Company registration number.. 07886J44 Charlty registJ7tion number. 1175470 Chester le Street AmateuT Rowing Club {A company limited by shore capital) Annual Rep)rt and Financiol Statcrnents for the Y¢Jr Ended 31 March 2024 Mcmanus 14all Ltd Cl l Marquib Court Team Valley Gateshead Tyne and Wear NEI I ORU Chester le Street Amateur Rowing Club Contcnts Refereiice and Administrative Detrdils Trustees. Report 2w3 Indep¢r¢dtni Exau)inels Report Siatemeni of Financial Activities Sto6 Balance Sheet N￿¢S to the Financial Stat¢ment8 8t0 17 Cbester le Street Amateur Rowing Club Refercnee and Administrative Details Trustees Mr Christopher Palmer Ms Lindsey Burford Mr Gordon John Clark Mrs Viewria Jan¢ Paync Mr Gary Steven Smith Unn C I I, Marquis Court Kingsway .%outh Team Valley Tradffing Estste Gat¢shcad Tyne & Wear NEI I ORU Registered Offite The chariiy is incotporaied in England and Wales. 07886344 CompaTiy R¢gi$tr8tion Number Charity Registration Number 1175470 Independent F.AAmiDer Mcmanus Hall Ltd Cl l Marquis Court 'ream Valley Gateshead Tyne and Wear NEII ORU Page I Chester le Street Amateur Rowing Club Trustees, Report The Iru5tee5. who are dFreciOlS for (he purposes of company law. present the annual re￿rt iogether with the financial stat¢ments of th¢ charitable Company for the year ended 31 Mar¢h 2024. Objeetives aetivities Objects and alnLf The proinotion of ¢ommunity participation in the healthy recreation, in particular by the provision of facilities. enLoiiragemeiit wid instruction in ihe sport of lowing for the inhabitants of Ch¢ster le Street and the surrouiidiiig iirea. Objeclives. slroffegies urtivilies The main aclivities undertaken during the year werc.. Provision of training equipmeni. faciliiies and coaching to m¢mbÈrs and the wider community. Devclopment of junior members to compeie at National, International and World level. including GB rowillg Icarn participation. Gsving all rowing memb￿¥ the opporlunity to compete in local events. bllL beneftt The CharÈiy has provided tyaining equipmeD¢ facilitie5 and coaching to the wider con)munily, for the public benefil. The trustees confirm that they have complied M'ith the r¢quir¢m¢nts of section 17 of the Charities Act 201 I to have due regard to the public benEfit guidance published by the Charity Cotnmission for England and Wales. FinAllciAI review This year, the Chority prioriiis¢d c05t control and member engagement. 1This Wds success￿71Y achieved by streamlining cxpenses while retaining and dI￿aCiLng ncw meinbors. Overdll incomc remained $￿adY comparcd to tile prcvious ycar. Due lo a tOCUs on costunls have been prepared in accordance with tlie Jnethods ￿}d principles of the Siatemenl or Rrfomrn¢nd¢d Practice for accoui)ting and reporting by chariti¢s lapplicable lo chariti¢s preparing their accuwits in arcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)1. havc no ¢oncerns and have eome acr055 no other maiters in connection with th¢ examination to which atiention should be drawn in this re￿rt in ord¢r to enabl¢ a propeT undeT%ianding ofthe accounts lo be reached. MTS M. Mcmanus FCA Mcmanus Flall Ltd C I l Marquis Court Team Valley Gateshead Tyne and Wear NEII ORU Date". Page 4 Chester le Street Amateur Rowing Club Statenjent of FinaneiaR Activities for the Year Ended 31 March 2024 (Including Income and F4xpenditure Account and Statemenl of Total Recognised Gains and L0s8es} Unrestrleted runds Re4tricted funds 21124 Nt)t¢ Ineome and FJndowrneDts from: Donalions and legacies Charitablc activities Investment income 24,559 20,414 82 24.559 20,414 82 Toial income 45,05.5 45,055 Expenditure on: Charitable activities 4J.420) 43,420) I'olal eXp￿ndit￿re CJa]n￿lo$S¢1 on investtnent assets (4J.4?0) (22,460) 143,4?0) 122,460) Net expcndilure Translers betivcen funds (20.825) 26,476 120,825) 22.460 (4,016} Net movement in fLU)ds 5,651 14,016) 1.635 ReconciliatioTr of Total funds bToughi fomrd 46.051 4,016 50.067 Total funds CWTied forward 14 51,702 Unrestricted fuDds 51,702 Total 2023 Restricted fllnds Note ID¢om¢ 8nd ETrdowweTrts fTh)m: Donaiious and legacies Charstable activities Invcsllncnl incom 2.189 19,732 10 2,189 19,732 Total iiicoine 21,931 ?1,931 Exp¢nditure on: Ch￿itable activitses (44,271) 44,271) Total eX￿nd11￿re (44.271 44,271) Net expenditure 22,340) (22.J40) Net movement in funds {22,340) (22,340) Reconciliation of funds Totsl fiuid5 brought forward 68.391 4.016 72.407 Totsl funds carried forward 14 4.016 50,067 All oFthe charily's activities derive from continuing operntiolls during Ihe above two periods. Th¢ notes on page5 8 to 17 fomi an integt31 part of these financial statwnents. Page 5 Chester le Street Amateur Rowing Club Statexnent of Finaneial Activities for the Year Ended 31 Mareh 2024 (Including Income and Expenditure A¢eount and Slatemenl of Total Recognis¢d Gains and Losses) llje fvnds b￿￿kdOWn for 2023 is shown in note 14. The notes on pages 8 to 17 forni an integral part of these finoncial stotements. Page 6 Chester le Street Amateur Rowing Club (Registration number: 07886344) Balance Sheet as at 31 March 2024 2024 2023 Nole Fixed assets T&ngible assets 28.461 34.960 Current Z55ets Dcbiors Cash at bank and in hand 10 1.855 23,944 1,3211 16,123 25.799 17.451 Creditors: Amo￿nts falllne due within onc y¢4r 12 2.558 2,344 Nel eurreiit assets 23.241 15.107 N¢t ossets 51,702 50,067 Funds of the f harity: Restricted income funds Resirictcd funds 4,016 Uttrestrieted income funds Unrestricted funds Revaluation reserve 8,286 43.416 {19,8251 65.876 Total unrestricted lunds 51,702 46,051 Totsl funds 14 51,7(12 50.067 or the financial year ending ) l March 2024 the charity way entitled to exemption from audit under section 477 of the Companies Act 2006 relating to sinall Companies. Direciors, responsibililies.. The members have not rcquircd the charity to obtain an Audit of its accounts for the year in qucstion in accordance with section 476- and The directors acknoivledge their resw)nsibiltties for complying with the requirements of the Ad wtth respect io accounting records and the preparntion of accounts. These f￿ancial statenieiits have been prepared in accordance with the spccial provi5ion5 relaiÉng to companies subject to the small coFnpanie5 regiwe withiti Part 15 of the Companies Act 2006. The flnancial stateinents on pages 5 10 17 werc approwcd by the truslces, and authorised for issue on 30 jun¢ 2024 and signed on their behalf by.. Mr Chri Trusiee ropher Poiffter The notes on pages 8 to 17 forni an integral part of thes¢ financial statements. Page 7 Chester le Street Amateur Rowing Club Notes to the Finaneial Statements for tbe Year EDd¢d 31 Mareh 2024 I Charity stst115 The charity is limited by share capital, iii¢orp)r*¢d in Fthglwid and Wales. The address of its IEgislcred o£fice Ès.. Unli Cl l. Marquis Couri ngsway South Team Valley Trading E5taie Gateshead Tyne & We8r NF.11 ORU Thes¢ finan¢Ral statements werr authoribed for issue by the Iw5tees 30 June 2024. 2 Accounti￿% policies Summary of significant accounting policies key acc•untiThg estim4tes The princip81 accoulliing policie.% applied in the Preparation ol these financlal Stsiements ore set out bcloiv. These policies have been consis￿ntlY applied to all the years wescnted, unlESS otherwise stat¢d. Statement of compliance The financial staleincnts have ￿ell prepared An accordance with Accounting &Ad Reporting by Charities.. Slaleinenl of Recommended Practice applicable lo Chariiies preparing their accounts in accordallcc with the Financial Rcporling Siandard applieable in the UK and Republic of Ircland (FRS 102) lelTcciive l January 2015) - {Charitie5 SORP IFRS 102}l. the Finajicial R¢porting Standard applicable in the UK and R¢piiblic of Ireland IFRS 102) and thE Companies Affl 2006. Basi5 of preparation ChesleT le Streei Amateur Rowing Club meets thc defu)iiion of a publit benefit enitly under FR$ 102. AsseLs and liabililies are inilially recogllised at hisiorical cost or Irdnsaction value unless otheTWi8e slated in th¢ r¢l¢vaiit accounting policy notes. Going tonccrD 'rhe tnJste¢s consider that there are no material uncertainties al)out the charity5 ability to ¢ontinue as a going coiicem nor any significani ar¢as of uncertainty that affect the carrying valut of assets held by the charity. Exemption from preparing * eASb flow statement lThe Lh41rity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow stsicment in these fmancial statements. In¢ome and endowments All income is recognised once the charity has enlitlement to the income, it is probable the incothe will be received and the amount of ihe income receivable can be mca5ured reliably. Page 8 Chester le Street Amateur Rowing Club Notes to the Financial Statements for thc Year Ended 31 March 2024 Donqlious legiTeles DonaÈioDs are recognised when the charity has beeo Dolified in wTiting of both the amount and seltlemcni dale. In th¢ event that a donation is subject Éo conditions that require a level ofperfonnance by the charity beloTe the charity is entitled io the funds, thc income is defe￿ed and not recognised until either those condiiions are lully mei, or the fvlfilnient of those conditions is wholly within the ¢ontrol of the Ch(￿lty and li is probable that tht5e conditions will b¢ fulfilled in the reporting period. Gronts reeeiwble Grants are recognisod when the charity ha5 an eniitlemcni io the funds and any conditions linked to the grants have been meL Wher¢ perforrnallce collditioiis are attached to the gran¢ and are yet to be met. the income is reCI￿niSed as a liabÉlity and inclu(kd on the balanre sheet as deferred income to be released. F.xpenditure All cxpendlture is wi5ed onc¢ th¢r¢ is a legal or con5tnJctive obligalion to that expenditur¢, it is probable seltlerncnl is required and the amount can be measured reliably. All cosis arc allocated io the applicable e.Kpendilure heading that aggregate similar costs to that Cale80ry. Where costs cannot b¢ directly attributed io particular headings they hai'¢ been allocated on a basis consistent ivith the Use of resources, with cet)tral staff costs allocated on the basis of tim¢ spent, and depreciatioii charges allocated on the portion of the asset's use. Other support costs are allocated based on tli¢ Spread of staff costs. Chttritoble Aclivilies Chariiable ¢xpeiiditure comprises those costs incurred by the charity in the delivery of it5 aciivitie5 and Services for its beiiefiriaries. It includes lyoth costs that Can be allocated directly to such activities and those costs of an indire¢t natu￿ necessary to support them. Gov¢rDrnent Erants Govemment grdnts are recognised based on the dcctual model and are measured at the foir value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relaiing to revenue re r¢cognised in income over the period in which the related costs are reco￿niStd. (srants relaling io assets aTe recognised over the expected LISe￿I life of the asset. Where part of a graiit reldting to an asset is def¢trTed, it is r￿Ognised as deferred inCIN￿e. T4xAtion The charity is considered io pass ih¢ tests sei out in Paragtaph I Schedule 6 of th¢ Finance Act ?010 and therefore il n)eets the d¢fmition of 8 clwilable ct)mpany for UK coyporalion tax pury)ose5. Accordingly. the charily is potentially exempi from tsxation in respeci of inc0￿C or capital gains received within caiegftries co*ered by Chapler 3 Part I l of the Cotyoralion Tax Act ?010 or Section 256 of thc Taxation of Chargeable Gains Act 1992, w the ex¢en¢ thal such illtome or gains are applied exclusiwely Lo charitable purposes. TaDgible fixed awts Individual fixed assets costing £500.(HJ or rnore iniliÈlly rec(trrded at cost. D¢pr¢ci3tRon and amortisation DepieLiaiion is provided on thngibl¢ fixed assets so a5 to write off the cost or valuation. le55 any Estitnated re5iduul value. over their expected weful economic life follows-. Asset cl&qs Plant & mxhin¢ry Depre¢iatlOD melbod ryte and 20Yo Straighi lifte Page 9 Chester le Streel Amateur Rowing Club Notcs to the FiDancial Statements for the Year Ended 31 March 2024 Trade debtors Trdde debtors arc amounts due from cuslomers for m¢￿h8nd]Se sold or seEwices perfomied in the ordiiiary course vf business. Trad¢ d¢btOT5 are recognised initially at the trdnsaction pri¢e. They are 5tsb5equently measured at amorttsed ¢ost using the effective inteitst method, less provisioii for impaimient. A provision for the impairnient of trdde debtOT¥ is established wh¢n there is objective evidence that the charsty will not be able to collect all amounts due according to ihe original iemis of thc receivables. Cash and c95h equivalents Cdsli and Lash equivaleiits ¢ompris¢ Cash on hand and call dep05its. ￿}d ¢)ther short-terni highly liquid iiive5tments rhat are readily convertible to a knowi amounl of c&sh and are subject to an insignifi¢ant risk of ¢hang¢ in value. Trad¢ Creditors Trade ciediiois are obligations to pay for goods or services ihai liave been acquired in thc ordinarv COUTSt of business from suppliers. Accounts payable arc classified as curyent liabiliiies if (he chariiy does not have an uncondiiional right, at rhe end of Ibe reporting period, to defer setilemeni of the creditor for ai least tivelve tnonths after the reporting dale. Ir there is an unconditional ri£ht io defer setilement for at least hvelve llwnths after the reporting they are presented as non-current It8bili¢ics. I'rade crcditvr5 are reLognised initially at the transaction price and siibsequenily m¢asured at amortised cost Using the tffeciive inieiest method. Fund strncture Unrestiicted income are generdl fLU)ds that are available for use at the tnLStees discretion iii ￿T(her￿n¢¢ of the objective5 of tht charity. Restricted income funds are ihose donated for iise in x particular area or for specific purpos￿ the use oFwhich is r¢stricted ro that area or purpose. Page 10 Che$ler le Street Amateur Rowing Club l¥otes to the Financial Statcmcnts for th¢ Year Ended 31 March 2024 3 Income from donatioTrs ¥nd le8¥cltS Unrestrieted funds GtDenl Total 2024 Donatioiis and legacies; Donations from iiidividuals Grdnls. including capital grants,. Government grants Grants from other chari(ies 6.290 6,290 17,270 999 17,270 999 24.559 24,559 UnrestTiCtLTrd fllnds General Totsl 2023 Grnnts. includirkg capital grants,. Government grants Grants from other ehtirities 875 1,314 875 1.314 2,189 4 lffittsmt from ¢harit4bk artiviti Unrestrleted funds GeDer81 Totsl funds Amateur sport 20,414 20.414 Tot41 for 2024 20,414 20,414 Total for 2023 19,732 19.732 S Investment IDcome Unrestricted fundg Gentral Total funds Interest receivable and similar income. Intcrcst reccivable on bank deposits 82 82 Total for 2024 82 82 Totgl for 2023 10 10 Pagell Chester le Street Amateur Rowing Club Notes to Ihe Fin8Deial Statements for the Ycar Ended 31 Marcb 2024 6 Expenditure on charitsble ¥Jc¢iYltl¢s Unrestricted fun￿$ GeNerg1 Tot81 fulldy Note Amateur sport D¢preciation, amortisation and other similar ¢osts 34.721 8,699 34.721 8,699 Total for 2024 43,420 43.420 Tolgl for 2023 44,271 44,?71 Page 12 Cbester le Street Amateur Rowing Club Notes to the Financial Stxtements for the Year EDdcd 31 March 2024 Total expeoditure 7 Net in￿￿7￿glO￿tgofing rttsourees Net incomingJ(outgoing) Icsources for the ye4r include.. 2024 2023 Depreciation of fixed a&8ets 8.699 6,337 8 T*x4tion The charity is a registered charity and is therefore exempt from taxation. 9 T¥nglble flxe41 assets Land and buildings Furniture and equlpment Total Cost At l April 2023 Additions i,079 161.936 2,200 165,015 2200 Al 31 March 2024 3.07Y 164,lJ6 167,215 Depr¢¢iatioD At l April 2023 Chorge for the year At ) l March 2024 130,055 5,620 130.055 8.699 3,079 135,675 138.754 Net book value At 31 March 2024 28,461 28.461 At 31 March 2023 3,079 31,881 34.960 Included within the net book value of land and buildings above is £Nil (202J - £Nil) in re5pert of fr¢¢hold land and buildings and £Nil (2023 - £3,079) in respect of leaseholds. 10 Debtor5 2024 2023 Trade debtors Prepayments 352 1.503 269 1,0.59 1,855 1,328 Page 13 Chester le Street Amateur Rowing Club Notes to the Flnancial Stat¢ments for the Year Ended 31 March 2024 I I Cash and ￿5h equivalents 2024 2023 Cash on Iiand Cash at bank 764 23,180 555 15.568 23,944 16.123 Page 14 Chester le Street Amateur Rowing Club Notes to the Financial Statements for the Year Ended 31 March 2024 12 Creditors: amounts falling du¢ within one y¢gr 2024 2023 Trade creditors Other credilors Accruals 2.456 2.558 2.344 13 Reserves Unrestricted rev8luatio reserv¢ Total Ai l April 2023 Other resctve movements (65,876) 22,460 (65.876) ?2,460 At 31 March 2024 (43,416) (43,4 16) nrestricted reyerve Total At l April 2022 Page 15 * r U L) uu Cbester le Street Amateur Rowing Club Detailed Statement of Financial Activiti￿ for th¢ Yeydr Ended 31 March 21124 Total 21124 2023 Income and EndowmeTrts from: Donations and legoci¢s {analyscd bclow) Charitable activiti￿ (analyscd below) Investment income (analysed belolv) 24,559 20,414 82 2,189 19.732 10 Totsl income 45.055 21,931 Expenditure on: Charithble activities (analysed below) (43,420) 44,271) Totsl expenditure 43,420 44.271) Net income/(expenditure} Trdnsfer5 bd)veen funds {analysed below) N¢t movement in fun¢l% 1.635 22.460 (22,340) 24.095 (22,340) R¢¢onelllatlon of funds 'rotal fvnds brought forward 15,809) 6,531 '] otal fvnds carried fotward 8,286 (15,¥091 This page does not forni pth of the stsiutory F￿￿nCIal statcments. Page 18 Chest¢r le Street Amateur Rowing Club Detailed StAtement of Financial Activities for th¢ Y¢ar Ended 31 March 2024 Total 21b24 Total 2023 I)Qn￿/￿Tr$ dndlegaeies Appeals and donations UK Government grants Granls- other agenciE5 6,290 17,270 999 875 .314 24.559 2,189 Ch&rirfuble &ellvliies Subscriptiolls Fees wid supplies 12.453 7.961 9,344 10,388 20.414 19,732 Imiyslmenl ineo Interest on cash deposits 82 10 82 10 Chariluble ucllvlll Direct ¢ostS Rent (6.543) {290} {123) (18.328) 1558) {4,576) (20,534} (1.400) Water rates Repairs and inaintenance Plani repairs Insurance Telephone and fax Computer softwatt and maintenance costs l.egal and professional fees 'I'ravelltng ALCQUlltancy fees Bank charge5 Depreciatioii of leasehold properry Depr￿latIOn of planl aiid machTrn¢ry (965) 15.175) 14,419) (43) (408) (2.185) {238) 11.766) 1595) 11,366) {338) (3.079) (5.620) (1,458) (117) (6.337) 144,271) {43,420) 7ransfcrs befwcerffvndT unds '[ rdnsfrr frotn another ffijnd Fund5 - Transfer to another furld 26.476 {4,0161 22,460 This page does not fomi part of th¢ stAtutory fllwKiai ststements. 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