CHARITY COMMISSION FOR ENGLANO AND WALES Trustees, Annual Report for the period From 1st March 2023 To Period start date 29th February 2024 Period end date Charity name." Royal Chester Rowing Club Charity registration number: 1188080 Objectives and Activities SORP threnc* Para 1.17 Summary of the purposes of the charity as set out in its governing document Royal Chester Rowing Club promotos the sport of amateur Rowing in and around Chester and seeks to enable all in the community to participate either sociall or com titivel The club's membership is opfrn to all and the club offers rowing to people with all leve13 of experience- the club offers "leam 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-tenn members. Rowing Is an aerobic sport which has health benefits for all and the club brings rowing to people from age 12 to 80 Ius. The Trustees have regard to the Charity Commission's"Public Benefft" guidance. Summary of the main activities in relation to those purposes for the public benefit, in particular, the a￿1Vities, projects or services identified in the accounts. Par8 1.17 and 1.19 Statement corfirming whether the trustees have had regard to the guidance issued by the Charity Commission on publi¢ benefrt Para 1.18 Additional infomiation (optional) You ma choose io include further statements where relevant aboLrt: The CIO does not make charitable grants Policy on grant makiryJ Para 1.38 The CIO does not invest Its funds. Policy on social investrnent including program ￿lated investment Para 1.38 The club is run entirely by volunteers and has no em lo ees. The ¢oa¢hin coaches. Other Achievements and Perfomiance The Club continues to work collaboratively with its members in developing a 5-y8ar 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. Our facilities werè 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 showcase for the sport to local residents. The main achlevement 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 24 adult athletes (over 80°A women) during th1$ period of whom over 75% chose to continue to rowing membership (as prior year). The reduction in LTR courses refiected better member retention through an improved coaching program and consequent restrictions due to squad I site capacity. This has resulted in a Wait list exceeding 94 adult athletes. expected to grow during this coming Olympic year. The Summer School programme involved 62 young people {49°A girls) learning to with 7 coaches and 22 junior helpers. Summary ofthe main achievements of the charity, identifying the dtfference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional Inforniatlon (optional) You ma choose to include further statements vthere relevant aboutr. Achievements against objectives set Parn 1.41 Perfomiance of fundraising activities against objecb'ves set Para 1.41 Investment Ferfomian against obj'ecttves Para 1.41 Other Review of the Ghanty's financial position at the end of the Statement explaining the policy for holding reserves stating vthy they are held Pwa 1.21 P¥a 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 surroundin areas £347,143 year end designated and restrictèd funds [not includin9 £6,326 unrestricted fvnds NIA Amount of rese￿eS held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going tncem Para 1.22 Para 1.24 There are no such funds Para 1.23 There are no such uncertainties Additional Inforn￿tion (optional) You ma choose to include further statements vthere relevant about: Subscription income Learn to rim cours￿1 junior summer school Grant appllcations to relevant charities. The tharty's wincipal sources of funds (induding any fundraising) Para 1.47 The CIO takes a cautious approach to its funds which are held in listsd bankslbuilding society and therefore protected. In these circumstances a social investment policy is not Investment policy and objectives induding any social investment policy adopted Para 1.46 A descrrption of the principal risks facing the d￿rIty Parn 1.46 The main risks are loss of members due to the Club's inadequate premises and repairs being required due to the dila idated state of the remises. Structure, Governance and Management Description of chartvs trusts.. Type of governing document Para 1.25 Trust Deed How is the charity onstituted? Parn 1.25 cio Trustee selection methcmjs including details of any nstitutional 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 balloL Trnstees retire by rotation on a 113 basis and the datss for such retirements have been selected by lot The CIO is encouraging applications from underrepresènted rou Addltional infornption {optlonal} You ma choose to include further ststements where relevant abouL" Policies and pr￿lureS adopted for the induction and training of tn￿teeS Para 1.51 The charity's organisational structure and any wider ne￿ork with the charity works Para 1.51 Relationship with any related parties Parn 1.51 Otrier Reference and Administrative details Chari name Other name the chari uses istered cha number Charity's principal address Ro al Chester R¢)wi Club 1188080 Royal Chester Rowing Club The Groves Chester CH1 1SD Names of the charlty trustees who manage the charity Tnk8tse nam• Office (Sf any) Datss acted if not for whol• èar Name of pprson lor body) entitl•d int tNstee {rfan John Boothman John C Davies Andrew Fimian Christopher Bird Michal Palamarczuk Ch1￿ Sheward Adam Wilson Club Captsin Treasurer 10 12 13 14 15 16 17 18 19 20 rate trustees- names of the directors at the date the re Di￿tOr name Nonè rtwasa Name of trustees holding title to property belonging to the cha Tru¥tee name Dates aelpd rf not for whole None ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity None Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects None Details of arrangements for safe Gustody and segregation of such assets from the charty's own assets None Additional infomiation (optional) Names and addresses of advisers (Optional infomiation) Type of Name adviser Address Name of chief executive or names of senior staff members {Optional inforniation) Exemptions from disclosure Reason for non-disclosure of ke rsonnel detsils Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charitys trustees Signature(s) Full namels Position (eg Secretary. Chair. et¢) John Boothman Trltst Date g.10.Zo ROYAL CHESTER ROWING CLUB Chaffty No 1188080 ACCOUNTS FOR THE YEAR ENOING 2Wel)ruary.2024 0(￿￿￿E1￿ 1 lof2): FY 2024 FY 2023 funds lunds Tolal funth Total funds In¢ome Subscriptions and boatstotagÈ Rowing tuition Htre of Clubroom and equipmeni Fund raisirvd shop sales Events RCRC I(Q Club Insurance Claim resmbursement Admin. key dep051ts. etc Interest Racing deposits Svb-total 79,165 19.165 6243 14.489 1,6&1 14.TTI 79.165 19,165 6,243 14,489 1.633 14.777 19,OeO 4.428 11.863 807 16.635 4.113 2233 124 10.750 14.620 167.205 2.233 124 10.750 14.620 167,205 240 4,470 12,547 138.210 Asset salesand and other Income Equiprnent disp05als Sponsorship and Donation5 Grants Sub-totsi 55 14.931 2.￿)5 24.400 27.305 3,W5 24,400 28,305 14,986 Yotsl re¢elpt5 171.110 24AQO 195.510 153,196 Expfrnditure Club coaching Rowing tuition c05t5 Equipment fflaintefiance PreThi5es tnaintenance 28.357 3.415 16.812 8.010 4,102 11,751 4.230 9,578 28,357 3.41S 16.812 8,010 4.102 11.754 4.230 9.578 23,938 1,831 16.611 3.227 3.146 Fundraisingc05ts Shop stock Event costs RCRC lth Club costs Insurances Admin, Bank Charges. etc Affiliation fees Racin8 costs S￿￿total 630 10.279 1.7*2 11.410 915 13.118 1.187 13.118 1.187 1.562 14.163 11&107 1.525 12. 94,705 14.163 118.IQT Asset purchases and otherexpendri Boat aCqu￿1t10ns General acquisitions Site Development Costs sU￿tOtal 15.353 32,t75 10.224 47.528 11.629 30.130 3.986 16.758 42,3g9 59,157 34,115 Total payments 134.866 42.399 177265 128.820 Net offerebpt51lp￿eTrtsl 117.9991 18246 24,376 Transfers betweenfvt)ds 137.rJ)11 37.1M)1 tashfund5 last year end 68.775 310,847 Cash fundsihls year end 326 296.367 50,776 351469 335,223 The attached rbotes form partofthese finantialsmemerts Si8ned tsvtn￿ees on behallof allthetrustee5 Si8ll Date of appT¢)val q7< OCLD C/ 2 NO l. These accounts have been prepared on 3 re￿Ipts and payments basis in accoTdance with Charity Commission guidance 2. All funds are to the nearest £. 3. The restricted funds relate to a legary andBrants receNed whith aTe to besk*nt on t￿ts or premise5. 4. The balance on the race account, which 15 held on beha￿ of racinE members. has been included in cash fund5 and shown as a liability with awciated entrie5 be5w madelu racsre deposrts r￿￿ed racingtosts intufred dLtringthe year. t)CCUllEMT 2 lof 21: Ststemerrt of a$sets & liabilibeS at the period and FY 2024 FY 2023 fum1$ fund$ Total fund$ Total funds Cash fvnd5 Current attounts Deposit accounts Cash in hand Total ¢ash fvnd5 6.076 6,076 347.143 250 353.469 6,831.74 328,140.99 250.LN) 335,223 296,367 50,716 250 6.326 50,n6 Other monetaryassets Nll Nll In¥e5tment assets Nll Nil Assets retained forthe thariws ovm use Trade receivables Stock.. bar and shop Club s?Iver Freehold and buildings Boats and equipment 4.236 4.236 1,414 15.552 530.166 549,9S5 15.552 530.166 549.955 15.552 475.274 492.241 Liabilitie5 Trade creditor Subscrition refunds agreed Key deposlts Racing deposlts 1,2SO 5.838 7,088 1.250 5.838 7,088 1,240 5.381 6.621 The attached notes f￿M part ofthesefinaMial ststemer 518med by trustees on behaifof all the trurtee5 Signature Print Name Date of approval o.z*. IS-II_Z NOTES: These acto ts have been prepared on a re￿Ipts and pa￿fits basis in accordan(e with Charity Commlssion guidance. All funds are to the nearest £. 3. The De51gnated i und5 are held fDrfuture Development C051s as approved bythe Committee. 4. The ￿set$ retained for the charitys own use arÈ walved at cost. Indepcndent c￿￿Miller's report to the trustees of Roi'al Chester Roi)"ino5 Club I ri'port to tlIL' liuslL'cs on m) L'iarniiiaiiOlI ()l-thi accounts of ihc Roi.al CIILsILr11()iiiill¥ Liub lor th¢ !'Lar LndLd ?%' Februm. ?11?4. Re5pon%ibilities and basis of report ,.Is IhL Lli".,riii IriislLiS ol. the Roi ril Chesler RoiiiT)(Y Club )"ou arL rcsponsible for the Pl-iparaiion ol. IIIL accoiinis in aLLordance iiith ihL fLquirLmLnis ol. Ihe L liarilic% wlci ?01 I I rep()I'l in rL'%piCt nl.mi e.xamination li. Ib.L Ri)!'al ClieslLr Roii'in(J Club's aLLOUlli% Lak't'iec, i)Iit linder %L'Llii?n l {)I' Ili.. ?{) I I :'ILi aiiu ill Lai-ii ii]1s out mi i_Kailliiic11ioii I li¥ll'-i Ic)11(Iii.ed all appliL¢ihli' l)irL¢tioii '.11 Ln hi" IliL' Charili" Coniiiiission linder kLLiiQlI 14)l i i(h nl. dcpendent eiaminer's I hai'L Loiiipli'li'd iiii LxaniiiialiL)11 i Ll)i.,Iirm ilid., iio niatLI-iai TI iallirs hai"i L()n)Th to In aiLLnli()ii iii coiinLLlion li ith the exaiiiinaiion oii.-inLT causL" lo b li=1"¥ tlul iii an) malcrial ILL()UlltinÉ) fL"cords ii."cre noi k'epl in res￿1 of ihe Ro)'al Cl)Lsler11()ii""iii,, Club a% r¥quifLJ b!, %L'LEiI)n l =O ol- Ilii. . Xil: ()l- ? Ihe ¥xaniiiiaiioii iil"thL accounls ofihL R()i.al CIILsIL'r R()ii ini. L lub loi. IhL l Lar LndLd ?8 FLbruar)." ?Q?4. Rt%ponsihilities and b2SIs of rei)url .,l% iIiL L!I'-.rili Iruslc¥y nl. ilic Roi al ClieslLr Roil li)¢) Club l.ou arL respoiisible lor the preparation ol. thL acloiinis in dLLordancL iiiih ihi fLquif¥m¢nis ol"IhL Lliaril Acl ?01 I I'lhc ,ILI'} rLP()rl in rL%PLLt Ill. m!. c.Kaminali()n ()I' IliL Roi'"al Ch￿11￿r Roii'inLT Club's acLouiii% LLIII'IL'C. all iliL cipplical)l¥' l)irLLtionb i71l'Lli b!. Ili¢ Charili Li)niiiiisxion iindLI' j()n 1411 j11 b. 171" Independent eiam£ner's 5tAteinent I hcll'L' L()nipl¥'li'd i)?1 ¢KaniiiJai ji)ii l Li)Iilirm ii":ai iio n7"l¥iial hai-L Ll)111L l() Iri atil'ntion iii Lu21llL'LLiOli ikiih lh¢ ¢'xaiiitnaiion 2ii.'inL) I:'ii CilUSL lo belici e tli re¢ord% ii"eTL iioi k"Irfyl in rL%PLLI ofihe Rol'al Chcslcr Roii."iiic¥ Club as requii'Ld b!, %L'LlI()n l.)0 ol. IhL ..lil- or thc