2023-02-28-accounts

Trustees’ Annual Report for the period

From 1[st] March 2022 Period start date To 28[th] February 2023 Period end date

Charity name: Royal Chester Rowing Club

Charity registration number: 1188080

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Royal Chester Rowing Club promotes the sport of amateur Rowing in and around Chester and seeks to enable all in the community to participate either socially or competitively
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The club’s membership is open to all and the club offers rowing to people with all levels of experience; the club offers “learn to row courses” for adults and a junior summer school to introduce people with no rowing experience who can then decide whether they wish to join as long-term members. Rowing is an aerobic sport which has health benefits for all and the club brings rowing to people from age 12 to 80 plus.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have regard to the Charity Commission’s “Public Benefit” guidance.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	The CIO does not make charitable grants
Policy on social investment including program related investment	Para 1.38	The CIO does not invest its funds.
		The club is run entirely by volunteers and has no employees. The coaching

Contribution made by volunteers	Para 1.38	comes from a mixture of unpaid volunteers and self-employed paid coaches.
Other
Achievements and Performance
	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Club worked collaboratively with its members this year to develop a 5-year Strategic Plan. In addition to measures to improve its own culture and facilities, the plan includes a commitment to engage further with its local community. Outreach work with local schools included a pilot programme which involved teaching disadvantaged young people to row in order to improve fitness and motivation for learning. Our facilities were shared with several other rowing clubs across the country to help with their training programmes. Improvements were made to the operation of Open Events we organise for racing on the river Dee, including a greater emphasis on feedback from participants. These events provide a showcase for the sport to local residents. The main achievement of the charity continues to be offering the opportunity of healthy exercise to residents of Chester and surrounding areas. Our Learn to Row courses attracted 70 adults (67% women) during this period of whom over 75% chose to continue with rowing compared with less than 50% previously. The Summer School programme involved 66 young people (42% girls) learning to row helped by 10 coaches and 24 junior helpers.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41

Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity holds reserves to enable it to maintain good quality facilities for its members and the bulk of its reserves are held to enable it to redevelop its boathouse with a safe modern facility which will help it provide access to rowing for more residents of Chester and surrounding areas
Amount of reserves held	Para 1.22	£328,141 year end designated and restricted funds [not including £7,082 unrestricted funds]
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	There are no such funds
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no such uncertainties.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Subscription income Learn to row courses/ junior summer school Grant applications to relevant charities.
Investment policy and objectives including any social investment policy adopted	Para 1.46	The CIO takes a cautious approach to its funds which are held in listed banks/building society and therefore protected. In these circumstances a social investment policy is not necessary.
A description of the principal risks facing the charity	Para 1.46	The main risks are loss of members due to the club’s inadequate premises and repairs being required due to the dilapidated state of the premises.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are elected by the members of the CIO at the AGM by ballot. Trustees retire by rotation on a 1/3 basis and the dates for such retirements have been selected by lot. The CIO is encouraging applications from underrepresented groups.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	Royal Chester Rowing Club
Other name the charity uses
Registered charity number	1188080
Charity’s principal address	Royal Chester Rowing Club The Groves Chester CH1 1SD

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for **whole year **	Name of person (or body) entitled to appoint trustee (ifany)
	John Boothman
	John C Davies
	Andrew Firman	Committee Chair
	Christopher Bird
	Michal Palamarczuk
	Chloe Sheward	Club Captain
	Adam Wilson	Treasurer

– Corporate trustees names of the directors at the date the report was approved

Director name none

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
none

Funds held as custodian trustees on behalf of others

Description of the assets none held in this capacity Name and objects of the none charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for none safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnature(s) Full name(s) Position leg Secretary, Chair, etc) Andrew Firman Committee Chair Date lo 13

ROYAL CHESTER ROIMNG CLU8 ACCOUNTS FOR TKE YEAR ENDING DOCUMENT 1 lof21'. Charlty No 11B8080 28-Fobruary-2023 Rgcolpts and Paym•nts Account FY 2023 FY 2022 unrOBrri¢te lund¥ OBVlCto0 fvnds fund¥ Tothl funds Total funds Incom8 Substriptions and boat storage Rowingtuitio Hire of Clubroom and equipment 64,046 19,060 4.428 11.863 807 16.635 4.113 66.378 14.680 1.320 1.159 19.060 4,428 11,863 807 16,635 4,113 Shop Sale5 Events RCRC IW Club Insurènce c13im reimbursement Admin. key deposits. etc 4.144 3,880 793 240 4.470 12.547 138,210 240 4.470 12.547 138,210 2.038 5,585 91,010 Raclng deposlts Sub-total set sales and and other IrKome Equipment dispos315 Sponsorship and Donations Grants sub.total 55 11.221 55 14.931 3.710 4,218 3,500 7,718 11,276 3,710 14,9B6 Totsl re¢elpts 149,486 3,710 153,196 98,728 Exptrnttiture Subscription refund5 Idueto Covidl 3.219 2.076 4.430 10.178 1.098 11.653 19.825 3.146 3.227 11,410 915 9,211 23.938 630 6.595 1.831 10.279 1.792 1.525 12.806 87.305 3.146 3427 11,410 915 16,611 23,938 630 8,595 1,831 10.279 1.792 1,525 12.806 94,70S Premises maintenance Insurances Adrnin. Bank Charge5, etc Equiprnènt maintellance Club coèchln8 Shop stock 7,4CM) 1,035 4,315 3.877 1,955 1,634 4,667 69,962 Rowing tuition costs Event costs RCRC I￿ Club cost5 Affiliarion fees Racing costs sub-total A%set purchases and and other expendl¢ure Boat acquisitions 21.934 276 8.195 3.710 30.130 3.986 3,640 5,725 Site Oeveloprnent C05t5 5ub-totsl 22.210 11,gOS ,115 9.366 Totsl payments 109,516 19,306 128,820 79.327 Net of receiptsllpaymentsl 39.971 115,595 24,376 19.401 Transfers between funds 156.41151 56.406 Cash fund$ lasi year end 23,517 202.960 84,370 310.847 291,446 Cash funds thlsyearend 7.082 269,366 68,775 335,223 310.847 The attached notes form part ol these financial $¢Jtements Sl8ned by trustee50n behallof all the trustees gnat Print Dato of approval 21st Jun8 2023 A D Flrni•n E AWi18011 18th Juno 2023 NOTES.. l. These accoun15 h8ve been prepa￿d on a rettipts and payments basis in accordance with Charlty Commisslon 8uidance. 2. All fund5 are to the Treare5t £. 3. The rÈ5tricted funds relate to £1È8acy and grants received which are to be spenr on boats or premlses. 4. The balance on the race account, which 15 held on behalf of racing members, h35 been included In c35h funds and shown as a liability with associated entrie5 being rnade for racin8 deposit5 received and racingcosts incurred during theyear.

ROYAL CHESTER ROWING CLUB ACCOUNTS FOR THE YEAR ENDING DOCUMENT 21¢)f 21.. Charity No 1188080 28-February-2023 ststem6nt ot a888ts & Ilab116tles at the p8r6od end FY 2023 FY 2022 Unrestricted Designated fund5 fund$ Restricted fvnd$ Total fund8 Totsl funds Cash Current atcounts Deposlt accounts Cash in hand Tot81 cash fvnds 6,832 6,832 328,141 250 23,206.90 287,439.73 200.00 259,366 68,775 250 7,082 269,366 68.775 335,223 310.B47 Other monetary assets In¥estrllent a55ets Assets retsined for the tharlty's own ys¢ Trade receivables Stock.. bar and shop 1,414 1.414 496 Freehold and buil(Sings Boats and equipment 15,552 475,274 492,241 15.552 475,274 492.241 15.552 483,062 499,111 Trade creditor Subsclition refund5 agreed Key deposlts R3cing dep05itS 1,240 5,381 6,621 1.240 5,381 6,621 1,000 5,640 6,640 The attached notes form part ofthese finantlal statements Signed by trustees on behalf of all thetrustees SEnatur Prlnt Name Dats of appmval 21$tJune 2023 A D Finnan E A Vli150n 18th June 2023 P40TES.. l. The accounts have been prepared on a receipts and payments basis in accordance with Charity Commis510n Euidance. 2. All lund5 3re to the nearest £. 3. The Oesi8nated funds are held for future Development costs a54pproved bythe Committee. 4. The A55Èts retained for the charity's own use are valued at cost. 5. Following an èsset review in Sep-22 an adjustment of £41.903 was made to Boats and equipment for historic assets no longer hÈld.

Independent examinerfs report to the trustees of Royal Chester Rowlng Club I report to the trustees on my examinalion of the arI￿nts of tho Royal Chester Rmng Club ts the year ended 28 Febnjary 2023. Responslbllltles and basls of report As the charity trustees of the Royal Chester RThwrrfJ Club. you are responsib￿ for the preparation of the a¢xounts in 8Lxordanc with the requirefftnts of the Charibes Act 2011 {Ihe Act,). I report in respect of my examination of the Royal Ctrtstsr Rowirwj Club's 8QX)unts carried out under sectton 145 of the 2011 Ad and in caryying out my examination I have followed all the applicable Directions given by the Chanty ComMiss￿n under S￿t￿)n 145151(b) of the ACL Indepgndent 8xamlngrf5 statsm•nt I have comFAeted my examination. I ￿nfirrn that rK) rnaterial matter5 have coffe to my attention in connecbon with the examination giwng me cause to t￿lIeVe that in any material r.. 1. accounting recuds wwe r￿t kept in respxt ofthe Royal Chester Rowing Club as required by sedion 130oftheArt or I have no COn￿mS and have come auoss ￿ other matters in connection with the examination lo which attention should be drawn in this re￿rt in ijrderto enable a prow Unde￿nding ofthe a￿Unts to be Signed: Name.. Helena Johnson ACA Address: The Cape, Church Road. Tilston. Malpas. SY14 THB Date: 26 June 2023