**REGISTERED COMPANY NUMBER: CE014109 (England and Wales) REGISTERED CHARITY NUMBER: 1178400**
**Report of the Trustees and**
**Financial Statements for the Year Ended 31st August 2020**
**for Henley Rowing Club**
Buffery & Co Ltd 2 West Street Henley On Thames Oxfordshire RG9 2DU
**Henley Rowing Club**
## **Contents of the Financial Statements for the Year Ended 31st August 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Cash Flow Statement**|6|
|**Notes to the Cash Flow Statement**|7|
|**Notes to the Financial Statements**|8 to 14|
|**Detailed Statement of Financial Activities**|15 to 16|
**Henley Rowing Club (Registered number: CE014109)**
## **Report of the Trustees**
## **for the Year Ended 31st August 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The Charity's objectives are:
The promotion of community participation in healthy recreation in particular by the provision of community participation in healthy recreation in particular by the provision of facilities for rowing, sculling and other sports (facilities means land, buildings, equipment and organizing sporting activities).
Providing and assisting in providing facilities for sport, recreation or other leisure time occupation of such persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Charitable activities**
Henley Rowing Club (HRC) is one of the oldest rowing clubs in the country, having been founded in 1839. It became a Charitable Incorporated Organisation on September 1,2018. HRC is a successful, community-focused club, open to all, based in Henley on Thames. The club's 350 members are aged from 13 to 90, with a wide range of ability and ambition. The junior section of the club, including both boys and girls, has been particularly successful over recent years at local, national and international levels (see www.henleyrowingclub.co.uk).
Club facilities include a wide range of boats for all levels of ability and a well-equipped gym, enabling year-round training for all members. Inclusivity is at the heart of the club's ethos and the club offers learn-to-row courses every year for junior and adult beginners, as well as facilitating rowing, sculling and land training for several local schools.
Recognising that for some people cost is a barrier to our sport, the Charity is committed to removing or reducing such barriers by generating income via means other than subscriptions and fees and by offering support through the Supporters Fund when appropriate.
HRC is an active supporter and member of British Rowing, and is run entirely by an enthusiastic team of volunteers.
## **Financial review**
## **Financial position**
The financial position of Henley Rowing Club remained strong through the Covid-19 environment of 2019-20 due to the commitment and strength of our membership and the continued income from membership fees. The Club also benefited from a Local Authority Covid grant. The Club's cash reserves were depleted in recent years, but the Club was on target to reach our target of £50,000 at the end of the 2019/20 season until the lockdown due to Covid.
The Club continues to invest in the fleet and rowing equipment, with the net value of the fleet increasing by £8700 after depreciation. This investment is part of a long term plan to ensure the quality of the fleet matches the quality of the coaching and athletes and allows the squads to achieve their potential.
The activities of our associated trading company, Henley Rowing Club Trading Limited, were restricted this year due to Covid-19. Activities usually include two head races, learn to row courses and a number of visiting athletes throughout the year, the majority of which were cancelled this year. Limited activity during the autumn and summer when Government lockdown provisions allowed, generated sufficient profit to allow a donation of £6,360 to be made to the Club in 2019-20.
Overall, the Club has seen the unrestricted funds increase by 21,800 during this year.
Page 1
**Henley Rowing Club (Registered number: CE014109)**
## **Report of the Trustees**
## **for the Year Ended 31st August 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisational structure**
Club governance
The club is a volunteer led organisation managed by a committee consisting of the trustees elected by members and a Captain (non- trustee) also elected by members in accordance with the constitution and club bye-laws. Co-opted roles of Welfare, Membership and Safety also feed into the managing committee together with other ad hoc positions as required.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
CE014109 (England and Wales)
**Registered Charity number** 1178400
## **Registered office**
Henley Rowing Club Wargrave Road Henley-on-Thames Oxfordshire RG9 3JD
## **Trustees**
B Redman F D Goodwin H Turnell M Hall N E C Mead N Hillyer (resigned 17.1.20) L Clarke (appointed 30.7.20)
## **Company Secretary**
M Hall
## **Independent Examiner**
Mark Buffery FCA (ICAEW) Buffery & Co Ltd 2 West Street Henley On Thames Oxfordshire RG9 2DU
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 1st June 2021 and signed on the board's behalf by:
B Redman - Trustee
Page 2
**Independent Examiner's Report to the Trustees of**
**Henley Rowing Club (Registered number: CE014109)**
## **Independent examiner's report to the trustees of Henley Rowing Club ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Buffery FCA (ICAEW) Buffery & Co Ltd 2 West Street Henley On Thames Oxfordshire RG9 2DU
1st June 2021
Page 3
**Henley Rowing Club**
## **Statement of Financial Activities**
## **for the Year Ended 31st August 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Miscellaneous
Other trading activities
3
Other income
**Total**
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
5
Other trading activities
6
**Charitable activities**
7
Administration
Facility
Rowing
Miscellaneous
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Year Ended
31.8.20
Unrestricted
fund
£
9,964
25,000
161,582
950
197,496
508
45,965
46,473
48,525
-
72,756
7,918
175,672
21,824
1,019,355
1,041,179|Period
16.5.18
to
31.8.19
Total
funds
£
94,012
-
161,543
10,595
266,150
75
63,621
63,696
31,432
33,463
2,250
68,678
199,519
66,631
952,724
1,019,355|
|---|---|---|
The notes form part of these financial statements
Page 4
**Henley Rowing Club (Registered number: CE014109)**
## **Balance Sheet**
## **31st August 2020**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Stocks
13
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|31.8.20
Unrestricted
fund
£
993,179
-
23,148
54,787
77,935
(29,935)
48,000
1,041,179
1,041,179
1,041,179
1,041,179|31.8.19
Total
funds
£
982,514
320
850
67,569
68,739
(31,898)
36,841
1,019,355
1,019,355
1,019,355
1,019,355|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2020 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 1st June 2021 and were signed on its behalf by:
B Redman - Trustee
The notes form part of these financial statements
Page 5
**Henley Rowing Club**
## **Cash Flow Statement**
|**for the Year Ended 31st August 2020**
Year Ended
31.8.20
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
101,640
Net cash provided by operating activities
101,640
**Cash flows from investing activities**
Purchase of tangible fixed assets
(83,422)
Sale of tangible fixed assets
950
Net cash used in investing activities
(82,472)
**Cash flows from financing activities**
New loans in year
2,250
Loan repayments in year
(15,000)
Trading Company
(19,200)
Net cash (used in)/provided by financing activities
(31,950)
**Change in cash and cash equivalents in**
**the reporting period**
(12,782)
**Cash and cash equivalents at the**
**beginning of the reporting period**
67,569
**Cash and cash equivalents at the end of**
**the reporting period**
54,787|Period
16.5.18
to
31.8.19
£
182,756
182,756
(140,782)
10,595
(130,187)
15,000
-
-
15,000
67,569
-
67,569|
|---|---|
The notes form part of these financial statements
Page 6
**Henley Rowing Club**
## **Notes to the Cash Flow Statement**
## **for the Year Ended 31st August 2020**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Year Ended
31.8.20
£
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
21,824
**Adjustments for:**
Depreciation charges
72,756
Profit on disposal of fixed assets
(950)
Cash & equivalent on transfer of trade
-
Decrease/(increase) in stocks
320
Increase in debtors
(3,097)
Increase in creditors
10,787
**Net cash provided by operations**
101,640|Period
16.5.18
to
31.8.19
£
66,631
68,678
(10,595)
42,314
(320)
(850)
16,898
182,756|
|---|---|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.9.19|Cash flow|At 31.8.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|67,569|(12,782)|54,787|
||67,569|(12,782)|54,787|
|**Debt**||||
|Debts falling due within 1 year|(15,000)|12,750|(2,250)|
||(15,000)|12,750|(2,250)|
|**Total**|52,569|(32)|52,537|
The notes form part of these financial statements
Page 7
**Henley Rowing Club**
**Notes to the Financial Statements**
## **for the Year Ended 31st August 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Nil rate of depn Rowing Equipment - Straight line over 14 years Gym Equipment - 20% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 8
**Henley Rowing Club**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **2. DONATIONS AND LEGACIES**
|Year Ended
31.8.20
£
Donation from Trading Company
6,361
Fundraising
3,603
9,964
**3.**
**OTHER TRADING ACTIVITIES**
Year Ended
31.8.20
£
Membership Fees
111,456
Rack Fees
27,184
Members Insurance
4,332
HRR Car Park and Camping
-
Kit Sales
8,654
Equipment Rental
750
Camps and Coaching for members
1,258
Venue Income
7,948
161,582
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Year Ended
31.8.20
Activity
£
Grants
Miscellaneous
25,000
**5.**
**RAISING DONATIONS AND LEGACIES**
Year Ended
31.8.20
£
Fundraising Expenditure
508|Period
16.5.18
to
31.8.19
£
68,976
25,036
94,012
Period
16.5.18
to
31.8.19
£
102,287
25,289
4,570
10,390
1,054
90
6,400
11,463
161,543
Period
16.5.18
to
31.8.19
£
-
Period
16.5.18
to
31.8.19
£
75|
|---|---|
continued...
Page 9
**Henley Rowing Club**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **6. OTHER TRADING ACTIVITIES**
|Year Ended
31.8.20
£
Hire of plant and machinery
-
Licensing
2,736
Boat & Oar Maintenance
6,941
Ergo Maintenance
2,672
Miscellaneous Rowing Items
1,026
Learn to Row Coaching Costs
1,301
Hall Hire
4,904
Vehicle Hire, Fuel and Ferries
-
Coaches Training and Courses
1,427
Player Payments
2,000
Members Coaching Costs
5,346
Trailer Maintenance
35
Seat Fees (HRR Crews)
-
Kit Purchase
8,533
Launch Maintenance
2,304
Venue Expenditure
6,740
45,965
**7.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 8)
£
£
Administration
150
48,375
Rowing
-
72,756
Miscellaneous
-
7,918
150
129,049
**8.**
**SUPPORT COSTS**
Management
Finance
£
£
Administration
44,839
3,536
Rowing
72,756
-
Miscellaneous
7,932
(14)
125,527
3,522|Period
16.5.18
to
31.8.19
£
100
6,498
19,453
2,700
979
4,852
503
90
2,332
3,000
6,182
645
2,261
1,338
1,149
11,539
63,621
Totals
£
48,525
72,756
7,918
129,199
Totals
£
48,375
72,756
7,918
129,049|
|---|---|
continued...
Page 10
**Henley Rowing Club**
**Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|||Period|
|---|---|---|
|||16.5.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|Depreciation - owned assets|72,757|68,677|
|Hire of plant and machinery|-|100|
|Other operating leases|7,932|7,932|
|Surplus on disposal of fixed assets|(950)|(10,595)|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st August 2020 nor for the period ended 31st August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st August 2020 nor for the period ended 31st August 2019.
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Other income
**Total**
**EXPENDITURE ON**
**Raising funds**
Raising donations and legacies
Other trading activities
**Charitable activities**
Administration
Facility
Rowing
Miscellaneous
**Total**
**NET INCOME**|Unrestricted
fund
£
94,012
161,543
10,595
266,150
75
63,621
63,696
31,432
33,463
2,250
68,678
199,519
66,631|
|---|---|
continued...
Page 11
**Henley Rowing Club**
**Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
952,724
1,019,355|
|---|---|
## **12. TANGIBLE FIXED ASSETS**
|Improvements
to
Rowing
property
Equipment
£
£
**COST**
At 1st September 2019
578,003
1,073,335
Additions
-
78,503
At 31st August 2020
578,003
1,151,838
**DEPRECIATION**
At 1st September 2019
-
673,557
Charge for year
-
69,771
At 31st August 2020
-
743,328
**NET BOOK VALUE**
At 31st August 2020
578,003
408,510
At 31st August 2019
578,003
399,778
**13.**
**STOCKS**
Stocks
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Amounts owed by group undertakings|Gym
Equipment
£
42,465
4,919
47,384
37,732
2,986
40,718
6,666
4,733
31.8.20
£
-
31.8.20
£
3,947
19,201
23,148|Totals
£
1,693,803
83,422
1,777,225
711,289
72,757
784,046
993,179
982,514
31.8.19
£
320
31.8.19
£
850
-
850|
|---|---|---|
continued...
Page 12
**Henley Rowing Club**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other loans (see note 16)
Trade creditors
Deferred Income
Deferred Donation
**16.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Loan from Trustee
**17.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.19
£
1,019,355
1,019,355
Incoming
resources
£
197,496
197,496
At
16.5.18
£
952,724
952,724||31.8.20
£
2,250
5,094
14,000
8,591
29,935
31.8.20
£
2,250
Net
movement
in funds
£
21,824
21,824
Resources
expended
£
(175,672)
(175,672)
Net
movement
in funds
£
66,631
66,631|31.8.19
£
15,000
865
16,033
-
31,898
31.8.19
£
15,000
At
31.8.20
£
1,041,179
1,041,179
Movement
in funds
£
21,824
21,824
At
31.8.19
£
1,019,355
1,019,355|
|---|---|---|---|---|
||||||
||||||
continued...
Page 13
**Henley Rowing Club**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st August 2020**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
266,150
266,150|Resources
Movement
expended
in funds
£
£
(199,519)
66,631
(199,519)
66,631|
|---|---|---|
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st August 2020.
Page 14
**Henley Rowing Club**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31st August 2020**
|||Period|
|---|---|---|
|||16.5.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donation from Trading Company|6,361|68,976|
|Fundraising|3,603|25,036|
||9,964|94,012|
|**Other trading activities**|||
|Membership Fees|111,456|102,287|
|Rack Fees|27,184|25,289|
|Members Insurance|4,332|4,570|
|HRR Car Park and Camping|-|10,390|
|Kit Sales|8,654|1,054|
|Equipment Rental|750|90|
|Camps and Coaching for members|1,258|6,400|
|Venue Income|7,948|11,463|
||161,582|161,543|
|**Charitable activities**|||
|Grants|25,000|-|
|**Other income**|||
|Gain on sale of tangible fixed assets|950|10,595|
|**Total incoming resources**|197,496|266,150|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising Expenditure|508|75|
|**Other trading activities**|||
|Hire of plant and machinery|-|100|
|Licensing|2,736|6,498|
|Boat & Oar Maintenance|6,941|19,453|
|Ergo Maintenance|2,672|2,700|
|Miscellaneous Rowing Items|1,026|979|
|Learn to Row Coaching Costs|1,301|4,852|
|Hall Hire|4,904|503|
|Vehicle Hire, Fuel and Ferries|-|90|
|Coaches Training and Courses|1,427|2,332|
|Player Payments|2,000|3,000|
|Members Coaching Costs|5,346|6,182|
|Trailer Maintenance|35|645|
|Carried forward|28,388|47,334|
This page does not form part of the statutory financial statements
Page 15
**Henley Rowing Club**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31st August 2020**
|||Period|
|---|---|---|
|||16.5.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|**Other trading activities**|||
|Brought forward|28,388|47,334|
|Seat Fees (HRR Crews)|-|2,261|
|Kit Purchase|8,533|1,338|
|Launch Maintenance|2,304|1,149|
|Venue Expenditure|6,740|11,539|
||45,965|63,621|
|**Charitable activities**|||
|Postage and stationery|150|-|
|Bad Debt Provision|-|2,250|
||150|2,250|
|**Support costs**|||
|**Management**|||
|Other operating leases|7,932|7,932|
|Rates and water|1,668|2,531|
|Insurance|19,250|17,388|
|Light and heat|4,092|6,502|
|Telephone & Broadband|998|968|
|Waste Disposal|3,027|3,767|
|Servicing|490|315|
|Cleaning & Hygiene|5,887|8,567|
|Repairs & Maintenance|3,168|5,595|
|Land Maintenance|-|1,263|
|Building Improvements|750|3,955|
|General Administration Costs|805|638|
|Accountancy Fees|3,780|2,280|
|Other Professional Fees|924|2,328|
|Hardship Payments|-|100|
|Charitable Donations|-|75|
|Rowing Equipment Depreciation|69,771|65,600|
|Gym Equipment Depreciation|2,985|3,078|
||125,527|132,882|
|**Finance**|||
|Bank charges / Barclaycard fee|3,522|691|
|Total resources expended|175,672|199,519|
|**Net income**|21,824|66,631|
This page does not form part of the statutory financial statements
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