2021-02-28-accounts

Trustees’ Annual Report for the period

From 28[th] March 2020 to 28[th] February 2021

Charity name: The RowUK Foundation

Charity registration number: 1182687

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Charitable Objects: “THE PROMOTION OF COMMUNITY PARTICIPATION IN HEALTHY RECREATION FOR THE PUBLIC BENEFIT BY PROVIDING OPPORTUNITIES FOR YOUNG PEOPLE, PARTICULARLY YOUNG PEOPLE WHO ARE SOCIALLY OR ECONOMICALLY DISADVANTAGED, TO TAKE PART IN ROWING.” Charitable Purpose: The RowUK Foundation runs programmes and events of recreational physical activity for young people, specifically related to the sport of rowing. The purpose of these activities is to promote physical, mental and emotional wellbeing, with an additional focus on encouraging progression to further and higher education, particularly for those young people from disadvantaged backgrounds.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	This is our second year of operation and activity has been at a minimum this year. At the beginning of the year, the Covid-19 pandemic struck and all recreational activity came to a halt for the best part of the following year. During this time, the charity was largely dormant. We received a limited amount of charitable income which was pledged in the previous accounting year but received in this accounting year. We had a small amount of administrative costs but delivered no charitable work. This was, in effect, a year of hibernation whilst we waited for activity to resume after the Covid-19

		lockdown in the UK lifted.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the Charity Commission’s guidance in terms of the public benefit, of running a charity and reporting.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	As stated above, this has been a dormant year for the charity owning to the restrictions placed on recreational activity owing to lockdowns associated with the Covid pandemic. We look forward to resuming activity from the summer of 2021 forward.

Additional information (optional)

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Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The financial position of the charity is modest but strong. We received a small amount of income and had only modest administrative costs to meet. We have conducted no charitable activity this year owing to the pandemic but have kept a small amount of reserves in hand, which we intend to direct to worthy causes when recreational activity resumes foe young people after Spring 2021. We have deliberately had a small amount of income and managed an even smaller amount of expenditure, keeping a steady amount in reserve.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We will aim to keep a small reserve at the end of each annual reporting period and, as the volume of activity in our programmes grows, we expect to keep a slightly larger reserve year on year. We will keep the reserve policy under review, taking into account any additional fixed costs and liabilities as the charity grows.
Amount of reserves held	Para 1.22	£7,362
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties about the charity continuing as a going concern. We are at the earliest stages of its operation and we are solvent and **meeting our reservespolicy. **

Additional information (optional)

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The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution (Articles of Association)
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	The RowUK Foundation is a Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are approached for their suitability for the post, the skills they bring and their understanding of - and commitment to - the aims and objectives of The RowUK Foundation. They are interviewed by the Chairman and at least one other trustee before the whole board votes and approves the appointment. Only the existing trustees of The RowUK Foundation’s board are entitled to appoint new trustees.

Additional information (optional)

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Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charityname	The RowUK Foundation
Other name the charityuses	N/A
Registered charitynumber	1182687

Charity’s principal address	Malt Kiln Cottage Day Ash Lane Darley North Yorkshire HG32QR

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Benjamin Cox	Chairman
	Michelle Muir	Trustee
	Paul Bennett	Trustee

Corporate trustees – names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for wholeyear
N/A

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Benjamin Cox
	Chair
	31st December 2021
	31st December 2021

Registered number

1182687

THE ROWUK FOUNDATION

Accounts

28th February 2021

THE ROWUK FOUNDATION

Registered number: 1182687

Profit and Loss Account

for the year ended 28 February 2021

Turnover Other income Gross profit Administration Costs Event Costs Consultancy Fees Other creditors paid within accounting period Profit before taxation Profit	2021 £ 9,455 - 9,455 (137) (600) (356) (1,000) 7,362 7,362	2020 £ 15,500 -
		15,500 (39) (7,800) (1,460) -
		6,201
		6,201

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THE ROWUK FOUNDATION

Registered number: 1182687

Balance Sheet

for the year ended 28 February 2021

Fixed assets Current assets Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Net Assets Capital and reserves	14,563 -	2021 £ - 14,563 14,563 14,563 14,563	7,201 (1,000)	2020 £ - - 6,201
				6,201
				6,201
				6,201

Benjamin Cox

Trustee

Approved on 30 December 2021

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