The Windsor Boys, School Boat Club Trustee< Report for the year ended 31 August 2024 The Windsor Boys, School Boat Club (the Club) is a Charitable Incorporated Organisation, governed by a Constitution adopted on l November 2016. Under the Constitution, the Club's objects are the further advancement of education of pupils at The Windsor Boys, School (the School) by providing or assisting in the provision of rowing facilities. The Club retains and enjoys a close association with the School. Trustees may be appointed ex officio or by election at the Annual General Meeting (AGMI. The ongoing operation of the Club is managed by an Executive Committee consisting of a Chairman, a Treasurer, a Secretary and other elected members. The Executive Committee meets on a monthly basis and the Trustees meet twice per annum. The AGM is usually held in October each year. Operations The Club provides equipment and coaching to enable young people aged 13-19 to row, and operates from beginner to international representational level. The Club is highly respetted in the rowing community and achieves considerable success, despite many challenges, through the strong and inspiring leadership of the Director of Rowing who instills a culture of dedication, focus and hard work across the Club. The Trustees express their sincere gratitude to the coaches, parents and other volunteers who have supported the members so well throughout the year, and whose contribution to the running of the Club is immense and critical to the ongoing success of the Club. The principle sources of income during the year were contributions from the families of the boys who are members of the Club, donations from alumni, income from fundraising events, income from one off grant applications, and ad hoc donations. The Club continued to search for and complete a number of grant applications, with thanks to a small and dedicated parent group. The main items of expenditure this year were coaching, regatta entries, maintenance and repair of equipment, the further development of the Mike Tovell Training Centre and, where funds have been specifically raised, the purchase of new equipment. The Trustees express their gratitude to the following, whose support has facilitated equipment purchases and funded some operational costs during the year: The Mumford family and friends, John Mumford Memorial National Schools Regatta Windsor Lions Meritus Associates Tesco Get Bershire Attive The Charities Trust Tree Man
The Trustees also express their gratitude to a number of families and individuals who supported the Club through donations of funds or items (eg for auction) during the year. The Trustees also express their sincere gratitude to the team of staff and volunteers who have contributed to the work on the The Mike Tovell Training Centre, which has continued to develop during the year. Rowing Performance The year to 31 August 2024 was another year of great succes for the club across all ages and abilities. This reflects the dedication of the whole club throughout the last few years, and is ongoing. The Club's membership was strong, with approximately 100 active members, and racing performance was excellent, not least amongst the senior members, whose early rowing experience had been impacted by the pandemic. At the International level, the Club provided three members of the World Championship team at J18 level, with one member competing in the Czech Republic in the Coupe de la Jeunesse. There was also representation at the J16 level in the Quad for the GB v France match. The resilience of the Senior members of the club showed through at Henley with the First Quad regaining the Fawley Cup after several members were losing semi-finalists last year. The consistency of the Club in this competition in the last decade has been unparalleled and is something the whole Club should be very proud of. Nationally, the Club again achieved outstanding success again; at the National Schools Regatta, the Club was the highest performing team with eight medals in total including four golds. In the British Junior Rowing Championships, the Club won four medals including one gold. Looking deeper, the Club continued to provide extensive racing opportunitie5 for all ages and abilities with a comprehensive programme of regattas during the racing season. The Club has led the devleopment of the rowing programme at the Windsor Girls School which continued it's developent this year with representation at the National Schools and British Junior Rowing Championships. Finance The accounts are prepared on a cash basis with receipts and payments being recognized at the time of the transattion. Any significant assets or liabilities not recorded are disclosed in the Notes to the Accounts. Financial control is exercised primarily through the preparation of an annual budget and the reporting of results against that budget on a monthly basis. The Trustees acknowledge that the Club's cash flow is somewhat uneven throughout a year and take
this into account when considering financial matters. A Finance Manual is maintained, which contains key financial procedures and controls of the Club. During the period, the Club recorded a deficit in the period, largely due to capital spend on the Mike Tovell Training Centre, using funds raised in previous years. The closing cash balance of £52,146 (2023: £100,036) contained £45,822 (2022: £82,860> from grants and donations for specific types of expenditure, being items of equipment and site development and purchase. The available, unrestricted funds are £6,322 (2022: £17,176). The Trustees consider this to be an acceptable position and continue to rely on fundraising activities by the parental support group to maintain the current level of operations of the Club. On behalf of the Trustees Ryan Rees-jones Chairman th Dated. 16 June 2025
The Windsor Boys, School Boat Club Registration Number of Charitable Incorporated Organisation= 1168477 Receipts and Payments Account for the Year Ended 31st August 2024 Notes 2023/Z4 2022123 Recelpts: Subscriptions Grants, Gifts and Donations sponsorship Income GiftAd claims Fundraising Events (net of Direct Costs) Kit Sales Inet of Cost of Sale51 Introductory Courses Inet of Direct Costs) Sales of A5seis Other Income 50,692 59,397 53,596 92,141 250 13,637 21,301 1,025 14,068 3.052 2,484 165,656 31,071 28,463 1,601 26,445 8,474 242,041 PaentS. Regta Entry Fees Coaching Costs Rowing Events INet of Contributions recved1 Equipment Maintenance and Repairs Other Rowing Costs MikeTovell Training Centre Marketing and Communications Administrative Expenses 114,0181 161,0211 125,4051 129,1281 144,4071 115,0731 122,6101 1641 11,8201 1213,5461 147,8901 116,4031 162,6611 111,8711 126,5211 125,4301 123,0421 116,2411 16081 12, 1751 1184,9521 Net Surplus/ (Deficitlfor the Year 57,089 Statement of Assets and Liabilits as at 31st August 2023 Cash Balance as at I September Net Surplus I IDthcitl for theyear Cash Balance as at 31 gUSt AnalysÉxI a5: Restricted Funds Unre5tri¢ted Funds 100,036 47,890 52,146 42,947 57,089 100,036 82,860 17,176 52,146 Note5totheAc¢ounts l. The RecPtS and Payment5 account IS Prepared on a Cash Basis. The Cash balance refiertsthe balance in the Cash Book, prepared on a transactional basis (recording payments Wh initiated and receiptswhen receivedl, in order to more accuratdy refiect the cash position of the CILbb as at 3 1st August. Significant assets and liabilities other than Cash are disclosed in the Notes to theAccount 2. Stock, comprising rowing kit hdd as at 3 1st Ajjgust 2024 is val ued at £588. Stock is valued at the lower of cost and estimated realisable value. 3. Other Assets (receivables and prepayments) held bytheclub as at 315t August 2024 were £20,578, including gift aid claims receivableand prepaid event expenses. Costs incurred but not paid at 31st August 2024 were £15,409, representing coaching fees and insurance 4. Salesof Assets represents proceeds from sales of assets, mostly equipment, no longer used bytheclub. Reviewer'sstatement I have reviEwed the abovestatement of Income and Expenditureas prep&ed bytheTr&isurer and am satisfied that thestatement ha5 been drawn up correctly, and accurately showsthefinantial position of Thewindsor Boys, School Boat Club as at 31 August 2024. The balances ofthe Cash Book have been verified by review of the reconciliationsto the Closing bank st*ement balances as * 31 August 2024. There is no rff4uirement for the accountsto beaudit&J. Martin Keeley FCMA Kenmore Devonish Road Sunningdale SL5 9PF Signed Date Prepared bv: M Wilson, ACA Treasurer Signed Date