2021-12-31-accounts - Royal Canoe Club Trust

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Trustees' report
Independent examiner's report
Statement offinancial	activities	(including	income and expenditure	account)
Balance sheet
Notes to the financial	statements

			2021	2021	2021	2020
		Unrestricted		Restricted	Total	Total
			funds f	funds f	fundsf	fundsf
		Note
Income from:
Donations and legacies		3		82,764	82,764	71,258
Charitable activities		4	13,200	-	13,200	13,200
Investments:
Rental income		5	20,923		20,923	22,097
Bank interest			2		2	24
Total income			34,125	82,764	116,889	106,579
Expenditure on:
Investment management Rental property costs Charitable activities	costs:	6 7	9,920 7,552	53,618	9,920 61,170	9,877 41,449
Total expenditure			17,472	53,618	71,090	51,326
Net income		10	16,653	29,146	45,799	55,253
Transfers between funds		16	7,360	( 7,360)
Net movement in funds			24,013	21,786	45,799	55,253
Reconciliation offunds:
Total funds brought forward:			622,510	90,468	712,978	657,725
Total funds carried forward		16	646,523	112,254	758,777	712,978

				2021		2020
				8		8
		Note
Fixed assets
Tangible assets		11		286,900		284,063
Investment property		12		220,000		220,000
Current assets
Debtors Cash at bank and in hand		13	2,284 343,628		1,098 307,213
			345,912		308,311
Current Ilabgttkrs
Creditors: amounts	faging due within ons year	14	( 24,768)		( 19,115)
Net cunant assets				321,144		289,196
Creditors: amounts	falling due after more than one
year		15		( 69,267)		( 80,281)
Total net assets						712,978
The funds ofthe charity
Unrestricted funds				646,523		622.510
Restricted income funds				112,254		90,468
				758,777		712,978

3	INCOME FROM	D	ONATION	S A	ND LEGACIES
							2021	2020
							6	6
	Donations						82,764	71,258
							82,764	71,258
	In 2020 restricted		donations	totalling 671,233were		received.
4	INCOME FROM	CHARITABLE			ACTIVITIES
							2021	2020
								6
	Activity: supporting		water-related		and other amateur sports
	Provision offacilities for the			benefit ofwatersports		clubs	13,200	13,200
							13,200	13,200
5	RENTAL INCOME
							2021	2020
								6
	Rent of student	accommodation			at Rob Roy House		20,923	22,097
							20,923	22,097
6	RENTAL PROPERTY COSTS
							2021	2020
							6
	Light and heat Water and council		rates				2,291 2,864	2,875 3,053
	Allocation ofsupport costs				Note 8		4,765	3,949
							9,920	9,877

NET INCOME
			2021	2020
			F	f.
Net income is stated after Independent examiner's Independent examiner's Depreciation	charging: fees - examination fees - accounts		930 1,890 4,523	900 1,800 4,374
TANGIBLE FIXEDASSETS
		Freehold property 6	Equipment 6	Total 6
Cost
At 1 January 2021 Additions		388,014	7,360	388,014 7,360
At 31 December 2021		388,014	7,360	395,374
Depreciation At 1 January 2021 Charge for the year		103,951 4,374	149	103,951 4,523
At 31 December 2021		108,325	149	108,474
Net book value
At 31 December 2021		279,689	7,211	286,900
At 31 December 2020		284,063		284,063
Freehold property includes	land valued at6169,310(2020:	6169,310)which is not	depreciated.
INVESTMENT PROPERTY
Marketvalueasat1Janu	ry 2021 and 31 December 2021			220,000

DEBTORS
			2021	2020
			6	8
Gift aid recoverable			844	394
Other debtors			1,440	704
			2,284	1,098
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2021	2020
			6	8
Bank loans			11,013	10,742
Net wages control account			3,840	2,144
Other tax and social security			951	606
Other creditors			274	163
Accruals			8,690	5,460
			24,768	19,115
CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
			2021	2020
			8
Bank loans			69,267	80,281
Amounts repayable By instalments	after more than five years:		22,364	34,532

MOVEMENT ON FUNDS	MOVEMENT ON FUNDS
			At 1								At 31
Current year:			Jan 2021	Income 6	Expenditure		Transfers f				Dec 2021 6
Unrestdcted funds
General fund			622,510	34,125		( 17,472)		7,360			646,523
			622,510	34,125		( 17,472)		7,360			646,523
Restricted funds
Walbrook Rowing Club -		equipment	1,075								1,075
Coaching			24,286	51,764		( 53,618)					22,432
Teddington Watersports		Centre - new	65,107	21,000							86,107
facilities
English Sports Council -		Equipment		10,000				( 7,360)			2,640
			90,468	82,764		( 53,618)		( 7,360)			112,254
			712,978	116,889		( 71,090)					758,777
The restricted funds	arise from grants		and donations	to fund particular		projects or	items of expenditure, and
unused income is carried		forward to cover future expenditure on those				areas. During	the year			a grant from the
English Sports Council was received towards new canoes and kayaks.						As the equipment		has	been capitalised
in the year a transfer	is shown from unrestricted funds.
			At 1					Gains		I	At 31
			Jan 2020	Income	Expenditure		(Losses)				Dec 2020
Prior year:				6		E				6	6
Unrestricted funds
General fund			603,892	35,346		( 16,728)					622,510
			603,892	35,346		( 16,728)		-			622,510
Restricted funds
Walbrook Rowing Club - equipment			1,075								1,075
Royal Canoe Trust -	coaching		5,141	52,233		( 33,088)					24,286
Teddington Watersports		Centre - new I	46,107	19,000							65,107
The Skiff Club - sporting		equipment	1,510			( 1,510)
			53,833	71,233		( 34,598)					90,468
			657,725	106,579		( 51,326)					712,978

ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Restricted	Unrestricted	Total
	funds	funds	funds
	2021	2021	2021
Current year:	6		8
Fixed assets		506,900	506,900
Net current assets	112,254	208,890	321,144
Creditors due in more than one year		( 69,267)	( 69,267)
	112,254	646,523	758,777
	Restricted	Unrestricted	Total
	funds	funds	funds
	2020	2020	2020
Prior year:	6	6	2
Fixed assets		504,063	504,063
Net current assets	90,468	198,728	289,196
Creditors due in more than one year		( 80,281)	( 80,281)
	90,468	622,510	712,978