2022-02-28-accounts - Royal Chester Rowing Club

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Objectiv	es and	Activ	iti	es
				SORP reference
Summary	ofthe purposes		of	Para 1.17	Royal Chester Rowing Club promotes
the charity as set out		in its			the sport ofamateur Rowing in and
governing	document				around Chester and seeks to enable all
					in the community to participate	either
					sociall or corn etitivel
Summary activities	ofthe main in relation tc those			Para 1.17and 1.19	The club's membership is open to all and the club offers rowing to people
purposes	for the public				with all levels ofexperience; the	club
benefit, in particular,		the			offers "learn to row courses" for adults
activities,	projects or				and ajunior summer school to
services identified in		the			introduce people with no rowing
accounts.					experience who can then decide
					whether they wish tojoin as long-term
					members. Rowing is an aerobic	sport
					which has health benefits for all	and the
					club brings rowing to people from age
					12to 80 lus.
Statement	confirming			Para 1.18	The Trustees have regard to the	Charity
whether the trustees		have			Commission's "Public Benefit"
had regard tothe guidance					guidance.
issued by	the Charity
Commission ori public
benefit
dditional	information (optional)
ou ma chc s to incldde			further, statements		where relevant about:
				SORP reference
					The CIO does not make charitable
				Para 1.38	grants
Policy on	grant making
					The Cio does not invest its funds.
				Para 1.38
Policy on	social investment
including	program related
investment
					The club is run entirely by volunteers
					andhas noem lo ees.Thecoachin

Contribution	Contribution	made	by	Para	1.38	comes from a mixture of unpaid
volunteers						volunteers and self employed paid
						coaches.
Other
Achievem	e	nts	and Performance
				SORP reference
						At the start ofthe year performance	was
						nificantly impacted by covid-19
						res and many competitions
Summary of achievements		the main ofthe charity,		Pare	1 20	ed to be cancelled during the year. However, with Sport England
identifying	the difference the					grant assistance the club delivered
charity's work has			made to			return to play courses to over 50
the circumstances			ofits			participants and by the end ofthe year
beneficiaries		and any wider				b had successfully built up
benefits to whole.	society		as a			3 ions again to prewovid levels. ain achievement ofthe charity
						continues to be offering the opportunity
						of healthy exercise,to residents of
						Chester and surrounding areas.

		'	4+1	4+1	a
Achieve			anht;d-'			a	fttffjj' 1A1
objective		'	'fu+	~
						~
	P
	ks
Pefformartcp activities ' tj'			P .	ffa	ifffgf	f'	a 1.41
set	I	h	9	~	fr
Investment		performance					Para 1.41
against objectives
Other

Financial Review
Review ofthe charity's		Para 1.21
financial position at the end
ofthe eriod
Statement explaining the policy for holding reserves stating why they are held		Para 1.22		The charity holds rese, to maintain good quali 1' le it rb' or its members and the bulk ofits reserves
				are held to enable itto redevelop its boathouse, ' ", safe modern facility which willII, provide access to rowing for dl ' residents ofChester
				and surroundin areas
Amount of reserves held		Para 1,22		k287,330year end designated and
				restricted funds [not including F23,516
				unrestricted funds
Reasons for holding zero		Para 1.22		NIA
reserves
Details offund materially	in	Para 1.24		There are no such funds
deficit
Explanation ofany		Para 623		There are no such uncertainties.
uncertainties about the
charily continuing as a going
concern
Additional information (optional)
You ma choose tc include	further		statements	where relevant about:
				Subscription income
The charity's principal				Learn to row course/ junior summer school
sources offunds (including any fundraising)		Para	1.47	Grant applications to relevant charities.
				The CIO takes a cautious approach funds which are held in listed		to its
Investment policy and objectives including any social investment policy adopted		Para	1.46	banks/building society and therefore protected. In these circumstances a social investment policy is not necessary.
				The main risks are loss ofmembers		due
A description ofthe principal risks facing the charity		Para	1 46	to the club's inadequate premises repairs being required due to the dilapidated state ofthe premises.	and
Other

Description of charity's
trusts
Type ofgoverning document		Para	1 25	Trust Deed
How is the charity		Para	1 25	CIO
constituted?
Trustee selection methods		Para	1.25	Trustees are	elected by the members		of
including details ofany				the CIO at the AGM by ballot. Trustees
constitutional provisions	e.g.			retire by rotation on a 1/3 basis and the
election to post or name	of			dates for such retirements		have been
any person or body entitled				selected by lot. The CIO is encouraging
to appoint one or more				applications	from underrepresented
trustees				fou s.
Additional information	(optional)
You ma choose to include further statements				where relevant	about:
Policies and procedures adopted forthe induction		Para	1.51
and training oftrustees
The charity's organisational structure and any wider		Para	1.51
network with which the
charit11 works
Relationship with any related		Para	1.51
parties
Other

Charit	name			al Chester	Rowin	Club
Other name the charit		us
Re istered charit"-number			- —	88080
Charity's	principal address			Royal Chester	Rowing	Club
				The Groves Chester
				CH1tSD

mes	ofthe	chari	ty truste	es who manag	e the cha	rity
	Trustee	name		Office (ifany)		Dates whole	acted if not for ear	Name toa	of person lor body) enritled oint trustee ifan
	John Boothman
	John C	Davies
	Andrew	Firm	an	Committee	Chair
				from 14"July 2021
	John McGarva			Committee	Chair up	Up to	14e July 2021
				to 14e July	2021
	Michal	Palamarczuk
	Chloe Sheward			Club Captain
	Adam Wilson			Treasurer
8	Christopher		Bird			From	14'" July 2021
9
10
11
12
13
14
15
16
17
18
19
20

Trustee	name	Dates	acted	ifnot	for	whole	ear
none

		ROYAL CHESTER ROWING CLUe	ROYAL CHESTER ROWING CLUe	ROYAL CHESTER ROWING CLUe	Charity	Charity	No	1188080	1188080
		ACCOUNTS	FOR THE	YEAR ENDING	28-February-2022
		DOCUMENT 1 (of2h			Receipts	and	Payments Account
								FY2022		FY2021
		Unlesvloted		U8slgnat8d	Keslrlculo
		funds		funds	funds			Total	funds	Total funda
					6
Income
Subscnptions and boat storage			56,378					56,378		52,724
Rowmg tuition			14,680						14,680	1,350
Hire ofClubroom	and equipment		1,320						1,320	0
Fund raising			1,159						1,159	2,195
Shop Sales			384						384	140
Events			4,144						4,144	0
RCRC 100Club			3,880						3,880	2,185
Insurance claim reimbursement			793						793	0
Admin, key deposits, etc			649						649	0
interest			2,038						2,038	869
Raang deposits			5,585						5,585	412
Sub-total			91,010					91,010		68,876
Asset sales and and other income
Boat disposals			0				0		0	14,500
Sponsorship and	Donations		4,218				0		4,218	100,000
Grants			0			3,500			3,500	27,322
Sub-total			4,218			3,600			7,718	141,822
Totalreceipts			95,228			3,500		98,728		201,697
Expenditure
Subscription refunds			3,219						3,219	455
Utilities			2,076						2,076	2,927
Premises maintenance			4,430						4,430	3,604
Insurances			10,178					10,178		10,665
Admm, Bank Charges, etc			1,098						1,098	859
Equipment maintenance			11,653					11,653		2,094
Club coachmg			19,825					19,825		13,523
Shop stock			0						0	80
Fundraising costs			1,035						1,035	860
Rowing tuition costs			4,315						4,315	933
Event costs			3,977						3,877	1,087
RCRC 100Club costs			1,955						1,955	0
Affiliation fees			1,634						1,634	1,519
R song costs			4,667						4,667	(440)
Sub-total			69,962					69,962		38,166
Asset purchases	and and other expenditure
Boat acquisitions			0			3,640			3,640	29,390
General acquisitions			5,725				0		5,725	2,498
Site Development	costs		0				0		0	0
Sub-total			5,725			3,640			9,366	31,888
Total payments			76,887			3,640		79,327		70,055
Net of receipts/(payments)			19,541			(140)		19,401		131,642
Transfers between funds			(26,080)	26,080
Cash funds last year end			30,056	176,880	84,510			291,446		159,804
Cash funds this year end			23,517	202,960	84,370			310,847		291,446
The attached notes form part ofthese financial			statements
Signed by trustees on behalf ofag		the trustees
Signature		Print Name~ A ~)MEEK						Date ofapproval

		ROYAL CHESTER ROWING CLUB	ROYAL CHESTER ROWING CLUB	ROYAL CHESTER ROWING CLUB	ROYAL CHESTER ROWING CLUB	Charity	No	1188080
		ACCOUNTS	FOR THE	YEAR	ENDING	28-February-2022
		DOCUMENT 2(of2):				Statement of assess &liabilities at the period end
								FY2022	FY2021
		Unrestricted		Designated		Restricted
		funds		funds		funds		Totalfunds	Totalfunds
			6		6	6		6
Cash funds
Current accounts			23,207					23,207	29,946
Deposit accounts			109		202,960	84,370		287,440	261,499
Cash in hand			200					200
Total cash funds			23,516		202,960	84,370		310,847	291,445
Other monetary	assets
								Nil	Nil
Investment assets
								Nil	Nil
Assets retained for the charity's		own use
Trade receivables
Stock: bar and shop			496					496	806
Club silver			1					1	1
Freehold and buildings			15,552					15,552	15,552
Boats and equipment			483,062					483,062	476,337
			499,111				0	499;111	492,696
Liabilities
Trade creditor									2,640
Subscrition refunds agreed									3,706
Key deposits			1,000					1,000	680
Racing deposits			5,640					5,640	4,722	e
			6,640				0	6,640	11,748
The attached notes form part ofthese financial statements
Signed by trustees on behalf of all the trustees
Signature		Print	Name					Date ofapproval