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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|
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||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|
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|||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|
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|||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|
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|||||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|
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|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|
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|||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|
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|2023|2022|
|---|---|
|No.|No.|
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|10.|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|||
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|11.|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|
##
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|||||||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|
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|||||||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|
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|16.|Analysis||of net assets|between|funds||||
|---|---|---|---|---|---|---|---|---|
||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|
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|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|
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||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|
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