Charity registration number: 1092936
Sir William Borlase Boat Club Support Group
Annual Report and Financial Statements
for the Year Ended 31 August 2022
Sir William Borlase Boat Club Support Group
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Statement of Trustees' Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
Sir William Borlase Boat Club Support Group
Reference and Administrative Details
Trustees R Krajewski D Bateson N Downes P Gray C Hall Charity Registration Number 1092936 Principal Office Woodwards School Lane Cookham Dean Maidenhead Berkshire SL6 9PQ Independent Examiner Sterling Grove Accountants Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD
Page 1
Sir William Borlase Boat Club Support Group
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2022.
Objectives and activities
Objects and aims
Sir William Borlase Boat Club Support Group was set up to promote participation in amateur sport and healthy recreation through the provision of facilities, encouragement and instruction in rowing for the pupils of Sir William Borlase's Grammar School. It achieved charitable status from the Charities Commission on 12 July 2002.
Public benefit
Our main activity is to provide training in rowing for children at Sir William Borlase's Grammar School.
Although Sir William Borlase Boat Club Support Group was set-up for the benefit of pupils, the rowing boats are available for use by the general public.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
Policy on reserves
The charity's aim is to have a minimum of £10,000 in reserves.
Structure, governance and management
Recruitment and appointment of trustees
Trustees are appointed at the annual AGM or by exception, as required by the committee.
Organisational structure
The Sir William Borlase Boat Club Support Group Committee gives oversight and raises funds for rowing equipment, other related costs and provision of rowing coaches. The management of rowing coaches and equipment is undertaken by the Director of Rowing, in consultation with Sir William Borlase's Grammar School. The school manages the rowers, the rowers safety, the equipment, membership lists and the day to day running of the rowing club.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... N Downes Trustee
Page 2
Sir William Borlase Boat Club Support Group
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... N Downes Trustee
Page 3
Sir William Borlase Boat Club Support Group
Independent Examiner's Report to the trustees of Sir William Borlase Boat Club Support Group
I report to the trustees on my examination of the accounts of Sir William Borlase Boat Club Support Group for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of Sir William Borlase Boat Club Support Group you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Sir William Borlase Boat Club Support Group's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Sir William Borlase Boat Club Support Group as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gianni Pietro Amasanti FCCA Association of Chartered Certified Accountants
Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD
Date:.............................
Page 4
Sir William Borlase Boat Club Support Group
Statement of Financial Activities for the Year Ended 31 August 2022
| Note Income and Endowments from: Donations and legacies 2 Total income Expenditure on: Raising funds Charitable activities 3 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 Note Income and Endowments from: Donations and legacies Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 |
Unrestricted funds £ 122,141 122,141 (7,492) (123,158) (130,650) (8,509) (8,509) 35,097 26,588 Unrestricted funds £ 67,714 67,714 (1,910) (69,164) (71,074) (3,360) (3,360) 38,457 35,097 |
Total 2022 £ 122,141 |
|---|---|---|
| 122,141 | ||
| (7,492) (123,158) |
||
| (130,650) | ||
| (8,509) | ||
| (8,509) 35,097 |
||
| 26,588 | ||
| Total 2021 £ 67,714 |
||
| 67,714 | ||
| (1,910) (69,164) |
||
| (71,074) | ||
| (3,360) | ||
| (3,360) 38,457 |
||
| 35,097 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 9.
The notes on pages 7 to 11 form an integral part of these financial statements. Page 5
Sir William Borlase Boat Club Support Group
(Registration number: 1092936) Balance Sheet as at 31 August 2022
| Note Current assets Debtors 6 Cash at bank and in hand 7 Creditors: Amounts falling due within one year 8 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 9 |
2022 £ 17,834 28,069 45,903 (19,315) 26,588 26,588 26,588 |
2021 £ 9,700 37,892 |
|---|---|---|
| 47,592 (12,495) |
||
| 35,097 | ||
| 35,097 | ||
| 35,097 |
The financial statements on pages 5 to 11 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
.........................................
N Downes Trustee
The notes on pages 7 to 11 form an integral part of these financial statements. Page 6
Sir William Borlase Boat Club Support Group
Notes to the Financial Statements for the Year Ended 31 August 2022
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Sir William Borlase Boat Club Support Group meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Trade debtors
Trade debtors are amounts due from members for services performed in the ordinary course of business.
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Sir William Borlase Boat Club Support Group
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
2 Income from donations and legacies
| Donations Boat sale proceeds donated by school Fund raising Parental donations Gift Aid reclaimable Insurance claim proceeds donated by school |
Unrestricted General £ - 23,313 79,030 17,856 1,942 122,141 |
Total 2022 £ - 23,313 79,030 17,856 1,942 122,141 |
Total 2021 £ 8,895 2,943 47,713 3,913 4,250 |
|---|---|---|---|
| 67,714 |
Page 8
Sir William Borlase Boat Club Support Group
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
3 Expenditure on charitable activities
| Note Vehicle costs Boat purchase Travel costs Coaches fees Fuel Rent Insurance Equipment repairs and maintenance Rowing kit Equipment costs General expenses British rowing subs Charitable donations Accountancy fees Bank charges |
Unrestricted General £ 1,837 50,969 811 37,831 1,270 14,300 1,429 3,669 897 2,850 673 5,253 - 1,320 49 123,158 |
Total 2022 £ 1,837 50,969 811 37,831 1,270 14,300 1,429 3,669 897 2,850 673 5,253 - 1,320 49 123,158 |
Total 2021 £ 1,129 16,784 - 18,020 1,064 10,125 445 4,167 207 4,337 1,025 9,881 600 1,380 - |
|---|---|---|---|
| 69,164 |
4 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 9
Sir William Borlase Boat Club Support Group
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Debtors
| 6 Debtors |
|||
|---|---|---|---|
| Other debtors - gift aid 7 Cash and cash equivalents Cash at bank 8 Creditors: amounts falling due within one year Other creditors Accruals 9 Funds Balance at 1 September 2021 £ Unrestricted General 35,097 Balance at 1 September 2020 £ Unrestricted General 38,457 |
Incoming resources £ 122,141 Incoming resources £ 67,714 |
2022 £ 17,834 2022 £ 28,069 2022 £ 7,739 11,576 19,315 Resources expended £ (130,650) Resources expended £ (71,074) |
2021 £ 9,700 |
| 2021 £ 37,892 |
|||
| 2021 £ 11,295 1,200 |
|||
| 12,495 | |||
| Balance at 31 August 2022 £ 26,588 |
|||
| Balance at 31 August 2021 £ 35,097 |
Page 10
Sir William Borlase Boat Club Support Group
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
10 Analysis of net assets between funds
| 10 Analysis of net assets between funds | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 45,903 (19,315) 26,588 Unrestricted funds General £ 47,592 (12,495) 35,097 |
Total funds at 31 August 2022 £ 45,903 (19,315) |
| 26,588 | ||
| Total funds at 31 August 2021 £ 47,592 (12,495) |
||
| 35,097 |
Page 11