REGISTERED CHARITY NUMBER.. 1093261 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for The E ot Centre Villar5 Hayward LLP Chartered Accountants, Chartered Tax Advisers and Registered Auditors Boston House Henley-on-Thames RG9 IDY
The E ot Centre Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Activitles Balance Sheet Notes to the Flnancial Statements 8 to 15 Detailed Statement of Flnanclal Activltles 16
The E ot Centre Re ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report wlth the financlal statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reportlng by Charitles.. Statement of Recommended Practice appllcable to charlties preparing their accounts in accordance wlth the Financlal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The objectlves of the Charity are to educate and assist people through thelr leisure time activitles so as to develop thelr physical, mental and spiritual capacities that they may grow into full members of society and that their conditions of life may be improved and in furtherance of those objects to provide In or near the town of Henley-on-Thames a centre for meetings, lectures, classes and other forms of leisure tlme occupation with an emphasis on the development of young people and to do such other things as shall at all tlmes be charitable in law. The Charitv 15 continuing to meet its oblectlves - it is also actively seeking to grow in membership and expand Its activities for younger people. Volunteer help has not been given value in the accounts, as the value is not easily quantifiable and measurable. The Charity recelved volunteer help throughout the year. The Trustees are extremely grateful for the help given and would like to thank all the volunteers for their efforts. Publlc benefit In line with the Charities Act 2011, the Trustees have considered the activities undertaken to further the Charity's purposes for the public benefit. The Trustees believe that identlflable bertefits are the facilitles of the Charity and coachlng in varlous leisvre time activlties that are made available to the members of the Charity. Membership is available to any member of the publlc, Irrespectlve of their geographlcal location or abllity to pay the membership subscriptions requested. Page I
The E ot Centre Re ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE The Duke of Edinburgh Club, the Henley Canoe Club and the Henley Dragon Boat Club all contlnue to Serve their members in accordance with the alms of the Charlty. Throughout the year the Eyot Centre opened to its full operational and fundraising activities with the facilities of the Centre, Including the bullding and surrounding land, continuing to be available for hire to groups for functions including reception5, meetlngs, school camps, outdoor theatres and other events of benefit to the local community. The Duke of Edlnburgh Club has provided a full and active programme of youth activities due to the contlnuing help and support of many of its Leaders and being able to successfully offer and dellver all three levels of Bronze, Silver and Gold Award schemes. Yes, the weather has been a little Inclement this year, but thls has not deterred the enthusiasm, use of superb Centre equipment and the dedicated learning by following simple guldelines allowlng all our expeditions to go ahead and be successful - all of our vovngsters have been able to learn and pick up many life-skllls for the long-term. The Henley Canoe Club has seen the usual turnover of members as some of the older youth members start to priorltlse their exams or move away for further studies. It has been encouraging to see a number of the older youth members develop Into coachinB roles and help support the Tuesday evening sesslons as well as supporting some of the external groups and holiday camps at the Centre. We contlnue to develop the younger paddler skills Wlth a full range of paddling activitles as well as building thelr confidence on the water wlth safety and rescue training. The adult canoe section are pleased to be able to support the Centfe's work with the numerous schools and youth groups who attend the Centre. For many of these schools and external youth groups their time at the Centre has become a regular highllght of thelr year. We have worked with Oxfordshire County Council to provide holiday camp5 durlng the Easter and Summer school holldays for young people through thelr Holiday Actlvities and Food IHAFI proBrammes these camps provlde the water sport activities for young people who might not otherwise have been able to enjoy such an experience. The Dragon Boat Club contlnued their trainlng activities In the form of Indlvidual and multi seat craft for trainlng sessions. The Section has undergone a name change to incorporate the additional opportunity of Outrigger Canoeing at the Centre this Section is now called "Henley Dragonboat and Outrlgger Racing Team" Sadlyi due to red-boards being applied to the Rlver Thames from October to April 2024, the water training opportunities had been restricted single boats were towed to nearby lakes to ensure training could continue and where possible conducted wlth additional land-based training. We have attracted a few new members to the sport, whilst thanking those long-committed members as they took a step back and moved away from the Centre. New and existing members have tralned hard with the opportunlties given to them and amazingly elght Henley members successfully trlalled for the GB Dragonboat Team and will be representing Team GB in Prague in July 2024. The Section has appointed a new and motivated Chair who wlll lead the Sectlon looking after and guiding Its members and also a new commlttee has been formed so the future looks good for both Section and Centre. The Coaches have continued to give up their time and run multiple sesslons throughout the week. All dragons are aware of the importance of attracting new members to the Centre and showing them all activities across the Sections available to them. They continue to raise the general awareness and understand the contrlbution the Section makes to the Centre's fundraislng activities - one being the Henley Winter Series Racing. The Centre was able to host only one of four races prlor to the river conditions turnlng sour. with the river's red-boards sadly causing races to be cancelled for the rest of the Wlnter period. Flnally, The Charlty takes advantage of its geographical locatlon to annually open Its grounds as a car park and mooring facility during the renowned Henley Royal Regatta thls enables it to ralse funds to malntain the property and grounds and a chance to welcome both old and new vlsitors alike back to the Centre. FINANCIAL REVIEW The Charity had net Incoming reseNes of £21,28512023'. £9,629). The closlng reseNes were £716,33812023: £695,053) which Is made up from 2 types of funds. The balances of each fund are detailed in note 11. The purpose of the reserves are.. Unrestrlcted Funds The unrestricted funds represent amounts received by the Charity whlch are not donated for a specific purpose, but for the general advancement of the Charity's aims. These amounts could be raised through charitable actlvlties or other trading activities. They are spent at the discretion of the Trustees, but Include fundlng the ongolng operations and general maintenance of the Charity's bulldlng and slte. Thls fund also includes a general level of future fundlng requirements to maintain the Charity's operatlons, should any major change occur to its income streams. Deslgnated Funds The designated funds represent money set aside for the capital malntenance and Improvement of the Charlty's buildings- these Include the club house. boat and trailer stores, the landing Stage and the grounds. - The Trustees belleve the reserves are sufficient to meet the future needs of the Charlty- this is monltored on an annual basls. Page 2
The E ot Centre Re ort of the Trustees forthe Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The governlng document of the Charlty Is the constitution that was adopted on 21 lune 2002 when the Charity was a Canoe club run by a management committee under the direction of the Trustees, of the Thamesfleld Youth Assoclatlon, a registered Charitv (Charity No. 3043151, the Charity is still affiliated to the Thamesfield Youth A550ciatlon. The Trustees of the Thamesfleld Youth Association are the Custodian Trustees of the Eyot Charity. The Charlty is run by a commlttee of Charity Trustees conslstlng of a Chair, Vlce Chair, Secretary, Treasurer, one Chair and Youth Representative per actlve gection of the Charity, plus one Fundralsing Officer plus the Trustees of the Thamesfield Youth Association who for the time belng are ex off icio. Trustees are members of the Charlty and are at least 18 years old. They are elected at the Annual General Meeting by the members. They are familiar with the workings of the Eyot Centre, The Eyot Management Commlttee 5ubscrlbe to NCVO and members are encouraged to utllise the training and Information this organisatlon has to offer. Trustees do keep themselves famlllar wlth app5icable Health & Safety and Safegvarding Laws applicable to the Charity. The Committee meets not less than six times a year and has a quorum of four members. With the exceptlon of the Trustees of the Thamesfield Youth Assoclatlon the committee members are elected annually at the Annual General Meeting. The Chalr and Treasurer shall not serve contlnuously for more than five years in office. For the year ended 31 March 2024 the Charlty has maintsined its three active sections belng.. Henley Canoe Club Henley Dragon Boat Club - The Duke of Edinburgh Award Club The Duke of Edinburgh Award Club was established In january 2011 to allow young people to partlclpate in the Duke of Edinburgh's Award Scheme. At the AGM on 6 October 2011 the Constitution of the Charlty's management committee was modified to include It as a formal section of the Charlty. The Henley Dragon Boat section came Into exlstence on l July 2003 when the Henley Dragon Boat Club merged with the Charlty. Prior to the merger members of the Dragon Boat Club were appointed to the Charity's management commlttee in recognition of the planned merger. Following a honeymoon period, the assets and funds of the Henley Dragon Boat Club were donated to the Charity. Full detalls of the Charity's related partles are given in Note 12. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1093261 Principal address The Eyot Centre Wargrave Road Henley-on-Thames RG9 3JD Trustees Mrs G M Dodds Custodian trustee E Hodgkin Custodian Trustee C Wilkinson Custodian Trustee C Cassell Vice Chairperson Mr T Nunn Treasurer B Roberts HCC Representative Mf K B Nutt Duke of Edinburgh Representative Dr J R Laverty Secretary J Thompson Chalrperson IActingl E Cornwell Secretary C Pearson Secretary (Acting) M Lorlng Treasurer M Parker Duke of Edinburgh Youth Representative R Massey HCC Representatlve G Edmunds HDBC Representatlve F Balkwlll HDBC Youth Representative Iresigned 17.5.231 Iresigned 13.9.231 (resigned 13.9.231 (appointed 6.3.241 (appointed 13.9.231 Iresigned 2.11.231 (appointed 6.3.241 lappointed 13.9.231 Iresigned 3.1.241 lappolnted 13.9.231 lappolnted 6.3.241 Iresigned 1.5.231 Page 3
The E ot Centre Re ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Villars Hayward LLP Chartered Accountants, Chartered Tax Advlsers and Registered Auditors Boston House Henley-on-Thames RG9 IDY The Eyot Centre was constituted as a separate charity on l August 2002. ed fy order of the board of trustees on . and signed on its behalf bv: Mr T Nunn- Trustee Page 4
Inde endent Examlner's Re ort to the Trustees of The E ot Centre Independent examlner's report to the trustees of The Eyot Centre I report to the charity trustees on my examlnation of the accounts of The Eyot Centre (the Trust) for the year ended 31 March 2024. Re5ponslblllties and basis of report As the charity trustees of the Trust you are responsible for the preparatlon of the accounts In accordance wlth the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out mv examination I have followed all applicable Difectlons given by the Charlty Commission under Section 14515llbl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connectlon with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charltles IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whlch Is not a matter consldered as part of an independent examinatlon. I have no concerns and have come across no other matters in cortnectlon wlth the examinatlon to which attentlon should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. b,'&&J. f4" 8FP, AU, CTA Nlcholas M Smith BFP, ACA, CTA Villars Hayward LLP Chartered Accountant5, Chartered Tax Advisers and Reglstered Auditors Boston House Henley-on-Thames RG9 IDY Date: Page 5
The E ot Centre Statement of Financlal Activities fortheyear Ended 31 March 2024 31.3.24 Unrestricted funds 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 45,820 51,699 Other trading actlv5ties Investment income 85,593 1,763 65,471 249 Total 133,176 117,419 EXPENDITURE ON Raising furtds 111,891 107,790 NET INCOME 21,285 9,629 RECONCILIATION OF FUNDS Total funds brought forward 695,053 685,424 TOTAL FUNDS CARRIED FORWARD 716,338 695,053 The notes form part of these financial statements Page 6
The E ot Centre Balance Sheet 31 March 2024 31.3.24 Unrestricted funds 31,3.23 Total funds Notes FIXEO ASSETS Tangible assets 581,666 584,798 CURRENT ASSETS Debtors Cash at bank 8,527 189,469 14,911 164,721 197,996 179,632 CREDITORS Amounts falling due wlthln one year io 163,3241 169,3771 NET CURRENT ASSETS 134,672 110,255 TOTAL ASSETS LESS CURRENT LIABILITIES 716,338 695,053 NET ASSETS 716,338 695,053 FUNDS Unrestricted funds.. General fund Designated fund li 667,190 49,148 645,905 49,148 716,338 695,053 TOTAL FUNDS 716,338 695,053 The flnanclal statements were approved by the Board of Trustees and authorised for Issue ort . signed on its behalf by: 111011202 .and were MrT Nunn-Trustee The notes form part of these financlal statements Page 7
The E ot Centre Notes to the Flnanclal Statements forthe Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the f inancial statements The financlal statements of the charitvi which is a public benefit entlty under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financlal Reporting Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is included on the Statement of Financlal Actlvlties ISOFAI when: il the charity becomes legally entitled to the Income (accruals basis); and ill the trustees are suff iciently certaln they will receive the income,. and iiil the monetary value can be measured with sufficient reliablllty. Income wlth related expenditure is reported gross In the SOFA Irelated income and expendlture are shown separately as Income and costs). Gifts in kind are recognised as Income at falr value or value to the Charity if the gift can be rellably measured. Glfts in kind for Sale or distributlon are included in the accounts at the fair value when recelvable, which is the expected proceeds from sale less the expected cost of sale, if anv. Gifts in klnd for use by the charity are included in the SOFA as income when receivable. Donated servlces and facllities are only included as Income Iwith an equivalent amount in expenditure) when received, provlded that the benefit to the charlty is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated valve to the charlty of the service or facility received. Volunteer help recelved 15 not attributed a value or included in the accounts, but reference is made to this help in the Trustees, annual report. Expendlture Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the category. Where costs cannot be dlrectly attrlbuted to particular headlngs they have been allocated to activities on a basis consistent with the use of resources. Liabllltles are recognised as expenditure a5 soon as there Is a legal or constructive obligatlon committing the charity to that expenditure, It is probable that a transfer of economic benefits wlll be requlred in settlement and the amount of the obligation can be measured rellably. Expenditure Is accounted for on an accruals basis and has been classlfled under headings that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to particular headings they have been allocated to actlvities on a basis consistent wlth the use of resources. Governance costs include the costs of the preparation and estimation of statutory accounts. Trustees, meetings and the cost of any legal advlce to Trustees on governance or constitutional matter5. Tangible flxed a55ets Tangible flxed assets for use by the charlty include capltallsed bullding costs for the new centre bullding. These costs Include the architect and surveyor fees. The building was ready for use in June 2008 and depreciation commenced at this date. Depreciation Is provided to write off the cost less the estimated residual value of tangible flxed assets by equal instalments over their estlmated useful economlc lives as follows: Building life of lease of underlying land Plant and machinery 3 years straight Ilne Fixtures and fittings 3 years straight Ilne Canoes and Kayaks 5 years stralght line Trailers 5 years straight line Dragon Boats 10 years straight line General and office equlpment held by the Charity less than £1,000 in value have not been capitalised. Page 8 continued...
The E ot Centre Notes to the Financial Statements- continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- contlnued Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used In accordance with the charltable objectives at the dlscretion of the trustees. Further explanation of the nature and purpose of each fund is included in the notes to the financlal statements. Publlc beneflt entlty The charity constitutes a public beneflt entlty as defined by FRS 102. Flnanclal Instruments The trust only has financial assets and flnanclal Ilabilities of a kind that quallfy as basic financlal Instruments. Concessionary loan5 received are Inltlally recognised and measured at the amount received with the carrylng amount adjusted in subsequent years to reflect repayment5. any accrued Interest and adjusted If necessary for any Impairment. Details of the concessionary loan from Thamesfield Youth Association are disclosed in note 12. Debtors Trade and other debtor5 are initially recognised at transaction price and are subsequently remeasured to amortlsed cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterlal. In such cases, the receivables are stated at cost less Impairment losses for bad and doubtful debts. Cash at bank and in hand Cash and cash equivalents comprlse cash at bank and in hand, demand deposits with banks, other short-term highly Ilquid Investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities. Creditors Trade and other creditors are inltlally recognised at transaction prlce when there Is a legal or constructlve obllgatlon committing the charity to that expenditure. Creditors are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be Immaterlal, In which case they are stated at cost. Going concern The charity has a reasonable expectation that there are adequate resources to contlnue In operational exlstence for the foreseeable future. It has therefore continued to adopt the golng concern basls In preparing its financlal statements. Exemption from preparing a Cash flow statement The charity has taken advantage of the exemption for smaller charities to produce a cash flow statement. Reserves The Charity holds two funds. the balances of which can be Identlfled in note 11. The purpose of the funds are: Unrestrlcted funds - The unrestricted funds represent amounts received by the charity which are not donated for a specific purpose but for the general advancement of the Charity's aims. These amounts could be raised through charitable activities or other trading activities. They are spent at the discretion of the Trustees, but inclL¢de funding the ongoing operatlons and general malntenance of the Charity's building and slte. This fund also Includes a general level of future funding requirements to malntaln the Charity's operations, should any major change occur to Its Income streams. Deslgnated funds - The designated funds represent money set aslde for the capital malntenance and improvement of the Charlty's bulldlngs. These include the Club House, boat and traller stores, the landing stages and the grounds. The trustees believe the reserves are sufflclent to meet the future needs of the Charity. This is monltored on an annual basis. Page 9 contlnued...
The E ot Centre Notes to the Financial Statements- contlnued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Hlre of centre Regatta car parking receipts Dlsposal of equipment 58,841 24,352 2,400 46,413 19,144 1861 85,593 65,471 INVESTMENT INCOME 31.3.24 31.3.23 Interest receivable - trading 1,763 249 RAISING FUNDS Raising donatlons and legacles 31.3.24 31.3.23 Courses and instiuctor fees Costs of hosting events Aff iliation fees and licences Advert15ing and IT Depreciation Support costs 43.840 3,647 1,471 453 20,644 41,836 33,309 10,246 1,982 442 16,356 45,455 111,891 107,790 SUPPORTCOSTS Management Raising donatlons and legacles 41,836 Support costs, included in the above, are as follows: 31.3.24 Ralsing donatlons and legacles 31.3.23 Total attivities Insurance Light and heat Telephone Sundries Management costs Malntenance and cleanlng Repairs 8.209 14,262 704 112 5,789 5,520 7,240 6,836 12,878 1,909 146 5,045 5,398 13,243 41,836 45,455 Page 10 continued...
The E ot Centre Notes to the Financial Statements- continued forthe Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted funds INCOME AND ENDOWMENTS FROM Donatlons and legacles 51,699 Other trading actlvities Investment Income 65,471 249 Total 117,419 EXPENDITURE ON Raising funds 107,790 NET INCOME 9,629 RECONCILIATION OF FUND5 Total funds brought forward 685,424 TOTAL FUNDS CARRIED FORWARD 695,053 TANGIBLE FIXED ASSETS Plant and machinery Canoes and kayaks Long leasehold COST At l April 2023 Additions 744,634 16,019 44,181 8,963 At 31 March 2024 744,634 16,019 53,144 DEPRECIATION At l April 2023 Charge for year 170,286 14,400 11,702 1,480 38,063 4,054 At 31 March 2024 184,686 13,182 42,117 NET BOOKVALUE At 31 March 2024 559,948 2,837 11,027 At 31 March 2023 574,348 4,317 6,118 Page 11 contlnued...
The E ot Centre Notes to the Financlal Statements- contlnued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS- contlnued Dragon boats Trailers Totals COST At l April 2023 Additions 4,830 10,202 8.547 819,866 17,510 At 31 March 2024 4,830 18,749 837,376 DEPRECIATION At l April 2023 Charge for year 4,830 10,187 708 235,068 20,642 At 31 March 2024 4,830 10,895 255,710 NET BOOKVALUE At 31 March 2024 7,854 581,666 At 31 March 2023 15 584.798 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors other debtors Prepayments and accrued income 402 150 7,975 489 1,717 12,705 8.527 14,911 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade treditors Other creditor5 1,529 61,795 1.175 68,202 63,324 69,377 Deferred income added in the year amounts to £53,48812023'. £56,913) and the amount released to income from previous periods amounts to £60,829 12023.. £40,625). Included withln deferred income is a balance of £26.507 provided by Thamesfield Youth Association towards the role of centre manager. ii. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Designated fund 645,905 49,148 21,285 667,190 49,148 695,053 21,285 716,338 TOTAL FUNDS 695,053 21,285 716,338 Page 12 continued...
The E ot Centre Notes to the Financlal Statements- contlnued forthe Year Ended 31 March 2024 ii. MOVEMENT IN FUNDS- contlnued Net movement In funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 133,176 1111,8911 21,285 TOTAL FUNDS 133,176 1111,8911 21,285 Comparatives for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrirted funds General fund Designated fund 636,276 49,148 9,629 645,905 49,148 685,424 9,629 695,053 TOTAL FUNDS 685,424 9,629 695,053 Comparatlve net movement In funds, Included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 117,419 1107,7901 9,629 TOTAL FUNDS 117,419 1107,7901 9,629 A current year 12 months and prior year 12 months combined posltlon is as follows.. Net movement In funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund Deslgnated fund 636,276 49,148 30,914 667,190 49,148 685,424 30,914 716,338 TOTAL FUNDS 685,424 30,914 716,338 Page 13 continued...
The E ot Centre Notes to the Flnancial Statements- contlnued for the Year Ended 31 March 2024 ii. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months comblned net movement in fund5, included In the above are as follows.. Incomlng resources Resource5 expended Movement In funds Unrestrlcted funds General fund 250,595 1219,6811 30,914 TOTAL FUNDS 250,595 1219,6811 30,914 Further detalls on the purpose of each fund can be found In Note l. 12. RELATED PARTY DISCLOSURES al The Thames Youth Association The Custodian Trustees of the Charity are the Trustees of the Thamesfield Youth Association, a separate reglstered charity (Charity number.. 3043151. The Trustees of the Thamesfleld Youth Associatlon are detailed on the dlsclosure page. They are also ex officlo Trustees of the Charity and are empowered to hold Land and Investments on behalf of the Charity. The Thamesfield Youth Association owns the leasehold and freehold for the land on which the centre Is located. No rent was charged for the year ended 31 March 202412023.. £nill. In the event of the dissolutlon of the Charity, any assets thereof, after the satisfactlon of any proper debts and liabillties shall be donated to the Thamesfield Youth Associatlon, bl Oxfordshire County Councll (OCCI The leasehold land leased by the Thamesfield Youth Association Is owned by OCC. cl Servlces provided by trustees No fees were paid to trustees durlng the year for servlces rendered12023'. £nill. There were no other related party transactlons for the year ended 31 March 2024. 13. PUBLIC LIABILITY INSURANCE The Charity Is covered for public Ilability insurance in a number of ways. For activities on the water, public liabllity Insurance Is derived through affiliatlons with the British Canoe Unlon and the Britlsh Dragon Boat Association. For actlvities on land, publlc liability Insurance is part of the Charity's main insurance policv. 14. GOVERNANCE COSTS There were no governance costs incurred in the year. Trustees, meetings are held at the Charity. The financla5 statements were prepared by the Treasurer for no fee12023'. £nill. Page 14 continued...
The E ot Centre Notes to the Financlal Statements- contlnued for the Year Ended 31 March 2024 15. INDEPENDENT EXAMINER N M Smlth BFP, ACA, CTA acting on behalf of Villars Hayward LLP as independent examiner will be paid a fee of £720 inc VAT12023: £7201 for the Independent Examlnation and £1,920 inc VAT12023: £1,920) for accountancy services, which will be paid on behalf of the Charity by the Treasurer, 16. EMPLOYEES AND KEY MANAGEMENT PERSONNEL The charity employs a centre manager whose costs are subsldised by Thamesfleld Youth A550clation. The charlty has no other paid employees. The key management personnel of the charity comprise the trustees. Page 15
The E ot Centre Detailed Statement of Financlal Actlvltle5 for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacies Courses Competitive events hosted Thamesfield fundlng Subscriptions 16,274 7,226 10.327 14,398 6,855 20,119 22,320 45,820 51,699 Other trading actlvities Hire of centre Regatta car parklng receipts Disposal of equipment 58,841 24,352 2,400 46,413 19,144 1861 85,593 65,471 Investment income Interest receivable- trading 1,763 249 Total Incoming resources 133,176 117,419 EXPENDITURE Raising donations and legacies Courses and instructor fees Costs of hosting events Afflllation fees and licences Advertlsing and IT Depreclation of tangible fixed assets 43,840 3,647 1,471 453 20,644 33,309 10,246 1,982 442 16,356 70,055 62.335 Support costs Management Insurance Light and heat Telephone Sundries Management costs Maintenance and cleanlng Repairs 8,209 14,262 704 112 5,789 5,520 7,240 6,836 12,878 1,909 146 5,045 5,398 13,243 41,836 45,455 Total resources expended 111,891 107,790 Net Income 21,285 9,629 This page does not form part of the statutory flnancial statements Page 16