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|---|---|---|---|
|Trustees'<br>report|||t -5|
|Independent<br>examiners'||report||
|Statement<br>of financial|activities|||
|Balance sheet||||
|Notes to the financial|statements|||





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||||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2023|2022|
|||Notes||||||
|Income from:||||||||
|Donations<br>and grants|||14,549|19,301|12,100|45,950|20,559|
|Charitable<br>activities|||137,669|||137,669|118,958|
|Other trading<br>income|||30,080|8,092||38,172|33,771|
|Investment<br>income|||239|||239|9|
|Total income|||182,537|27,393|12,100|222,030|173,297|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||175,327|26,351|4,652|206,330|201,309|
|Total expenditure|||175,327|26,351|4,652|206,330|201,309|
|Net movement<br>before transfers|||7,210|1,042|7,448|15,700|( 28,012 )|
|Transfers<br>between|funds|14|( 14,800 )|18,760|( 3,960 )|||
|Net movement<br>in funds|||( 7,590 )|19,802|3,488|15,700|( 28,012 )|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward||185,867|838,195||1,024,062|1,052,074|
|Total funds carried forward|||178,277|857,997|3,488|1,039,762|1,024,062|





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|||||2023||2022|
|---|---|---|---|---|---|---|
|||Notes||F|||
|Fixed assets|||||||
|Tangible assets||9||1,039,495||1,052,752|
|Investments||10||100||100|
|||||1,039,595||1,052,852|
|Current assets|||||||
|Debtors|||3Q,791||10,767||
|Stock|||373||441||
|Cash at bank and in hand|||83,248||97,352||
||||114,412||108,560||
|Liabilities|||||||
|Creditors: amounts|falling due||||||
|within one year|||( 35,446 )||(37,897 )||
|Net current assets||||78,966||70,663|
|Total assets less current liabilities||||1,118,561||1,123,515|
|Creditors: falling due after|||||||
|more than one year||13||( 78,799 )||( 99,453 )|
|Total net assets||||1,Q39,762||1,024,062|
|Funds|||||||
|Unrestricted<br>funds||14||178,277||185,867|
|Designated<br>funds||14||857,997||838,195|
|Restricted funds||14||3,488|||
|||||1,039,762||1,024,062|





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|Land and buildings|exc.steps|2%<br>straight|line|
|---|---|---|---|
|Steps||5%straight|line|
|Boats||10/o straight|line|
|Plant and machinery||10%straight|line|
|Motor vehicles||25%straight|line|
|Gym equipment||20%straight|line|



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|2. Prior ye|ar State|ment|of Fina|ncial Activities|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||As restated|
||||||Unrestricted|Designated|||Total|Total|
||||||funds|||funds|2022|2021|
|||||Notes|||||||
|Income from:|||||||||||
|Donations|and grants||||6,114|||14,445|20,559|47,060|
|Charitable|activities||||118,958||||118,958|85,024|
|Other trading<br>income|||||24,992|||8,779|33,771|6,974|
|Investment|income||||9||||9|26|
||||||150,073|||23,224|173,297|139,084|
|Expenditure<br>on:|||||||||||
|Charitable|activities||||96,965|||104,344|201,309|144,190|
||||||96,965|||104,344|201,309|144,190|
|Net income/expenditure|||before|transfers|53,108||( 81,120 )||( 28,012 )|( 5,106 )|
|Transfers|||||34,913||(|34,913 )|||
|Net movement<br>in funds|||||88,021|(|116,033 )||( 28,012 )|( 5,106 )|
|Reconciliation<br>offunds|||||||||||
|Total funds|brought|forward|||97,846|||954,228|1,052,074|1,057,180|
|Total funds|carried|forward|||185,867|||838,195|1,024,062|1,052,074|





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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E||
||Donations|||||||33,850|20,559|
||Grants|||||||12,100||
|||||||||45,950|20,559|
||Grants were||received from:|||||||
||Community|Foundation|||Fredrick Milburn||Award|2,400||
||Queen's<br>Platinum|||Jubilee||Award||6,660||
||Love Rowing|||||||3,000||
|||||||||12,100||
|4.|Income from||charitable|||activities||||
|||||||||2023|2022|
||||||||||F|
||Membership||subscriptions|||||68,321|67,784|
||Rack and equipment<br>hire|||||||9,894|10,488|
||Coaching|||||||6,500|6,000|
||Learn to row|||||||2,845|2,400|
||Regatta income|||||||33,943|29,865|
||Other income|||||||16,166|2,421|
|||||||||137,669|118,958|
|5.|Other trading||income|||||||
|||||||||2023|2022|
||||||||||R|
||Fundraising|||||||4,890|4,305|
||Premises<br>8 Kitchen|||Income||||8,934|12,17 I|
||Other income|||||||24,348|17,295|
|||||||||38,172|33,771|



|6.|Expenditure<br>on charitable|activities|
|---|---|---|
||Charitable<br>activities||



|Direct|Support|Total|Total|
|---|---|---|---|
|costs|costs|2023|2022|
|203,930|2,400|206,330|201,309|





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|No|tes to the financial statemen|tes to the financial statemen|ts<br>(Continued)|ts<br>(Continued)|||||
|---|---|---|---|---|---|---|---|---|
|for|the year ended 31 August||2023||||||
|6.|Support costs||||||||
||||||||2023|2022|
||Governance<br>costs||||||||
||- Independent<br>examiners||fee||||2,400|2,019|
||||||||2,400|2,019|
|7.|Net movement<br>for|the year|||||||
||This is stated after charging:||||||||
||||||||2023|2022|
|||||||||F|
||Depreciation||||||52,055|57,324|
||Independent<br>examiners fee||||||2,400|2,019|
|8.|Analysis<br>ofstaff costs and|||trustee remuneration||and expenses|||
||Staff costs were as follows:||||||||
||||||||2023|2022|
||Wages and salaries||||||30,668|51,276|
||The average<br>monthly|number||of employees|during|the year was:|||
||||||||2023|2022|
||||||||Number|Number|
||Charitable<br>activities||||||||





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|9.|Tangible fixed|Tangible fixed|assets|||||
|---|---|---|---|---|---|---|---|
||||||Freehold|Boats 8||
||||||Property|Equipment|Total|
||Cost|||||||
||At 1 September||2022||1,049,037|415,312|1,464,349|
||Additions||||2,394|36,404|38,798|
||Reclassification||||8,520|( 8,520 )||
||At 31 August|2023|||1,059,951|443,196|1,503,147|
||Depreciation|||||||
||At 1 September||2022||146,591|265,006|411,597|
||Charge for the year||||22,072|29,983|52,055|
||Disposals||||853|( 853)||
||At 31 August|2023|||169,516|294,136|463,652|
||Net Book Value|||||||
||At 31 August|2023|||890,435|149,060|1,039,495|
||At 31 August|2022|||902,446|150,306|1,052,752|
|10.|Investments|||||||
|||||||2023|2022|
|||||||R||
||Shares<br>in subsidiary|||||100|100|
|11.|Debtors|||||||
|||||||2023|2022|
||Trade debtors|||||930|3,400|
||Prepayments|and accrued income||||8,570|3,003|
||Amounts<br>due|from subsidiary||undertaking||21,291|4,364|
|||||||30,791|10,767|





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|Creditors: amounts|due within one year|||
|---|---|---|---|
|||2023|2022|
|Trade creditors||1,131|78|
|Taxation and social security costs||1,643|6,088|
|Accruals and deferred|income|6,639|10,003|
|Other loan||15,374|9,798|
|Other creditors||10,659|11,930|
|||35,446|37,897|
|Creditors: amounts|due more than one year|||
|||2023|2022|
|Bank Loan||25,000|40,000|
|Other loan||53,799|59,453|
|Analysis<br>ofother loans||||
|Due within one year||15,374|9,798|
|Due more than one year||78,799|99,453|
|||94,173|109,251|



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|Year ended|31Au ust 2023|At 1|||||At 31|
|---|---|---|---|---|---|---|---|
|||September|||||August|
|||2022|Income|Expenditure||Transfers|2023|
|Unrestricted|funds|||||||
|General fund||185,867|182,537|( 175,327|)|( 14,800 )|178,277|
|Designated|funds|||||||
|Capital fund||838,195||( 22,072|)|15,992|832,115|
|Boat Fund|||23,393|( 4,279|)|-|23,114|
|Junior Fund||||||2,768|2,768|
|Restricted funds||||||||
|Youth Rowing Project|||12,100|( 4,652|)|( 3,960 )|3,488|
|||1,024,062|222,030|( 206,330|)||1,039,762|



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|Year ended|31Au ust 2022|At 1||||At 31|
|---|---|---|---|---|---|---|
|||September||||August|
|||2021|Income|Expenditure|Transfers|2022|
|Unrestricted|funds||||||
|General<br>fund||97,846|150,073|( 96,965 )|34,913|185,867|
|Designated|funds||||||
|Capital fund||934,228||( 53,474 )|( 42,559 )|838,195|
|Boat Fund||20,000|23,224|( 50,870 )|7,646||
|||1,052,074|173,297|( 201,309 )||1,024,062|





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|Year ended 31Au|ust 2023|Unrestricted|Designated|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds|
|Fixed assets||184,266|855,229|1,039,495|
|Investments||100||100|
|Current assets||111,644|2,768|114,412|
|Creditors: amounts|due within one year|( 35,446 )||( 35,446 )|
|Creditors: amounts|due more than one year|( 78,799 )||( 78,799 )|
|||181,765|857,997|1,039,762|
|Year ended 31Au|ust 2022|Unrestricted|Designated|Total|
|||Funds|Funds|Funds|
|Fixed assets||179,644|873,108|1,052,752|
|Investments||100||100|
|Current assets||108,560||108,560|
|Creditors: amounts|due within one year|( 37,897 )||( 37,897 )|
|Creditors: amounts|due more than one year|( 99,453 )||( 99,453 )|
|||150,954|873,108|1,024„062|



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