l)KI%TC)I ,11; Iri I;(7Ii'lNC QLL114 1870 Vi.5 l..K,: Bristol Ariel Rowing Club Trustees Report and Financial Statements Period 01 April 2024 to 31 March 2025 Charity Number: 1185174 Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 The report cover5 the period from 151 April 2024 until the end of the club's financial year on 315t March 2025. Reference and Administrative Details: Charity name: Alternative name: Bristol Ariel Rowing aub BARC Charity registratlon number: 1185174 Address: Bristol Ariel Rowing Club Pump House Lane Brislington Bristol BS4 4RQ Trustees: Emma Hall (until 09 February 20251 Sandra Jones lfrom 09 February 20251 Philip Andrew Moore Treasurer Geoffrey Howe Lester President Paul James Lowe Captain Richard James Nelson Accountants: Linden Accountants Scrapstore House 21 Sevier Street St Werburghs Bristol, B52 9LB Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 Report of the trustees The trustees present their report and the audited financial statements for the period l April 2024 to 31 March 2025. Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements and the Stotement of Recommended Prurtice Accounting and Reporting by Chorities IFRS102, effective from January 20151 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 rowin¢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 invlted to complete a skills audtt 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 Charitys AGM. During the reporting period one appointed trustee, Emma Hall. stood down and a further trustee, Sandra Jones was appointed. Trustees are referred to guidance and training texts and on-line courses run by NCVO. Club member5 and non-members are invited to express interest in being appointed as trustees at anytime. Management structure and wider relatlonships 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 le.g. the Captain leads a -Rowing Team" including volunteer lead coaches. squad captains and volunteer5 for boats and gyrn maintenance). The club operates under rowin¢s governing body, British Rowin& and 15 part of British Rowing's Wessex, Avon, Gloucester & Somerset IWAGSI division. Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 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 objertive over the period is normally focussed on: Attracting new participants to the sport,. Providing facilities, equipment and cooching to enable athletic development and participation in athletic competition. both on the water and indoor rowing: Promoting the health benefits of indoor rowing as a physical artivity. The charity is not a grant awarding bodv. 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 PBI, PB2, P83, CC3 & CC4. In pursuit of its objectives durlng the year the club has: 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- Maintained the existing clubhouse, boathouses, club grounds and gym to ensure fitness for purpose and safety of users; 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; Organised an autumn 2024 "Learn to RO￿ programme in a revised format concentrating on sculling in collaboration with British Rowing's "Olympic Activation" project: In collaboration with the London Youth Rowing charity's Bristol Hub project we have facilitated delivery of indoor and water rowing sessions for a number of local schools as a proof of concept. Planning is in pro8res5 for wider delivery for the summer of 2025. 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: Participating actively in British Rowing's initiative for a sport activation and development hub covering Bristol and Bath: Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 Considering several avenues lor further fund raising to increase boat numbers to enable participants to move through from learn to row to established squad5 at the club. This will increase our capacity to take on more new rowers in the future; 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: 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 equiprnent might facilitate this,. Planning protection of the club members, site and buildings from damage by aging or diseased trees on and adjacent to our site. Contributlons 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: Squad co-ordination: Coaching,- Trailer towing to training and competitive events- Leading on maintenance and repair of club 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 RO￿ course5 for adults new to the sport; Marketing and social media communications; Organisation of social attivities. Many other short projects and developments have also facilitated safe and secure delivery and development of the dub'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. Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 Achievements and Performance In delivery of the objective and attivities programme during the period we have= Delivered a sculling only Leam to Row course in the spring and early summer of 2024 using the format established in 2023. This consists of a Level one and 2 Level two enabling the opportunityfor 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. Many of those completing the Learn to row course have subsequently joined the club as full members in the Novice Squad. Mindful of a surge in interest in an Olympic year British Rowing initiated an "Olympic Activation" projett supporting Learn to Row activities during the late summer and autumn. The club engaged with this project although completion of the course took longer than intended because of poor weather and river conditions. Following the 2023 proof of concept we ran 14 ROWSUP sessions between June and September introducing a further 32 new individuals to the sport. Some of these went on to join the autumn Learn to Row course and have become confirmed members. The introductory 5e5sions run by London Youth Rowing with local schools engaged with 5 different groups including one interviewed by the local ITV news channel. Go Row Indoor IGRI} 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. Classes have a distinctly high female participation and a developing social aspect which contributes to the health and well-being aspect of the artivity. 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: During the year the stability of trees adjacent to the club property has remained a concern. In the interests of member and visitor Safety and protection of the property a programme of further monitoring and tree maintenance is being developed; The roof damaged by a tree fall last year has now been replaced and work is in progress for a major refurbishment of this club asset wtth a view to making better vse of the facility for the benefit of all members- The Club had a successful year at local and national competitive events across the range of club squads including Brit15h Rowing Indoor Championships and entered the Euromasters regatta in Munich in July 2024. Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 Training and on-the-water activities during the autumn of 2024 were severely disrupted by repeated periods of hea￿ 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. Flnanclal Review Review of financial position at 31 March 2025 The period from April 2024 to March 2025 15 the f￿h full year of Bristol Ariel Rowing Club as a CIO. By the end of this period. the Charity held net assets of £271.953 comprised of- Fixed assets: £179,787 with net current assets of £92.166. The 24-25 financial year continued the retum to normal operations following the pandemic, with a refocus on maintaining and upgrading the existing Club buildings and facilities. The Club has continued to invest in the facilities and equipment to help meet its charitable objertive5. This included the following spend on a mix of both water and gym equiprnent to seNe the membership. £5,250-Second hand Sims Eight'Tempes £500 - Two Swift sculling boats. -catch" and "Drive" Main sources of Income Mernber5 subscriptions remain the largest source of income with land membership continuing to show good growth. Grants and donations The Club received £2,0(L) from British RowinE as part of British Rowing Summer Learn2 Row Support Grant. and a further £1.829 in respect of booking fees. Expenditure Gross expenditure was £9,701 lowerthan the p￿VIouS year-£75.879 compared to £85,580. Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 Work continued repairing Avery5 Wlth a further £10,824 spent completing the roof works, £2,640 insulatin& boarding and plastering the ceiling and £302 for skip hire. £12,601 was recovered from the Club's insurance policy. The balance of building costs include £1.501 for offsite storage and a £5(M) voluntary contribution to repairs to the access road. Freelance trainer expenditure increased by £1,850 with a £3,292 increase in rowing coaching offset by a £1,442 decrease in paid land based coaching. Events include the annual dinner and attendance at the European Rowing Masters Regatta 2024 in Munich and are reported on a net basis and are budgeted to break even. Boat repairs and maintenance reduced year on year by £6,791 to £4,082. Larger items included new riggers for Iris, cox box cables. speakers and microphones Security alarms, trailers. defibrillator, fire extinguishers and launches were all serviced and, where appropriate, on a cost benefrt basis, upgraded, in the year as part of the normal activities. The depreciation charge increased by £829 year on year to £22,571 based on the asset costs as set out in the accounting policies. Insurance premiums rose by 3% to £11.683. 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'waterf rowers. ReseThes 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, I'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. The Trustees have agreed to maintain designated funds of £30.000, - £23,IX)O designated for tontingency/running costs and £7,(K)O set aside for the equipment (including launch motor replacement). The Club's land and buildings have several known risks (including the tree5. riverside and landing Stages) 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 cornmittee and approved bythe Trustees. Bristol Ariel Rowing Club 01 April 2024 to 31 March 2025 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 boatlsl appropriate to the needs of the membership in the forthcomin8 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 2025-2026 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 trustee5 Geoffr y Howe Lester President Date: Bristol Ariel Rowing Club Report l April 2024 to 31 March 2025 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 2025. Responsibility and basi5 of report As the charitvs tTUStees, you are responsible for the preparation of the accounts in accordance wtth the requirements of the Charities Act 20111.the ACVI. Having sat15fied myself that the accounts of 8ristol Ariel Rowing Club are not required to be audited under Part 16 of the 2(K)6 Act and are eligible for independent examination, I report in respect of my examination ofyour charl￿5 accounts as carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under sectlon 1451Sllbl of the Att. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in tonnection with the examination giving me cause to believe- l. Accounting records were not kept in accordance with sertion 130 of the Charities Att; or 2. The accounts do not accord with those records.- or 3. The accounts do not comply with the applicable requirements conceming the ft>rm and content of accounts set in the Charities IActounts 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 concerns 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 Limrted Scrap5tore House 21 Sevier Street St Werburghs Bristol BS2 gLB Date. ffjl.I io BRISTOL ARIEL ROWING CLU8 STATEMENT OF FINANaALAcfiMTrÉs Ilnduding Income and Exwditure hm)untl YEAR ENDED 31 MARCH 2025 T<>tsl Fund5 2025 Totsl Fund5 2024 FuThJs Funds INCOME Income from generated funds Rental Income Activities for generating funds Grants receivable Incorne froln charitsble acbtDiies InvestTnent5 incorne Insuran￿ reclaim 4JCI) 2519 3.829 58.051 4,2(XJ 2,519 3,829 58.051 1,634 12.601 4,350 4,834 13,3591 54,022 665 6,539 12,S)I TOTAL INCOME AND ENDOWMENrs 82.834 82.834 67,051 EXPENDITURE Expenditure on 8enerating funds Expenditure on Charits￿e artivmes 25.572 50,307 25,572 50,307 30,631 54,949 TOTAL EXPENDITURE 75.879 75.879 85,580 INCOME/IEXPENDITUREI 6.955 6.955 118,5291 BaLince5 brov8htfmvard 264,997 264,997 283,527 Gr￿ Transfers Beiween Fvnd5 Balances carrfed forward 271,952 271,952 264,997 The tharity h05 no rec￿nised gains or Igsse5 Other than the resu￿ forthe year as set outabove. All of the artNiaes ofthe tharty are dassed ascontinuiTr8. The ￿te5 on pages 13to 171orm part of these finèntial statements BRISTOL ARIEL ROWING CLUB BALANCESHEEr YEAR ENDED 31 MARCH 2025 2024 FIXEDASSErs: Tai8ible a55etS 179.787 196.60B CURRE￿ ￿￿Er￿. Debtors Stock Cash at bank and in han 11.810 92 90,233 102,135 17,671 92 58,074 75,837 CURREPff UABIUnES: Creditors.. falling due within one year io 19.9701 17,4471 Nèt currentassets 92,165 68J89 NEfASSET5.. 271,952 264,997 FUNDS General funds De518nated funds Building funds 233.845 30,(MA) 8,107 223.030 30.OC(I 11,968 271,952 264.997 These financial statements were approved Erythe Tw5tee5 and alrth0r￿ed for issue oTh.......... rKI are signed on their tehalf by". ees Chartty Registration Number.. 1185174 ThÈ notes on pa8es 13 to 17 form part of ihese finandal skntemÈnts BRISTOL ARIEL ROWING CLUB NOTE5 TO THE FINANaAL STATEMEKrs YEAR ENDED 31 MARCH 2025 l AccouNnNG POUCIES unlin£ corwefition The finanoal 5t3tements have been prepared vnderthe historit tost convention. The financial statements hive been prepared irTr accordance with the Statement of Recommended PrattiTr'. Accouniing and Reporting try Ch?rtties IFRS 102 SORPI issued in July 2014, and applicable UK Accounting Stsnd4rd5 and the Charities Att 2011. Funds stNrture Unrestricted incomE fund5 CornP￿se those fundswhmth the trustees Bre free ro use for any purtx>se in fvrtherance of the charitable objects. unrestrict￿ funds Include desi8nated lunds where the trustees, at their discretion. have set aside resource5 for a specific purpose. Restricted funds 8re funds whlih 4reto be used in a£Corth￿eWl1h 5pe(yfic restrKtions imposed by the donor or the terms of a s￿(1T1C appeal. Income All in£otne is recognised orKe the chènty ha5 enttilement tothe re￿￿f£es. it is tertain that the resouKeswill be re￿Ived 3nd the monetary value of income tan be tnea5ured with sufficient reliability- Income from donations Is included when these are receI￿￿ble. ex￿pt as fi￿lOWS- - When the donors 5PEcfythat the donat￿)n$ 8Nen to the tharityrnust be used in ftsture accountyng - When donors irnp05e conditions which have to t* fuffilled before the tharity b￿0￿e$ entived to use such intome, the income is deferred until the pre