REGISTERED COMPANY NUMBER: 10347810 (ENglttnd #nd Wales) REGISTERED CHARITY NUMBER: 1185245 REPORTOFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST2023 FOR CHISWICK ROWING TRUST
CHISWICK ROWING TRUST CONTENTS OFTHE FINANCIAL sfATEMENTS for the Yr Ended 31 August 2023 Page Report of the Trustees Independent Examiller's Report Stotement of Fin8neial AetiVTties B8lanee Sheet Not¢$ to the Fln#n¢i#l Ststements 5 to 8 Detailed Statement of Financial A¢tivities
CHISWICK ROWING TRUST REPORT OFTHETRUSTEF.S for th¢ Year Ended 31 August 2023 The Irustees who are 8150 director5 of the charity for the purposes of th¢ Companie5 Act 2006. present their report with the financial 51aternent5 Of thE charity for Ilie year ended 31 August 2023. 'fhe trusteC5 havc adopted the provisions of Accounting and Reportin8 by Charities= Statement of Recominended Prdctice applicable to charities preparing their a¢counts in a¢¢ordaTice with the Financial Reporting StaRdard applicable in the UK and Republic of Ireland (FRS 102) {effe¢tive l January 2019). The TTU5t was initially incorporated as a Company Liinited by Guarantee in 2016 but did not ¢ommen¢e activities until early 2019 whilst it changed ils articles of a55QClation and applied for ¢haritable Status that w&% achi¢ved oil th¢ 10th Sepiember 2019. The Object5 of the Charity are the promotion of Community Participation in healthy recreation and the advancement of Pliysical Edutaiion by tlie provision of facylities for Rowin8 and Other Sport for the benefit of the Inhabitants of West London and surrounding area5,School age pupils. University students.and other young person and such other persons who have need for such facilities by reason of their youth age, infirmity or disablement, poverty or Social and Bconomic Circumstances or for the Public a¢ large in ih¢ interests of Social welfare and with the obj¢ct of improving their condition5 Of life. STRucfuRE, GOVERf4ANCE AND MANAGEMENT Cioverning (Jooument Tlic charity is controlled by its governin6 do¢umenL a deed of trns4 and constitutes a limited company, limited by iuaraniee. as defiiied by the Companie5 Act 2006. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Comp8iJy number 10347810 (England ad Wales) Registereil Charity number 1185245 Regist¢r¢d office l Golden Court Riclitnond Surrey TW91EU Tru5tee5 M Cook Director Ms H Cook Director D Hughe5 Director D P King Director W J Medlicott Director 8 O'BI'ien Director R A White Director Company Secretary This report has been PTep8red in accordance with thc special provision5 of Part 15 of the Companie5 Act 2006 relating lo small companies. Approved by order of the board of tru5tee5 on 29 May 2024 Ènd Signed on its behalf by.. D Hughes- Trustee Page I
INDEPENDENT CXAMINER'5 REPORTTO THE TRUSTEES OF CHISWICK ROWING TRUST Ind¢pend¢nt examincr's report to the triistees of Chiswick KowlnE Trust ('the Company,) I report to the charity tNs¢¢es on my ¢xamin&tion of the accounts of ihe Compony for the year ende4J 31 August 2023. Re5pofbsibllltits #nd b85is of report A5 the chai"ity's trust¢¢s of the Coillpaiiy (and a150 Ils directors for the purp05es of company law) you are responsible for tlie preparaiion of the accounts in accoTdaiice with the Ttquirements of th¢ Coinpanies Act 2006 {'the 2006 Act,). Having 5a115fEed my%elf that the accounts of the Company are not required to be alldiled under Part 16 of the 2006 Act and are eligtble for Independent exaimination. I rLport in respeci of my examination of your charity5 accounts as carried out under Section 145 of the Charities Att 2011 I'the 2011 Act'l. In carrying out my examination I have followed ihe Direction5 given by th¢ Chariry Commission under S¢¢rion 145(3) (b) of the 2011 Act. Independent ex#mither'$ stAtement I have eompleted my cxamination. I confirni fh&i no matiers have ¢ome Lo my attention in conneciion with the examination 8ivin8 ille cause to believe.. accountEng records were not kept in respeci of the Company as required by Section 386 of the 2006 Aci,. or the accounts do not aCfOTd with those recoTd$.' or the accounts do not comply with the accoullting requiTements of Section 396 of the 2006 Act other thATh any r4uirement that the accounts give a true and fair view whi¢h is not a matter considered as part olan independent examination., or Ihe accollnts have not been prepared in accordance with The methods and principle5 of the Statement of Recomimended Practice for accounting and reporting by charities (applicable to chariiie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021). I have no concerns aiid have corne acros5 no other matters in connection wilh the examination to which attentiorh should bt drawn in thi5 report it* order io enable a proper understanding of the accounts to be rcaclied. Amanda Alinglon Chartered Accountant Tlie Institute of Cliariered A¢¢ounianis in Eftgland and Wales Date.. Page 2
CHISWICK ROWING TRUST STATEMENT OF FINANCIAL ACTIVITJIS for the Yegr Ended 31 August 2023 2023 2022 Total fund5 Unrestrieted furjd Notes INCOME AND CINDOWMENTS FROM Other irading activities Other incom¢ 1,855 52,890 5,480 56,050 Toial 54,745 61,536 EXPENDITURE OIY Charitable Hctivi*ies Charitable Graii15 Made 12,449 5283 Other 42.483 43,941 Total 54,932 49,224 NET INCOMEI(EXPENDITURE) (187) 12,312 RECONCILIATION OF FUNDS Total tunds brouk>hi foTward 14,757 2.445 TOTAL FUNDS CARRIED FORWARD 14,570 14,757 The notes fom part of These financial statements Page 3
CHISWICK ROWING TRUST BALANCE SHEET 31 August 2023 2023 2022 Total funds Unrestricted fulld Notes CURRENT ASSETS Debtors Cash at bank 24,573 12,585 25,243 8.624 37,158 33,867 CREDITORS Amounts falling dy¢ within one year (22,588) NET CURRENT ASSETS 14570 14,757 TOTAL ASSETS Lf.ss CURRENT LIABILITIES 14570 14.757 NET ASSETSI(LJABILITIES) 14.570 14,757 FUNDS Unresiricted fund5 14,570 14,757 TOTAL FUNDS 14,570 14,757 The charitable coinpany is eniitled to ¢xeniption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the etstllpany to obiain an audit of its financial statements for the year ended 31 August 2023 in accordance with Sectioi) 476 of the Companies Aci 2006. The trustees acknowledge their re5POll5ibilities for (a) ensurinLi that the charitable company keeps a¢¢ounting records that Comply with Sections 386 and 387 of the Companies A¢t 2006 and prepartng rtnancial statetn¢nlS which give a true and fatr view of the 5tatr of affairs of the eharitable Company as at the end of each financial year and of its surplu5 or deficit for each finaneial year in accordance with the requirements of Sections 394 and 395 and which oiherwise Comply with the requirements of the Companies Act 2006 relating io finaneial Statements, so far as applicable io the charitable company. (b) These financial statements have been prepared in accordance with rhe provisions applicable to charitable companies subjeci to Ihe sma51 companie5 r¢8ime. The financial siaiemenis were approved by the Board of Trustee5 and authorised for issue on 29 May 2024 and were 518ned on lis behalf by.. D Hughes- Tntstee The notes forni part of these finan¢ial staternents Page 4
CHISWICK ROWING TRUST NOTES TO THE FINANCIALSTATEMENTS for the Year Ended 31 August 2023 ACCOUNTING POLICIES Basis of preparing the financial Statements The financial staternents of the charitable ctsmpany, which is a publi¢ benefit entity under FRS 102. have been Prepared in accordanee with the CliaTltics SORP (FRS 102) 'Accounting and Reporting by Charities- Siateinent of R¢¢ommended Practicc applicable to cliaTltics preparing their accounts in aecord2nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 2019)., Financial Reporting Standard 102 'The Financidl Reporcing Standaiyi applicable in the UK and Republic of Ir¢land' and the Companies Act 2006. The finaiicial statements have been prepared under the histoiical cost convention. lrteomc All income 15 Tecognised in the Staternent of Fsnan¢ial Activities once the charity has entitlement to the funds, it is probable tliat the income will be received Aiid the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon a5 ther¢ is a legal or constructive obligation committing the charity to that expenditure, it is probable thai a transfer of economic benefils will be r¢quired in settlement and Ihe amount of Ilie obligation can be rnea511red reliably. Expenditure is accounted for on an accrua15 ba515 and has been Classified under headinLs thai agL>regate all cost related to the category. Where cosis cannot be dir¢ctly attributed to particular headirEgs tliey have been allocated to activities on a basis consistent with the use of resou¢5. Grants offered subject to condiiions which have not been m¢t at the year end date Are noted a5 2 commitment but not accrued as expenditure. Taxation The charity is exempt from eorpordtion tax on its charitable activities. Fund aoeounting Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trusiees. Restricted funds can only be used for particular rLStri¢t¢d purposes wiihin the object5 of the charity. Re5triclion5 ari5¢ when specified by the donor or when fund5 are raised for particular re5tri¢i¢d purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. OTHER TRADING ACTIVITIES 2023 2022 Fundraising events 1.855 5,480 TRUSTEES, REMUIYERATION AND BENEFITS There were no trust¢e5' remuneratEon or other benefits for the year ended 31 August 2023 nor for th¢ year end¢d 31 August 2022. Trustt¢s' expenses There were no 31 August 2022. trustee5' exp¢nses paid for the year ended 31 Augusf 2023 nor for the yew ended Pa8e S continued..-
CHISWICK ROWIIYG TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued for the Year Ended 31 August 2023 STAFF COSTS The moDihly average number of employees during the year wa5 nil (2020.. nil). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrict¢d fijnd INCOME AND ENDOWMENTS FROM Oih¢r trading activiti¢5 Other income 5,480 56,056 Tot81 61,536 EXPENDITURE ON Charitable aetivities Charitable Grants Made 5,283 Other 43,941 Total 49,224 NET INCOME 12.312 RECONCILIA TION OF FUNDS Total funds brouglir forward 2,445 TOTAL FUNDS CARRIED FORWARD 14,757 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtor5 Other debtors 24573 21,887 3.356 24.573 25,243 Page 6 continu¢d...
CHISWICK ROWING TRUST r40TES TO THE FINANCIAL STATEMENTS- coNttnued ror the Year Ended 31 August 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Oiher creditors Ac¢wals and deferred income &098 &250 9240 7,700 5,250 6,160 22,588 MOVEMENT IN FUNDS Net movement in fiEnds At 31.8.23 At 1.9.22 Unrestricted funds G¢neral fund 14,757 {187) 14,570 TOTAL FUNDS 14,757 (187) 14.570 Net movement in nds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 54,745 {54,932) (187) TOTAL FUNDS 54,745 (54,932} {187) Comparative$ for moveN]ent in funds Net movement in funds At 31.8.22 At 1.9.21 Unrestricted funds General fund 2.445 12,312 14.757 TOTAL FUNDS 2,445 12.312 14.757 Page 7 continued...
CHISWICK IIOWING TRUST NOTES TO T14E FINANCIAL STATEMENTS- eontinued for the Year Ended 31 August 2023 MOVEMENT IN FUNDS- contlEiued Comparative net movement in fund5, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 61,536 (49224) 12,312 TOTAL FUNDS 61.536 {49224) 12,312 A ¢urrent year 12 months and prior year 12 months combined position 15 &5 follow5.. Net tnovEtnent in funds At 31.8.23 At 1.9.21 Unrestricted funds Gener21 fund 2,445 12,125 14,570 TOTAL FUNDS 2.445 12,125 14,570 A current year 12 months and prior year 12 months combined net movement in fijnds, in¢luded in the above are a5 follows.. Incoming resources Resources expended Movement in fund5 Unrestricted funds General fund 116.281 (104.156) 12,125 TOTAL FUNDS 116.281 (104,156) 12,125 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2023. Page 8
CHISWICK ROWING TRUST DETAILED STATEMENT OF FINANCIAL AcfiviTIES ror the Ye¥r Ended 31 August 2023 2023 222 INCOME AND ENDOWMENTS Other tradine aetlvitles FuiiaiaisinLJ evenis 1,855 5,480 Other ineomt Rental Incom¢ From the Sile 52,890 56.056 Totgl incoming resources $4,745 61,536 EXPENDJTURE Charitable actlVLtÈes Jranis Made IlJ15 4.835 Other R¢Dtal Payable to QHT 41483 43,941 Support Costs FirEanc¢ Insurance 1,134 448 Total resources exp¢nded 5{932 49,224 Net lexpendlturellincome {187) 12.312 This page doe5 noc fomi part of the statutory financial siaiement5 Page 9