==> picture [201 x 50] intentionally omitted <==
Trustees’ Annual Report for the period
From 1 January 2023 to 31 December 2023 Charity name: Exmouth Rowing Club Charity registration number: 1154367
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objectives of the Club are to promote community participation in healthy recreation by the provision of facilities for rowing on an amateur basis. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Formed in November 1993, Exmouth Rowing Club is an inclusive, community coastal rowing club. We aim to bring the traditions and skills of estuary and sea rowing to the town. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees considers that the club satisfies the Charity Commission’s guidance on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Not applicable |
| Policy on social investment including program related investment |
Para 1.38 | Not applicable |
| Contribution made by volunteers |
Para 1.38 | The club is enthusiastically supported by a number of volunteers mainly in the form of maintenance of boats, equipment and clubhouse plus assisting during home regattas. |
page � of 41
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The club continues to offer a healthy means of outdoor recreation to the community of Exmouth and surrounding East Devon. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The club Treasurer compiles the Annual Accounts and associated report and tables at the Annual General Meeting. The accounts are examined by an independent examiner. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves held and annually increased in savings account for the eventual long term replacement of boats |
| Amount of reserves held | Para 1.22 | ~£45,000 (Redwood Bank savings account) |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | No applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No concerns |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Annual membership fees Sponsorship of boats Grants |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | No investments other than general savings account for boat and equipment replacement. |
| A description of the principal risks facing the charity |
Para 1.46 | No significant potential financial risks. |
Structure, Governance and Management
| Description of charity’s trusts: | None | |
|---|---|---|
| Type of governing document | Para 1.25 | Constitution (revised February 2022) |
| How is the charity constituted? |
Para 1.25 | Unincorporated association |
page � of 42
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The club has a minimum three trustees (currently four). In the event of the number of trustees reducing to three the Management Committee will consider candidates for appointing an additional Trustee and present these four a member vote at the next AGM |
|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | Management Committee comprising Chairman, Deputy Chairman, Treasurer, Club Captain and Secretary. Welfare Officer and Safety Advisor as required by our governing body British Rowing. |
|---|---|---|
| Relationship with any related parties |
Para 1.51 | Affiliated with parent body British Rowing. |
Reference and Administrative details
| Charity name | Exmouth Rowing Club |
|---|---|
| Other name the charity uses | NA |
| Registered charity number | 1154367 |
| Charity’s principal address | Queens Drive, Exmouth EX8 2AY |
Names of the charity trustees who manage the charity
| 1 2 3 4 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| D McDermott | Treasurer | Whole of 2023 | Management Committee | |
| M Drew | Boat Captain | Whole of 2023 | Management Committee | |
| G Hurley | Life Member | Whole of 2023 | Management Committee | |
| L Norcliffe | None | Whole of 2023 | Management Committee |
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Not applicable Name and objects of the charity on whose behalf the assets are held Not applicable and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such Not applicable assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details
NA
Other optional information
NA
page � of 43
Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) D.M.McDermott Position Trustee Date 21 October 2024
page � of 44
Exmouth Rowing Club 2023 Accounts 1 January- 31 December 2023 1Jan22- 31 Dec 22 1Jan23- 31 Dec 23 RECEIPTS Subscri tions Event roceeds Christmas Pa Insurance claims Boat S onsorshi Sale of e ui ment Rent Ordnance Surve Grants Donations Savin s account interest 18,429.36 3,568.65 1,205.00 0.00 19,622.64 8,489.76 1.231.00 250.00 3,538.00 0.00 600.00 3,250.00 2,549.69 roceeds 20.00 750.00 0.00 420.25 496.87 29 134.13 ,l$m usa SUB TOTAL 40 765.69 PAYMENTS Insurance Buildin s+E rnent+Liabili ClubhouselLand Rent Water Electrici Broadband Statione & Posta Website ment urchases ui ment re airs and seNicin Buildin maintenance Boathouse consumables Rescue boat Su ort Boat Fuel Christmas Pa costs Event ex enses British Rowin annual affiliation fee WEARA annual subscri tion Subscri tion refunds Donations Trainin EntertainmentlPrizes 4 601.16 2,150.00 341.50 389.00 306.35 142.35 0.00 4 155.53 5,111.23 817.97 149.60 0.00 175.82 603.03 708.77 648.90 80.00 35.33 449.00 60.00 87.98 21013.52 4,827.27 2.150.00 433.00 769.97 263.74 120.65 49.39 6,620.75 7,407.85 730.10 354.51 0.00 44.20 952.33 5,739.99 693.40 80.00 301.68 0.00 7.85 27.75 31574.43 SUB TOTAL NET LOSS I GAIN {Receipts less Pa montsl 8 120.61 9 191.26 Membershi 31-Dec-22 92 31-Dec-23 92 Adult Junior Student Lrfe active members not active Non rowin b. Sub total non-rowln members TOTAL la+b a. Sub total active rowln Life 96 96 10 15 111 10 16 112 PAGE10F2
Exmouth Rowing Club Boats & Equipment Insured Values List of Assets @ 31.12.2023 2022 2023 D•scri tson No. Valua Totals No. Total$ Rushwtsrth uads IEXM 021. 022. 026 Saffran uads IEXM 01, 02. 03 'Rub uad EXM 0231 LiteRace uad IEXM 025 Double IEXM 0041 Donoratico Double Sin le IEXMOOSI Bur ashell IV fine boat LileRace sin le IEXM 024 LiteRace sin le EXM 027 Arancia Su ort Boat Tohalsu 30HP outboard Arancia beach trailer Road Trailer Pairs of Croker Seullin blades Pairs of Z&J scullin blades EXM 025 Pairs of"Blades GB" blades Gas Life ackets BDU anc ackels 100 N Life ackets Radios £36,000.00 £24 000.00 £12 000 00 £12,000.00 £1,000.00 £3,000 00 £500.00 £0.00 £4 000.00 £36.000.00 £24.000.00 £12.000.00 £12,000.00 £0.00 £3.000.00 N4t insuréd EXM 022 N4t itlxur £0.00 £4.000 00 £4,500.00 £6,000.00 £2.500.00 £750.00 £3,000.00 £21,600.00 £1,600.00 £1.200.00 £830 00 £320.00 £640.00 £1,260.00 insured Add•d WB £6,000.00 £2.500.00 £750.00 £3,000.00 £21,600.00 £1,600.00 £1,200 00 £630.00 £320.00 £640 00 £1,260.00 insured 36 32 32 £132,000.00 ¢rficall £135,000.00 Boathouse Contents £15 000.00 Boathouse Contents £15,000.00 Cash TSB Treasurers Account Redwood Bank 135 day Notice Savings Account} Current Account £8,474.95 £7,431.61 £35.398.81 £45,631.41 TOTAL CASH £43,871.76 £53,063.02 TOTAL ASSETS £190 871.76 £203 063.02 Accounts prepared for Exmouth Rowlng Club by David McDermott and Anne Jordan Accounts independently examined by Peter Grant ned Date Dale ?Lk. PAGE20F2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charity Name QLU On accounts for the year ended Charity no (if any) 3i.Il.1ts2 Set out on pages {renrthr to include the page numbers of addit&81 sheetsl I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended tji I 1.3 Responsibilities and As the charity Irustees of the Trust. you are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Charities Act 2011 {'the Act"). I report in respect of my examinalion of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have follawed the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. I have completed my examination. I confirm that no material matters have come to my attention lolher than that disclosed below") in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets ir théy do not apply. Signed: Date: Name: -& EoLPEAiGL C-OJWT . Relevant professional qualification(s) or body lif any): IER October 2018
Address: kMoL)T VON Kf Lkhp. Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that thè examiner wishes to disclose. IER October 2018