2022-03-31-accounts

Trustees
			Mr J D Kinsella
			Ms M K Nowak
			Mri D Edmondson
			Isr A Skewis
			Ms S Hoskmg	MBE
			Ms K Mome
			Mr N J Baker
			Ms S A Robinson
			Isr J G Sage
			Dr I Pickup
			Mr A Burrun
Secretary			Mr D Tinnion
Charity	number		1122941
Company		number	06243293
Principal	address		Royal Docks Adventure
			1012Dockside	Road
			London
			E162QT
Registered office			Royal Docks Adventure
			1012Dockside	Road
			London
			E162QT
Auditor			Arnold Hill 8 Co LLP
			Sixth Floor
			Cap its I Tower
			91 Waterloo Road
			London
			SEI SRT
Bankers			National Westminster		Bank pic
			135Bishopsgate
			London
			EC2M 3IJR

		Page
Trustees' report		1-8
Statement ofTrustees'	responslbhhles
Independent auditofs	report	tg-t2
Statement offinancial	activities	13
Balance sheet		14
Statement ofcash howe
Notes to the financial	statements	16 - 26

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		full de	funds
			2022	2022	2022	2021	2021	2021
		Notes			6		6	6
Income and endowments		from:
Donations and	legacies		203,989	1,000	204,989	133,670		133,670
Charitable actlvhies			273,669	793,347	1,067,016	393,694	351,002	744,696
Investment income			43		43	74		74
Other income			6,320		6,320	4,254		4,254
Total Income			484,021	794,347	1,278,368	531,892	351,002
Charrtable acbvibes			517,357	723,409	1,240,766	443,033	332,454	775,487
Net (expenditure)/Income		for the
year/
Net movement	in funds		(33336)	70,938	37,602	88,859	18,548	107,407
Fund balances	at 1 Apnl	2021	279,605	204,935	484,540	190,746	186,387	377,133
Fund balances	at 31 March 2022
			246,269	275,873	522,142	279,605	204,935	484,540

				2022		2021
			Notes	6		6
Fixed assets
1angible assets					58,160		30,297
Current assets
Debtors			12	132,249		131,335
Cash at bank and	in	hand		495,049		768,823
				627,298		900,158
Creditors: amounts		falling due within one
year			13	(163,316)		(445 915)
Net current assets					463,982		454,243
Total assets less	current tlabltiges				522,142		484,540
Income funds
Restncted funds			15		275,873		204,935
Unrestncted funds			15		246,269		279,605
					522,142

					2022		2021
				Notes	8		8
Cash flows from operating		actMtles
Cash (absorbed by)/generated		from operations		19
						(230,020)		454,766
Investing	activities
Purchase	oftangible fixed assets				(44,001)		(27,903)
Proceeds	from disposal of tangible fixed assets
					204		540
Investment	income received				43		74
Net cash	used in investing	activities				(43,754)		(27,289)
Net cash	used in financing	activities
Net (decrease)/Increase In		cash and cash equivalents
						(273,774)		427,477
Cash and	cash equivalents at beginning		ofyear			768,823		341,346
Cash and	cash equivalents	at end of	year			495,049		768,823

			Fitness and	Courses end	Total	Fitness andCourses	and fee	Total
			health	fee Income		health	Income
			2022	2022	2022	2021	2021	2021
								4
Granb			969,801	13,472	983,273	675,175	1,800	676,975
Core and	events		55,633	28,110	83,743	56,531	11,390	67,921
			1,025,434	41,582	1,067,016	731,706	13,190	744,896
Analysis	by	fund
Unrestncted		funds	245,559	28,110	273,669	382,504	11,390	393,894
Restncted	funds		779,875	13,472	793,347	349,202	1,800	351,002
			1,025,434	41,582	1,067,016	731,706	13,190	744,896

			Rowing	Major events	Total	Rowing	Major	Total
			programmes			programmes	events
			2022f	2022 f.	2022 f.	2021	2021 f	2021 f
Staff costs			860,856		860,856	561,632		561,632
Depreaabon		and
impairment			15,934		15,934	20,261		20,261
Programme		costs	147,393	2,197	149,590	60,443	7,455	67,898
Other costs			155,619	7,774	163,393	56,411	52,361	108,772
Advertising			43,696		43,696	10,125		10,125
			1,223,499	9,971	1,233,470	708,873	59,816	768,689
Share ofgovernance
costs (see	note 9)		7,295		7,295	6,798		6,798
			1,230,794	9,971	1,240,765	715,671	59,816	775,487
Analysis	by	fund
Unrestncted		funds	507,385	9,971	517,356	383,217	59,816	443,033
Restncted	funds		723,409		723,409	332,454		332,454
			1,230,794	9,971	1,240,765	715,671	59,816	775,487

	Number ofemployees	Number ofemployees
	The average monthly	number		ofemployees			during	the	year v as;
											2022	2021
											Number	Number
	Average number ofemployees										43	24
	Average number ofemployees			indudes		17	(2021	8) employees			on zero*our contracts.
	Employment costs										2022	2021
											6	6
	Wages and satanas										782,219	511,206
	Senal secunty costs										65,859	40,537
	Other pension costs										12,779	9,889
											860,856	561,632
	Total remuneration for key management					personnel		during the year was 6359,759(2021:1262,593)
	The number ofemployees		whose annual			remunerabon			was 660,000 or more were'
											2022	2021
											Number	Number
	660,000to 670,000											1
	670,000to 680,000											1
9	Support and governance		costs
											2022f	2021 f
	Audit fees										3,860	3,028
	Accountancy										3,435	3,771
											7,295	6,798
	Support costs are wholly apportioned				to	Rowing programmes				in	both 2022 and 2021.

10	Intangible fixed assets	Intangible fixed assets	Intangible fixed assets
							Webstte
	Cost
	At 1 Apnl 2021 and 31		March 2022				12,970
	Amortisation	and impairment
	At 1 April 2021 and 31		March 2022				12,970
	Carrying amount
	At 31 March	2022
	At 31 March	2021
11	Tangible fixed assets
				Ptsnt andpiatures,		ftttines
				machinery	e equipment
	Cost
	At 1 April 2021			646,710		13,863	660,573
	Additions			35,970		8,031	44,001
	Disposals			(5,383)		(903)	(6,286)
	At 31 March	2022		677,297		20,991	698,288
	Depreciation	and Impairment
	At 1 Apnl 2021			622,627		7,649	630,276
	Depredabon	charged	in the year	11,415		4,519	15,934
	Eliminated in	respect ofdislxisals		(5,179)		(903)	(6,082)
	At 31 March	2022		628,863		11,265	640,128
	Carrying amount
	At 31 March	2022		48,434		9,726	58,160
	At 31 March	2021		24,084		6,213	30,297

12	Debtors
					2022	2021
	Amounts faglng due		within one year:
	Trade debtors				94,856	85,740
	Other debtors				7,208	4,992
	Prepayments	and accrued mcome			30,185	40,603
					132,249	131,335
13	Creditors: amounts		falling due within one year
					2022	2021
				Notes	E	E
	Deferred income			14	118,938	419,783
	Trade creditors				18,092	7,374
	Other creditors				831	2,445
	Accruals				25,455	16,313
					163,316	445,915
14	Deferred Income
					2022	2021
					E	E
	Other deferred	income			118,938	419,783

			Movement	in funds		Movement	In funds
		Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1	Apra 2020	resources	expended	1 Apra 2021	resources	expended	31 March 2022
		E.	E.	E.		E	E	E.
Unrestricted
funds		190,746	531,892	(443,033)	279,605	484,021	(517,357)	246,269
Restncted
funds		186,387	351,002	(332,454)	204,935	794,347	(723,409)	275,873
		377,133	882,894	(775,487)	484,540	1,278,368	(1,240,766)	522,142

16	Analysis of net assets between	Analysis of net assets between	Analysis of net assets between	funds	funds
			Restricted				Unrestricted		Total	Restricted	Unrestricted	Total
				funds				funds		funds	funds
					2022			2022	2022	2021	2021	2021
						6			6			6
	Fund balances	at 31
	March 2022 are
	represented by:
	Tangible assets			48,434				9,726	58,160	24,084	6,213	30,297
	Current assets			227,439				236,543	463,982	180,851	273,392	454,243
				275,873				246,269	522,142	204,935	279,605	484,540
17	Income and expenditure		In relation		to	pubffc		investors
										Sport England	Other	2022
	Revenue									6	6	6
	Revenue grants									303,241	694,000	997,241
	Course fees										25,021	25,021
	Other income										256,106	256,106
	Total income									303,241	975,127	1,278,368
	Expenses
	Programme staff costs									177,746	625,706	803,452
	Equipment hire/purchase									829	68,061	68,889
	Hire offaaltbes									34,678	15,087	49,765
	Promobon/publiaty									920	31,255	32,175
	Coaches fees/expenses									10,096	16,267	26,363
	Travel/transport									3,505	14,969	18,474
	Competition costs									705	29,495	30,200
	Fundraising costs										65,216	65,216
	Other costs									17,544	62,661	80,204
	Core costs									50,092		50,092
	Depreciation									2,853	13,081	15,934
	Total expenditure									298,967	941,798	1,240,765
	Net income for the year									4,274	33,329	37,603

17	Income and expenditure	in relation	to public investors			(Continued)
	Income end expenditure	in relation	to public investors to the year ended 31 March		2021
				Sport Enggatdl	Other	2021
	Revenue			6	6	6
	Revenue grants			226,890	463,336	690,225
	Course fees				3,720	3,720
	Other income				188,949	188,949
	Total income			226,890	656,005	882,895
	Expenses
	Programme staff costs			152,418	319,859	472,277
	Equipment hire/purchase			15,981	40,186	56,166
	Hire of fadlifies			24,234	10,243	34,478
	Promotion/publiaty			453	16,561	17,014
	Coaches fees/expenses			3,594	16,680	20,275
	Traveytransport			1,528	1,737	3,265
	Competition costs			133	1,607	1,740
	Pundraising costs				91,930	91,930
	Other costs			26,591	31,491	58,082
	Core costs
	Depreaabon			2,328	17,933	20,261
	Total expenditure			227,258	548,230
	Net income/(expenditure)	for the yea		(368)	107,775	107,407

19	Cash generated from	operations	operations		2022	2021
					8	6
	Surplus for the year				37,602	107,407
	Ad/ustments for
	Investment incorae recognised		in protit or loss		(43)	(74)
	Depremabon and impairment oftangible			fixed assets	15,934	20,201
	Movements in working	capital:
	(Increase) in debtors				(014)	(4,734)
	Increase/(decrease) in	credaors			18,246	(28,327)
	(Decrease)/increase in	deferred	Income		(300,845)	360,230
	Cash (absorbed by)/generated		from operations		(230,020)	454,763
20	Analysis ofchanges	in net funds
	The Charity had no debt during		the year