2020-09-30-accounts - Marlow Rowing Club

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			Page
Report ofthe Trustees		1	to	3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		6	to	7
Cash Flow Statement
Notes tothe Cash Flow	Statement
Notes tothe Financial Statements		10	to	16

				Trustees
			for the Year Ended 305e tember 2020
Registered offire
Marlow Bridge Lane
Marlow
Buckinghamshire
SL7 1RH
Trustees
Mrs H Cousins
M )Parsons
Ms R Naylor
D FWells
Ms I-I I Palmer
Independent Examiner
Nicholas M Smith ACA, CTA
Institute ofChartered Accountants	in England and Wales
Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered		Auditors
Boston House
Henley-on-Thames
RG9 1DY
POST BALANCE SHEET EVENTS
Covid-19 virus
Since the year end, the Covid-19 virus British Rowing's and the Government's club's financial forecasts and reserves		has had a significant impact on the club's activities, both on and off the water. The club fully supports measures to reduce the spread and impact of the virus. The trustees regularly review and discuss the and remain confident the club has sufficient resources tocontinue operating for the foreseeable future.
Approved by order ofthe board oftrustees on.,			7Ju~WL, /	and signed on its behalf by:

		for the Year Ende	d 305e tember 20	20
					30,9.20	30.9.19
			Unrestricted	Restricted	Total	Total
		Notes	fund	fundf	funds	funds E
INCOME AND ENDOWMENTS Donations and legacies	FROM		263,645		263,645	327,524
Charitable activities Charitable Activities			224,123		224,123	233,094
Other trading activities Investment Income Other income			20,925 862 41,532	1,188 18	22,113 880 41,532	75,412 60 10,000
Total			551,087	1,206	552,293	646,090
EXPENDITURE ON Raising funds			61,266		61,266	64,118
Charitable activities Charitable Activities			536,550		536,550	529,457
Total			597,816		597,816	593,575
NET INCOME/(EXPENDITURE)			(46,729)	1,206	(45,523)	52,515
RECONCILIATION OF FUNDS
Total funds brought forward			2,616,875	56,018	2,672,893	2,620,374
TOTAL FUNDS CARRIED FORWARD			2,570,146	57,224	2,627I370	2,672,889

	~eel etc e eel	~eel etc e eel
	305e tember 2020
				30.9.20	30.9.19
		Unrestricted	Restricted	Total	Total
	Notes	fund f	fund f	funds f	fundsf
FIXEDASSETS Tangible assets Investments	12 13	2,168,905 2		2,168,905 2	2,248,839 2
		2,168,907		2,168,907	2,248,841
CURRENT ASSETS Stocks Debtors Cash at bank	14 15	4,314 16,204 436,015	16,496 40,728	4,314 32,700 476,743	6/105 27,688 423,224
		456,533	57,224	513,757	457,017
CREDITORS Amounts falling due within one year	16	(55,294)		(55,294)	(32,969)
NET CURRENT ASSETS		401,239	57,224	458,463	424,048
TOTAL ASSETS LESS CURRENT LIABILITIES		2,570,146	57,224	2,627,370	2,672,889
NET ASSETS		2,570,146	57,224	2,627,370	2,672,889
FUNDS Unrestricted funds Restricted funds	17			2,570,146 57,224	2,616,871 56,018
TOTAL FUNDS				2,627,370	2,672,889

		Balance Sheet	Balance Sheet
		305e tember 2020
					30.9.20	30.9.19
			Unrestricted	Restricted	Total	Total
		Notes	fund f	fund E	funds f	funds f
FIXED ASSETS Tangible assets Investments		12 13	2,168,905 2		2,168,905 2	2,248,839 2
			2,168,907		2,168,907	2,248,841
CURRENT ASSETS Stocks Debtors Cash at bank		14 15	4,314 16,204 436,015	16,496 40,728	4,314 32,700 476,743	6,105 27,688 423,224
			456,533	57,224	513,757	457,017
CREDITORS Amounts falling due within one year		16	(55,294)		(55,294)	(32,969)
NET CURRENT ASSETS			401,239	57,224	458,463	424,048
TOTAL ASSETS LESSCURRENT LIABILITIES			2,570,146	57,224	2,627,370	2,672,889
NET ASSETS			2,570,146	57,224	2,627,370	2,672,889
FUNDS		17			2,570,146	2,616,871
Unrestricted	funds				57,224	56,018
Restricted funds
					2,627,370	2,672,889

				Cash Flow Statement
			for the	Year Ended 30Se tember 2020
					30.9.20	30.9.19 f
			Notes
Cash flows from operating activities Cash generated from operations					92,734	151,519
Net cash provided by operating activities					92,734	151,519
Cash flows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets					(51,095) 11,000 880	(114,806) 10,000 60
Interest received
Net cash used in investing	activities				(39,215)	(104,746)
Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning ofthe reporting period					53,519 423,224	46,773 376,451
Cash and cash equivalents reporting period	at the end	of the			476,743	423,224

	for the	for the	Year Ended 30Se tember 2020	Year Ended 30Se tember 2020
RECONCILIATION OF	NET (EXPENDITURE)/INCOME		TO NET CASH FLOW FROM OPERATING ACTIVITIES 30.9.20		30.9.19
				E	f
Net (expenditure)/income for the reporting Activities)		period	(as per the Statement of Financial	(45,523)	52,515
Adjustments for: Depreciation charges Profit on disposal of Interest received Decrease in stocks (Increase)/decrease Increase/(decrease)	fixed assets In debtors in creditors			123,229 (3,200) (880) 1,791 (5,012) 22,329	143,019 (10,000) (60) 4,708 235 (38,898)
Net cash provided by operations				92p734	151,519
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.10.19	Cash flow	At 30.9.20
			f	E	E
Net cash Cash at bank			423,224	53,519	476,743
			423,224	53,519	476,743
Total			423,224	53,519	476,743


INVESTMENT INCOME			30.9.20	30.9.19
			f	f
Bank deposit account interest			880	60
INCOME FROM CHARITABLE ACTIVITIES			30.9.20	30.9.19
Courses income Kit sales Subscriptions Activity Charitable Charitable Charitable	Activities Activities Activities		f 25,963 553 197,607	f 45,836 4p107 183,151
			224,123	233,094
RAISING FUNDS
Raising donations and legacies			30.9.20	30.9.19
			f	f
Donated services			17,460	19,780
Other trading activities			30,9.20 f	30.9.19 f
Donated services Fundraising costs			36,660 7,146	34,930 9,408
			43,806	44,338
Aggregate amounts			61,266	64,118
CHARITABLE ACTIVITIES COSTS			Support
		Direct	costs (see
		Costs f	note 8) f	Totals f
Charitable Activities		526,466	10,084	536,550
SUPPORT COSTS			Governance
		Finance	costs	Totals
		f	f	f
Charitable Activities		2,362	7g722	10,084

30.9.20	30.9.19
F.	E
123,229	143,018
(3,200)	(10,000)

There were no trustees' expenses paid for the year ended 30September 2	There were no trustees' expenses paid for the year ended 30September 2	020 nor for the year ended	30September	30September	.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES		Unrestricted	Restricted		Total
		fund	fund		funds
		E	f
INCOME AND ENDOWMENTS Donations and legacies	FROM	278,149	49,375		327,524
Charitable activities Charitable Activities		233,094			233,094
Other trading activities		75,412 43		17	75,412 60
Investment income Other income		10,000			10,000
		596,698	49,392		646,090
Total
EXPENDITURE ON Raising funds		64,118			64,118
Charitable activities Charitable Activities		529,457			529,457
Total		593,575			593,575
		3 123	49,392		52,515
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward		2,613,748		6,626	2,620,374
TOTAL FUNDS CARRIED FORWARD		2,616,871	56,018		2,672,889

ANGIBLEFIXEDASSETS
			Furniture
	Freehold	Rowing	and
	property f	equipment	equipment E	Totals f
COST At 1October 2019 Additions Disposals	2,290,110	542,222 51,095 (12,000)	98,088	2,930,420 51,095 (12,000)
At 30September 2020	2,290,110	581,317	98,088	2,969,515
DEPRECIATION At 1October 2019 Charge for year Eliminated on disposal	269,113 51,997	343,072 56,519 (4,20D)	69,396 14,713	681,581 123,229 (4,200)
At 30September 2020	321,110	395,391	84,109	800,610
NET BOOK VALUE At 30September 2020	1,969,000	185,926	13,979	2,168,905
At 30September 2019	2,020,997	199,150	28,692	2,248,839
FIXED ASSET INVESTMENTS				Shares in
				group
				undertakings
				E
MARKET VALUE
At 1October 2019and 30September 2020
NET BOOK VALUE
At 30September 2020
At 30September 2019
There were no investment	assets outside the UK,
The company's investments	at the balance sheet date in the share capital ofcompanies Include the following;
Marlow Rowing Club Trading Umited
Registered office:
Nature of business: Trading	company
	9a
Class ofshare:	holding
Ordinary	100		30.9.20	30.9.19


4.	STOCKS						30.9.20	30.9.19
								E
	Finished goods						4,314	6,105
15.	DEBTORS: AMOUNTS	FALLING		DUE	WITHIN ONE YEAR		30.9.20	30.9.19
							E	E
	Trade debtors Other debtors						4,491 28,209	4,841 22,847
							32,700	27,688
16.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR				30.9.20	30.9.19
							f	E
	Trade creditors						6,913 2	6,863 2
	Marlow Rowing Club President's fund	Trading		Ltd			3,185 3,189	3,185 3,174
	Key Fobs						360
	Sculling rack deposits							13,032
	Accruals and deferred	income					41,645	6,713
	Accrued expenses
							55,294	32,969
17.	MOVEMENT IN FUNDS						Net
						At	movement	At
						1.10.19	in funds	30.9.20
							E
	Unrestricted funds General fund					2,616,875	(46,729)	2,570,146
	Restricted funds General fund					56,018	1,206	57,224
	TOTALFUNDS					2,672,893	(45,523)	2,627,370
	Net movement in funds, included				In the above are as follows:
						Incoming	Resources	Movement
						resources	expended	In funds
						E	E	E
	Unrestricted funds General fund					551,087	(597,816)	(46,729)
	Restricted funds General fund					1,206		1,206
	TOTAL FUNDS					552,293	(597,816)	(45,523)

Comparatives fo	r movement	in funds
							Net
						At	movement	At
					1.10.18		In funds	30.9.19
							E	E
Unrestricted funds General fund					2,613,748		3123	2,616,871
Restricted funds General fund						6,626	49,392	56,018
TOTAL FUNDS					2,620,374		52,515	2,672,889
Comparative net movement		in funds, included	in the above are	as follows:
					Incoming		Resources	Movement
					resources E		expended f	in funds E
Unrestricted funds General fund						596,698	(593,575)	3I123
Restricted funds General fund						49,392		49,392
TOTAL FUNDS						646,090	(593,575)	52,515
A current year	12months	and prior year 12months combined		position	is as follows:
							Net
						At	movement	At
						1.10.18	in funds	30.9.20
						f		E
Unrestricted General fund	funds				2,613,748		(43,606)	2,570,142
Restricted funds General fund						6,626	50,598	57,224
TOTAL FUNDS					2,620,374		6,992	2,627,366

Acurrent year 12months and prior year 12months	combined net movement in funds, included in	the above are as fo	llows;
	Incoming	Resources	Movement
	resources E	expended	in fundsf
Unrestricted funds General fund	1,147,785	(1,191,391)	(43,606)
Restricted funds General fund	50,598		50,598
TOTAL FUNDS	1,198,383	(1,191,391)	6,992