Finance

Annual Accounts

You can find our most recent audited annual accounts and management audit letters below.

Details of allowances and financial benefits of Board

World Sailing does not pay its elected officials any remuneration or per diems, other than the reimbursement of properly incurred expenses. Expenses are reimbursed in accordance with the Board Expenses Policy listed below.

The total amount of Board expenses has been:

2015: £35,034
2016: £101,573
2017: £127,180
2018: £114,264

The 2019 figure will be available once our 2019 audit has been completed in May 2020.

Employment Costs

The employment costs of World Sailing are broken down as follows:

	2018	2017	2016
Wages and salaries	£1,650,997	£1,378,822	£1,182,779
Social security costs	£199,705	£163,868	£139,613
Pension costs	£90,374	£68,395	£65,860
Redundancy payments	-	£106,279	-
Total	£1,941,076	£1,717,364	£1,388,262

Financial Authorities

You can find details of financial authorities within World Sailing below.

Title	Abstract
2015 Audited Accounts - World Sailing (UK) Limited	2015 audited financial statements of World Sailing (UK) Limited
2015 Audited Accounts - World Sailing Event Management Limited	2015 audited financial statements of World Sailing Event Management Limited
2015 Audited Accounts - World Sailing Limited	2015 audited financial statements for World Sailing Limited
2015 Management Letter of Representation to Auditors	2015 Management Letter of Representation to Auditors
2016 Audited Accounts - World Sailing (UK) Limited	2016 audited financial statements of World Sailing (UK) Limited
2016 Audited Accounts - World Sailing Event Management Limited	2016 audited financial statements of World Sailing Event Management Limited
2016 Audited Accounts - World Sailing Limited	2016 audited financial statements of World Sailing Limited
2016 Management Letters of Representation to Auditors	2016 Management Letters of Representation to Auditors
2017 Audited Accounts - World Sailing Limited	2017 audited financial statements of World Sailing Limited
2017 Audited Accounts - World Sailing (UK) Limited	Audited financial statements of World Sailing (UK) Limited
2017 Audited Accounts - World Sailing Event Management Limited	2017 audited financial statements of World Sailing Event Management Limited
2017 Management Letters of Representation to the Auditors
2018 Annual Audited Accounts - World Sailing (UK) Limited	2018 audited financial statements of World Sailing (UK) Limited
2018 Annual Audited Accounts - World Sailing Event Management Limited	2018 audited financial statements of World Sailing Event Management Limited
2018 Annual Audited Accounts - World Sailing Limited	2018 audited financial statements of World Sailing Limited
2018 Management Letters of Representation to Auditors
Board Expenses Policy
World Sailing Financial Authorisation Levels	Authorisation levels for financial expenditure

2015 Audited Accounts - World Sailing (UK) Limited

2015 audited financial statements of World Sailing (UK) Limited

2015 Audited Accounts - World Sailing Event Management Limited

2015 audited financial statements of World Sailing Event Management Limited

2015 Audited Accounts - World Sailing Limited

2015 audited financial statements for World Sailing Limited

2015 Management Letter of Representation to Auditors

2016 Audited Accounts - World Sailing (UK) Limited

2016 audited financial statements of World Sailing (UK) Limited

2016 Audited Accounts - World Sailing Event Management Limited

2016 audited financial statements of World Sailing Event Management Limited

2016 Audited Accounts - World Sailing Limited