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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||||
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|Referenc|e and administrative
i|e and administrative
i|nformation|||||
|---|---|---|---|---|---|---|---|
|Company|number||2857013(England|and Wales)||||
|Registered||charity number|1047632|||||
|Registered||office and||||||
|principal|office address||The Clubhouse|||||
||||1 Trowlock Island|||||
||||Teddington|||||
||||Middlesex TW11 9QY|||||
|Independent||examiner|AS Healey FCA CTA DChA|||||
||||Lindeyer
Francis Ferguson||Limited|||
||||Chartered
Accountants|||||
||||North House|||||
||||198High Street|||||
||||Tonbridge|||||
||||Kent TN9 1BE|||||
|Principal|bankers||NatWest Bank pic||CAF|Bank Limited||
||||6 High Street||25 Kings||Hill Avenue|
||||Teddington||Kings|Hill||
||||Middlesex TW11 8EP||West|Mailing ME194TA||
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||||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|
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|||||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|
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|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|
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|EXPENDITURE ON|CHARITAB|LE ACTIVITIES|||
|---|---|---|---|---|
||||2021|2020|
|||||6|
|Activity: supporting|water-related|and other amateur sports|||
|Grants to institutions||||1,751|
|Equipment
purchases|||||
|Staff costs - head coach||Note 9|53,618|33,088|
|Allocation ofsupport|costs|Note 8|7,552|6,610|
||||61,170|41,449|
|SUPPORT COSTS|SUPPORT COSTS|||2021|2020|
|---|---|---|---|---|---|
|||||6|E|
|Other administrative||expenses||2,826|1,238|
|Depreciation||||4,523|4,374|
|Bank loan interest||||2,148|2,247|
|Governance|costs:|||||
|Accountancy|and independent||examination|2,820|2,700|
|||||12,317|10,559|
|STAFF COSTS||||||
|||||2021|2020|
|||||8|E|
|Wages and|salaries|||52,374|32,307|
|Pension costs||||1,244|781|
|||||53,618|33,088|
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|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|
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|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|
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|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|
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|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|
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