##
##
||SORP||
|---|---|---|
||reference||
|Summary ofthe
purposes ofthe|Para 1.17|The promotion ofcommunity participation in healthy
recreation, in particular for the provision offacilities for the|
|charity as set out||sport of rowing, for the benefit ofthe inhabitants ofthe|
|in its governing
document||greater Bristol region.|
|Summary of the|Para 1.17|The CIO provides safe facilities for exercise, competition,|
|main activities in|and 1.19|and recreation, on the waterand on land.|
|relation to those|||
|purposes for the||The club's vision: To be the most successful rowing club in|
|public benefit, in||the South West, through opening up rowing to all.|
|particular, the|||
|activities,||to provide open rowing for all in the local community,|
|projects or
services
identified in the
accounts.||providing the facilities and support to enable as many
people as possible from Bristol and its surrounding area
to learn and practice the sportofrowing at both
recreational and competitive levels regardless ofage,|
|||gender or ethnic origin.|
|||to provide a safe and secure environment for all|
|||members|
|||to ensure that all members are treated fairly and|
|||equally.|
|||to continue maintaining and strengthening our club;|
|||welcoming experienced rowers who move to Bristol and|
|||want to continue to row; as well as recruiting new|
|||rowers through our 'Learn to Row' courses for adults|
|||andjuniors, encouraging them tojoin the club and to
progress tothe junior, senior, masters or recreational|
|||squads|
|||to continue to offer opportunities tojuniors through our
Junior Bursary Scheme to promote diversity within the|
|||sport|
|||to work with local organisations, councils, neighbouring|
|||rowing clubs, and community groups to actively|
|||promote rowing locally, regionally, and nationally|
|||tn
nntiniia tn hiiild
with Inral hiicinaceae and
3|
|||~|
|||with them to offer employees the opportunity to improve
their health and fitness through, for example, our|
|||Corporate Rowing Challenge|
|Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:|Additional information (optional)
You may choose to include further statements where relevant about:|
|---|---|---|---|
||SORP|||
||reference|||
|Policy on grant|Para 1.38|||
|making||||
|Policy on social|Para 1.38|||
|investment||||
|including||||
|program related||||
|investment||||
|Contribution|Para 1.38|Volunteers are essential in both supporting and managing
the rowing club. Withoutvolunteers the rowing club would
not be able to function. Volunteers contribute tothe||
|made by
volunteers||following:
-
Governance ofthe club||
||||Day-to-day management of the club's facilities|
||||Maintaining premises, equipment, and property,|
||||day-to-day
Coaching the sport of rowing and related training
activities at all levels of participation|
||||Supporting events, competitions, and competitors
Planning and organising social events|
||||Ensuring and promoting safety on and offthe water
Welfare|
|||The CIO has no paid employees.||
##
||SORP||
|---|---|---|
||reference||
|||- In the 2024/25 season membership numbers remained
broadly stable with somedecreases over the period, with
362 active members (2024: 382). The main reasons for|
|Summary ofthe
main
achievements of
the charity,
identifying the
difference the|Para 1.20|leaving were pursuing other sporting interests/hobbies or
challenges due to the cost of living crisis.
- Income has increased given the greater level ofactivity
and participation in external events / regattas. This has
enabled greater numbers of members to participate in
events ofall levels of skillset.|
|charity's work
has made to the
circumstances of||- The club has been a member ofthe British Rowing
Coaching Development Programme, benefiting the existing
coaches|
|its beneficiaries||-The club has continued to offera Learn to row course|
|and any wider
benefits to||with the club: wewere able to run the course in line with
the appropriate charitable requirements. This is an|
|society as a
whole.||important source of income not only as a one-off but also
as future membership fees.
-Thejuniors achieved strong regional and national
success, with a strong national schools' entry. The senior|
|||men gotthe strong results at the national level, including
record entries at Henley Royal Regatta. The women had a|
|||strong season, qualifying crews for Henley Women's
regatta. Training has continued through a robust|
|||programme and hope for further progress in 2025.
- The senior squads have benefited from a lead and an
assistant coach who have now been in post for a number of
years. Junior coaching has a good structure, training and
retention programme which is proving to be successful.
The recreational and master's squads continue to be active|
|||at regional and national races.
-The safety and welfare of members remain a top priority,
the officers responsible for this did a greatjob and always
have full trustee and committee support.
-This yearwe invested in a new4-, as well as key pieces
of infrastructure to improve both the functionality and safety|
|||of our facilities.|
|Achievements|||
|---|---|---|
|against|rdid|1.41|
|objectives set|||
##
|Review ofthe
charity's financial
position atthe
end ofthe period|Para 1.21|Due to the Charity's size, with gross income ofover
£250,000, the Charity is required to report its financial
statements underthe Accrual's Basis of accounting, in
accordance with the Charities SORP.|
|---|---|---|
|||Accordingly, the prior year financials have been restated,
and the current year financials reflect the change in|
|||accounting policies.|
|||In the year, the charity has generated net income of|
|||£11,549 (2024 (restated): £96,528) ofwhich £9,947|
|||contributes to the general funds ofthe charity, with £1,602
contributing to restricted funds (the Junior Bursary).|
|||The reduction in net income is due to an increase in costs,|
|||with an increase in boat and equipment repairs, events
costs, and the impact ofthe first-time adoption ofaccruals'|
|||accounting policies, specifically depreciation on fixed|
|||assets.|
|||The club has cash of£497,540 at the end of the year
(2024: £500,352). The club has continued to invest in|
|||equipment, with £21,084 spent on a new a 4-, and £10,142|
|||spent on beginning the boathouse refurbishment.|
|||At the end ofthe year, the club held funds of£737,857,
allocated as follows:|
|||Unrestricted funds|
|||Unrestricted funds are allocated between General (for day-
to-day operation ofthe charity) and Designated funds|
|||(allocated for specific projects):|
|||General Fund: an unrestricted fund administered by the|
|||trustees to support the day-to-day running of the charity.
The fund totals £100,816, including a Reserve of£80,000|
|||(see below).|
|||Designated funds, being:
Fixed asset fund, representing the net book value of|
|||assets purchased by the charity forthe fulfilment of
its objectives. Primarily, this relates to boats and|
|||equipment, together with ancillary assets (truck,
boat trailer, and launches). The boathouse structure|
|||{which is owned by the charity, is also included
within this fund. This fund totals £246,064.|
|||Boathouse renovation fund, being funds designated|
|||by the trustee to renovate the boathouse and
clubhouse structures, totalling £269,858.|
|||Invectmantfind: acknnwledainn the ane nfthe|
|||fleet, these are funds designated by the trustees,|
|||totalling £100,000, to enable a one-off investment to|
|||refresh the fleet.|
|||Restricted Funds|
|---|---|---|
|||Being funds donated to the club to support the Junior|
|||Bursary programme, totalling £21,114.|
|||See Note 12 ofthe Financial Statements for a detailed|
|||breakdown offunds.|
|Statement|Para 1.22|The trustees have determined that reserves should be|
|explaining the||maintained to ensure that the charity is able to meet day-to-|
|policy for holding
reserves stating||day operations for a period of 12 months should all income
cease. This sum is currently £80,000 and is reviewed|
|why they are held||annually by the trustees to ensure thatthis level of reserve|
|||remains appropriate.|
|Amount of|Para 1.22|£80,000|
|reserves held|||
|Reasons for|Para 1.22|Not applicable|
|holding zero|||
|reserves|||
|Details offund|Para 1.24|Not applicable|
|materially in|||
|deficit|||
|Explanation of|Para 1.23|None|
|any uncertainties
aboutthe charity|||
|continuing as a|||
|going concern|||
|Description of charity's|||
|---|---|---|
|trusts:|||
|Type of governing document|Para 1.25|Constitution|
|How is the charity|Para 1.25|CIO|
|constituted?|||
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of|Para 1.25|Trustees are appointed by election at the
Annual General Meeting. Once appointed,
Trustees are typically expected toserve a
term oftwo years.|
|any person or body entitled|||
|to appointone or more|||
|trustees|||
|Additional information (optional)
You may choose to include further statements||where relevant about:|
|Policies and procedures||
|---|---|
|adopted for the induction and||
|training oftrustees|Para 1.51|
|The charity's organisational||
|structure and any wider
network with which the|Para 1.51|
|charity works||
|Relationship with any related||
|parties|Para 1.51|
|Other||
##
|me|s ofthe charity trustee|s who manage the|charity||
|---|---|---|---|---|
||Trustee name|Office (ifany)|Dates acted if notfor
wholeyear|Name of person (or body)
entitled to appointtrustee
(ifany)|
|1|Caitlin Bloom|Chair||AGM Membership ofCOBRC|
|2|John Smith|Captain|Appointed 22/09/2025|AGM Membership ofCOBRC|
|3|Catherine Lough|Captain|Resigned 22/09/2025|AGM Membership ofCOBRC|
|4|Robin Kirkham Parry|Treasurer|Appointed 22/09/2025|AGM Membership ofCOBRC|
|5|Robert Figueiredo|Treasurer|Resigned 22/09/2025|AGM Membership ofCOBRC|
|6|Helen Burgess|Secretary|Resigned 22/09/2025|AGM Membership ofCOBRC|
|Description ofthe assets|Not applicable|
|---|---|
|held in this capacity||
|Name and objects of the
charity on whose behalfthe|Not applicable|
|assets are held and how this||
|falls within the custodian||
|charity's objects||
|Details ofarrangements for
safe custody and|Not applicable|
|segregation ofsuch assets||
|from the charity's own assets||
##
##
##
##
##
##
##
||Charity Name
CITY OF BRISTOL ROWING CLUB|Charity Name
CITY OF BRISTOL ROWING CLUB||Charity No
any)|(if|192||
|---|---|---|---|---|---|---|---|
|||Annual accounts for the||period||||
||Period start date|01/09/2024|To|Period end
date||31/08/2025||
|SectionA|Statementof financial|activities||||||
||||Restricted||||Prioryear|
|||Unrestricted|income|Endowment|||funds|
|||funds|funds|funds||Totalfunds|(Restated)|
|||£|£|£||£|£|
||||||||Note 2|
|Incoming resources (Note 3)||||||||
|Donations and legacies|||6,976|||6,976|19,612|
|Charitable activities||||||||
|Membership Subscriptions||119.222||||119,222|112,418|
|Race Entries||50,750||||50,750||
|Training Camps and Events||43,098||||43,098|84,907|
|Corporate Row and Learn2Row||10,310||||10,310|11,052|
|Social events||13,331||||13,331|18,003|
|Othertrading activities||637||||637|5,123|
|Investments
Other||10.699||||10,699|10,317
2,237|
|Total||248,047|6,976|||255,023|263,569|
|Resources expended (Note 4)||||||||
|Expenditure on:||||||||
|Charitable activities||(233,286)|(5,374)|||(238,660)|(166,916)|
|Other||(120)||||(120)|(125)|
|Total||(233,406)|(5,374)|||(238,780)|(167,041)|
|Net income/(expenditure)
Extraordinary items (Note 6)||14,641
(4,694)|1,602|||16,243
(4,694)|96,528|
|Netmovementin funds||9,947|1,602|||11,549|96,528|
|Reconciliation offunds:||||||||
|Recognised on first-time adoption ofaccruals' accounting (Note 2)|||||||225,953|
|Total funds brought forward||706,793|19,612|||726,305|403,824|
|Totalfunds carriedforward||716,739|21,114|||737,853|726,305|
|Charity Name:
CITY OF BRISTOL ROWING CLUB||Charity No|1193972||||
|---|---|---|---|---|---|---|
|Annual accounts for the period|Period start date: 01/00/2024|||To period end date:|31/08/2025||
|Section B|Balance sheet||||||
|||Unrestricted
funds|Restricted
income
funds|Endowment
funds|FY25|FY24
(As restated)|
|||£|£|£|£|£|
|||||||Note 2|
|Fixed assets|Note 7|246,065|||246,065|253,611|
|Currentassets|||||||
|Stocks|Note 8|2,534|||2,534||
|Debtors
Cash at bank and in hand|Note 9
Note 11|12,865
476,336|PARED)||12,865
497,450|(5,649)
500,352|
|Totalcurrentassets||491,735|21,114||512,849|494,703|
|Creditors: amounts falling due|within one||||||
|year|Note 10|(21,060)|||(21,060)|(10,834)|
|Netcurrentassets/(liabilities)||470,674|21,114||491,788|483,869|
|Totalassetsless currentliabilities||716,739|21,114||737,853|737,480|
|Creditors: amounts falling due|afterone||||||
|year|Note 10|||||(11,176)|
|Totalnetassets orliabilities||716,739|21,114||737,853|726,305|
|Funds ofthe Charity|||||||
|Endowment funds|||||||
|Restricted income funds|Note 12||21,114||21,114|19,612|
|Unrestricted funds|Note 12|716,739|||716,739|706,793|
|Revaluation reserve|||||||
|Fairvalue reserve|||||||
|Totalfunds||716,739|21,114||737,853|726,305|
##
##
||In the current year the Charity has transitioned from|
|---|---|
|(i) the natureofthe change in accountingpolicy;|preparing accounts on a Cash and Receipts Basis
(as permitted by the SORP for Charities with Gross|
||income ofless than £250,000 per annum), to|
||preparing accounts on an accruals' basis.|
|(ii) thereasons whyapplying thenew accountingpolicy
provides morereliableandmorerelevant information;|Accounting policies have been updated and
amended to reflect the first-time adoption ofaccruals'|
|and|accounting. Refer to Note 2.2.|
|(iii) theamountofthe adjustment foreach lineaffected
in thecurrentperiod, eachpriorperiodpresented and
the aggregateamountofthe adjustmentrelating to
periods before those presented, 3.44FRS 102 SORP.|UnderFRS 102:35, the first-time adoption of
accruals' accounting requires a restatement of the
financial information for the comparative period (the
year-ending 31 August 2024), as far as practical on a
like-for-like basis. A reconciliation of the impact of|
||the change in accounting policy is detailed in Note 2|
||ofthese financial statements.|
||The comparative information has been restated,|
||applying the accounting policies detailed in Note 2.2|
||ofthese financial statements, in so far as this is|
||practical. Where deviations from these policies have|
||been applied, detail is provided within the specific|
||Notes ofthese financial statements.|
##
##
##
##
##
||FY24||FY24|
|---|---|---|---|
|Statementoffinancial activities|(Cash||(Accruals|
||Basis)|Adjustment|basis)|
||£|£|£|
|Incoming resources (Note 3)||||
|Income and endowments from:||||
|Donations and legacies|19,512||19,512|
|Charitable activities||||
|Membership Subscriptions|112,418||112,418|
|Race Entries||||
|Training camps and Events|84,907||84,907|
|Coroporate Row and||||
|Learn2Row|11,052||11,052|
|Social events|18,003||18,003|
|Othertrading activities|5,123||5,123|
|Investments|10,317||10,317|
|Separate material item of||||
|income||||
|Other|2,827|(590)|2,237|
|Total|264,159|(590)|263,569|
|Resources expended (Note 6)||||
|Expenditure on:||||
|Raising funds||||
|Charitable activities|(169,964)|3173|(166,791)|
|Other|(125)||(125)|
|Total|(170,089)|3,173|(166,916)|
|Net income/(expenditure) before||||
|investmentgains/(losses)|94,070|2,583|96,653|
|Netgains/(losses) on investments||||
|Netmovementin funds|94,070|2,583|96,653|
|Reconciliationoffunds:||||
|First-time adoption ofaccruals' basis|403,699|225,953|629,652|
|Total funds broughtforward||||
|Totalfunds carriedforward|497,769|228,536|726,305|
||||||
|---|---|---|---|---|
|Note 2|Accounting|policies (continued)|||
|FY24 Financial statements (restated)|||||
|||FY24||FY24|
|Balance Sheet||(Cash|Adjustment|(Accruals|
|||Basis)||basis)|
|||£|£|£|
|Fixed assets|Note 7||253,611|253,611|
|Currentassets|||||
|Stocks
Debtors|Note 8
Note 9||GE)|(5,649)|
|Investments|||||
|Cash at bank and in hand|Note 11|500,352||500,352|
|Totalcurrentassets||500,352|(5,649)|494,703|
|Creditors: amounts falling due|||||
|within oneyear|Note 10||(10,834)|(10,834)|
|Netcurrentassets/(liabilities)||500,352|(16,482)|483,869|
|Totalassetsless current|||||
|liabilities||500,352|237,128|737,480|
|Creditors: amounts falling due|||||
|after one year|Note 10||01.178)|(11,176)|
|Provisions for liabilities|||||
|Totalnetassets orliabilities||500,352|225,953|726,305|
|Funds ofthe Charity|||||
|Endowmentfunds|||||
|Restricted income funds|Note 12|19,612||19,512|
|Unrestricted funds|Note 12|480,840|225,953|706,793|
|Revaluation reserve|||||
|Fairvalue reserve|||||
|Totalfunds||500,352|225,953|726,305|
||Section C||Notes tothe accounts
{cont.)|
|---|---|---|---|
|Note 2
2.2 INCOME||Accounting policies||
|Recoanition|ofincome||These are included in the Statement of Financial Activities (SoFA) when:|
||||the charity becomes entitled to the resources;|
||||it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.|
|Offsetting|||There has been no offsetting ofassets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP orFRS 102,|
|Grants and donations|||Grants and donations are only included in theSoFAwhen the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).|
||||In the case ofperformance related grants, income must only be recognised to the extent|
||||that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).|
|Legacies|||Legacies are included in the SOFAwhen receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the|
||||estate and any conditions attached to the legacy are eitherwithin the control of the charity|
||||or have been met.|
|Governmentgrants|||The charity has received governmentgrants in the reporting period|
|Tax reclaims on donations||and gifts|GiftAid receivable is included in incomewhen there is a valid declaration from thedonor.|
||||Any GiftAid amount recovered on a donation is considered to be part of that gift and is|
||||treated as an addition to the same fund as the initial donation unless the donor orthe terms|
||||ofthe appeal have specified otherwise.|
|Contractual income and
performance related grants|||This is only included in the SoFAonce the charity has provided the related goods or
services ormet the performance related conditions.|
|Donated goods|||Donated goods are measured atfairvalue (the amount forwhich the asset could be|
||||exchanged) unless impractical to do so.|
||||The cost ofany stock ofgoods donated fordistribution to beneficiaries is deemed to be the|
||||fairvalue ofthose gifts at the time oftheir receipt and they are recognised on receipt.
In|
||||the reporting period in which the stocks are distributed, they are recognised as an expense|
||||atthe carrying amount of the stocks at distribution.|
||||Donated goods for resale are measured atfair value on initial recognition, which is the|
||||expected proceeds from sale less the expected costs of sale, and recognised in 'Income|
||||from other trading activities' with the corresponding stock recognised in the balance sheet.|
||||On its sale the value ofstock is charged against Income from othertrading activities' and|
||||the proceeds from sale are also recognised as 'Income from othertrading activities'.|
||||Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.|
||||Gifts in kind for use by the charity are included in theSoFAas income from donations when|
||||receivable.|
|Donated services andfacilities|||Donated services and facilities are included in the SOFAwhen received at the value ofthe|
||||gift to the charity provided the value ofthe gift can be measured reliably.|
||||Donated services and facilities that are consumed immediately are recognised as income|
||||with an equivalent amount recognised as an expense under the appropriate heading in the
SOFA.|
|Support costs||||
||||The charity has incurred expenditure on supportcosts.|
|Volunteer help|The value ofany voluntary help received is not included in the accounts but is described in|
|---|---|
||the trustees' annual report.|
|Income from interest, royalties and
dividends|This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.|
|Income from membership
subscriptions|Membership subscriptions received in the nature ofa gift are recognised in Donations and
Legacies.|
||Membership subscriptions which gives a member the right to buy services or other benefits|
||are recognised as income earned from the provision ofgoods and services as income from|
||charitable activities.|
|Settlement ofinsurance claims|Insurance claims are only included in the SoFAwhen the general income recognition|
||criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income|
||in the SoFA.|
|Investmentgains and losses|This includes any realised or unrealised gains or losses on the sale of investments and any|
||gain or loss resulting from revaluing investments to market value at the end of the year.|
|2.3 EXPENDITURE AND LIABILITIES||
|Liability recognition|Liabilities are recognised where it is more likely than not that there is a legal orconstructive|
||obligation committing the charity to pay out resources and the amount of the obligation can|
||be measured with reasonable certainty.|
|Governance and supportcosts|Support costs have been allocated between governance costs and other support.|
||Governance costs comprise all costs involving public accountability ofthe charity and its|
||compliance with regulation and good practice.|
||Support costs include central functions and have been allocated to activity cost categories|
||on a basis consistent with the use of resources, e.g. allocating property costs by floor|
||areas, or per capita, staff costs by the time spent and other costs by their usage.|
|Grants with performance conditions|Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFAonce the|
||recipient ofthe grant has provided the specified service or output.|
|Grants payable without
performance conditions|Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be|
||recognised.|
|Redundancy cost|The charity made no redundancy payments during the reporting period.|
|Deferred income||
||No material item ofdeferred income has been included in the accounts.|
|Creditors|The charity has creditors which are measured at settlement amounts less any trade|
||discounts|
|Provisions forliabilities||
||A liability is measured on recognition at its historical cost and then subsequently measured|
||at the best estimate ofthe amount required to settle the obligation at the reporting date|
|Basic financial instruments|The charity accounts for basic financial instruments on initial recognition as per paragraph|
||11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,|
||FRS102 SORP.|
|[Section C|||Notes to the accounts|||{cont.)|{cont.)|||
|---|---|---|---|---|---|---|---|---|---|
|Note 3|Analysis ofincome|||||||||
|||||Unrestricted|Restricted||Endowment|||
|||||funds|income funds||funds|Total funds|Prioryear|
||||Analysis|||||£|£|
|Donations and legacies:||Donations and gifts||||||||
||||||6,976|||6,976|19,512|
|||Other||||||||
||||Total||6,876|||6,976|19,612|
|All Income in the prioryearwas unrestricted exceptfor: (please
provide description and amounts)||||Donations are considered to be Restricted Funds, which have been donated tofund
specific charitable objectives (the Junior Bursary Programme), and therefore may
only be used in fulfilment ofthese objectives.||||||
|Charitableactivities:||Membership Subscriptions||119,222||||119,222|112.418|
|||Race Entries||50,750||||50,750||
|||Training Camps and Events||43,098||||43,098|84,907|
|||Corporate Row and Learn2Row||10,310||||10,310|11,052|
|||Social events||13,331||||13,331|18,003|
||||Total|236,711||||236,711|226,380|
|Othertrading activities:||Sale of Kit||||||||
|||||637||||637|5,123|
|||Other||||||||
||||Total|637||||637|5,123|
|Income from||Interest income||10,099||||10,099|9.717|
|investments:||Rental and leasing income||600||||600|600|
||||Total|10,699||||10,689|10,317|
|Other:||Insurance claims|||||||1,102|
|||Gain on disposal ofa tangible fixed asset held||||||||
|||for charity's own use|||||||810|
|||Gain on disposal ofa programme related||||||||
|||investment||||||||
|||Royalties from|the exploitation of intellectual|||||||
|||property rights||||||||
|||Other|||||||325|
||||Total||||||2,237|
|TOTAL INCOME||||||||||
|||||248,047|6,976|||255,023|263,569|
|Other information:||||||||||
|Section C||Notes tothe accounts|Notes tothe accounts||(cont.)|||
|---|---|---|---|---|---|---|---|
|Note 4|Analysis|of expenditure
FY25||||FY24||
|||Unrestricted|Restricted||Unrestricted|Restricted||
|Analysis||funds|incomefunds|Totalfunds|funds|incomefunds|Total funds|
|Expenditure on charitable|activities:|||£|||£|
|Boat and Equipment repairs||27,754||27,754|13,475||13,475|
|Race entry costs||53.520|1,048|54,568|79,628||79.628|
|Events and Training Camps||48,617||48,617||||
|Home events costs||3,490||3,490|2,364||2,364|
|Social events||13,193|403|13,596|19,561||19,561|
|Junior Bursary costs|||3,113|3,113||||
|Insurance||12,020||12,020|3,616||3,616|
|British rowing affiliation fees||1,844||1,844|3,880||3,880|
|Rent and rates||15,290||15,290|26,782||26,782|
|Cleaning||2,500||2,500||||
|Utilities||7.084||7,084||||
|Clubhouse expenses||5,068||5,068|3,672||3,672|
|Coaching costs||320|280|600|2,802||2,802|
|Kitexpenses||596||596|5,787||5,787|
|Miscellaneous expenses||2,498|530|3,028|5,224||5,224|
|Depreciation||38,772||38,772||||
|Accounting and professional|fees|720||720||||
|Total expenditure on charitable||||||||
|activities||233,286|5,374|238,660|166,791||166,791|
|Other||||||||
|Bank charges
Total otherexpenditure||120
120||120
120|125
125||125
125|
|TOTAL EXPENDITURE||||||||
|||233,406|5,374|238,780|166,916||166,916|
|7.1 Costorvaluation||||||
|---|---|---|---|---|---|
||Boathouse|Boats and|Motor|Launches|Total|
||(Building)|Equipment|Vehicles|||
||||and Trailers|||
||£|£|£|£|£|
|Cost recognised on first-time adoption ofaccruals' accounting|176,113|449,973|38,516|13,000|677,602|
|Additions|10,142|21,084|||31,226|
|Revaluations||||||
|Disposals||||||
|At end ofthe year|186,255|471,057|38,516|13,000|708,827|
|7.2 Depreciation and impairments||||||
|See Note 2|Straight line|Straight line|Straight line|Straight line||
|Rate ofdepreciation|2%|10%|20%|20%||
|Depreciation recognised on first-time adoption ofaccruals|105,668|307,413|8,310|2,600|423,991|
|accounting||||||
|Disposals||||||
|Depreciation|3,725|25,144|7,303|2,600|38,772|
|Impairment||||||
|At end ofthe year|109,393|332,557|15,613|5,200|462,763|
|7.3 Net book value||||||
|Net book value at the beginning ofthe year|70,445|142,560|30,206|10,400|253,611|
|Netbook value atthe end ofthe year|76,862|138,500|22,903|7,800|246,085|
##
##
##
##
|Stock|FY25|FY24|
|---|---|---|
||£|£|
|Opening|||
|Added in period|3,120||
|Expensed in period|(586)||
|Impaired|||
|Closing|2,534||
##
|9.1
Analysis ofdebtors|||
|---|---|---|
||FY25|FY24|
||£|£|
|Trade debtors|(4,363)|(12,881)|
|Accrued income|6,310||
|Prepayments|10,918|7,232|
|Total|12,865|(5,649)|
##
|9.2
Recognition ofTrade debtors o|n first-time adoption|
|---|---|
||FY25|
||£|
|Trade debtors|9,891|
|Memberdeposits|(14,254)|
|Total|(4,363)|
##
##
##
|10.1 Analysis ofcreditors|||||
|---|---|---|---|---|
||Amounts falling due within||Amounts falling due after||
||one yyear||more than oneyear||
||FY25|FY24|FY25|FY24|
||£|£|£|£|
|Bank loans and overdrafts|(11,180)|(6,185)||(11,176)|
|Trade creditors|(5,872)|(3,187)|||
|Accruals and deferred income|(2,844)|(1,054)|||
|Other creditors|(1,165)|(408)|||
|Total|(21,081)|(10,834)||(11,176)|
##
|Note|11
Cash at bank and in hand|||
|---|---|---|---|
|||FY25|FY24|
|||£|£|
|Cash|at bank and on hand|476,336|480,840|
|Cash|donations received, for Restricted Funds|21,114|19,512|
|Total||497,450|500,352|
##
##
|Fund names|Fund|Purpose and Restrictions|Fund balances
recognised on First-
Time adoption of
accruals accounting|Fund balances
recognised on First-
Time adoption of
accruals accounting|Net
movement in
Funds|Reallocation|Transfers|Fund
carried
balances
forward|
|---|---|---|---|---|---|---|---|---|
||||£||£|£|£|£|
||||Note|2|SOFA||Note 7||
|Unrestricted Funds|||||||||
|General funds|Unrestricted|Funds to be used for the benefit ofthe
charity at the Trustees' discretion||453,182|48,719|(380,000)|(21,084)|100,816|
|Designated Funds|||||||||
|Fixed Asset Investment|Unrestricted|Funds are equal to the net book value of
tangible fixed assets||253,611|(38,772)||31,226|246,064|
|Boathouse Refurbishment Fund|Unrestricted|Funds allocated forthe refurbishment of
the Clubhouse||||280,000|(10,142)|269,858|
|Boat fund|Unrestricted|Funds allocated for a one-off investment
in the fleet in FY26||||100,000||100,000|
|Restricted Funds|||||||||
|Junior Bursary Funds|Restricted|Funds allocated to the Junior Bursary||19,512|1,602|||21.114|
|Total Funds||||726,305|11,549|||737,853|
##
##
##
##
##
##
##
||FY25|FY24|
|---|---|---|
|Please provide details ofthe nature ofthe event|None noted|None noted|
||FY25|FY24|
|Provide an estimate of the financial effect ofthe event or a statement that such an
estimate cannot be made|None noted|None noted|
##
##
##
|Note 15
StatementofCash Flows|||
|---|---|---|
|||FY25|
|||£|
|Cash flows from operating activities|||
|Net income/(expenditure) forthe reporting period (as perthe statement offinancial activities)||11,549|
|Adjustments for:|||
|Depreciation charges|Note 7|38,772|
|Interest Income|SOFA|(10,699)|
|Loss/(profit) on the sale offixed assets|||
|(Increase)/decrease in stocks|Note 8|(2,534)|
|(Increase)/decrease in debtors|Note 9|(18,513)|
|Increase/(decrease) in trade creditors|Note 10|2,685|
|Increase/(decrease) in accruals and deferred income|Note 10|1,790|
|Increase/(decrease) in other creditors|Note 10|757|
|Netcashprovidedby(usedin) operatingactivities||23,805|
|Cash flows from investing activities|||
|Interest income|SOFA|10,699|
|Proceeds from sale offixed assets|||
|Purchase offixed assets|Note 7|(31,226|
|Netcashprovidedby(usedin) investingactivities||20,527|
|Cash flows from Financing Activities|||
|Repayments of borrowing
Cash inflows from newborrowings||(6,180)|
|Netcashprovidedby(usedin} financingactivities||6,180|
|Change in cash and cash equivalents in the reporting period||(2,901)|
|Cash and cash equivalents at the beginning ofthe reporting period|Note 11|500,352|
|Cash and cash equivalents atthe end ofthe reporting period|Note 11|497,450|
##