REGISTERED COMPANY NUMBER: 12322612 W•les REGI￿ERED CHARITY NUMBER: 1181068 Uialldlted Fkn*Dthl Stattmtmts for the Ye*r Ended 31 Decemkn Nlll Broxbovrn¢ Rowlmg aub Contents of the Flw*ntl*l Siateme*ts for tbeYe*r Ettded 31 Detembey 21123 P* Reprt ofthe IndepuLdtDt EJa*ltser'i Repw¢ Ststemt*t ofTh**¢lai A¢llvlll Balats¢t Sbttt Det*Ued St*ieme*t ofFth*Md￿ Aethrfdes 13 to 14 Brnxbo•rn¢ R•wl#g Cl•b Report •fthe Trnste forthe Y￿r Ended 31 Dect￿bEr 2•23 The ttust¢es who are also directors ofthe ¢h*ity for the pu￿[b5¢S of thr Comp3nie5 Act 2(th. rKa¥eni their re[￿ with rinancial statcmcnts of the rharity for thc )rar f￿ded 31 Decem￿ 2023. The trusiees bave adopted the provi5ior$5 of Accounting and Reporting by Charities.. Smemenl of RttOMmend￿ PT*iee applic4b]e ts) rhtiritt# preparing their accounts In accordarKe with the Financial Rer*)nULB Stsndard applicable in the UK attd Rwublic of trc]and IFRS 102) (effttiiye l January 20191 OBJECTTVFS Af41) ACTIVITIES ObJectlve5 4nd pjms The Charitys objects {'(A*jttts') aY¢.' - the promotion of comrnunity participation in healthy re¢r¢ati￿ by the wis1￿ of kilitirs spc£ifiratly for the sport of rowing and other ￿t￿ted aciiviiies {"facilitits" tnuTh5 i￿lIding£ equiixiicnt orwLisingsporun8 activities); - providing and assisting in woviding faciliiies for sm des¢ribed atw< re¢r¢•til￿ LY other leisure time 1xcu￿10￿ of such pcN*ns who have need forsuch facilities by rca50n of ts￿1r YO￿1￿ ag4 infinnity cff disablem￿4 povaty 0[s￿lI1 and ¢¢oDomi¢ cir¢u¢￿tr￿¢S or for th¢ publi¢ at la￿ in thc interc￿S of S￿al welfare and with th¢ obi¢d of irnwovi￿ their condition5 of lif¢" aud - advancing the educatiun of ¥hilthen and yowig prylc thr• swh as Ihe think rrt in I¢¢￿d￿n[% with the Charities Att 2011. Signific*Dt ietivities ie chariry LS a rowin8 club and wovidc$ 811 th¢ f￿111￿￿. ¢qUiPTnrt trnining 80d w $4YVK¢8 m¢mbets nccd to et)joy the sp)rt of mwi Thc [nL8￿ have paid gui¢lan¢¢ iswd by the Charity ccffnml￿I0rt in detidit¥ what P4i¥ities thc chuity should utthakr. The Club Tun Learn to Row ¢ourw fff adults Ind juniors flom its I￿11 coMM￿try with over 70 tndTviduats paTliripating. tnany ot. whorn havc gone on ￿ become club membets joinihg ow r¢¢rtatiOn￿ OT (kveknpmeni squa before progressing to the tacing sqth. The cl￿ •1*) hos¢¢d tsauscssi￿s • wup from the local Seaseouts. The Club has been deliEhtcd to be a host club for British Rowin¢s GROW Progra￿ ivhitb i% ximed at5we4ding Towing lo cihnicalty divcrx and yjcifreconomically dis*1v￿￿￿%￿l ¢vmmunili¢s. ACHIEVEMENfAND PERFORMANCE As rvwing ewenL% have i¢Lum¢d io their pr¢-pand¢miL levelb. the Club's recreaiional 8t￿ s4th have rcspjnded and th¢ nwniKr of crcws, #nd rnembct4 attrnding Head Ra￿ Re8aits *nd tw ¢VOLts b¥5 InCr¢u￿ Si￿lf￿a￿tty. with many member5 racing or touring for the firs( tLIW. The Club ¢tttrr¢d Me crew at Hcnley Wom¢n% ai the Flthley Royxi R¢g¥U4 with onc crew qualifying f£￿ thc kno¢k-oui rourth. The Club a160 enjoyed Nlccess ai H¢¥dey M*4¢r5 awj th¢ British Mastu5 championshi￿ rectyding three wirts. as well &5 etxteting cr¢w5 in all of th¢ Thames the Head of the lkn.ver Rxts, sm8ks, doubl&p4it4 Cour5 4twJ ei8hts where its M&sters worncn's eight a150 won their cate80ry. Thr club has a150 enjoyed SUCC￿ on the Int¢rn*iovl $14< with i r￿ording a win at thc European M&8iers Championship. Ls well 8s ai local artd regioThol rcga¢l4 with rac¢ wins for all 4uads ittludirtg for jurli0￿ and D¢v¢lopt))ent asw¢ll as the t$￿115h¢d aNI senior Txing The Club's recrealionNI 4uad has h(￿e￿ visi￿￿ from MaidsLOrt &￿j txa Rowing Club5 J5 WCJI 45 a from Trothdheim i Nonvay. trnvell¢d to Swanage to try crAstal rowin& ¥ w¢M 4$ rowiug th)wn th¢ Srvcn the 29th British T￿ring Row and on thc L4kcs al PotsdatN Cthwwith Briti5b Rowing Eurcyan Tour. Off the water dub Man1￿ hav¢ th ¢ujoyryJ Su￿¢55 at in1k￿ rowing cvcots iocluthg a will in ￿59 wo1￿1.5 2k ra¢¢ at th¢ Briii$b Indoor Chwion5hipsi whilst Mcth if thc rr￿'S ￿￿e[S sq￿1 T￿8 P&t of o ¢e*tL bcat thcworid 24 hour relay ￿cord for [50-59] year ol& To these acriviiies th¢ dub has ¢ontiuud io inv¢# in the ru%wal. refo[bi6￿ athl ryla¢4￿ of its lled of IM)ats and rowin8equipmtht. as well uppdin8 8ym equipment and replaciog otse of its ttaikrs. Brnxbourne R•￿ttg amb Report oltbeTrusttei for the Year End¢d 31 Ik¢ewb¢r 2•23 FINANCIALREVIEW R¢g¢rY¢$ pollcy Thc rowing ¢lub ha$ exist)I for 175 y¢*5. Thc ack[￿kd8¢ thexr thxy to maintain wrestrictyj 6JE)ds, whi¢h hav¢ not been dcsiwtcd for a specific we at a level of £50.(￿ equivale￿ to six m(Nth essential expklittirc. The Irustees ¢onsid¢r that rc5ervcs at thi5 level will ¢n￿re thai. in the cvem of a sig￿r￿an1 dtop in fundin& thcy will E¢ ablc ¢0 continue the ¢￿￿ty.& ciifrent activities whtl¢ Co￿￿1*110￿ is giv¢n to ways in which addiiional funds may bc raiscd. Re$¢N¢s have been mainttined well atA)ve this l¢v¢l throughotst the year. In addiiiN. the InL￿teS corksider it 4)r*owia going fon¥Jrd, to dc5ignal¢ rcserv¢5 within its unrestricled fur¥Js for long lem) woJetL8 lo mainlain imr￿0V¢ Ihc Club5 House llnd GTouwJs faciliti¢s. lls wdl a5 its trwk and trailer& The tn￿8tt￿ have L8sessed the major risks ¢0 wthi¢h th¢ ch￿lty is cxpxed. ar¢ slli1sf￿d that SyAUYts are itt pl*e to miligote ¢xFx)sure to ihe m•jff risks. STRUCTURE GOVERNANCEAP4D MANAGEM Gov¢rnthg dotym¢ The charity is Lonlrollcd by its ¥ovemin¥ ¢kKumen4 a dEtyJ of tnts4 ￿ rotLSlifyt¢s • Itmi¢cd CO￿￿•nY. limi*d by 8uaTantCq &8 def1t￿d by th¢ CompanicsAct 2(Kl6. Historically Broxb¢Jurnc Rowing Club VAS csta>li5h in 1847 and lcgi5tcr￿ a5 * Co￿lty sp￿ts Club ICASC 04914 I CHI￿368} on 5 January 2(Ml8. The ¢1￿￿ty is a compAJy limt*d by 8uarantre w&$ incorrtht•l on 19 November 2019 and regist¢rryJ 45 a ch￿lty on 20 F¢bn]ary 2020wiih th¢Ch•ritsfs ComMi￿10n in England aThJ Waks. A vote of the members of Broxboume Rowits¥ Club (CASQ on 8 Decern￿r 2020. with ryior amxoval ¢le¥ran¢e from HMRC 48retd to transfer all a55ets •nd li4bili¢i¢5 from Broxbourne Rowin8 Club {CASC) ￿ BrOx￿burn¢ Rowing Club Icharitablc Company). The traT￿er dTective 31 Detth7*t2020. The charity is 8overned by a M¢moranth and Artick5 of Associatirm Is creaod aL i￿￿10n &TwJ athjpttd by members on 8 Dc(cmFtr 2020 and urthted on 23 September 2021. Tr liability of the in the event of the company bein¥ wound up i& limiied 10 a sum ￿LexcE￿I￿n8 £10. Re¢ruliment ￿￿01￿(*¢•¢ oftttw The trustees of the charity are also the directhrs for the pwposes of CL￿panY law awointe4J by the th¢ AGM, in ac¢ordance with the Arti¢1¢5 ofAs50cialion. Indudloffj •nd tr8lhltyg of trnstees New Trustee5 ar¢ introduced with a full range of rt]ev￿1 Clwity C(mission guidwK¢ 8ppfopTiatc Infom￿l10n on thcir rcsponsibilitics. REFERENCEAP4D ADMINisniATIVE DETAILS ReRlstered Comp*ny n￿rnber 12322612 IFA)8land and Wai￿) Regislered Ch4Tity number 1188068 R¢glst¢red offl¢t The Clubhouse Old Nazein8 Road Broxbourne EN106QU BroJbotyrn¢ Rowlnt Clvb Report of tkn Trustees for tbe Year Ended 31 Dectmber21123 JA Hill (resigned 415120231 A THtssking (r¢$1￿ 41512023) P J Brchcny (rtsign¢d41512023) D Brovrn PA Mckeliar Itesigned 41512023) A Stokes T W M Smiih {rtS7￿ 3111212023) L M Ain5WOrth (dppoint¢d 41512023) H M Dodsworth lappointd 41512023) C J Heatlwtr14YPOinted 41512023) G S Troll (appointed 415r20231 Compgpy Se¢r¢t*ry L M Ain5WOrth Inde￿ndent Exarnlner CarttvriBhts Chartered Accountsnts and Busi0¢4sAdvisors Regency House 33 Wood Street Barnet Hcrnforthhirc EN5 4BE SfATEMENT OFTRUSTELS, RFSPONSIBILMFS The I[￿[ee5 (who are also the directors of BToxixK¥n¢ Rowin8 Club for th¢ purFM)s¢s of ¢omp4tsy l•w) •rt T¢sponsible for prepanth8 the Report ofthe Tru5tets and the financial stalemcmts in aCCOTthcc with 4yliEabk ITh gnd Unitcd K￿M Accounting Stan￿r￿s (UDited Kin8dom GeT￿llY Acc•lAecouDtI￿ P￿Ctice). coM￿nY l•w requires the Ints'kes io prepre financi￿ ￿lLen)ents financial yt4r which 8ivc a fair vicw or th¢ stst¢ of wffairs of th¢ ch*itable compaoy aod of the ijjcoming reS(m￿ atwj applKaiioD of resourw incTruth"Dg the irKomc and cxpcndibjrc, of thc charitablc conyany for that p¢riod. In pr•itig fllwkciai the rnL8t¢es required select suitsblc accounting policiu and then wly thcm cort*iWtIy, observe the meth(th and ￿]nciPlES in th¢ Chariry SORP; make jlldyememts atsj esiimat&s that are reasonable and preprt fh¢ fithattcial sthtemenis ￿ the 8oin8 tAsis unless li Is inapryw to PTe5EmK that thc charitsble company will rontimi¢ in iw51￿$S. Thc tr￿sECeS 8re responsibk for kccping prO[￿r xcwjung rccotds whKh dix105c with ￿50￿*1¢ ￿￿r1¢Y at lim¢ th rJnaDci41 I￿1110￿ of the charitable company and lo enable thcm io casure thai thc finarKial s¢atcmerLts comF4y with the Compani¢5 Act 21x16. They are ajso rcsponsible for s¥ftguarding the of the ¢knitsble wnpatty atsj heD¢e for takiD8 Teasonable s*ps for the PTeveniioTh and detection of fraud and th Irregul￿]11¢¥ 12 S¢•ts2024 Approved by orthrof the i￿rd oftrus*¢8 ￿............................................. •tyI si8D¢d its beI￿lf by. C J Hcaihcorc- TTU51cc l*depend¢*¢ EAamln¢V$ Report io theTr•#ea of Broxbourlle RowiAg Club Indep￿de￿I ¢xanthi¢r's repori ¢• trustees of Br•xbo•nJe a•b I'lbe Comp*my? I ￿P)rt to ihe charity tn]5ltt5 un rny cxwninaliLYL ofthe a¢&y)Ur￿$ uftk Cwy for the yc4r cnded 31 Dei b¢ directly attriE￿[￿j pgni¢ul•r Wings they lthvc all￿ed ￿ activities on a CQL8tywwith the wc of fCgLXrn. G•vtnwnte e•st5 Governance costs ort IIK*¢ t￿ta￿15t the vmwk of the chawity dotwt Ibttdty reptscnt ch*itabJc a¢tiYitits. T•pglbl¢ Ox¢d Dcprwiation is provided ￿ th¢ followi￿￿￿￿￿1 wate5 in order ￿ write off exh &%set ove¥ its e*inwt4xI us¢fvl life. Fr￿hold pyopcty Plani and machinery Motorvehicles A ot) eosi Straight line over 5 years The frrchold land with a c&%1 of £95.(m ha5 not dEtKc¢i•ted on the b￿15 that it is to have •n unlimited lifespAn. Taial The ¢hoTity is cxeTW from cOr￿lOn ttx on its ¢haTityble ¥¢tsvit*s. Fund •ttouDtiDg UJJrestri¢led fv￿￿$ ¢WL b¢ in with theclwilabie th¢ di8LY#itKL of theth Retyi¢ied fvlld5 con only be used for rArticular restric￿ withiu the ￿i￿lS 0( the cban"ty. R&strictÉon8 BrosbourneRowlnE Club Notes to the Fina•(iAI SthtemMts- c•Dtill•ed fortheyur 31 De¢mb¢r2•23 ACCOUiYfING POUCI&S-t•nllAue F￿d *eeoundDg FurtheT explanatithh ofthe naDre and PUTpxe of uch fund is Incl￿ in to th¢ ffjJ*Ksbl Ma*merts. 31n2n3 31112n2 Fundraising cvcnts ¢Jher Income Racking Inco￿ Schuol fccs L¢2m to Rmv In5urancc dain 1.439 4.724 1740 9.158 5,304 2.ILXI 7.074 2,550 17.028 21361 INVESTM￿ INCOME 31112n3 31112lll Deposit account Llltettsl 621 87 NET INCOMElffXPENDITURE Nei lu￿￿￿￿(¢xP￿dl1ureI is sts*d a[trrch8w'npl(￿tditIllB). 31112ll3 31112lll D¢p￿¢allo￿. Owll￿ assets Swplus on disposal of fjxcd 53.717 I2,3￿1> 49,656 I1.6￿) TRusfKLs' REMUNERATION AND BEf4EFITS Thcrc wcrc Iru51c(s' rCrnw￿lon or otherE*nefits for th year¢nW JI 2023 rw)r f