**REGISTERED COMPANY NUMBER: 07954383 (England and Wales) REGISTERED CHARITY NUMBER: 1148327** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2023** **for** **Marlow Rowing Club** Villars Hayward LLP Chartered Accountants, Chartered Tax Advisers and Registered Auditors Boston House Henley‐on‐Thames RG9 1DY **Marlow Rowing Club** ## **Contents of the Financial Statements for the Year Ended 30 September 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Statement of Financial Position**|6|to|7| |**Statement of Cash Flows**||8|| |**Notes to the Statement of Cash Flows**||9|| |**Notes to the Financial Statements**|10|to|16| |**Detailed Statement of Financial Activities**|17|to|18| **Marlow Rowing Club** ## **Report of the Trustees** ## **for the Year Ended 30 September 2023** 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 30 September 2023. 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 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives are set out in the Memorandum of Association. Section 4 of the Charities Act 2011 requires the Trustees to comply with their duty to have due regard to public benefit guidance published by the Charity Commission in exercising their powers or duties. The Charity's objectives are: ‐ the promotion of community participation in healthy recreation in particular by the provision of facilities for rowing sculling and other sports. ‐ providing and assisting in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions and life. ‐ advancing the education of children and young people through such means as the directors think fit in accordance with the Charities Act 2011. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The Charity has been supported in its aim to build a "Water Sports Hub" by Sport England as well as many private donations from members past and present as well as from the wider community. The club previously operated through an unincorporated association, which was a Community Amateur Sports Association but not a charity. Marlow Rowing Club entered a new era on 1 April 2013 when, having acquired the assets and liabilities of the old unincorporated association, the Charity took over the operation of Marlow Rowing Club. As a charity, Marlow Rowing Club has newly defined objectives as set out above. As such, the club now has philanthropic ambitions and responsibilities which go beyond the objectives of the old unincorporated association. The Charity now owns the freehold site at Marlow Bridge Lane having paid the final instalment of during the 2019 year end. It has made a number of long term undertakings to Sport England under the agreement for funding of £1m. These include undertakings to create a "Water Sports Hub", taking in a number of water sports in addition to rowing, increasing community use of the site and maximising participation in sport in and around Marlow. The Charity has undertaken to achieve Key Performance Indicators comprising numeric targets within a 5 year period. These include increasing the number of participants in the various water sports using the Hub, increasing the number of participants with disabilities and increasing the number of total visits to the Hub. Taking the above aspects together, Marlow Rowing Club's remit now extends beyond meeting the needs of those already committed to rowing. Its task is to try and attract other potential participants so that they too can benefit from the facilities offered by the Hub. A key aspect of trying to increase participation is to recognise that for some people, cost is a barrier. The Charity is committed to trying to remove or reduce any such barriers by not setting membership subscriptions and course fees at levels which seek to fully cover the associated costs and by offering reduced fees or bursaries through the Chairmans' Fund in appropriate cases. ## **FINANCIAL REVIEW** ## **Reserves policy** The Trust's Unrestricted funds are held to ensure that ongoing project costs can be supported for the foreseeable future, and to provide income towards annual operating costs. Page 1 **Marlow Rowing Club** ## **Report of the Trustees for the Year Ended 30 September 2023** ## **FINANCIAL REVIEW** ## **Financial position** Income from member's subscriptions increased this year to £282k from £230k in the prior year, reflects the continued increase in the number of members over recent years. The club also runs a series of learn to row courses and team building events over the year as well as benefitting from the hire of its facilities. The club is well placed to meet the high demand for a wide range of courses. It has been particularly encouraging to see a large proportion of the learn to row participants go on to become full and active members of the club at the conclusion of their course. The club, along with the wider economy, continues to face a broad number of inflationary pressures across its cost base. However, it tries to maintain membership subscriptions as low as possible to ensure participation is affordable to as many people as possible. The cub has a continuing need to continue to invest in our rowing fleet and equipment. The club has made investment in equipment of £41k during the year. As with previous years, this has been made from surplus funds and in line with the club's long‐term investment plan. The club relies significantly on fundraising to finance investment in new boats and equipment for members and expects to increase investment spend as fundraising activities and reserves permit. During the year to September 2023, due to some energetic and inspirational fund‐raising efforts by members and a wide range of other supporters, fundraising activities generated £50k for the club which was promptly allocated for new boat purchases. In addition to cash income, the club continues to benefit from the generous donation of services free of charge by members. The value of these donated services in 2022/23 was £270k and the club could not survive without them. In a normal year, the club benefits from fund raising at both the Marlow Spring Regatta and Marlow Town Regatta. Unfortunately, due to adverse weather conditions, the Spring Regatta was cancelled but it was followed by a very well supported Town Regatta in July, which contributed £13k net of costs to the club's finances. The overall financial result for the year was an excess of expenditure over income of £137k. This result reflects the level of non‐discretionary expenditure inherent in the club's operations. However, available cash balances at the year‐end remain high and the encouraging level of membership renewals for the 2023/24 year provides confidence in the continuing strength of the club's position. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is governed by its Memorandum and Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** Trustees are appointed by the members of the company in accordance with the Memorandum and Articles of Association. ## **Induction and training of new trustees** They are introduced with a full range of relevant guidance and appropriate information on their new responsibilities. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 07954383 (England and Wales) ## **Registered Charity number** 1148327 ## **Registered office** Marlow Bridge Lane Marlow Buckinghamshire SL7 1RH Page 2 MaTlow Rowln Club ort ol the Trustees forthe Year Ended 30 Se tember 2021 Trustees E I Phillips lappointed 12.7.231 M J Par50n5 D F We115 Ms H J Ch3dley (resigned 12.7.231 Mrs l HarEreave5 Ms J Lyons Mrs AS O'conthulr (appointed 12.7.231 Independent E¥amlner Nicholas M Smith 8FP. ACA, CTA Villars Hayward LLP Chartered Accountants, Chartered Tax Advisers and Registered Auditors Bosron House Henley-on-Thame5 RG9 IDY STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are a150 the directors of Marlow Rowlng Club for the purposes of company lawl ale responsible lor preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting stsndards Iunited Klngdom GenerallyAccepted Accounting Practice). Cornpany law requires the trustees to prepare financial statements for each linanclal year which give a true and fair view of the state of affalrs of the charitable comp3ny and of the inctsmlng resources and applitatlon of resources, including the incorne and expenditure, of the charitable company for that period. In prÈparlng those financi315tatÈments, the trustees are required to select sultable accountlng policies and then apply them consistently.. observe the method5 and principles in the Charity SORP,. make judgements and estimates that 3re reasonable and prudent., prepare the financial statements on the golne concern basls unless it 15 inappropriate to presume that the charitable corDpany will contlnue in business. The trustees are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financi31 position of the charitable company and to enable them to Ènsure that the flnanc131 statements cotnply with the Companies Acl 2006. They are also responsible for safegu3rdin8 the 35SÈts of the charitable corDpany and hence for takinE reasonable steps for the prevention and detection of fraud and other Irregularitie5. Approved by order of the board of trustee5 on........ and SiEned on Irs behalf by.. D F Wells. Trustee Page 3 Inde endent Examlnevs Re ort to the Trustees of MaTlow Rowin Club Independent examiner's report to the trustees of Marlow Rovjlng Club I'the Cornpany'l I report to the charitytrustees on my eK3mlnation of the attounts of the Company for the year ended 30 September 2023. Re5panslbllltles and ba51s of report As the charlty's trustees of the Company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 20061.the 2006 Act'l. Having satisfied myself that the account5 of the Company are not required to be audited under Part 16 of the 2006 Act and 8re eligiblÈ for Independent examination, I repori in respect of my examination ol your chÈrity's account5 as carrlod out under Sèction 145 01 the Charities Act 20111.the 2011 Act'l. In c8rryinE Out my examination I h3ve followed the Directlons 8lven by the Charltv Commisslon under Section 145151 Ibl ol the 2011 Act. Independent examiner's statement Since your charity's gr055 income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examlnation bec4u5e l am a member ol the Institute of Chartered Accountants in England and Walès, which is one of the listed bodies. I have completed my examinatlon. I confirm that no matters have COMÈ to my attention in connection with the erdmination giving me cause to belleve.. accountlna records were not kept in respect of the Company 45 required by Section 386 of the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply wlth the accountin8 requirements of SÈctlon 396 01 the 2006 Act other than any requirement that the attounts give a true and fair view which is not a matter considered as part of an independent examinatlon.. or the accounts have not been prepared in accordance with the methods and principles of the Statement ol Recommended Practice for accountin8 and reporting by charities (applicable to charities preparing their accounts in accord3nce with the Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 10211. I have no concern5 and have come across no other m3tters in connection with the examination to whlth attention should be drawn In thls report in order to enable a propÈr understanding of the accounts to be reached. Nicholas M Smith BFP, ACA. CTA Villars Hayward LLP Chartered Accountant5, Chartered Tax Adviser5 and Registered Audltors Boston House Henley-on-Thames RG9 IDY Oate-. 2S Jvw lozy Page 4 ## **Marlow Rowing Club** ## **Statement of Financial Activities** ## **for the Year Ended 30 September 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Charitable Activities
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Charitable Activities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
280,132
348,582
93,639
471
‐
722,824
65,718
798,414
864,132
(141,308)
2,377,121
2,235,813|Restricted
fund
£
7,479
‐
‐
330
‐
7,809
‐
3,953
3,953
3,856
63,404
67,260|30.9.23
Total
funds
£
287,611
348,582
93,639
801
‐
730,633
65,718
802,367
868,085
(137,452)
2,440,525
2,303,073|30.9.22
Total
funds
£
253,138
302,786
98,923
203
659
655,709
63,903
688,775
752,678
(96,969)
2,537,494
2,440,525| |---|---|---|---|---| The notes form part of these financial statements Page 5 ## **Marlow Rowing Club** ## **Statement of Financial Position** ## **30 September 2023** |Notes
**FIXED ASSETS**
Tangible assets
13
Investments
14
**CURRENT ASSETS**
Stocks
15
Debtors
16
Cash at bank
**CREDITORS**
Amounts falling due within one year
17
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
2,169,823
2
2,169,825
2,640
27,032
118,935
148,607
(82,619)
65,988
2,235,813
2,235,813|Restricted
fund
£
11,919
‐
11,919
‐
‐
55,341
55,341
‐
55,341
67,260
67,260|30.9.23
Total
funds
£
2,181,742
2
2,181,744
2,640
27,032
174,276
203,948
(82,619)
121,329
2,303,073
2,303,073
2,235,813
67,260
2,303,073|30.9.22
Total
funds
£
2,299,304
2
2,299,306
5,214
20,035
204,023
229,272
(88,053)
141,219
2,440,525
2,440,525
2,377,121
63,404
2,440,525| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 6 Marlow Rowln Club Statement of Financial Position contlnued 305e ternber 2023 These financia1 stateTnents have been prepared In accordance with the provisions applicable to charitable companies subject to the Small tompanie5 regime. The financial statements were approved by the Board of Trustees and authorised for issue on were slgned on it5 behalf by.. and D F We115-Trustee MJPa 5- Trustee The notes form p7rt of these linanclal statements Page 7 ## **Marlow Rowing Club** |**Statement of Cash Flows**
**for the Year Ended 30 September 2023**
30.9.23
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
10,905
Net cash provided by operating activities
10,905
**Cash flows from investing activities**
Purchase of tangible fixed assets
(41,453)
Interest received
801
Net cash used in investing activities
(40,652)
**Change in cash and cash equivalents in the**
**reporting period**
(29,747)
**Cash and cash equivalents at the beginning of**
**the reporting period**
204,023
**Cash and cash equivalents at the end of the**
**reporting period**
174,276|30.9.22
£
110,004
110,004
(271,010)
203
(270,807)
(160,803)
364,826
204,023| |---|---| The notes form part of these financial statements Page 8 ## **Marlow Rowing Club** ## **Notes to the Statement of Cash Flows** ## **for the Year Ended 30 September 2023** ## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**||| |---|---|---| |**Net expenditure for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Decrease/(increase) in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|30.9.23
£
(137,452)
159,015
(801)
2,574
(6,997)
(5,434)
10,905|30.9.22
£
(96,969)
151,463
(203)
(900)
12,800
43,813| |||110,004| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1.10.22|Cash flow|At 30.9.23| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank|204,023|(29,747)|174,276| ||204,023|(29,747)|174,276| |**Total**|204,023|(29,747)|174,276| The notes form part of these financial statements Page 9 **Marlow Rowing Club** ## **Notes to the Financial Statements** ## **for the Year Ended 30 September 2023** ## **1. ACCOUNTING 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 1 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, with the exception of investments which are included at market value. ## **Income** All income is recognised 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. |Freehold property|‐|Straight line over 40 years| |---|---|---| |Rowing equipment|‐|15% on cost| |Furniture and equipment|‐|15% on cost| ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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. Restricted funds must be spent in accordance with the wishes of the donor. ## **2. DONATIONS AND LEGACIES** |Donated services
Donations
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Facilities hire
Rent receivable|30.9.23

£
269,812
17,799
287,611
30.9.23

£
76,089
7,550
10,000
93,639|30.9.22
£
246,100
7,038| |---|---|---| |||253,138| |||30.9.22
£
48,718
43,585
6,620
98,923| continued... Page 10 ## **Marlow Rowing Club** ## **Notes to the Financial Statements ‐ continued** ## **for the Year Ended 30 September 2023** ## **4. INVESTMENT INCOME** |Bank deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Courses income
Charitable Activities
Kit sales
Charitable Activities
Subscriptions
Charitable Activities
**6.**
**RAISING FUNDS**
**Raising donations and legacies**
Donated services
**Other trading activities**
Donated services
Fundraising costs
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activities
**8.**
**SUPPORT COSTS**
Charitable Activities|30.9.23

£
801
30.9.23

£
66,008
69
282,505
348,582
30.9.23

£
12,840
30.9.23

£
38,340
14,538
52,878
65,718
Support
Direct
costs (see
Costs
note 8)
£
£
795,254
7,113
Governance
Finance
costs
£
£
4,115
2,998|30.9.22
£
203
30.9.22
£
72,807
‐
229,979| |---|---|---| |||302,786| |||30.9.22
£
11,760
30.9.22
£
37,260
14,883
52,143
63,903
Totals
£
802,367| |||Totals
£
7,113| continued... Page 11 **Marlow Rowing Club** **Notes to the Financial Statements ‐ continued for the Year Ended 30 September 2023** ## **9. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||30.9.23|30.9.22| |---|---|---| ||£|£| |Depreciation ‐ owned assets|159,015|151,461| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. ## **11. STAFF COSTS** There were no staff costs for the year ended 30 September 2023 nor for the year ended 30 September 2022. The average monthly number of employees during the year was as follows: ||30.9.23|30.9.22| |---|---|---| |Administration|5|5| No employees received emoluments in excess of £60,000. ## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Charitable Activities
Other trading activities
Investment income
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable Activities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward|Unrestricted
fund
£
253,138
302,786
88,971
196
659
645,750
63,903
684,486
748,389
(102,639)
2,479,760|Restricted
fund
£
‐
‐
9,952
7
‐
9,959
‐
4,289
4,289
5,670
57,734|Total
funds
£
253,138
302,786
98,923
203
659
655,709
63,903
688,775
752,678
(96,969)
2,537,494| |---|---|---|---| continued... Page 12 ## **Marlow Rowing Club** ## **Notes to the Financial Statements ‐ continued** ## **for the Year Ended 30 September 2023** ## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ‐ continued** |**TOTAL FUNDS CARRIED FORWARD**
**13.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 October 2022
Additions
At 30 September 2023
**DEPRECIATION**
At 1 October 2022
Charge for year
At 30 September 2023
**NET BOOK VALUE**
At 30 September 2023
At 30 September 2022
**14.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 October 2022 and 30 September 2023
**NET BOOK VALUE**
At 30 September 2023
At 30 September 2022|Freehold
property
£
2,290,110
‐
2,290,110
415,314
51,997
467,311
1,822,799
1,874,796||Unrestricted
fund
£
2,377,121
Rowing
equipment
£
853,937
40,449
894,386
553,747
84,074
637,821
256,565
300,190||Restricted
fund
£
63,404
Furniture
and
equipment
£
243,416
1,004
244,420
119,098
22,944
142,042
102,378
124,318|| |---|---|---|---|---|---|---| |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the following: ## **Marlow Rowing Club Trading Limited** Registered office: Nature of business: Trading company |**Marlow Rowing Club Trading Limited**
Registered office:
Nature of business: Trading company|||| |---|---|---|---| ||%||| |Class of share:|holding||| |Ordinary|100||| |||30.9.23|30.9.22| |||£|£| |Aggregate capital and reserves||276|276| continued... Page 13 **Marlow Rowing Club** ## **Notes to the Financial Statements ‐ continued** ## **for the Year Ended 30 September 2023** ## **15. STOCKS** |Finished goods
**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Marlow Rowing Club Trading Ltd
President's fund
Key Fobs
Sculling rack deposits
Squad funds
Accrued expenses
**18.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
General fund
**TOTAL FUNDS**|At
1.10.22
£
2,377,121
63,404
2,440,525
Incoming
resources
£
722,824
7,809
730,633|30.9.23
£
2,640
30.9.23
£
27,032
30.9.23
£
2
1,892
3,234
360
6,419
70,712
82,619
Net
movement
in funds
£
(141,308)
3,856
(137,452)
Resources
expended
£
(864,132)
(3,953)
(868,085)|30.9.22
£
5,214
30.9.22
£
20,035
30.9.22
£
2
3,791
3,209
360
‐
80,691
88,053
At
30.9.23
£
2,235,813
67,260
2,303,073
Movement
in funds
£
(141,308)
3,856
(137,452)| |---|---|---|---| |||(|| |||R
e
(
(|| continued... Page 14 **Marlow Rowing Club** ## **Notes to the Financial Statements ‐ continued** ## **for the Year Ended 30 September 2023** ## **18. MOVEMENT IN FUNDS ‐ continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
General fund
**TOTAL FUNDS**|At
1.10.21
£
2,479,760
57,734
2,537,494|Net
movement
in funds
£
(102,639)
5,670
(96,969)|At
30.9.22
£
2,377,121
63,404| |---|---|---|---| ||||2,440,525| Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
645,750
**Restricted funds**
General fund
9,959
**TOTAL FUNDS**
655,709
A current year 12 months and prior year 12 months combined position is as follows:
At
1.10.21
£
**Unrestricted funds**
General fund
2,479,760
**Restricted funds**
General fund
57,734
**TOTAL FUNDS**
2,537,494|Resources
expended
£
(748,389)
(4,289)
(752,678)
Net
movement
in funds
£
(243,947)
9,526
(234,421)|Movement
in funds
£
(102,639)
5,670
(96,969)
At
30.9.23
£
2,235,813
67,260| |---|---|---| |||2,303,073| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|1,368,574|(1,612,521)|(243,947)| |**Restricted funds**|||| |General fund|17,768|(8,242)|9,526| |**TOTAL FUNDS**|1,386,342|(1,620,763)|(234,421)| continued... Page 15 **Marlow Rowing Club** ## **Notes to the Financial Statements ‐ continued** ## **for the Year Ended 30 September 2023** ## **19. RELATED PARTY DISCLOSURES** During the year £10,000 (2022: £6,500) was received from Marlow Rowing Club Trading Limited in respect of rent. ## **20. RESTRICTED FUNDS** During the year donations totalling £7,479 (2022: £9,952) were made to the club. Interest on donations made to the club amounted to £330 (2022: £7). Expenses relating to restricted funds amounted to £3,953 (2022: £4,289). Page 16 ## **Marlow Rowing Club** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donated services
Donations
**Other trading activities**
Fundraising events
Facilities hire
Rent receivable
**Investment income**
Bank deposit account interest
**Charitable activities**
Courses income
Kit sales
Subscriptions
**Other income**
Insurance receipts
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donated services
**Other trading activities**
Donated services
Fundraising costs
**Charitable activities**
Coaching
Cost of courses
Kit purchases
Truck
British rowing
Donated services
Rates and water
Insurance
Light and heat
Equipment expenses & maintenance
Premises maintenance
Cleaning
Carried forward|**Detailed Statement of Financial Activities**
**for the Year Ended 30 September 2023**
30.9.23
30.9.22
£
£
269,812
246,100
17,799
7,038
287,611
253,138
76,089
48,718
7,550
43,585
10,000
6,620
93,639
98,923
801
203
66,008
72,807
69
‐
282,505
229,979
348,582
302,786
‐
659
730,633
655,709
12,840
11,760
38,340
37,260
14,538
14,883
52,878
52,143
217,513
197,366
5,850
3,012
‐
4,421
12,056
6,343
13,648
5,972
218,630
197,080
1,937
(1,682)
27,041
20,361
50,349
19,237
24,359
29,399
25,421
15,118
12,268
12,339
609,072
508,966| |---|---| ||| This page does not form part of the statutory financial statements Page 17 ## **Marlow Rowing Club** |**Charitable activities**
Brought forward
Telephone
Safety
Admin fees
Equipment hire
Depreciation ‐ Freehold property
Depreciation ‐ Rowing equipment
Depreciation ‐ Furniture & equipment
**Support costs**
**Finance**
Bank charges
**Governance costs**
Independent examiner's fees
Legal fees
Total resources expended
**Net expenditure**|**Detailed Statement of Financial Activities**
**for the Year Ended 30 September 2023**
30.9.23
30.9.22
£
£
609,072
508,966
749
1,308
24,186
11,025
2,232
3,682
‐
5,102
51,997
42,207
84,074
86,332
22,944
22,922
795,254
681,544
4,115
4,231
2,800
2,700
198
300
2,998
3,000
868,085
752,678
(137,452)
(96,969)| |---|---| ||| This page does not form part of the statutory financial statements Page 18