------------

Grants are released to the Statement of Comprehensive Income to match expenditure (including depreciation) incurred on the defined programmes.

The fit out of the elite Performance Unit in Portland Marina in 2009 was funded by a capital grant from Sport England. Sport England took a legal charge on the 15 year lease to the effect that the grant may be repayable if the Association broke the lease.

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RYA Annual Strategic Report 2024

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