Charity registratlon number 1157563
Company r•gistration numbor 07388256 (england and Wales)
LEA ROWING CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023

LEA ROWING CLUB LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
President
D J Porter
Trustee8
S Clark
DRNEIIIS
A Jucker
M Pooley
D J Porter
T Kwiecinska
G M Connogly
E Stephen
D Slavin
(Appointed 29 October 20231
(Appointed 29 October 20231
(Appointed 29 October 20231
(Appointed 17 June 2024
Charlty numbor
1157563
Company nUM￿r
07368258
Rgglstered offlce
The Boathouse
Spring Hill
Clapton
London
UK
E5 9BL
Independont examlngr
Thomas Qulnn
Th8 Slalion House
15 Sialion Road
Sl Ives
Cambrfdgeshire
PE27 58H

LEA ROWING CLUB LIMITED
CONTENTS
Page
Trustees, report
ststemtsnt of tnjslees, responsibilities
Independent examin8rf3 rèport
Stslemonl of flnancial actlvllles
Balance sh88t
Not88 to the flnanclal statom8nts
10-19

LEA ROWING CLUB LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE 15 h10NTHS ENDED 30 SEPTEMBER 2023
The Irusl&es present Ihelr report and financial ststemerrts for the 15 months ende(J 30 September 2Q123.
The financlal stslements have been prepared in accord8nce with the accounting policies set out in note 1 to the
financial s181emenls and comply with th8 Charity's governing document, the Companies Act 2006 and
'Accounling 8nd Reporting by Charities.. Statemenl of Recommended Praclu applicable to charities preparing
their accounts in accordance wllh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
{FRS 1021 leffecdv8 1 January 2019}"
ObJectlv•s and actlvStles
Thg purpos88 Qf Ihe charlty are..
{11 The promotion of community participal￿n In healthy recreation in p8rticu18r by the provision of facilities for
rowlng, sculllng and other sports I'facililles" means land, buildlngs, equlpmenl and organising sportlng actlvlllesl..
121 Providing and assisting In providing tscilities for sport, recreallon or other 18isure limg occupation of such
pèr80ns who have need for facllllies by reason of thelr youth, age, Inflrmlty or disabl8m8nl, povgrty or soclal
and economi¢ circ￿M$￿n¢es or for Ihg public al large in the intgresls of social welfare and wrth the object of
Improvlng th6Sr wndillons of Ibfe.
Publlc Bonaflt Stgtsmonl
Th8 Iru8188s hav8 pald due regard to guldance 188ued by th8 Charfty Commlssion In d8cldlng wh8t actfvitles th8
charty should undertake.
Th8 ohBrity is an amateur rowirKJ dub, which provides equipmenl, coaching and facilities to ena￿8 members of
th8 Ioc81 cK)mmunily to p8rtlclp8te in th8 Sport of rowing in their spare Ilme. As well as training locally, the tharitrf5
members compete nallon8lly and intemationally in rowing competition8.
Achi•vom•nt$ and pgrformanc•
Thi3 past 2022-23 season was the first full year out of covid restrictions. and the first time we've really been able
to lake a slep forwards since th8 pandemic. Numbers are booming in all parts of Ihg Club. Wg pul a lol ol focus
on "c*ne dub" ethos. More Socials, more busy night8 in the bar. more opportunities to bring the many parts of our
ommunity together In one placg. It's working - the boathouse is buzzing wllh a￿l¥llY 811 day. all week. Our
reGreo1ional sectlon Is particularfy healthy. wilh numb8r5 nearfy douE4e that of three years ago. A growing
contingent is showing inleresl in compgtitivg rowing, and the club i¥ now a m8mber ol the Thames Valley Explo
League. a circuit of fvn, not-loo-serious events in stable boats. We ran our very own roc event, dubbod "Lga
Mans" lo great success - and I hopè il will continue.
We'vg also pushed fowards on lh8 raong circull. I'm most proud that we w6r8 the only club al this year's HRR to
quallfy crews for dub men, club women, lunlor men and Junior woman's evènts. On8 of thos8 was the L&a's first
ever women's eight, which w88 pr&qualffied for the Wargrave Cup.
A particular shout-out is due to Evelyn Pak￿￿, a Laa junior who won GB'S ffir81 ever Inlemalionèl beèch sprlnts
gdd medal 81 the European Champlon8hlps in September- congralulatlons lo her and coach Yowande Adesldal
Coaching is a￿layS a challenge In such a larye. volunleer-led organisalion, and we've been working haré lo
expand our already-fantastic team. You'll have seen that we are adverNslng for new coachlng blood, wlth an eye
on improving our pprformance across the bo8rd - expect more focus on this over the corning year. Fundraising
has been a fnassive focus thls year. our Friends of thé L88 alumni Initiative. launthwj in 2020. has already
man8ged to fund sevef81 small boats and sgts of oars.
We've run several very suwssful experience days for corporate dients. Our Leam to Row programme
continues to generate significant income. And we ran a very successful crowdfundin9 Campaign which means
that, for the first timg in about a decade, we'Tg aboul to buy ￿¥0 brand-new first eighls for the club, with more
boats to follow. We continue lo create new opportunities for our locd diverse community lo try our sport. Our I
Belong project g￿S from strength to strength with ils .1 Arn A Rowert exhibition shortly to Pop-up al the River
and Rowing Museum in Henley. We have developed partnerships and received grant funding from organisations
including Youth Experlence In Sport. Thames Water. Hackney and Wallham Forest Councils, Love Rowing, the
Canal & River Trust, Ihe Hacknèy Mvjrant Project, Had(ney Chinese and the Black Swimming Asswation.

LEA ROWING CLUB LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
A recent highlight Was the sv¢cessful pllol of indoor and on-waler rowing with a group of d68f and deafblind
n)wers from 8cross East London, which will continue into 2024. Thi8 all culminated in our surprise win of British
Rowing's Club of the Year award. The standout reason hbghllghted by the Sudges was our on90ing commilmenl to
priorilise indusion and broadening access to Towing, alongslde perfomiance rowing at tha highest lèvel.
Ther8 are not many clubs out Ihere successfully quali￿.ng for Henley regatta in both junior and 86nior das8es,
whlle also running le8m to row class8s, schools progr8mmes, recr&ationg1 sections, 8nd so Dn - 8nd we're being
noticed. We had mcenrfy had a comment on soc181 media frorn an outside observ9r that has Stuck with rne.. 'The
Lea exemplifles that inclusion is not just being 8ccepling- Ixjt also welcoming, encoL¢raginG and seeking out new
rowers from communities who do not acc8ss our - or 8om8ts.mes any - sport.. Or pul anolh8r way.. with a bit of
creative Ihinking. there are no such things as barrier8. I'm firmly convlnced that the future ol our dub rg1ie8 on
thi5 philosophy. Lon9 may it continue.
Flnanclal revlow
11 is thè policy of the chority that unrestricted funds which have not been de3ignatad for a Specific use should be
maintained 81 8 level equiv818nl lo beLween thre8 and six month's expenditu￿. The trusl88s ￿nsider that
reserves al thls level will ensure that, in the event of a signiflcanl drop in funding, they ￿11 b8 able to continue the
charity's current 8clSvllies while considgration ig given to Ways In which addillonal fund8 may be raisgd. Thls levfrl
of r&sarves has been maintained throughout the 15 month8.
The Irusle6s has assessed the major risks to whieh the charity is exposed, and are salisffied Ihot $y81ams are in
plac8 lo miligala èxposure to the major risks.

LEA ROWING CLUB LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Slruclure. governan￿ and management
Lea Rowlng Club Llmlled Is a company Ilrnlt8d by guaTar)tee gov8rn8d by ils Articlas of Association dated 16
March 2014 as 8mended on 5 Jun8 2014, 23 Octob8r 2015. 4 November 2017 and 5 Septembef 2019. It is
registered as a charity with the Charity8s Commission in England and Wales (No.. 11575631. Anyon8 may become
a m8mber of the Gharity, e8ch ot whom undertakes to conln'bule £10 to Ihe ass6ts of the company in the event of
it belng wound up.
Governlng l>ody
The m8mbors of tho Board, who afè Ihe charity trustees and Company dlrectofs, arg th8 charity's princlpal
deci5ion-making body. The Board exercises all powers of the cgmpany, 8x¢xpt 8$ rastrict8d by Spe(aal
Resolulion of Ihg members or the Artid88. In particular, Ihg Board cannot borrow mor9 than £IO,(XIO in totsl
wlthoul prior apwoval of a r8solulion agrged by Ihe members in a general rneeling.
Most Board mgmbgrs are elecl&d by ihe ch8rity'8 members al the Annual Ggnorol M88lln9 IAGMI. The
President, who Is also th8 chalr of the Board. setve8 a three-ye8r term and 1$ nomlnal8d $018ly by tha Board.
Their appolnlment musl be agreed by a knlhirds majority at the AGM. Alongside this, thore org six named
Board posrtlons - Sacretary, Flnanc8 Dlrector, Captaln. Faclllll&8 Dbreclor, Junlor Rowlng C￿OrdIna10r, H6alth
and Safaty c(￿ordInat0r- and one additional dirèctor who Ére 818cl8d at 8ach AGM. Any member aged over 16
who has held memb8rshlp for 12 month8 conllnuously may be nomlnalad and &lecleiJ lo Ih&s6 Board posillons.
The immedlat8 previous Captairb and Presldanl are also ellgible lo be dect8d lo continu8 on the Board by the
AGM.
In addltlon to the elected dlrectors, the Board may 8nnually c￿0P1 Iwo further pers¢)ns lo loln the Board.
BDard members ay? limitèd lo a maximum tsf nine CDnsecutNe years on the Board. except for the Prasidenl
where this limit is 12 consecutlvg years, and the Captain where tho limit is three consecutive years.
Board members are not remuneralgd for their positions.
Other structur88 and rolo8
Thè Board is supported In ils work by 8 range ol voluntary rol88 within the charity. Principal amongst these are
th9 Men's and WDmgn's Vic&Captains. who are elected by the AGM. Other rc4es, such 88 CX)8ching po8illons.
are appointed by the Board or on Ihèlr delegated authority. e.g., by the C8p18in.
To manage th15 structure, the Board have adopted a Ggvgmance Manual to prescribe a fromgwork of principles
and rul88 for the oporalion of lh8 ch8rity In further dglail.
M6mbers are organ1s￿ for the purp0888 of tralnlng and coachlng Into varfous rowlng squads, whlch dlffer 0.9. by
training intsnsily, r8quired lime commllmenl and level of techni￿1 abillty. In partlcular, adults and children train in
diffBrènl squads and with differ8nl coaches.
The Board is èntitled lo delegate ils wwers to commlttèès. At the present Ilme, thè Board h8ve e8t8tAlsh8d
formal committees. The Rowing Commrtt88 is dologated authority to n)anage all day-to-day matters relating lo
the organL8allon of rowng at the charlty, such as settlng goals and obj8CtiV8s for the rowlng squad8. It Is chalrad
by the Captaln and allended by the Men's and Women's Vice-captains and other voluntary roles.
The Facilities Committee is dglegotgd authority to m8n8ge all d8y-IL>d8y matters relating to the charity's
facilities, such 8s the maintenance of its buildings.11 is chaired by the Faalilies Director.

LEA ROWING CLUB LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Rel8tgd partl•s
In February 2020 the tharity IncorpoTaled a whollwwned subsidiary trading company, Lea Evonts Limited
(company numbeT 124439661. 10 sUPPOrt funding raising arising from its facillts'es. The directors of Lea Events
Llmlted ar8 8ppoint8d by the Board of the charity.
The Iruslees, wfro are also the dlrectors for the purposa of utrmpaTry law, and who serMI durtng Ihe 15 months
and up lo the date ol signature of the financial statements wgro..
{Resigned 29 October 20231
C Barry
S Clurk
M Cushway
DRNEIIIS
A Jucker
M Pooley
D J Porter
F Shearer
Mr D M8cDonald
T Kwiecinska
G M Connegly
E Siephen
D Slavin
(Resigned 29 October 2023)
{R8slgn8d 16 Octobèr 2022)
{Resigned 28 September 20231
(Appolnled 29 October 20231
(Appointed 29 October 2023}
(Appointed 29 October 2023)
(Appolnled 17 June 20241
None ol tha tfuslees have gny beneficigl intgrosl in th9 company. Al ol the trustees arg mèmbers of Ihg company
and guaranlg9 to contrtbulé £10 in the event of a ￿ndIng up.
Thè Iruslees, report was approved by the Board of Tru$lee8.
D J Porter
President

LEA ROWING CLUB LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Tha trustees, who ar6 also the directors of Le8 Rowing Club Limltsd for the purpose of company law, are
respon8iNe for prepanng tho TrLJslees' Report and the financial statements in accordance with applicaNe law and
Unlled Kingdom Accounting Standards {Unlled Kingdom Generally Accepted kcounling practi￿).
Company Law r6quSres the trusle8S to pr8par8 fin8nci81 statements for each financial year whlch gfve a true and foir
view of the state of affairs of the charity and of the in¢oming resources 8nd application of resour¢ès, induding the
Income 8nd expendrture, of the charlIa￿e company for th8t 15 months.
In prep8rlng these financlal stal8ments. tha trusl•ès ar8 raquirad to..
6018ct sulta￿£ accountlng policl8s and then apply them con8lsl8ndy'.
- observe tha m6t*)cKls and prlnclpl88 In the Charlll88 SORP;
make ludgamanls 8nd eslimotes Ihal arg roasonab￿ antl prudgrbt.. and
prepar8 th& fln8ncial 8tstsm8nl8 on the golng concem b8818 unless It18 Inapproprlala to prasume that the charlty
wlll continue in operation.
The Iruslees are responslblè for keeping BA8qualg accounfjng re￿r￿S that disclose ￿th reasonabl6 accuracy al
any lime the financial posib'on of the ch8rity 8nd enable them to ensure that the financial statements comply wlth the
CDmpanl8s Act 2006. They are also responsible for safeguarding the assets of th¢ Gharity and hence for taking
reasonable steps for the Prevention and detection of fraud and oth8r irregulariknes.

LEA ROWING CLUB LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LEA ROWING CLUB LIMITED
I report lo the trustees on my examination of the financial statements of Lea Rowing Club Litmited {the charity) for
the 15 months ended 30 September 2023.
Rg$pon#iblliti88 and ba81¥ of report
As Ihts trustees of the charity land also ils directors for lh8 purposes of comp8ny lawl you arè responsible for the
preparatlon of th& financS8l st8tèments In accordancè with th& r8quir8mènts of the Companles Act 20(￿ Ith8 2006
Actl.
Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of
the 2008 Act and ara eliglble for ind8P8ndanl gxamlnallc￿, I report in respect of my examlnatlon of the charity's
financiol statements Ca￿led out und6r se¢lion 145 of the Charities Act 2011 (the 2011 Acll. In carrying out my
xamlnallon I have followed all the apF4icable Oir8ctions given by the Charlty Comm1861on und8r sectlon 145{Sllbl
of the 2011 Act.
Ind•pond•nt oxamln•rfg ytatement
Sin¢e the charily's gross in¢om8 exceedod £250,000 your examiner must be a membgr of a body lisl8d in secllon
145 of the 2011 Act. I conflrm that l am qualllled to undertake tho 8xamlnallon bec8usa l am a membar ol ICAEW,
which is one of the Ilsted bodies.
I have completed my examination. I confirm th81 no malters have com8 lo my attentlon in connection with the
ex8mlnallon glvlng me caus8 to bell8v& that In any moterlal r8speGI'.
8ccountSng records were not kepl in respect of the charity as ￿qUired by so¢lion 386 of the 2006 Act., or
the fln8ncial slaloments do not accord wilh Ihose records., or
the financi818¢atements do not comply with tha 8ccounllng requlremanl8 of seotion 396 of the 2008 Act othgr
than Bny requirement that the accounts give a Irue and falr view whlch is not 8 matter consldered as part of #n
independent examlnation; or
the financiol slalemenls hÉve not boen prepared in accordonct with the methods and principle8 of the
Stat8m8nt of Recommended PrBcllce lor accounllng and reportlng by cl)aflfjas appllcable lo charllles
preparing thelr a¢wunls in 8ccordance with the Financial Reporting Stsndard appllcable in the UK and
RepU￿1C of Ireland IFRS 102}.
I hav8 no conc8m8 and have comè acr08s no other matter8 In connectlon thè 8xamlnatlon lo whlch atlenllon
should be drawn in this report In order to enablg a proper under818nding of the finana'al slalements to b¢ reached.
Thomas Qul
The StAtion Houso
15 Station Road
St Ives
C8mbridg8$hlr8
PE27 5BH
27 June 2024

LEA ROWING CLUB LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Unrestrictèd R¢6trfcted
fund#
funds
2023
2023
Total Unrestrlcted R95tr1cted
funds
lund8
2022
2022
Total
2023
2022
No¢e$
Income and endowm•nt* from:
Donations and legacies
Charitable acliviligs
Other Iradlng activiti88
Inveslmonts
Other income
89.776
239,532
40,130
129.￿6
239.532
25,932
177,591
87,484
76,094
59,671
41,627
67,559
177,591
87.484
76.094
59,671
99,878
63,455
99,878
63.455
Total Income
492,641
40,130
532.771
428,772
41,627
468,399
Expendlturo on.,
Charilabla acl5vlti88
460.498
26.532
487,030
400,517
49.359
449,876
Total axpendlturo
460,498
26.532
487,030
400.517
49,359
449,876
Net Income •nd movemtnt In
funds
32,143
13,598
45,741
26.255
{7,732}
18,523
Reconclllallon of funds:
Fund balances al 1 July 2022
344,029
789,591
1.133,620
317,774
797,323
1,115,097
Fund balan¢u at 30
S•pt•mber 2023
376,172
803.189 1,179,361
344.029
789,591 1,133,620
The statement of flnanc181 aGtivities indudes all galn8 and lossos recogni$¢d in the 15 months. AJI income and
expondlturg deriva from oontsnulng aclivili86.

LEA ROWING CLUB LIMITED
BALANCE SHEET (CONTINUED)
ASAT30 SEPTEMBER 2023
The members have not required the company to obtain an audit of Èts finanaal statements for the 15 months in
question in accordance with $ection 476.
These flnancial statwments have baen prepared in accordance with the provisions 8pplicabl8 lo compan1es subj8¢t
to the srnall companies regime.
The fin8nci81 statements were approved by the Trustees on ..
D J Porter
Tru8toe
Company Reglstratlon No. 07368256

LEA ROWING CLUB LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
2023
2022
FIx6d as80ts
Tangibl8 assets
Investment prop8rti8S
Investments
12
13
14
942,910
180,792
1,007,685
186,078
1,123,704
1,193.765
Curront aisots
Debtors
Cash al bank and Sn hand
15
46,126
202,434
33,565
124,284
248,560
157,849
Crndltorn: amounts falllng duo wlthln
one year
16
162,9031
87,9941
Not ¢urr8nl 888618
185,657
69,855
Totsl ••#•tB1088 currnnt Ilabllltlgs
1,309,361
1,263,620
Cr•dltors: amounts falllng du• aft•r
moro than one y•Ar
17
1130,0001
{130.000)
1,179,361
1.133,620
Incom8 fund¥
Reslricled funds
Un¢oslricl&d funds
18
803,189
376,172
789,591
344.029
1,179,361
1,133,620
The company is entillad lo tho ex8mption from the 8udil requirement contsined in 8edon 477 of th8 Companies Act
2006, for the 15 monlhg ended 30 September 2023.
The directors acknowledge their responsibnities for complying with the requirements of the Companles Act 2006
with respeGI lo accounting records and the prep8raiion of financial stalements.

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
A¢countlng pollclos
Charlty inf0m￿tion
Lea Rowlng Club Llmlted Is a privat& company limtted by guarantee Incorporated In England and Wales. The
register8d office is The Boathouse, Spring Hill, Clapton, London, E5 9BL, UK.
1.1 R•portlng perlod
The current period ef accounts is for 8 period of 15 months to dign the charitys y88r end wilh other group
8ntitias and thg rowlng cal8ndar. As a result tho comparative inforrnalion Is not gnllr8ly comparabla.
1.2 Accountlng ￿n¥•ntIOn
The financlal stalernenls hav& b88n preparad in accordance wlth th8 chartly's governing document. the
Companies A¢t 2006 8n(J "Accountrng 8nd Reporting by Charities.. Slalement of Recommonded Practice
appllcabla to charbllès pr8paring th8lr acctsunls in accordance with the Financ181 Reporting Standard
applicable in the UK and RepU￿1C of Ireland IFRS 10211offective 1 January 20191" Thg charily Is a Publi
Banefit Entity as dafined by FRS 102.
The charlty has taken advanl89e of the provisions in th& SORP for ch8rlU¢s applying FRS 102 Update Bull8lln
1 not lo prepare a Statement of Cash Flow8.
The financial statements 8r8 prepared in sl8rling, whlch is the functional currency of the eharity. Monetary
8mounls in thes8 flnancl818talem6nls are rounded lo the nearest £.
The fln8nclal stsl8mfjnts hove been PTtspared undèr th8 historical rthl convenllon, The princlpal 8¢counllng
pollcies adopted are Sel out below.
1.3 Golng ¢onc•m
Al the time of approvlng the flnanciol statgmonts. th8 trustees have a reasonable expB¢tation that the charity
has adequate resource8 to conllnug in operalional existence for the fores88ablg future. Thus Ihg Iruslee$
continue lo odopl the going concern basis of ac¢ounts'ng in Preparing tho financlBI slatemgnts.
1.4 Charltablg funds
Unresldcted funds ar8 avall8ble for us8 at the d18cr8fjon of the trust888 In furthfrranct of Ihalr oharltsble
obj8ctlves.
Restrided funds are subject lo $￿CIfIC conditions by donors or grantors as lo how they may be u$¢d. The
purFoses and uses of the restricted funds are set out in th8 notes to thè finanryal statements.
Endowm8nt funds af8 subject to specrfic CA)ndition8 by donors that the ￿pital must b8 maintsined by tho
charity.
1.5 Income
Income Is recognised when the charty is legally entstled lo il after any perfomiBnce conditions have been meL
the arnounts can be measured reliably, and il is probable that income will be received.
Cash donationg ar8 racogni88d on rec8ipI. Olhèr donatlons are recognlsed once the charity has been notifled
of the donation. unless performance condibons require defèrr81 of the amount. Income tsx rècoverable in
relallon to donations received under GiftAld or deeds of covènant Is recognlsed at the tlme of rec8lpl.
Legacios are recognised on receipt or olh6Nis¢ if the charity has been notified of 8n impending distribution.
the amount is known. and receipt is expected. If the arnount is not known, the legacy is treated as a
contingent asset.
10-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Accounllng policies
Icontlnued)
1.6 Exp8ndlture
All expenditure is recognlse(l once there is a legal or constructive obligation to th8t 8XP8nditUf8, it is prcsbable
settlement is required and the amount can be rne8sured reliably. All cosls are allocated lo the applicable
exptsndllure heading that aggregate similar costs lo that category. Where costs cannot be diredy allributed to
particular headings they have been allocated on a basis consistent wilh the use ol resources, with central staff
costs allocated on the b8sis of lime spent, 8nd depreciation charges allocated on the portion of thè assel's
use.
1.7 Tanglble flxed assotg
Tangiblg fixed assets are Inlllally measured at C08t and subsaquently measurèd al COBI or valuatlon, nel of
depr9ciakn.on and any Impalrnenl losses.
Dopreclation 18 recognlsed 30 a8 to wrlle off the ¢ost or valu8tlon of assats less their r8sidual value5 over their
Usèful livos on the following basès..
Leasehold land and building8
Plant and equipment
Flxtures and fittings
Molor vehicles
50 ye8r8 straight line
20% Straight line basis
25% r8ducirvJ balance ba818
200A straight line basis
Th8 galn or loss artslng on the dlsposal of an 8ssel18 detsmilned gs the dlff8rgnc8 b&tW88n Ihe sale proceeds
and the carrying value of thè asset, and 18 recognisèd in Ihts st818rn8nl of financS81 acllvllies.
1.9 Investm•nt property
Investment property, whlch Is PrO￿rtY held lo eam rentsls andlor for capitsl approciallon, Is Inllially
recognised al cost, which indudes the pu¥ch8S8 CO81 and any diredy attributable expendllure. Subsequenlly
it Ss m025ured at fair valuè at Ihe reporbng end date. The Surplus or defi'cit on revaluation is recognised in
profil or10sS.
1.9 Flx•d a¥$•t Invostmgnts
Fixed asset investments are Initlally measured al transaction price excluding transaction wsts. and aro
subsoqugnlly measured 81 fair valua al 88ch reporting dale. Change8 in f81f Value aro rownised in net
incomellexpendilurel for the year. Transaction costs are expensed as incurred.
A subsidl8ry is an enlily controlled by the ch8rty. Control Is the P¢)wer to govem the flnancial and oper8tSng
pdicies ol the entity so as to obtain benefits from its activitiè$.
1.10 Impalrm•nt of fix8d assets
At each reporting end dgle. the chaiity reviews the carrying amounts of its tangible assets to determine
whether Iherg 1$ any Indicatlon that those 8ssets have suffered an irnpaimienl loss. If any such indicatlon
fjxisls, the recoverable amounl ol the asset is estl'mated in order lo delemiine the extent of the Impalrment
loss lif any}.
1.11 Cash and cash •qulval•nts
Cash and ¢ash equivalents Include cash in hand. deposits held at call with banks, oth8r short-temi liquid
investmen15 with orfginal maturili9s of thra8 months or lèss, and bank overilrafts. Bank ovgrdr8fts ara shown
within borrowings in current liabilities.
11

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Accountlng pollclg8
(Continued)
1.12 Flnanclal Instrument8
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instrumenls, and Sedion 12
'other Financlal Instrum8nts Issues, of FRS 102 to all of its financlal Instruments.
Financial Inslnjments are recognised in the charitWs balance sheet when the ch8rfty becomes party lo th¢
contractual provisions of the instrument.
Financial assats and liabilities aro offset, with the net amounts prasent8d in the financial ststements. wh9n
there is alggally enforcea￿￿ right to sel off the recognisgd arnounts and there is an intenfjon to setile on a n81
basis or to realise the 8$¥et and 98tUe the liabillty simullangously.
Baslc flnan¢lal 8ssots
Basic financial 8ssels, which indude debtors and cash and bank balanc88, are initially measured 8t
transaction pric6 including transaction Costs and are subsequenly Carrièd at amortised cost uslng Ihe effoctive
Interest method unles$ the arrangement constitutes B flnancing Ir8nsaction, where the Ir8nsaction 18
measured at the presenl valuè of the future recelpls dlscounl8d al a market rale ol Inlerèsl. Flnanclal assets
dassifled 85 receivoble within one year ore not omort188d.
B•slc flnanclèl Ilablllths
B881¢ financial liabililies, induding CT&ditors and bank108n8 are inrtially rècognised at Iransaction price unl8ss
the Brrangemant conslltul88 a flnanclng transaction, wh8r8 the debt Inslrumant Is m8asur&d at the presenl
v8luo of the future payments discounted at a m8rk8t rate of Inl8r8St. Financial liabllilies classified as payable
wllhln on8 year are not 8mortls8d.
Debt Inslrumonls ar8 8ub60qu8nly carrled al amortlsad cost, uslng Ihg 8ff8ctlvg Inleresl rat8 m91hod.
Trade cr8dSlor8 ar8 obllgalion5 to pay for good5 or 89rvlce8 that have begn acqulred In Ihg ordlnary cours8 of
operations from suppliers. Amounts payable are dassified as current liabilits'es if paym8nt is due wllhin on9
year or less. If not, they are pres9nted as non-currenl liabilitie8. Tradg credi1gr8 are rocognis8d initially at
transactlon prfce and sub$equ¥n¥y measured at amort158d cost U81ng the effectlve Inlgrest molhod.
D•rgcognttlon of flnanclal Illbllltl
Financial liabllllSes are deTeGognised when the charity's contr8clual obligations expire or are discharoed or
cancelled.
1.13 Employee benefits
The cost of 8ny unused hollday entltlemènt Is recognlsed in the perK)d in whith the employee's sorvices are
received.
Termlnalion benefits are recognised immed18tely as 8n expenso ￿the￿ the charity is demonstrably commStted
lo tem)Inate the employinent ol an employee or to prowde 19rminat￿n benefits.
Critical accountlng estlmates and judg•mont8
In the appllcation of the charity's accounting policies, tho Iruslees are required lo make judgements, eslimales
and assumptions about the carrying omount of assets and liabilitie5 that are not readily opparent from other
sources. The eslimales and associated assumptions arg based on historical experience 8nd olher factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undÈrfying assumptions are rewewed on an ongoing basis. Revision8 to accounting
estimates are recognised in the period in which the ests'm8le is revised where the revision affects only th8t
period, OT in the period of the revision and fvture periods where the revision affects iK)Ih current and future
periods.
12-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FQR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Income from donatlons and legacla8
Vnrèstrlctad Rastricted
fund$
funds
2023
2023
Total Unrsstrlcted R¢strl¢tod
funds
funds
2022
2022
Total
2023
2022
Donatlons and gtRs
Grants r8coivabl
89,776
12,730
27,400
102,506
27,4UO
13,562
12.370
26,435
15,192
39,997
27,562
89,776
40,130
129,906
25,932
41.627
67,SS9
In¢om• from charltsbl• actlvltl••
Unr•¥trlctsd Unro$trlct•d
funds
fund$
2023
2022
Sal8 of goods
239,532
177,591
In¢ome from oth•r tradlng actlvltlos
Unre8trlctsd Unrostrlctsd
fund8
fvnd$
2023
2022
Trading activity income.. oth•r
87,484
Income from Invo•tm•nts
Unr•strictod Unrostricted
funds
funds
2023
2022
Rental income
Inlprest receivable
99,223
655
76.083
11
99,878
78,094
13-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
othèr Income
Unrestrlctsd Unrostrlctad
funds
funds
2023
2022
Other Income
63,455
59,671
Charltablo actlvltl
Charltablo Charltablo
Expondilure Exp6ndSlur•
2023
2022
Stsff costs
Depr8cialion and Impalmienl
Coachlng costs
Rent and rates
90,766
79.818
46,862
14,420
19,739
20,627
55,328
34,950
7,708
13,280
9.532
83,131
84.418
19.182
7,503
7,145
23,333
51.111
21,s82
12,297
12,934
9.228
3,513
1,232
28,258
46,538
616
Insurance
Other rowing axpenditure
Boat repairs and sp8re8
Irrecover8ble VAT
Office costs and sundry
Motor gxpenses
Travd and subsistence
Customer enterlaining
Premises costs
Bar and Club expenses
Adv8rtlsing
Other charltsble 8xpgndllur8
2,375
21,014
9,285
4,908
11
3,714
2,627
439.370
414,648
Share of support costs Ilèg818nd professional costs)
47,66D
35,228
487,030
449,876
Analy$ls by fund
Uni&stricted funds
Restricted funds
460.498
26,532
400,517
49,359
487.Q30
449,878
14-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
Tru8tse$
During the year the chority mad8 the followlng transactions with trustees..
Rich8rd Ellis
£892 12Q22 £1221 of rjub expenses were re1mbUrs￿ to Richard Ellls durlng the y&8r and r8mun8ratlon of
£6.25512022 £nil) was recelvèd durlng th8 year.
None of this remuneration and expensas were received in relalh)n to the role as Twste8.
Mark Cushway
£97212022 £74} of club expense8 werg roimburs9d lo Mark Cu8hway during the year.
Non6 of this remuneration and gxpgnsg$ were receivad in ralal￿n lo the role as Truste8.
Dave Porter
£5,060 {2022 £9451 of dub 8Kpens8s weie reimbursed to Dave Porter durfng the year and romuneration of
£3,$1012022 £nil) w8s received during the year.
None of this r8muner8tlon and expenses were recelved In relation to the role as Tru$lo8.
Fred Shearer
£3912022 £nll) of dub èxwns88 were r&imbursed to Dav& Porter during the year.
None of Ihls rèmuneratlon 8nd expenses were re￿1Ve￿ in re181ion lo thg Tole as Trusleg.
cha￿eS B8ry
£1312022 £nill of dub expgnses were reimbursed lo Dave Porter during the year.
Nong of this romuneratlon and expen888 were receSved In relation lo the rolg a8 Tru818e.
l other Truste88 have recefved rernuneralion or rgimbursemont of expenses durfng thg ygar.
No trusl88s hav8 r8cèlv8d any other benefits from the ch8rfty durfng the year.
10 Employ￿6
Th8 8V8r8go monthly number of èmF4oyeas durfng the 15 month8 was..
2023
Numb•r
2022
NuM￿r
Em￿0ye&S
15
16
Employmgnt Costs
2023
2022
Wages and salaries
90,766
83,131
There were no employees whose annual remunèration w88 MO￿ than £60.000.
R•mun•ratlon of key managomgnt personn•l
The remuneration of key management personnel w88 as fdlows..
15-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
11 Taxatlon
The Gharily is exernpl from 18xalion on its activities bec8use all ils income is applied for charitable purposes.
12 Tanglblo flxed 488tts
L￿s￿hOld
l•nd and
Plant and Flxtllfvs and
•oulpment
flttln
Motor
vehicl••
Total
Cost
At 1 July 2022
Additions
Dlsposals
1.015,208
620,349
14,390
14,6331
47,18e
23.368 1,706,111
14.390
14,6331
At 30 September 2023
1,015,208
630,106
47,186
23,368 1,715.868
DopreGlatlon and Impalrnwnt
At 1 July 2022
Dep￿ClOtiOn charged in the 15 months
120,849
25,408
515,625
46,436
38,584
2,688
23,3e8
698,426
74,532
AI 30 September 2023
146,257
562.L%1
41,272
23,368
772,958
Carrylng amount
At 30 September 2023
8e8,951
68,045
5.914
942,910
AI 30 Junè 2022
894.359
104,724
8,602
1,007.685
13 Invastm•nl proporty
2023
Falr vglue
Al 1 July 2022
D8prèciation
194,536
113,7441
AI 30 September 2023
180,792
On transilion to FRS 102 the market V8lue has been shown as deemed cost. The valuation al the end of the
period is not considered to bg maleridly differenL
Thgre has be6n no valu8tion of investment propety by an indepgndenl valu9r.
16-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
14 Flx¢d a•set Investments
Oth•r
Investment
Cost or valuation
Al 1 July 2022 & 30 September 2023
Carrying amount
AI 30 September 2023
At 30 June 2022
2023
2022
Oth6r Invoslm8nts eompllse..
Notes
Invèstments In 8ubsld18rf88
21
17-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
15 Dobtors
2023
2022
Amounts falllng due wlthln one year:
Tr&de d8blors
AmDunls owed by 88s0clate undertaklngs
Other debloTS
Pr8paym8nts and accnjed income
4.737
32,675
290
8,424
8,351
221
24,993
46.126
33,565
16 Crodltors: amounts falllng du• wlthln on• y•ar
2023
2022
Other tsxatlon and SQGial securfty
Trade credltors
Amounts owed to as80alate undertakings
Other credltors
Accruals and defeffed Sncome
3.276
15,779
4,626
10,816
20,021
6,110
46,421
2,486
41,362
62,903
87,994
17 Credltorj., amount• lalllng due after moro than one y•ar
2023
2022
Bonds
130,000
130,000
18 R98trlcted fund*
The restricted funds of the charity comprise the iJnexpend8d balances of donations and grants held on trust
subject to spacifie condltions by donor9 as to how th8y may be us8d.
At l July 2022
Incomlng R￿ourceS
At30
resourcos
expended Sèptember
2023
789,591
40.130
126,532}
803,189
Provlouy yèar:
At 1 July 2021
Incoming
resourG•s
Rèsources
expended
At 30 Juno
2022
797,323
41,627
149,359}
789,591
18-

LEA ROWING CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE 15 MONTHS ENDED 30 SEPTEMBER 2023
19 UnraStrIct￿ funds
The unreslricled funds of the charity cornprise Ihe unexpended balances of donations 8nd grBnts whlch are
not subject lo specific conditions by donors and grantors as to how they may be used. These indude
designated ftjnds which have been sat aside out of unrestricted funds by the trustee8 for spwfic pury¥)ses.
Incomlng Resourcts
At30
re8ourc••
expondod September
2023
At l July 2022
Gener81 fund8
344,029
492.641
(460.4981
376,172
Prnvlous y•ar:
At 1 July 2021
Incomlng
re8our¢e8
Ro8ourct$
•xp•nd•d
At 30 Juno
2022
Gen8r8J funds
317,774
426.772
1400,517}
344,029
20 R•l*tod party tran•a¢tlons
Thero were no disclosable related parly Iransgctions during Ihg 15 monlh812022- none).
21 Sub51dSarl••
These finoneial statem9nts ar8 separate charty fingndal ststsmgnts for Le8 Rowlng Club Limited.
Detsil$ of the charills subsidiar￿8 8130 S8Ptèmb8r 2023 are os follows-
Name ol und•rtaklng
R•g18t•r•d
offlco
Natur• of I￿*1n••I
la#s of
8har•g h•ld
% H•ld
Dlr•et Indlr•ct
Le8 Rowing Club
Construction Llmlled
Laa Evanls Umllad
UK
Domant
Ordlnary
100.00
UK
Publlc House and Bar
Ordlngry
100.00
19-