REGISTERED COMPANY NUMBER: 06516594 (England and Wales)
REGISTERED CHARITY NUMBER: 1146611
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEcE￿[BER 2024
FOR
WARGRAVE AND SHIPLAKE REGATTA LIMITED
Vale & West
Chartered Accountants
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RGI ITG

WARGRAVE AND SHIPLAKE REGATTA LIMITED
CONTENTS OF THE FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEIIIBER 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
9 to 10
Notes to the Financial Statements

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 December 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the Charity is to promote community participation in healthy recreation by providing
traditional Thames River craft, equipment, and resources. We aim to enable individuals to learn and practice
rowing, sculling, punting, and paddling, as well as participate in an annual regatta.
Signlficant activities
The charity annually organises the Wargrave and Shiplake Regatta as a means to promote its objectives and
to generate funds for the ongoing maintenance and replacemenl of its fleet of boats.
Page I

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Annual Regatta
l am pleased to report that we successfully conducted both our training sessions and annual regatta in 2024.
We organized two well-attended training sessions covering all disciplines-sculling, punting,
paddling-which attracted over 100 participants.
We also held our first Dongola taster session with Wargrave Junior School, getting 45 kids out on the river.
The feedback was fantastic, with some kids calling it the best school event ever! We're excited to do it again
next year.
Our annual regatta took place on the 9th and 10th of August and proved to be a great success. The event
featured close competition and impressive displays of skill: highlighting the continued enthusiasm for
traditional boat use. However, in 2024, participation saw a decline of 10.6 %, with total crew entries falling
from 424 in 2023 to 379 in 2024. Several factors conlributed lo this decrease, including challenging water
conditions and a scheduling clash with the Paris Olympics! ! !
Among specific categories:
- Adult crews saw the most Si￿lfiCallt drop, decreasing by 18°/o from 239 in 2023 to 196 in 2024.
- Junior participation also declined, down 9 % from 129 in 2023 to l 17 in 2024.
- Veteran crews, however, experienced a slight recovery, increasing from 27 in 2023 to 30 in 2024.
Canoe and Dongola event entries dropped the most significantly with 18% and 16% drop in entries
respectively.
While the decrease in participation was disappoinling, the committee is actively working on measures to
mitigate these challenges in 2025 by improving event communication, considering updates to entry tenns
and engaging with local clubs and schools to boost participation.
Crew Participation Breakdown as follows:
Analysis of crews
2019 2022
2023
2024
Adult
Veterans
Junior
Scratch
269
40
166
36
228
34
107
36
239
27
129
29
196
30
117
36
511
405
424
379
Analysis of events
2019
No.
127
89
124
57
114
2022
No.
102
60
102
52
89
2023
No.
106
68
109
52
89
2024
No.
87
66
92
54
80
Canoe
Dingy
Dongola
Punt
Skiff
511
405
424
379
Page 2

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
Charitable activities
Open Swim Event
The Open Swim event took place on the Saturday before the regatta and was notably affected by widespread
concerns-and media coverage-regarding the water quality of the Thames and the potential risks for
open-water swimmers.
This year, 70 swimmers participated, compared to 84 in 2023. Of these, 22 took advantage of the pre-entry
discount of £10, resulting in a potential revenue reduction of £220. However, maintaining this discount
remains important to encourage local participation.
Participation numbers for each event were as follows:
IK event.. 31 swimmers {vs. 38 in 2023)
2K event.. 35 swimmers {vs. 34 in 2023)
- Junior event.. 6 swimmers (same as 2023, included in the l K total)
- GWTF event.. 4 swimmers (vs. 6 in 2023)
Total revenue for the event was £993, down from £1,635 in 2023. Costs were reduced to £613 (from £867 in
2023), but the net contribution to the charity declined from £768 to £380.
For 2025, the focus will be on increasing partlClP2tion through stronger promotion, while also exploring
ways to reduce costs. It is hoped that concerns around water quality will have diminished by then, leading to
improved turnout.
Health and Safety
There were no major safety events to report.
Fundraising activities
The charity generates income through the regatt4 donations. and various fundraising events. The charity
relies significantly on its subscribers and ' 150 Club" members.
Subscribers
The number of donors declined from 124 in 2023 to 103 in 2024. Excluding a one-off SI￿lfICant payment,
the average donation amount also decreased from £136 to £127. The regatta was able to reclaim £2,345 in
Gift Aid (compared to £3.222 in 2023), making use of its charitable status.
The 150 Club
The ' 150 Club" established to support major boat repairs and additions, encourages participants to subscribe
at £15 per quarter via standing order. Quarterly (traws provide three prizes to members.
In 2024, the club generated £2,445 in income (down from £2,820 in 2023), bringing the total fund to
£26,019. While the initiative remains a valuable source of fimding, membership numbers are slightly below
target. The conllnittee aims to increase participation to ensure sufficient resources for future boat
maintenance and replacements.
Page 3

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
FINANCIAL REVIEW
Financial summary
In 2024, total income amounted to £80,262, a slight decrease of £722 (1 / ) compared to 2023. Entry fees
decreased slightly by £791, while gate money saw an increase of £3,609 due to the better weather enjoyed in
2024. It's important to note that this income includes a one-off, generous donation of £1 0,000, which will not
be repeated in future years. This offsets the income from the Bingo event held in 2023 and not 2024.
Expenditure increased significantly to £1 00,426, up by £17,356 (21 / ) from 2023, largely due to costs for
boat repairslmaintenance (£12,000) and development of the new online enty system, as well as higher costs
in general.
The charity reports a pre-tax loss of £20.164, a substantial increase in losses compared to £2,086 in 2023.
After excluding non-cash items. the operational deficit stood at £12.153, compared to 2 surplus of £5,925 in
2023. This was primarily driven by the increased expenditure on maintenance, while some income shortfalls
also impacted the bottom line.
We understand the importance of financial sustainability and are actively working to minimize our costs
while exploring new income streams. Some of the steps we are taking include reviewing our supplier
contracts, exploring sponsorship opportunities, and developing new fundraising initiatives.
Reserves policy
The calculation of the required level of reserves is an Inte￿al part of the charity's planning and forecast
cycle. It takes into account:
- Risks associated with each stream of income and the expenditure being different from that budgeted;
Planned activity levels. and
- Known commitments, outside the nornial course of running the charity.
The trustees have set a reserves policy which requires funds to be maintained at a level which ensures that
the charity can maintain its nll]ning of the regatta for at least a twelve month period and have sufficient funds
available to carry out repairs and general maintenance to its fleet of boats. A proportion of reserves must be
maintained in a readily realisable fomi.
In December 2012, the trustees agreed that the general reserves should not be allowed to drop below £5,000
and the boat reserve should be maintained at £ l 0,000 for the regular maintenance and repair of the fleet. It
was also agreed that the boat reserve should establish a replacement fund so that the fleet may be updated, if
possible on a rolling five year programme. The target of the boat replacement fund is £20,000 which
represents the cost of three new dongolas. The cost of purchasing two new skiffs is £40,000 and the setting
aside of funds for this target would follow on from the replacement of the dongolas.
Page 4

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
FUTURE PLANS
The committee is planning its 2025 regatta and training sessions, with a strong focus on cost control,
increasing spectator engagement, and delivering a fun and successful event. While local support remains
strong, we remain mindful of the economic pressures affecting the community and disposable incomes.
Looking ahead to 2025, we anticipate additional costs, particularly the replacement of the stolen Tony Drew
boat, as well as repairs to our two foot punts. These expenses, along with the ongoing pressures from rising
costs. are expected to impact our financial position.
The committee's primary focus will be on ensuring that the regatta breaks even. with efforts centred on
controlling costs, increasing participation, and securing additional sponsorship. We are committed to
maintaining the quality of our event while managing these financial challenges, ensuring the charity's
long-tern] sustainability.
The board remains confident in the continued enthusiasm for the charity's activities and believes the Gift Aid
scheme will remain an essential tool for fLU]draising in the coming years.
We look fonvard to another successful year and appreciate the ongoing support from our members,
participants, and the local community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment, appointment and induction of new trustees
Trustees are carefully selected for their knowledge and experience of charitable organisations. New trustees
are elected at the Annual General Meeting. Newly appointed trustees are inducted to the work of the charity
by the chairnL2n and provided with all inforn]ation required to fulfil their role as trustees in accordance with
the deed of trust and the Charities Act 201 l. A trustee may retire voluntarily.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered CompanTr number
06516594 (England and Wales)
Registered Charity number
1146611
Registered o￿nCe
5th Floor
Thames Tower
Station Road
Reading
Berkshire
RGI ILX
Trustees
G C van Zwanenberg (resigned 12.4.24)
J C Paddison
M D Stubbs
C Barnard (appointed I1.4.24)
Page 5

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
REFERENCE AIND ADMINISTRATIVE DETAILS
Company Secretary
G C van Zwanenberg
Independent Examiner
J Pyke FCA
Vale & West
Chartered Accountants
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RGI ITG
This report has been prepared in accordance with the special provisions of Part IS of the Companies Act
2006 relating to small companies.
3010412025
Approved by order of the board of trnstees on ............................................. and signed on its behalf by:
C Bamard - Trustee
Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WARGRAVE AND SHIPLAKE REGATTA LIMITED
Independent examiner's report to the trustees of Wargrave and Shiplake Regatta Limited ('the
Company,)
report to the charity trustees on my examination of the accounts of th¢ Company for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounls of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 201 l Act,). In carrying out
my examination I have followed ihe Directions given by the Charity Commission under Section 145(5} (b) of
the 2011 Act.
Independent examiner's statement
I have completed my examination. I confinn that no matters hav¢ com¢ to my attention in connection with
the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act; or
the accounts do not accord with those records: or
the accounts do not comply with the accounting r¢quir¢ments of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination: or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
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.
Vth tsl.r
J Pyke FCA
Vale & West
Chartered Accountants
Reading
0110512025
Date..
Page 7

WARGRAVE AND SHIPLAKE REGATTA LIMITED
STATEMEINT OF FIINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
31.12.24
Unrestricted
funds
31.12.23
Total
funds
Notes
INCOME AND ENDOWMEINTS FROM
Donations and legacies
36,642
31,352
Charitable activities
Annual regatta
43,171
49,421
Investment income
449
211
Total
80,262
80,984
EXPENDITURE OIN
Charitable activities
Annual regatta
Boat maintenance and repair
71,403
29,023
66,694
16,376
Total
100,426
83,070
NET INCOMEI(EXPENDITURE)
(20,164)
{2,086)
RECONCILIATION OF FUINDS
Total funds brought fonvard
144,996
147,082
TOTAL FUNDS CARRIED FORWARD
124,832
144,996
The notes fonn part of these financial statements
Page 8

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
BALAINCE SHEET
31 DECEMBER 2024
31.12.24
Unrestricted
funds
31.12.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
65,212
73,223
CURRENT ASSETS
Debtors
Cash at bank
1,465
64,256
105
77,749
65,721
77,854
CREDITORS
Amounts falling due within one year
(601)
(581)
LYET CURRENT ASSETS
65,120
77,273
TOTAL ASSETS LESS CURRENT
LIABILITIES
130,332
150,496
CREDITORS
Amounts falling due after more than one
year
(5,500)
(5,500)
LYET ASSETS
124,832
144.996
FUINDS
Unrestricted funds
124,832
144,996
TOTAL FUNDS
124,832
144,996
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 December 2024.
The members have not required the company io obthin an audit of its financial statements for the year ended
31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which othenvise comply with the
requirements of the Companies Act 2006 relaling lo financial statements, so far as applicable to the
charitable company.
The notes fonn part of these financial statements
Page 9
continued...

WARGRAVE AND SHIPLAKE REGA￿A LIMITED (REGISTERED NUMBER: 06516594)
BALANCE SHEET - continued
31 DECEMBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
.QlIQ5J.2Q2￿.......................... and were signed on its behalf by:
C Barnard - Trustee
The notes fonn part of these financial statements
Page 10

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACCOUNTIING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, as modified by the revaluation of certain
assets.
Income
All income is reCO￿lSed in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis Consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Boats and equipment
Straight line over 20 years
The assets, residual values, useful lives and depreciation method are reviewed and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Going concern
The trustees are not aware of any material uncertainties that may cast significant doubt over the ability
of the charity to continue operation. The preparation of the financial statements on the going concern
basis is therefore deemed appropriate.
Pagell
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACCOUNTIING POLICIES - continued
Company status
The charity is a company limited by guarantee. The members of the company are the trustees named
on page l. In the event of the charity being wound up, the liability in respect of the guarantee is
limited to £1 per member of the charity.
IINVESTMENT INCOME
31.12.24
31.12.23
Deposit account interest
449
211
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after chargingl(crediting):
31.12.24
31.12.23
Depreciation - owned assets
8,011
8,011
TRUSTEES, REMUINERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
TANGIBLE FIXED ASSETS
Boats and
equipment
COST
At l January 2024 and
31 December 2024
160,220
DEPRECIATION
At l January 2024
Charge for year
86,997
8,011
At 31 December 2024
95,008
INET BOOK VALUE
At 31 December 2024
65,212
At 31 December 2023
73,223
Page 12
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
TANGIBLE FIXED ASSETS - continued
The boats and equipment comprise of skiffs. punts. dongolas and dinghies. The cost of the boats
acquired before l January 2012 is not known and for the purposes of the accounts, have been
recognised at deemed cost by reference to the insured value at 31 December 2012. Additions made
since that date have been valued at cost.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other debtors
1,465
105
CREDITORS: AMOUINTS FALLING DUE WITHIN OIYE YEAR
31.12.24
31.12.23
Other creditors
601
581
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24
31.12.23
Other creditors
Trustee loans
4,500
1,000
4,500
1,000
5,500
5,500
Other creditors and trustee loans relate to sums advanced to the charity to support the ongoing
charitable activities. Tbe loans are unsecured, carry no interest and have no sel date for repayment.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.24
Atl.1.24
Unrestricted funds
Regatta fund
Boat fund
5,000
139,996
4,114
(24,278)
(4,114)
4,114
5,000
119,832
144,996
(20,164)
124,832
TOTAL FUNDS
144,996
(20,164)
124,832
Page 13
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
MOVEMEINT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat fund
75,517
4,745
(71,403)
(29,023)
4,114
{24,278)
80,262
(100,426)
(20,164)
TOTAL FUNDS
80,262
(100,426)
(20,164)
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.23
Atl.1.23
Unrestricted funds
Regatta fund
Boat fund
5,000
142,082
11,470
(13,556}
(11,470)
11,470
5,000
139,996
147,082
(2,086)
144,996
TOTAL FUNDS
147,082
(2,086)
144,996
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat fund
78,164
2,820
{66,694)
(16,376)
11,470
(13,556)
80,984
(83,070)
(2,086)
TOTAL FUINDS
80.984
(83,070)
(2,086)
Page 14
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
MOVEMEINT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At 1.1.23
Unrestricted funds
Regatta fund
Boat fund
5,000
142,082
15,584
(37,834)
(15,584)
15,584
5,000
119,832
147,082
(22,250)
124,832
TOTAL FUNDS
147,082
(22,250)
124,832
A current year 12 months and prior year 12 months combined net movement in funds, included in tbe
above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat tund
153,681
7,565
(138,097)
(45,399)
15,584
{37,834)
161,246
(183,496)
(22,250)
TOTAL FUNDS
161,246
(183,496)
(22,250)
The Regatta fund represents the general funds available to the charity for the organisation of the
annual regatta.
The Boat fund has been designated by the trustees for the ongoing maintenance, repair and
replacement of boats. The trustees envisage a boat replacement programme on a rolling five year basis
as funds allow. Routine maintenance and repairs are carried out annually as required.
Page 15
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
10. RELATED P2iRTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 16

REGISTERED COMPANY NUMBER: 06516594 (England and Wales)
REGISTERED CHARITY NUMBER: 1146611
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEcE￿[BER 2024
FOR
WARGRAVE AND SHIPLAKE REGATTA LIMITED
Vale & West
Chartered Accountants
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RGI ITG

WARGRAVE AND SHIPLAKE REGATTA LIMITED
CONTENTS OF THE FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEIIIBER 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
9 to 10
Notes to the Financial Statements

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 December 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the Charity is to promote community participation in healthy recreation by providing
traditional Thames River craft, equipment, and resources. We aim to enable individuals to learn and practice
rowing, sculling, punting, and paddling, as well as participate in an annual regatta.
Signlficant activities
The charity annually organises the Wargrave and Shiplake Regatta as a means to promote its objectives and
to generate funds for the ongoing maintenance and replacemenl of its fleet of boats.
Page I

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Annual Regatta
l am pleased to report that we successfully conducted both our training sessions and annual regatta in 2024.
We organized two well-attended training sessions covering all disciplines-sculling, punting,
paddling-which attracted over 100 participants.
We also held our first Dongola taster session with Wargrave Junior School, getting 45 kids out on the river.
The feedback was fantastic, with some kids calling it the best school event ever! We're excited to do it again
next year.
Our annual regatta took place on the 9th and 10th of August and proved to be a great success. The event
featured close competition and impressive displays of skill: highlighting the continued enthusiasm for
traditional boat use. However, in 2024, participation saw a decline of 10.6 %, with total crew entries falling
from 424 in 2023 to 379 in 2024. Several factors conlributed lo this decrease, including challenging water
conditions and a scheduling clash with the Paris Olympics! ! !
Among specific categories:
- Adult crews saw the most Si￿lfiCallt drop, decreasing by 18°/o from 239 in 2023 to 196 in 2024.
- Junior participation also declined, down 9 % from 129 in 2023 to l 17 in 2024.
- Veteran crews, however, experienced a slight recovery, increasing from 27 in 2023 to 30 in 2024.
Canoe and Dongola event entries dropped the most significantly with 18% and 16% drop in entries
respectively.
While the decrease in participation was disappoinling, the committee is actively working on measures to
mitigate these challenges in 2025 by improving event communication, considering updates to entry tenns
and engaging with local clubs and schools to boost participation.
Crew Participation Breakdown as follows:
Analysis of crews
2019 2022
2023
2024
Adult
Veterans
Junior
Scratch
269
40
166
36
228
34
107
36
239
27
129
29
196
30
117
36
511
405
424
379
Analysis of events
2019
No.
127
89
124
57
114
2022
No.
102
60
102
52
89
2023
No.
106
68
109
52
89
2024
No.
87
66
92
54
80
Canoe
Dingy
Dongola
Punt
Skiff
511
405
424
379
Page 2

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
Charitable activities
Open Swim Event
The Open Swim event took place on the Saturday before the regatta and was notably affected by widespread
concerns-and media coverage-regarding the water quality of the Thames and the potential risks for
open-water swimmers.
This year, 70 swimmers participated, compared to 84 in 2023. Of these, 22 took advantage of the pre-entry
discount of £10, resulting in a potential revenue reduction of £220. However, maintaining this discount
remains important to encourage local participation.
Participation numbers for each event were as follows:
IK event.. 31 swimmers {vs. 38 in 2023)
2K event.. 35 swimmers {vs. 34 in 2023)
- Junior event.. 6 swimmers (same as 2023, included in the l K total)
- GWTF event.. 4 swimmers (vs. 6 in 2023)
Total revenue for the event was £993, down from £1,635 in 2023. Costs were reduced to £613 (from £867 in
2023), but the net contribution to the charity declined from £768 to £380.
For 2025, the focus will be on increasing partlClP2tion through stronger promotion, while also exploring
ways to reduce costs. It is hoped that concerns around water quality will have diminished by then, leading to
improved turnout.
Health and Safety
There were no major safety events to report.
Fundraising activities
The charity generates income through the regatt4 donations. and various fundraising events. The charity
relies significantly on its subscribers and ' 150 Club" members.
Subscribers
The number of donors declined from 124 in 2023 to 103 in 2024. Excluding a one-off SI￿lfICant payment,
the average donation amount also decreased from £136 to £127. The regatta was able to reclaim £2,345 in
Gift Aid (compared to £3.222 in 2023), making use of its charitable status.
The 150 Club
The ' 150 Club" established to support major boat repairs and additions, encourages participants to subscribe
at £15 per quarter via standing order. Quarterly (traws provide three prizes to members.
In 2024, the club generated £2,445 in income (down from £2,820 in 2023), bringing the total fund to
£26,019. While the initiative remains a valuable source of fimding, membership numbers are slightly below
target. The conllnittee aims to increase participation to ensure sufficient resources for future boat
maintenance and replacements.
Page 3

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
FINANCIAL REVIEW
Financial summary
In 2024, total income amounted to £80,262, a slight decrease of £722 (1 / ) compared to 2023. Entry fees
decreased slightly by £791, while gate money saw an increase of £3,609 due to the better weather enjoyed in
2024. It's important to note that this income includes a one-off, generous donation of £1 0,000, which will not
be repeated in future years. This offsets the income from the Bingo event held in 2023 and not 2024.
Expenditure increased significantly to £1 00,426, up by £17,356 (21 / ) from 2023, largely due to costs for
boat repairslmaintenance (£12,000) and development of the new online enty system, as well as higher costs
in general.
The charity reports a pre-tax loss of £20.164, a substantial increase in losses compared to £2,086 in 2023.
After excluding non-cash items. the operational deficit stood at £12.153, compared to 2 surplus of £5,925 in
2023. This was primarily driven by the increased expenditure on maintenance, while some income shortfalls
also impacted the bottom line.
We understand the importance of financial sustainability and are actively working to minimize our costs
while exploring new income streams. Some of the steps we are taking include reviewing our supplier
contracts, exploring sponsorship opportunities, and developing new fundraising initiatives.
Reserves policy
The calculation of the required level of reserves is an Inte￿al part of the charity's planning and forecast
cycle. It takes into account:
- Risks associated with each stream of income and the expenditure being different from that budgeted;
Planned activity levels. and
- Known commitments, outside the nornial course of running the charity.
The trustees have set a reserves policy which requires funds to be maintained at a level which ensures that
the charity can maintain its nll]ning of the regatta for at least a twelve month period and have sufficient funds
available to carry out repairs and general maintenance to its fleet of boats. A proportion of reserves must be
maintained in a readily realisable fomi.
In December 2012, the trustees agreed that the general reserves should not be allowed to drop below £5,000
and the boat reserve should be maintained at £ l 0,000 for the regular maintenance and repair of the fleet. It
was also agreed that the boat reserve should establish a replacement fund so that the fleet may be updated, if
possible on a rolling five year programme. The target of the boat replacement fund is £20,000 which
represents the cost of three new dongolas. The cost of purchasing two new skiffs is £40,000 and the setting
aside of funds for this target would follow on from the replacement of the dongolas.
Page 4

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
FUTURE PLANS
The committee is planning its 2025 regatta and training sessions, with a strong focus on cost control,
increasing spectator engagement, and delivering a fun and successful event. While local support remains
strong, we remain mindful of the economic pressures affecting the community and disposable incomes.
Looking ahead to 2025, we anticipate additional costs, particularly the replacement of the stolen Tony Drew
boat, as well as repairs to our two foot punts. These expenses, along with the ongoing pressures from rising
costs. are expected to impact our financial position.
The committee's primary focus will be on ensuring that the regatta breaks even. with efforts centred on
controlling costs, increasing participation, and securing additional sponsorship. We are committed to
maintaining the quality of our event while managing these financial challenges, ensuring the charity's
long-tern] sustainability.
The board remains confident in the continued enthusiasm for the charity's activities and believes the Gift Aid
scheme will remain an essential tool for fLU]draising in the coming years.
We look fonvard to another successful year and appreciate the ongoing support from our members,
participants, and the local community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment, appointment and induction of new trustees
Trustees are carefully selected for their knowledge and experience of charitable organisations. New trustees
are elected at the Annual General Meeting. Newly appointed trustees are inducted to the work of the charity
by the chairnL2n and provided with all inforn]ation required to fulfil their role as trustees in accordance with
the deed of trust and the Charities Act 201 l. A trustee may retire voluntarily.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered CompanTr number
06516594 (England and Wales)
Registered Charity number
1146611
Registered o￿nCe
5th Floor
Thames Tower
Station Road
Reading
Berkshire
RGI ILX
Trustees
G C van Zwanenberg (resigned 12.4.24)
J C Paddison
M D Stubbs
C Barnard (appointed I1.4.24)
Page 5

WARGRAVE AND SHIPLAKE REGATTA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
REFERENCE AIND ADMINISTRATIVE DETAILS
Company Secretary
G C van Zwanenberg
Independent Examiner
J Pyke FCA
Vale & West
Chartered Accountants
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RGI ITG
This report has been prepared in accordance with the special provisions of Part IS of the Companies Act
2006 relating to small companies.
3010412025
Approved by order of the board of trnstees on ............................................. and signed on its behalf by:
C Bamard - Trustee
Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WARGRAVE AND SHIPLAKE REGATTA LIMITED
Independent examiner's report to the trustees of Wargrave and Shiplake Regatta Limited ('the
Company,)
report to the charity trustees on my examination of the accounts of th¢ Company for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounls of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 201 l Act,). In carrying out
my examination I have followed ihe Directions given by the Charity Commission under Section 145(5} (b) of
the 2011 Act.
Independent examiner's statement
I have completed my examination. I confinn that no matters hav¢ com¢ to my attention in connection with
the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act; or
the accounts do not accord with those records: or
the accounts do not comply with the accounting r¢quir¢ments of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination: or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
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.
J Pyke FCA
Vale & West
Chartered Accountants
Reading
Date..
Apr 30, 2025
Page 7

WARGRAVE AND SHIPLAKE REGATTA LIMITED
STATEMEINT OF FIINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEIIIBER 2024
31.12.24
Unrestricted
funds
31.12.23
Total
funds
Notes
INCOME AND ENDOWMEINTS FROM
Donations and legacies
36,642
31,352
Charitable activities
Annual regatta
43,171
49,421
Investment income
449
211
Total
80,262
80,984
EXPENDITURE OIN
Charitable activities
Annual regatta
Boat maintenance and repair
71,403
29,023
66,694
16,376
Total
100,426
83,070
NET INCOMEI(EXPENDITURE)
(20,164)
{2,086)
RECONCILIATION OF FUINDS
Total funds brought fonvard
144,996
147,082
TOTAL FUNDS CARRIED FORWARD
124,832
144,996
The notes fonn part of these financial statements
Page 8

WARGRAVE AND SHIPLAKE REGATTA LIMITED
BALAINCE SHEET
31 DECEMBER 2024
31.12.24
Unrestricted
funds
31.12.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
65,212
73,223
CURRENT ASSETS
Debtors
Cash at bank
1,465
64,256
105
77,749
65,721
77,854
CREDITORS
Amounts falling due within one year
(601)
(581)
LYET CURRENT ASSETS
65,120
77,273
TOTAL ASSETS LESS CURRENT
LIABILITIES
130,332
150,496
CREDITORS
Amounts falling due after more than one
year
(5,500)
(5,500)
LYET ASSETS
124,832
144.996
FUINDS
Unrestricted funds
124,832
144,996
TOTAL FUNDS
124,832
144,996
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 December 2024.
The members have not required the company io obthin an audit of its financial statements for the year ended
31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which othenvise comply with the
requirements of the Companies Act 2006 relaling lo financial statements, so far as applicable to the
charitable company.
The notes fonn part of these financial statements
Page 9
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
BALANCE SHEET - continued
31 DECEMBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
..3.Ql.Q.412Q25....................... and were signed on its behalf by:
C Barnard - Trustee
The notes fonn part of these financial statements
Page 10

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACCOUNTIING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, as modified by the revaluation of certain
assets.
Income
All income is reCO￿lSed in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis Consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Boats and equipment
Straight line over 20 years
The assets, residual values, useful lives and depreciation method are reviewed and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Going concern
The trustees are not aware of any material uncertainties that may cast significant doubt over the ability
of the charity to continue operation. The preparation of the financial statements on the going concern
basis is therefore deemed appropriate.
Pagell
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
ACCOUNTIING POLICIES - continued
Company status
The charity is a company limited by guarantee. The members of the company are the trustees named
on page l. In the event of the charity being wound up, the liability in respect of the guarantee is
limited to £1 per member of the charity.
IINVESTMENT INCOME
31.12.24
31.12.23
Deposit account interest
449
211
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after chargingl(crediting):
31.12.24
31.12.23
Depreciation - owned assets
8,011
8,011
TRUSTEES, REMUINERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
TANGIBLE FIXED ASSETS
Boats and
equipment
COST
At l January 2024 and
31 December 2024
160,220
DEPRECIATION
At l January 2024
Charge for year
86,997
8,011
At 31 December 2024
95,008
INET BOOK VALUE
At 31 December 2024
65,212
At 31 December 2023
73,223
Page 12
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
TANGIBLE FIXED ASSETS - continued
The boats and equipment comprise of skiffs. punts. dongolas and dinghies. The cost of the boats
acquired before l January 2012 is not known and for the purposes of the accounts, have been
recognised at deemed cost by reference to the insured value at 31 December 2012. Additions made
since that date have been valued at cost.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other debtors
1,465
105
CREDITORS: AMOUINTS FALLING DUE WITHIN OIYE YEAR
31.12.24
31.12.23
Other creditors
601
581
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24
31.12.23
Other creditors
Trustee loans
4,500
1,000
4,500
1,000
5,500
5,500
Other creditors and trustee loans relate to sums advanced to the charity to support the ongoing
charitable activities. Tbe loans are unsecured, carry no interest and have no sel date for repayment.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.24
Atl.1.24
Unrestricted funds
Regatta fund
Boat fund
5,000
139,996
4,114
(24,278)
(4,114)
4,114
5,000
119,832
144,996
(20,164)
124,832
TOTAL FUNDS
144,996
(20,164)
124,832
Page 13
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
MOVEMEINT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat fund
75,517
4,745
(71,403)
(29,023)
4,114
{24,278)
80,262
(100,426)
(20,164)
TOTAL FUNDS
80,262
(100,426)
(20,164)
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.23
Atl.1.23
Unrestricted funds
Regatta fund
Boat fund
5,000
142,082
11,470
(13,556}
(11,470)
11,470
5,000
139,996
147,082
(2,086)
144,996
TOTAL FUNDS
147,082
(2,086)
144,996
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat fund
78,164
2,820
{66,694)
(16,376)
11,470
(13,556)
80,984
(83,070)
(2,086)
TOTAL FUINDS
80.984
(83,070)
(2,086)
Page 14
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
MOVEMEINT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At 1.1.23
Unrestricted funds
Regatta fund
Boat fund
5,000
142,082
15,584
(37,834)
(15,584)
15,584
5,000
119,832
147,082
(22,250)
124,832
TOTAL FUNDS
147,082
(22,250)
124,832
A current year 12 months and prior year 12 months combined net movement in funds, included in tbe
above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Regatta fund
Boat tund
153,681
7,565
(138,097)
(45,399)
15,584
{37,834)
161,246
(183,496)
(22,250)
TOTAL FUNDS
161,246
(183,496)
(22,250)
The Regatta fund represents the general funds available to the charity for the organisation of the
annual regatta.
The Boat fund has been designated by the trustees for the ongoing maintenance, repair and
replacement of boats. The trustees envisage a boat replacement programme on a rolling five year basis
as funds allow. Routine maintenance and repairs are carried out annually as required.
Page 15
continued...

WARGRAVE AND SHIPLAKE REGATTA LIMITED
NOTES TO THE FINAINCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEIIIBER 2024
10. RELATED P2iRTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 16