Bradford Amateur Rowing Club Charty number 1164951 A ¢ompany limf(ed by guarantee number 09662095 Annual Report and Financial Statements for the year ended 31 August 2024 oBADFoR 18 67 A.R.C. WYCAS ¢•MMVNIY¥ AEfQVWTIIIO. WEST YO*KSMI•
Bradford Amateur Rowing Club Annual Report and Financial Statements for the year ended 31 August 2024 Contents Page Trustees, report 2to4 Examiners report Statement of financial actNÉbes Balance sheet Notes to the accounts 8t0 11 Prepared by West York$hlre Community Accountancy Servlce CIO
Bradford Amateur Rowing Club Trustees. report for the y•ar endod 31 August 2024 Roference and admlnlstrative detalb of the charity. its trustws and advisor4 The trustees during the financial year and up lo and including the date the report Wds approved were.. Nam• Position Dates Carlton Smith Chair Kerth Myers appointed 3 Oct 2023, reSned 2: Treasurer Ronald Drake resKJned 1 Odober 2024 so81ary John Auslin-D8wes Terence Edwards Robert KiTh)y Anlhea Mould apinted 22 Ocl 2024 appointed 22 Oct 2024 appointed 22 Oct 2024 appointed 22 Oct 2024 Charlty numb•r Company number 1164951 Registered in England and Wales Regislered in England and Wal88 09662095 R•gl•t•r•d and prln¢lpal addr• 4 Warren Avenue Bingley Wo$1 Yorkshire BD16 3BZ Bankorn Santander Bcolle Mars5 L30 4GB Ind?p•ndont ex4mlner Simon Bostrom FCIE West York$hlr• Cornmunty Ac¢ountan¢y Sorlke CIO Stringer House 34 Lupton Slrégt Leèd$ LS10 2QW Structur•. oovèman¢• and manag•m•nt The charity is a ¢ompany limrted by guaranlee and was fom)ed on 29 Jun8 2015. It 18 9ovomed ty a memorandum and article5 of asgocth"on, amended 27 Sept 2016. The liabilty of the memberg in th8 event of the company b.ng wound up is lThrtod to a 8um not exceedin9 £10. Mèthod of r•¢rultment and appolntment of truslo08 The Irust•e$ of the charty are tho dir8Ctorn for the purposes of company W and ar• appoint8d by thè member5 at the AGM.
Bradford Amateur Rowing Club Trustees. report (continued) for the year ended 31 August 2024 Oblgctlves and activilies The charity's objects The promotion of community partrcipation rn hearthy recreation by the prowsion of facilities specrficalty for sweep oar rowng, sculling and other related sports Iyacilrties, means Lantj, buildings, equipment and txganising sporting activrtiesl,. providing and assisting in providing fa¢ilib"es for sports deseribed as above, recreation or other leisure timè occupation of such persons who havo rheed for such flIrtIeS by reason of their youlh, age, infimity or disablement. povety or social and econornic ¢IUM$tan¢es or for the publK at large in the interests of social welfare and wrth the object of improwng their CondOn$ of lrfe." and advancing the education of chiklren and Y¢ng peq>le through such means as the directors think fft in a¢eordance wrth the Charrties Act 2011. The chaiity'5 main activftles The ¢h8rity is a r¢)wing club and provides all the facilities, 1pMent. training and support services th members need to enjoy the sport of rcming. The charity mairrtaj.ns a stretch of the river Aire to ensure that remains rowable. Public benèfft Statement In setb.ng our obltIveS and planning our acttvities oui trustee5 have given semus ¢onsKJeration to the Charity Commission's general guidance on publ benefit and in particulw the piomsion of sports facilities for rowng. Achievemgnts and perfomianc Th6 club 1$ managing to attract members and retain and ith the retained loyaty of our members and hard work by the committee the club continues to thrive. This engagemenl has been successful and lead to a very good renewal of members for our year. The club has successfulty completed major wod(s on Hirst Wr lo ensure that ffsh can make their way upstream unimpeded, signifunlty contribIng to the regeneration of the river .. Flnan¢lal review Thè net èxpendrture for the year vras £67.0%, inCding net expenditure of £49.358 on unrestricted fvnds and nel expenditure of £17.698 on reslricled fttnds after transfers. Resorves policy The chartys free reserves. excluding fixed assets. at the year end were £141,857. The rowing club has existed for over 150 years. The trustees acknowknjge their duty to maintsin sufficient reserves to make it like that thèy c4n m8inlain the club for the benefft of fLrture gener*ions. The policy ol the charity is to taIn free raserve$ of approximatety hatf of the annual income of the chanty.
Bradford Amateur Rowing Club Trustoes. report (continued) for the year ended 31 August 2024 Statemont of trustees. rgsponslbllltles The trustees Ivtho are also the directors for the purposes of company knvl are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Aeeounb"ng Standards. Company law requires the Iruslees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the ineoming resources and application of resources, ineluding the income and expendrture. of the charitable company for the year. In preparing these financial statements, th8 trustees are required to.. select surtable accounting policies and apply them consistenty. obseNe the methods and principl8s in the charib.es SORP; make judgements and estimates that are reasonable and prudentr slate whether applicable UK accounting slandards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the accounts on a goin9 concem basis unless it is inappropriate to presume that the charitsble company wll conb.nue in operation. The trustees are responsible for keeping proper accounkn.ng records which disclose wth reasonable accuracy at any b'mg the financial posrtion of the charrtable company and to enable them to ensure that the financial a¢Unts comply with the Companies Act 2006. They are also resFKJnsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrtie$. This report has been prepared in accordance with the St*ement of Recommended Pracbce.. Accounb"ng and Reporbng by Chariti'es Icharihes SORP {FRS102}}, and in accordance with the special provisions of the Companies Act 2006 relating to small companies. Approved by the board of trustees on ..... (Trusteel Name..
Bradford Amateur Rowing Club Independent examinerfs report to the trustees of Bradford Amateur Rowing Club I report to the charity trustees on my examination of the accknunts of the charitable company for the yeaT ended 31 August 2024, which are set OLrt on pages 6 to 11. Rogpon*ibilitie# and basis of rnport A$ tre charity's Iruslees of the chantae cornpany land also its directors for the purposes of MpanY lawl you are responsible for the preparats)n of the accounts in accordance wth the requirements of the Companies Act 20061'lhe 2006 Act,). Having satisfied myself that the ac¢ounls of the chantable company are not required to be audited ur¢der Part 16 of the 2006 Act and are eligibte for independent examinats"on. I report in respect ot my examination of your charitys accounts as camed out under secb'on 145 ot the Charibes Act Iyhe 2011 Act'l. In carrying out my examinatson I have followed the Directions 9rven by the Charity Commission under section 145{5llbl of the 2011 Act. Ind•pend•nt examinevs statement I have completed my examination. l ¢onfiTrn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect 1 accounting records were not kept in respect of the company as rUired by seCtn 386 of the 2006 Act, or 2 the accounts do not accord wrth those records," or 3 the accounts do not comply wrth the accounb.ng requirements of section 396 of the 2006 Act other than any reqU1ment that the accounts gNe a Irue and fair vievk whh is not a matter considered as part of an independent examination., or 4 the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended Prath'ce for accounb.ng and porting by charities lapplicable to ¢harib"es preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in ojnnection &th the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name.. Simon Bostrom FCIE 2410112025 West Yorkshire Community Accountancy Ser¥ice CIO Stnnger House 34 Lupton Street Leeds LS10 2QW
Bradford Amateur Rowing Club Statement of Financial Aetlvltl•s (includlng summary inconie and •xpenditure account) for the year •nded 31 Augllst 2024 2024 2024 Unrestncted RestrKted funds funds 2024 Total funds 2023 Total funds Income from: Grants and donations Membership Fees Race entry and regattag Bank inlgresl received Propety income Other InGome Total incom8 492 34,721 7.214 1.570 8.53S 2.351 54,883 95.000 95.492 34,721 7.214 1.570 8.535 2,351 149,883 11,570 34,601 10,254 837 6.295 2,055 65,612 131 95,000 ExpndttuM on: British rowng le Boat mainlenan¢e Equipment mainl¢nance Property mainlonan¢e Heal, light and watar Council tsx anl refusa T•lophono and int•m8t Insuran¢e$ Cleaning Administration Race entries and travel Miscellaneous Weir maintenae Independent examinatitJn Depreciation Training costs Totsl •xp•ndtturn N•t Inccm• I IPendItU) Fund balances brought fonward Fund balanc•8 ¢arri•d forward 1.110 3.725 2,601 14.868 6,178 1,110 3,725 2,601 14,868 6,178 893 1,485 7,186 10,368 3,349 315 563 8.856 1,742 268 7,093 390 12.311 726 28,985 770 9.454 1,350 299 7,918 21 25,104 728 29.327 S68 104,241 149,3581 770 9,454 1,350 299 7,918 521 137.302 726 29,327 588 216,939 167,0561 112.198 112,698 117,6981 84,530 118,9181 587.597 538.239 18,198 500 605.795 538,739 624,713 605.795 141 All incoming ie8ource8 and resources 6xpended derive from continuing activits.
Bradford Amateur Rowing Club Balance sheet a5 at 31 August 2024 2024 Unrestncted Restncted 2024 2024 T¢)tal 2023 Total Flxed assets Tangible assets Total flxod assots 151 396,382 396,382 396,382 396,382 414,470 414,470 Curr•nt •880ts Debtors and prepayments Cash al bank Total current as8ot• 61 14.302 144,779 159.081 94,000 27.904 66,096 108.302 116,875 225, 177 22,519 189,403 211.922 Current liabiliti•s: amounts falllng due wfthln on• year Crgditors and accruals Total Current Ilabllltl•8 65.596 65,596 82,820 82,820 20,597 20.597 17.224 Not ¢urrent a81•ts 1 (Ilabllitl••l 141,857 500 142,357 191,325 N•t a•s•ts 538,239 500 538,739 605,795 Funds Unreslricled funds Reslricled lunds Total fund• 538.239 538.239 soo 538,739 587,S97 18.198 605,795 500 500 538.239 For th• yelr •ndlng 31 August 2024 Ihe tharttabkn rnYW •nthd w •xampkn fttyn urthr •ection 477 01 tho C4ynp•nl•i Aci 2006 r¢l8ting to 8m•l Compan¥. Tho mombers hove not wuired the eh•rtsbb cornpany to obtain In audrt of rt• 4C¢ount8 for th& r in qu•stknn in ae¢4rd4nc• with ••¢tlon 476. tru8t•é8 (who 4r• •kn tM dir•dOrn forthe purpws of comp•ny IA) Ihelr re8porrdbilttKs for complylng %th lh• Mqulr•mont• of th8 Act r•#p•ct to I¢unting records •nd th8 prep•Nkn of K¢wnt•. The 4ccount• h¢v8 k¥•p•r•d In accothnc• prV¥i9• appI•b to ¢tyxp•Thh• wJty'•¢t to th• 8m•l 4Jmpifii•i' reglme and wRh FRS 102 l•ffediv• J•nu•ry 2019). The financial statements were approved by the board of trustees on ... Signed.. (Trustee) Name..
Bradford Amateur Rowing Club Notes to the accounts for the year ended 31 August 2024 l Accounting policies Basis ot a¢eounting These accounts have been prepared under the historical cost ¢onvention wth items recognised at C051 or transaction lt unless otheThwse stated in the relevant note(81 to these accounts. The financial statements have been prepared in accortlance with the Statement of Recommended PraCts.. Accounts'ng and Reporting by ChantS preparing theii a¢counls in aGcordance wrth Ihe Financi Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 1021 {effectNe 1 January 20191 and wth the Chanties Act 2011. The charity constitutes a publK benefit entrty as defined by FRS 102. There has been no change lo the accounb.ng policies since last year. No changas have been made to the accounts for prewus yr$. Golng ¢on¢em The trustees are satisfied that there are no material urKetsinties ¥bout the charivs ability lo continue. Ineoming resour All incoming resources are inclLwJed in th8 Statement of Finala1 Activibes {SOFAI when the chanty becomes enlitied to the resources, rf it is more Ikety than not that the trustees wll receive the resourc&s and the manetary vaue can be measur&J wth Suffic reli&ilty. Grants and donatlons Grants and donations are onty in¢luded in the SOFA when the chanty has uncondrtional enlrtlemenl to the r9sources. Whère grants are related to performance and specrfic delNera)les. they are accounted for 0$ th¢ charity eams the right to consKleration by its perfom)anee. Expenditure and liabilities Expenditure is rogniSed on an &£1 lS as a lith'hty is incurred. LiabIleS are recognised where rt is more likety than not that there is a legd or conslruclNe oblyth.on commth.ng the charty to pay out the resouTces and the amount of the obligion ¢an be measured wth reasonable certainty. Taxatlon As a charty the organisation benefit5 from rates relief and is generalty exempt frcln income lax and Caprt gains tax bLrt not from VAT. Irrecoverabl8 VAT 1$ in tho ¢t of those items to 1¢h it relates. Tangible fixed ass•ts Tangible fixed assets are capitaltsed and [rluded at cost including any incthntsl expenses of acquis((ion. Grfted assets are shthvn at the value to the charty on receipt. Depreciation is provided on all tangib fLxed asset5 at rates cakulated lo wnte off the c05t on a straight line basis over thair gxpeded useful economic lives as folkn¥s'. Freehold land". nil Freehold buihJings.' over 50 year5 Boats". over 10 years Fixtures and fittings.. over 10 years Plant and rnachinery. over 4 years Fund accountlng Unrestricted funds are available for use at the dis¢retiM of the trustees in furtherance of the general Objectives of the charty. Rèstricted fund$ are subjected to restrictions on the expendriure imposed by the donor or through the t8nns of an 8ppe81. Further explanation of the nature and puw ¢ È¥h fvnd i¥ included in the note$ to thè x¢twnts.
Bradford Amateur Rowing Club Not•s to th• ae¢ounts continued for tho year ended 31 August 2024 2 Grnnts and donatlons 2024 UnrestrKted funds 224 Restrict&J fUlS 2024 Total fvnds 2023 Tot81 funds Yorkshire Water Bradford Met Borough Council Yorkshire Rowing Ctyjncil Donation from trading SLJsidiary Other donaticS 94,000 500 500 195 297 95,492 10.000 soo 195 297 492 299 1,271 11,570 95.CrfXI 3 Property Income Bradford Amateur Row7ng Club. the charrtable company reVe$ income for pr¢¥)erty costs from Bradford Arnateur Rowng Club (Trading) Limrted. The property costs are assessed at 70% (Bradfofd Amateur Rowng Clubl and 30°h {Bradford Amateur Rowing Club ITradingl Limf(edl. 4 Restricted funds BaLare bff Incoming OLrt9¢fig Transfers Balance clf Weir mnlenance fund Bradford Met Borough Council Yorkshire Rtrthng 18.198 112.198 500 500 95,000 500 500 112,698 18,198 500 Fund name Weir maintenance fund Purpose of restriction Bradford Arnateur Rowing Club (company numbèr 09662095. chaTrty number 1164951} raised money from members, external indimduals and organisations specificalty to carry out substantial repairg to the weirwhich 1$ ded lo keep the river suitable for fowng. Bradford Met Borough Council To buy hamp board insulatK)n. Yorkshire Rowing To fvnd a club member to attend WO Beach event.
Bradford Amateur Rowing Club Notes to the accounts continued for the year ended 31 August 2024 5 Tangible assets Plant and Machinery Ftxtures Boats Land and Buildings Total Cost At 1 September 2023 Addth'ons Disposals Al 31 August 2024 6,799 990 20.000 203,219 10.249 1,100 212,368 400,000 630,018 11.239 1.100 640,157 7.789 20.000 400,000 De recia At 1 September 2023 Depn reversed re. disposals Charge for year Al 31 August 2024 5,026 16,000 151,322 1880) 20.700 171,142 43.200 215.548 18801 29,107 243.775 1.007 6.033 5,400 48,600 18.ClX) Net book value At 31 August 2024 1,756 41.226 351.4 396,382 At 31 August 2023 1,773 51.897 356,800 414,470 6 Debtors and prepayments 2024 2023 Debtors Amounts owed by 8ubsKliary company Prepayments 94.000 8,731 5,571 108,302 10,000 6,594 5.925 22,519 7 Credltors and accruals 2024 2023 Creditors Accruals Sub$¢riptions receNed in advance 65,596 16,340 82.820 19.629 20,597 8 Related party transactions Trustee expenses No trustee receN8d any expenses duriro this year or the pwous year. Trustee remun•rntlon and benef No trustee received ary remuneratk)n or beIrt during this or the previ(yJs r. Other related paty trnnsactions BARC has control over the wholty owned subshjiary Bradford Amateur Ripmng Club (Trading) Limited {¢ompany numbgr 097846991. During the year BARC Charged this company £8,535 in reSt of use of the chartvs propety12023.' £6,2941. At the year end the trading subsidiary Ixved a net amount of £8.730 to the charty12023.' £6,594). The trading subsidiary made a profrt of £195 in the r ended 31 August 2024. which will be paid to the harity within 9 months of the year er)d.12023.' nil). BARG 18 a180 the sde member of Hirst Weir Icomparry number 174827629). During the year BARC mado its annual contribution to Hirsl Weirtv•rdrds maintenance costs. 10
Bradford Amateur Rowing Club statemont of Financial Actlvities In¢ludlng comparatives for all funds Ilncluding summary Income and •xpenditur• account) for the y•ar ended 31 August 2024 2024 2023 2024 2023 Unreslrided unrestn.cted Restn"cted Restricted funds fvnds funds funds 2024 2023 Total lunds fufid8 Ineomg Gronls and don*ions MemboT5hip Fees Ra¢0 entry and regattas Bank interest received Prop8ty income Other Inc¢)me Total Income 492 34.721 7.214 1.570 8,535 2.351 54.883 1.STO 34.601 10,254 837 6,295 2.055 55.612 95.000 10,000 95,492 34.721 7.214 1,S70 8,535 2,351 149,883 11,570 34,601 10,254 837 6,295 2.055 65,612 95.000 10,000 Exp•ndltur• Bnts'sh rowing levy Boat maintenance Equipment maintenance Property maintenance Heal, light and water Council tax and refuse To18phono and inlwn•t Insurances Cleaning Administration Race èntri8s and trav Miscellaneous Weir maintenance Independent examination Depr8ciation Training costs Total •xpgndlturg N•t Income l {expendltur•) Fund balanc•8 broht forward Fund balancm Carr1 forward 1.110 3.725 2.601 14,868 6,178 222 770 9.454 1.350 893 1,485 7,186 10,368 3,349 315 563 8,856 1.742 1.110 3.725 2.601 14.868 6,178 222 770 9,454 1,350 299 7.918 521 137.302 726 29.327 568 216,939 167,0561 893 1,485 7,186 10,368 3,349 315 563 8.856 1.742 268 7,093 390 12,311 726 28,985 7.918 21 25.104 726 29,327 588 104,241 (49,3581 7,093 390 500 112,198 12,311 726 28,985 72.219 116,6071 112.698 {17,698} 12.311 {2,311) 84,530 118,9181 587,597 538,239 20,509 18,198 624713 605,795 587,597 500 538,739 11