Bristol Ariel Rowing Club
Trustees Report and Financial Statements
Period 01 April 2023 to 31 March 2024
Charity Number: 1185174
Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
The report covers the period from 1[st] April 2023 until the end of the club’s financial year on 31[st] March 2024.
Reference and Administrative Details:
Charity name: Bristol Ariel Rowing Club Alternative name: BARC Charity registration number: 1185174 Address: Bristol Ariel Rowing Club Pump House Lane Brislington Bristol BS4 4RQ Trustees: Emma Hall Philip Andrew Moore Treasurer Geoffrey Howe Lester President Lisa Sargeant Captain (until 14 October 2023) Paul James Lowe Captain (from 14 October 2023) Richard James Nelson (from 01 April 2023) Accountants: Linden Accountants Scrapstore House 21 Sevier Street St Werburghs Bristol, BS2 9LB
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
Report of the trustees
The trustees present their report and the audited financial statements for the period 1 April 2023 to 31 March 2024.
Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements and the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS102, effective from January 2015) as they apply to small charities.
Structure, governance, and management
The club is constituted as a Charitable Incorporated Organisation (CIO), first registered on 5 September 2019. It is governed by a CIO Constitution which mirrors the Charity Commission template.
The club operates as a club affiliated to rowing’s UK governing body: British Rowing.
Appointment of trustees
Three trustees are ex-officio: the club President, Captain and Treasurer elected 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.
Prospective new Trustees will be invited to complete a skills 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 co-opted for an induction period to ensure they are fully aware of the responsibilities before being formally proposed and voted on at the Charity’s AGM.
During the reporting period one trustee, Lisa Sargeant, stood down as Captain at an AGM held on 14 October 2023. Paul Lowe was elected Captain and ex officio trustee at the same AGM. That meeting also ratified the appointment of Richard James Nelson as an elected trustee.
Trustees are referred to guidance and training texts and on-line courses run by NCVO.
Club members and non-members are invited to express interest in being appointed as trustees at anytime.
Management structure and wider relationships
The trustees delegate the day-to-day functioning of the club to a committee of 7 officers elected each year at the club AGM. Some of those officers lead a team of volunteers undertaking specific areas of responsibility (e.g. the Captain leads a “Rowing Team” including volunteer lead coaches, squad captains and volunteers for boats and gym maintenance).
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
The club operates under rowing’s governing body, British Rowing, and is part of British Rowing’s Wessex, Avon, Gloucester & Somerset (WAGS) division.
Objectives and Activities
The objective of the charity as described in our constitution is “the promotion of participation in amateur sport and healthy recreation through the provision of facilities, encouragement and instruction in rowing for the community of Bristol and surrounding areas.”
The programme of activities to deliver this objective over the period is normally focussed on:
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Attracting new participants to the sport;
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Providing facilities, equipment and coaching to enable athletic development and participation in athletic competition, both on the water and indoor rowing;
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Promoting the health benefits of indoor rowing as a physical activity.
The charity is not a grant awarding body.
Trustee approach:
In conducting their scrutiny and review of club activities the trustees have given due regard to the Charity Commission guidance on public benefit as described in documents PB1, PB2, PB3, CC3 & CC4.
In pursuit of its objectives the club has:
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Organised and facilitated the water activity across a wide variety of boat types and participant skills and ages including participation in a wide variety of competitive events supporting our local regattas and head races with a high number of event wins;
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Maintained the existing clubhouse, boathouses, club grounds and gym to ensure fitness for purpose and safety of users;
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Reviewed the club safety policies and procedures in line with British Rowing’s “Row Safe” standards, in particular with respect to visibility on the river;
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Organised a spring 2024 “Learn to Row” programme in a revised format concentrating on sculling;
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Mindful of local developments by University of Bristol (Temple Quarter Campus) and interest in introducing disadvantaged children to rowing (indoor and outdoor) by Oasis Academy schools we have been investigating means of widening the experiences we can offer. In particular, we took delivery of and implemented use of 7 RowSUP craft purchased with the help of a grant received last year from British Rowing and Sport England.
Considerations for the future
Despite running a successful Learn to Row course there remains a high unmet demand for experience of water rowing. To address this we are:
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
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Participating actively in British Rowing’s initiative for a sport activation and development hub covering Bristol and Bath;
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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;
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Working with University of Bristol to consider how the club’s position and facilities might be used to provide respite and recreational opportunities for the planned large numbers of additional staff and students on the Temple Quarter campus;
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Working with the Oasis Academy group and London Youth Rowing (themselves a charity dedicated to bringing rowing to a wider and disadvantaged school age population) to explore how the club site and equipment might facilitate this;
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Planning protection of the club members, site and buildings from damage by aging or diseased trees on and adjacent to our site.
Contributions by volunteers
The club relies very heavily on the generous time, work and expertise given by volunteers for the delivery of its benefits and activities. Volunteer roles delivered during the period include:
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Squad co-ordination
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Coaching;
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Trailer towing to training and competitive events;
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Leading on maintenance and repair of club boats, oars, gym equipment including enhanced cleaning to ensure safety of users;
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Leading on maintenance of the buildings and grounds;
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Ensuring site security;
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Financial management;
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Organisation and delivery of “Learn to Row” courses for adults new to the sport;
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Marketing and social media communications;
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Organisation of social activities.
Many other short projects and developments have also facilitated safe and secure delivery and development of the club’s activities and improved its facilities.
The club trustees and committee are very grateful for the invaluable contribution of our volunteers.
Volunteers receive no remuneration other than justified expenses. The volunteer expenses policy and procedure was reviewed during the year.
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
Achievements and Performance
In delivery of the objective and activities programme during the period we have:
- Delivered a new format, sculling only, Learn to Row course in the spring and summer of 2023. This created a Level one and a Level two enabling the opportunity for the participant to ensure they enjoy the sport, and for Ariel to consider the capabilities of the individual, ahead of committing to the remainder of the course. The result was 25 attendees for level 1 of which 20 continued on to level 2. The fees from the course provided additional revenue from the introduction of level 1, over and above the previous design.
Of the 20 L2 attendees only 2 didn’t go on to become an Ariel member.
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In April 2023 we took delivery of 7 RowSUP craft and in July tested out their feasibility as first experience opportunities for complete beginners to rowing. During August and July we ran 13 RowSUP coached sessions over 8 weeks for groups of 3 or 4 participants introducing 33 additional beginners to the sport;
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Go Row Indoor (GRI) sessions have continued with two weekday sessions in addition to evening and weekend sessions. These are delivered by a mix of paid personal trainers and club volunteers. Participants who prefer a female lead for a session can register for an appropriate session;
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We have continued to work with British Rowing to share our Go Row experience with other clubs and organisations considering setting up their own programmes;
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A more general exercise class not using the rowing machines, termed “Core & More” was introduced. The principle here is for a class designed for equal access to all members: competitive rowers, land members and occasional participants irrespective of age or ability;
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During the year two substantial trees fell on the property, one causing some damage to one of the club buildings. The trustees commissioned a survey of the trees on and adjacent to our site and have been working with the owners of the woods behind the boathouses. As a result we invested in protection of the property by, with the permission of Bristol City Council, felling and pollarding a number of trees, mainly diseased Ash. In the interests of member and visitor safety and protection of the property a programme of further tree maintenance is being developed;
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In view of slow progress with major capital project fund raising indicating a lack of feasibility the trustees decided to discontinue plans for a major clubhouse rebuild project.
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
- Training and on-the-water activities during the winter and spring were severely disrupted by repeated periods of heavy rain resulting in flooding of the grounds, but not the club buildings. Physical activities therefore relied on use of the gym. The Trustees are grateful for the patience and forbearance of its members during this period and for the help of volunteers who worked to keep the impact of flooding to a minimum and keeping participants safe.
Financial Review
Review of financial position at 31 March 2024
The period from April 2023 to March 2024 is the fourth full year of Bristol Ariel Rowing Club as a CIO.
By the end of this period, the Charity held net assets of £265,731 comprised of: Fixed assets: £197,341 with net current assets of £68,389.
The 23-24 financial year continued the return to normal operations following the pandemic, with a refocus on maintaining and upgrading the existing Club buildings and facilities following the decision not to pursue the Clubhouse rebuild.
The Club has continued to invest in the facilities and equipment to help meet its charitable objectives. This included the following spend on a mix of both water and gym equipment to serve the membership.
£2,230 – Four pairs of new Concept II sculling blades
- £1,200 contribution to 4 new Concept II ergometers partially funded by Sport England
£341 for 6 buoyancy aids
Main sources of income
Members subscriptions remains the largest source of income with land membership continuing to show good growth. Land membership includes indoor classes and, as a consequence of the growth in land membership, Go Row “pay as you go” session income has fallen slightly on the prior year.
Grants and donations
The Club received a grant of £2,760 from Sport England, facilitated by British Rowing, for the purchase of 4 new Concept 2 ergometers and a grant of £200 towards the costs of the Hannover exchange from Bristol Hannover Council.
Restricted donations in previous periods amounting to £9,000 plus interest were returned to member Steve Howie, at his request, following the Trustees decision to discontinue the Club House Redevelopment Project on feasibility grounds. Provision has also been made to return the associated Gift Aid claimed of £1,500 to HMRC. The remaining balance of £179
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
has been transferred to General funds and the dedicated Bank of Scotland bank account closed.
Expenditure
Gross expenditure was £20,877 higher than the previous year – £86,743 compared to £65,866.
The emergency tree works cost £8,460 and as at the 31[st] March £6,600 had been spent on repairing Avery’s boat house roof following the damage caused by one of the falling trees. The latter, together with subsequent spend completing the roof works, will largely be recovered as a claim on the Club’s insurance policy. The balance of building costs include a £3,570 increase in electricity costs due to tariff changes, £1,180 for lighting upgrades and repairs, £912 on door repairs and £280 on a replacement water pipe.
Freelance trainer expenditure reduced by £852 with a £922 reduction in rowing coaching offset by a £70 increase in land based coaching.
Events include the annual dinner and attendance at the World Rowing Masters Regatta 2023 and are reported on a net basis and are budgeted to break even.
Boat repairs and maintenance remained broadly flat at £11,145 due to a combination of accidental damage and the increasing age of the fleet necessitating refurbishment and remedial work. 3 boats were refurbished (Ariel, Dash and Badabing) and professional repairs made to 5. (KoN, Meg, Magician, Ariel 1 and Ceres).
Security alarms, trailers, defibrillator, fire extinguishers and launches were all serviced and, where appropriate on a cost benefit basis, upgraded, in the year as part of the normal activities.
The depreciation charge increased by £2,123 year on year based on the asset costs as set out in the accounting policies.
The increase in insurance premiums is mainly attributable to a review and consequent increase of the sums insured and rebuild costs prior to the 2023/2024 renewal.
Bristol Ariel does not employ any staff members. Two freelance, self-employed coaches are contracted to run Go Row Indoor classes and additional coaches have been contracted intermittently to provide coaching for ‘water’ rowers.
Reserves Policy
The Trustees have put a Reserves Policy in place primarily to hold funds to mitigate unforeseen emergency and operational costs and consequent troughs in cashflow, (“designated funds”).
The Reserve is sufficient to cover approximately 6 months of running costs and includes an element for timely replacement of equipment essential for the safe operation of the club activities.
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Bristol Ariel Rowing Club
01 April 2023 to 31 March 2024
The Trustees have agreed to maintain designated funds to £30,000 - £23,000 designated for contingency/running costs and £7,000 set aside for the equipment (including launch motor replacement).
The Trustees are also mindful of the members’ request, as voted at the 2020 AGM, to set aside 10% of annual income as a building fund.
The Club’s land and buildings have several known risks (including the trees, riverside and landing stage) that will require further planned works and unplanned emergency works.
The Trustees have considered a prudent approach to ensuring that the ongoing viability of the charity is not compromised by the above and other risks.
Decisions about spending outside of the annual budget for routine running costs is proposed by the committee and approved by the Trustees.
Forward look
The Club continues to face an increase in overheads. The trustees are aware that the boat fleet is aging and would wish to use some club resources on additional or updated boat(s) in the forthcoming year whilst continuing to improve the safety and fabric of the club property.
The Trustees will monitor how the above develops 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.
Declarations
The trustees declare that they have approved the report above.
Signed on behalf of the CIO trustees
Geoffrey Howe Lester President
Date: 01 October 2024
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Bristol Ariel Rowing Club Report l April 2023 to 31 March 2024 Independent Examinerfs Report I report to the charity trustees on my examination of the accounts of Bristol Ariel Rowing Club for the year ended 31, March 2024. Responslblllty and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111'the Act'l. Having satisfied myself that the accounts of Bristol Ariel Rowing Club are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your charity's accounts as carried out under section 145 of the 2011 Att and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examination. I conflrm that no material matters have come to my attentlon Sn 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 wlth those records; or 3. The accounts do not comply with the applicable requlrements 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 falr view which is not a matter considered as part of my independent examination. I have no concerns and have come across no other matters in connectlon with the examinatlon to which attention should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. David Baptiste ACPA Linden Accountant Limited Scrapstore House 21 Sevier Street St Werburghs Bristol B52 9L8 01 io
BRISTOL ARIEL ROWING CLUB
STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)
YEAR ENDED 31 MARCH 2024
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Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Note £ £ £ £
INCOME
Income from generated funds
Rental income 4,350 - 4,350 4,000
Activities for generating funds 2 2,074 2,760 4,834 7,364
Grants receivable 3 1,315 (4,674) (3,359) 5,200
Income from charitable actitivies 4 54,022 - 54,022 49,833
Other income 665 - 665 19
Insurance reclaim 6,539 6,539 -
TOTAL INCOME AND ENDOWMENTS 68,965 (1,914) 67,051 66,416
EXPENDITURE
Expenditure on generating funds 5 30,631 - 30,631 18,295
Expenditure on charitable activities 6 54,949 - 54,949 47,571
TOTAL EXPENDITURE 85,580 - 85,580 65,866
NET INCOME/(EXPENDITURE) (16,615) (1,914) (18,529) 550
Balances brought forward 267,834 15,693 283,527 282,977
Gross Transfers Between Funds 12 13,779 (13,779) - -
Balances carried forward 264,998 - 264,998 283,527
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The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 13 to 17 form part of these financial statements
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BRISTOL ARIEL ROWING CLUB BALANCE SHEET YEAR ENOED 31 MARCH 2024 2024 2023 Note FIXED ASSETS.. 196,608 202,857 CURRENT sET5. 17,671 92 58.075 75.838 9,777 92 76,301 86170 SIOCk Cash at bank and in hand CURRENT LIABILITIES.. io 17,447 s.5) Ne.T current assers 68,39) 80.670 NET ASSETS.. 264,998 283527 FUNOS Gtneral funds 12 12 12 12 223,030 30,0 11,968 224,S46 30.( 13.288 15,693 264.998 283527 Th¢sÈ linan¢i•l 51alemen15 were approved by Ihe Trustee5 and authorised lor issue on '.ttarity Re8isiration Number.. 1185174 The noies on p3ges 13 10 17 form pari of these financi31 statements 12-
BRISTOL ARIEL ROWING CLUB NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) issued in July 2014, and applicable UK Accounting Standards and the Charities Act 2011.
Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal.
Income
All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of income can be measured with sufficient reliability.
Income from donations is included when these are receivable, except as follows:
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When the donors specify that the donations given to the charity must be used in future accounting periods.
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When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Income from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that agree all costs related to the category. Support costs have been allocated 100% towards the charitable activities of the charity.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue its operations for the foreseeable future and therefore they have continued to adopt the going concern basis when preparing the financial statements.
Governance costs
Governance cost include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its independent examination fees and costs linked to the strategic management of the charity including trustee expenses.
Tangible fixed assets and depreciation
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset, over its expected useful life. The rates used are 2% reducing balance on freehold property and improvements and 10%-15% reducing balance on other fixed assets.
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BRISTOL ARIEL ROWING CLUB NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
- 2 ACTIVITIES FOR GENERATING FUNDS
| Events Fundraising & Donations Donated Goods - Sport England GRANTS RECEIVABLE EasyRow Engagement Project Development Fundraising Hannover Exchange INCOME FROM CHARITABLE ACTIVITIES Membership Subs Racking Learn To Row GoRow Indoor Income Sundry Income |
Unrestricted Funds £ 543 1,531 - 2,074 Unrestricted Funds £ 1,115 - 200 1,315 Unrestricted Funds £ 45,118 1,497 3,780 3,012 616 54,022 |
Restricted Funds £ - - 2,760 2,760 Restricted Funds £ 5,152 (9,826) - (4,674) Restricted Funds £ - - - - - - |
Total Funds 2024 £ 543 1,531 2,760 4,834 Total Funds 2024 £ 6,267 (9,826) 200 (3,359) Total Funds 2024 £ 45,118 1,497 3,780 3,012 616 54,022 |
Total Funds 2023 £ 32 7,332 - 7,364 Total Funds 2023 £ 5,000 5,000 200 10,200 Total Funds 2023 £ 44,144 490 225 4,606 368 49,833 |
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3 GRANTS RECEIVABLE
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4 INCOME FROM CHARITABLE ACTIVITIES
5 EXPENDITURE ON GENERATING FUNDS
| Building Costs Events Freelance Trainers |
Unrestricted Funds £ 25,433 153 5,045 30,631 |
Restricted Funds £ - - - - |
Total Funds 2024 £ 25,433 153 5,045 30,631 |
Total Funds 2023 £ 9,931 2,467 5,897 18,295 |
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BRISTOL ARIEL ROWING CLUB NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
6 DIRECT CHARITABLE EXPENDITURE
Charitable Activities
| British Rowing Fees Boat Licences Boat Repairs & Refurbishments Equipment Maintenance Training Support Costs Telephone and Internet Finance and Admin Professional Fees Advertising and Marketing Licences and Subscriptions Bank Fees Other Governance Costs Independent Examination Fee Depreciation Insurance Total direct charitable expenditure |
Unrestricted Funds £ 1,180 1,000 11,145 3,904 76 573 941 189 508 324 872 170 20,883 Unrestricted Funds £ 990 21,741 11,335 34,066 54,949 |
Restricted Funds £ - - - - - - - - - - - - - Restricted Funds £ - - - - - |
Total Funds 2024 £ 1,180 1,000 11,145 3,904 76 573 941 189 508 324 872 170 20,883 Total Funds 2024 £ 990 21,741 11,335 34,066 54,949 |
Total Funds 2023 £ 1,206 - 11,014 2,033 861 921 1,299 300 356 180 827 78 19,075 Total Funds 2023 £ 936 19,624 7,936 28,496 47,571 |
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7 CORPORATION TAX
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
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BRISTOL ARIEL ROWING CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
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8 TANGIBLE FIXED ASSETS
Land & Boats & Other
Buildings Equipment Equipment Totals
£ £ £ £
COST:
At 1 April 2023 143,356 104,715 16,726 264,797
Additions - 11,531 3,960 15,491
At 31 March 2024 143,356 116,246 20,686 280,288
DEPRECIATION:
At 1 April 2023 10,274 46,803 4,863 61,940
Charge for the year 2,867 17,168 1,706 21,741
At 31 March 2024 13,141 63,971 6,568 83,681
NET BOOK VALUE:
At 31 March 2024 130,215 52,275 14,118 196,608
At 31 March 2023 133,082 57,912 11,863 202,857
9 DEBTORS
2024 2023
£ £
Trade Debtors 8,795 8,168
Prepayments 1,755 1,027
Other Debtors 7,120 582
17,671 9,777
10 CREDITORS: amounts falling due within one year
2024 2023
£ £
Accruals 4,560 936
Key Deposit Creditors 1,826 1,682
Trade Creditors 397 782
Other Creditors 664 2,100
7,447 5,500
11 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Fixed Assets 196,608 - 196,608 202,857
Current Assets 75,838 - 75,838 86,170
Current Liabilities (7,447) - (7,447) (5,500)
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264,998 264,998 283,527
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BRISTOL ARIEL ROWING CLUB NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12 ANALYSIS OF CHARITABLE FUNDS
| Analysis of Fund movements Unrestricted funds: General funds Designated funds Building funds Restricted funds: Development Fundraising EasyRow Engagement Project Sport England - ERGS Total |
Balance Income Expenditure Transfers Fund b/fwd c/fwd £ £ £ £ £ 224,546 68,965 (84,260) 13,779 223,030 30,000 - - - 30,000 13,288 - (1,320) - 11,968 267,834 68,965 (85,580) 13,779 264,998 Balance Income Expenditure Transfers Fund b/fwd c/fwd £ £ £ £ £ 10,693 (9,826) - (867) - 5,000 5,152 - (10,152) - - 2,760 - (2,760) - 15,693 (1,914) - (13,779) - 283,527 67,051 (85,580) - 264,998 |
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Development Fundraising
A donation from one of the members, Steve Howie, towards the development of a new clubhouse has been returned, following the decision not to proceed.
EasyRow Engagement Project
A grant from British Rowing to help fund the purchase of RowSUPS used to introduce members of the public to rowing.
Sport England - ERGS
A grant from Sport England to help fund the purchase of 4 Concept 2 Model D Ergometers to support the development of Go Row and participation.
Transfers Between Funds
The transfers are in respect of restricted fund balances and/or assets purchased, where the fund activity has concluded and/or purchase of the assets has been completed and the Trustees consider the balance and/or asset to now be used as they see fit and is therefore moved to unrestricted funds.
13 RELATED PARTY TRANSACTIONS
There were no related party transactions between the charity and the trustees or persons or entities connected to them during the year.
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