## PETERBOROUGH CITY ROWING CLUB ACCOUNTS 

## FOR THE YEAR ENDED 30th SEPTEMBER 2025 





Registered Charity No. 1095872 



## Peterborough City Rowing Club 

Registered Charity No. 1095872 

Principal Address: Peterborough City Rowing Club Thorpe Meadows Peterborough PE3 6LN Objects: 1. The promotion of community participation in healthy recreation for thebenefit of the inhabitants of the Greater Peterborough area (comprising the City of Peterborough and the counties of Cambridgeshire, Lincolnshire, Northamptonshire and Norfolk) by the provision of facilities for rowing and sculling. 2. The advancement of the physical education and development of young people not undergoing formal education. Bankers: Barclays Bank PLC 1 Church Street Peterborough PE1 1EZ Independent Examiner: Mrs Kerry Bedford KB Accountancy Limited 10 Maltby Drive Baston Lincolnshire Accountants and Mrs Kerry Bedford Tax Advisers: KB Accountancy Limited 10 Maltby Drive Baston Lincolnshire Holding Trustees of Property John Canton on behalf of the Charity: Steve Casey Hugo Spiegl 



## Peterborough City Rowing Club 

## Year ended 30th September 2025 

The following served as Trustees during the year: 

|Tracey Rushton Torpe|Chairman|
|---|---|
|Hayley Shipton|Secretary|
|Hugo Spiegl|Treasurer|
|Steve Casey||
|Alistair Ryder||





## Peterborough City Rowing Club 

Annual Report and Statement of Accounts for the Year Ended 30th September 2025 

## Contents 

2 3 4 5 7 



_**Peterborough City Rowing Club**_ 

## _**A registered Charity No 1095872**_ 

## **Independent Examiner’s Report to the Trustees** 

I report to the trustees on my examination of the accounts of the Peterborough City Rowing Club Trust for the year ended 30 September 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust 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 Trust’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 which gives me reasonable cause to believe that in any material respect the requirements have not been met in the following areas: 

- § to keep accounting records in accordance with section 130 of the 2011 Act 

- § to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. 

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. 

## _**Kerry Hall FCCA Fellow of the Association of Chartered Certified Accountants The Poplars, 32 Main Street, Haconby, Bourne, PE10 0UU**_ 

## **17 November 2025** 

2 



## **Peterborough City Rowing Club Income and Expenditure Account for Year Ended 30th September 2025** 

|**2025**<br>**INCOME**<br>Subscriptions<br>91 507<br>Donations & Non Captial Grants<br>7 204<br>Boat & Rack Hire<br>4 797<br>Course Income<br>48 847<br>Hire of Course equipment to PCRC Ltd<br>1 800<br>Interest Received<br>4 022<br>Captains Account<br>877<br>Social Account Income<br>11 112<br>Clothing Sales<br>0<br>Insurance Claim<br>0<br>Other Income<br>0<br>Charitable Donation from PCRC Ltd<br>38 927<br>**PURCHASES**<br>Social Account Purchases<br>8 268<br>Health & Safety Purchases<br>486<br>Clothing Purchases<br>0<br>**GROSS PROFIT**<br>**EXPENDITURE**<br>Rent<br>1 192<br>Rates<br>1 805<br>Water Charges<br>2 527<br>Electricity<br>16 184<br>Telephone<br>1 113<br>Fire & Intruder Alarm Maintenance<br>2 135<br>Boat Repairs & Maintenance<br>10 743<br>Property Repairs & Maintenance<br>3 862<br>Course Repairs<br>24 025<br>Coaching & Entry Costs<br>14 333<br>Non-recoverable VAT<br>3 636<br>Insurance<br>19 912<br>Cleaning & Waste<br>7 094<br>Print, Postage & Stationery<br>1 538<br>British Rowing Fees<br>2 529<br>Motor Expenses<br>2 654<br>Audit & Accountancy Fees<br>890<br>Licences<br>3 762<br>Card charges<br>379<br>Depreciation<br>Note 2<br>**SURPLUS FOR THE YEAR**|**2024**<br>87 035<br>4 670<br>4 486<br>28 222<br>1 800<br>5 711<br>287<br>10 606<br>0<br>14 110<br>140<br>58 527<br>209 093<br>215 594<br>8 150<br>91<br>0<br>8 754<br>8 241<br>200 339<br>207 353<br>1 192<br>1 098<br>1 785<br>14 710<br>1 077<br>1 391<br>10 072<br>2 398<br>25 817<br>15 137<br>3 762<br>12 302<br>5 457<br>2 099<br>2 360<br>1 526<br>890<br>3 967<br>0<br>120 313<br>107 040<br>80 026<br>100 313<br>28 070<br>24 847<br>**51 956**<br>**75 466**|
|---|---|



3 



## **Peterborough City Rowing Club Balance Sheet as at 30th September 2025** 

|**FIXED ASSETS**<br>Note 1<br>**CURRENT ASSETS**<br>Stocks<br>Note 7<br>Prepayments<br>Note 5<br>Debtors<br>Note 6<br>Cash at Bank<br>Deposit A/C<br>General A/C<br>Bar A/C<br>VAT<br>Cash in Hand<br>**TOTAL ASSETS**<br>**CURRENT LIABILITIES**<br>Sundry Creditors<br>Note 8<br>Accruals & Deferred Income<br>Note 9<br>**NET ASSETS**<br>**CAPTIAL FUND**<br>Special Reserve<br>Note 4<br>Balance at 1st October 2023<br>Surplus for the Year<br>Balance at 30th September 2024|**2025**<br>**2024**<br>679 244<br>451 906<br>1 264<br>1 297<br>3 102<br>4 757<br>69 911<br>129 608<br>225 291<br>338 269<br>47 723<br>43 929<br>19 347<br>26 410<br>2 917<br>2 232<br>485<br>185<br>370 040<br>546 687<br>1 049 284<br>998 593<br>7 308<br>9 792<br>36 614<br>35 395<br>43 922<br>45 187<br>1 005 362<br>953 406<br>7 776<br>7 776<br>945 630<br>870 164<br>51 956<br>75 466<br>997 586<br>945 630<br>1 005 362<br>953 406|**2025**<br>**2024**<br>679 244<br>451 906<br>1 264<br>1 297<br>3 102<br>4 757<br>69 911<br>129 608<br>225 291<br>338 269<br>47 723<br>43 929<br>19 347<br>26 410<br>2 917<br>2 232<br>485<br>185<br>370 040<br>546 687<br>1 049 284<br>998 593<br>7 308<br>9 792<br>36 614<br>35 395<br>43 922<br>45 187<br>1 005 362<br>953 406<br>7 776<br>7 776<br>945 630<br>870 164<br>51 956<br>75 466<br>997 586<br>945 630<br>1 005 362<br>953 406|
|---|---|---|
||7 308<br>36 614|546 687|
|||998 593|
||945 630<br>51 956|45 187|
|||953 406|
|||7 776<br>945 630|
|||953 406|



4 



**Peterborough City Rowing Club Notes to the Accounts for Year Ended 30th September 2025** 

## **1. FIXED ASSETS** 

|Boathouse<br>Function Building<br>Boats, Oars & Equipment<br>Course Equipment<br>Safety Equipment<br>Motor Vehicle<br>Bar Furniture & Fittings<br>Trophies (at valuation)|Net Book<br>Additions<br>Disposals<br>Grants<br>Depn<br>Net Book<br>Value<br>for Year<br>Value<br>1.10.2024<br>30.9.2025<br>214 533<br>(3 400)<br>211 133<br>83 848<br>251 143<br>(40 000)<br>(838)<br>294 153<br>136 937<br>45 165<br>(900)<br>(20 541)<br>160 661<br>2 392<br>(239)<br>2 153<br>208<br>(21)<br>187<br>11 278<br>(2 820)<br>8 458<br>2 107<br>(211)<br>1 896<br>603<br>0<br>603|
|---|---|
||451 906<br>296 308<br>(900)<br>(40 000)<br>(28 070)<br>679 244|



## **2. DEPRECIATION** 

Depreciation has been provided for at rates estimated to write off the cost of the assets over their expected useful lives. 

The annual rates currently in use are: 

Boathouse/Function Building 1% on cost Bar Furniture & Fittings 10% on reducing balance Course Equipment 10% on reducing balance Safety Equipment 10% on reducing balance Boats, Oars & Equipment 15% on reducing balance Motor Vehicle 25% on reducing balance 

No depreciation is charged on additions during the year. No provision has been made in the accounts for depreciation on the trophies. 

5 



**Peterborough City Rowing Club Notes to the Accounts for Year Ended 30th September 2025** 

## **3. ACCOUNTS FORMAT** 

At a General Meeting held on 7th July 2002, the Club adopted a new constitution and decided to apply for charitable status. Charitable status was subsequently granted and the Club became a registered charity on 7th February 2003. The accounts are prepared on an accruals basis. 

## **4. SPECIAL RESERVE** 

During 1994/95 a special reserve of £7776 was created as a contingency against future unforseen occurences. 

|**5. PREPAYMENTS**<br>General Insurance<br>Boat Insurance<br>**6. DEBTORS**<br>Debtors<br>Donation from PCRC Ltd<br>Peterborough City Rowing Club Ltd<br>**7. STOCKS**<br>Clothing<br>Presentation Plaques<br>Bar Stocks<br>**8. CREDITORS**<br>Creditors<br>PCRC Ltd - Regatta Catering<br>Sundry Creditors<br>Key Deposits<br>**9. ACCRUALS & DEFERRED INCOME**<br>Audit & Accountancy<br>Subscriptions for 2024/25|3 102<br>0|
|---|---|
||3 102<br>12 457<br>57 454<br>0|
||69 911<br>0<br>400<br>864|
||1 264<br>0<br>6 902<br>296<br>110|
||7 308<br>930<br>35 684|
||36 614|



6 



## **Peterborough City Rowing Club Cash Flow Statement for Year Ended 30th September 2025** 

||**2025**||**2024**||
|---|---|---|---|---|
|**SOURCE OF FUNDS**|||||
|(Deficit) Surplus|51 956||75 466||
|Depreciation|28 070||24 847||
|**TOTAL FUNDS GENERATED**||80 026||100 313|
|**APPLICATION OF FUNDS**|||||
|Purchase of Assets||(256 308)||(123 867)|
|Sale of Assets||900||4 000|
|**NET SOURCE/(APPLICATION) OF FUNDS**||(175 382)||(19 554)|
|The net source/(application) of funds is|||||
|represented by the following|||||
|movements in current assets|||||
|Stocks|(33)||(167)||
|Debtors|(59 697)||60 585||
|Prepayments|(1 655)||(2 863)||
|Creditors|1 265||(7 934)||
|VAT|685||(563)||
|||(59 435)||49 058|
|**MOVEMENT IN LIQUID FUNDS**|||||
|Net Opening Cash/Bank Balances|408 793||477 405||
|Net Closing Cash/Bank Balances|292 846||408 793||
|||(115 947)||(68 612)|
|**INCREASE/(DECREASE) IN CURRENT**|**ASSETS**|(175 382)||(19 554)|



## **Course Income:** 

Course Hire £17,746.25 Row the Rythm £20,950.00 Learn to Row £9982.00 Entry Fees £168.75 Total £48,847.00 

7