2022-09-30-accounts - Marlow Rowing Club

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents ofthe Financial Statements
forthe Year En ed SOSe tember 2022
		Page
ReportoftheTrustees	1	to	3
Independentgxaminer'sReport
Statement ofFinancial Activities
Statement ofFinancial Position	6	to	7
Statement ofCash Flows
Notes tothe Statement ofCash Flows
Notes tothe Financial Statements	10	to	16
Detailed Statement of Financial Acdvides	17 to

						30.9.22	30.9,21
				Unrestricted	Restricted	Tots I	Total
			Notes	fundf	fund E	fundsf	funds
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies			253,138		253,138	251,155
	Charitable activities
	Charitable Activities			302,786		302,786	283,639
	Other trading activities Investment income			88,971 196	9,952 7	98,923 203	25,270 198
	Other income			659		659	27,247
	Total			645,750	9,959	655,709	587,509
	EXPENDITURE ON
	Raising funds			63,903		63,903	61,280
	Chagtable activities Charitable Activities			684&486	4,289	688,775	616,105
	Total			748,389	4,2,89	752,678	677,385
	NET INCOME/(EXPENDITURE)			(102,639)	5,670	(96,969)	(89,876)
s
	RECONCIUATION OF FUNDS
	Total funds brought forward			2,479,760	57,734	2,537,494	2,627,370
	TOTAL FUNDS CARRIED FORWARD			2,377,121	63,404	2,440,525	2,537,494

	BOBSB	O
				30.9.22	30.9.21,
		Unrestdcted	Restricted	Total	Total
	Notes	fundf	fund	funds	funds
FIXEDASSETS
Tangible assets Investments	12 13	7S285,282 2	14,022	2,299,304 2	2,179,755 2
		2,285,284	14,022	2299 306	2,179,757
CURRENT ASSETS
Stocks	14	5,214		5,214	4,314
Debtors	15	20,035		20,035	32,835
Cash at bank		154,641	49,382	204,023	364,826
		179,890	49,382	229,272	401,975
CREDITORS
Amounts falling due within one year	16	(88,053)		(88,053}	(44,238)
NET CURRENT ASSETS		91,837	49,382	141,219	357,737
TOTAL ASSETS LESSCURRENT UARIUTIES		2,377,121	. 63,404	2,440,525	2537494
		2,377,121	63,404	2,440,525	2,537,494
FUNDS Unrestricted funds Restricted funds	17			2,377,121 63,404	8,479,760 57,734
TOTAIFUNDS				2,440,525	2537494

			Ilail I Y
			Statement ofCash Flaws
		forthe	Year En ed 3DSe tember2D22
		Notes	30.9.22 6	30.9.21 f
Cash flows from operating activities Cash generated from operations			110,004	3?„023
Net cash provided by operating activities			110,004	32,023
Cash flows from investing activities Purchase oftangible fixed assets Saleoftangible fixed assets Interest received			(271,010) 203	(146,938) 2,800 198
Net cash used in investing activities			(270,807)	(143,940)
Change in cash and cash equivalents reporting period	inthe		(160,803)	(111,917)
Cash and cash equivalents atthe beginning the reporting period		of	364,826	476„743
Cash and cash equivalents at the end reporting period	of the		204,023	364,826

M~IR i I L Notes t the Statement ofCash Flows forthe Year Ended 30Se mber 2022	M~IR i I L Notes t the Statement ofCash Flows forthe Year Ended 30Se mber 2022	M~IR i I L Notes t the Statement ofCash Flows forthe Year Ended 30Se mber 2022	M~IR i I L Notes t the Statement ofCash Flows forthe Year Ended 30Se mber 2022
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACIlVITIES				30.9.22 f	30.9.21
Net expenditure forthe reporting Activities)	period (as per the	Statement ofFinancial		(96rI69)	(89,876)
Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest received				151,461 (203)	136,088 (2,800) (198)
Increase in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors				(900) 12,800 43,815	(135) (11,056)
Net cash provided by operations				110,004	32,023
ANALYSIS OF CHANGES IN NET FUNDS
		At	1.10.21	Cash flow	At 30.9.22
			E	E	E
Net cash Cash at bank			364,826	(160,803}	204,023
			364,826	(160,803)	204,023
Total			364,826	(160,803)	204,023

				30.9.22	30.9.21
				f
Bank deposit account interest				203	198
INCOME FROM CHARITABLE ACTIVITIES
	ActlvltY			30.9.22 f	30.9.21 f
Courses income	Charitable	Activities		72,807	78,309
I0tsales	Charitable	Activities			1,259
Subscriptions	Chadtable	Activities		229,979	204,071
				302,786	283,639
RAISING FUNDS
Raising donations	and legacies			30.9.22	30.9.21 f
Donated services				11,760	16,560
Other trading activities				30.9.22	30.9.21
					f
Donated services				37,260	35,760
Fundra ising casts				14,883	8,960
				52,143	44,720
Aggregate amounts				63,903	61,280
CHARITABLE ACTIVITIES CO5TS
				Support
			Direct	costs (see
			Costsf	note 8) f	Totalsf
Charitable Activities			681,544	7,231	688,775
SUPPORT COSTS
				Governance
			Finance f	costsf	Totalsf
Charitable Activities			4,231	3,000	7,231

COMPARATIVES FORTHE STATEMENT OF FINANCIAL A	CTIVITiES
	Unrestricted	Restricted	Total
	fund	fund	funds
		E	E
INCOME AND ENDOWMENTS FROM
Donations and legacies	250,649	506	251,155
Chaditable activiYies
Charitable Activities	283,639		283,639
Other trading activities Investment income	25,270 194		25,270 198
Otherincome	27,247		27,247
Total	586,999	510	587,509
EXPENDITURE ON
Raising funds	61,280		61,280
Charitable activities
Charitable Activities	616,105		616405
	677,385		677,385
NET INCOME/(EXPENDITURE)	(90,386)	510	(89,876)
RECONCILIATION OF FUNDS
Total funds brought forward	2,570,146	57,224	2,627,370
TOTAL FUNDS CARRIED FORWARD	2,479,760	57,734	2,537,494

TANGIBLE RXED	AS5ETS
				Furniture
		Freehold	Rowing	and
		property f	equipment f	equipment f		Totals f
COST
At 1October 2021		2,290,110	715,835	110,508		3,116,453
Additions			138,102	132,908		271,010
At 30September	2022	2,290,110	853,937	243,416		3,387,463
DEPRECIATION
At 1October 2021		373,107	467,415	96,176		936,698
Charge for year		42,207	86,332	22,922		151,461
At30September	2022	415,314	553,747	119,098		1,088,159
NET BOOKVALUE
At30September	2022	1,874,796	300,190	124,318		2,299,304
At30September	2021	1,917,003	248,420	14332		2,179,755
AXEDASSETINVESTMENTS
						Shares	in
						group
						undertakings
						f
MARKET VALUE
At1October 2021and 30September 2022
NET BOOK VALUE
At 30September	2022
At30September	2021
There were no investment		assets outside the UK.
The company's investments		atthe balance sheet date in the share capital ofcompanies		include the	following:
Marlow Rowing	Club Trading Umited
Registered office:
Nature ofbusiness: Trading		company
Class ofshare:		holding
Ordinary		100		30.9.21		30.9.20
						f
					276		2


14.	STOCKS
							30.9.22 f	30.9,21 f
	Finished goods						5,214	4,314
15.	DEBTORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR
							30.9.22	30.9.21
							E	E
	Trade debtors							4,941
	Other debtors						20,035	27,894
							20,035	32,835
16	CREDITORS: AMOUNTS FALLING				DUE WITHIN ONE YEAR
							30.9.22	30.9.21
								E
	Trade creditors							6,544
	Marlow Rowing		Club Trading	Ltd			2	2
	President's fund						3,791	3,185
	Kev Fobs						3,209	3,189
	Sculling mck deposits Accrued expenses						360 80,691	360 30,958
							88,053	44,238
17.	MOVEMENT	IN	FUNDS
							Net
						At	movement	At
						1.10.21	in funds	30.9.22
							6	f
	Unrestricted	funds
	General fund					Z,479,760'	(102,639)	Zb377,121
	Restricted funds
	General fund					57,734	5,670	63,404
	TOTALFUNDS					2,537,494	(96,969)	2,440,525
	Net movement		in funds, included		in the abave are asfollows:
						incoming	Resources	Ivlovernent
						resources f	expended	in funds
	Uhreatrlcted	fuhds
	General fund					645,750	(748,389)	(102,639)
	Restdcted funds
	General fund					9,959	(4,289)	5,670
	TOTAL FUNDS					655,709	(752,678)	(96,969)

								Net
							At	movement	At
							1.10.20	in funds	30.9.21
							f	f	f
Unrestricted	funds
Genera Ifund							2,570,146	(90.386)	2,479,760
Restricted funds
General fund							57,224		57,734
TOTALFUNDS							2,627,370	(89876)	2 537494
Comparative	net movement		in funds, included	in the above are	as follows:
							Incoming	Resources	Movement
							resources f	expended f	in fundsf
Unrestricted	funds
Generalfund							586,999	(677,385)	(90,386)
Restricted funds General fund							510		510
TOTALFUNDS							587,509	(677,385)	(89,876)
A current year 12months		and prior year 12months combined			position	is	as follows:
								Net
							At	movement	At
							1.10.20	in funds	30.9.22
							f	f	f.
Unrestdcted General fund	funds						2,570,146	(193,025)	2,377,121
Restricted funds Generalfund							57,224	6,180	63,404
TOTAL FUNDS							2,627,370	(186,845)	2,440,525

Acurrent year 12 months and pdior year 12 mo	nths combined net movement in funds, i	ncluded in the abov	e are as follow
	Incoming	Resources	Movement
	resources f	expended f	in funds f
Unrestricted funds General fund	1,232,749	(1,425,774)	(193,025)
Restricted funds Generalfund	10,469	(4,289)	6,180
TOTALFUNDS	1,243p218	(1,430,063)	(186,845)

	for the Year Ended 30	Se tember2022
		30.9.22f	30.9.21 f
INCOME AND ENDOWMENTS
Donations and legacies
Donated services		246,100	248,300
Donations		7,038	2,855
		253,138	251,155
Other trading activities
Fundra ising events		48,718	6,957
Equipment hire			254
Equipment sales			4,108
Facilities hire		43,585	3,060
Rent receivable		6,620	10,891
		98,923	25,270
Investment income
Bank deposit account interest		203	198
Charitable activities
Courses income		72,807	78,309
Kit sales			1,259
Subscriptions		229,979	204,071
		302,786	283,639
Other income
Gain on sale oftangible fixed assets			2,800
Insurance receipts		659	1,070
Covld"19grants			13,286
Refunded entry fees			10,091
		659	27,247
Total incoming resources		655,709	587,509
EXPENDITURE
Raising donations	and legacies
Donated services		11,760	16,560
Other trading activities
Donated services		37,260	35,760
Fundmising costs		14,883	8,960
		52,143	44,720
Chaiitable activities
Coarhing		197,366	157,298
Cost ofcourses		3,012	2,568
Kit purchases		4,421	906
Truck		6,343	6,691
British rowing		5,972	9,519
Carried forward		217,114	176,982

				I x
				Detailed Statement ofFinanCial	Acthdities
				for the Year Ended 30Se tember2022
						30.9.22f	30.9.21 E
Charitable activities
Brought forward						217,114	176,982
Donated services						197,080	195,980
Rates and water						(1,682)	4,038
Insurance						20,361	21,422
Light and heat						19,237	14,989
Equipment expenses &		maintenance				29,399	26,340
Premises maintenance						15,118	9,981
Cleaning						12,339	7,293
Telephone						1,308	3,270
Safety						11,025	10,851
Admin fees						3,682	1,528
Equipment hire						5,102	1,876
Depreciation -	Freehold		property			42,207	51,997
Depreciation-	Rowing equipment					86,332	72,024
Depreciation -	Furniture	gr equipment				22,922	12,067
						681,544	610,638
Supportcosts
Finance
Bank charges						4,231	2,587
Governance	costs
Independent	examiner's		fees			2,700	2,658
Legal fees						300	222
						3,000	2,880
Total resources	expended					752,678	677,385
Net expenditure						(96,969)	(89,876)