ISLE OF ELY ROWING CLUB CIO Registered Charlty Number: 1174226 REPORT AND ACCOUNTS FOR THE PERIOD ENDED31 DECEMBER 2023 Contents Trustee Report Pages 1 to S Independent Examiners Report Page 6 Accounts Page 7 Notes to the Accounts Page 8 star 11. Trustees, Annual Report for the period Period start dale Period end dale (OMm￿￿¥ 01 J*A 31 From Section A Reference and administration details Charlty name Isle of Ely Rowing Club Other names charlty is known by Reglstered charlty nurnber (rf any) 1174226 Charity's principal address 2 Collier Close Ety Postcode CB6 3WX Names of the charity trustees who manage tho charity Dat•s a¢W il not for *thol• Truste8 n•m• Irf wy) Namè of pèrson lor body) enlSlled toa Ifan Susan King Teresa Aslett Chair Trustee Kasia Brzoska Trustee Christian Schosland Trustee Started July 2023 Nicholas Johnson Trustee Trustee William Bertram Names of the trustees for the eharlty. If any. (for examplè. any eustodlan Irustees) Name Dates acted rf not for whole Names and addresses of advlsers {Optional infomwti¢)n) of adviser Name Address Name of chief executive or names of senior slaff members (Opiional information) TAR March 2012 Section B Structure. overnance and mana ement Descrlptlon of the charlty's Irusts Constiiution, Scheme of Delegation Type of wverning document How the charity is constiiuled Charitable Incorporated Organisation Truste8 selection methods Election by members at AGM Additlonal governance i83ues {Optlonal Inlomiation) Members are actively en¢ouraged to SUPPDrt the club by becoming either a m8mber of the managamenl c(Nnmittee or a trustee. This is done by emails to all members on the run up to our AGMS. offering to have a chal with those interested and also providing a link to the Charities Commission website. Once appointed as a trustee the club has a Trustees. Handbook gNing help and guidance to n8w trustees. You may choose lo include additional information. where relevant, about- policres and procedures adopted for the induction and Iraining of trustees: the charity's organisational structure and any wider network with which the charity works; • relationship with any related The tnJ*ees delegate the day-lTrday running of the club to the rnanagement committee (who are elected by the members al the AGM). However. some mattars are resérved to the trustees as sel out in our constitulion. Ely Village College holds a corporate membership with the club which enables us to support oui College Rowing session givin9 Students access to our sport through weekty rowing sessions. trustees. consideration of major risks and the system and procedures to manage them. Through regular m88tings and reporting by the management ci)mmittee the trustees have an activ8 oversight of any risks. Seclion C Ob'ectives and activities The promotion of community participation in healthy recreation for the benefit of the inhabitsnts of Ely and surrounding areas by tha provision ol facilities lor rowing. Summary of the objects ol Ihe charlty set out In Ils governlng document TAR March 2012 Our worf( with Ety College (which began in 20181 continues and in 2023 we offered around 40 studènts the opportunity to row. and 32 students continued rowing that year. Scrfne of these students entered head races and regattas and row for the club. We also ran taster ses￿rts during the Fabruary haw tèrm and thé Easter holidays.16 students attendèd each taster sassion and the students were from Littleport and East Cambs Academy Soham Village College. Neale- Wade Academy and Ely College We have also develoFed links wth East Anglia Youth Rowing an organisation which has been selting up partnérships between clubs and schools starting in the CambrTrdge area (ils aims are to reach further into Suffolk & Norfolk). Summary ¢1 the main actlvilies undertaken lor the public benefit in relation to these objects (Include wlthln Ihis secllon the sL￿￿tOry deelaration th81 Irusl¢e$ have had regard to the guidanee Issued by the Charity Commisslon on publlc benefit) We ran 2 leam to courses for adutts in 2023 and had 32 people attend These courses are open and there are no restrictions lo participation on these cwrses and they appeal to a wide range of people. The people that attendèd ranged in ages of belween 23 and 57. on￿ our leam to row courses are finished we get together with 2 other local roy￿ng dubs arKI hokl a New to Rowing event . This is open to anyon8 who has leamed to row that year, the events range from skills on th8 water, side by side races arKI timed races and fancy-dress hats - points given for all. These really are Iriendly events- our newest m8mbers get to visit olher ¢lubs and row with people at the same stage of their rowing experience. Our club junior Se￿OnS take pla￿ on Sunday mornings. These arè att8nded by children of all different backgrounds and sporting ability. For regular members we hold timed rowing ses&ons on a monthly basis. These are well attended not only for those who use it as a training tool lor racing but tr￿e vtt￿ are wanting to challenge themselves to improve each month. These sessions are in addition to the regular sessions griing members as many ot4)ortunities as possible to enjoy their sport. When organising any of the above events and also as part of our seNice provided to established members the trustees {and the management committee) gpie regard to the club's charitable purpose of providing our services for the public benefit, a requirement which we believe we continue to meel. Addltlonal detall8 of oblectlves and aclfvltles (Optlonal Infomiallon) You may choose lo include lurth8r slatemenls, where relevant, abcKrt: Contribution made b volunteers Our club is entirely volunteer led. This exlends to keeping the site tidy. assisting with coached sessions, DIY jobs around the club, coaching, launch driving. being a member of Ihe managem8nl comrniltee, being a trustees. running coached s8ssions, we fundraise. we run open races for the entire racing community, the lisl goes on, with far too many to mention. Without the regular support of our members. we simply would nol run. policy on grantmaking. policy programme related investment., contribution made by volunteer5. Section D Achievements and performance TAR Marth 2012 Section D Achievements and performance The club continues lo grow and we have increased our membership by 9 members since 2022. We conb'nue to offer rowing opportunilies to members whelher for competitive rowing C￿ fitness an(Vsc¢ial benefits. We have refurt)ished one of our quads and one double this year and also bought new quad blades. We have obtained another launch which was donated by Cambridge University Boat Club and was refurbished by our members. We have ordered 2 new Cadet boats for our juniors which should arrive in 2024 and Y￿re partially grant funded. We have continued our schools rowing sessions bringing rowing to students from slate funded education which is such a rare opportunity in the UK. We have improved our site lacilities and iepaired our landing slage. Two of our members have oblained launch driving qualifications and 5 rnembers completed their coaching assistant accreditation. We have run two events- the head race and also marathon in 2023 . Summary of the main achievements of the charity during iho year Section E Financial review The club sets annual budgets to ensure the sm(x)th running of the club and funds are set aside annually to ensure the continued investment in our faciliti&s and equipment for the benefit of members. Brief statement of the charlty's pollcy on reserves Details of any funds materially In deflclt N¢￿e Further finan¢i81 review details (Optional information) The club's principal sources of funds are by VRY of members, annual subscriptions: breakfast sessions" Learn to Row courses x 2 arKI our 2 x open races (Great Ouse Marathon & Ety Head Race). You may choose to include additional infomiation, where relevant about: the charity's principal sources ol funds (including any fundraising); how expenditure has supported the key obJ"ectives of the charity. investmenl policy and objectNes including any ethical investmenl policy adopted. The operational actrvities and fund raising generated a surplus of funds. The club used those surpluses to invesl in developing the club. This provided refurbishment of 2 boats as detailed above and repair of our landing stage - all of which supported our aim to run more coached sessions for dl members & the learn to row courses for members of our community who have no prior experience of rowing. The club di)es not rnake financial investments but does hold surplus cash in a savings account with a Nationwide Building Society pending purchase of physical assets for use by the club. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees. report above. TAR March 2012 Signed on behalf of the charity's trustees Signalure(s) -[ Full name(s) Poslllon (eg Secretary, Chalr. et¢) h/t CHO J?1+of• C￿1￿1 T&)StrS rfeuJTee Date 21106 Lo Il+. TAR March 2012 Independent Examinerfs Report on the accounts of Isle of Ely Rowing Club For the year ended 31 December 2023 Set out on the following pages numbered 7 to 8 Respecilve responslbllltles of the trnstees and examiner The charivs trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this per*)d under sectK)n 144 of the Charities Act 2011 (The Charities Act) and that an independent examinatFon is needed. It is my responsibility to.. Examine the accounts under section 145 of the Charities Act To folbw the procedures laid down in the general Directions given by the Charity Commission lunder section 14515}Ibl of the Charities Act To state whether particular matters have come lo my altenth)n. Basls ol Independent examlnees sLitement My examination was carried out in accordance with general Di￿tiOnS gvlen by the Charity Commission. An examination includes a review of the accounting records kept by the club and a comparison of the accounts presented with those iecords. It also includes consKleraiion of any unusual items or disclosures in the actounts, and seeking explanations from the committee concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an a￿ll. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the Statement below. Independent examiner's stalement In connection with my examination. no matter has come to my attention which gives me reasonable cause to believe that in any material ￿$pert. the requirements: to keep accountiTrg records in accordance with sectFon 130 of the Charities Art, and to prepare accounts which accord with the accounting record5 and compty with the accountin8 requirements of the Charit*s Act have not been met. or 2. to which. in my opinion. attention should be drawn in order lo enable a proper understanding of Ihe accounts to be ￿aChed. Nick Pollington Dated: 21 May 2024 Isle of Ely Rowing aub- Charity No 1174226 ounts 1st January to 31st December 2023 un￿$triC Funds Total Funds Al Recelpts 5th¢￿pti¢￿s £34,202 £12,113 £4￿5 £27.121 r18.241 L30.397 £8.788 £3,OG? £13.473 E12.113 £4XIS £23.387 É74,507 aub (yeratknns F￿￿ra15￿ £3.734 E3,734 £0 Totolrecewts £74.507 E3,734 £78241 £SS.725 Subsuiption5 Merthr seThi( Chjb operation5 Funthai51n8 £0 E8.132 É27JSO É9.301 £45.283 £0 £8.132 £28,187 £9,301 £45ffi20 £5.153 £24.529 4,394 £34,084 £337 £337 £8.503 £8.S03 £20,282 rotttlpoyments £53.786 £337 f54.123 £54,3G6 £Xl.721 f1397 £24.118 £1,359 £0 E97.998 £97.998 £96,639 CoshfvTh15 trt tlms £118.719 £3.397 £122.116 £9 Skned on behalf0fth?Tr￿lee5 Prirrted Name S*ned on behalFof the Trustees La5i