2023-08-31-accounts - Fulham Reach Boat Club

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Contents
Reference and Administrative Details ofthe Charity,	Its Trustees and Advisers
Chairman's Statement			4-9
Trustees' Report			10-14
Independent Examiners Report to the trustees of Fulham		Reach Boat Club	15-16
Statement of Financial Activities			17-19
Statement of Cash Flows			20
Notes to the Financial Statements			21-39

	Bal b/fwd		Movement		Bal c/fwd	Return	on Inv
Hoare 8CO	1 293,000	Note 14
New account
Ruffer			646,260	Note13	609,000	37 260	Note 13
CAF Fla stone			646,740	Note 18	659,285	12,545	Note17
Total		1 293000		1 293,000	1 268 285		24715

		Notes		Restricted	Unrestricted	31.08.2023	31.08.2022
				f	f	TOTAL	TOTAL
						f	f
Income From:
Donations and	Legacies		4	105,000	86,393	191,393	343,954
Charitable Activities		4.1		64,666	517,220	581,886	422,631
Other Trading Activities		4,2			2,450	2,450	19,630
Investments					12,545	12,545	6
Other		4.3					7,274
Total Income				169,666	618,608	788,274	793,495
Raising Funds			5		18,702	18,702	17,920
Charitable Activities			5	115,000	895,028	1,010,028	836,307
Total Expenditure				115,000	913,730	1p028p730	854,227
Net gains/(losses) on investments					(37,260)	(37,260)
Net Movement	in funds			54,666	(332,382)	(277,716)	(60,733)
Reconciliation	offunds:
TOTAL FUNDS,	Brought forward	14		1,293,000	558,947	1,851,947	1,912,680
Net Movement	in funds			54,666	(332,382)	(277,716)	(60,733)
TOTAL FUNDS,	Carried forward	14		1,347,666	226,565	1,574,231	1,851,947

		Notes		31.08.2023		31.08.2022
				f		f
Fixed assets
Intangible Assets		10
Tangible Assets		11		44,663		126,398
				44,663		126,398
Current assets
Debtors		12	25,733		5,774
Investments		13	609,000
Cash at Bank	and in Hand	18	955,331		1,774,402
			1,590,064		1,780,176
Creditors
Amounts falling due within one year		14	(60,495)		(54,628)
Net current	assets			1,529,568		1,725,548
Net assets				1,574,231		1,851,947
Funds ofthe	charity
Restricted funds		15		1,347p666		1,293,000
Unrestricted	funds	15		226,565		558,947
Total funds				1,574,231		1,851,947

STATEMENT OF CASH FLOWS
					2023	2022
				Notes
Cash flows from operating activities
Net cash provided by operating	activities			17	(178,637)	(24,813)
Cash flows from investing activities
Dividends, interests, and rents	from investments				12,545
Proceeds from the sale oftangible		fixed assets				12,250
Investments					(646,260)
Purchase oftangible fixed assets					(6,720)	(55,674)
Net cash generated/ (used in)	by	investing	activities		(640,435)	(43,418)
Change in cash and cash equivalents in the			year		(819,073)	(68,231)
Cash and cash equivalents at	the	beginning	ofthe year		1,774,402	1,842,634
Cash and cash equivalents at	the	end ofthe year		18	955,331	1,774,402

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
EBM					30,000	30,000	30,000
Armitage	Charitable Foundation			15,000		15,000	15,000
James Astor Charitable		Trust					10,000
Jasmine	Calvert-Ansari						24,000
John Lyons Charity				46,500		46,500	35,000
John McAvoy Foundation				25,000		25,000	25,000
National	Lottery Community		Fund	10,000		10,000	75,000
Other				8,500	36,393	44,893	74,494
Boats not Bars							10,460
Peter Harrison Foundation							25,000
Sear					10,000	10,000	10,000
Witheren	Trust - Donations				10,000	10,000	10,000
Total				105'000	86,393	191,393	343,954

4.1	Income	from	Charitable Act	ivities
					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
					f	f	f	f
	Memberships		and members'	events	64,666	209,379	274,045	178,840
	Public tuition					157,377	157,377	142,871
	School	tuition				146,105	146,105	97,595
	Miscellaneous					4,360	4,360	3,325
					64,666	517,220	581,886	422,631
4.2	Income from		Other Trading	Activities
					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
						f	f	f
	Sale ofasset							12,250
	Coaching					2,450	2,450	7,380
	Total					2,450	2,450	19,630
4.3	Other	Income
					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
					f	f	f	E
	HMRC	Furlough						7,274
	Total							7,274

		Direct Costs	Support Costs	Total Costs	Total Costs
		2023	2023	2023	2022
		f	f	f	f
Raising Funds			18,702	18,702	17,920
Charitable	Activities	928,956	81,071	1,010,028	836,307
Total		928,956	99,773	1,028p730	854,227

Analysis of Direct costs
	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	f	f	f	f
Staff costs		673,971	673,971	535,232
Depreciation		88,455	88,455	87,111
Regatta and rowing costs		67,396	67,396	44,314
Occupancy expenses		91,780	91,780	94,647
Website		7,355	7,355	1,750
Total		928,956	928,956	763,054

Analysis of Support costs	Analysis of Support costs
		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		f	f	f	f
Marketing			18,343	18'343	12,026
Accountancy			12,509	12,509	6,217
Professional	fees		16,475	16,475	27,920
Communications			15,835	15,835	15,624
Other			36,611	36,611	26,602
Depreciation
Amortisation					2,784
Total			99,773	99,773	91,173

			Unrestricted	Total
			funds	funds
			2023	2022
			f	f
Operating lease rentals		- Property	51,134	51,134
Independent	examiner's	fee	3,600	3,000
Amortisation				2,784
Depreciation			88,455	85,186

		Unrestricted	Total
		funds	funds
		2023	2022
		f	f
Wages and	salaries	546,720	444,163
Social security costs		40,532	27,402
Employer's	Pension	28,265	23,563
Other Staff	costs	58,434	40,103
Total		673,971	535,232
		2023	2022
		No.	No.
Members	ofstaff	28	28

2023	2022
No.	No.

Intangible assets
		Computer
		Software
		E
Cost
At 1September	2022	23,290
At 31August 2023		23,290
Amortlsatlon
At 1September	2022	23,290
Charge for the year
At 31August 2023		23,290
Net book Value
At 31August 2023
At 31August 2022

Tangible Fixed assets	Tangible Fixed assets
		Long-term	Fixtures
		leasehold	and	Computer	Boat
		property	Fittings	Equipment	Equipment	Total
			E		E	E
Cost
At 1September	2022	26,012	2,024	7,020	425,932	460,989
Additions					6,720	6,720
Disposais
At 31August 2023		26,012	2,024	7,020	432,652	467,709
Depreciation
At 1September	2022	2,476	2,024	1,404	328,686	334,591
Charge for the year		520		1,404	86,530	88,455
On disposals
At 31August 2023		2,996	2,024	2,808	415,217	423,046
Net book Value
At 31August 2023		23,016		4,212	17,435	44,666
At 31August 2022		23,536		5,616	97,246	126,398

12.	Debtors: Due within	Debtors: Due within	one year
				2023	2022
				f	f
	Trade debtors			13,199	4,984
	Accrued Income			12,534
	Prepayments				791
				25,733	5,774
13.	Investments			2023	2022
				f	f
	At 1September	2022
	Additions			646,260
	Revaluations			(37,260)
	At 31August 2023			609,000
14.	Creditors: Amounts		falling due within one year
				2023	2022
				f	f
	Trade Creditors
	Other taxation	and	social security	12,270	635
	Other Creditors			19,161	8,381
	Accruals			29,065	45,612
				60,495	54,628

						Balance
		Balance at			Transfers	at 31-Aug
		1-Sep 2022	Income	Expenditure	in/(out)	2023
		f		f	f
Unrestricted funds
Designated funds
Asset replacement		261,108		(6,720)	(227,822)	26,566
Operating Costs		200'000				200(000
		461,108		(6,720)	(227,822)	226,566
General funds		97,840	618,608	(944,270)	227,822
Total Unrestricted	funds	558,947	618,608	(950,990)		226,566
Restricted funds
Junior Bursary
Programme			46,166			46,166
Boats not bars			8,500			8,500
Free Watersports	week		10,000	(10,000)
Schools Rowing
Programme			105,000	(105,000)
St George - Section 106
funding		1,293,000				1,293,000
Tota I Restricted funds		1,293,000	169,666	(115,000)		1,347,666
Total offunds		1p851,947	788,274	(1,065,990)		1,574,231

						Balance
		Balance at			Transfers	at 31-Aug
		1-Sep2021	Income	Expenditure	in/(out)	2022
		f		f	f	f
Unrestricted funds
Designated funds
Asset replacement		302,253			(41,145)	261,108
Operating Costs		200,000				200,000
		502,253			(41,145)	461,108
General funds		117,427	718,495	(779,228)	41,145	97,840
Total Unrestricted	funds	619,680	718,495	(779,228)		558,947
Restricted funds
Schools Rowing
Programme			75,000	(75,000)
St George - Section	106
funding		1,293,000				1p293,000
Total Restricted funds		1,293,000	75,000	(75,000)		1,293,000
Total offunds		1,912,680	793,495	(854,228)		1I851,947

Analysis		of net assets	between
Current	Year
				Restricted	Unrestricted	Total
				Funds	funds	funds
				2023	2023	2023
				f	f	f
Tangible		Fixed assets			44,663	44,663
Intangible		fixed assets
Current	assets			1,347,666	242,398	1,590,064
Creditors		due within	one year		(60,495)	(60,495)
Total				1,347,666	226,566	1p574,231
Prior 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	559,487	1,851,947

17,	Reconciliation ofnet movement	Reconciliation ofnet movement	Reconciliation ofnet movement	in funds to net cash flow from
	operating activities
					2023	2022
					f	f
	Net Income/(expenditure)		for the year
	(as per Statement of	Financial Activities)			(277,716)	(60,733)
	Adjustments for:
	Depreciation charges				88,455	87,111
	Amortisation charges					2,784
	Interest Income				(12,545)	(6)
	Profit on sale offixed assets
	Losses on revaluation	of Investments			37,260	(12,250)
	Decrease in debtors				(19,959)	4,309
	Increase/(decrease)	in creditors			5,868	(46,028)
	Net cash provided by operating			activities	(178,637)	(24,813)
18.	Analysis of cash and	cash	equivalents
					2023	2022
					f	f
	Current account				81,718	1,389,956
	Gocard less				1,316
	Reserve account				101,097	384,446
	Short Term Deposit				771,200
	Total cash and cash equivalents				955,331	1,774,402

	2023	2022
		f
Not later than 1year	51,132	51,132
Later than 1year and not later
than 5 years	178,970	178,970
Later than 5 years	1p803,908	1,846,520
	2,034,010	2,076,622