FALCOM BOAT CLUB TRUSTEES REPORT YEAR E14DED 31 AUGUST 21b25 Charity Registration number 1186921 Company 14umb•r (EDIf Register•d Offlce Faknn BLt Club Oxfor OX44 Ind8p8ndont txamlnws Ltsjge Ha¥A(esydrd knftage La Rvg81èy sffrdShirg WS15 1PS Trustees aGtin9 during the year Afist ofth8 TruseS of Fat( Boat crth is gNén at the endof tsustses ret rhe Board of Trust8es ks aUthJi trj rlt8nd 8PKtrfnt new Truste to fi¥ vaca7 85 at¥J vthen StN¢turo, Govemanc• and Managenwrt The charity is a Charilable IrbcofpDratEd OrganisatKJns and is neralty govemed by the ruks and rnaking afKI r8SFNJnsibiltties ol the trustees. The trustees meeE al a fomaT me8ffrwJ at18asl once per quarter. Tnle&S ar8 usualty appo#ffedfor a period of Ihree year5 and can be re-apw.nted twce. The number ol serving Trustees wll be no th than and Th) more than 12. Obj8th, adivlties and public nefft IIN charity suprths rpwThJ ar kaydkirvJ of hxal comfflunity grwps 1n the Oxfotd.are8, Th8 dwfty prorfNles rowtro, kay8kln9 and can081 frdLxTrs fo the general pubficfoT ffie beTth ofthose o by reason of th8ir 898, infity. dISabty or 481 and ecA)rK)mic ctrcumstances have need for such lacilthes. To prowde assistance in th8 organi881ion of events OT the prows¥)n of farAltb8S to edu(l¥)n woviders to enable pupli s to take part hi rokning. s[ng 8nd Cae19 aLfjvffjes. Th8 trustees have reviewed the Charity Commis5K)n's gUan to report on putAic benefft and the chartys aims arKS objects ale consi%tentvrilh this All the aclsvibes uThJertaken duri1 thg year were for pubfic b8nefiL Rogistwed Charity Number 118fj921 Pag• f
FfvICON BOAT CLUB TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 vements, perfonnance and loong ahead The Trust has provided and aims to ensure cLx)tinLd provis)n aThJ kardking facilities for thos8 in the oxfo area vjho are educati aThJ wish to leam these sk5 8rKI Duld benefft from IL The charity ltinUeS to receNe fvndy the grft awj scheme. The futur• Falcon Boat fjub lourKled in 1889. whth makes ri of the oldest rowirKJ dubs in Oxft>Td. Throughout ts history, th8 Club has pruvbded a place for local men and 1Men to le tog8ther, make fn-èndships. leam new sk11 s arKI keep fft. fn rernt P8rs the dub has grown mi0Y Ih8 memb8r5hip spreading across a wide age rary and the rows have joined by kayakers and canoeists. Fix th8 last 60 T$ our boathws8 has ten a one-storey wcxylen trrtjilding. This was no longer targe enough fo suppcwi dub aS arKI the buTri fing has now been rebuill andwas openedTo member5 during the year. The new buiklirrfJ provK18s increased boat storage. better ch8ngiwJ fBale5 and important space for socjal gatherir and exercis8. Membership is at an tim8 high of approximalety 5(KJ so the future is kM)king very gwa. OLtr am is to cxythue lo gNe members of the focal" ¢ornrnLsnity acc8SS to an aclive lrfestye through vrdter5FKts. The new tthouSe 8[leS us ks offer 5ear-round swbng programmes wrth a mithr8 of L4nd-ba58d asKI hter-baSed acbwty. We hope to buffd on our communfty egemen[ ¢ftsatAIty 9roups atml IrsIa pathpafion of ethnic-minorty gfOUPS. Results for thè year The results forth8 5Ear are CLMrtaird Tri the acwunts attathed to thts report aThJ have been approved.by the [81888. Poli¢y on res•r¥es Scope. Definition and Purp The truste have revie%the thanvs reserves ensfft It c¥JnpWes the guKlanr ued by Ihe Charity Commi&51. Reserv9$ are hetdbythe charttyfo daytg dHy rUnnm costs can be m81 kn the wnir¥J yearto ensure of $8Trice io ivs members aThJ seNce usews. Poltcy arms The trustees believe thatthi818V81 of reserve5 i% prudent and nerwsatyto ensure that the dub can run gffici6nfy anOmeeffuro needs. eral contingency res8rv85 to cover ctssts of replaxnerrt eqwpm8nt ar¥J unfoTeseen maintenan(% (x>sts rfthe buiTthro aThJth8 8qwpm8nL RggisteT8d Charity Numbor 118fj921 Page Z
FALCON BOAT CLUB TRUSTEES REPORT YEAR EMDED 31 AUGUST 2025 Polley alms ¢ontlnued... In th8 8vent of the feserves faliTrJ 5ignffi(xnlty bel(yw the target levd. the Iwstee5 Ibill 8irti fo restore th8 reseNes as scw)n as by incx88sing andFX)sslbty. incseasing fees. Th8 Irustees wNnot ho¥8r. take anysteps thaf MW lD[0 qUe5fjl ablty ofiThe (Jjb lo continue as a finarKiaty vkqbte operatK3n in lh8 temi. Ir[[ managernenl The Irust8es urnderstaThJ thr TesporLsibikty for mwitoryng arvj oMlrolÈng the financ1 arKI 0raff(riSk5 fo the ¢harfy is exrKedlo. Stat•m•nt of Trustees respon8ibilitie5 The trustees a ponsie for pr8paring Ih8 trustoes annual report and th8 fman(xat statements in awordance wth appfKable law and Unw 1fjdn AccoJnfvJ standards (Uniled bfjngdom G8nerally ac¢epted Accounling Pra(c81 roasonable acturacy at the time th8 finan(xal txjsrbrffi of the thaTity to ensure that th8 finaal 3f8taments ¢(pw the Art 11 at¥J FIiS1tr2 SORP. Qolii12JL Chaim18n Registered Charity Number 1186921
FALCON BOAT CLUB TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 Ch8iman.' Nthjlas Bamett TrSUrer. Jefftey Belhray Twstees: Nicmas Bamett Jeffrey Bethtsy Patriaa Nash Nicholas Hertrt David Salvesèn Sathw Abassi ClaKe Vallar¢e Appointed 20110r2024 ghtered Charlty Number 1186921 Pag•
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FALCON BOAT CLUB YEAR ENDED 31 AUGUST 2025 I r8POrtto ihe charity trust88s on my èxamination ofts 8(xK¥Jnts of Ihe rpanY10rth& yèar 8n(ted 3T Augusl 2025. whieh a set on pag8s 6 fo 10. Respoetlv• responsibiliiies of trustoes •MI examiner As the charitys trust88s of the company are re5p)rrible for the preparthn ol the accwnts in Hawng satisfi8d myEeff that the a¢clnts of th8 company are not reqUIrA to be audrted under Part 16 of th8 2006 Act and are digitAe for indopThJent eXam1rt). I report in SpeCt of rny examinafvn of ur charws 8cwJnts as larrierfout urbJ8r secfy)n 145 of the Charkn85 Acf 20Tf Ith8 2011 Acil. In carryiro out rny 8xaminab"c¥) I have foknRd Ihe dtrfIC given by the Chanty ornrTtission under s8ckn 14515J(bl of the 201f AL B451s of Independent examlns rnport Your examiner ¥nust b8 a member ol a fM>Jy lthd in SeCtiC 145 of ts 2011 Acl I confimi that l am qL%afffiedto urKtertake the examin81x)n bgcause l am a memtér of Itbj[e of charteredAufants in England sr Wales. wh¢ch is one of the lthl b(yJs. Ihav8 comoeted my examin81k. l ean nrn) thal m8ffets t)ave c(rfne lo my alt8nlion in )nn8ction with the examin8kn gir¥j me casue lo (11 accounffng reuxrjs nof ke0 In resFoLof Ihè as wuiredby secfr)n 386 ofthe 2006 Act., or 121 the accounts do rY)t accord with those wxJntiNJ reccrfds: or f31 the accounfs do nol cA)mFty vthh fv acctyjity r1rme[ of secffon 35 of th8 21Th 0th8r Ih8n any requirement that the accounts give a Inje and f8irf Wi1 whlcth 15 not a m8tter consid8ied as part of an ind8P8ndent 8xamination'. OT [41 the aco)unls hav8 fK)f tjeen prepared in acujrdance the methrxf5 and prinop16s offfie ststement of Re(yKnmgIed praLtice accnting and rewting by charitses aPiCab[e to charitses preparing their accoLmts in acc(thn Financ1 ReFthry Slandard applcable in the UK gnd Repubk of freland IFRS T02). I have no c($ and have across no itsr m81ters wi con0 valh Ihe examinati(m to vknith attention should b8 dr8wn in 1his TeFx)rt in (wder lo enable 8 U¢KleTrlandir4J of the a(£ounts to be Anna Rithards FCA FCCA Richards As8oct8tes Llmited Charter8d Accountants Hawkesyard. Armilage Lana Rugeley R•glst•r•d Charlty Number 1186921 Page S
FALCON BOAT CLUB INCOME AND EXPENDfwRE FOR ThE YEAR ENDED 31 AUGUST 2025 2025 Unregtricw R•stricled Tolal 2024 R•celpts Gfft aid Coathing incomè emberships Grant incoma 2,914 4,399 101.530 101.530 97,634 1.599 86.971 14,475 51.263 19.837 495 12,401 63.664 19.837 495 2T5.89T Other sales ino)me Sale of assets Total r8e•Tpts T3.445 Payrnents Purchases oa¢hing cc6ts R8nt of land Rates and w8t8r Insurance Light and heat Affiliation Repairs Vvaste collethn Cl8aning Ci)mpuf8r nJnnlr¥J cA)sts Sundry expenses Accounfancy Telephone and tmadban¢J D8prwtion Loan int8rest TotslexpendKur• 17.998 48.078 17.998 49,519 15.661 7,583 1.309 1,597 1.597 2,7 3,128 fg.2df5 2.79) 3.128 ZJ,132 1.455 3.752 2,889 Z2.2fT 1.461 4,620 2T6 ZT6 6.555 751 75.526 75,526 4,886 4330 209,gT4 68.016 T90.625 EX$$ receipts over paym•nts {2.198) 8.115 5,917 86.851 Funds broughtfiThvard Transfer to unrestricted funds 1.371.tr28 428A44 I.BUQ.3ri 428.444 (42B,4441 1.798.774 1,TJ3,Y2f IWg.372 Regl8tered Charity Ntsmbw 118M21
FALCON BOAT CLUB BALANCE SHEET AS AT 31 AUGUST 2025 Company Kumbor CEDf*J8f Note 2025 2024 Fi¥•d ass•ts Tangible f1xed assets 1.657.996 1.664.856 Current aets Debtors Cash in hand 8rKI at b8nk 15.997 169. 185.987 29.085 167,360 1,445 Current Liabilities Trade uedrtory Loan Accrua15 15.961 14,256 25.1 37.694 40.096 Net Current assets 1,8.289 1.821,205 Long f•rm Uablltffes Loan 20.833 1.806.289 I,8,312 Chavityfvnts Unr85trtcted funts l.PJ8.174 &.tt5 1.806289 1.371.928 1,8(M).372 2<) I Il ItUZs- AppmvedbytheBoardon............... .. bèha1rty ..And signed on their behalf by Nk Bam9tt Registered Chaiity Number 1186921 Page T
FALCON BOAT CLUB NOTES TO FINANCIAL STATEMEPUS YEAR ENDED 31 AUGUST 2025 1. Ststutory Inforniatlon Falcon Boal Club aik>pt8d ChaIrtab lrtorporated Org8nk8alion status on 12 December 2019. Th8 anlfs number andaddress can fosJr¥J tre thanly infom)afrM page. 2. Accountln9 policies Basis of prnparatlon e ¢harty consffutes a wblktnefft erty. Th8 fmaM?afslalements kn b88n prgparnd in accordance with accounbng and repoibro for Charilies.. Statemenl ol Rec4)mmended Practice applieabte to ch8ri1i8s preparirvJ thefjr acccNJnts in accay(lance lIh Finanoal Reporbr4J Stsndard apleable in the UK and R8pllbf of Ind tFRS 1W21 i5SU8d on 16 Jufy 2014 (as uplatedtyBultetin 1 pubrLsh0n Z February 20161. Icharthes SORP FRS 1021. the CharTbes Act 2011 and UK Gener81tyAcw>ted PTactice as r( appli8s from 1 JanLtrary 2015. The firffjnixal st8tem8nts have be prepar&1 under th8 hlstorical costs uJnv8ntion atmf gfv6 a fru6 abxf fair V¥. Income l income is induded tn the statement of financial acbvibes the dprity entiyed lo Ihe funds and they can b8 s(rfne rxtainty. l ¢Jonations grants and other incotnirvJ resources have been a(XXMmted for grDSS and rewv?8 as bng as they are tJpalAe of finan m88suremenL The vaK of s8rvi(x provid8d byvolunteers has not be8tL Included. Tan9iblo Ilxed assets Depreciation is prOded atthe fcknwing rates in olteath asset over ils estimated sebJl Ilfe. Pkqnt and machinery 10% stralght fine FreS and frtbngs 25% Straht line Bull ing5 Lè•so R8ntals applkatlelolhe T888e ofihe Tand dwgSto aThlfrJs8 acrwnl 8S Gov•mment grnnts Govemment grants are recLYJniJ v+ there is reasonabl8 a5surarLe that enbty wll comptyvAth tha ConOn8 affachsng fo the grant andthg grantwiifbe recei¥ed. Grwts refafjro fo revenue 8r8 recognise in income on a syst8m8tic basis ovèr Ihe peri¢xts in whic the entity reccgniE8s tr Lated costs for which the grantts fntendeil to compènsaie Golng con¢ern At the time of approvingthe firbarKial statements Ihe trustees have reasonable exp1] Ih8t The fThBtee8 confjnu6 to 8¢ty the oyyxn ba815 0fXnfjrtg In Ihandal statements. RèglstsY•d Chartty Number 1186921 Pag• 8
FALCON BOAT CWB NOTES TO FINANCIAL STATEMEp¥rs YEAR ENDED 3t XlGUST 2025 2. k¢ountlwwJ policles eontinu•d... Flnandal Instr{•1¥ The tharity onty entèrs Inio bas finarKial InstrurrI traIn$ that Ul1 in the rgrwithl of finanaal ass8ts and liabKths trade ¢Jebtots, otrw d8btus. trJe crerfitors and other c¥&f¢tors. Fund accountjng tNstees. Restr4Cted fvrnls can onty be U88d for purp)ses as drmn by th8 dorK)r. 3. Average numbor ofwnpfo>ws Th8 av8rage nLFmberol enwoyees durirtrJ th8 yB8r wa5 NiS12024." Nil) Trusloes No tTusts8 had P50TAI irrtorest in any conlracl or trarwkn 8nterwJ into by the eharity duriro Ihè r. 5. A8Sat8 Plant 8NI FurBs fifaGfiery andfftfjs Buff(ffros TrAaf 1 September 2024 ditiorks DIspos81s 346.355 82,146 14951 33.214 1.440.694 1.820,263 14951 39.F3¢ 1,4rfY,69¢ t,868,434 Depwiat 1 Septemb8r 2024 arge On disFrt)sa 117,325 28.814 28.8T4 155.407 75,$26 14951 57,828 tr,43& 8.713 1495) 17. Ntrt 8ook Vah 31 2025 253.177 2S,7S3 1.383,¢X6 1.657,W 23.946 1.41SW 1,664,85S The charity owns a léase forthe land. There is 20 years remaining on the lease.
FALCOM BOAT CLUB NOTES TO FINANCIAL STATEME?s YEAR EMDED 31 AUGUST 2025 6. Debtors 2025 2024 Trade debtors Pr8payments 2,812 13.085 17.731 11,354 15,997 29.Q85 7. Long torm loan 2Wk5 Ou8 in tss than 1 y•ai Due 1-2 years 25,000 20.833 45,833 20,833 The interest on Ihe at)ve k)an has been pakj by Syxi Eland amwnts have bn iNAudad In donations in awwnts. This I( is lUWC. 8. Movement In funds Transfers At 31.08.25 Unrestricled 1.371. 2tr2.445 1JY.6441 428,444 1.7g8.rr4 RICted 428.444 13.445 {5.330) {428.444) 8,115 S.8(K>.372 215,W (%)9,974 ?.806,2 Th&club has had permis8Kffi from ofthè Ixth¥vJ re8tri(knJ fijnd (£428,444) b) transfer this frrm restrle010 unTesfrlLfijTrs$ for gewaldwftatAe use. Included in ts Yestrkted fvnd £8.115 of funds 0fmrj whth will bg Sp1 tn ffie Yorthcomlng year. Reglslered Charity MumbeT 1186921 Page ID