1863 CLUB SUPPORT GROVP UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1863 CLUB SUPPORT GROUP YEAR ENDED 31 DECEMBER 20 TRUSTEES President H RODGERS Secretary F PLANTENGA Treasurer A LECOIrtPTE DU NOUY Tru5te£5 M FERONE D TIBERGHIEN S SIMONE P OLECH
Page I 1863 CLU8 5VPPOFrr GROUP YEAR ENDED 31 DECEMBER 2023 TRUSTEES REPORT 2023 has been a year of continuing growth for the Club with a good increase in the Stable partltlpants.. at the beginning of the 202312024 season, the number of partlcipating boys & g4rls has exceed 60 for the first tlme n m3ay year5. We have now settled at about 55 regular rnernbers. Over the coursE of 2023, we 31sts successfully cleared residual invoice5 from the previous year. enablin8 a clean slate for 2023124 season. More participation translated in an increase in parent5. donations and bigger participation to the fundrai5in8 initiatives of the club. In partitular, in terms of fundraising. the main initiatives were a sponsored row by the boys which allowed tho club to raise more than GBP 7k Ilncluding Glft Aid) and the return of the traditional concert in June where we managed to raise in excess of GSP I,(K)O. In addition. we received some support frDtn a Fintech company INPL Markets) who 5UPPOrted u5 Wlth a 5PDnsorshlp IGBP 2,3001. Unfortunatelv. thes@ initiatives were not sufficient to completely cover th? running costs. As a consequence. the Club decided to Sell a boat which was in exces5 of the current needs for GBP 10.5k. This allowed to crÈatÈ extra capa¢ity to support the financial needs for the 202312024 season. In summary, if we exclude the annual depreciation of the equipmenL the Charity managed to close the year with a Small surplus in the region of GBP 1,500. The club rnanaged to secure 3 grant from British RowirEg for GBP 6.OLX) for the refurblshment of five Ixjats. Thls grant is particularly Significant because It is allowing to renovate the boats and redu the future maintenance cost associated with those boats. From a cost perspertiye, we had to recogllize 50rNe increase5 In the running rate forthe coaching staff in line with the general increase in the Inflatlon ratÈ. We have had issues finding and retaining coaches with the right amount of experience. Whi15t £oaching costs have been managed in line with budgeting, a stricter dlscipllne will be needed to Coverthe racing expenses with the reimbur5emeNt from the pantS where we registered B shortfall close to GBP Ik. The m3in fo£us of the club t5 to contlnue to grow the participation, reduclng the dro*out rate and maintain healthy financial discipline on costs in orderto secure a solid base for the start of the next season wlthout the need tc Sell further boats. For next season in particular, we hope to secure another large int8ke of J145, have a largerJ15 and J16 cohort. It 15 also cruclal that we maintain a regular s&ries of fundraising events to enable us to cover running costs.
ACCOUNTANTS CERTIFICATE We have prepared, without carrying out an audit. the annexed accounts for the year ended 31 December 2023 frorn records and information supplied to U5. 20 May 2024 KINGSTON BURROWES ACCOUNTAMrs Accountants 308 Ewell Road Surbiton Surrey KT6 7AL
REGISTERED NUMBER 1142146 Page 3 1863 CLUB SUPPORT G BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Tangiblg Fixed Asséts 20,151 Current Assets Cash al Bank 11.671 Less'._ Current Liabilitie5 CdItorS 300 11,371 7.760 NET ASSETS 11,371 27,911 Repented by Retained e8rning5 Reserve 97,629 109,0( 81,089 109.000 11.371 27.911
Page 4 63 CLLIB UPPORTGROUP PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Notes 2023 2022 INCOME Fund Raising Campaign 1Tr5urance Clairn Parental Donations Profit from Fund Raising Gift Aid Olher Donations Sundry Income Profit on Sale of Boats Training Prograrnme Sponsorships Grant 6,180 11.343 154 21.865 1.837 6,291 28,765 2,937 7,049 1,004 450 8,3(X) 1.993 2,3CX) 9,000 67,978 750 3,720 46.016 EXPENSES Other Boat Equlpment Running C05t Training Camp and Race Expenses Accountarry Sundry Expenses Extraordlnary Item D2preci3tion'.- Boats EqUipMet 7,386 56.652 1,084 300 187 958 17,951 6,546 43,806 300 344 20,196 84.518 16,540 71,192 25,176 0ratIng L05S NET IDEFICITI FOR THE YEAR 1e,540 25.176
Page 5 1863 CLUB SUPPORT GROUP FORMERLY THE LONDON ORATORYSCHOOL BOATCL PROFIT AND LOSS AccOur FOR THE YEAR ENDED DECEMBER 2023 Boats and Eouipment TANGIBLE FIXED ASSETS Cost At l January 2023 Sold tn the ye3r At 31 December 2023 100,979 11.000 89,979 eciation At l January 2023 Provided in the year On Sale At 31 December 2023 80.828 17.951 8,800 89,979 Net Book Value At 310ecember 2022 20,151 At 31 December 2023 Depreciation is provided to write off each asset over its estlmated useful life as follows:_ Boat5 and Equipment 20% on cost per year CREDITORS 2023 2D22 Accountanev 300 300 RESERVE The reserve arlses from the donatioll bythe Oratory school of Boats and Blade5 Wlth a value of £109,CxlO.
1863 CLUB SUPPORT GROVP UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1863 CLUB SUPPORT GROUP YEAR ENDED 31 DECEMBER 20 TRUSTEES President H RODGERS Secretary F PLANTENGA Treasurer A LECOIrtPTE DU NOUY Tru5te£5 M FERONE D TIBERGHIEN S SIMONE P OLECH
Page I 1863 CLU8 5VPPOFrr GROUP YEAR ENDED 31 DECEMBER 2023 TRUSTEES REPORT 2023 has been a year of continuing growth for the Club with a good increase in the Stable partltlpants.. at the beginning of the 202312024 season, the number of partlcipating boys & g4rls has exceed 60 for the first tlme n m3ay year5. We have now settled at about 55 regular rnernbers. Over the coursE of 2023, we 31sts successfully cleared residual invoice5 from the previous year. enablin8 a clean slate for 2023124 season. More participation translated in an increase in parent5. donations and bigger participation to the fundrai5in8 initiatives of the club. In partitular, in terms of fundraising. the main initiatives were a sponsored row by the boys which allowed tho club to raise more than GBP 7k Ilncluding Glft Aid) and the return of the traditional concert in June where we managed to raise in excess of GSP I,(K)O. In addition. we received some support frDtn a Fintech company INPL Markets) who 5UPPOrted u5 Wlth a 5PDnsorshlp IGBP 2,3001. Unfortunatelv. thes@ initiatives were not sufficient to completely cover th? running costs. As a consequence. the Club decided to Sell a boat which was in exces5 of the current needs for GBP 10.5k. This allowed to crÈatÈ extra capa¢ity to support the financial needs for the 202312024 season. In summary, if we exclude the annual depreciation of the equipmenL the Charity managed to close the year with a Small surplus in the region of GBP 1,500. The club rnanaged to secure 3 grant from British RowirEg for GBP 6.OLX) for the refurblshment of five Ixjats. Thls grant is particularly Significant because It is allowing to renovate the boats and redu the future maintenance cost associated with those boats. From a cost perspertiye, we had to recogllize 50rNe increase5 In the running rate forthe coaching staff in line with the general increase in the Inflatlon ratÈ. We have had issues finding and retaining coaches with the right amount of experience. Whi15t £oaching costs have been managed in line with budgeting, a stricter dlscipllne will be needed to Coverthe racing expenses with the reimbur5emeNt from the pantS where we registered B shortfall close to GBP Ik. The m3in fo£us of the club t5 to contlnue to grow the participation, reduclng the dro*out rate and maintain healthy financial discipline on costs in orderto secure a solid base for the start of the next season wlthout the need tc Sell further boats. For next season in particular, we hope to secure another large int8ke of J145, have a largerJ15 and J16 cohort. It 15 also cruclal that we maintain a regular s&ries of fundraising events to enable us to cover running costs.
ACCOUNTANTS CERTIFICATE We have prepared, without carrying out an audit. the annexed accounts for the year ended 31 December 2023 frorn records and information supplied to U5. 20 May 2024 KINGSTON BURROWES ACCOUNTAMrs Accountants 308 Ewell Road Surbiton Surrey KT6 7AL
REGISTERED NUMBER 1142146 Page 3 1863 CLUB SUPPORT G BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Tangiblg Fixed Asséts 20,151 Current Assets Cash al Bank 11.671 Less'._ Current Liabilitie5 CdItorS 300 11,371 7.760 NET ASSETS 11,371 27,911 Repented by Retained e8rning5 Reserve 97,629 109,0( 81,089 109.000 11.371 27.911
Page 4 63 CLLIB UPPORTGROUP PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Notes 2023 2022 INCOME Fund Raising Campaign 1Tr5urance Clairn Parental Donations Profit from Fund Raising Gift Aid Olher Donations Sundry Income Profit on Sale of Boats Training Prograrnme Sponsorships Grant 6,180 11.343 154 21.865 1.837 6,291 28,765 2,937 7,049 1,004 450 8,3(X) 1.993 2,3CX) 9,000 67,978 750 3,720 46.016 EXPENSES Other Boat Equlpment Running C05t Training Camp and Race Expenses Accountarry Sundry Expenses Extraordlnary Item D2preci3tion'.- Boats EqUipMet 7,386 56.652 1,084 300 187 958 17,951 6,546 43,806 300 344 20,196 84.518 16,540 71,192 25,176 0ratIng L05S NET IDEFICITI FOR THE YEAR 1e,540 25.176
Page 5 1863 CLUB SUPPORT GROUP FORMERLY THE LONDON ORATORYSCHOOL BOATCL PROFIT AND LOSS AccOur FOR THE YEAR ENDED DECEMBER 2023 Boats and Eouipment TANGIBLE FIXED ASSETS Cost At l January 2023 Sold tn the ye3r At 31 December 2023 100,979 11.000 89,979 eciation At l January 2023 Provided in the year On Sale At 31 December 2023 80.828 17.951 8,800 89,979 Net Book Value At 310ecember 2022 20,151 At 31 December 2023 Depreciation is provided to write off each asset over its estlmated useful life as follows:_ Boat5 and Equipment 20% on cost per year CREDITORS 2023 2D22 Accountanev 300 300 RESERVE The reserve arlses from the donatioll bythe Oratory school of Boats and Blade5 Wlth a value of £109,CxlO.
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the tTUStee8 1863 Club Support Group On accounts for tho year ended 31 Dernber 2023 Charity no Ilf any) 1142146 Set out on pag8s 3105 I report to the twstees on my examination of the accounts of the above charity 1.the Trust.) for the year ended 3111212023. Responsibilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I"Ihe Act") I report in respect of my examinats'on of the Trusfs accounts ¢8rried out under sedion 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 14515llbl of the Act. Independent I have completed my oxamination. I confimi that no material matters have examlner's statement come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. thg accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the aceountlng records., or the accounts did not comply wrth the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn this report in order to enable a proper understanding of thè aceounls lo be reached. Signed: Date: 12 July 2024 Name: Oliver PlummeT Relevant professional qualitication{$} or body Irf any): FCA Addre88: Kingston Burrowes 308 Ewell Road, Surbiton l(r6 7AL IER Oct 2018
Section B Disclosure Only complete if the examiner needs lo highlight material matters of conrn (see CC32, Independent examination of charity accounts." directions and guidan for examiners). Give here brief detalls of any Etems that the examiner wishes to disclosè. NONE IER Oct 2018