THE CANTERBURY PILGRIMS BOAT CLUB
CharEtab]e Incorporated (hgdnisation Re& lio. l L75543
Trustees, Report and Annual Accounts
for the year ended 31st December 2024
Page l of 14
The Canterbury Pl1￿]m8 Boat Club

THE C4NfERBURY PILGRIMS BOAT CLUB
ChaIitable IneoTrorated Organi%atioll Reg. No. 1175543
Contsnts
Page
Legal and Administrdtive infornmtion
TTUStees' rq)ort
Statement of financial activities
Balance sheet
Notes
10-14
Page 2 of 14
The Canterbury Pilgrims Boat Club

THE CAKfERBURY PILGRIMS BOAT CLUB
Charitable Incorpornted Organisaiion Re& No. 1175543
Legal and Adminlstratlve Inforniatlon
Charitable Incorporated Organisation Name
The Cantekbury Pilgriti)s Boat Club
Charity Registration Number
1175543
Reglstered and Operating Address
The GraDge
Long Wittenh4m
Ablngdon
Oxfordshtre
OX14 4QH
Trustees
Alastair Brown (Retlred 2nd re-cl￿ted}
Angus Forbes
Ben Loxton-Edivards
Ed Thonvas
Vkky Spencer IRetlred and re-elected)
Ewan Pearson
Nigel Press (Rellred rfrelected)
Andrew Rmdkin
Mlnvdgement Committee
Alastair Brown (Hon. TreaSu￿r)
Ben Loxton-Edwards (Chair)
Ewan Pearson (Investments)
Freddie Allinson (Membership Secretary)
Nigel Press (Westbere Development)
Tom Wingfield (Captain of Boats)
Angus FO￿¢$ (Hon. Secretary)
Andrew Rudkin (Membership Secretary)
Jon Williamson (Director of Rowing, The King's School Canterbury Boat Club)
Water Safety Advisoi (Helena Barton)
Welfare Officer
BaDker5
Lloyd5 Bank plc
40 Higb Str¢¢t
Canterbury
CTI 2SE
Cl]aTities Aid Foundation
25 Kings Hill Avenue
West Malling
ME19 4TA
Page 3 of 14
The Canterbury PilgtiLrA8 Boat Club

THE CA￿￿ERBURy PILGRtMS BOAT CLUB
Charitable InCo￿Orated 1Trgnisation Re& No. 1175543
Report of the Trustees
Structur4 Governanee & Management
The charity was frst estab]ished as an unincorporated association in 1946 and was registered as a
Charitable InCO￿Orated OTganisation (CIO) on 3rd November 2017.
The power to appoint new Ttustees is vested in the MeMbe￿hIp of the CIO. One third of t
existing Trustees retiTes at each Annual General Meeting and may seek re-election.
The day-towday operations of the charity delegated by the Trustees to a Management
Committ¢¢ whos¢ memberg consist of a Chair, the Hon. Treasu￿. the Hon. Secretary. the Director
ofRowing at The King's SchooL Canterbury ('%be school.). the Water SafetyAdvisor. the Welfare
Officer. and not more than six other paid up members of the CIO all of whom are elected by tl
Menthe￿hlp of the CIO at an Annual Generdl Meeting for a peTiod not exceeding flve yeaT5' th
a￿ eli￿￿1¢ forreappointment. The Management Committee also comprises the Captains of Boats
of the school Boat Club ay officio.
New Trustees are infonned of their duties and responsibilities as Trnstees and a full explanation
of the charity's activities and management of its assets is given. New TDJ5tees are recrnited from
among fornjer members of tbe school who will probabty have rowed for the school at some time,
and from among Other persons who seek to promote the objects of th¢ CIO.
Objects & Acdvttles
The objects of the CIO are primarily "to advance the physical education for the public benefit of
students of all abilities at The King's SchooL Canterbury by participation in tb¢ sport of Towing
through the provision of facilities, equipment, fmancial and other support"
We work closely with the Director of Rowing and the Captains of Boats of the school Boat Club
in the provision and maintenance of equipment. principally racing boats; f]nancial support of
coaching and training caiijps. and advice and support where and whenever appTopriat¢.
The main aim of our activities is to ensure that the school Boat Club is enabled to participate in
competitive rowing.
The Trustees have taken into account Charity Commission guidance on the publi¢ benefit of tj
charity's activities: admission to the school is open to any individual who meets admission criteria
set by the school from time to time. and the sport of Towing at the school is open to any student to
pursue. It has b¢¢n r¢cognis¢d anecdotally that D)wing instils a sense of discipline and
commitrnenl probably g￿ter than any other team sport: these qualities can be carried into an
individual's professional life and for the benefit of society at large.
Page 4 of 14
The Cantertlury Pilg￿lMS Boat Club

THE CANTERBURY PILGRtMS BOAT CLUB
Charitable Inco￿O￿ted O￿nisatIOn Re& No. 1175543
Report of the Trustees - continued
All the activities of the Twstees and n￿MberS of the Management Committ¢e are conducted on a
voluntary b&sis.
Achievements and Performance kn 2024
Activities this year included a small amount of fundraising both for re5tticted and unrestrict
funds.
In addition, we engaged with the school and discugsed the recruitment of a new Director of
Rowing. This involved reiterating tbe importance of recruiting the highest quality candidate to
build on Mr Williamson's legacy and secure the future of rowing at King's.
The Pilgrin]s co-hosted a well attending lunch at Henley Royal Regatta. We gave thanks to Mr
Williamson for his excellent setvice to KSCBC and we welcomed Mr Reiser. The wider Pilgrin
donated 27 Henley Stewards, Badges which were distributed Éo parents and pupils.
A group of 7 Pilgrims took part in the 4th Pilgrfftms Sportive (April 2024), this is an annual cycle
from Putney to Canlerbury.
Financial Review
This year our unrestricted income and expenditure was greater than last year. This was due to
increased participaiion iti our sun]rner event at Henley Royal Regatta. The main source of
unrestricted income is membership donalions. There are some 85 regularly paid-up m¢mber&'
this amounted to £1,494. We continue to seek donations and legacies. As of 3 1st December
2024. our w￿estriCted ￿serveS amount to £40,894. an increase of £1304. This increase was
chiefly account¢d for by the aforementiotNI donations and revaluation of investments r¢sulting
in a capital gain of £537.
As of 3 1st December 2024. our restricted re8C￿eS amount to £51.044 an increase of £1.869
ovct th¢ previous year. The increase in value results from investment income of £735, donatiODS
of £537 and revaluation of itivestments with a ￿pital gain of £596.
Gift aid kms not been claimed on income for this year. This will be claimed in future.
As of 3 1st December 2024, our total reserves amounted to £91,938.
Page 5 of 14
The Canterbury Pilgrims Boat Club

THE CANfERBURY PILG]UMS BOAT CLUB
Charitabk InCO￿o￿ted Organk%atk)n Reg. No. 1175543
Reserves and Investment Pollcy
Our reserves policy is to ensure that we have sufficieni liquid funds to meet our ongoing activities
with a small surplus where posSi￿le. Ourreserves as at 3 1st December 2024 were adequateto meet
our continuing support for the school Boat Club over the course of the following fmancial year.
We do not employ staff nor have any commitll￿nts beyond those already noted in these f]nan¢ial
staterrtents, so we do not consider that we need to keep free reserves beyond a milli￿ level to
fund inllnediate requiren￿ntS.
We have agreed that we are now holding too much cash at tbe bank, we have agreed tbat
majority should be invested to leave 2-3 years worth of expenses in cash.
Our cutrent investment policy is to build up a level of investments over time so that th¢ income
generated from those investments will be sufficient to fund our normal activities.
Our CU￿llt investment strategy is to invest on a total ￿turn basis by placing funds solety with
CCLA in their COIF Charities Investment Fund. This strategy has been agreed by the Trustees
after consideration of other investment managers and funds. The aim of this CCLA fund 15 to
achieve a positive long-term retum, comprising both growth in capital and distributions from a
diversified portfolio whi¢h is invested in overseas and UK equities, with the balance in
infrdStnLCture, contra¢tual income, Cash, property, r￿ed interest, private equity and other
alternative investments that meet ow crit￿7&.
Page 6 of 14
The Canterbury Pl1￿]m5 Boat Club

THE CANtERBURY PILGRIMS BOAT CLUB
CFLaritabk Inco￿0[ared (Wllisatioll Re&No. 1175543
Statement of Trustees, Responsibilities
The Charities Act 2011 requires the Trustees to prepare f]nancial statements for each fllwicial year
which give a true and fair view of the state of affaits of the chaTity and of the surylus or def￿1t fc
that period.
In preparing those fjnancial statements, thc Trustees ate required to..
sekct suitable accounting poItcies and then apply them consistently.
make judgements and estin]ales that are reasonable and pn￿ent.
compty with applicable accounting standards Subject to any material depart[￿eS disclos81
and explain¢d in the flllanciai Stat￿ntS. and wb¢th¢r the fmancial stat¢ments have been
prq)ared in accordance with the Charitie5 SORP. and
prepare the fmancial staten]ents on the going Concern basis unless it is inappropriate to
ptesum¢ that the Clwity will continu¢ in op¢ration.
The Trnstees are responsible for:
keeping proper accounting records which disclose with reasonable accurdcy at any time
the financial position of the chality" and
safeguarding the assets of the charity and hence for taking reasonable st¢ps for th¢
prevention and detection of frdud and other irregularities.
Approved by the board of Trnstees on 2211012025 and signed on tis behalf..
Ben Loxton-Edwards
T￿stee & Chair
Page 7 of 14
The Canterbury Pilgrims Boat Club

THE C￿ERBuRy PILCRIMS BOAT CLUB
Charitable IncO￿OI8t¢d (￿ga￿]SatIOn Re￿ No. 1175543
Statement of Financial Activities for the year ended 31st December. 2024
Notes
2024
2023
Restrlcted
Total
Funds
Funds (£)
537
2,478
0.00
735
Incomlngand endowments
from:
Donatlons and legacies
Charitable activities
Investments
Other
Unrnstrlcted
Funds
2,091
0.00
466
Total
Funds (£)
2.629
269
250
1.626
1,272
2,898
2,728
Expenditure on:
Raisin8 funds
Charitable activities
Other
858
858
404
858
858
404
Net In¢ome/(expenditure)
Transfers between funds
Other recogni5ed
8ains/(lossesl:
Gains/llossesl on
investment assets
Net movement in funds
Total funds brought
forward
Total funds carried forward
767
1,272
2,040
2,324
537
596
1.869
1,133
3.173
939
3,263
1,304
88,765
91,938
18
40.894
51.044
88,765
Page 8 of 14
The Cantc￿Ury Pllgrims Boat Club

THE CANfERBURY PILGRIMS BOAT CLUB
Charitabl¢ In¢otpoTat¢d Organisation R¢& No. 1175543
Balance Sheet as at 31 st December, 2024
Notes
2024
2023
Flxed Assets
Tangible Assets
Investments
Total Flxed Assets
Currant Assets
Merchandise
Debtors
Cash atBank& in Hand
Total Current Ass8ts
Current Llabllltles
Sundry Creditors
Net Current Assets
Total Assets
10
11
58062
58056
58,063
58,057
1784
1784
13
14
32091
28924
33,875
30,708
15
33,875
91.938
30,708
88.765
16
Represented by:
Unrestricted Funds
Restricted Funds
Total Funds
17
40894
51044
39590
49175
91,938
88,765
The financial statements were approved by the board ofTrustees on 2211012025 and wer¢ signol
on its beha]f by:
Ben Loxton-Edwards
Trnste£ & Cbair
The notes on pages 10 to 14 fonn part of these fmancial statements.
Page 9 of 14
The Canterbury Pilgrims Boat Club

ThE cAr￿ERBURy PILGRIMS BOAT CLUB
Charitable Ineoryornted CkgAnisaiioD R¢& No. 1175543
Notes to the Financial Statements for the year ended 31$1 December 21124
l. Accounting Policies
The following a¢¢ounting policies have been applied consist¢ntly in dealing with items which are
(Insidered mterial in relation to the financial slatements.
(a) Basis of preparation
The financial statements have been prepared underthe historical cost convention and in
accordance with the Financial Reporting Standard for Small¢r Entities (effective I St January
2015)
(b) Grants recelvable
Grants are recognised on an aceruals basis, accounted for in relation to tbe period that they relate.
Where Brants have been received for capital items, the total ￿all¢ has been dis¢losed In the
SOFA and depreciation, in accordance with the accounting policies, has been charged against
that income over the estimated useful economic life of the asset.
Where grants are ￿CeiVed dwing the year under review but relate to a later p￿10d the amount is
deferred under D¢f¢rr¢d Incom¢ iu the Balance Sheet.
{c) Expenditure
Resources ¢xpended are recognised in the period in which they are incutred. R¢sources
expended include attnbutable V A T which cannot be recovered.
Resources expended are allocated to the parti¢ulRr activity where the cost relates directly to that
activity.
(d) Depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to writ¢ off the cost less
¢stin￿tea r¢sidual value on a straight line basis over their estimated useful lives as follows:
Equipment: I￿/0 per atinuui with a of £1.
(e) Fund Accounting
The accounts distinguish between restricted and unrestricted funds. The fOrtt￿ have been raised
by the charity for specific pUrpo￿S or are received from donots and are subject to restrictions ou
the puwoses for which they May be used. Unrestri¢ted funds are those where there ar¢ no
externally irnposed restrictions and are available for use at the discretion of the Trustees for
expenditure on its objects or app￿pILated to [c￿¢S for intemally designated purposes.
(r) Investments
Investments are stated al purchase price and then r￿alUed at mid-market price at the fman¢ial
year ended 31 Dec¢rnber 2024 stat¢ments issued by CCLA.
Page 10 of 14
The Cantelbury Pl1￿[mS Boat Club

THE CANTERBURY PtLGIUMS BOAT CLUB
Charitable IncoEpornted Ooalaisation Reg No. 1175543
Notes to the Financial Statements for the Year ended 3 1st December 2024 - continued
2024 (£)
2023 £
Unrestritted
Restrieted Totsl
Donatlons and legacies
Donations
HMRC Gift Aid
2.091
537 2.629
1.807
670.41
2.478
2,091
537 2.629
Charitable aetiiTrtie5
Sales of merchalldise
Book sales
Investment Income
Income from Investments
less.. Debenture amortisation
661
-1,127
466
735 1,396
-1,127
269
1.377
-1.127
250
735
Other fincom¢
LRC Dinner receip
Sundry
Raisin2 fund5
Cosl of KSCBC History
Charit&ble actlTr4des
Grants
Depreciation
Westbere Lakes
Other expendlture
Public Itabiliry insurAnce
British Rowing affiliation
Henley Catrring / Badges
Cost of postage of stock
108
300
450
108
300
450
201
204
858
858
404
Nat Incomlng Resources for the Year
Depreciab'on
2024
2023
No Truste8 recerved any emoluments in the year {2024'. £Nil)
No Trustee reGeNed any expénses in year (2024.. £Nil)
Page 11 of 14
The Cantert)ury Pilg11n￿ Boat Club

THE CANfERBURY PILGIUMS BOAT CLUB
Chaiitabk In¢orpordted Organi4ation Re8. No. 1175543
Notes to the Financial Ststsments for the Year ended 31st Dvember 2024- continued
10 Tanglblo Flxad Assets
Cost
At 1st January 2024
Additions
At 31st DeceM1￿r 2024
Depreclatlon
At 1st January 2024
Charge for the year
At 31st December 2024
Not Book Value
At 31st December 2024
At 1st January 2024
11 Fixed Asset Investments
Market value as at 1st January 2024
Plus-. Additions
Plus.. Reinvestment$
Plus.. GainllLoss) on revaluation
Less.. Sales
Less: Amortisation
Market valuo at end of yoar
1133
1127
58,062
12 Merchandlse
Value at beginning of year
Plus.. Add￿OnS
Less: Sales
Total
Merchandise is valued at cost
1.784
1,784
13 Debtors
HMRC Gift Ahl Rec8lvabl8
Total
Unrestricted Restrlcted Total
Page 12 of 14
The Cantetbury Pl1￿]m5 Boat Club

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