## **Newbury Canoe Club** ## **Annual Report** **for the Year Ended 31 May 2023** ## **Newbury Canoe Club** ## Contents Reference and Administrative Details 2 Statement of Trustees' Responsibilities 2 Trustees' Report 3 1 ## **Newbury Canoe Club** ## **Reference and Administrative Details** ## **Trustees** Mr David Seward Mr Michael Richman Mr Clive Williams Mr Edmund Cooper Ms Lynne Hutcheon **Secretary** Mr Richard Carter (Appointed 1 Aug 2022 ) Mr Luke Moss (Resigned 1 Aug 2022) **Principal Office** Newbury Canoe Club, The Wharf, Newbury, RG14 5DF **Charity Registration Number** 1180755 ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and regulations. Charitable law requires the trustees to prepare financial statements for each financial year. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable organisation and of its incoming resources and application of resources, including its income and expenditure, for that period. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable organisation's transactions and disclose with reasonable accuracy at any time the financial position of the charitable organization. They are also responsible for safeguarding the assets of the charitable organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 14 July 2023 and signed on its behalf by: **Ed Cooper, Chairman and Trustee** ## **Michael Richman, Trustee** 2 ## **Newbury Canoe Club** ## **Trustees' Report** The trustees, present the annual report together with the financial statements of the Charitable Incorporated Organisation (CIO) for the year ended 31 May 2023. ## **Objectives and activities** The objects for which the Club is established are: The promotion of community participation in healthy recreation for the benefit of the inhabitants of Newbury and the surrounding neighbourhood by the provision of facilities for canoeing ## **Public benefit** Newbury Canoe Club provides facilities and training that enable individuals to experience the sport of canoeing. Canoeing can contribute towards the health and wellbeing of individuals through exercise and the contact with the outdoor environment. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Achievements and performance** The Income and Expenditure Account shows a loss of £412.92 during the year. The canoe club has £39,583.75 available. The Waterside series of 4 races was able to take place. Membership fees generated income which is a was a 24% increase on previous year as the club continued to grow from new members joining after taking the beginners course. The members fees received covered the running cost of the club. The number of members at end of the year was 95 The club held 2 beginner training courses over a multiple week period in July and September and had a lower conversion rate of new members joining so in starting in May 2023 we introduced a new model to offer a half day taster session first followed by the beginners course. The club also introduced Stand up Paddle board taster sessions starting from May 23. The club incurred build costs, relating to installing lights under the bridge adjacent to the clubhouse and fees to design a new boat store. The club continues to build a healthy mix of leisure paddlers and marathon racing paddlers. 3 ## **Structure, governance and management** ## **Nature of governing document** Newbury Canoe Club (NCC) is a Charitable Incorporated Organisation (CIO) governed by its Memorandum and Articles of Association, registered at the Charities Commission in October 2018. NCC registered as a charity with the Charity Commission on 19[th] November 2018, Reg No. 1180755. ## **Trustees' Report** The annual report was approved by the trustees of the charity on; 14 July 2023 and signed on its behalf by: ## **Ed Cooper, Chairman and Trustee** **Michael Richman, Trustee** 4 |Newbury Canoe Club|Newbury Canoe Club||**1180755**||| |---|---|---|---|---|---| |**Receipts andpayments accounts**|||||**CC16a**| |**For the period**
**from**|01-Jun-22|**To**|31-May-23||| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**10,358**
**20,705**
**63**
**-**
**-**
**-**
**-**
**-**

**31,126**
**-**
**-**
**-**
**31,126**
**8,914**
**8,239**
**10,061**
**4,385**
**-**
**-**
**-**
**-**
**-**
**31,599**
**-**
**-**
**-**
**31,599**
**- 473**
**-**
**40,057**
**39,584**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**10,358**
**20,705**
**63**
**-**
**-**
**-**
**-**
**-**
**31,126**
**-**
**-**
**-**
**31,126**
**8,914**
**8,239**
**10,061**
**4,385**
**-**
**-**
**-**
**-**
**-**
**31,599**
**-**
**-**
**-**
**31,599**
**- 473**||**Last year**
**to the nearest £**| |Memberships and Donations|**10,358**|||||**10,395**| |Trainingand Event receipts|**20,705**|||||**23,255**| |Bank interest|**63**|||||**1**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**31,126**|||||**33,651**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**
|||||**-**| |~~**_Sub total_**~~|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**33,651**| |||||||| |
Runningcosts|**8,914**|||||**8,200**| |Equipment Purchases|**8,239**|||||**7,520**| |Trainingand event costs|**10,061**|||||**14,103**| |BuildingInfrastructure costs|**4,385**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**31,599**|||||**29,823**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**29,823**| |||||||| ||**- 473**|**-**|**-**|**- 473**||**3,828**| ||**-**|**-**|**-**|**-**||**-**| ||**40,057**|**-**|**-**|**40,057**||**36,229**| ||**39,584**|**-**|**-**|**39,584**||**40,057**| CCXX R1 accounts (SS) 20/04/2024 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Bank Balances
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**39,584**
**-**
**-**
**-**
**-**
**-**
**39,584**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Ed Cooper
Michael Richman|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Ed Cooper|14-Jul-23| |||Michael Richman|14-Jul-23| CCXX R2 accounts (SS) 20/04/2024 2 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A ndependent Examiner's Report Report to the trusteesl members of Newbury Canoe Club On accounts for the year ended 31° May 2023 Charity no (rf any) 1180755 Set out on pages 1-7 of draft annual ￿)urrtS and in the supporting evidence FKovided I report to the trustees my examination of the a(xc￿ntS of the above chanty Ilhe Trusn for the year ended 3110512023. Responslbllities and As the charTty trustees of the Trust, you are ￿sponSible for the preparation basis (rf report of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Acr). I report in respect of my examinaiM)n of the Tfusfs accounts carrEd out urKler section 145 of the 2011 Act and in carying out my examination, I have frAlowed the appl￿ble Direc￿n8 given by Ihe Charty Commission under section 145151(bl of the Ad. I have completed my examination. I confimi that r)0 material matters have come lo my attention in connection wrth the examinats'¢)n wh￿h gives me cause to believe that in. any matenal respect: accwnting rec(￿d$ were not kept in accordance with seth'on 130 of the Act or the accounts do nol &cord with the accounting records Inde￿ndent examinerf8 Statement I have no concerns and have acfOSS no other matters in connection with the eXarr1nat￿n to wh￿h attention shoukl te drawn in or(ler to enable a proper underslanding of the accounts to L* reached. Slgned: Date: 0910412024 Namo: Jacqui Lets(Yne Relevant professional qualification(sl or b¢xly (if any): ASsC¢￿￿ of AccoUnti￿j Technicians. Intermediate Address: 14 Rutherford Ck)se Hghcle RG20 9QD IER October 2018