BRISTOL ARIEL Rc)I,IllNG CLUB VIS IJNI IA kc)RIIC)R Bristol Ariel Rowing Club Trustees Report and Financial Statements Period 01 April 2022 to 31 March 2023 Charity Number: 1185174
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 The pOrt covers the period from 1° April 2022 until the end of the club's financial year on 31 March 2023. Reference and Administrative Details: Charity name: Alternative name.. Bristol Ariel Rowing Club BARC Charity registration number: 1185174 Address: Bristol Ariel Rowing Club Pump House Lane Brislington Bristol BS4 4RQ Trustees: John Wallace Filor Emma Hall Catherine Ann Greig Treasurer (until 07-10-2022) Philip Andrew Moore Treasurer {from 07-10-2022) Geoffrey Howe Lester President Lisa Sargeant Captain luntil 07-10-2022) Accovntants: Linden Accountants Scrapstore House 21 Sevier Street St Werburghs Bristol. BS2 9LB
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 Report of the trustees The trustees present their report and the audited financial statements for the period l April 2022 to 31 March 2023. Reference and administrative information set out on page 2 forms part of this report. The financial staternents comply with current statutory requirements and the Stotement of Recommended Prartice Accounting and Reporting by Choritie5 {FRS102, effettive from January 2015) as they apply to small charities. Structure. governance. and management The club is constitLrted as a Charitable Incorporated Organisation ICIOI, first registered on 5 September 2019. It is governed by a CIO Constitution which mirrors the Charity Commission template. Appointment of trustees Three trustees are ex-officio: the club President. Captain and Treasurer eletted at a General Meeting of the club. The remaining trustees are appointed by the current trustees and ratified at a General Meeting of the CIO. Prospettive new Trustees will be invited to complete a ski115 audit to maintain the breadth of experience and diversity within the board necessary to properly carry out its functions. Potential Trustees who meet the skills need will be ci>opted for an indurtion period to ensure they are fully aware of the responsibilities before being formally proposed and voted on at the Charitys AGM. One trustee, Emma Hall. was appointed in December 2021. Herappointment was ratified at the Annual General Meeting on 7 October 2022. One ex officio trustee, Treasurer Catherine Gre1& iesigned and Philip Moore was elected Treasurer and appointed as an ex officio trustee at the same AGM. Trustee5 are referred to guidan and training texts and on-line courses run by NCVO. Club members and non-members are invited to expres5 interest in being appointed as trustees at anytime. During the year one potential trustee attended a trustee's meeting as an observer. Management Structure and wider relationships The trustees delegate the day-to-day functioning of the club to a committee of 7 officers elerted each year at the club AGM. Some ol those officers lead a team of volunteer5 undertaking specific aa5 of responsibility le.g. the Captain leads a "Rowing Team" including volunteer lead coaches, squad captains and volunteers for boats and gym maintenance}.
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 The club operates under rowing's governing body. Brrtish Rowin& and is part of British Rowing'5 Wessex. Avon, Gloucester & Somerset {WAGSI dtvision. Objectives and Activities The objective of the charity as described in our constitution is "the promotion of participation in amateur 5POrt and healthy recreation through the provision of facilities. encouragement and instruction in rowing for the community of Bristol and surrounding area5." The programme of activities to deliver this objective over the period is normally focussed on: Attracting new participant5 to the sport; Providing facilities. equipment and coaching to enable athletic development and participation in athletic competition, both on the water and indoor rowinL Promoting the health benefits of indoor rowing as a physical activity. During this reporting period the club was rebuilding tts attivitie5 following restrictions during the Covid pandemic. We embedded several good prartices. in particular regarding regular cleaning of equipment and facilities, established during the pandemic. The charity is not a grant awarding body. Trustee approach: In conducting their Scrutiny and review of club actÈvtties the trustees have given due regard to the Charity Commission guidance on public benefit as described in documents PBI, PB2. PB3, CC3 & CC4. In pursuit of its objectlves the club has: Organised and tscilitated the water activity across a wide variety of boat types and participant skills and ages including participation in a wide variety of competitive events including the World Rowing Masters Regdtta in Bordeaux, France," Maintained the existing clubhouse. boathouses and gym to ensure fitness for purpose and safety of users,- For a limited number of participants we introduced a small number of the children of club members to the sport in order to asse55 the feasibility of developing a more formal junior section of the club: Organisation of one Leorn to Row course for introducing 16 new adults to the sport. All of these new participants subsequently joined the club as full members of its novice squad with 70% still Club members at 31 March 2023. The committee voted against an Autumn Leom to Row course due to the difficulty in retaining new rowers through the winter months.
8ristol Ariel Rowing Club Report OIApril 2022 to 31 March 2023 Considerations for the future Despite running a successful Learn to Rowcour5e there remains a high unmet demand for experience of water rowing. To address this we are: Reviewing the content and delivery of the Learn to Row courses with a view to decrease the demands on volunteers and give opportunities to more participants: Explore alternatives to give a wider range of participants a shorter experience of rowing Iscullingl on the water using very stable equipment {RowSUPI. A plan and business model is being developed for potential implementation of EGsyRow during 2023-24. Considering several avenues for further fund raising to increase boat numbers to enable participants to move through from learn to row to established Squads at the club. This will increase our capacity to take on more new rowers in the future. Contributions by volunteers The club relies very heavily on the generous time. work and expertise given by volunteer5 for the delivery of its benefits and attivities. Volunteer roles delivered during the period include- Squad crfrordination Coachin Trailer towing to training and competttive events: Leading on maintenance and repair of dub boats. oars. gym equipment including enhanced cleaning to ensure safety of users: Leading on maintenance of the buildings and grounds; Ensuring site security: Financial management: Organisation and delivery of "Learn to Row" courses foradult5 new to the sPOrt- Marketing and s¢xial media communications: Organisation of social activities. Many other short project5 and developments have also facilwtated safe and secure delivery and development of the club's actFVities and improved its facilities. The club trustees and commtttee are very grateful for the invaluable contribution of our volunteers. Volunteers receive no remuneration other than justtfied expenses. The volunteer expenses policy and procedure was reviewed during the year.
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 Achievements and Perfomiance In delivery of the objective and artivities programme during the period we have= Delivered successful "Learn to Row- courses of 8 sessions over 4 weekends. All of these new participants proceeded to full club membership and regular activity in the Novice Squad. Further courses were planned for spring 2023; In view of the high demand for beginner level rowing experience we have explored alternatives such as the "ROWSUP" equipment la kit to enable stand-up-paddleboard to be used as a very stable sculling boat),. Ideas are developing to use -RowSUP° to deliver opportunitie5 for rowing artivity to underprivileged groups for potential delivery during 2023-24; Go Row Indoor IGRII sessions have continued with two weekday sessions in addition to evening and weekend sessions. These are dolivered by both paid personal trainers and club volunteers. Participants who prefer a female lead for a session can register for an appropriate session- We have continued to work with Brttish Rowing to share our Go Row experience with other clubs and organi5ation5 considering setting up their own programmes,- A more general exercise cla55 not using the rowing machines, termed "Core & More" was introduced. The principle here is for a class designed for equal acce5S to all members: competitive rowers. land members and occasional participants irre5pertive of age or abilty- Financial Review Review of flnancial posrtion at 31 March 2023 The period from April 2022 to March 2023 is the third full year of Bristol Ariel Rowing Club as a CIO. By the end of this period, the Charity held net assets of £282.945 comprised of: Fixed assets: £202,858 Net Current assets: £80,670 The 22-23 financial year continued the cautious return to normal operations, albeit in the face of a challenging economic environment of rising price5. Inevitably with the resumption of activities. the Club has a150 seen a rise in costs incurred. Main sources of income The 22-23 financial year buiEt on the return to normal operdtions seen during 21-22 with Membership subscriptions up. Land membership growing strongly and Go Row income doubling on the prior year. Ourtenants were also able to recommence their contribution to the Club.
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 Grdnts and donations The Club received a donation from Chartered Financial Planners 75Point3 of £2,4c towards a new set of blades for the Women's eight, £200 towards the costs of the Hannover exchange from Bristol Hannover Council and a grant of £5,tNJO from British Rowing towards the cost of 7 Rowsups purchased early in the following financial year. In addition a further £3.IM) was donated by member Steve Howie for the Development fundraising. Expenditure The Club has continued to invest in equipment to help the club meet it5 charitable objectives. This resulted in a total of £16.463 being spent on a mix of both water and gym equipment to serve the membership. £II.000- Two second hand Wintech double scull/pairs from Latymer School {Thunderbolt and Magician) £3,174- 10 Concept11 sweep blades, £1,299- 5 tier m(IWdble pairs rack £750 - nearly new Concept11 ergometer bought from member £240 - Body Max gym mats Expendituie was £18.718 higher than the previous year - £65.866 compared to £47,148, refletting the return to full activity. an element of catching up on servicing and spend following the suspension of artivities and timing differences on event spend. Events include the annual dinnerand attendance at the World Rowing Masters Regatta 2022 and are reported on a net basis. £2,525 of World masters income previously recognised in 2022 offsets the net costs of £2.467 reported in 2023. Freelance trainer expenditure reduced by £1,125 with a £4.345 reduction in rowing coaching offset by a £3,220 increase in land based coaching. Boat repairs and maintenance increased from £1.997 to £11,014 due to a combination of accidental damage and the increasing age of the fleet necessitating fUrbi5hrnet and remedial work. Building costs include £4.2CQ increase in electricity costs due to increased charges and the refund received in the prior year with the prior year also including a charge of £2,001 of door repairs and servicing. £3.000 increase in depreciation charge year on year based on the a55et costs as Set out in the accounting policies. Security alarms, trailers, defibrillator and launches were all serviced in the year as part of the resumption of activitie5 and L3unch driving courses comprised the majority of training costs
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 Bristol Ariel does not employ any staff members. Two freelance, self-employed coaches are contrdcted to run Go Row Indoor classes and additional coaches were employed ntermittently to provide coaching for 'vRter' rowers. Reserves Policy The Trustees have put a Reserve5 Policy in place primarily to hold funds to mitigate unforeseen emergency and operdtional costs and consequent troughs in cashflow, {-designated fund5-J. The Reserve is sufficient to cover 6 months of running costs and includes an element for placing equipment essential for the safe operation of the club attivities. The Trustees have agreed to increase designated funds to £30,000- £23,000 designated for contingency/running costs and £7,000 set aside for the equipment (including launch motor placement}. The Trustees are also mindful of the members. request. as voted at the 2020 AGM, to Set aside IO% of annual income as a buildinE fund. At the end of the financial year this had reached £13,288. The pandemic highlighted the need for reserves and more recently. the ongoing Cost of Living crisis is demonstrating how the rise in bills will create issues for a lot of households. businesses and organisations. The Club's land and buildings have severdl known risks (including the trees. riverside and landing stage) that may require further unplanned emergenry work. The Tnjstees have considered a prudent approach to ensuring that the ongoing viability ol the charity is not comprornised by the above and other risks. Decisions aboLrt spending outside of the annual budget for routine running costs is proposed by the committee and approved by the Trustoes. Assessment of financial status The Club had net income of £ 550 for the year, with an underlying income of £4,800 after accounting for LTR and everrt receipts recorded IF7 income wtthin the prior year accounts. The Club continues to face an increase in overheads and our members are also seeing a squeeze on their personal disposable income. The boat fleet is aging with increasing Maintenance costs. there is a need for easier accessible boat racking and launch outboards are coming up for replacement. The Club has now developed a tree management / safety prograrnme to fund. Isee note 14 Post balance sheet event). The Trustees will monttor how the above develop5 during the course of the year to ensure that the Club remains viable and that we can also accommodate members who are struggling to pay membership subscriptions. The Club 15 looking to develop a new offerin& EasyRow, having Secured funding from British Rowing towards the purchase of Rowsups enabling us to reach a broader range of
Bristol Ariel Rowing Club Report 01 April 2022 to 31 March 2023 people a5 well as creating new income streams to contribute to the longer-term sustainability of the club. Declarations The trustees declare that they have approved the report above. Signed on behalf of the Cl(Ys trustees Geoffrey Howe Lester President Date: 1023
Bristol Ariel Rowing Club ReFK)rt l April 2022 to 31 March 2023 Independent Examinerfs Report I report to the chartty trustees on my examination of the accounts of Bristol Ariel Rowing Club for the year ended 31" March 2023. Responsibility and basis of report As the charivs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Arfl. Haviftg satisfied myself that the accounts of Bristol Ariel Rowing Club are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reporr in respect of my examination of your char[t5 accounts as carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Dirertions given by the Charity Commission under sertion 14515llbl of the Act. Independent examinerfs ststement I have Completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: l. Accounting records were not kept in accordance with section 130 of the Charities Act,. or 2. The accounts do not accord with those records: or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of my independent examination. I have no concems and have come across no other matter5 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. David Baptiste ACPA Linden Accountant Limited Scrapstore House 21 Sevier Street St Werburghs Bristol BS2 9LB Date: io
BRISTOLARIEL ROWING CLUB ATEMENT OF FINANCIALAcrivmES Ilncluding Incoffe and Expenditu Account) YEAR ENDED 31 MARCH 2023 Totsl Funts 2023 rotal Fund5 2022 FuThts Fur INCOME Incorne from generated funds Rental Income Actiwtie5 for genÈr8ting fvnds Gr3nts receiv3blÈ Incom& from charitable aetitie$ Other Incom 4,OCK> 7,364 5,200 49.833 19 389 10,433 6,404 51.676 1,144 6,220 5,000 49,833 19 TOTAL INCOMEAND ENtM)WMENrs 5),177 11,239 66,416 68,903 EXPENDtWRE Expenditure on gÈner*ingfunds Expenditure on ch8rit3ble èrtiyities 18,295 47,571 18,295 47,571 15,472 31,676 TOTAL EXPENDtTURE 65.866 65,866 47.148 INCOMVIEXPENDrriJRE) (lo,9) 11,239 550 21,755 Balances brohtfonwar4 276,227 6,750 282,977 261,222 Gr15 Transfers Between Funds 12 12.2961 Balènce5 carried forward 267.834 15.693 283,527 282,977 The charity ha5 no OgnISed gaIr or losses othÈrthan the rltstOrtheyearè5 set ab. l of theacrivitiEsof thetharityarÈ dassed a5 continuing. The n.e5 on paee5 13 to 18form part of these finanaaI statements
BRISTOL ARIEL ROWING CLUB 8AiANCE SHE YEAR ENDED 31 MARCH 2023 2022 FIXEDASSErs: Tangible assets 202,857 207,352 CURRENT ASSEts: E)ebtors Stock Cash at bank end in hand 3,164 903 74,798 78,865 92 76,301 86.170 CURRE LtABILmES: Creditors.- falling due within one year 15,5(Xll 13,2401 Netiwrrent assets 80,670 75,62S NASSE[S. 283.521 282,977 FUNDS General funds DÈsignated funds Building funds RÈstFlCted funds 224.546 30,C 13.288 15.693 241.885 ?.6,000 8,342 6,750 12 283.527 282,977 These financial statements were appr(Ned by theTrustees and rthorISed forissue M..._.. and are signed t)n their beh3 bv." Chair TruStee5 Charity Registrèbon Number 1185174 The notes on pages 13 to 18 fomi part of these finanaal statements
BRISTOLARIEL ROWING CLUB NOTESTO THE FINANCiAL 5tATEMEMrs YEAR ENDED 31 MARCH 2023 l AccourING pouaES Af£OuntirI cokiventioTr Thefinancial st3tements h3vp. been prepared underthe historic C05r convention. ThefinarTr(Jal sratements have been prep3red in accord3n th the Statement of Recommended Prattice.. AccountingarKI Reporting by Chariues IFRS 102 SORPI Issued in JutyT2014. and applicable UK Accounting St8ndard5 and the Charities Att 2011. Funds stnxture Unrestricted Incomefunds comprise th05e funds whichthe trusteesarefre to use forany purpose in furtherante of the charfC3ble objert5. LJnre.stritted fvnds intlude deSnated funds where thetr5JStees, at thrdI$eOn, have set re50urw for a specific purpose. Restritted funds are funds which a10 bÈ used In actordancewith speufic re5triaions imposed bythe d(Or orthpterms of 3 SpfrfiC Èppe31. Income All Income.'s recognised once thÈtharTrrf h45 entnIntIOthÈ resources, t ISrtaithat the re5(yJrceswill be rec@w and the tnon&t8ry value of income can be measured wth 5uffiaent lIabil. Ineorne from donations is included wheF>theseare receivablÈ, expt asfollows: - When the don0 specify thatthe donaDons g¥¥en to trye charttyrnusr be used in futureaccountng periods. - When donors irDPOSÈ tonditionswhich t0 bÈ fulfilled bdore the tharity Iwjmes entitled to u such IrTrcoff. the income 15 deferred until the prconditIOnS have been met Income from grants, wherethere are pÈrfom13nte or Servi deliverae$ required bythe terms of thegrant, are aOUnted for 8Sthe ch8rity Èarns the right to payment through its perfDrmance. E¥penditure Liabilities are recognised as expendrture as scon as there is a legal orconstructive oblvgation tornmittingthe charityto the expenditure. All expenditure is accounted for on an accruBIs basis and h2$ been da551fied under headings that agree all costs relatÈd to the category. Support costs heve boen ?Iloc3ted loAtoardS thp charitable activr(ies ofthe tharjty. Charitable Ch3ritable e¥pendrture comprrsesthose c¢>5ts incurred bytlEth3rity in the defwery tslits aCt[EleS afid seTWty for tis beneficiari. It include5 both the dirett payand noTrpav=05ts suprM)rt costs lating tothose actiti@5. Going cofi¢em After making appropri¥LÈ enquines, thetru5tee5 have a reasonable expectation thatthe charrty has adequate resourtrs to continue its 0oer4tions forthe foresee2blefvturÈ and rhereforethey ha¥È ¢oniinu& to adopt theg(Jng concern basis when preparingthe financial Statements. GovÈrnance c05[ indude thos& costs associated wrEh mÈeting the COr)lIuOnal and statutory requirements of the tharity, and include rts indÈpendent minatiOn fees and costs linked tothe stRtegic rnanaglknent of tharityinduding tnjstee expenses. Ta¥ble wets and dewets*ion Depreth81ion has been prowded on all tangible fixed osets at T8tes caltulated towrite off the o)5t, kss &irnated residual 1& of each asset, over Its expetted usefvl life. The ote5 used are 2% Teducing balancè freehold pmperty and improvernents and 109>15% reducing b31ance on otherf1ed assets.
BR15foL ARIEL ROWING CLUB NOTES TO THE FINANCIALSTATEMEKrs YEAR ENDED 31 MARCH 2023 2 AcnViTl FOR GENERATING FUNDS Total Funds 2023 Total Fund5 2022 Fun& Funds Events FUndlS1g & Donations 32 1.112 32 7.332 2,S25 7,908 6,220 1.144 6.220 7364 10.433 3 GPANTS RECEIVABLE Unrestritted FUTh Totsl Fund5 Totsl Fun 2022 FuThYs Business Interruption Grant Easy Row EnEagerneTrt Project Hannover Exchange 2LX) 5.0 5,200 6,404 4 INCOME FROM CHARITABLE AcrNmES Totsl Fur05 2023 Total FU[S 2022 Funds Fynds Membership &Jbs/Racking Legrn To Row GoRow Indoor Income Sundry Income 44,634 225 44,634 225 41,316 7,452 2,342 49.833 49,833 51.67S 5 EXPENDMJRE ON GENETING FUN Totsl Fur 2023 Total 2022 Funds FU1$ Building C05rs Events Freelance Traine 9,931 2.467 S,897 9,931 2,467 5,897 8,141 308 7,023 18.295 18,295 15.472 14-
BRISTOLARIEL ROWING CLUB NOTES TO THE FINANCIAL ATEmENTS YEAR ENDED 31 MARCH 2023 6 DIRECkRTfABLE EXPENDrtVRE CtharfrtableActNltles Totsl FLmd5 2023 Totsi FId5 2022 Funds British Rowing Fe 8oat Repairs Equipment Maintenance Training 1.2( 11.014 2.033 1,2f 11,014 2.033 861 1,997 670 tsrt Costs relephone and Intemet FinancÈ and Admin prO510n31 Fees Advertising and M3rketing cences and Subscriptions Bank Fee5 Other 921 1,299 921 742 L002 1.293 356 356 743 159 612 121 827 827 19.075 19.075 6,894 Govemance Costs Toral Fund5 1023 Totsl Funds 2022 Independent Exarination FÈe t)epreciation Insuran 936 19.624 7,936 936 19.624 7.936 936 16,617 7,229 28.496 28.496 24.782 Total direct charitable expenditure 47,571 41,571 31.676 7 CORPORAnON TAX The charity is exemptfromtsx on income and g3ins fallirE wthin sertion 505 of the T3xe5 Aa 1988 orsertion 252 of the Taxation of Chargeable GainsAtt 1992 tothe Èxtent th3tthesÈ are applied to its chèritèble objects. No tax charge5 have arisen in the ch3rit¥.
BRIoL ARIEL ROWING CLUB NOTES TO ThE FINANCNL 5tATEMEKrs YEAR ENDED 31 MARCH 2023 8 TANGIBLE FIXED ASSErs LaTrJ & Builoi EqUlprnrt EqUIprt Toia At l April 2022 Additions 143,356 15,736 990 249,633 15,164 14.174 At 31 March 2023 143,356 11>4.715 16.726 DEPRECIAMON: At l April 2022 Charge forthe year 7,407 267 31.651 15,152 3.223 42,281 19,659 At 31 Marth 2023 10.274 46.803 4,863 61,940 BCK)KVAWL. At 31 March 2023 L33,2 57.912 IL863 201857 At 31 March 2022 58.890 12.513 207.352 9 DEBTOPS 2023 2022 Tr3de Oebtor5 Prepayments Other Debtors 8,168 1,027 582 2,108 1,056 9,777 3.164 10 CREDrroE&' antr)uThts frdllirg due within one ye¥ 2023 2022 Accruals Key DÈposrt Creditors TradÈ Cre(Iitors Other Creditors 936 1,393 Iix) 811 1,682 782 2,1(Kl 5,5CX) 3.240 11 ANALYSJS OF NErsErS BEfwEEN FUNDS Uore5trfrte£l Fundg Totsi Funds 2023 Totsl Fund5 2022 Funds Fixed Assets Current knets Current bIlitIeS 202R57 70,477 15.5CIJI 202,857 86,170 15,5Tr)1 207,352 78,865 13,2401 15,693 267.834 15,693 233,527 282,917
BRIoL ARIEL ROWING CLUB NOTES TO ThE FINANCIAL ATEmENTS YEAR ENDED 31 MARCH 2023 12 AWLYSIS OF CHARffABLE FUNDS Anatysls of Fvnd movernents Balar Iorne E%Fendlture Transfers FUTh cld VnrertrittlUndS: General funds Designated fur Building funds 241A85 26,(} 8.342 55,177 165,8661 16,6501 224,546 30,000 13,288 4,946 276.227 55.177 165.8661 2.296 267.834 Restri¢2ed ftJnd&' Inwme Eypenditwe TrartsFer5 Fund Development Fundraising 75point3 Sweep Blades Easy flow Engaeernent Prtsjert 6.750 3,839 10,693 12,4001 5,0 6.750 11.239 112961 15.693 Total 282.977 66.416 165,8661 283,527 Develo ment Fundr815in A donation from one of the members, Steve Howie. ttr•RrdsthE4Jevdoprnent of a newdubhouse. E8S Row En ement Pro A erant frorn Brttish Rowing to helpfund the purchase of Row5UPS us£d to intrOdueMberS of the publicto rowing. 75 3 Swee Blad A don8tion from a mÈmberfora set of 8 blades, purchased during the year. Transfets Between Funds The transfers are in respprt of resrricted fund lan$ andlor asgets pureha5ed, wherethÈfund actrvity has conduded aTrdlor purchase of the assets h35 been completed and theTru5tees con51derthE balance and/or355et to now be used 25they see fft and is therefo moved to unre5trittedfunds. 13 RELATED PAxtyN&4CnoNS There were no relatÈd party trarC[10nS between the charity and thÈtwstees or persons orentities connectedto them during the year. -17-
BRISTOLARIEL ROWING CLUB NOTES TO THE FINANCW ATEmEr5 Y£AR ENDED 31 MARCH 2023 14 po BALANCESHE EVEN[ In late May 2023 two Ash tree5fell wthin a couple of days of eath other. One struck and damaged the roof of Averys boat shed, the other fell across the acCS path and was cleared by member5_ Repairs toAveTrs are underway, With fvll roDf rep31rs being tarried out13ter In the year under8n an Insur8nce claim. Atree condition repon was cornmwioned covering the tree5 on aub and Immediately nelghbouring land. established that seveFal18rge ash trees were suffering from Ash die ba£k and rhaz other tfee5 required ureent action to rede the risk they FM)sed. The Trustees and Conimittee, In jUntt[on wtth the tree Surgeons and B01 Counal. prioritised the high risk tesfOr reductionlfelling at cost to the Club of £6,960, Mrith the work bwng completed in August 2023. Further m3nagement of the Club's tree5 is requir, with phasÈ 2 of the tree rnariagemertt being planned forthe second half of 2D23. Given the number and maturity of the trees It is expected thai the costs 11 be 5ignthcant to bring the tree5 to a safer state.