## 



## 

## 

|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<br>Hill 8 Co LLP|||
||||Sixth Floor|||
||||Cap its I Tower|||
||||91 Waterloo Road|||
||||London|||
||||SEI SRT|||
|Bankers|||National<br>Westminster||Bank pic|
||||135Bishopsgate|||
||||London|||
||||EC2M 3IJR|||





## 

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





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||||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<br>and|legacies||203,989|1,000|204,989|133,670||133,670|
|Charitable<br>actlvhies|||273,669|793,347|1,067,016|393,694|351,002|744,696|
|Investment<br>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<br>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<br>funds|||15||275,873||204,935|
|Unrestncted<br>funds|||15||246,269||279,605|
||||||522,142|||





## 

||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|8||8||
|Cash flows from operating||actMtles|||||||
|Cash (absorbed<br>by)/generated||from operations||19|||||
|||||||(230,020)||454,766|
|Investing|activities||||||||
|Purchase|oftangible<br>fixed assets||||(44,001)||(27,903)||
|Proceeds|from disposal of tangible<br>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<br>In||cash and cash equivalents|||||||
|||||||(273,774)||427,477|
|Cash and|cash equivalents<br>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<br>f.|2022<br>f.|2021|2021<br>f|2021<br>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<br>monthly|number||ofemployees|||during|the|year v as;||||
||||||||||||2022|2021|
||||||||||||Number|Number|
||Average<br>number<br>ofemployees||||||||||43|24|
||Average<br>number ofemployees|||indudes||17|(2021|8) employees|||on zero*our contracts.||
||Employment<br>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<br>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<br>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<br>fixed assets|Intangible<br>fixed assets|Intangible<br>fixed assets|||||
|---|---|---|---|---|---|---|---|
||||||||Webstte|
||Cost|||||||
||At 1 Apnl 2021 and 31||March 2022||||12,970|
||Amortisation|and impairment||||||
||At<br>1 April 2021 and 31||March 2022||||12,970|
||Carrying<br>amount|||||||
||At 31 March|2022||||||
||At 31 March|2021||||||
|11|Tangible fixed assets|||||||
|||||Ptsnt andpiatures,||ftttines||
|||||machinery|e equipment|||
||Cost|||||||
||At<br>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<br>in|respect ofdislxisals||(5,179)||(903)|(6,082)|
||At 31 March|2022||628,863||11,265|640,128|
||Carrying<br>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<br>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<br>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<br>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<br>and expenditure||In relation||to|pubffc||investors|||||
|||||||||||Sport England|Other|2022|
||Revenue|||||||||6|6|6|
||Revenue<br>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<br>staff costs|||||||||177,746|625,706|803,452|
||Equipment<br>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<br>costs|||||||||705|29,495|30,200|
||Fundraising<br>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<br>and expenditure|in relation|to public investors|||(Continued)|
|---|---|---|---|---|---|---|
||Income<br>end expenditure|in relation|to public investors to the year ended 31 March||2021||
|||||Sport Enggatdl|Other|2021|
||Revenue|||6|6|6|
||Revenue<br>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<br>staff costs|||152,418|319,859|472,277|
||Equipment<br>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<br>costs|||133|1,607|1,740|
||Pundraising<br>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<br>from|operations|operations||2022|2021|
|---|---|---|---|---|---|---|
||||||8|6|
||Surplus for the year||||37,602|107,407|
||Ad/ustments<br>for||||||
||Investment<br>incorae recognised||in protit or loss||(43)|(74)|
||Depremabon<br>and impairment<br>oftangible|||fixed assets|15,934|20,201|
||Movements<br>in working|capital:|||||
||(Increase)<br>in debtors||||(014)|(4,734)|
||Increase/(decrease)<br>in|credaors|||18,246|(28,327)|
||(Decrease)/increase<br>in|deferred|Income||(300,845)|360,230|
||Cash (absorbed<br>by)/generated||from operations||(230,020)|454,763|
|20|Analysis ofchanges|in net funds|||||
||The Charity<br>had no debt during||the year||||