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2021-08-31-accounts

Page
Trustees'
report		 1-5
Independent
examiners'		 report
Statement
offinancial		 activities
Balance sheet
Notes to the financial statements 9-17

Unrestricted Designated Total Total
funds funds 2021 2020
Notes
Income from:
Donations and grants 47,060 47,060 35,769
Charitable activities 85,024 85,024 99,031
Other trading
income		 6,974 6,974 18,430
Investment income 26 26 41
139,084 139,084 153,271
Expenditure
on:
Charitable activities 88,973 59,067 148,040 162,522
88,973 59,067 148,040 162,522
Net incomelexpenditure before transfers 50,111 ( 59,067 ) ( 8,956 ) ( 9,251 )
Transfers 14 ( 20,000 ) 20,000
Net movement
in funds		 30,111 ( 39,067 ) ( 8,956 ) ( 9,251 )
Reconciliation
offunds
Total funds brought forward 67,735 989,445 1,057,180 1,066,431
Total funds carried forward 97,846 950,378 1,048,224 1,057,180

202'} 2020
Notes
Flied assets
Tepg~hte assets 1.055,356 1,093,968
Investrnerits 1f}r} 100
},Pi5 456 1,094,068
Current assets
Debtors i6.272 24.593
Stm:k 729
Cash at bank and in hand 113,4'l4
130,415
Liabilities
Creditors'
am wints feAmr}		 r}ue
within one year
Net current assets 61,550
Total assets less current ltabtlltles 1.161,703 1,155,6"l8
Croditors: fat}!Agduo Qiftior
more than one year f 1',3,441 ) ( 98,438 )
Total net assets 1.057,180
Funds
Unrestncted
furid		 14 9?,846 67?35
Deegnated
fund		 14 950,378 989,445
1,05?,}HO
The finaniciat
statements		 were approved by the trtistees on,~~, (~r .J~
,
-.~~...,. . .		 2021 and signed on tt}eir
ber}at'. by.

Land and buildings exc.steps 2%
straight		 line
Steps 5% straight line
Boats 10%straight line
Plant and machinery 10%straight line
Motor vehicles 25% straight line
Gym equipment 20% straight line

2.Prior ye ar Statement ofFina ncial Activities
Unrestricted Designated Total Total
funds funds 2020 2019
as restated
Notes f
Income from:
Donations 35,769 35,769 57,679
Charitable activities 99,031 99,031 89,624
Other trading
income		 18,430 18,430 4,062
Investment income 41 41 238
153,271 153,271 151,603
Expenditure
on:
Charitable activities 100,441 62,081 162,522 175,804
100,441 62,081 162,522 175,804
Net income/expenditure before transfers 52,829 ( 62,081 ) ( 9,251 ) ( 24,201 )
Transfers 14 ( 1,051,526 ) 1,051,526
Net movement
in funds		 ( 998,696 ) 989,445 ( 9,251 ) ( 24,201 )
Reconciliation
offunds
Total funds brought forward 1,066,431 1,066,431 1,090,631
Total funds carried forward 67,735 989,445 1,057,180 1,066,430

2021 2020
f f
Donations 7,980 10,769
Grants
Government grants 39,080 25,000
47,060 35,769
Income from charitable activities
2021 2020
f f
Membership subscriptions 60,329 61,239
Rack and equipment hire 8,682 10,099
Coaching 3,750
Learn to row 6,540 2,160
Regatta income 4,539 23,779
Other income 1,184 1,754
85,024 99,031

2021 2020
f f
Fundraising 430 11,881
Premises 8 Kitchen Income 1,720 1,725
Other income 4,824 4,824
6,974 18,430
Expenditur e on charitable activities
Direct Support Total Total
costs costs 2021 2020
f f f f
Charitable activities 146,021 2,019 148,040 175,804

6. Support costs
2021 2020
Governance
costs
- Independent
examiners fee		 2,019 1,740
2,019 1,740
7. Net movement
for		 the year
This is stated after charging:
2021 2020
F
Depreciation 59,067 62,081
Independent
examiners fee		 2,019 1,740
8. Analysis ofstaff costs and trustee remuneration and expenses
Staff costs were as follows:
2021 2020
Wages and salaries 24,060 25,185
The average
monthly		 number ofemployees during the year was:
2021 2020
Number Number
Charitable
activities

Freehold Boats &
Property Equipment Total
'E
Cost
At 1 September 2020 1,049,037 355,477 1,404,514
Additions 24,303 24,303
Disposals ( 3,848 ) ( 3,848)
At 31 August 2021 1,049,037 375,932 1,424,969
Depreciation
At 1 September 2020 104,629 205,917 310,546
Charge for the year 20,981 38,086 59,067
At 31 August 2021 125,610 244,003 369,613
Net Book Value
At 31 August 2021 923,427 131,929 1,055,356
At 31 August 2020 944,408 149,560 1,093,968
10. Investments
2021 2020
Shares
in subsidiary		 100 100
11. Debtors
2021 2020
F
Trade debtors 1,037 5
Prepayments and accrued income 1,571 5,242
Amounts
due		 from subsidiary undertaking 12,160 19,272
Other debtors 1,504 74
16,272 24,593

Creditors: amounts
 due within one year
2021 2020
Trade creditors 7,882 12,340
Taxation and social security costs 419 124
Accruals and deferred income 4,835 2,946
Other loan 5,541 6,085
Other creditors 5,529 5,572
24,206 27,067

Creditors: amounts
due more than one year
2021 2020
Bank Loan 50,000
Other loan 63,441 98,438
Analysis ofother loans
Due within one year 5,541 6,085
Due more than one year 113,441 98,438
118,982 104,523

Year ended 31Au ust 2021 At 1 At 31
September August
2020 Income Expenditure Transfers 2021
E
Unrestricted funds
General fund 67,735 139,084 (88,973 ) (20,000 ) 97,846
Designated funds
Capital fund 989,445 ( 59,067 ) - 930,378
Boat Fund 20,000 20,000
1,057,180 139,084 ( 148,040 ) 1,048,224

Year ended 31Au ust 2020 At 1 At 31
September August
2019 Income Expenditure Transfers 2020
Unrestricted funds
General fund 1,066,430 153,271 ( 100,441 )( 1,051,526 ) 67,735
Designated funds
Capital fund ( 62,081 ) 1,051,526 989,445
1,066,430 153,271 ( 162,522 ) - 1,057,180

Year ended 31Au ust 2021 Unrestricted Designated Total
Funds Funds Funds
f f
Fixed assets 1,055,356 1,055,356
Investments 100 100
Current assets 116,411 14,004 130,415
Creditors: amounts due within one year (18,665 ) (5,541 ) (24,206 )
Creditors: amounts due more than one year ( 113,441 ) (113,441 )
97,846 950,378 1,048,224
Year ended 31Au ust 2020 Unrestricted Designated Total
Fundsf Funds
f		 Funds
f
Fixed assets 1,093,968 1,093,968
Investments 100 100
Current assets 88,618 88,618
Creditors: amounts due within one year (20,982 ) (6,085 ) (27,067 )
Creditors: amounts due more than one year ( 98,438 ) ( 98,438 )
67,735 989,445 1,057,180