REGISTERED COMPANY NUIMBER= CE0141(19 IEThg]attd2nd W#ltsl REGISTERED CHARITY NVI¥IBEK. 1178400 Re •Yi •f theTru eos and ro thÈY Ar ded IstA st 2021 HeDIc Rowln lub Bknffery & Co Lid 2 Wesi Sireet Henley On Tham¢s OKfoTdsbite RG9 2DU 5 ofthe FknBnrial Slglom nded 31 t for thE PA8e Reportofthe Trnst¢E5 1 10 2 Indepelldtryt Exqrnlner'g Rcport ststtment OfFi￿*￿tI&l Actlvitie5 B#lAn¢e Sheet Ca¥h Flow Statem¢*t Noies to Ih¢Ca5h FJowSt4toment Notes to th¢ Fi￿4￿¢1￿1 Stat￿[￿ents betailed SratemeDt TrfRTran¢i*l A¢tiYhles win umbor: rt of tht Trusttes ust Intsiees ivho ar¢ also direc(￿5 of th¢ eharity for Ihe puyposes of the Companies A¢1 2006. pres¢ni their yeport Ihe financi￿ statsments of the charity for the year ended 315t Allgu5É 2021. The trwtees have adopted die proYi5i0ns of Accounting and Reporting by Chariiie5.' Slatem¢ni or R¢commend¢d knciice applicablc to chatrii¢s pr¢parinÈ Ili¢ir a¢eoun¢s in g¢¢ordan¢¢ will) th¢ Finan¢ial Reporting Standard appliuble in th¢ UK d Rcpublic of Ircland IFRS 1021 l¢ffcctivc l January 20191. OBJEcfIvES AND AcfiviTIES Obje¢lÉvu aim$ The Charli￿$ obi¢ctive5 ar¢.. The promotion of community PDrticipaiion in heolthy recreBtion ill P2rti¢u18r by the pmvision of community participation in healthy ￿GreBtlon in parti¢ular by the provision of fa¢iliii¢s for rowin& s¢ulling and oth¢r sports Ifaciliii¢s means land. buildin¥. equipm¢nt and or8aniziii8 sporting aciiviliesl. Providing and ossi51ing in prov¢ding fa¢iliti¢s for sport r¢¢r¢a¢ion or ￿h¢r lcisure iimt ￿¢Up4110n ofsu¢h persons who hAv¢ n¢¢d of5uch fa¢ilii¢cs by rcasDn of th¢iF youth. agc, infilmily or disablttntnl, povrtiy or so¢ial and cconomic cirruin51anc¢s or for Ihe public ai in th¢ illi¢Tcsls of )cial welfare with Ilie obiecl of improving ihe conditions oflife. srRATEGIC REPORT Achieverntnl perf•rm*ntt Hcnl¢y Roiving Club IHRCI is one of Ihc oldcsi rowing ¢lubs in Ihc ¢ouniry. having bwn foundcd in 1839. It becamc a Charitable Incorpoi8i¢d Or8ani5alion on Scplcmbcr 1,2018. HRC ￿ a suCc￿$ful, ￿MmUnity-fo¢US¢d ¢lub, op¢n 10 all. b￿¢d in Htnley on ThanKs. Th¢ ¢lub'$ 450 ￿e￿berS Bre aged from 13 10 90. Wllh a ivide range of ability and ambition. Mie juniot seciion ofilie club, includin8 boll) boys ano girls, been particularly su¢¢¢ssful ov¢r r¢¢¢ni y¢8TS ai lo¢al. nallODai and intemational l¢v¢l$15e¢ MMv.li¢nleyroiYinBclyb.co.ukl. Club faciliiies iiicludc a wide ranBC of boals for all levels ol ability and a iyell*q￿1PPed sym, enablin8 y¢ar-rvund training foi all mErnbcr5. Inelusivity is at Ehe heart ofilie club's e11105 and ilie club offers learn4o•row ¢ours¢5 every year for junior an¢J adult be8innets, as Mrll as f#ciliiaiin8 roiving, s¢vlling and180d training forsevernl local sehools. Reco8nisingihaE Tor some people cosi 15 a barrier to our 5POrt. Ihe Charity is ¢omfflitted lo removing or reduciThg such ba￿1¢[5 by WCTaling income via meaDS oiher than subscriptions and fees and by otTerin8suwoft thTOU8h the Supporters Fund when appropriaie. HRC is on xlive sllpporter Bnd memberof Bri115h R¢)win& and is ent￿elY byan enth￿l¥ticI¢aM ofvolunteers. FÉllHnciil revieiy The fill￿¢111 position of Hcnl¢y Roiying Club remain¢d strong ihTOU8h lh¢ Covid-19 ¢nvironm¢nt of 2020-21 du¢ 10 the commith￿l and sirtngth of our membersliTP and t1￿ conliniied income frorn niembcrship fee5. As a ¢ons¢quen¢¢ orth¢ un¢¢rtainiits 8¢n¢[a￿d by ihe pand¢mi¢ lh¢ Trus￿¢5 prioYiiis¢d (*sur¢ng Ihc financial security of lh¢ ¢lub and i￿)k the deGlSlOn llOI to InV¢s1 in Ilie fleet tlii5 financial year. The pIani￿d investllient in ihe premises ivas also deferred. lliis approadi led ￿ an increB5e in tlie Clllb's current assets from £48.IXIO 10 £137,691 during the year, allowing tlie TIusiees io look EO ihe fuiure witli confideTrce in its ability io reium 10 the long ierni in¥esth*ni plan fvom 2021n2. The aetiVili¢5 of our &Eso¢ia¢¢d IradinB eompllny. H¢nley Rowin8 Club Trading Limii¢O. w¢ie p8rtially rcstricied ili¥ ycar du¢ ￿ Covid-19. How¢ver, le8m 10 row ¢outst$ and summer camps wert able to operate plus th¢ tlub had % numbtr of ¥isiling alh1¢￿5 over Ihc summer month5. addition, income from car p￿kIng and ¢anTrpin8 during the Henley Royal Regatta piovidtd a good level of income. This a¢tivily, generated $ufficieni profit io ollow a donation of £40.000 to bc made to the Clllb in 2020-21. Overall, the Club h*$ stEll the unitsiricied funds increase by £34,566 during thi$ yttT. STRucfuRE. COVERiYANCE AND ￿lANAGEMENr Goyernlng 41ocumont The ¢liarily is ¢ontroll¢d by its gov¢ming document. a Iked of tsusi, and ¢onlliiuks a limi￿1 company. limit¢d by guaranto as defined by the Companie5 Act2006. Or8ADIS*ITOJIAI Slrutiurt Club govern3ll¢e The club is & volunteer led organisaiion managtd by a commiiiec ¢onsi#ing ofih¢ trust¢¢5 elccicd by memb¢rs and a Capiain (non- Iruslccl als cltdrd by t￿¢￿bE[S in aGrordanrE iyilh IhE consliiulion and club bye-laws. Cowed roles of Welfar4 Membership and Safely atSL¥ feed into th¢ anaging cornmillec logellicr with olher 3d lioc posiiions ￿ required. REFERENCE AND ADMINISTRATIVE DETAJIS RoglSlo￿d Compimy iillmbÈr CE014109 IEngland and Wales) Rtgl$t¢red Charity n4mbtr 1178400 PaEe I Indo Henlc ndent EAaminer'S Re ort to rht Tru51ee5 of Roivill c[￿b istored numbtr.. CKQ14109 Ind£pcnd¢nt cxAJTriTrcr's rq)ort to the tru5tccs HcnlcyRoiVingCl￿b I'thc c￿mpany) I report io the thtitiiy tntsiecson tnyexllmination oftheaccount5 ofthe Compauy for thEyearen(kd JlslAugy5t 2021. ResponslblU¢ies b45ts 0(rewrl A5 Charitys trU￿ge5 of ihe Ci>mpany IAnd Also its diTeciors for the pvrposes of company 18wI you re5pon5ible for ihe preparniion of Ihe z¢¢ounL% in acwrdarte wilh th¢ ￿quireTneDtS ofiheCoTnpaniesArl 2006 Cih¢ 2WAA¢l'l. Having sRtisfied myself that the Accounts of the Company noi Yequircd to be JudI￿d undcr Pnrl 16 of 2006 Aci and ure eligible for lndc[￿dCffl ¢xamiDaiion, I repon in )￿pC(l of rny cxamination ofyouT choriiy's accounts a5 carried und¢r 5¢ciion 145 ofthc Charili¢s Aci 2011 Cthc 2011 Act'l. In cllrrying oul my ¢AaminatioTr 5 liivc followcd Ill? DireriiDn5 givcn by the Charity CDmrni55iQP UDdvr 5￿tion 145151 Ibl Df Ihe 2011 Acl. Indcpendtnl exHrnlDor'$ 5tHterncTr I hav¢ ¢ompl¢t¢d my exa5nin#tion. T ¢oDfiFTn tha¢ mailers rny ￿tention in conne¢tiOD With the ¢xanJiToti¢n me bElievo-. Dc¢ouniin8 record5 were noi kept in rcspeciofihe Company ll5 rcquired by scciion 386ofihc 2W6 Aci.. or Ihc a¢¢oyD15 do not accord willi ih95¢ rccord5'. or Iht aCCOunis do not comply ivilh ihe ac¢ouniirtg rtqlliremtnis of s¢ciion 396 oftl* 2006 Aei oiher 1118n atty requirem￿¢ thai ihe ErtcounLS give a Irucind fatrvieiv which is noi a maiterconsidcrcd as partofan ind¢penthni exarninaiion., or the accounLS have noi bBen prepared in R¢cordAnc¢ iviih Ihe tlleihods and priNcip1¢5 Qr Ihe Siaiemem ¢f Re¢ommtnded PrncDt¢ fmmill?ng ihc ch?rity to that eX￿nd1￿￿ il is pmbuble thHI 8 ttansfer ofeconomic b¢nBfits will be requircd in setileinent and the amount of tlie obligaiiw ran bp measured roliably. Expcndityrc is accountcd for on an acerua15 basis ond has bccft classified under hcadin¥ Ih41 aggrcsaic all efft rolatcd to thc cates'ory. Wherc COSL% ¢annoi be ditECtly attribuicd io partleular hrAdin85 they havÈ bE¢n alloCa￿d ￿ ACtiviti¢5 on o basis erjnsisiertl wilh ihe use or Tanglblt tExed 2SStts Depreeiation is provid￿1)tthe folh>wingatsttu&l Tal￿7n0rderlo ￿￿tC off eachassei overitse$iim3ted ￿￿er¥I lif ITnprovernents toproperty RowiRgEquipmtt Gym Equiprncni Nil r*Leofde Strdighi lineover 14 years 20%on cost T*x811o Thechi1ri1y 1$ exempi fromcotporawn ￿ on itscknritablr arijvjij¢& Unt#tri¢lvJ funL14can i￿N$¢d in accoYdBn¢t with th¢thoriiablo obj0th1￿￿￿ th¢d￿lty￿ oft￿lrUStecS. Restricted fund5 only be u$Èd for paN￿ul￿r Yesknct¢d pvwscs within the obje￿5 of the ¢h&tily. Re5tri¢tions arise spetifiEd by thp donororwhth fund5 areTaised for panKUIarrc￿riCthd putpwcs. Fudh¢T¢xplanlltiartofth¢patur¢and purposeof ¢d¢h i¥ included in the iJur¢s ty the finÈncio1 stst￿nen15. Hire PUTcbase and leising conbntitmeTris Renthls paid llndEroperating iea$e$ urethHr8ed to lh¢ St&l¢rn¢rtof Financial A¢iiYili¢son ll Stsaight liN¢ ba515 over ihc period ofthe kn5¢. DONATLOIYSAND LECACIES 31S.20 DonlltioD from Tradingcoznpany Fundraising 40,fA12 1,074 3,603 41,076 9.964 OTHER TRADINC AcfivITIES 31.8.21 31.8.20 Memb¢r5hip Fees 8ck Fees Nlcrnbcrs In$wJncc KitS4les Eqllipmeni Rental Campsand Coaching farmembers Venuekn¢DmE Storase 104,781 27145 3,297 4.624 27.184 4.332 8,654 750 1,25¥ 7.948 8.020 4J76 152.943 161582 Pa8c 8 coniinued. H I Ro￿￿ lub Iyotos t tbe FI￿*￿¢1#] statèn￿LtS- ctstttln lotlht Ytsr End￿31stA st 2fj21 INCOMÉ FROM CHARITABLE ACTIVITIES 31.R.20 Gran15 Mi5cellAtteous 15,357 25,000 RAISING DONATION5 AND LEGACIES 31.8.20 Fvndrni$ing &Yppndi￿re 308 OTHER TRADING ACTIVITI 31.8.?0 censiiig Boat & Oarmainiernncc ErgD Mainlcnance Misccll8llcous Rowirtg Ileitis io RowCoEehingCosis Hall Hir¢ Coachc5TrtiningandCour5e5 Player Payments M¢mbers CoachinbC¢sts TrJil¢r Maini¢nJnce S¢JtFÈes IHRRCrÈwsl Kit Puychosc Launch Maintenance Vcnuc Ex￿di￿uTc Boaihire 7,386 2.736 6,941 2,672 .026 1.046 229 4,904 1.427 2,000 597 8.240 372 2,644 5.635 1.654 35 8,533 2,304 6,740 4,050 50,916 45,965 CHARITABLEACTIVITIES COSTS Support costs Ise¢ notc 81 Direci Tots15 Miscell8nÈtsuS 83 124.093 SUPPORT COSTS MpnageTnenl Finance miscellan￿us 12(k,933 2,927 150 124,010 NET INCOMEI(EXPENDITVREI N¢1 inGomel(¢xpendi%urcl is Staicd aftcreharyinWlcrcdi¢in¥l.' 31.821 Depr¢¢iation- E5sd5 (JhtropÈraiin# le85¢5 (Deficiillsuwlus ort diSPOs81 Of fixrda$5rL 52,701 9.348 8,478 72.757 7,932 19501 TRUSTEES, REMUNERATION AND BENIFITS Thcr¢ wcrc no irusiecs. remunttotion ttothtrb¢ncfits fortheyeotcnded31si Au&tyst 2021 rtorfortht ycorertded31st Augu￿2020. Truslee5' expeTr5es Thcrcwcrcno truStces'cxpcrk%(s paid f¢riho yeater￿Qd31st Augknsi 2021 th)[ fortheyoarcnded 31#AuguXI 2020. Page toniinued... Hethl Cl# Dtcs io thè FinB IheYEar Inuod 31si COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES unreRlrie￿d fvnd INCOME AND EIYDOWMENTS FROM Dcthtion5 and l¢gaEjc5 9.964 MI￿ellanc0￿5 25,( Othertydin8 aC￿Vill¢S Otherirt¢ome 950 Total 197,496 KXPENDITUREON fun05 Raisin¥don￿lWtsdn￿ Icgxi¢5 OUierlradiD8 activities 45,965 46,473 ChiTltJbl¢ ttftiyi￿ Administration Rowin8 MkvllaneD 48525 72,756 TotHI 175.672 NET INCOME 21.824 RECONCILIATION OF IIUNDS Total funds browghl forward TOTAL FUNDS CARRIED FORWARD 1.041.179 Jz. TANCIYLE FIXEDASSETS Im￿0Vem¢￿ts io propEty Rowing Eqwpment Gyrn Equ(pmeni rotals COST At Isisepttm￿r202a AddiiM>ns Di5po¥als 578.003 47,384 2,619 1.777,225 6,255 19,9441 3,636 19.9441 Al 31stAugus12021 578.003 50.W3 1,773J36 DEPRECIATION At Isl SepiembEr2020 Charg¢ foryear Eliminaitd ondisposal 743.328 50.194 112651 40.718 2.507 784,046 52,701 At315tAu￿s¢ 2021 792.257 43,225 ¥35,482 NET BOOK VALUE At 3]￿ Augusi2021 578,W3 353273 6,778 938,054 At 31M Au8knSI2020 578,IX)3 408,510 6￿66 993,179 Page 10 oniinued... Henley RLbwln Club NDIc5 tfj the FinaTrciAI StAiements-¢ontinlled 21121 DEIITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 31.8.20 Ttad¢d¢biTrJs Amollmts owedby #roupundtrt￿i￿S$ Otherdebiors 3,947 32.707 4,858 57,565 23,148 CREDITORS- AMOUNTS FALLINC DVtWlTHIN ONE YEAR 31%.20 Otlicr (see iiotc I TTrdvci¢dilors Dcfcrrcd Income Dcfelled Donation IrtSiTicied forThamesneld and SlewardsTn￿) 2,250 2,250 5.094 14.IMkD 8.591 25,695 36,536 29,935 LOANS AnJDthlygls ofthÈJDaturity of i$Bivenbeiow'. 31.8.21 31.8.20 AmouDts ftsllins dut withiD On¢￿￿[0￿ dEmand.. Loon from Trusice 2250 1250 MOVEMENT IN FUNDS Nei movcmBHI ID fund5 At At 1.9.20 Unrtttrlctod funds GcKTrl fund 34,567 I￿75,740 TOTAL FUNDS 34,567 1,075,746 I mtsv¢mcni im futt(L%, intludcd in th0￿0VC1￿ as follows.. Incorning rc4ource5 Re50urtts pend¢d Movement in funds UnrEstTidrd funds Gcnerdl fund 209,576 1175,0091 J4567 TOTAL 209J76 1175.0091 34.567 CompArlltive5 for mov¢TheTrt fNTrd5 Ner movement ln Ai 31.8.20 Ai 1.9.19 Vnresirfeled I￿ndS C￿neral fund 21,824 TOTAL FUNDS 21.824 PAge 11 Ntstos io th Fnanci*l Sta¢emeDI for they 31$1 A i& MOVEMENT IN FUNDS+thlntlTrued Comp2Yativ¢ net move￿en1 in ful￿ included in th¢a￿ve LTe as follow& Iiicoming t¢50urces R￿ourceS eApendcd Movtsnent irt funds UDre$tTicltd fuDds Gcncral fund 197.496 (175,6721 21124 TOTAL FUNDS 197,496 21,824 A curreng yeai 12monih5 8Jdpriory¢ar 12 nvJnthscombi]*O pJ5ilionis as follow%'. Nei movement in funds Ai Ai 1.9.19 U￿resIr1¢1￿d thnds G¢nctal fynd 5A391 1.075,746 TOTAL FUNDS 56J91 1.tr15.746 A c¥rrtntyear12 months I￿j prioryear 12 month$¢ombined netmOV¢5n¢nt in funds, incl￿ed Ih¢above8R as foll•w5.' R¢5oiirtts ÈXPÈ￿¢0 MoveTh¢ni irt fvna5 r*ources Ullrostricttd f¥nd$ G¢nernl fvnd 407,073 5(391 TOTAL FUNDS 407,072 56.391 17. RELATED PARTY DISCLOSURES There rda*d party lT¥ll￿￿10nS forihe ytarendEd 31si Au8USt I￿￿1. Poge 12 Htnl Rowltt Club ffjrtho YoArEndcd 31st Au Jl.8.21 31.8.20 INCOME AND ENDOWMENTS Donxtlo￿5 3nd Icgacie5 Donaiiort fromTrndirtgComparty Fundrnising 40,OQ2 6J61 3,603 41.076 9.964 Other ¢rJdlTrg a¢llvlllos Membership Fee5 Ra¢k Fcc$ Mcmbcts lrt%urnnce Kil SalLs Equiprneni R¢niJl CaTllps 4ndCoJ¢hinB foFrn¢mE¢r5 Vcnuc Ineome Sior4ge 104.781 27845 3.297 4.624 27,184 4J32 750 1258 7,948 8.020 4.376 152,943 Charftable actfv511c5 Grdnis 15J57 25.WO fjAitt on sole ofian8ibk fixed assets 200 950 Tolgl IncLbmiTrg resoune5 197,496 EXPENDITURE RAtsingd•nutlPn$ tsnd I¢EA¢i¢S Fundrdi$ing Exp¢rtdiiurC 508 Other Iradin&wcll￿17c5 7J86 2.736 6,941 2,672 1,026 Boai& 02rMlin￿ttartct Er￿￿ Mainienance Mi5celknn¢ous Rowing IIBms L￿[￿ IDRow Co8¢hingCosls H&ll Hite Couches Trdiningund Cour6¢5 Playw Payni¢Dt5 Membets Cthqching Cosis TrailerM2inicnancc Se* Fce5 IHRR Crew51 Kil Purclw¢ 1.046 229 951 3.214 597 4,904 1,427 2,000 3,346 35 8,240 372 2,644 5,(Tr35 8,533 2.304 6.740 Venue Expendiluie Boat hire 4,050 50,916 45.965 rllAbl*A¢llvltles Postogeand5Uliionery 83 150 Maiiagomenl Oiherowraiing leases Ra￿$ andwalcr Insuranc Lighland hEat Telephone & Bmadband Wasie Disposal Serviciiig c￿le￿ forwAtd 9,348 7.931 ,668 19,250 4,092 998 3,W27 490 37.457 19.785 1.085 662 2315 33,407 Thispage does nol foThpartoflhc stalvlory financi815￿ter￿¢n Page 13 Henle Rowl ci De¢allod StaternpTrt for the Year Ended315t A cl1￿1$e5 ust 2021 31.810 Broughi fotward Cleaning &Hysitn¢ Rrp&iT5 & Maintenan¢c Land Maint¢nJnce BuildinLb Improvcrn￿ts General AdminiSlr&tionC(K Attountan¢y Ftts OthLY Professional Fees HardshipPayments Office Equipmcnt Rowins Equipment Deprteiati Gym Equipm¢ni Dcprcciaiion Loss onsal¢oftonsible fiMd assets 33.4Q7 9,362 37,457 5,È87 750 1,832 3,000 1.529 350 239 $0.194 2.507 8.678 3.78 924 69.771 1985 120,933 Fi#*n¢p B2nk chargtslBaKlayc4td fee 2927 3,522 Other Per￿Ill¢S 15 Total YeSourc￿¢xp¢l]de￿ 175,009 175,6TI Nel i￿￿Me 34,567 21,824 Thii page doe$ ￿t fomi partofihc finAneial sthttmertts PDge 14