REGISTERED COMPANY NUMBER: J0347810 (England and Wale5) REGISTERED CHARITY NUMBER: 1185245 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR CHISWICK ROWING TRUST
CHISWICK ROWING TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the year Ended 31 August 2024 Page Report of tlje Trustees Ind¢peniienl Examiner's Report Stgtement of Financial Aetivities 1391gn¢e Sheet Notes ¢0 the Financial Stxtements 6 to 10 Detailed Statement of Financial Activili¢s
CHISWICK ROWING TRUST REPORT OF THE TRUSTEES for the Year End¢d 31 August 2024 Tlie twstees who are also directors of the charity for the purposes of the Companies Att 2006. present their report with the financial statements of the chariry for the year ended 31 AubFUSt 2024. The trust¢es have adopted the provisions of AccoLJntingi and Reporting by Cliarities.. StateTnellt of Recommended Practice applicable to charities preparing their ccounis in accordance with the Financial Reponing Stsndard applicable in the UK and Republic of IrelaiTrd (FRS 102) (effective l January 2019). 'l-li¢ Objects of the Cliarity are the promotioii of Communiry Participation in healthy recreation and the advanceinent of PIIv5ical Education by tlTr¢ provision or racilities for Rowing aiid Otlier Sport for tlie benefit of the Inhabitants of West Londoii aiid surrounding areas,School pupils, Universiry Studeiits,and other young person and sucli otlier persons have need for such laciliiies by reason of their youth aoe. infirmity or disablement, poverty or Social aiid l=cononiic Circumstances or for the Public at large in the interests of Social welfare and with the object of inipi'ovin" During the year tlie Charity embarked on a project to raise funds for the fit-out of the refurbished Quintin Boathouse at Cliibivick. Monies raised during the year are shomm as restiicied funds. Fundi'aising is continuillg in 2024125. -I'hese tonctlicr iviih uenLral funds arc ini¢nded to be used to make tliis facility accessible to a wide range of users, once the biiildini? Is complcte. Completion is planned for Noveniber 2025 .%TIIVCTURE, GOVERNANCE AND MANAGEMENT Coverning ducument Tlie chariry is contiolled by ils governing document. a deed of trust, and constitutes a limited company, IiTniied by gTuar8ntee. as defined by the Companies Act 2006. RLFE4 Rl4NCE AND ADMINISTRATIVF. DETAILS RegistLr¢d Con1pThy nutnber 10)4781 O (En" .Salld and Wales) Ilegi_%tered Charity number 1185?45 Ilegi5tcred office l Golden CoLIrt Ricliniond 'I'W9 IEU Trustees M Cook Directoi. Ms Fl Cook Dir¢cLor D Fluolies Director D P Kiii¥ Direcioi. W l Medlicotr Dir¢ctor B O'FlI'ieii Direcior R A WlTrile Director M l- A ClTratwin Director (appointed 71512024) Cotnpiiny Secretary Page I
CHISWICK ROWING TRUST REPORT OF THE TRUSTEES for the Year Ended 31 Augiist 2024 This report lia5 bLen prepared in accordance with the special PTovisitsns of Part 15 of the Con)panie5 Aet 2006 relating lo SIall companies. Approved by order of the b rd of trustecs on 25 February 2025 and sioned on its b¢half by.. B O'Brien - I'ustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHISWICK ROWING TRUST Indcpejident exaTNiner's report tu the trustees ofchiswiek Rowing Trust {'the Company,) I IEPOrt to the charity twstees on Iny examinatlQD of the accounts of the Company for the year ended 31 August 2024. Ile5P0115ibilities ond basi5 of report As Ihe charity's trusiees of tlie Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts iji aceordance wilh the requiretnents of the Coinpani¢s Act 20061'the 2006 Act'l. H<lliino satisfied lliyselt that the accounts of the Compan}, are not rcquiied to be audiied under Part 16 of tlie 2006 Act aiid are eligible for indepcndcnt excimination. I report in respect of my examination of your cliarity's accouiits as carried oiit uiidei Section 145 of the Cliai'ities Act 2011 (the 2011 Acl'l. In carrying out my examinarion I have followed tli¢ Directions given by the ChaTity Commission under S¢ction 145(5) (b) of the 201 l A¢t. lThdepenilcnt ¢xaMinor's statement I 1)<2ve coinpleted my examination. I confirm that no matters have come to my attention in connection with ihe ex8ininatioll givinrw me cause to believe.. a¢counting records were not kept In re5Pe¢t of the Company as required by Section 386 of the 2006 Aci; or the a¢coun15 do not accord w'ith ihose records., or the accounis do not comply witli the accouniing r¢quireHients of Sectioi) 396 of the 2006 Act othei" than any requir¢ment that ihe accoun15 give a true and fair view w,hich is noi a matter consider¢d a5 pari of an independeiit CX<ltninaiion' or IhL accouii15 have not been prepared in accordance with the methods and principles of the Statement of Rccotnmtnded Pr8Ctice for accounting and reporting by chai'ities (applic&ble to charilies preparing iheir accoiints in accoi'daiice with the Financial Reporting Standard applicable in the UtQ 2nd Republi¢ of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with the examination to wliicli attention should be drowi in tliis repon in order to enable a pi'tsper understanding of the accounts to be reached. Alliaiida Aliiigton Chariered Accountant The Insiitutc of Cliartered Accountants in EniFland and Wales Date.. 2S 1025
CHISWICK ROWING TRUST STATF.MENT OF FINANCIAL ACTIVITIES for the Year F.Iided 31 August 2024 2024 Total funds 2023 Total funds Unreskncled fund Restricted fund Notes INCOMI AIYD ENDOWMENTS FROM Oihei. trading activities Iiivcslnient incoinL Otliei" income 70 43 54,212 32,350 32,420 43 54.212 1.855 52.890 Total 54,325 32.350 86,675 54,745 XPF,NDITURE ON Charit&ible actlVLties ritlb1L G1'1c nis Made 4,059 4,059 12.449 Other 40,819 40,819 42,48) Total 44,878 44,878 54,932 NE'f INCOMEIIEIXPENDITURE) 9,447 32J50 41.7Y7 (187) IIFCONCILIATION OF FUNDS -l-ola1 tunds brou[ foiivard 14,S70 14,570 14,757 TOTAL. FUNDS CARRIED FORWARD 24,017 32,350 56,367 4.570 The noies form part of these financial statements Page 4
CHISWICK ROWING TRUST BALANCE SHEET 31 August 2024 2024 Totul funds 2023 Total funds Unrestricted fund Restricted fund Notes CURRENT ASSEITS Debtors Cash at bank 29,910 12,698 29,910 45,048 24.573 12,585 32,350 42.608 32?50 74,9S8 37,15S CRFDITORS Amounts falling due within one year {18,591) (18,591) (22.588) NE4T CURRENT ASSETS 24,017 32?50 56,367 14,570 TOT AL ASSETS LESS CURRENT LIABILITIES 24,017 32,3SO 56J67 14,570 E'f ASSETSI(LIABILITIES) 24,017 32,350 56J67 14,570 FUNDS lJiire5ti'icied funds l£¢stricied funds 24,017 32,350 14,570 TOTAL FUNDS 56,367 14,570 'Fhe charirable coinpaiiy is entitled io exemption frotn audit under Section 477 of the Cornpanies Act 2006 for the year endLd i l August 2024. Tlie Inetnbers have not required Ihe company to obtain an audit of its financial statemcnls for tlie year ended i l trliibjusi 2024 in a¢¢oi'dance with Section 476 of the Companies Act 2006. Tlie ti-ustees acknOwledt their iesponsibilities for (al ellsuring tliai tlie charithble company keeps accounting records that comply with Sections 386 and 387 of the Coinpanie5 Aci 2006 and pi'eparing financii£ I siaiemenls wliich give 2 true and fair view of tlie stale of affair5 of the charitablc coinpany as at ihc Lnd of each fiiiancial year cind of its surplus or deficit for eaeli financial year in accordance with the requiremeiits of Sections 394 and 395 and wliich otherwise coinply witli ihe requiiements of the Companies Aci 2006 relating to financia5 statements. so far as applicable to the charitable company. (bl Tliesc financial statements have been prepared in accordanc¢ with the provisions applicable to charitable compaiiies subjeci 10 the small coinpanies regime. Tlie financial slateinents were approved by the Board of Trustees and auihoriscd for issue on 25 f¢bTuary 2025 and were juned on its bclialf by.. rj Hutshes_ Trustee The notes form part of these financial stat¢ments Page 5
CHISWICK ROWING TRUST NOTES TO THE FINAN'CIAL STATEMENTS for the Year Ended 31 August 2024 ACCOUNTINC POLICIES Sis of preparing the financi21 st&tements Tlic finaiicial 5taienienrs of the chariiable company, which is a piiblic benefit entity under FRS I O? have been prepdl'td in accordance with tlie Cliarities SORP (FRS 102) 'Accollntino and Repoiling by Charities= Statenient of Recominended Pi'actice applicable to charities preparing their accoiints iii accordance with thc Fini£ ncial Reporting Standard applicable in the UK and R¢public of Ireland (fRS 1021 (effective l Jaiiuary 2019).. riTrancial Reporting Standard 102 'The financial Reporting Standard applicable in tlie UK and Republic of IrLland' and the Companies Act 2006. The financial statetnents have been pr¢p2red under the historical cost coiivention. Income All income is recognis¢d in the Stkjtement of Financial Activities once the charity has entitlement to the funds, il is probable that Ilie inctsme ivill be received and the amount can be mea5ui.ed reliably. ExpLnditure Liabilities are recognised as Cxpenditure as soon as Ihere is a lei7al or constructive obligaiion commitlincl the charity io that expcnditure, it is probable that a transfer of economic benefIls will be requircd in 5ettleinei)i aiid tlie ainount of the obligation can be measured reliably. Expcnditure is accounted foi. on an accruals basis and has been classified under headings Ihar aoregate all c05t reli£ led to the catcbyory. Where costs cannot be directly attributed 10 pai"licular headings they have been allocaied to activitie5 on a basis consistent with tlie use of resources. Grants offered subject to conditions which have not been mel at the year end date are noted as a commitment but noi accrlled as expenditure. Taxatton The charity Is exempt fi'oTll corporaiion tax on its cli8rii2ble activirie5. Fiind aceounting Ui)restricted funds can be used in accordance with the charitable obj¢ctives at the discrction of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of ihe charity. Restrictions arise when specified by the donor or when fuiids are iaised for particul8r restrieted purposes. Furthcr explanation of the nature and purpose of each fvnd is included in th¢ notes to the financial statements. OTIIER TRADING ACTIVITIES 2024 2023 Fiindraising events Boat house Fiiout Project 70 32J50 1,855 32,420 1,855 Page 6 continued...
CHISWICK ROWING TRUST NOTES TO THE FINANCIAI. STATF.MF.NTS- eontinued for the Year Ended 31 August 2024 INVESTMENT INCOME 2024 2023 DLposit account interest 43 TRUSTEES, REMUNERATION AND BEiYEFITS There werc no tr115tees' ieTnuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 Auoust 2023. Ti-ustees, expcnscs There were no 31 Au(rust 2023. trustees, expenses paid for the year ¢nded 31 August 2024 nor for the year ended STAFF COSTS The Tnonthly average number of employees during the year was nil (2020-. nil). COMPARATIVEI S FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund IliCOME AND ENDOWMENTS FROM Oiher trading activities Oilier income 1,855 52,890 Total 54.745 EXPENDITURE ON Charitable activities Cliaritabl¢ Gr<in15' Made 12.449 Oiher 42,483 Total 54,932 NET INCOMEI{EXPENDITURE) 1187) REICONCILIATION OF FUNDS Total fvjids brought foi'ward 14,757 TOTAL FUNDS CARRIED FORWARD 14,570 Page 7 ¢ontinued...
CHISWICK ROWING TRUST NOTES TO THE FINANCIAL STATEMENTS- eontinued ror the Year Ei nded 31 August 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debior5 29,910 24,573 CREDI'foRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Oiher creditors Accruals and deferred incoine 10,841 5,250 2,500 8,098 5,250 9240 18,591 22,588 MOVEMENT IN FUNDS Nct movement in funds At 31.8.24 At 1.9.23 Unrestricted funds GLneMI fund 14,570 9,447 24,017 Rc5tricted funds Boat House Fit out Project 32JS0 32,350 TOTAL FUNDS 14.570 41.797 Net niovement in funds, included in the above ar¢ &$ follows.. Inconiing resources Resources expended Moveinent in funds Unrestrieted fiinds GLlleial tund 54.325 {44,878) 9,447 RL'slri¢ted funds Boai House F it out Project 32,350 32,350 TOTAL FUIYDS 86,675 (44,878) 41.797 Page 8 continiied...
CHISWICK ROWING TRUST NOTES TO THE FINANCIAL STATF.MF.NTS- continued ror the Year Endcd 31 August 2024 MOVEMENT IN FUNDS- eontinued Comparatives for movtment in funds Net movein¢nl li funds At 31.8.23 At 1.9.22 Uiii'estrieted funijs GLner£il fund 14,757 (187) 14,570 TOTAL FUNDS 14,757 (187} 14,570 Comparative iiet movement in funds, included in the above are as follows.. Incoming resources Resources expended Movemeiit in funds Unrestricted funds GL'neral fund 54,745 (54.9321 (187) TOTAL FUNDS 54,745 (54.932) (187) A CUent year 12 months and prior year 12 months combined position is as follows.. Net movetn¢nt in fut]ds At 1.9.22 31.8.24 Uiir¢stric¢ed lunds G¢i)eial fund 14.757 9,260 24,017 Ilestricted lunds Boat House Fit oui Project 32.350 32.350 TOTAL FUNDS 14.757 41,610 A current year 12 moiiths and prior year 12 months combined net movement in funds, included in the above are as lollows.. Incoming resourc¢s Resour¢¢s cxp¢nded Moveinent ip fiinds Ui)r¢stricted funds General fund 109,070 (99.810) 9.260 Restricted funds Boat House Fit out Project 32,350 32,350 TOTAL FUNDS 141,420 (99,8101 41,610 Page 9 continued...
CHJSWICK ROWING TRUST NOTES TO THF. FINANCIAL STATEMENTS- Continued for the Year Ended 31 August 2024 10. RELATED PARTY DISCLOSURES There werL relaied party transactions for the year Cnded 31 August 2024. Page 10
CHISWICK ROWJNG TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 31 August 2024 2024 2023 IN'COME AND ENDOWMENTS Other trading gclivities Fiindi'3ising events Boai house Fitoui Pn)jeci 70 32JS0 1,855 32,420 1,855 Investment income Deposit account ii)ierest 43 Otlicr income RLnt&l InLorne From Ihe Site 54,212 52.890 Total in¢omkng resource5 86,675 54,745 XPENDITURE Cliaritable a£livili¢s Grants Made 3,611 Oiijer Rental P8y8ble to QHT 40,819 42.483 Support L05ts FinAnce Insui-ance 448 1,134 Total resources expended 44,878 54,932 Net incomel(expenditure) 41,797 (187) This page does nor form part of the statutory financial ststements Pagell