||||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| ## ## ## ## ## ## |||||Re ort of he|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| ## ##