Docusign EnvÈlope ID." 065820E4874E4A1A-B024721D07F99E3C
REGISTERED COMPANY NUMBER: 08￿2910 IEn8land and Wale51
REGISTERED CHARITY NUMBER: 1148787
PHOENIX CANOE CLUB UMtrED
Report ofthe trustees and
Unaudited financ5al statemènts for the 7 month period ended 31 December 2021
Page I

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Contents
For the 7 month perlod ended 310ecember 2021
Page
Reference and administrative details
Report of the trustees
4t08
Independent examinerfs report
Statement of flnancial activilies
io
Balance sheet
li
Statement of cashflows
12
Notes to the llnancial statements
13to21
Page 2

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Llmlted
Reference and adminlstratlve details
For the 7 month perlod ènded 31 December 2021
Règistered company number
08002910 (registered in England and Wales)
Registered ¢harlty number
1148787
Re8istered office
Suite IIS, Dev(>nshire House
Manor Way
8orehamwood
Hertfordshire WD6 IQQ
Incorporatlon
The charitable company was incorporated on 23 March 2012.
Trustèes
Andrew Moore Ichairmarnl
Dittany Bak Olesen
Megan Chidlow ITreasurerl
Amanda Gordon
Nicholas de Naeyer
Timothy J Rice Iresigned 18 March 20221
Julia Touloumbadjian (resigned 13 December 20211
Independènt examiner
Capital Tax Accountants Limited
Suite 115, Devonshire House
Manor Wav
Borehamwood
Hertfordshire WD6 IQQ
Bankers
Barclays Bank
LeicestershÈre
LE87 2BB
Page 3

Docusign EnvÈlope ID." 065820E4874E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Limited
Report of thè trustees
For the 7 month period ended 31 Detember 2021
The trustees who are also dirertors of the company for the purposes of the Companies Act 2006. present their report
with the financial statements of the charity for the 7 month period ende(131 December 2021. The financial statement5
comply with current statutory requirements, the memorandum and artides of association and the Statement of
Recommended Practice Reportin8 Accounting and by Ch3rities-. SORP applicable to charities preparing their accounts
in a¢¢ordance with FRS 102.
sfRucfuRE. GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trusl. and constitutes o limited company, limited by
guarantee, as defined by the Companies Act 2rA)6. The company has no share capital and in the event of liquidation or
bein8 wound up the liability of its trustees is limited to £1.
The tTUStees meet regularly throughout the year. wTrth the Centre Development Dirertor. The board of trustees are
committed to refreshing the Board when appropriate with new trustees who have the skills and networks needed to help
the charity achieve its goals. The trustees have overall responsibblity for approval of strategy. policies, plan5. risk
management. staff appointments and finance. The day to day management of the charity is delegated to the Centre
Development Director and Centre Activities Mana8er.
Public Bènefrt Statement
The trustees have had due regard to the guidat)￿ i55ued by the Charity Commission on public benefit when reviewing
the charitvs aims objectNes and plannin8 the future activities.
Sport England research shows that boosting participation in 5POrt can generate a variety of socio-economic benefits.
Sport can and does make a profound and positive impact on individuals, communities and wider society. The charity
considers that its activsties lead to significant publi¢ benefit in the areas highlighted by Sport England.
08)E￿IVEs AND AcnviTIES
The chariws objects are the promotion of community participation in healthy recreation for the benefit of inhabitants of
Greater London and surrounding areas by the provision of faulities for kayakin& canoeing and other outdoor sports.
The Phoenix Canoe Club and Phoenix Outdoor Cenlre are located next to the Welsh Harp reservoir on the borders of the
Boroughs of Barnet and Brent between West Hendon and Wembley. The outdoor centre runs a range of activitie5 for
schools, youth and tommunity groups a8ed from 9 upwards and adults offerin8=
Kayaking
Canoeing
Windsurfing
Team building
Bell boating
Raft building
First Aid ir3ining
Stand-up paddle boarding
Powerboat training
Forest khool
Orienteering
The elub is very active. meeting most Sundays at thè reservoir as well as running a wide selection of ri¥er trip5 and
training throughout the year.
As well as rnain stream 5thools and group5. we welcome partbcipants with additional needs or challengin8 behaviovrs.
We work c105ely with a wide variety of spetialist groups and organisations to hèlp promote education, personal
development and integration in a safe, fun and adventurous environment.
The eth05 behind all of our activities is the positive development of youn8 people throu8h sport and activities. As well a5
learning new skills and having fun. we aim to help unlock young people'5 full potential, build confidence. self-esteem and
dèvelop other beneficial life skills.
Page 4

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoè Club Limited
Report of the trustees
For the 7 month period ended 31 December 2021
Phoenix Outdoor Centre is licensed by the Adventurous Activitie5 Licensing Authority for Kayaking. Open Canoeing, Bell
Boating, Improvised Rafting, Sailing and Windsurfing IL93491R19401. Phoenix Outdoor Centre is a recognised RYA
Training Centre for Oinghy Sailing. Windsurfing, Power Boatlng and First Aid, RYA Sailability Centre and a British Canoein8
Quality Mark Centre. Phoenix Canoe Club is affiliated to British Canoeing and is accredited with Sport England's -club
Mark"
ACHIEVEMENT AND PERFORMANCE
In the calendar year 2021. the Covid-19 pandemic was Still limiting the extent the Club & Outdoor Centre were able to
open. By Easter we were able to open Camp Phoenix for young people aged 9-16, but with limited nurnbers and a range
of social di5tancinÉ and hy8iene measures in place. Due to school closures, we were able to add an extra week at Easter.
Schools returned on 29 March and School activity booking5 returned followed in lune by the Scout Association relaxing
their restrictions. Our norrnal winter Pool Se55ions were cancelled due to government restrictions at the tirne.
The Club & Centre recorded circa 9,000 participant attendances per 2-hour session,14,500 in 2020 and 9,378 in 20191.
Most Club & Cèntre training and taster courses that ran were full, as people were looking for outdoor attivities provide
fitne55 and wellbeing. We increased the Introductory Kayak Level I courses frorn its noTrnal 4 per year to 7 to keep up with
demand.
Our Centre Activities Manager. Mark Undefwood wa5 awarded a place in the London Marathon by the London Marathon
Charitable Trust which he completed in a very Te5PeCtable 3 hour5 23 minutes. Alongside the London Marathon, we ran
our own "Fundon Marathon" paddling around the Welsh Harp ftsr Iokm labout 3 laps) and one of the coaches did 50km
over a monthl Together, the event raised an amazing £9,000 toward5 the new building fund.
In the gummer of 2021. with the financial backing of Youn8 8arnèt Foundation. John Lyon'5 Charity and london 8orou8h
of Barnet we were able to offer free activity sessions to groups and individuals thai were in most need. The individuals and
groups targeted had either physical, financial, cultural or emotional barriers which might normally prevent them takin8
part in water sport activities. We targeted the groups that met our criteria for free sessions which included young carers,
BAME, disadvantaged. physical disabilities, SEND, religious groups, ex-pats, refugees. SPOftS groups. cancer patients.
postcode gang harmonising groups, foster children, arts & dance groups and holiday club schemes from low income area5.
We then organised taster sessions or a course in kayaking or sup for thesè group5 at the centre fully funded, and where
needed organised food and minibus or taxi transport to and from the centre.
The Club had to cut back its normal river trips and only managed to run one white water trip to the Tryweryn and Dee in
North Wales and minimal flat water river trips. The club had to cancel its re-scheduled white water trip io Slovenia due to
travel and foreign restricrion5 in 2021. however, the trip did go ahead in June 2022.
Page 5

Docusign EnvÈlope ID." 065820E4-B74E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Limited
Report ol the truste
For the 7 month perl¢Jd ended 31 De¢ember 2021
FUTURE PLANS
The club will coniinue its operations and nomial activities during 2022, with courses and activities for schools, youth and
community groups, and the8eneral public. River trips and activities in the UK have re<ommenced for canoe club members,
as well as the postponed trip to Slovenla took place in June 2022.
The charlty has resurrected the new building proie¢i in 2022. with the aim for completion by Easter 2024. The grant from
London Marathon Chariiable Trust for £250k in relation to thi5 project is slill in place and we hope to draw this down.
However. tottery Funding and Sport England 8fants were withdrawn and subject to a new application. The chaflty wlll
focus on raising funds and takin8 artions to progress this project.
FINANCIAL REVIEW
The charity has opted to move its year end date from 31 May to 310ecembef and presents a¢counts for the shorter 7
month period to the new date. A December year end is more suited to the annual activilies of the club and outdoor
centre, where the spring and summer periods are the busiest times.
The charitvs Income In the 7 month period was £135.603 (year to 31 May 2021= £190,267). The decrease in income
reflects the Shorter accountin8 period. The club was able to return to running courses durin8 majority of the2021 year,
despiie the on8oin8 Impact Covid-19 pandemic restricting numbers and activities in some months. In the year to 31 May
2021. the charily received grants from the national government in relation ¢0 ihe furlough scheme. In both ihe year to 31
May 2021 and the period to 310ecember 2021 the charity received grants in the form of rates relief from local
Bovernment.
Grants income from iwsts and foundations totalled £9.760 in the 7 month peflod (year to 31 May 2021.. £38.050I. Grants
Included £3.800 from john Lyon's Charlty for the School Holiday Activlty Scheme and £5,C#)O from Semble Network Ltd
(Actlon Funderl for a new bell boat.
Expenditure durin8 the 7 month perlod to 31 December 2021 was £114,973 Ivear to 31 May 2021.. £172,865, of which
£70,989 was for staff costs (year to 31 May 2021.. £101.6721, and £43,984 on other activity and sUPPOrt costs Iyear to 31
May 2021.. £71,193)
The surplus for the period to 310ecember 2021 was £20.630 (year to 31 May 2021.. £17,402). the surplus is higher than
normally received for a year as the 7 month period of these account5 includes the busier summer month5 where more of
the coufse fee income is received.
Net assets held at 31 December 2021 were £129.239 representing unrestrlcted funds of £115,171 and re5trieted fund5 ol
£14.068131 May 2021.. £108,609 comprising unrestricted funds of £96,137 and restricted funds of £12.4721.
RESERVES POLICY
The charity holds the following reserves:
Restrlcted reserves comprise funds available for expenditure in accordance with the donorf5 intention5 for the use ol the
fundln8, thè reserves helll at 31 Decernber 2021 arè £14,068131 May 2021: £12,472).
Page 6

Docusign EnvÈlope ID." 065820E4-B74E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Limited
Report of the trustees
For the 7 month pèrlod ended 31 December 2021
Designated reserves are funds set aside from unre5trirted reserves at the discretion of the trustees. In the case of
Phoenix Canoe Club they represenl the net book asset of fixed a55et5, these assets are essential io the operation of the
charity and its activities. and should not be considered realisable to meet commitments. Designated funds at 31
December 2021 are £36,424131 May 2021.. £35,691).
General resèrves are the balance of the charitie5 unrestrlcted reserves that have not been designated for a particular
purpose, a5 such they afe freely available to the trustees for any of the charl￿S puiposes. General lunds held at 31
Oe¢ember 2021 are £78.747131 May 2021= £60.4461. The increase in 8eneral reseThes by the end of the period reflects
the operatin8 surplus incurred in the period, and returns 8eneral re5eryes held to a level similar to pre-pandemlc levels
of around £77k.
The charity seeks to maintain general reserves equivalent to approximately 34 months of expenditure and this policy
suggests reseThes of around £70,000 are needed. The trustees are sat15fied with the levèl of reserves held at the end of
the period of £78.747 bein8 slightly h￿her than the policy fi8ure. given the innationary pfèssures in the UK economy at
the current time.
RISK POUCY
In accordance with best practice, the trustees keep a register of iisks facin8 the chafity. Risks are revlewed regularly, and
actions are taken and Controls put in place where appropriate. Through the risk management processes, the irustees are
satisfied rhat the major risks identified have been adequately mitigated where possible. It is reco8nised that Systems can
only provide some assurance that major risks have been adequately mana8ed and some risks are outside the control of
the charity.
The principle risk areas. and the maln mitl8ations are listed below.
Flnanclal and Incom•.' Controls are in place over access to bank accounts and through use of dual signatory conirols,
long with regular monitoring of finan¢ial results and the produttion ol forecasts. The charity reviews incorne 8eneratlon
sources and costs new activities, grants are applied for where additional income is needed to fund capital replacements
or specific activitio.
Safeiuardlni.. The Club and Centre work with youn8people and have policies and guidance to ensure that there are proper
safeguards in place to ensure that participants and staff operate in a safe environment for sport and recreation. Phoenix
Canoe Club Limited is lully committed to safeguardbn8 the well-being of its aub members and Centre user5. All members
nd users should show respect and understandin8 lor thè rights, safety and welfare of others. and ¢onduct themselves in
a way ihat refle¢rs the principles of the Club & Centre. We beli￿e that taking part In water sport should be p051tive and
enjoyable parts of children's of vulnerable adults, INes.
Health & Safety. It 15 the policy of Phoeni¥ Canoe Club ￿rnited to ￿Sure, 50 far as is ieasonably pfacticable, the health &
safety of its volunteers. employees and members. The Trustees, ¥olunteer staff and employee5 are to comply, as far a5 IS
reasonably practicable. with the requirements of the Health and Safety at Work etc. Act 1974. and with all its statutory
provisions. All members are required to assist in achieving this aim. Overall and primary responsibility for maintaining a
safe and healthy working environment within the Phoenix Canoe Club Limited rests with the Trustees. The or4us of overall
and primary responsibility does not absolve indlviduals from their specific ￿PonSIbl11t1e5.
Facilities: The charity review5 insurance regularfy to ensure adequate cover is in place. A forward maintenance plan
ensures facilities and equipment are renewed as needed. Additionally the club has a back up arrangement with another
centre in case of need.
Pa8e 7

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club knmited
Report of the irustees
For thè 7 month period ended 31 December 2021
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
Company law requires the tru5tee5 Iwho ale also direclor5 of Phoenlx Canoe Club Llmiied for the purpose5 Of Company
lawl to prepare financial statement5 that give a true and fair view of the state of affairs of the charity at the end of the
financial period and of its financial posltlon at the end of that period. In preparing those financial statements the
trustees are required to..
select suitable a¢¢ounting policies 8nd apply them consistentlv,.
make judgements and estimates that are reasonable and prudent,.
observe the methods and princlples in the Charities SORP;
state whether applicable UK accounting siandards and statement ol recommended practice have been
followed. subject to any material depariures disclosed and explained in the financial statements., and
prepare the financlal statements on a going Concern basi5 unless it is inapproprlate to presume that the
charitable company will continue in operation.
The trustees afe responsible for preparing a trustees, annual report and flnancial statements in accordance with
appllcable law and United Kingdom Accountln8 Standards IUnSted Kln8dom Generally Accepted Accouniing Practice).
The trustees afe responsible for maintalnlng proper acco￿ntIng records which disclose with reasonable accuracy at anv
tlme the financial posltlon ol the tharlty and enable them to ensure that the financial staternent5 comply wlth the
Companles Act 2006 and the Charitles Act 2011. The trustees are also responslble for safe8uardlng the assets of the
charlly and hence lor takln8 reasonable steps for the prevention and detectlon of fraud and other irre8ul8rities.
In so far as the trustees are aware..
there 15 no relevant information of whlch the ¢harltable Company's independent examlner Is unaware., and
the trustees have taken all steps that they ou8ht to have taken to make themselves aware of any relevant
Information and to establish that the independent examlner 55 aware of that Information.
Approved by order of the board of trustees on 29 September 2022 and slgned on Its behalf bv..
DoGu8*Md by..
Onw CLukni
Megan Chidlow
Page 8

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Independent examinerfs report io the trustees of
Phoenlx Canoe Club Umited
I report on the accounts for the period ended 31 De¢ember 2021 set out on pages 4 to 8.
Respectl¥e responsibilitles of tru$tees and examlner
The charity's trustees (who are also the directors for the purposes of company lawl are responsible for the preparation
of the account5. The charity's trustees consider that an audlt is not required lor this period (under Section 144121 of the
Charities Act 2011 (the 2011 actll and that an independent examination is required.
Having satisfied myself that the charity is noi subject to an audit under company law and 15 eligible for an independent
examination, il is my responsibility to..
Examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Direciions given by the Charity Commlssion lunder Section
14515llbl of the 2011 Act).. and
to state whether particular matters have come to my attention.
Basls of th• Independent eMam5nerf5 report
My examination was carried out in accordance with the General Directlons glven by the Charlty Cornmisslon. An
examination includes a review of the accountlng records kept by the charlty and a compJrison of the accounts presented
with those records. It also includes consideratlon of any unusual Items of disclosures in the accounts, and seeking
explanations from you a5 trusiees concernin8 any such matters. The Pfocedures undertaking do not provide all the
evidence that would be requlred Sn an audlt. and consequently no opinion is given as to whether the a¢counls present a
'true and falr vlew, and the report Is limited to those matters set out in the statements below.
Independent eMamlnee5 Statemant
In connection wlth my examlnatlon, no matter has come to my attention..
whlch gives me reasonable cause to believe that, In any materlal respect, the requirements..
to keep a¢countin8 records in accordance with Section 386 and 387 of the Companies Act 2￿6., and
to prepare accounts which accord wlth the accounting records, comply wlth the a¢¢ountln8 records of Section
394 and 395 of the C¢mpanles Act 2006 and with the methods and principles of the Statement of Recommended
Practice.. Accounting and Rep¢rting by Charities.
have not been met,. or
to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to
be reached.
Kumail Walji (Director)
Capital Tax Accountants Llmited
Suite 115, Devonshire House
Manor Way
Borehamwood
Hertfordshire WD6 IQQ
Date.. 29 Septernber 2022
Page 9

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Llmlted
Statement of financial artivitles for the 7 month period ended 31 December 2021
Ilncorporatln8 Income and expendlture account)
UnreMritt•d
RgstrittÈd
Total
Tot*1
7 Months to
al Decembtr
2011
Yearto 31
May
2021
Notes
Funds
FurK15
In¢¢me from:
Donatlon5 ènd Brants
Charitable acrivitie5
314
112,336
3,129
19,8Z4
20.138
IIZ.336
3,129
84,377
102,787
3.101
Investment income
Tot•1 Incom•
115779
190 267
Eyndltur• on:
Ce5ts of raisln8 fund5
188
101,557
458
172,407
13,228
114,785
Tot•1 •xpendltur•
101745
114 973
172 865
N•t Inrom•ll•xpendllur•l
14,034
6,596
20,630
17,402
Transfers Inlloutl between funds
s,wo
(s,0￿1>
Net ffl4)v•m•ni In funds
19,034
1,$96
20,630
17,402
R¢¢onclll•tbon olfunds..
Total funds bwu8ht forward
96.137
12,472
108,609
91.207
Totsl funds tarried foww•rd
115 171
129 239
There are no reco8nised 8èins and losses otherth•n those in the ststement of flnanclal activities. Therefor¢ no
statement of rotal reco8n15ed 8ains and losses has been prepared. All the above arnounts relate to cont5nuin8 activities.
Phoenix Canee Club Limlted has rnoved1ts year end date from 31 May to 31 December, in order to bring It rnore Into
line with our annual actiwty schedule. The fi8ure5 for the current period coverthe 7 months from l June 20ZI to the
new yeor end date of 31 December 2021. Cornparative fi8urts are foT the prior year to 31 May 2021.
The note5 on pages 13 to 22 forrn part of these accounts
Page 10

Docusign EnvÈlope ID." 065820E4874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Balance Sheet
As at 31 December 2021
Company no: 08002910
31
De￿mber
202L
31 May
2021
Notes
Fixed Assèts
Tan8ible Assets
io
36A24
35,691
Current Awts
Debtors
Cash at bank and in hand
li
8.929
102,386
111.315
30.464
100,861
131.325
Credltors: amounts fallln8 due within one year
12
18.500
58,407
Net current assets
92,815
72,918
Net assets
129,239
108,609
Funds
Unrestrirted funds
Designated funds
General funds
14
36.424
78,747
115,171
35.691
60.446
96,137
Restritted funds
13
14.068
12.472
Total funds
15
The charitable company is entitled to exemption from audtt under Section 477 of the Cgmpanies Act 2006 for the
period ended 31 December 2021. The company has moved its year end date from 31 May to 31 Oecember.
The member5 have not required the charitable company to obtain an audit of its financial statements for the 7 month
period ended 31 December 2021 in accordan￿ with Section 476 of the Companies Act 2006.
The directors acknowledge their Tesponsibilties for complying with the requirements of the Companies Act 2L￿6 with
respect to accounting records and preparation of accounts. The accounts have been prepared in accordance with the
provisions in Part IS of the Companies Act 2[￿ applicable to companies subject to the small companies regime.
The account5 were approved by the board of trustees on 29 September 2022 and signed on their behalf by=
Do¢uSbJn•d by.
Trea5urerl
The notes on pages 13 to 22 form part of these accounts
Page 11

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Car*oe Club Limited
Cash Flow Statement
For the 7 month perlod ended 31 December 2021
7 Monthsto
31 D•cemb•r
2021
Yearto 31
Mèy 2021
Co5h fiows from operatln8 attl¥Stles'.
Net lexpendlturellincome lor the financial Veèr
20,630
17.402
Adjustments lor:
Depreciation of tèn8lble assets
Investment intome
Ilncre35elde¢rease in debtor5
Increase In creditor5
15,581
23,065
21,53S
139,9071
119,8191
47,123
Net cash i•n•rnied from operatln8 aCtlvltl•s
17,839
67,769
C15h flows lrnm Inv•stlTh8 adlvltl•5:
In¢orne from Invesrment5
Purthase of plant and machln¢ry
116,3141
113,7801
N•tush from Irwestlni •¢tl¥ttl•i
116,314
113,7781
Chin8• In ush and tash equl¥il•fits In th• yur
1.525
53,991
Ca$h ind cash equivalents at the be8lnnln8of the year
100,861
46,870
C*sh •qulval•nli •t th• •nd of th• y•ir
102 386
Cash Jnd ush •qul¥alents Jt th• •nd of the yearcomprls•'.
sh at b•nk Ind In hand
Page 12

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Llmlted
Notes to the Financial Statemer
For the 7 month perSod end•d 31 Decèmber 2021
l. Accounting policies
al Bas1$ of preparatlon
The financial 5taternents have been prepared in accordance with Accountin8 and Reporting by Charities.. statement
of Recommended Prartice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20151- (Charities SORP IFRS
10211. the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021 and the Companies Act
21X)6.
The finantlal statements have been prepared under the historlcal cost conventlon wlth iterns recognised at cost or
transactlon value unless otherwise stated in the relevant accounting polities below or the notes to these financlal
ststement5.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 recognised at
hlstorical c05t or transattion value unless otherwise stated in the relevant accountin8 poliry notes. The functional
and presentational currenry is pounds sterling and roundln8 Is to the nearest pound.
bl Infome
Income Is recogn15ed In thé period in whlch the charltyls entltled to rece5pt and the amournt tan be measured wlth
reasonable certainty and It Is probable that the income will be recelved. Income is deferred only when the charltv
has to fulfil certain condltlons before becomin8 entitled to it or wherè the donor or funder has specified that ihe
income Is to be expended In a future accountln8 period.
Investment Income 5$ Included In the actounts when receivable.
Grants and donations are recognised onte entitlement and value have been conflrmed in writing.
cl Expendlture
Expenditure 15 recognisèd once here Is a legal or constructlve obllgatlon to make a payment tg a third party, It is
probably ihat settlement will be required and the amount of the obligation can be rnea5ured reliably. Expendlture
Includes irrècoverable VAT and comprises dlrect costs and support costs. All expenditure Is allocated to the activity
headings below. where the cosr relates dlrectly to that artivlty. Support costs are allocated using an apportionment
In proportion to staff time workin8 in each area.
Expenditure on raising funds includes all empenditure a55QClatèd with ralsing funds for the charity.
Expendlture on charitable actlvlties includes all costs aS50ciated wlth dellverlng all att¢vRSes of the charSty in the
provislon of its tharitable artivities.
dlT•xatlon
No liability to UK corporation tax arose on ordinary activities for the perlod ended 31 Decernber 2021 as the
cofflpany has tax-exempt charity status.
Page 13

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phtstnix Canoe Club Limited
Notes to the Flnanclal Statements
For the 7 month perlod ended 31 December 2021
l. Attountlng poll¢les l¢ontlnuedl
elTan8lble flxed assets
Depreciation is provided at thè following annual rates in order to write off each asset over its estimated
useful life..
Plant and equipment- ovèr 7 year5 tsn cost straight line basis
Motor vehicles over 4 years on cost straight1Sne basis
n Debtors
Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tsx recoverable
is included at the best estimate of the amount receivable at the balance Sheet date.
81 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity ol three
months or less from the date of acquisition or opening of the deposit or similar account.
h) Credltgrs
Creditors and provisions are recogni5ed where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliabty.
11 Fund accountlng
General funds are unrestrirted funds which are available for use at the discretion of the Trustees in furtherance of
the general objectives of the charity and whlch have not been designated for specific purposes.
Restricted fund5 are funds which are to be used in accordance with specific restrictions imposed by the donors. The
aim and use of each restritted fund is set out in the note5 to the accounts.
jl Pensions
The charity operates a defined contribution pension scheme for employees. These assets of the scheme are held
separately from those of the charity. The annual contributions payable are charged to the Statement of Financial
Activities.
Pa8e 14

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financlal Statements {continuedl
For the 7 month period ended 31 December 2021
2. Income from donations and grants
7 Months to
31 December
2021
Current year
Unrestrlcted
Fund5
Restricted
Fund$
Total
Funds
Donations
Grants- trusts and foundations
314
10,064
9.760
10,064
9,760
314
19,824
19.824
Yearto 31
May 2021
Total
Funds
Prior year
Unrestrirted
Funds
R*rtrlrted
Funds
T)onations
Grants- trusts and foundations
Grants- national and local governmeTht Telaled to Covid-19
1,210
1,210
38,050
45,117
38,050
45,117
38,050
84,377
3. Inome from charitable a¢tlvlties
7 Monihs io
31 December
2021
Current year
Unre5tritttd
Funds
Re￿rICted
Funds
Total
Fund5
Fee income: courses for schools. groups and individuals
112.33S
112,336
112 336
IIZ,336
Pa8e 15

Docusign EnvÈlope ID." 065820E4874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financial Statements Icontinuedl
For the 7 month period ended 310ecember 2021
3. Inome from thaFit•ble art￿ltIeS Icomlnuedl
Year to 31
May 2021
Total
Funds
Prlor year
Unrestrkted
Fund5
Restrfrted
Funds
Fee incorne: courses for schools. groups and ind￿ld￿al$
102.787
102.787
102.787
102,787
4. Income frorn othertradln8 a¢tlvttles
7 Months to
31 De¢ember
Z021
Current ytar
Unrestri¢ted
Funds
Restricted
Tot41
Funds
Funds
Membership income
Income from fundralsing events and auivitiÈs
3,097
32
3,(r37
32
3,129
3,129
Yearto 31
May 2021
Total
Funds
Prlor year
Unrtrtri¢ted
F￿d$
Fund5
Membership income
Income from fundraisinR events and acti¥ities
2.978
123
2,978
123
3.101
3,101
Page 16

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financlal Statements Icontinuedl
For the 7 month period ended 31 December 2021
S. Expendlture by actlvity type
7 Month5 to
310ecember
2021
Current year
Staff costs
Non Staff
Support
Costs
Totsl
Funds
Costs
Costs
Unrestrlaed funds..
Charitable activitie5
Activities for raising funds
58.923
23,915
188
18,719
lQl.S57
188
Totsl unre$tficted fvnds
58.9Z3
24,103
18,719
101,745
Re5trirted funds:
Charitable activities
12,066
1,162
13.228
Total restrlcted funds
12,066
1,162
13,228
25.265
18,719
114 973
Year to 31
May 2021
Total
Prior year
stsff ¢o$t$
Costs
Non Staff
C05t5
Support
Costs
Funds
Unrestricted lunds:
Charitable attivities
Activities for raising funds
89,911
32.668
458
29,987
152,566
458
Totsl unrtrtrlrted funds
89.911
33.126
29,987
153,024
Rèstrirted fund5'.
Charirable activitie5
11,761
8.080
19,841
Total r•strl¢ted funds
11,761
19,841
101.672
41.206
29,987
172.865
Page 17

Docusign EnvÈlope ID." 065820E4874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financial Statements {continued)
For the 7 month period ended 31 December 2021
6. Support costs
7 mont￿ to
31 December
2021
Yearto 31
May 2021
Total
Funds
Total
Funds
Property and related costs
Office expenses
Professional fees. accountancy and 5ub5criPtiL￿s
IT costs
Marketing costs
Governance costs
10.357
2,652
2.560
772
16,262
5,370
4.219
2,603
130
162
2216
1.403
18.719
29,987
7. Staff costs
7 Months to
31 De(embeT
2021
Year to 31
May 2021
Wages anil salarie5
Employers, National Insurance
Érnployers pension contributions
67.634
2,584
771
98,362
2,602
70,989
101.672
Average number of employees during the period/year
Average number of full time equivalent employees during the period/YÈar
11.0
Pagè 18

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financial Statements l¢ontlnuedl
For the 7 month period ended 31 December 2021
Trusttt txpenses
No trustees received any remuner3tion or expenses from rhe Charity in relation to the performance of their duties as trustees.
No trustee expenses were pald io rrustees during the period to 31 December 2021 or the year to 31 May 2021.
9. Net Income Is stated aftér ¢harKI
7 Months to
31 December
2021
Yearto 31
May 2021
DepreciatSon of owned fSxed assets
Independent Examlner's remuneration
15.581
1,200
23,065
1,200
10. Twnglble Ilxed assets
31 Oectmber
2021
31 May
2021
Pl•nt Ind
equlpment
Motor
vehlcles
Total
Total
Cost
Brought forward
Addltlons
113,653
14,354
13,926
1,960
127,579
16,314
113,799
13,780
Carried forward
128,007
15,886
143,893
127.579
Depretlatlon
Brought forward
Charge for the year
77,962
15.091
13,926
490
91,888
15,581
68,823
23,065
Carried forward
93,053
14,416
107,469
91,888
Net book value
As at JI Dtctmber 2021
As at 31 May 2021
34,954
35,691
1.470
36,424
35,691
35,691
44.976
Page 19

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Flnancial Statements Icontinuedl
For the 7 month period ended 31 December 2021
11. Debtors
31 ￿tember
2021
31 May
2021
Tradè debtors
Other debtors
Prepayrnents
Atcrued income
6.264
133
2.532
14,078
4,286
12.100
8.919
30.464
12. Cr•dltors
31 O•¢emb¢r
2021
31 May
2021
Trade credltors
Other taxatlon and socl31 securlty
Other ¢reditors
Accrua15
Deferred income
156
1,805
8,191
6,845
41.410
222
14,010
4,268
18,500
58,407
Page 20

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenlx Canoe Club Limited
Notes to the Financial Statements {continuedl
Forthe 7 month period ended 31 December 2021
13: Restrlrted funds
Balance at
l June
Balan￿ at
31 December
2021
Z021
Income
Expenditure
Tronsfeys
Current ptrlod
New Building fund
P05tcode Lottery
John Lyon's Charity SHAF
Semble Network Ltd
Brent Council
London Marathon Trust
4,004
1,125
10.064
14.068
11,1251
13,8001
3,8C#J
s,o(xJ
960
IS.0￿)
19601
17,3431
7,343
12A72
19,824
113,2281
I5,0￿)}
14.068
13.. Restricted funds
Balance at
l June
Balance at
31 May
2021
Prior year
2020
Incom•
Èxpenditure
Transfers
New Building fund
Postcode Lottery
john Lyon's Charity- eouipment
John Lyon's Charity- SHAF
London Marathon Trust
Youn8 Barnet Foundation
4.(K)2
4,039
4,004
1,125
12.9141
16,2201
12,JOOI
14,7571
13,8501
20,0(X)
2,100
12,100
3,850
113.7801
7,343
8,041
38,052
119,8411
113,7801
12,472
Transfers of fund5 represents the purchase of fixed assets using restricted grants, where the assets purchased with grant funds
are intended for the general purposes of the charity.
Purpose of restrlcted funds
New Building fund
John Lyon'5 Charity- SHAF
John Lyon's Charity- equipment
London Marathon Trust
Funds raised towards the lonB-term project of a new centre buildine for the charity.
School Holiday Activity Fund ISHAFI.
New equiprnent as part of Covid-19 pandemic response funding.
Grant to 5UPPOrt disadvantaged communities to participate in activities. by enablin8 the
delivery of targeted outreach.
Funds for the purchase of two new sailing craft and other supplies.
To offer activities under'August Activity Fund..
Funds for the purchase of new sailing craft.
Funds for setting up a Forest School.
Wembley National Stadlum Trust
Young Barnet Foundation
Edward Harvist Trust
P05tcode Lottery
Page 21

Docusign En¥ÈlopÈ ID." 065820E4-874E4A1A-B024721D07F99E3C
Phoenix Canoe Club Limited
Notes to the Financial Statements Icontinuedl
For the 7 month perlod ended 31 December 2021
14: De51gnated fund5
Balante at
31 De¢emb•r
2021
Balance at
31 Mav
2021
Capltal fund representSnB net book value of fixed asseis
36,424
46,997
36.424
46,997
IS: An4ly51s of net asmts bètw••n funds
JI D*cember 31 December 31 December 31 Oecember
2021
2011
2021
2021
Current year
Rertrlcted Llnreslrlcted Unrèitrlrted
Desl6n3t•d
G•n•ral
Funds
Fund5
Total
Funds
Funds
Tanglble flxed a55et5
Current asset5
Creditors due within one year
36,424
36,424
111,315
118,5001
14,068
97.247
118.500
14,068
36,424
78,747
129,239
Prfor yejr
31 May 2021 31 May 2021 31 May 2021 31 May 2021
Reslrlcted Unrestrlcted Unrestrlrted
Totsl
Deslgnattd
G•noral
Funds
Fundi
Funds
Funds
Tangiblt fixed assets
Current asset5
Creditors due within one year
3S.691
35,691
131,325
158,4071
12,472
118,853
158,4071
12,472
35,691
60A46
108,609
16. Penslon ¢ommltment5
The charity operates a separate defined eontributions pension 5cherne. The assets of the scheme are held separately from those
of the charity in an independently administered fvnd. The penslon cost5 charge represents contrlbution5 payable by the charlty
io the funds and arnounted to £771 in the 7 month period to 31 December 2021 (year to 31 May 2021.. £7081. Contributions
iotalling £222131 May 2021.. £2771 were payable to the fund at the balance Sheet date of 31 December 2021 and are Sncluded In
creditors.
Page 22