**Trustees’ Annual Report for the period From 1[st] March 2021 To 28[th] February 2022 Charity name: The RowUK Foundation Charity registration number: 1182687**
## **Objectives and Activities**
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SORP reference
Summary of the purposes Para 1.17 Charitable Objects:
of the charity as set out
in its governing “THE PROMOTION OF COMMUNITY
document 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 Para 1.17 and This is our third year of operation
1.19
activities in relation to and our has been limited. We have
those purposes for the restricted our activity to grant-
public benefit, in making for a new rowing charity in
particular, the activities, West Yorkshire (London Youth
projects or services Rowing) to purchase rowing
identified in the machines to be used in schools
accounts. with a high proportion of pupil
premium students. This has
allowed the programme to expand
to Bradford and Wakefield. We
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have also purchased rowing
machines on behalf of the Gorse
Academies Trust, to allow that
educational trust to purchase
rowing machines at the discounted
rate the RowUK Foundation enjoys
with a particular supplier. Gorse
are building a sector-leading
programme in the state sector for
children from disadvantaged
backgrounds. Our support allowed
the Trust to purchase more rowing
machines than they otherwise
would have been able to, thus
making sure that more young
people were able to access the
sport each day.
Statement confirming Para 1.18 The trustees have had regard to
whether the trustees the Charity Commission’s
have had regard to the guidance in terms of the public
guidance issued by the benefit, of running a charity and
Charity Commission on reporting, and in particular the
public benefit advancement of education and of
amateur sport.
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## **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
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As stated above, the main activity
has been in supporting a rowing
charity and an educational trust to
Summary of the main Para 1.20 expand their fleet of rowing
achievements of the machines. Both organisations are
charity, identifying the doing great work, expanding their
difference the charity’s reach to many more secondary
work has made to the schools in disadvantaged
circumstances of its communities in west Yorkshire.
beneficiaries and any Their collective programmes reach
wider benefits to society over 7,000 young people a year,
as a whole. with many of those now going on
to compete and win at regional
and national events.
This equipment allowed a dramatic
expansion of extra-curricular
indoor rowing clubs in a number of
schools, meaning many hundreds
more children could access
recreational activities to boost
their physical, mental, emotional
and social wellbeing.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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## **Financial Review**
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Review of the charity’s Para 1.21 The financial position of the
financial position at the charity is modest and consistent.
end of the period Spending has been higher than
income this year, but that has
been deliberate as we seek to
support programmes doing the
work we were set up to promote.
Statement explaining the Para 1.22 We have kept a small amount in
policy for holding reserve and we plan to spend most
reserves stating why they of this amount in the first quarter
are held of 2023.
Amount of reserves held Para 1.22 £7,155.74
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 There are no uncertainties about
uncertainties about the the charity continuing as a going
charity continuing as a concern.
going concern
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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## **Structure, Governance and Management**
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Description of charity’s
trusts:
Type of governing Para 1.25 Constitution (Articles of
document Association)
(trust deed, royal
charter)
How is the charity Para 1.25 The RowUK Foundation is a
constituted? Charitable Incorporated
(e.g unincorporated Organisation (CIO)
association, CIO)
Trustee selection Para 1.25 Trustees are approached for their
methods including details suitability for the post, the skills
of any constitutional they bring and their
provisions e.g. election to understanding of - and
post or name of any commitment to - the aims and
person or body entitled objectives of The RowUK
to appoint one or more Foundation.
trustees
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.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details**
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Charity name The RowUK Foundation
Other name the charity N/A
uses
Registered charity 1182687
number
Charity’s principal Malt Kiln Cottage
address Day Ash Lane
Darley
North Yorkshire
HG32QR
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## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Benjamin Cox Chairman
2 Michelle Muir Trustee
3 Paul Bennett Trustee
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## 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
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Trustee name Dates acted if not for whole
year
N/A
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## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets
## **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)** Benjamin Cox **Position (eg** Chair **Secretary, Chair, etc)**
**Date** 31[st] December 2022
## Row UK Foundation
Charity number 1182687
## Financial Statements
for the year ended 28 February 2022
## Row UK Foundation
## Financial Statements
## for the year ended 28 February 2022
|**Contents**|**Page**|
|---|---|
|Statement of financial activities|2|
|Balance sheet|3|
|Notes to the accounts|4 to 5|
1
## Row UK Foundation
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 28 February 2022
|**Income from:**
Grants and donations
**Total income**
**Expenditure on:**
Administration costs
Event costs
Consultancy fees
Payment to London Youth Rowing
**Total expenditure**
**Net income / (expenditure)**
**Fund balances brought forward**
**Fund balances carried forward**|2022
Total
funds
£
-
-
147
-
-
7,260
7,407
(7,407)
14,563
7,156|2021
Total
funds
£
9,455
9,455
137
600
356
-
1,093
8,362
6,201
14,563|
|---|---|---|
All incoming resources and resources expended derive from continuing activities
2
## Row UK Foundation
## Balance sheet
|as at 28 February 2022
**Current assets**
Cash at bank and in hand
**Total current assets**
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
**Total current liabilities**
**Net current assets / (liabilities)**
**Net assets**
**Funds**
Unrestricted funds
**Total funds**|2022
Total
£
7,156
7,156
-
-
7,156
7,156
7,156
7,156|2021
Total
£
14,563
14,563
-
-
14,563
14,563
14,563
14,563|
|---|---|---|
## **23rd February 2023**
The financial statements were approved by the board of trustees on …………..……
**Benjamin Cox** Signed: ……………...………….…. (Trustee)
## **Benjamin Cox**
Name: ……………..…..………….
3
## Row UK Foundation
## Notes to the accounts
## for the year ended 28 February 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
4
## Row UK Foundation
## Notes to the accounts continued
## for the year ended 28 February 2022
## **2 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
|**3 Funds held as agent**
for purchase of rowing machines|Balance b/f
£
-|Incoming
£
35,262|Outgoing
£
35,262|Balance c/f
£
-|
|---|---|---|---|---|
5