## |Contents|||| |---|---|---|---| |Reference|and Administrative
Details ofthe Charity, its Trustees and Advisers||| |Chairman's|Statement||4-8| |Trustees'|Report||9-13| |Independent
Examiners
Report to the trustees of Fulham||Reach Boat Club|14-15| |Statement|of Financial Activities||16-18| |Statement|ofCash Flows||19| |Notes to the Financial Statements|||20-37| ## |Trustees|||||David FitzHerbert
(Chairman)|David FitzHerbert
(Chairman)|||| |---|---|---|---|---|---|---|---|---|---| ||||||Mark Elgar||||| ||||||Dame Laura Elizabeth|Lee|||| ||||||James Barlow||||| ||||||Rachael Henshilwood||||| ||||||Charles
Pretzlik||||| ||||||Michelle Jayne Dite|(appointed||1November|2021)| ||||||Dame Sally Coates|(appointed||14 March 2022)|| |Company|registered|||number|08900584||||| |Charity registered|||number||1161813||||| |Registered oNce|||||Fulham
Reach Boat Club||||| ||||||Unit A||||| ||||||Distillery Wharf||||| ||||||Chancellors
Road||||| ||||||London||||| ||||||W6 9GX||||| |Company|secretary||||Justyna
Nascimento||||| ||||||Contact details:||||| ||||||info
fulhamreachboatclub.||com||| ||||||02033567130||||| |Website address|||||www. fulhamreachboatclub.||com||| |Independent||examiner|||Michaelides
Warner||||| ||||||Accounts and Business Advisors||||| ||||||102 Fulham
Palace Road||||| ||||||Hammersmith||||| ||||||London||||| ||||||W6 9PL||||| |Banker|||||Barclays Bank PLC||||| ||||||Wandsworth
2||||| ||||||Leicestershire||||| ||||||LE87 2BB||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Notes|Restricted|Unrestricted|31.08.2022|31.08.2021| |---|---|---|---|---|---| |||f|f|TOTAL
f|TOTAL
f| |Income From:|||||| |Donations
and Legacies||75,000|268,954|343p954|310,027| |Charitable
Activities
Other Trading Activities
Investments
Other
S106Funding|4,1
4.2
4.3||422,631
19p630
6
7,274|422,631
19,630
6
7,274|344,707
21,802
2
119,677
1,293,000| |Total Income||75,000|718,495|793p495|2,089,215| |Raising Funds
Charitable
Activities||75,000|17,920
761,307|17,920
836,307|13,138
724,561| |Total Expenditure||75,000|779,228|854,227|737,699| |Net Movement
in funds|||(60,733)|(60,733)|1,351,516| |Reconciliation
offunds:|||||| |TOTAL FUNDS, Brought forward
Net Movement
in funds|14|1p293p000|619p680
(60,733)|1,912,680
(60,733)|561,164
1,351,516| |TOTAL FUNDS, Carried forward|14|1,293,000|558,947|1,851,947|1,912,680| ## ## ## |STATEMENT OF CASH FLOWS||||| |---|---|---|---|---| ||||2022|2021| |||Notes||| |Cash flows from operating
activities||||| |Net cash provided
by operating
activities||17|(24,813)|1,384,056| |Cash flows from investing
activities||||| |Dividends,
interests,
and rents from investments||||| |Proceeds from the sale oftangible
fixed assets|||12,250|28,000| |Purchase oftangible
fixed assets|||(55,674)|(11,520)| |Net cash generated/
(used in) by investing|activities||(43,418)|16,482| |Change in cash and cash equivalents
in the|year||(68p231)|1,400,538| |Cash and cash equivalents
at the beginning|ofthe year||1,842,634|442,096| |Cash and cash equivalents
at the end of the year||18|1,774,402|1,842,634| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |||||||funds|funds|funds|funds| |||||||2022|2022|2022|2021| |EBM|||||||30,000|30,000|15,000| |Armitage|Charitable||Foundation||||15,000|15,000|| |James Astor Charitable||||Trust|||10,000|10,000|| |Jasmine|Calvert-Ansari||||||24,000|24,000|| |John Lyons Charity|||||||35,000|35,000|| |John McAvoy Foundation|||||||25,000|25,000|| |LBHF|||||||||41,428| |National|Lottery Community||||Fund|75,000||75,000|170,000| |Other|||||||74,494|74,494|73,599| |Boats not Bars|||||||10,460|10p460|| |Peter Harrison||Foundation|||||25F000|25,000|| |Sear|||||||10,000|10,000|10,000| |Witheren|Trust|- Donations|||||10,000|10,000|| |Total||||||75,000|268,954|343p954|310,027| ## |4.1|Income|from Charitable|from Charitable|Activities|Activities||||| |---|---|---|---|---|---|---|---|---|---| |||||||Restricted|Unrestricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2022|2022|2022|2021| |||||||f|f|f|f| ||Memberships||and members'||events||178,840|178,840|156,749| ||Public tuition||||||142,871|142,871|139,073| ||School|tuition|||||97,595|97,595|47,840| ||Miscellaneous||||||3,325|3,325|1,045| ||||||||422,631|422,631|344,707| |4.2|Income from||Other Trading||Activities||||| |||||||Restricted|Unrestricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2022|2022|2022|2021| |||||||f|f|f|f| ||Sale ofasset||||||12,250|12,250|21,802| ||Coaching||||||7,380|7,380|| ||Total||||||19,630|19p630|21,802| |4.3|Other|Income|||||||| |||||||Restricted|Unrestricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2022|2022|2022|2021| |||||||f|f|f|f| ||HMRC|Furlough|||||7,274|7p274|119,677| ||Total||||||7,274|7,274|119,677| ## |5|Expenditure|||||||| |---|---|---|---|---|---|---|---|---| |||||Direct Costs|Support Costs||Total Costs|Total Costs| |||||2022||2022|2022|2021| |||||f||f|f|f| ||Raising Funds|||1,750||16,170|17,920|13,138| ||Charitable|Activities||761,304||75,003|836,307|724,561| ||Total|||763,054||91,173|854,227|737,699| ||Total Expenditure||for the year ended 2022 was f854,227|||ofwhich f779,227|was unrestricted|and f75,000| ||was restricted.|||||||| ||Analysis of Direct||costs|Restricted||Unrestricted|Total|Total| |||||funds||funds|funds|funds| |||||2022
f||2022
f|2022|2021
f| ||Staff costs|||||535,232|535,232|477,866| ||Depreciation|||||87,111|87,111|60,608| ||Regatta and rowing costs|||||44,314|44,314|21,593| ||Occupancy|expenses||||94,647|94,647|125,383| ||Website|||||1,750|1,750|1,680| ||Total|||||763,054|763,054|687,130| ## |Analysis ofSupport costs|Analysis ofSupport costs||||| |---|---|---|---|---|---| |||Restricted|Unrestricted|Total|Total| |||funds|funds|funds|funds| |||2022|2022|2022|2021| |||f|f|f|f| |Marketing|||12,026|12,026|1,284| |Accountancy|||6,217|6,217|6,990| |Professional|fees||27p920|27,920|17,769| |Communications|||15,624|15,624|11,386| |Other|||26,602|26,602|8,112| |Depreciation|||||370| |Amortisation|||2,784|2,784|4,658| |Total|||91,173|91,173|50,569| ||||Unrestricted|Total| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| |||||f| |Operating
lease rentals - Property|||51'134|39,359| |Independent|examiner's|fee|3,000|6,900| |Amortisation|||2,784|4,658| |Depreciation|||85,186|60,978| ## ## |7.|Staff Costs||||||| |---|---|---|---|---|---|---|---| |||||||Unrestricted|Total| |||||||funds|funds| |||||||2022|2021| |||||||f|f| ||Wages and|sa laries||||484,266|406,091| ||Social security costs|||||27,402|38,348| ||Employer's|Pension||||23,563|33,427| ||Total|||||535,232|477,866| ||The average|number of persons employed||by the charity during|the year|was as follows:|| |||||||2022|2021| |||||||No.|No.| ||Members ofstaff|||||28|24| ||The number|ofemployees|whose employee|benefits (excluding|employer|pension costs) exceeded|| ||f60,000was||||||| |||||||2022|2021| |||||||No.|No.| ||In the band|f60,000 - E70,000|||||| ## ## ## |10.|Intangible
assets|| |---|---|---| |||Computer| |||Software| |||f| ||Cost|| ||At 1September 2021|23,290| ||At 31August 2022|23,290| ||Amortisation|| ||At 1September 2021|20,506| ||Charge for the year|2,784| ||At 31August 2022|23,290| ||Net book Value|| ||At 31August 2022|| ||At 31August 2021|2,784| ## |11,|Tangible
Fixed assets|||||| |---|---|---|---|---|---|---| |||Long-term|Fixtures|||| |||leasehold|and|Computer|Boat|| |||property
f|Fittings
f|Equipment
f|Equipment
f|Total
f| ||Cost|||||| ||At 1September 2021|184504|22024||419,054|439,582| ||Additions|7,508||7,020|41,145|55,674| ||Disposa Is||||(34,267)|(34,267)| ||At 31August 2022|26,012|24024|7,020|425,932|460,989| ||Depreciation|||||| ||At 1September 2021|1,956|2,024||277,767|281,747| ||Charge for the year
On disposals|520||1,404|85,186
(34,267)|87,111
(34,267)| ||At 31August 2022|2,476|2,024|1,404|328,686|334,591| ||Net book Value|||||| ||At 31August 2022|23,536||5,616|97,246|126,996| ||At 31August 2021|16,548|||141,287|157,835| ## |12.|Debtors: Due within one year|Debtors: Due within one year|Debtors: Due within one year||| |---|---|---|---|---|---| |||||2022|2021| |||||f|f| ||Trade debtors|||4,984|8,899| ||P repayments|||791|1,184| |||||5,774|10,083| |13.|Creditors: Amounts||falling due within one year||| |||||2022|2021| |||||f|| ||Trade Creditors||||705| ||Other taxation|and|social security|635|8,117| ||Other Creditors|||8,381|36,451| ||Accruals|||45,612|55,383| |||||54'628|100,656| ## ## |Statement offunds||||||| |---|---|---|---|---|---|---| |||||||Balance| |||Balance at|||Transfers|at 31-Aug| |||1-Sep2021
f|Income|Expenditure
f|in/(out)
f|2022
f| |Unrestricted
funds||||||| |Designated
funds||||||| |Asset replacement||302,253|||(41,145)|261,108| |Operating
Costs||200,000||||200,000| |||502,253|||(41p145)|461,108| |General funds||117,427|718,495|(779,228)|41,145|97,840| |Tota I Unrestricted|funds|619,680|718,495|(779,228)||558p947| |Restricted funds||||||| |Schools Rowing
Programme|||75,000|(75,000)||| |StGeorge -Section
funding|106|1,293,000||||1,293,000| |Total Restricted funds||1,293,000|75,000|(75,000)||1,293,000| |Total offunds||I
I
1912680|793,495|||| ## ## ## |15.|Analysis ofnet|Analysis ofnet|Analysis ofnet|assets between|assets between|funds||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||Current Year|||||||||||| ||||||||Restricted||Unrestricted|||Total| ||||||||Funds|||funds||funds| ||||||||2022|||2022||2022| |||||||||||f||f| ||Tangible|Fixed assets|||||||126,398|||126,398| ||Intangible||fixed|assets||||||||| ||Current assets||||||1,292,460||487,716||1,780,176|| ||Creditors||due within one||year||||(54,628)|||(54,628)| ||Total||||||1,292,460||559487||1p851p947|| ||Prior Year|||||||||||| ||||||||Restricted||Unrestricted|||Total| ||||||||Funds|||Funds||Funds| ||||||||2021|||2021||2021| |||||||||f||f||f| ||Tangible||Fixed|assets||||||157,835||157,835| ||Intangible||fixed assets|||||||2,784||2,784| ||Current|assets|||||1,293,000|||559,717||1,852,717| ||Creditors||due|within one year|||||(100,656)|||(100,656)| ||Total||||||1,293,000|||619,680||1,912,680| ||Included
within
current
f302,253) and operating||||assets
costs|are designated
cash balances for Boat replacement
off261,108
f200,000 (2021-f200,000).Refer to note 14for details ofthese||||||(2021-| ||designated
funds.|||||||||||| ## |16.|Reconciliation
ofnet||movement|movement|movement||in funds to net cash flow from||| |---|---|---|---|---|---|---|---|---|---| ||operating
activities||||||||| |||||||||2022|2021| |||||||||f|f| ||Net Income/(expenditure)||||for the||year||| ||(as per Statement of||Financial Activities)|||||(60,733)|1,351,516| ||Adjustments
for:||||||||| ||Depreciation
charges|||||||87,111|60,978| ||Amortisation
charges|||||||2p784|4,658| ||Interest Income|||||||(6)|(&)| ||Profit on sale offixed||assets|||||(12,250)|(21,802)| ||Decrease
in debtors|||||||4,309|1,006| ||Increase/(decrease)|in||creditors||||(46,028)|(12,298)| ||Net cash provided
by|||operating||activities||(24,813)|1,384,056| |17.|Analysis ofcash and||cash||equivalents||||| |||||||||2022|2021| |||||||||f|f| ||Current accounts|||||||1,389,956|1,413,777| ||Reserve account|||||||384,446|428,857| ||Total cash and cash|equivalents||||||1,774,402|1,842,634| ## ## |||2022|2021| |---|---|---|---| ||||E| |Not later|than 1year|51p132|51,136| |Later than|1year and not later||| |than 5 years||204,528|187,496| |Laterthan|5 years|2,215,720|1,619,256| |||2,471,380|1,857,888| ##