2023-03-31-accounts

Trustees’ Annual Report for the period

From 1[st] April 2022 Period start date To 31[st] March 2023 Period end date

Charity name: Worcester Dragon Boat Racing Club

Charity registration number: 1173247

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To promote community participation in healthy recreation for the public benefit by the provision of facilities and training in dragon boat racing.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Put on weekly trainings for members. Go to race events, transporting boats there. Hire out boats and train groups alone or in preparation for our charity race event. Update and mend equipment.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In 2022 we run two training sessions a week from early spring until late autumn. During the winter period we kept our Sunday morning sessions and provided weekly circuit trainings to maintain the fitness levels of our members. On 22nd July we participated at the Commonwealth Queen’s Baton Relay carrying the baton and the baton bearer, Rebecca Redfern, across the River Severn. During 2022 we provided dragon boat training sessions for several groups and also participated at the Nationals race event organised by our umbrella organisation, the British Dragon Boat Racing Association.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	We are in a good financial situation, however, our revenue dropped significantly since the Covid-19 pandemic as the number of our members decreased and we could not hold our yearly popular charity event.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held to ensure we can continue to run the club.
Amount of reserves held	Para 1.22	£4,948
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	We follow the rules of our CIO constitution on Trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

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Charity name Worcester Dragon Boat Racing Club
Other name the charity uses
Registered charity number 1173247
Charity’s principal address 4 Gregory’s Bank
Worcester
WR3 8AQ
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Maxine Allan 1/4/2022 – 31/3/2023 WDBRC
Katalin Babatunde-
2 Treasurer 1/4/2022 – 31/3/2023 WDBRC
Kelen
3 Nicola North 1/4/2022 – 31/3/2023 WDBRC
4 Robert Ewels 1/4/2022 – 31/3/2023 WDBRC
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	M. Allan K. Babatunde-Kelen
	Maxine Allan Katalin Babatunde-Kelen
	Trustee Treasurer
	29/1/2024
	29/1/2024

Worcester Dragon Boat Racing Club

Statement of Profit and Loss for year ending 31 March 2023

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2022-23 adjusted
£
Membership 2022 2,095
Kit Income 353
Racing Fees 360
Boat Hire & Training Income 625
Revenue 3,433
2022-23 adjusted
Gym Costs for Circuits -550
BDA Club Membership 2023 -100
Racing Costs -650
Admin Costs -40
RTD 2020 Refund -100
Expenses -1,440
2022-23 adjusted
Club Costs -2,335
Club Insurance Costs -633
Boat Licences Costs -140
Boat Maintenance & Repairs -75
Marketing costs -159
Other Overheads -3,342
Profit from normal activities (1,349)
One off items
Assets 0
Profit/Loss -1,349
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Main Account Juniors Account	Detail of Financial year to March 2023	6,297 4,948 7,759 1,348.60 1,349 - 1,102 2022-23 adjusted £ 1,102
	Opening balance Closing balance (adjusted) Opening balance Closing balance (adjusted)