1863 CLUB SUPPORT GROUP
SUPPORT GROUP
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
YEAR ENDED 31 DECEMBER 2022
TRUSTEES
President Secretary Treasurer Trustees
H ALSTON F. PLANTENGA M FERONE L BREWSTER M FIELD G FORREST F MCDONNELL D CUNNINGHAM A RODGERS
Page 1
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
YEAR ENDED 31 DECEMBER 2022
TRUSTEES REPORT
2022 has been a year of rebuilding and transition after the Covid period spanning over 2020 and 2021.
Rebuilding was focused on increasing the number of participants thanks to the possibility
to restart the marketing campaign at the school and at the enthusiasm of the head Coach who played an important role in attracting more participants across various abilities. At the start of the season 2022/2023 we had more than 55 participants enrolled with few girls as well.
Transition meant to move away from the support of London Youth Rowing and start to operate as an independent Club and relying on the services provided directly by the Head Coach in terms of coaching, organisation and race planning. This meant an increased amount of work for the volunteers especially in the area of Health and Safety and financial commitment.
From a financial perspective, it has been another very challenging year. Parents donations are rebuilding but they are still not sufficient to cover all the running costs and therefore several fundraising events were relaunched during the final part of the year. Given the large outgoings of the previous years and the lack of the anticipated financial support from the School during moments of low donations and lack of fundraising, we launched a Just Giving campaign supporting 2 Senior boys riding from London to Brighton. The fundraising was very successful and we raised approximately GBP 12k which allowed to cover the final invoices of LYR and the Racing costs associated to the previous season.
We had some small sales in the fleet but mostly related to the optimisation of it and not to cover the running costs. This has been a remarkable achievement; however, the fleet (the main asset of the Charity) is getting old and extra maintenance expenses and investments for replacements should be anticipated.
In terms of future perspectives, we now have a stable group of rowers and parents willing to support. Fundraisings will need to step up in multiple directions: pursuing Grants offered to Rowing Clubs from private Organisations and British Rowing, looking for private corporates willing to sponsor specific initiatives or equipment and continuing with parents organised fundraising campaign.
Page 2
ACCOUNTANTS CERTIFICATE
We have prepared, without carrying out an audit, the annexed accounts for the year ended 31 December 2022 from records and information supplied to us.
OLIVER PLUMMER & CO. Chartered Accountants
9 Seagrave Road London SW6 1RP
2023
REGISTERED NUMBER 1142146
Page 3
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
BALANCE SHEET AS AT 31 DECEMBER 2022
| Notes Tangible Fixed Assets 1 Current Assets Cash at Bank Less: - Current Liabilities Creditors 2 NET ASSETS Represented by Retained earnings Reserve 3 |
2022 2021 £ £ 20,151 43,127 8,060 10,260 300 300 7,760 9,960 27,911 53,087 £ £ (81,089) (55,913) 109,000 109,000 27,911 53,087 |
2022 2021 £ £ 20,151 43,127 8,060 10,260 300 300 7,760 9,960 27,911 53,087 £ £ (81,089) (55,913) 109,000 109,000 27,911 53,087 |
|---|---|---|
| 53,087 | ||
| £ (55,913) 109,000 |
||
| 53,087 |
Page 4
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 DECEMBER 2022
| Notes INCOME Fund Raising Campaign Insurance Claim Parental Donations Profit from Fund Raising Gift Aid Grant Other Donations Sundry Income Profit on Sale of Boats Less: - EXPENSES Other Boat Equipment Running Cost Training Camp and Race Expenses Accountancy Sundry Depreciation: - Boats and Equipment Interest Received (net) NET (DEFICIT) FOR THE YEAR |
£ £ £ £ 11,343 0 154 415 21,865 13,940 1,837 0 6,291 3,044 0 5,000 56 296 750 373 3,720 19,308 46,016 42,377 6,546 3,979 43,806 29,824 0 0 300 300 344 622 50,996 34,725 (4,980) 7,652 20,196 21,586 (25,176) (13,934) 0 0 (25,176) (13,934) 2022 2021 |
£ £ £ £ 11,343 0 154 415 21,865 13,940 1,837 0 6,291 3,044 0 5,000 56 296 750 373 3,720 19,308 46,016 42,377 6,546 3,979 43,806 29,824 0 0 300 300 344 622 50,996 34,725 (4,980) 7,652 20,196 21,586 (25,176) (13,934) 0 0 (25,176) (13,934) 2022 2021 |
|---|---|---|
| 7,652 21,586 |
||
| (13,934) 0 |
||
| (13,934) |
Page 5
1863 CLUB SUPPORT GROUP
FORMERLY
THE LONDON ORATORY SCHOOL BOAT CLUB
SUPPORT GROUP
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 DECEMBER 2022
| 1. | Boats TANGIBLE FIXED ASSETS and Equipment £ Cost At 1 January 2022 107,929 Sold in the year (6,950) At 31 December 2022 100,979 Depreciation At 1 January 2022 64,802 Provided in the year 20,196 On Sale (4,170) At 31 December 2022 80,828 Net Book Value At 31 December 2021 43,127 At 31 December 2022 20,151 |
|---|---|
Depreciation is provided to write off each asset over its estimated useful life as follows:-
Boats and Equipment 20% on cost per year
| 2. | CREDITORS | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Accountancy | 300 | 300 |
3. RESERVE
The reserve arises from the donation by the Oratory school of Boats and Blades with a value of £109000.
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
YEAR ENDED 31 DECEMBER 2022
TRUSTEES
President Secretary Treasurer Trustees
H ALSTON F. PLANTENGA M FERONE L BREWSTER M FIELD G FORREST F MCDONNELL D CUNNINGHAM A RODGERS
Page 1
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
YEAR ENDED 31 DECEMBER 2022
TRUSTEES REPORT
2022 has been a year of rebuilding and transition after the Covid period spanning over 2020 and 2021.
Rebuilding was focused on increasing the number of participants thanks to the possibility
to restart the marketing campaign at the school and at the enthusiasm of the head Coach who played an important role in attracting more participants across various abilities. At the start of the season 2022/2023 we had more than 55 participants enrolled with few girls as well.
Transition meant to move away from the support of London Youth Rowing and start to operate as an independent Club and relying on the services provided directly by the Head Coach in terms of coaching, organisation and race planning. This meant an increased amount of work for the volunteers especially in the area of Health and Safety and financial commitment.
From a financial perspective, it has been another very challenging year. Parents donations are rebuilding but they are still not sufficient to cover all the running costs and therefore several fundraising events were relaunched during the final part of the year. Given the large outgoings of the previous years and the lack of the anticipated financial support from the School during moments of low donations and lack of fundraising, we launched a Just Giving campaign supporting 2 Senior boys riding from London to Brighton. The fundraising was very successful and we raised approximately GBP 12k which allowed to cover the final invoices of LYR and the Racing costs associated to the previous season.
We had some small sales in the fleet but mostly related to the optimisation of it and not to cover the running costs. This has been a remarkable achievement; however, the fleet (the main asset of the Charity) is getting old and extra maintenance expenses and investments for replacements should be anticipated.
In terms of future perspectives, we now have a stable group of rowers and parents willing to support. Fundraisings will need to step up in multiple directions: pursuing Grants offered to Rowing Clubs from private Organisations and British Rowing, looking for private corporates willing to sponsor specific initiatives or equipment and continuing with parents organised fundraising campaign.
Page 2
ACCOUNTANTS CERTIFICATE
We have prepared, without carrying out an audit, the annexed accounts for the year ended 31 December 2022 from records and information supplied to us.
OLIVER PLUMMER & CO. Chartered Accountants
9 Seagrave Road London SW6 1RP
2023
REGISTERED NUMBER 1142146
Page 3
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
BALANCE SHEET AS AT 31 DECEMBER 2022
| Notes Tangible Fixed Assets 1 Current Assets Cash at Bank Less: - Current Liabilities Creditors 2 NET ASSETS Represented by Retained earnings Reserve 3 |
2022 2021 £ £ 20,151 43,127 8,060 10,260 300 300 7,760 9,960 27,911 53,087 £ £ (81,089) (55,913) 109,000 109,000 27,911 53,087 |
2022 2021 £ £ 20,151 43,127 8,060 10,260 300 300 7,760 9,960 27,911 53,087 £ £ (81,089) (55,913) 109,000 109,000 27,911 53,087 |
|---|---|---|
| 53,087 | ||
| £ (55,913) 109,000 |
||
| 53,087 |
Page 4
1863 CLUB SUPPORT GROUP
SUPPORT GROUP
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 DECEMBER 2022
| Notes INCOME Fund Raising Campaign Insurance Claim Parental Donations Profit from Fund Raising Gift Aid Grant Other Donations Sundry Income Profit on Sale of Boats Less: - EXPENSES Other Boat Equipment Running Cost Training Camp and Race Expenses Accountancy Sundry Depreciation: - Boats and Equipment Interest Received (net) NET (DEFICIT) FOR THE YEAR |
£ £ £ £ 11,343 0 154 415 21,865 13,940 1,837 0 6,291 3,044 0 5,000 56 296 750 373 3,720 19,308 46,016 42,377 6,546 3,979 43,806 29,824 0 0 300 300 344 622 50,996 34,725 (4,980) 7,652 20,196 21,586 (25,176) (13,934) 0 0 (25,176) (13,934) 2022 2021 |
£ £ £ £ 11,343 0 154 415 21,865 13,940 1,837 0 6,291 3,044 0 5,000 56 296 750 373 3,720 19,308 46,016 42,377 6,546 3,979 43,806 29,824 0 0 300 300 344 622 50,996 34,725 (4,980) 7,652 20,196 21,586 (25,176) (13,934) 0 0 (25,176) (13,934) 2022 2021 |
|---|---|---|
| 7,652 21,586 |
||
| (13,934) 0 |
||
| (13,934) |
Page 5
1863 CLUB SUPPORT GROUP
FORMERLY
THE LONDON ORATORY SCHOOL BOAT CLUB
SUPPORT GROUP
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 DECEMBER 2022
| 1. | Boats TANGIBLE FIXED ASSETS and Equipment £ Cost At 1 January 2022 107,929 Sold in the year (6,950) At 31 December 2022 100,979 Depreciation At 1 January 2022 64,802 Provided in the year 20,196 On Sale (4,170) At 31 December 2022 80,828 Net Book Value At 31 December 2021 43,127 At 31 December 2022 20,151 |
|---|---|
Depreciation is provided to write off each asset over its estimated useful life as follows:-
Boats and Equipment 20% on cost per year
| 2. | CREDITORS | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Accountancy | 300 | 300 |
3. RESERVE
The reserve arises from the donation by the Oratory school of Boats and Blades with a value of £109000.