## Royal Leamington Spa Canoe Club ## Accounts for the year ended 31 December 2025 ## **Royal Leamington Spa Canoe Club** ## **CONTENTS** ## **Page:** ## **2-4 Trustee’s Report** - **5 Independent Examiner’s Report** - **6 Receipts and Payments Account** **7 Statement of Assets and Liabilities** ## **8 -16 Notes to the Financial Statements.** Page **1** of **16** **Royal Leamington Spa Canoe Club** ## **TRUSTEE’S REPORT** The trustees present their report for the period ended 31 December 2025. ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** of the charity and of the surplus or deficit of income against payments for the year. The trustees are responsible for: • position of the charity; and - safeguarding the assets of the charity and hence for taking reasonable steps for prevention and - detection of fraud and other irregularities. ## **LEGAL AND ADMINISTRATIVE** The charity was formed as a new Charitable Incorporated Organisation (CIO) on 23 April 2020 under Charity Commission registration no: 1189190. It is governed by a CIO Constitution. ## **OBJECTIVE** inhabitants of Royal Leamington Spa and the surrounding area by the provision of facilities and opportunities to participate in canoeing, kayaking and paddleboards (commonly known as paddle sport). Below is the detailed objectives as defined in the Charitable Incorporated Organisation (CIO). **1.** The **overall objective** of Royal Leamington Spa Canoe Club is to **provide a safe and secure environmen** t, where **all people can try and take part in paddle sport** . ## **2. Develop existing paddlers** ## **3. RLSCC supports** - a. Local children progress in paddle sport by o�ering the most relevant governing body schemes - b. Recreational paddlers by promoting white water and placid-water paddling - c. Competitive paddlers by providing regular training sessions for Sprint and Marathon paddlers - d. Coaches by providing training and courses to ensure members can paddle in safety - e. Volunteers as they support the day to day running of the club Page **2** of **16** **Royal Leamington Spa Canoe Club** ## **TRUSTEE’S REPORT** ## **REVIEW OF ACTIVITIES** The AGM was held in June 2025 and a new committee was elected to operate the day to day business of the club. The Trustees have been focussed on ensuring the future operations of the club and the heads of terms of a new 15 year renewing lease on our building have been agreed with Warwick District Council. This is expected to move to the signing of a new lease during 2026. We have been concerned for some time with the di�iculties of changing signatories with Barclays bank and a move to a new account with Lloyds is in progress. Membership income was very similar between 2024 and 2025, despite full programmes of beginner activity in all parts of the club. This suggests that we might be coming towards the end of the surge of interest in the sport that followed the pandemic. Some very hard work from our Head Coaches, especially Stef Whatcott, means that we were able to comply with the PUK Standards for deployment well in advance of their deadlines. We are committed to maintaining that standard going forward. We ran a Paddle Sport Instructor Course in October and a First Aid course to enable our coaches to develop and stay up to date. ## **Racing Activities** In 2025 PUK changed the funding system for the racing pathway and we ceased to be a pathway club. This has had little e�ect on racing coaching activities as we had always planned for it to become self-sustaining. We have a very active participation in every age category. We have maintained a very active participation in sprint and marathon racing throughout the year with trips to away races on many weekends. Sam Sparks – Team GB for Sprint Neil Blackman – WW World championships Tom Gough – European Gold medal Tom Price – reached the A Final at World Championship. ## **Recreational Activities** The club continues to o�er beginner and developing paddler courses through the summer for canoe, kayak and paddleboards. Introduction to white water takes place in the autumn. Junior sessions take place every Saturday and have included introductions to white water for many. summer and the winter months. Page **3** of **16** ## **Royal Leamington Spa Canoe Club** ## **TRUSTEE’S REPORT** ## **Events and Trips** River Dart Trip – February Hosting a Hasler Race – March Recreational Summer Camp in Wales – June The Doggy Paddle – July Family camp on the Wye – July Surf camp – September Scotland Advanced White water Trip – November River Avon Descent – November The general operation of the club (membership administration, health & safety, safe guarding, club maintenance) are all in line with the policies, and are reviewed regularly by committee and reported to the trustees. Tess Lukehurst For the Trustees Page **4** of **16** **Royal Leamington Spa Canoe Club** ## **INDEPENDENT EXAMINER’S REPORT** ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ## ROYAL LEAMINGTON SPA CANOE CLUB I report to the trustees on my examination of the accounts of Royal Leamington Spa Canoe Club (“the charity”) for the period ending 31 December 2025. ## **Responsibilities and basis of report** As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Jason Foxwell FCCA FCIE** independent-examiner.net 12 Hillbourne Road, Poole, BH17 7JB Page **5** of **16** ## **Royal Leamington Spa Canoe Club** ## **Receipts and Payments Account** ## **For the year ended 31 December 2025** |**Notes**
**Income from:**
Donations & legacies
**1**
Charitable activities
**2**
Investments
**3**
Other income
**4**
**Total Income**|**Restricted**
**Funds**
**2025**
**£**
-
7,150
-
-
**7,150**|**Designated**
**funds**
**2025**
**£**
3,899
40,571
2,047
2,264|**Total**
**2025**
**£**
3,899
47,721
2,047
2,264
**55,931**|**Restricted**
**Funds**
**2024**
**£**
-
8,995
-
-
**8,995**|**Designated**
**funds**
**2024**
**£**
20,500
41,792
2,292
610
**65,194**|**Total**
**2024**
**£**
20,500
50,788
2,292
610| |---|---|---|---|---|---|---| |||**48,781**||||**74,190**| |**Expenditure on:**
Charitable activites
**5**
**Net (outgoing)/incoming resources**
**before transfers**
Gross transfers between funds
**11-12**
**Net movement in funds**|(3,904)
3,246
(3,246)
-|(51,419)
(2,638)
3,246
608|(55,323)
608
-
608|(4,498)
4,497
(4,497)
-|(55,916)
9,278
4,497
13,775|(60,414)
13,776
-| |||||||13,776| |Fund Balances at 1 January 2025|-|170,448|170,448|-|156,672|156,672| |**Fund Balances at 31 December 2025**|**-**|**171,056**|**171,056**|**-**|**170,448**|**170,448**| Page **6** of **16** ## **Royal Leamington Spa Canoe Club** ## **Statement of Assets & Liabilities As at 31 December 2025** **----- Start of picture text -----**
2025 2024
Restated
Notes £ £ £ £
Current assets
Cash at bank and in hand 171,056 170,448
Net current assets 171,056 170,448
Income funds
Restricted funds - -
Designated funds 171,056 170,488
Unrestricted funds - -
171,056 170,488
**----- End of picture text -----**
Page **7** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements As at 31 December 2025** ## **1. Accounting policies** ## **Charity information** Royal Leamington Spa Canoe Club is a Charitable Incorporated Organisation. ## **1.1 Accounting convention** Charities Act 2011. As the charity’s income is below the statutory threshold, it is not required to prepare accruals accounts under FRS 102 or the Charities SORP (FRS 102). The trustees have nevertheless adopted accounting policies and disclosures that are consistent with the principles of FRS 102 and the Charities SORP where these enhance the clarity and usefulness of the financial statements. The charity is a Public Benefit Entity as defined by FRS 102. ## **1.2 Going concern** has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds that have been set aside by the trustees for specific purposes; although not restricted by donors, they reflect internal decisions about the intended use of resources. ## **1.4 Income** Income and cash donations are recognised on a receipts basis. ## **1.5 Expenditure** Expenditure is recognised on a payment basis. ## **1.6 Cash and cash equivalents** financial liabilities requiring disclosure under FRS 102. ## **1.7 Non-monetary assets** monetary assets and liabilities are reported on the balance sheet. Non-monetary assets such as equipment, furniture, and other tangible items owned by the charity are not capitalised and are therefore not recognised in disclosed in the notes to the financial statements. These disclosures do not represent recognition of such items as accounting assets and do not a�ect the reported financial position. Page **8** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** ## **2 Donations and Legacies** |Donations, grants & sponsorship
BC funding|Donations, grants & sponsorship
BC funding||||**2025**
149
3,750
**3,899**|**2025**
149
3,750
**3,899**||**2024**
5,500
15,000
**20,500**|**2024**
5,500
15,000
**20,500**|||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||| |||||||||||||| |**3 Income from Charitable Activities**
Club membership
Hasler income
Avon descent income
Doggy paddle
Coaching fees
Pool sessions
Recreational trips
Misc income|**Membership**
**2025**
**£**
17,830
17,830|**Racing**
**2025**
**£**
10,960
189
11,149|**Recreational**
**2025**
**£**
7,829
220
1,162
9,211|**Events**
**2025**
**£**
2,041
340
7,150
9,531||**Total**
**2025**
**£**
17,830
2,041
340
7,150
18,789
220
1,162
189
47,721|**Membership**
**2024**
**£**
17,252
17,252||**Racing**
**2024**
**£**
11,110
644
11,754|**Recreational**
**2024**
**£**
5,111
895
3,711
9,717|**Events**
**2024**
**£**
3,071
8,995
12,066|**Total**
**2024**
**£**
17,252
3,071
8,995
16,221
895
3,711
644| |||||||||||||50,788| Page **9** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** |**4 Investments**
Bank interest received
**5 Other income**
Venue hire
Christmas party
Misc income|**2025**
**£**
2,047
**2,047**
**2025**
**£**
2,100
159
5
**2,264**|**2024**
**£**
2,292| |---|---|---| |||**2,292**
**2024**
**£**
560
50| |||**610**| Page **10** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** **6 Expenditure on Charitable Activities** |Avon Descent
Coaching fees
Safeguarding
First Aid
Equipment Purchases
Misc Expenditure
Rec. trips
Pool hire
Doggy paddle expenses
Share of Support & Governance costs
(note 7)|**Club**
**expenditure**
**2025**
**£**
64
1,500
**1,564**
23,903
**25,467**|**Racing**
**Recreational**
**2025**
**2025**
**£**
**£**
13,987
4,085
-
-
-
-
269
4,572
20
1,971
1,048
**14,276**
**11,676**
**14,276**
**11,676**|**Events**
**2025**
**£**
3,904
**3,904**
**3,904**|**Total**
**2025**
**£**
-
18,072
64
1,500
4,841
20
1,971
1,048
3,904
**31,420**
23,903
**55,323**|**Club**
**expenditure**
**2024**
**£**
**-**
35,261
**35,261**|**Racing**
**2024**
**£**
12,988
52
135
273
229
**13,677**
**13,677**|**Recreational**
**2024**
**£**
2,343
147
1,170
81
1,950
983
**6,674**
**6,674**|**Events**
**2024**
**£**
304
4,498
**4,802**
**4,802**|**Total**
**2024**
**£**
304
15,331
199
1,305
354
229
1,950
983
4,498| |---|---|---|---|---|---|---|---|---|---| ||||||||||**25,153**
35,261| ||||||||||**60,414**| Page **11** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** |**7 Support & Governance Costs**
Accountancy
British canoeing affiliation
Building improvements
Club maintenance
Electricity
Insurance
Cleaning
Waste management
Water rates
WDC building insurance
WDC lease & rates
Website & hosting
Membership system
Telephone & internet Services
Go cardless fees
Stripe fees
Miscellaneous expenditure|**Support**
**2025**
**£**
8,367
739
1,264
791
514
343
1,011
809
5,195
227
677
-
154
564
1,586
**22,241**|**Governance**
**2025**
**£**
598
1,064
**1,662**|**Total**
**2025**
**£**
598
1,064
8,367
739
1,264
791
514
343
1,011
809
5,195
227
677
-
154
564
1,586
**23,903**|**Support**
**2024**
**£**
18,324
343
1,328
639
349
341
902
642
5,045
274
739
86
132
786
3,677
**33,606**|**Governance**
**2024**
**£**
580
1,076
**1,656**|**Total**
**2024**
**£**
580
1,076
18,324
343
1,328
639
349
341
902
642
5,045
274
739
86
132
786
3,677| |---|---|---|---|---|---|---| |||||||**35,261**| Included in accountancy are costs of £425 (2024- £415) paid for completion of the independent examination of the club's accounts. Page **12** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** - **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year - **9 Employees** The average monthly number of employees during the year was: |||**2025**||||**2024**||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Number**||||**Number**||||||||||||||||||||| |||||||||||||||||||||||||||| |||**0**||||**0**||||||||||||||||||||| There were no employees whose annual remuneration was more than £60,000 - **10 Taxation** The charity is exempt from tax on income and gains under sections 466–493 CTA 2010 and section 256 TCGA 1992, to the extent that such income and gains are applied for charitable purposes. Page **13** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** |**For the year ended 31 December 2025**||| |---|---|---| |**11 Non-monetary Assets**
Canoes & equipment
Kitchen white goods & equipment
Equipment
Audio visual & laptop|**2025**
**£**
175,000
15,000
8,500
1,200
**199,700**|**2024**
**£**
175,000
15,000
8,500
1,200| |||**199,700**| Page **14** of **16** ## **Royal Leamington Spa Canoe Club** **Notes to the Financial Statements (continued) For the year ended 31 December 2025** ## **11 Designated Funds** |Building Fund
Grant Spend
Coaching Fund (Rec)
Coaching Fund (Racing)
Equipment fund
Gym fund|**Balance at**
**1 January 2025**
**£**
81,068
675
27,755
59,275
-
1,675
**170,448**|**Incoming**
**Resources**
**£**
24,512
9,370
14,899
**48,781**|**Resources**
**Expended**
**£**
(25,467)
(11,676)
(14,276)
**(51,419)**|**Transfers (to)/from**
**restricted funds**
**£**
3,246
**3,246**|**Balance at**
**1 January 2026**
**£**
83,359
675
25,449
59,898
-
1,675
**171,056**|**Balance at**
**1 January 2024**
**£**
83,972
675
24,153
46,198
1,675
**156,672**|**Incoming**
**Resources**
**£**
28,164
10,277
26,754
**65,194**|**Resources**
**Expended**
**£**
(35,565)
(6,674)
(13,677)
**(55,916)**|**Transfers (to)/from**
**restricted funds**
**£**
4,497
**4,497**|**Balance at**
**1 January 2025**
**£**
81,068
675
27,755
59,275
-
1,675| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||**170,448**| Receipts and payments relating to the club’s racing and recreational activities, which are presented within charitable activities in the Statement of Financial Activities, are designated to the Racing Fund and the Recreational Fund respectively. These designations reflect the Trustees’ intention that income generated from these activities is applied to support and develop those areas of the club’s operations. Any remaining balance of unrestricted funds at the year end, after allocations to the Racing and Recreational Funds, is designated to the Building Fund. This fund exists to support the ongoing maintenance, improvement, and future development of the club’s facilities. Designated funds remain part of unrestricted funds and may be reallocated by the Trustees if circumstances require. Page **15** of **16** ## **Royal Leamington Spa Canoe Club** ## **Notes to the Financial Statements (continued) For the year ended 31 December 2025** ## **12 Restricted Funds** |Doggy Paddle|**Balance at**
**1 January 2025**
**£**
-
**-**|**Incoming**
**Resources**
**£**
7,150
**7,150**|**Resources**
**Expended**
**£**
(3,904)
**(3,904)**|**Transfers (to)/from**
**unrestricted funds**
**£**
(3,246)
**(3,246)**|**Balance at**
**1 January 2026**
**£**
-
**-**|**Balance at**
**1 January 2024**
**£**
-
**-**|**Incoming**
**Resources**
**£**
8,995
**8,995**|**Resources**
**Expended**
**£**
(4,498)
**(4,498)**|**Transfers (to)/from**
**unrestricted funds**
**£**
(4,497)
**(4,497)**|**Balance at**
**1 January 2025**
**£**
-| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||**-**| The Doggy Paddle is an annual fundraising event organised by RLSCC, from which 50% of the gross proceeds received each year are donated to The Guide Dogs for The Blind Association (registered charity no. 209617). Movements on this restricted fund therefore reflect the income raised and the amounts transferred in accordance with the stated fundraising terms. Page **16** of **16**