## **Trustees’ Annual Report for the period** ## **From 1[st] October 2024 To 30[th] September 2025** **Charity name: Oxford Amateur Rowing Club** (previously: Oxford Academicals Rowing Club) ## **Charity registration number: 1196716** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The promotion of community**
**participation in healthy recreation, in**
**particular through the provision of**
**facilities, encouragement and**
**instruction in the sport of rowing and**
**sculling for the public benefit of the**
**residents of Oxford and the surrounding**
**areas.**| |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|**We continue to provide a structured and**
**inclusive flexible rowing program to**
**members, which is well received. It is a**
**pleasure to watch the membership grow**
**and their skills and fitness improve.**
**This year we have focussed on**
**engaging the community most local to**
**the club. We ran a new ‘Learn to Row’**
**course, and have provided experience**
**sessions at the local community festival**
**Flowfest, exposing the community to a**
**rowing boat and the opportunity to try a**
**rowing machine. We have also run a**
**number of ‘meet the club’ sessions at**
**our new site. We plan on returning to**
**Oxford’s Westgate shopping centre for a**
**fundraising event in the coming year.**
**The objective of finding a permanent**
**home from which the club can fulfil its**
**charitable objectives, long term,**
**remains.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**In planning our activities for the year we**
**kept in mind the Charity Commission’s**
**guidance on public benefit at our trustee**
**meetings.**| ## **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|**This year we provided a single ‘learn to**
**row’ course, which was well-attended**
**and used an updated structure. The**
**standard of rowing at the end of the**
**course was dramatically improved**
**relative to earlier years. Many course**
**participants subsequently joined as**
**members and continue to benefit from**
**the structured training, coaching, and**
**the facilities offered by OARC. A formal**
**feedback process has been introduced**
**to allow benchmarking and inform**
**further improvements.**
**The racing program continues to allow**
**members to compete at all levels**
**through the year. Novices have entered**
**rowing and sculling races and we have**
**had wins at their first regatta! The men**
**and women’s senior squads have raced**
**strongly, though silverware has been**
**less forthcoming this year. The club has**
**fielded strong entries at the big London**
**head races including the men's and**
**women’s Head of the River Races, with**
**entries in the VIII, IV, masters and a new**
**record entry for Scullers head. We**
**participated in the regatta season with**
**crews at Henley Masters, Henley Town**
**and Visitors regatta, Isis Sculls and**
**strong showing at Henley Women’s and**
**Masters’ Regattas.**
**The programmes offered by OARC**
**improve the health and fitness of**
**members of the community in a**
**supportive, caring, and inclusive**
**environment. This allows them to gain**
**confidence and build the skill of rowing.**
**OARC temporarily operated a limited**
**service and fleet from the City of Oxford**
**Boat Club carpark at the start of this**
**reporting period. However, we have**
**managed to secure, license to occupy**
**land adjacent to the river from the local**
**council from February 2024. The**
**boathouse taskforce remains active**
**pursuing a permanent site on which the**
**club can create a lasting home.**| |**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:| |---|---|---| |
Achievements against
objectives set|
Para 1.41|
**Our main objective at the moment is to**
**maintain continuous operation of the**
**club whilst we search for a new location**
**to build a long term home.**
**The Boat House Task Force set up**
**during the previous reporting term**| |||||| |---|---|---|---|---| ||||**remains active and after a successful**|| ||||**fundraising effort, the primary effort is**|| ||||**focused on finding a suitable and**|| ||||**practical location to build a facility in**|| ||||**order to secure the long-term future of**|| ||||**the club.**|| ||||**New asset acquisitions remained**|| ||||**paused in 2024-2025, but with an**|| ||||**ever-growing number of members we**|| ||||**are now preparing to resume**|| ||||**investments to support the long-term**|| ||||**objectives of the club.**|| ||Performance of fundraising|Para 1.41|**The intense fundraising efforts in the**|| ||activities against objectives||**previous year have left us with a high**|| ||set||**level of volunteer fatigue. Thus this year**|| ||||**there has been some scaling back of**|| ||||**fundraising activities. However, moving**|| ||||**into our current temporary home has**|| ||||**resulted in a period of stability allowing**|| ||||**us to run ‘learn to row’ courses once**|| ||||**more, which serves the community and**|| ||||**also raises funds. Fundraising activities**|| ||||**are expected to increase again in the**|| ||||**coming years.**|| ||Investment performance|Para 1.41|**N/A**|| ||against objectives|||| ||Other||**N/A**|| |||||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The club remains financially in a strong**
**shape, especially after last year’s**
**fundraising efforts. While we didn’t**
**invest a similar amount of energy into**
**fundraising this year, we were able to**
**benefit from HMRC’s Gift Aid scheme to**
**generate extra income (based on**
**donations in previous years). This is the**
**main source of growth in our reserves.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|
**The club is continuing to build up**
**reserves to invest in establishing a**
**long-term home on the River Thames in**
**Oxford.**| |Amount of reserves held|Para 1.22|**£146,356.43**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**There are no financial uncertainties**
**ahead, but we do anticipate spending a**
**significant amount of our reserves in the**
**coming years on establishing a**
**long-term home for the club.**| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**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|
**This year, our three main sources of**
**income were: membership fees (~£19k),**
**members’ contributions towards**
**training and competition costs (~£15k),**
**and Gift Aid funds (~£14k).**| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**Our reserves are held with two separate**
**financial institutions in order to ensure**
**full cover by the FSCS. We expect to**
**require access to these funds at short**
**notice, and have therefore not locked**
**these up in long-term investments or**
**bonds, but in savings accounts with**
**modest returns.**| |A description of the principal
risks facing the charity|Para 1.46|**N/A**| |Other||**The charity's activities continue to be**
**supported by a substantial number of**
**volunteers who devote their time to**
**helping others. These volunteers are**
**both from within the club’s membership**
**and from the wider community. The**
**charity, its members, and the trustees**
**are most grateful to all who volunteer**
**their time.**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|
Para 1.25|**CIO Constitution**| |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|**The Trustees are elected to their post by**
**the members of the club in accordance**
**with the provisions in the CIO’s**
**Constitution.**| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|
**Trustees are appointed ex-officio**
**through their election as club President,**
**Treasurer, and Secretary. Departing**
**officers are responsible for training**
**those who are elected into their roles**
**(with support from other officers of the**
**Executive Committee, where necessary)**| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|
**The charity is run by an elected**
**Executive Committee which includes the**
**trustees.**| |Relationship with any
related parties|Para 1.51|**The charity is affiliated with British**
**Rowing in order to provide additional**
**rowing services and opportunities to**
**compete.**| |Other||| ## **Reference and Administrative details** |Charity name|Oxford Amateur Rowing Club (From Oct 2023)| |---|---| |
Other names in use|
OARC, Accies, Oxford Academicals Rowing Club (until Oct
2023)| |Registered charity number|
1196716| |Charity’s principal address|13 Earl Street
Oxford
OX2 0JA| **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 (if any)**| |---|---|---|---|---| ||Nicholas Silvester|Chairman of trustees,
President||| ||Natalie Burrows|Secretary||| ||Dr Sebastiaan van Schaik|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 charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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 adviser Name Address** ## **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** |**Signature(s)**||| |---|---|---| |||| |**Full name(s)**|Nicholas Paul Silvester|Kim Amanda Behrens| |||| |**Position (eg**
**Secretary,**
**Chair, etc)**|Chair|Treasurer| |||| |**Date**|27/07/2026|| **Oxford Amateur Rowing Club (previously: Oxford Academicals Rowing Club)** ## **Receipts and payments accounts** |**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**|**Oxford Amateur Rowing Club**
**(previously: Oxford Academicals Rowing Club)**| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |**Receipts and payments accounts**|||||||||| ||||||||||| ||**For the period from**||Period start date||**to**|Period end date|||| ||||**01 October 2024**|||**30 September 2025**|||| ||||||||||| |**Section A Receipts and payments**|||||||||| ||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**| ||||||||||| |**A1 Receipts**|||||||||| |Membership subscriptions|**-**
**-**
**18,998.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**18,998.00**||**-**
**-**
**18,187.00**| |Learn-to-Row course fees (LTR)|**-**
**-**
**2,499.16**||||||**-**
**-**
**2,499.16**||**-**
**-**
**7,410.00**| |Member charges: training & competition costs|**-**
**-**
**15,153.57**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**15,153.57**||**-**
**-**
**10,635.33**| |Member charges: tickets to social events|**-**
**-**
**4,120.38**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**4,120.38**|²|**-**
**-**
**6,607.50**| |Member charges: purchase of club kit|**-**
**-**
**95.32**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**95.32**||**-**
**-**
**207.50**| ||||||||||| |Fundraising - donations (unrestricted)|**-**
**-**
**482.04**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**482.04**||**-**
**-**
**26,176.93**| |Fundraising - donations (restricted) ⁵|**-**
**-**
**-**||**-**
**-**
**485.36**||**-**
**-**
**-**||**-**
**-**
**485.36**||**-**
**-**
**76,300.61**| |Fundraising - HMRC Gift Aid (unrestricted) ⁶|**-**
**-**
**14,283.41**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**14,283.41**||**-**
**-**
**-**| |Fundraising - grants|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**500.00**| |Fundraising - raffles and auctions|**-**
**-**
**2,860.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**2,860.00**||**-**
**-**
**2,248.64**| ||||||||||| |Bank interest|**-**
**-**
**1,342.41**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**1,342.41**||**-**
**-**
**565.71**| ||||||||||| |Charges to 3rd parties (trailing & towing, insurance, etc)|**-**
**-**
**60.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**60.00**||**-**
**-**
**74.40**| |Refunds of race entry fees³|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**1,123.42**| |**_Sub total_**
_(Gross income for AR)_|**-**
**-**
**59,894.29**||**-**
**-**
**485.36**||**-**
**-**
**-**||**-**
**-**
**60,379.65**||**-**
**-**
**150,037.04**| ||||||||||| |**A2 Asset and investment sales**|||||||||| |Sale of fixed assets - boats|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |Sale of fixed assets - pars|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |Sale of fixed assets - boat parts|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |**_Sub total_**|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| ||||||||||| |---|---|---|---|---|---|---|---|---|---| |**_Total receipts_**|**-**
**-**
**59,894.29**||**-**
**-**
**485.36**||**-**
**-**
**-**||**-**
**-**
**60,379.65**||**-**
**-**
**150,037.04**| ||||||||||| ||||||||||| |**A3 Payments**|||||||||| |Accommodation: rental of racking and facilities|**-**
**-**
**5,250.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**5,250.00**||**-**
**-**
**5,391.84**| |Accommodation: costs for re-housing short & long term|**-**
**-**
**-**||**-**
**-**
**1,137.80**||**-**
**-**
**-**||**-**
**-**
**1,137.80**|¹|**-**
**-**
**24,447.87**| |Operating costs: boat registration fees (EA)|**-**
**-**
**921.78**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**921.78**||**-**
**-**
**939.90**| |Operating costs: British Rowing affiliation|**-**
**-**
**1,528.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**1,528.00**||**-**
**-**
**1,040.00**| |Operating costs: insurance|**-**
**-**
**2,756.70**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**2,756.70**||**-**
**-**
**2,708.61**| |Operating costs: other|**-**
**-**
**869.07**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**869.07**||**-**
**-**
**628.32**| |Training/competition: coaching fees|**-**
**-**
**8,554.96**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**8,554.96**||**-**
**-**
**10,461.00**| |Training/competition: race entries|**-**
**-**
**5,334.00**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**5,334.00**||**-**
**-**
**5,295.00**| |Training/competition: facility hire (tank, training camp, ...)|**-**
**-**
**2,393.93**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**2,393.93**||**-**
**-**
**1,624.70**| |Training/competition: other|**-**
**-**
**517.17**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**517.17**||**-**
**-**
**1,146.15**| |Social & fundraising: Christmas|**-**
**-**
**2,769.85**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**2,769.85**||**-**
**-**
**3,214.00**| |Social & fundraising: summer|**-**
**-**
**782.12**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**782.12**||**-**
**-**
**630.59**| |Social & fundraising: other|**-**
**-**
**319.48**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**319.48**|²|**-**
**-**
**1,933.15**| |Equipment maintenance & repair|**-**
**-**
**3,340.03**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**3,340.03**||**-**
**-**
**1,044.80**| |Club kit purchase|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**322.30**| |Refunds to members³|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**636.00**| |**_Sub total_**|**-**
**-**
**35,337.09**||**-**
**-**
**1,137.80**||**-**
**-**
**-**||**-**
**-**
**36,474.89**||**-**
**-**
**61,464.23**| ||||||||||| ||||||||||| |**A4 Asset and investment purchases**|||||||||| |Purchase of fixed assets - Boats|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |Purchase of fixed assets - Oars|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |Purchase of fixed assets - Coxing|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |Purchase of fixed assets - Trailer|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |**_Sub total_**|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| ||||||||||| |**_Total payments_**|**-**
**-**
**35,337.09**||**-**
**-**
**1,137.80**||**-**
**-**
**-**||**-**
**-**
**36,474.89**||**-**
**-**
**61,494**| ||||||||||| |**_Net of receipts/(payments)_**|**-**
**-**
**24,557.20**||**-**
**-**
**652.44**||**-**
**-**
**-**||**-**
**-**
**23,904.76**||**-**
**-**
**88,543**| |**A5 Transfers between funds**|**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**||**-**| |**A6 Cash funds last year end**|**-**
**-**
**70,598.93**||**-**
**-**
**51,852.74**||**-**
**-**
**-**||**-**
**-**
**122,451.67**||**-**
**-**
**33,909**| _**Cash funds this year end**_ **95,156.13 51,200.30 - 146,356.43 122,452** |**_Cash funds this year end_**|**-**
**-**
**95,156.13**||**-**
**-**
**51,200.30**||**-**
**-**
**-**||**-**
**-**
**146,356.43**||**-**
**-**
**122,452**| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||||||||||| |**Section B Statement of assets and liabilities at the end of the period**|||||||||| |**Categories**|**Details**||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**| ||||||**to nearest £**||**to nearest £**||**to nearest £**| |**B1 Cash funds**|Metro: current account (23-05-80 48141234)||||**-**
**-**
**8,053.13**||**-**
**-**
**-**||**-**
**-**
**-**| ||Metro: misc savings (23-05-80 48141218)||||**-**
**-**
**21,388.09**||||**-**
**-**
**-**| ||Metro: misc boathouse savings (23-05-80 53054048)||||**-**
**-**
**-**||**-**
**-**
**51,200.30**||**-**
**-**
**-**| ||Metro: misc restricted savings (23-05-80 53054129)||||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**| ||Co-operative bank: community direct account||||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**| ||Co-operative bank: community 35d notice savings||||**-**
**-**
**65,714.91**|⁴|**-**
**-**
**-**||**-**
**-**
**-**| ||**_Total cash funds_**||||**-**
**-**
**95,156.13**||**-**
**-**
**51,200.30**|⁵|**-**
**-**
**-**| ||(agree balances with receipts and payments account(s))||||OK||OK||OK| ||||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**| ||||||**to nearest £**||**to nearest £**||**to nearest £**| |**B2 Other monetary assets**|Members' negative squad balances (owed to the club)||||**-**
**-**
**3,728.64**||**-**
**-**
**-**||**-**
**-**
**-**| ||||||||||| ||||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**| |**B3 Investment assets**|N/A||||**-**
**-**
**-**||**-**
**-**
**-**||**-**
**-**
**-**| ||||||||||| ||||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**| |**B4 Assets retained for the club’s own**
**use**|Boats||||Unrestricted||**-**
**-**
**-**||**-**
**-**
**89,200.00**| ||Oars and sculls||||Unrestricted||**-**
**-**
**-**||**-**
**-**
**4,500.00**| ||Trailer||||Unrestricted||**-**
**-**
**-**||**-**
**-**
**2,500.00**| ||Other equipment||||Unrestricted||**-**
**-**
**-**||**-**
**-**
**3,600.00**| ||||||||||| ||||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**| |**B5 Liabilities**|Members' positive squad balances (credit)||||Unrestricted||**-**
**-**
**1,772.29**||| ||||||||||| |**Signed by the Treasurer on behalf of all the**
**Trustees**|Signature||||Print Name||||Date of
approval| **----- Start of picture text -----**
Kim Behrens
24/07/2026
Notes
1) This year, we spent a total of £1137.80 on realising a future home for the club. This might sound surprisingly low. The true expenditure was £5000 higher, but we recouped £5000 from a deposit we put
down in 2024 for a temporary structure for the Riverside site. We were not able to use this structure after all, and the deposit of £5000 was returned, making the £1137.80 seem artificially low. Equally, that
£5000 counted towards our expenses in 2024-25, making the expenditure in that year seem higher than it turned out to be (taking the refund into account). All of this is funded from 'restricted funds':
donations we raised specifically for re-homing the club.
2) Last year (2023-2024), we celebrated Accies' 20th anniversary, which resulted in additional income for social events.
3) Up to and including last year, 'Refunds of race entry fees' were listed separately as income on our accounts. Starting this year (2024-25), these are simply folded into the 'Race entries' expense. The same
applies to various refunds to members in category A3.
4) Our funds are deliberately split over two separate financial institutions: Metro Bank and Co-operative Bank (now acquired by Coventry Building Society). This is to ensure all of our funds are covered by
the FSCA's £85,000 cover in case a bank were to fail.
5) Restricted funds are funds that (by law) can only be used for a particular purpose, because they were raised through donations made specifically for that purpose. A detailed break-down of the club's
restricted funds at this point in time can be found here (confidential; includes information about anonymous donors).
6) This accounting year includes a considerable amount of Gift Aid funds from charitable donations that we received in previous years.
**----- End of picture text -----**
## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name Oxford Amateur Rowing Club **members of** **On accounts for the year** 30 September 2025 **Charity no** 1196716 **ended (if any) Set out on pages** 9-12 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** 30/09/2025 . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 30-07-2026 Roi Amir **Name: Relevant professional qualification(s) or body (if any): Address:** 348A Woodstock Road Oxford , UK OX28BZ **October 2018** 1 **IER** **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . **October 2018** 2 **IER**