Charity registration number.. 1092936 Sir William Borlase Boat Club Support Group Annual Report and Financial Statements for thc Ycar Ended 31 August 2024
Sir William Borlase Boat Club Support Group Contents {contfinued) Reference and Administralive Details Ttuslees, Rert 2104 Statement of Tnjstees, Responsibilities Independent Examiner's Report Statement of Financial Artiviti¢s Balance She¢t Nots to the Financial Siatements 91014
Slr Wllllam Borl85¢ Boat Club Support Group Reference and Administrative Detai15 Trustees S Britton C Clarke C Goodchild J K¢ir A Palmer J Parker Charity ReEiitrAtlon Number 1092936 Prlllelpal Office Sir William Borlas¢'s Grammar School West Street Marlow SL7 2BR Independent Examlner Sterling CFrove Accountants Fawl¢y House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 STD Page I
Slr Wllllam Borlase Boat Club Support Group Trustees, Report Thc trustecs present the aDIll1 report together with the financial statcmcnts of the Lharity for th¢ year endcd 31 Augusl 2024. Objecdves And VId Objects andAkns Sir William Borlase Boat Club Support Group wo8 cstablished to promote participation in amateur sport and healihy recrealion thruugh the provision of facilitic& cncouragement and instruction in rowing for the pupils or Sir Williarn Borldse's Grdmmar School. It &chicved charitable status from the Charities Commission on 12 July 2002. Thc ¢lub's objectives are both to enable widespread participation in the sport, as a leading stal¢ ti6houl. rccognising that clite perfomiance is a mechanism for promoting p&rtiCiPgtion. Public benefif The primary activity is io providc training that enables opprtunities for participation in rowing at all l¢vels, including at the elite repre8entative levels, for pupils of Sir William Borla5e'5 Grarnmar Sehool. Although Sir William Borlase Boat Club Support tiroup wa5 t-Up for the benefit of pupils, the boats can bc madc available for Se by the generdl publi¢. The truBIccs confirni that they have compli¢d with the requirements of section 17 of the Charities A¢t 201110 have dlte regard to the publie benefit guidance published by the Charily CommiloTr for E'ngland and Walcs. Achievement9 and performance During the period to 31st August 2024 Sir William Borla4e's Boat Club provided opportunities for approximately 150 individua15 lo engage in sport on a recreational and Competitive basis. This has been a very challenging period As & result of persisteni flooding and environmentsl chall¢n8CS associated with the stretch of river c105egt ¢0 th¢ boat house. Many races and re8atta8 were canccllcd. In addition. the school used by the row¢r5 was identified in September 2023 as having RAC concrclc issues. The rowers spent the winier months trainin8 on ¢r8 machines under canvas. Further, in June 2024 th¢ club was forced to depart the exi8tin8 bnat 8lte at IK)ngridg¢ where they had trained from since 2007. A n¢w 5lte on ihe other Ride of the river was finally occupied subsequent to the year<nd in October 2024 aT]d the gym was made available again from November 2024. r)espite these IBSUCS the club had some notable perfonn8ncc4 noi leasi the W16x crew winning the Junior Interregional Re8atta, a first national championship win for several years. Par¢nt$ and supports have been very active in coming together and subsequent lo the year end the club has recovered a resilient number of rowers and financial position. Pa¥e 2
Sir William Borlase Boat Club Support Group Trustees, Report (continued) Finfinelal revlew IncoTnc consists primarily vf volulltsry donations. Donattons fell as a result of the challenging conditions and rL.ducrd ability lu rvw. Costs prirnarily wnsist of c¢)aching salaric8 and fees, site hire, Ilritish Rowing membership8 fees and costs associated with servicing and mainiaining boats and equiprnenl. Costs remained broadly consistent year on y¢ar de8pile the increased expendire required to enable rowers to parti¢ip8te under canvas throu8h the winler and in site move readiness. These costs are primarily incued through Sir William Borlase's Grammar SLhool. Donations are granted to cover agreed budgets. Costs are subjeLI to scrutiny by the Sir William Borla¥e'¥ Boat Club Supporters. Club Comrnitte¢. tn addition, the Chlty undertook fundraising in 2022 to make a pattent to the Marlow Sebool's Boat House Charity of £15,000, This amounl was lo be donaicd only if thc silc move was 8oing ahead and 80 was not recognised as an obligation in prior years as il wa8 concin8eni on a future evenL This amount w&s paid during the year. Pollcy on reserves The Lhurily's aim is huve a minimum of 2 monihs committed expenditure in reserves lo en#blc u8 to meet any financial commitments Ihcy f411 duc. Trustees Ind offlcers Thc tTUStccs and olTiccr5 scrving on thc Cornmillee durin8 the year And since the year end wcrc as follows.. A M Bonc (rc&igncd l April 2025) D Batcson (resigncd l O January 2024) S Britton (appoinled 30 April 2025) C Clarke (appointed 10 January 2024) N Dowijes (resigned 31 January 2024) C Goodchild (appointed 30 April 2025) P Gray (re5ign¢d 10 January 2024) C l-lall (resigned l April 2025) M Ilunt (resigned l April 2025) J Keir (appointed 10 January 2024) J mOlY (resi¥ned l April 2025) A Palmcr (appointcd 12 March 2025) J Parker (appoini¢d 30 April 2025) Strudure? governAnce and man*%ement Recruibnenl ond appoinlmenl ofirnslee Trustees are appointed at the atmual AGM or by ex¢eption, as rquired by the cornmitte¢.
Sir William Borlase Boat Club Support Group Trustees, Report (continued) Opemting strtsciiire The Str Williarn Borl08¢ Boat Club Support Group Comtnittee has oversight of the rowing activities undertaken and mwed by the Director of Kowing, coaching 8t&ff and oth¢r ¢oa¢hes contracted by Sir Willtam Borlase Grammar School. The School is responsible for ensuring that the rowing programme is managed and delivered in &ccordance with the rules and expectations established by British Rowing. The School manages the rowers, the rowers. safety, the equipmen( membership lists. administration and day to day nmning of the rowing Club. It reports back to the Commit¢¢e at least annually. Th¢ Sir Willi8m Borlase Boat Club raises fiuth to cnable the school to purch¢ rowing equipment and to cover pre-agrved costs. including the provision of Towill8 ¢08¢h¢5. Should the School incur excess c08ty above Ihose thai Ihe Commille¥ hus Lummitt to reimburse, they are the responsibility olthe School. The annual report was approved by the ttustees of the charity on 3 July 2025 and signed on its behalf by: C Clarke Trustee Page 4
Slr Wfjlllam Borlase Boat Club Support Group Statement of Trustees, Responsibilities The trustees arc rc5ponsible for preparing the trnStees' report and the financial statcmenls in accordance with the United Kingdom Accounting Standards (United Kingdom Generdlly A¢¢epted AOUntIng Practice) and applicable law and resulalions. The law applicable to Charities Tequires the irnsiees to prvpaTL. funCIal stst¢m¢nts for each financial year which give a tru¢ and fair view of the slaie of arrairs uf Ihe Lharity and of th¢ incoming reSoUrS and application of resources of the charity lor thal period. In praring thcsc financial stalements, the tntreS are required io.. select suitable accounting policies and then apply them consistentlyj observe the Tnethods and principlcs in the Charilies SORP; make judgements and estimates that are reasonable prudent. slate whether applicable accounting standards have been followed, subjecl to any material d¢parture8 disclosed and explained in the fuwicial s¢alements: and prepare Ihe finanLiiII statcm¢nts on th¢ going ¢on¢em basis unless it is inapproprialc to presume thai the churity will continu¢ in busincss. The trust¢ey are responsible for keeping proper COUntIng rordS that disclose with reasonable accuracy at any time the finanoial position of the charity and enable Ih¢m to ensure that the financial stalements comply with the Charities Act 2011, th¢ Charit1¢5 (Account5 and Reports) Regulations 2008, and the provisions of the constitution. The trus1¢¢8 4r¢ also r¢Sn81b1e for safeguarding ihe assets of the charity And hence for taking reasonable sleps fur the preven(ion and detection of frnud and other irregulariti¢s. The Iru8tees e responsible for the maintenance and integrity of thc corporate and financidl infomiation included on the charilablc Company's w¥bsiie. Legislmtion govcrnins the preparation and dissemination of financial statements may differ from legislation in oth¢r jurisdictions. Approved by the trusiees of Ihe charity on 3 July 2025 and Signed tsn its behalf by: C Clarkc Trustcc Page 5
Sir William BorlAse Boat Club Support Group Independent Examiner's Report to the trnstees of Sir William Borlydse Boat Club Support Group I report to the trustees on my examination of the accounts of Sir William Bvrlasc Boat Club Support Group for the year ended 31 August 2024. Respon8lbllldes And ba81s of report As the charity trustees of Sir William Borlase Boat Club Support Group you Tegponsible for the preparation of the accounts in ac¢ordance with the requiremen15 Ufihe Charilics Act 2011 {'the Act.). I report in respect of my examinalion of the Sir William Borlase Boat Club Support Group's accounts carried out under section 145 ut the 2011 Act and in cgrrying out my examination I havc followcd all the appliLabl¢ Dir¢ciion$ given by th¢ Charity Commission under se10n 145(5)(b) of the Act. Independent examlner's 5twtemeni I have complcted my examination. L COnfn that no material matters have come to my altention in connection with the examination giving me cause to believe that in any material rcspcct.. l. accounting records wer¢ not kcpt in respect of Sir William Borlasc Boat Club Support Group as required by section 130 of the ALI. or 2. the accounL8 do not a¢¢ord with those records: or 3. thc #LLounl¥ do not ¢omply with the attounting requirements concerning th¥ fom] and contenl of aLcuunts s¢1 oui in th¢ Charitics (Accounts and Reports) Regulation$ 2008 oiher than any requircmenl that the accounts give a 'irue Ind fair view, which is not a maller considcrcd as part of an indcp¢nd¢nt ¢x4minalion. I have no concerni* and have comc Across no other matters in conneclion with the examination lo which aLlcnlion should be drawn in this rcport in ordcr to enable a proper understanding of the aLLounts to bc reaGh¢d. Glanni Pietro Amasanti FCCA Association of Chartered Certified Accountants Fawley House 2 Regatta Place Marlow Road Bourne F.nd Buckinghamshire SL8 STD Dale:...!.)......). Page 6
Sir William Borlase Boat Club Support Group Statement of Tr inanclal Activities for the Year Ended 31 August 2024 Unre5trlcted funds TOL91 2024 Note Incon And Endowments from: Donations and legacies 71.621 71.621 Total income 71.621 71,621 Expenditure on: Raising funds Charitable activiiies Other expeoditure (868) (87,209) (15,000 (868) (87,209) (15,000) Totsl ¢xpenditure Nei ¢xpendilure 103.077 103,077 31.456 31,456) Net movement in fidS (31,456) (31,456) Recon¢iliatiDn offundl Total fimds brought forward Total fiinds carricd forward 44,693 44,693 12 13,237 Unrestrlcted runds 13,237 Total 2023 Note Income Endowmentj from: Donauons and le8acies 105,890 105.890 Total in¢omc 105,890 105,890 Expendlture on.. RAising fimds Charitable activities (3.309) 84.476 (3,309) (84,476 Total expertditure 87,785) 87.785 Net income 18,105 18,105 Net movement in fun(ts 18,105 18,105 ReconclllatloD of funds Total fimds brought forw&rd 26,588 26,588 Total funds c8rricd forward 12 44.693 44,693 All ofihe charity's aGlivili¢s derive from continuing operations durins the above two periods. The funds breakd0th for 2023 is bhown in not¢ 12. The notes on pages 9 to 14 lorni an inlcgrdl part of th¢se fina181 slalements. Page 7
Sir William Borlase Boat Club Support Group (Registration number: 1092936) Bal4nce Sheet as at 31 August 2024 2024 2023 Note Current assets Debtors C8sh at bank and in hand 30,903 20.417 29,472 37,189 io 51,320 66,661 Credltori: Amounts falling due wlthln one year Net assets 38.0113 21,968 13,237 44,693 "unds of the charlty: Unrestrlcted income fundi Unrestrickd fid8 13,237 44,693 Total funds 12 44,693 The financi81 slalements on pa8¢s 7 to 14 were approved by the trust¢¢s. and authorised for issue on 3 July 2025 and signcd on Ihcir behalf by: Trnqtee The notes on paget> 9 to 14 forn) an inlcgral part of these fthancial stat¢m¢nfs. Page 8
Sir William Borlase Boat Club Support Group Notes to the Financial Statements for the Year Ended 31 August 2024 l A¢¢ounting policles Sta¢ement of compliance Th¢ financial statements have been prepared in 4c¢ordance wilh the second edition orth¥ Charitic$ Statement of Recommended Practlfc Issud in October 2019. the Financial Reporting Standard applicabl¢ in the United Kingdom and Republic of Ireland (FRS 102) and the Charitie8 Act 2011. B&g19 ofprepAr&tlon Sir William Bor1&8e Boat Club Support Group rneets the definiiion of a public benefit cntity under FRS 102. The accounts (fianCIal slatements) have been Prcparcd under ihc historical cost convention with itm5 recognised at cost or transaction value unless otherw75¢ ststcd in thc rclcvant note(s) to thesc account8. Goin£ contern The Iruslees cont>ider that thcr¢ ar¢ no material uncertainties about the charily's ability lo continue as a goin8 onL¢m. Income And endowments Voluntary income including don&lions. gifts. IL'gaLics and grants that provide core funding or are of a gcneral nature is recognised wh¢n Ihe charity hhs cntiilcmcnt lo the income. 11 is probable that Ihc income will be received and the amount can bc mcasurcd with sufficieni reliability- Donation.¥ and legacies Donations and legacie5 are rLwfjJni¥cd on a rcccivable b8sis when receipt is probable and the amount can be reliably measuT¢d. Expendlture All expcnditure is recogniscd once there is a l¢gal or ¢OD$lructive obli¥alion to that exp¢ndilure, it is probable scttlemenl is required and the amouni can be mea¥urcd rcliably. All cos18 are allocated io the applicable expenditure heading that aggregai¢ similar CQ$ls lo that calcgory. Whcrc co.4Lq cannot be diwcily attributed I particular headings they have been allocated on a basis consisicnt with the use nf resourc45. with central staff costs allocated on th¢ bxsis Of time spent, and depreciation charges allocated on the portion ol the assel's u. Oth¢r sUPPOrt Gosls are allocatcd bascd on the spread of staff costs. Raisingf¥Hd5 These are costs in¢u¢d in attractin8 voluntary incomc, the n)anagement of investh)ent8 and those incutred in trading activities thal rait>e funds. ChtTritdble aelivilies Charitable expendilure comprises those costs incurred by the charity in thc delivery of its activilies alld 5eryiccs for its ben¢ficiarie5. 11 includes both costs that can be allocated directly to 5u¢h activities and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable the Gharity'5 compliance with constitutiona] and statutory r¢quitements, including audiL strategic management and trustees meetings and reimbursed expen5¢S. Page 9
Sir William Borlase Boat Club Support Group Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Trade debtors Trdde debtors are amounts due frorn members for seryices perfonned in the ordinary course of business. C4Jh and cash equlvalentj Cash And cash equivalents comprise cash. Fund jtrurtre Unrestricted income funds are general fimd8 that are available for use at the trustees discretion in fLwtherance of the objectives ofthe charity. 2 Ineome from donatlons and legAcles Unreitricted Total 2024 Tot21 2023 General Donation$ Hoat hire und rnising Parenlal donations Gift Aid rcclaim&blc 2,336 9,411 76,745 17,398 3,032 54,944 13.645 3,032 54,944 13,&15 71.621 105.890 Page 10
Sir Wiuiam Borlase Boat Club Support Group Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 3 Expendltur¢ on charltable a¢tlvittes Unrestrlrt¢d Total 2024 Tothl 2023 General Note Vehi¢le wsts Boat purchase Travel costs Coaches fees Fucl Rcnt Insurance Equipment repairs and maintenan¢¢ Rowing kit Equipmcnt costs General expen8es Brit18h rowing subs Bank rharg Govcrnanco costs 1,266 1,266 2,321 15.351 1.021 31,562 1,088 l5,125 264 6,734 127 3,733 629 5.139 62 4,264 46.566 720 18274 264 4.264 46,566 720 18,274 264 2.197 2.513 61 4,860 60 ,320 87.209 2,197 2.513 61 4,¥60 60 87,209 84,476 4 Other expendlture Unr¢8¢rlcted funds Gen¢ral Total rundi Note Dunalions paid 15.000 15,000 Total for 2024 This donalion was paid to Marlow Schools Boat I louse Charity. Page 11
Sir William Borlase Boat Club Support Group Notes to the FinY4ncial Statements for the Year Ended 31 August 2024 (continued) 5 AaAly$i$ of governance and 5UPPOrt costs Governance costs Unrestrlgted fndS General Total fund8 Ind¢pendent exarniner fees Examination of the fin¢11 ststcmen15 1,320 ,320 Tot81 for 2024 1,320 1,320 Total for 2023 1.320 1,320 6 Tru$tees remunergtlon and expeniej No tNstccs, nor any person8 connected with them. have received any remuneruliun from the charily durin¥ thc yC8r. No Iruslees have received any r¢irnbur8¢d ¢Ap¢n8¢s or any other benefits from the charity during the year. 7 llldependent exAmlner's r¢muntrAtion 2024 2023 Examination of th¢ financial statements 1,320 Page 12
Sir William Borlase Boat Club Support Group Notes to the Tr inancial Statements for the Year Ended 31 August 2024 (continued) 8 Taxatlon The charity is a registered charity and 15 therefore exempt from taxation. 9 Debtors 2024 2023 Other debtors - Gift Aid Otber debtors 30,903 17,2S8 12.214 29.472 10 CAJh and cash equlvalent$ 2024 2023 Cash 4t bank 20,417 I I Credltors: Imovnts fglllng du¢ wlthln on¢ y¢4r 2024 2023 Other creditors A¢cruals 30,636 7,447 4,753 17,215 21,968 38,083 Page 13
Sir William Borlase Boat Club Support Group Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 12 Fund$ Balance at I Sepiember 202J Ineomlng resour¢eg R¢50urces expended Balancc At 31 Au%usi 2024 UrtrIcted General 44.693 71.621 103.077 13,237 Balance At I September 2022 Incomlng resourees ources expended Balan¢e at 31 August 2023 Unreslrlcted General 26,588 105,890 87.785 44,693 13 AnAlyslg of net Assets between funds Unreitrlcted funds CenerAI Tot41 funds at 31 August 2024 Currcnt aSSLts Currcnt liabilitivs 51.320 (38,083) (38,083) 13,237 Totlll net assets 13,237 Unr¢itrlcted funds General 'I'otsi funds At 31 August 2023 Current ass¢ts CuTrcnt liabilities 66,661 21,968 66,661 (21,968 Total nel assets 44,693 44,693 Pa¥e 14