CHARITY COMMISSION FOR ENGLAND AND WALES Trusteos, Annual Report for the perlod from 1° January to 31 Decembor 2024 Charlty name: Bradford on Avon Boat Club Other names: The club is also known as Bradford on Avon Rowing Club and Bradford on Avon Canoe Club, and uses these names primarily when entering r8ces. Address: Barton Brfdge, Pound Lane, Bradlord on Avon, Wlltshlre BA15 1LF Charlty reglstratlon number: 1202991 Trustees: Johrs Short {sE9ned 8 July 2024), Matthew Hubbard, Robert Beer, Mark Stsmper, Kirstie Sneyd {appointed 8° July 2024) Objectlves and Acllvltles Per the constitution, the objects of the CIO are, "the promotion of community partiGipation in healthy recreation for the benefit of the inhabitsnts of Bradford on Avon and the surrounding area by the provision of facilities for water sports activities including rowing, cano8ing and kayaking.. The CIO engages in canoeing, kayaking and rowing activities primarily on the river in Bradford on Avon. Training and coaching sessions for members are held throughoul the year, with members choosing whether lo train individually or with others. Member5 also regularly enter competitions at regional, national, and international levels. In addition to regular member activities, the charity also promotes sport to the local community by offering Learn-to-row and Leam-to-paddle courses. These courses run multiple times throughout the year and are usually over-subscnbed. The charity has some engagement wllh local schools, and we have 31so provlded facllltles and coaching for a couple of para athletes (one of whom previously competed at the World Rowing Championships, winning gold). The club works closely with the local council in monitoring the state of the river, including vegetation and trees on the banks. The club also has a long-standing relationship with the amy, and provides the use of its facilities from time-to-time. The key development during the yearwas the completion of the boathouse extension. This has significantly improved the club's facilities and was a major expense, funded from club reserves. donations and loans from members, and grants from the local council and charitable trusts. The work was carried out by local finns, but there was also a huge conlnbution from numerous members on a voluntary basis. The charity has no employees. and all management and maintenance of the club'5 facilities and equipment is also carried out by members on a voluntary basis.
Flnanclal Revlew The tharity is primarily financed through members. subscriptions, coll8Cted monthly via Direct Debit. The charity aims to hold at leasl £20.000 as a general reserve to deal with any emergencies or unforeseen expenses. as agreed by the triistees and Management Committee. Any excess funds are used in the running of the club (equipment maintenance and purchases. insuran, utilities, buildings and grounds maintenance etcl. The charity has around 190 members and is adequately fInand Ihrough th8 membership fees and reserves. All funds 8re held in a bank account in the name of the charity, with no funds held by a custodian trustee. The assets of the charity are the land, buildings, equipment and cash (in the bank account), and the only 5iabilities are the outstanding loans made by members to help fund the boathouse extension, and a small amount held as deposits for boathouse keys issued to members. The charity is in a healthy financial position and there is no uncertainty about the charity as a going concern. Structure, Governance and Management The charity is cL)nstituted as an Assoclation Charitable Incorporated Organisation. There must be at least 4 trustees, who must also be members of the club and aged 18 or above. Trustees are elected by members at the Annual General Meeting. and 1 trustee shall retire from office at each AGM. The trustees delegate day-to-day management of the club to the Management Committee, comprising the Chaiman, Vice-chaiman, Secretary, Treasurer, Membership Secratary, Commodore, Vice Commodore, Captain, Vice-captain, and Safety Advisor. These comprise the"Officers of the Club. The Officers ofthe Club are also eleded by members at the AGM. Additionally, two members from each of the rowing and canoeing membership shall be elected at the AGM to serve on the Management Committee, with full voting rights. Declaratlons The trustees declare that they have approved the trustees, report above. Full name si nature Date Mark Stamper /é.<. Matth8w James Hubbard i* LC Robert Geoffrey James Beer J6/4/J< Kirstie Sneyd
REGISTERED CHARITY NUMBER: 1202991 (England and Wales) ort of the Tru8t•e8 and Flftanclal Statement6 fo r Ended 31 December 2024 ord on Avon Boat Club M8nder Duffill Chartered Accounlanls Th8 Old Post Office 4143 Market Place Chippenham W51shire SN15 3HR
8Yadford on Avon Boat Club Conte Is of the Financlal Slatements forthe Year Ended 31 December 2024 Page Rèport of the Trn8tee8 Independent Examlnerfs Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 6 10 10 Detalled Statement of Flnanc141 Actlvltles 11
8radford on Avon Boat Club Re ort of tho TruBt*eB orthe Year Ended 31 December 2024 Th8 Ifusle8s who are 8190 directors of Ihe ch8rity for the purposes of the Companies Act 2006, present their report with the financial slalemenls of Ihe charity for lh6 year ended 31 08cemb8r 2024. The Irusleos have adopted Ihg provisions of Accounling and Reporting by Charities.. Slalemenl of Recommended Praclice 8pplicablo lo charities preparing Ihgir accounts in accordance with the Financlal Reporllng Standard applicable In the UK and Republic ol Ireland (FRS 1021 leffeclive 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng do¢ument Tho charity is controlled by ils goveming document. 8 deed of Irusl, and consknlule8 a Ilmlled company. limilgd by guarantee, as definad by Ihe Companios Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 1202991 (England and Wales} Reg18tered Charfty number Reglstered offlce The Yews Bath Road Devizes Wllshire SN10 1PQ Tru8tee8 M Slamp8r J Short Ireslgned 8.7.24) M Hubbard R Beer Ms K Sneyd {appoinled 8.7.24) Independent Examlner Andy Davis FCA Mander Duffill Chartered Accoun18nls The Old Post Office 41-43 Market Plac8 Chippenham Willshlre SN153HR its- Q(Jor Approved by order of Ihg board of Irust8e8 on ..... ......................-................ and 8ign8d on It8 behalf by.. M Stamper- Trustee Page 1
endent Examlnerfs Re tot don von Boat Club stees of Independent examlnerfs report to the tru8tee$ of Bradford on Avon Boat Club I'thè Company'l I report to the charity tfU51e8s on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltles and basls of report As the charity's Iruslees of Ihe Company (and also ils directors for the purposes of company 18wI you are responsiblg for Ihe preparation of the account8 in accordance wilh the requirements ol Ihe Companies Act 20061.lhe 2006 Acl'l. Having salisliad myself that Ihe accounts of the Company are not required to ba audll&d under Part 16 of the 2006 Acl and aro 8li9ibl8 for indepondonl examination. I report in r8sp8cl ol my examination of your charity's accoun18 as carried oul under Seclion 145 of thè Ch8ri11es Act 2011 I'lhe 2011 Acl'l. In carrying out my examinglion I have followed the Directions given by the Charity Commission under Section 14515} Ibl ot Ihe 2011 Act. Independent examlnerf¥ statement I have completed my examination. I confirm Ihal no mallers have come lo my allenlion in conneclion with the examination giving me cause lo b81ieve'. accounllng record5 Were not kept in respect of the Company a5 required by Sèction 386 of the 2006 Act., or the accounts do not accord with those record5,' or th8 accounts do not comply with thè accounling requirements of Section 01 the 2006 Act olher than any fequiremgnl Ihal th8 accounts givg a tru8 and f8ir vièw which is not a maller considered as part of an independent examination.. or Ihe accounts have not been prepared in accordance with Ihe methods and prlnclples of the Slalemenl of Recomm8nded Practice tor accounling and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporling S18nd8rd applicable in the UK and Republic of Ireland IFRS 10211 I hav8 no concerns and have comg across no olhar m811er8 In connection with Ihe examinalion to which allenlion should be dfawn in Ihls report in order lo enable a proper undefslandlng of the 8ccounls lo bè i88¢hgd. Andy Davis FCA The Inslilul8 of Charteied Accountants in England and Wales Mander Duffill Chartered Accotjnlanls The Old Post Office 41-43 Market Place Chippenham Willshire SN153HR 1£ al'lg IL Page 2
Bra ford on Avon 8oat Club statement of Flnanclal A¢tlvltles Ye cemb Period 9.5.23 lo 31.12.23 Total funds Yegr Ended 31.12.24 Unreslricled fund Notes INCOME AND ENDOWMENTS FROM Oonalions and legacies Inveslmenl income Other income 1.045 480 Total 104.448 EXPENDITURE ON Raising funds 22,035 10.704 Other 39,573 1,200 Total 61,608 11.904 NET INCOME 27,948 92.544 RECONCILIATION OF FUNDS Total funds brought lorw8rd 629,801 537,257 TOTAL FUNDS CARRIED FORWARD 657.749 629.801 The no18s form part of these financial slalgment8 Pag8 3
Bradford on Avon Boat Club 8alance Sheet 31 Dece ber 202 31.12.24 Unreslrieled fund 31.12.23 Tolal funds Noles FIXED ASSETS Tangible assets 626,135 582,20B CURRENT ASSETS Cash al bank 49.454 68,543 CREDITORS Amounts f811ing due wilhin one year 17.1901 16,7501 NET CURRENT ASSETS 42,264 61.793 TOTAL ASSETS LESS CURRENT LIABILITIES 668.399 644,001 CREDITORS Amounts falling due after more than on8 year 9 110,6501 (14,200) NET ASSETS 657,749 629,801 FUNDS Unrestdcted funds 11 657 749 629 801 TOTAL FUNDS 657 749 629,801 The charitable company is enlilled lo exemption from audit under Section 477 of tho Compani85 Act 2006 for lh8 ye8r ended 31 08cember 2024. The members have not required the company lo obtain an audit of ils Ilnancial slalemenls for the year ended 31 Dècembar 2024 in accordanee wilh Seclion 476 of the Compani6s Act 2006. The Iruslees acknowledge their responsibililies for lal ensurino that the charitable Company keeps accounting records Ihal comply with Sections 386 and 387 of the Companies Act 2006 and preparing fin9nci81 slg18menls which give 8 tfue and fair vlew of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or delicil for each fin8nci81 year in accordance wilh the requirements of Secllons 394 and 395 and which olherwiso comply with Ihe requirements of the Companies Act 2006 relaling lo financial slalementg, so far as applicable lo the charitable company. Ibl Tho noles form part of these financl818latemen18 Pag8 4 conlinued...
B adford on Avon 8oat Club Balance Sheet- ¢ontlnued 31 December 2024 These financlal stalemenl$ have been prepared in accordanoe with the provisions applicable to charilable companigs subject to the small companies regime. The financlal SlalemeJis were appioved by the Boafd of Trustees and aUthosed for Is8ua on and weie signed on its behalf by.. M Stamper - Trustee M Hubbard- iu The notes form part of these fingncial slal8menls Page 5
Boat Club Notes to the Flnanclal Statements for the Year Ended 310ecember ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial slalemenls of the charitable comp8ny. which is a public benefit enlily under FRS 102, have been prep8red in accordance with Ihg Chaiilies SORP IFRS 102} 'Accounling and Reporting by Charities.. Slalem8nl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financi81 R8POrting Standard applicablg in the UK and Republic of Ireland, and th8 Companios Acl 2006. The financial slalgm8nls have begn prepared under the hislorical cost convention. Income All income is recognised in the Slalemenl of Financial Acllvllles onc.e the charity pnlillp.mpnl lo the funds. il is probable that the income will be received and the amount can be measured feliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or con51ruclive obligation commilling the charily lo that expenditure. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the oblig81ion c8n be measured rgliably. Expendilure is accounled for on an accruals basis and has been classified under he8ding5 that aggregate all cost relaled lo the category. &re cosls cannot be diieclly allribuled lo particular headings they have b88n gllocaled to activities on a basis corislslenl with th8 us8 of r&Bourcgs. Taxatlon The charity is exompl trom corporation lax on it8 charitabl8 activitie5. Fund accountlng Unre51ricled funds can be used in accordance with the tharilable objectives al th8 discrelion ol th8 Iruslees. Restricted funds can only be used for particular reslricled purpose8 wllhln the objects of the charity. P,¢sclrir.linno ?riop ilihgn qnpr.ifipd hii Ihp flnnnr or 141hHn fiinAq ?rp rajqprt fnr pxrtjri Ilar r**trirtPfl purposes. Furlh8r axplanalion of the naturè and purpose of each fund is includad in tha note5 to the financial stalemenls. INVESTMENT INCOME Period 9.5.23 to 31.12.23 Year Ended 31.12.24 Interest receivab18 trading Page 6 continued...
Bradford on Avo Bo t Club Note8 to the Flnanclal Statements . contlnued for the Year Ended 31 December 2024 RAISING FUNDS Ral8lng donatlon8 and legacles Pefiod 9.5.23 lo 31.12.23 Year Ended 31.12.24 NFT INCOMEIIEXPENDITURE) Nel incomel{expendilurel is staled after chargingllciadilingl: PeriDd 9.5.23 lo 31.12.23 Yeai Endgd 31.12.24 Depreciation- owned assels Surplus on disposal of fixed assels 24,169 TRUSTEES. REMUNERATION AND BENEFITS There were no Iwsl88s' remuneralion or other benefits for Ihe year ended 31 December 2024 nor for the period ended 31 December 2023. Trnstees. expense$ There were no Iru$loes' expenses paid for the y88r ended 31 Oecemb8r 2024 nor for Ihe period ended 31 December 2023. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrtcled fund INCOME AND ENOOWMENTS FROM Donallons an(J legacies 103,403 Investmanl income 1.045 Total 104 448 EXPENDITURE ON Raising funds 10,704 Olher 1,200 Total 11,904 NET INCOME 92,544 RECONCILIATION OF FUNDS Tol81 funds brought forward 537,257 Page 7 conllnued...
Bradford on Bo t Club Notes to the Flnanclal Statements - contlnued forthe Year Ended 31 December 20 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unr8slriol8d fund TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Improvements lo properly Freehold property Plant and machinery Tolals COST At 1 January 2024 Additions 175,000 168,098 239,110 582.208 68.096 Al 31 Dècember 2024 175 000 204 125 271 179 650 304 DEPRECIATION Charge for year 24.169 NET BOOK VALUE Al 31 December 2024 247010 626 135 Al 31 December 2023 175000 168 098 239110 582.208 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Olher loans (see note 101 Other creditors Accrued expenses 3,550 2.320 1.320 5,550 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12,23 Other loans (see note 101 10,850 14.200 10. LOANS An analysis ol the maturity 01108ns is given below.. 31.12.24 31.12.23 Amounts falling due within on8 year on demand.. Other loans Amounls falling ts¢e8n one and Iwo years.. Other loans - 1-2 years 3550 Amounts falling due between two and five years.. Other loans - 2-5 years 7,100 10.650 Page 8 Gonlinued...
Bradford on A on Bo t Club Note8 to the Flnanclal Statements- contlnued forthe Year Ended 31 December 2024 11. MOVEMENT IN FUNDS N81 movement In funds Al 31.12.24 Al 1.1.24 Unrestrl¢ted funds Gen8r81 lund 629.801 27,948 657,749 TOTAL FUNDS 629.801 657.749 Nel movement In funds. included in Ihe above are as follows.. Incoming resources Resources expended Movement in funds Unre8trlcted funds General fund 89,656 161.6081 27,948 TOTAL FUNDS 89.556 616081 27,948 Comparatlves for movgmènt In fund8 Nel movemenl In funds At 31.12.23 At 9.5.23 Unrestrlcted funds General fund 537,257 92,544 629,801 TOTAL FUNDS 537 257 92.544 629.801 Comparalive net movement In funds, included In the above aro as follows: Incoming resources Resources expanded Movement in funds Unrestrlcted funds General fund 104,448 111.9041 92,544 TOTAL FUNDS 104.448 11,9041 92,544 Page 9 conlinued...
Bradlord on Avon Boat Club Notes to the Flnanclal Statement8- contlnued earE ded3 Dece be 202 12. RELATED PARTY DISCLOSURES There were no relaled party transactions for thè year ended 31 Decembèr 2024. Page 10
Bradford on Avon Boat Club Detalled Statement of FSnanclal A¢tlvltloS forlhe Year Ended 31 December 2024 Perio(J 9.5.23 to 31.12.23 Year Ended 31.12.24 INCOME AND ENDOWMENTS Donatlon3 and legacles Donatlons Sundry Equipment sa185 Subscriptions Lessons 22,710 4.071 6,760 52,395 3,138 91,847 123 9,393 2.040 89,074 103.403 Investment Income Interest receivable trading 1,045 Other Income Gain on sale of tangible fixed assets 480 Total Incomlng re8our¢es 89.556 104.448 EXPENDITURE other tradlng actlvltle8 Rowing expenditure Canoeing expendllure 18.539 3,496 3.794 22,035 6.073 Other Planl and ma¢hinery 24,169 Support Costs Management Rates and walgr Insurance Light and heal Sundries 1,267 4,773 2,351 2,791 718 1,619 1,734 11,182 4,071 Other Buildlngs Repalrs & Renewals 2,902 560 Govgmance costs Accountancy and legal fees 1,200 Tol81 resoLtrces expended 61.608 11,904 N¢t Income Thi$ page doe$ nol fomi pArt ol the slalulory financial slalements Page11
REGISTERED CHARITY NUMBER: 1202991 (England and Wales) ort of the Tru8t•e8 and Flftanclal Statement6 fo r Ended 31 December 2024 ord on Avon Boat Club M8nder Duffill Chartered Accounlanls Th8 Old Post Office 4143 Market Place Chippenham W51shire SN15 3HR
8Yadford on Avon Boat Club Conte Is of the Financlal Slatements forthe Year Ended 31 December 2024 Page Rèport of the Trn8tee8 Independent Examlnerfs Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 6 10 10 Detalled Statement of Flnanc141 Actlvltles 11
8radford on Avon Boat Club Re ort of tho TruBt*eB orthe Year Ended 31 December 2024 Th8 Ifusle8s who are 8190 directors of Ihe ch8rity for the purposes of the Companies Act 2006, present their report with the financial slalemenls of Ihe charity for lh6 year ended 31 08cemb8r 2024. The Irusleos have adopted Ihg provisions of Accounling and Reporting by Charities.. Slalemenl of Recommended Praclice 8pplicablo lo charities preparing Ihgir accounts in accordance with the Financlal Reporllng Standard applicable In the UK and Republic ol Ireland (FRS 1021 leffeclive 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng do¢ument Tho charity is controlled by ils goveming document. 8 deed of Irusl, and consknlule8 a Ilmlled company. limilgd by guarantee, as definad by Ihe Companios Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 1202991 (England and Wales} Reg18tered Charfty number Reglstered offlce The Yews Bath Road Devizes Wllshire SN10 1PQ Tru8tee8 M Slamp8r J Short Ireslgned 8.7.24) M Hubbard R Beer Ms K Sneyd {appoinled 8.7.24) Independent Examlner Andy Davis FCA Mander Duffill Chartered Accoun18nls The Old Post Office 41-43 Market Plac8 Chippenham Willshlre SN153HR its- Q(Jor Approved by order of Ihg board of Irust8e8 on ..... ......................-................ and 8ign8d on It8 behalf by.. M Stamper- Trustee Page 1
endent Examlnerfs Re tot don von Boat Club stees of Independent examlnerfs report to the tru8tee$ of Bradford on Avon Boat Club I'thè Company'l I report to the charity tfU51e8s on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltles and basls of report As the charity's Iruslees of Ihe Company (and also ils directors for the purposes of company 18wI you are responsiblg for Ihe preparation of the account8 in accordance wilh the requirements ol Ihe Companies Act 20061.lhe 2006 Acl'l. Having salisliad myself that Ihe accounts of the Company are not required to ba audll&d under Part 16 of the 2006 Acl and aro 8li9ibl8 for indepondonl examination. I report in r8sp8cl ol my examination of your charity's accoun18 as carried oul under Seclion 145 of thè Ch8ri11es Act 2011 I'lhe 2011 Acl'l. In carrying out my examinglion I have followed the Directions given by the Charity Commission under Section 14515} Ibl ot Ihe 2011 Act. Independent examlnerf¥ statement I have completed my examination. I confirm Ihal no mallers have come lo my allenlion in conneclion with the examination giving me cause lo b81ieve'. accounllng record5 Were not kept in respect of the Company a5 required by Sèction 386 of the 2006 Act., or the accounts do not accord with those record5,' or th8 accounts do not comply with thè accounling requirements of Section 01 the 2006 Act olher than any fequiremgnl Ihal th8 accounts givg a tru8 and f8ir vièw which is not a maller considered as part of an independent examination.. or Ihe accounts have not been prepared in accordance with Ihe methods and prlnclples of the Slalemenl of Recomm8nded Practice tor accounling and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporling S18nd8rd applicable in the UK and Republic of Ireland IFRS 10211 I hav8 no concerns and have comg across no olhar m811er8 In connection with Ihe examinalion to which allenlion should be dfawn in Ihls report in order lo enable a proper undefslandlng of the 8ccounls lo bè i88¢hgd. Andy Davis FCA The Inslilul8 of Charteied Accountants in England and Wales Mander Duffill Chartered Accotjnlanls The Old Post Office 41-43 Market Place Chippenham Willshire SN153HR 1£ al'lg IL Page 2
Bra ford on Avon 8oat Club statement of Flnanclal A¢tlvltles Ye cemb Period 9.5.23 lo 31.12.23 Total funds Yegr Ended 31.12.24 Unreslricled fund Notes INCOME AND ENDOWMENTS FROM Oonalions and legacies Inveslmenl income Other income 1.045 480 Total 104.448 EXPENDITURE ON Raising funds 22,035 10.704 Other 39,573 1,200 Total 61,608 11.904 NET INCOME 27,948 92.544 RECONCILIATION OF FUNDS Total funds brought lorw8rd 629,801 537,257 TOTAL FUNDS CARRIED FORWARD 657.749 629.801 The no18s form part of these financial slalgment8 Pag8 3
Bradford on Avon Boat Club 8alance Sheet 31 Dece ber 202 31.12.24 Unreslrieled fund 31.12.23 Tolal funds Noles FIXED ASSETS Tangible assets 626,135 582,20B CURRENT ASSETS Cash al bank 49.454 68,543 CREDITORS Amounts f811ing due wilhin one year 17.1901 16,7501 NET CURRENT ASSETS 42,264 61.793 TOTAL ASSETS LESS CURRENT LIABILITIES 668.399 644,001 CREDITORS Amounts falling due after more than on8 year 9 110,6501 (14,200) NET ASSETS 657,749 629,801 FUNDS Unrestdcted funds 11 657 749 629 801 TOTAL FUNDS 657 749 629,801 The charitable company is enlilled lo exemption from audit under Section 477 of tho Compani85 Act 2006 for lh8 ye8r ended 31 08cember 2024. The members have not required the company lo obtain an audit of ils Ilnancial slalemenls for the year ended 31 Dècembar 2024 in accordanee wilh Seclion 476 of the Compani6s Act 2006. The Iruslees acknowledge their responsibililies for lal ensurino that the charitable Company keeps accounting records Ihal comply with Sections 386 and 387 of the Companies Act 2006 and preparing fin9nci81 slg18menls which give 8 tfue and fair vlew of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or delicil for each fin8nci81 year in accordance wilh the requirements of Secllons 394 and 395 and which olherwiso comply with Ihe requirements of the Companies Act 2006 relaling lo financial slalementg, so far as applicable lo the charitable company. Ibl Tho noles form part of these financl818latemen18 Pag8 4 conlinued...
B adford on Avon 8oat Club Balance Sheet- ¢ontlnued 31 December 2024 These financlal stalemenl$ have been prepared in accordanoe with the provisions applicable to charilable companigs subject to the small companies regime. The financlal SlalemeJis were appioved by the Boafd of Trustees and aUthosed for Is8ua on and weie signed on its behalf by.. M Stamper - Trustee M Hubbard- iu The notes form part of these fingncial slal8menls Page 5
Boat Club Notes to the Flnanclal Statements for the Year Ended 310ecember ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial slalemenls of the charitable comp8ny. which is a public benefit enlily under FRS 102, have been prep8red in accordance with Ihg Chaiilies SORP IFRS 102} 'Accounling and Reporting by Charities.. Slalem8nl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financi81 R8POrting Standard applicablg in the UK and Republic of Ireland, and th8 Companios Acl 2006. The financial slalgm8nls have begn prepared under the hislorical cost convention. Income All income is recognised in the Slalemenl of Financial Acllvllles onc.e the charity pnlillp.mpnl lo the funds. il is probable that the income will be received and the amount can be measured feliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or con51ruclive obligation commilling the charily lo that expenditure. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the oblig81ion c8n be measured rgliably. Expendilure is accounled for on an accruals basis and has been classified under he8ding5 that aggregate all cost relaled lo the category. &re cosls cannot be diieclly allribuled lo particular headings they have b88n gllocaled to activities on a basis corislslenl with th8 us8 of r&Bourcgs. Taxatlon The charity is exompl trom corporation lax on it8 charitabl8 activitie5. Fund accountlng Unre51ricled funds can be used in accordance with the tharilable objectives al th8 discrelion ol th8 Iruslees. Restricted funds can only be used for particular reslricled purpose8 wllhln the objects of the charity. P,¢sclrir.linno ?riop ilihgn qnpr.ifipd hii Ihp flnnnr or 141hHn fiinAq ?rp rajqprt fnr pxrtjri Ilar r**trirtPfl purposes. Furlh8r axplanalion of the naturè and purpose of each fund is includad in tha note5 to the financial stalemenls. INVESTMENT INCOME Period 9.5.23 to 31.12.23 Year Ended 31.12.24 Interest receivab18 trading Page 6 continued...
Bradford on Avo Bo t Club Note8 to the Flnanclal Statements . contlnued for the Year Ended 31 December 2024 RAISING FUNDS Ral8lng donatlon8 and legacles Pefiod 9.5.23 lo 31.12.23 Year Ended 31.12.24 NFT INCOMEIIEXPENDITURE) Nel incomel{expendilurel is staled after chargingllciadilingl: PeriDd 9.5.23 lo 31.12.23 Yeai Endgd 31.12.24 Depreciation- owned assels Surplus on disposal of fixed assels 24,169 TRUSTEES. REMUNERATION AND BENEFITS There were no Iwsl88s' remuneralion or other benefits for Ihe year ended 31 December 2024 nor for the period ended 31 December 2023. Trnstees. expense$ There were no Iru$loes' expenses paid for the y88r ended 31 Oecemb8r 2024 nor for Ihe period ended 31 December 2023. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrtcled fund INCOME AND ENOOWMENTS FROM Donallons an(J legacies 103,403 Investmanl income 1.045 Total 104 448 EXPENDITURE ON Raising funds 10,704 Olher 1,200 Total 11,904 NET INCOME 92,544 RECONCILIATION OF FUNDS Tol81 funds brought forward 537,257 Page 7 conllnued...
Bradford on Bo t Club Notes to the Flnanclal Statements - contlnued forthe Year Ended 31 December 20 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unr8slriol8d fund TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Improvements lo properly Freehold property Plant and machinery Tolals COST At 1 January 2024 Additions 175,000 168,098 239,110 582.208 68.096 Al 31 Dècember 2024 175 000 204 125 271 179 650 304 DEPRECIATION Charge for year 24.169 NET BOOK VALUE Al 31 December 2024 247010 626 135 Al 31 December 2023 175000 168 098 239110 582.208 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Olher loans (see note 101 Other creditors Accrued expenses 3,550 2.320 1.320 5,550 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12,23 Other loans (see note 101 10,850 14.200 10. LOANS An analysis ol the maturity 01108ns is given below.. 31.12.24 31.12.23 Amounts falling due within on8 year on demand.. Other loans Amounls falling ts¢e8n one and Iwo years.. Other loans - 1-2 years 3550 Amounts falling due between two and five years.. Other loans - 2-5 years 7,100 10.650 Page 8 Gonlinued...
Bradford on A on Bo t Club Note8 to the Flnanclal Statements- contlnued forthe Year Ended 31 December 2024 11. MOVEMENT IN FUNDS N81 movement In funds Al 31.12.24 Al 1.1.24 Unrestrl¢ted funds Gen8r81 lund 629.801 27,948 657,749 TOTAL FUNDS 629.801 657.749 Nel movement In funds. included in Ihe above are as follows.. Incoming resources Resources expended Movement in funds Unre8trlcted funds General fund 89,656 161.6081 27,948 TOTAL FUNDS 89.556 616081 27,948 Comparatlves for movgmènt In fund8 Nel movemenl In funds At 31.12.23 At 9.5.23 Unrestrlcted funds General fund 537,257 92,544 629,801 TOTAL FUNDS 537 257 92.544 629.801 Comparalive net movement In funds, included In the above aro as follows: Incoming resources Resources expanded Movement in funds Unrestrlcted funds General fund 104,448 111.9041 92,544 TOTAL FUNDS 104.448 11,9041 92,544 Page 9 conlinued...
Bradlord on Avon Boat Club Notes to the Flnanclal Statement8- contlnued earE ded3 Dece be 202 12. RELATED PARTY DISCLOSURES There were no relaled party transactions for thè year ended 31 Decembèr 2024. Page 10
Bradford on Avon Boat Club Detalled Statement of FSnanclal A¢tlvltloS forlhe Year Ended 31 December 2024 Perio(J 9.5.23 to 31.12.23 Year Ended 31.12.24 INCOME AND ENDOWMENTS Donatlon3 and legacles Donatlons Sundry Equipment sa185 Subscriptions Lessons 22,710 4.071 6,760 52,395 3,138 91,847 123 9,393 2.040 89,074 103.403 Investment Income Interest receivable trading 1,045 Other Income Gain on sale of tangible fixed assets 480 Total Incomlng re8our¢es 89.556 104.448 EXPENDITURE other tradlng actlvltle8 Rowing expenditure Canoeing expendllure 18.539 3,496 3.794 22,035 6.073 Other Planl and ma¢hinery 24,169 Support Costs Management Rates and walgr Insurance Light and heal Sundries 1,267 4,773 2,351 2,791 718 1,619 1,734 11,182 4,071 Other Buildlngs Repalrs & Renewals 2,902 560 Govgmance costs Accountancy and legal fees 1,200 Tol81 resoLtrces expended 61.608 11,904 N¢t Income Thi$ page doe$ nol fomi pArt ol the slalulory financial slalements Page11