Docusign Envelope ID: 22FE82E8-7E7C-4FBC-B888-1FD51204B4BA
Trustees’ Annual Report for the period from 1[st] January to 31[st] December 2025
Charity 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 races.
Address: Barton Bridge, Pound Lane, Bradford on Avon, Wiltshire BA15 1LF
Charity registration number: 1202991
Trustees: Matthew Hubbard (resigned 14[th] April 2025), Robert Beer, Mark Stamper, Kirstie Sneyd, Andrew Phillips (appointed 14[th] April 2025)
Objectives and Activities
Per the constitution, the objects of the CIO are, “the promotion of community participation in healthy recreation for the benefit of the inhabitants of Bradford on Avon and the surrounding area by the provision of facilities for water sports activities including rowing, canoeing 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 throughout the year, with members choosing whether to train individually or with others. Members 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 Learn-to-paddle courses. These courses run multiple times throughout the year and are usually over-subscribed.
The charity has some engagement with local schools, and we work 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 army, and provides the use of its facilities from time-to-time.
The charity has no employees, and all management and maintenance of the club’s facilities and equipment is also carried out by members on a voluntary basis.
Financial Review
The charity is primarily financed through members’ subscriptions, collected monthly via Direct Debit.
The charity aims to hold at least £20,000 as a general reserve to deal with any emergencies or unforeseen expenses, as agreed by the trustees and Management Committee. Any excess funds are used in the running of the club (equipment maintenance and purchases, insurance, utilities, buildings and grounds maintenance etc).
Docusign Envelope ID: 22FE82E8-7E7C-4FBC-B888-1FD51204B4BA
The charity has around 185 members and is adequately financed through the membership fees and reserves. All funds are 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 liabilities 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 constituted as an Association 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 Chairman, Vice-Chairman, Secretary, Treasurer, Membership Secretary, Commodore, Vice Commodore, Captain, Vice-Captain, and Safety Advisor. These comprise the “Officers of the Club”. The Officers of the Club are also elected 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.
Declarations
The trustees declare that they have approved the trustees’ report above.
| Full name | Signature | Date |
|---|---|---|
| Mark Stamper | 09 April 2026 | |
| Andrew Phillips | 09 April 2026 | |
| Robert Geoffrey James Beer | 13 April 2026 | |
| Kirstie Sneyd | 09 April 2026 | |
REGISTERED CHARITY NUMBER: 1202991 (England and Wales) Re ort of the Trustees and Flnancial Statements for the Year Ended 31 December 2025 for Bradford on Avon Boat Club MandeT Duffill Chartered Accounlanls The Old Post Office 41-43 Market Place Chippenh8m Willshire SN15 3HR
Bradford on Avon Boat Club Conlents of the Flnanclal Statements for the Year Ended 31 December 2025 Pago Report of the Trustees Independent ExaminePs Report Statement of Flnanclal Actlvltle$ Balance Sheet Notes to the Flnanclal Statements 6 10 10 Detailed Statement of Financial Activities 11
Bradford on Avon Boat Club Re ort of the Trustees for the Year Ended 31 December 2025 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, presenl their report with the financial slalemenls of the charity for the year ended 31 December 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slendard applicable in the UK and Republic of Ireland IFRS Ir121 leffeclThie 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils governing document, a deed of Irusl, and conslilules a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1202991 (England and Wales) Reglstered Charlty number Registered offlce The Yews Bath Road Devizes Willshire SN10 1PQ Trustees M Stamper M Hubbard- resigned 14.4.2025 A Phillips- appointed 14.4.2025 R Beer Ms K Sneyd Indepondent Examiner Andy Davis FCA Mander Dulfill Chartered Accounlanls The Old Post Offi 41-43 Market Place Chippenham Willshire SN153HR Approved by order of the board of trustees on . and signed on ils behalf by.. Makk St67 Maik siampf Imay. 28 2026 12:'58:'51 GMT+?I......... M Stamper- Treasurer Page 1
Inde end8nt Examlner's Re ort to the Trustees of Bradford on Avon Boat Club Independent examinerfs report to the trustees of Bradford on Avon Boat Club I'the Company'} report lo Ihe charity Iruslees on my examination of the accounts of the Company for the year ended 31 December2025. Responsibilities and basls of report As Iha charity's Iruslees of the Company land also ils direclors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Acl 2006 {'Ihe 2006 Acl'l. Having satisfied myself Ihal the a¢¢ounls of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report iri respect of my examination of your chaiity's accounts as carried out under Seclion 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Indepgnd&nt oxamlner's statement I have ¢ompleled my examination. I confim that no mallers have come lo my allenlion in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as iequifed by Section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Acl other than any requirement th81 the accounts give a Ifue and fair view which is not a maller considered as part ol an independent examination.. or the accounts have not been prepared in accordance wilh the methods and principles of the Slalemenl of Recommended Practice lor accounting and reporting by charities (applicable lo charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper underslanding of the accounts lo be reached. Andy Davis FCA The Inslilule of Chartered Accounl8nls in England and Wale3 Mander Duffill Chartered Accountants The Old Post Offica 41-43 Market Place Chippenham WillshiTe SN15 3HR Dale.. Page 2
Bradford on Avon Boat Club Statement of Flnanclal Acllvllles for the Year Ended 31 December 2025 31.12.25 Unreslricled fund 31.12.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 68,232 89,074 Investment income Othe¥ income 360 480 Total EXPENDITURE ON Raising funds 29,178 22,035 Other Total 61,608 NET INCOME 19,365 27.948 RECONCILIATION OF FUNDS Total funds brought fonvard 657,749 629,801 TOTAL FUNDS CARRIED FORWARD 677,114 657.749 The notes form part of these financial slalemenls Page 3
Bradford on Avon Boat Club Balance Sheet 31 December 2025 31.12.25 Unreslficled fund 31.12.24 Tol81 funds Notes FIXED ASSETS Tangible assets 637,606 626.135 CURRENT ASSETS DebloTS Cash al bank 2,700 54,390 49,454 CREDITORS Amounts falling due within one year 17,782) 17.1901 NET CURRENT ASSETS 42.264 TOTAL ASSETS LESS CURRENT LIABILITIES 684,214 668,399 CREDITORS Amounts falling due after more than one year 10 17.1001 {10.650) NET ASSETS 677,114 657.749 FUNDS Unreslricled funds 12 677114 657 749 TOTAL FUNDS 677114 657 749 The charitable company is enlilled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025. The members have not required the company lo obtain an audit of ils financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for (al ensuring Ihal the charitable company keeps accounting records that compty with Sections 386 and 387 of the Companies A¢1 2006 and preparing financial slalemenls which give 8 Iwe and fair view of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olhefwise comply with the requirements of the Companies Act 2006 relating lo financial slalemenls, so far as applicable to the charitable company. Ibl The notes form part of these financial slalemenls Page 4 continued...
Bradford on Avon Boat Club Balance Sheet - continued 31 December 2025 These financial slalemenls have been prepared in accoidance with the PTOV18iolls 8pplicable lo charitable companies subject lo Ihe small companies regime. The financial lalemenls were approved by the Board of Trustees and aulhorised for issue on and were signed on its behalf by.. Mark Stamper M Stamper- Tieasurer Andy Phillips A Phillips- Truste8 The notes form part of these financial slalemenls Page 5
Bradford on Avon Boal Club Notes to the Financlal Statements for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Ch8rilies'. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicabl& in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost convention. Income All income is recognised in Ihe Slalemenl of Financial Activities once the charity has enlillemenl lo the funds, il is piobable that the income will be received and the amoynl can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal OT conslruclive obligation commilling the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings th81 aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have b&en allocated to 8clivilie8 on a basis consislenl with the use of resources. Taxation The charity is exempl from corporation lax on its charitable aclivitles. Fund accountlng Unreslricled funds can be used in accordance with the charitable objectives al the discretion of Ihe Iruslees. Reslficled funds can only be used for particular reslricled puiposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslr¢cled puiposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalemenls. INVESTMENT INCOME 31.12.25 31.12.24 Interest receivable- trading Page 6 continued..
Bradford on Avon Boat Club Notes to the Flnanclal Statements- contlnued for the Year Ended 31 December 2025 NET INCOMEI{EXPENDITUREI Nel incomellexpendilure} is slated after chargingllcredilingl.. 31.12.25 31.12.24 Depreciation- owned assets Suiplus on disposal of fixed assets 1,850 3601 24,169 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees. remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees. expenses There were no Iruslees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund INCOME AND ENDOWMENTS FROM Donations and legacies 89.074 Investment income Other income 480 Total EXPENDITURE ON Raising funds 22.035 Other Total 61,608 NET INCOME 27,948 RECONCILIATION OF FUNDS Total funds brought forward 629.801 TOTAL FUNDS CARRIED FORWARD 657,749 Page 7 continued...
8radford on Avon Boat Club Notes to the Flnanclal Statements - continued for the Year Ended 31 December 202S TANGIBLE FIXED ASSETS Improvements lo property Freehold property Plant and machinery Totals COST Al 1 January 2025 Additions 175,000 204,125 7,396 271,179 650.304 13.321 Al 31 December 2025 175 000 211,521 277.104 663.625 DEPRECIATION Al 1 January 2025 Charge for year 24,169 1,850 24.169 1.850 Al 31 December 2025 26.019 26,019 NET BOOK VALUE Al 31 December 2025 175000 211,521 251.085 637 606 Al 31 December 2024 175,000 204 125 247.010 626.135 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Other loans (see note 11) Other creditors Accrued expenses 3,550 2,480 1,752 3,550 2,320 1,320 7.782 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.25 31.12.24 Other loans (see note 11) 10,650 10. LOANS An analysis of the malurily of loans is gwen below.. 31.12.25 31.12.24 Amounts falling due within one year on demand.. Other loans 3,550 Amounts falling beeen one and Iwo years.. Other loans- 1-2 years 3,550 Amounts falling due between iwo and five years.. Olher108ns- 2-5 years 3.550 7,100 Page 8 continued...
Bradford on Avon Boat Club Note5 to the Flnanclal Statements - contlnued for the Year Ended 31 December 2025 11. MOVEMENT IN FUNDS Net movement in funds Al 31.12.25 Al 1.1.25 Unrestrlcted funds General fund 657.749 19,365 677,114 TOTAL FUNDS 657.749 19.365 677,114 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 68.592 {49.2271 19,365 TOTAL FUNDS 68,592 49,2271 19,365 Comparatlves for movement In funds Nel movement in funds Al 31.12.24 Al 1.1.24 Unrestricted funds General fund 629,801 27,948 857.749 TOTAL FUNDS 629 801 27.948 657.749 Comparative nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 89.556 161.6081 27,948 TOTAL FUNDS 89.556 61,6081 27,948 Page 9 continued...
Bradford on Avon Boat Club Notes to the Flnancial Statements - contlnued for the Year Ended 31 December 2025 11. MOVEMENT IN FUNDS- contlnued A cuirenl year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds Al 31.12.25 Al 1.1.24 Unre5trlcted funds General fund 629,801 47,313 677,114 TOTAL FUNDS 629 801 677 114 A current year 12 months and prior year 12 months combined nel movement in funds. inclucfed in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 158.148 (110,835) 47,313 TOTAL FUNDS 158.148 (110,8351 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Decembei 2025. Page 10
Bradford on Avon Boat Club D&lalled Statement of Financial Activlties for the Year Ended 31 December 2025 31.12.25 31.12.24 INCOME AND ENDOWMENTS Donatlons and legacles Donalions Sundry Equipment sales Subscriptions Lessons 8,935 22,710 4,071 6,760 52,395 1,618 56,329 1.350 68,232 89,074 Investment income Inleresl receivable- trading Other income Gain on sale of tangible fixed assets 360 480 Total incoming resources 68,592 89,556 EXPENDITURE other trading activities Rowing expenditure Canoeing expenditure 24,542 18.539 29,178 22.035 Other Deprecialion of tangible fixed assets 1,850 24,169 Support costs Management Rates and water Insurance Light and heat Sundries 1,374 4.992 2,346 1,267 4.773 2.351 12,479 11.182 Other Repairs & Renewals 3.968 2,902 Governance costs Accountancy and legal fees 1,752 Total resources expended 61,608 Net Income 19.365 27,948 Slgnature.. Andy Phillips IJDn 2. 2026 09.5$.'23 GMT411 Email: andyphilllp5444@gmail.com This page does not form part of the Slalulory financial slalemenls Page11
REGISTERED CHARITY NUMBER: 1202991 (England and Wales) Re ort of the Trustees and Flnancial Statements for the Year Ended 31 December 2025 for Bradford on Avon Boat Club MandeT Duffill Chartered Accounlanls The Old Post Office 41-43 Market Place Chippenh8m Willshire SN15 3HR
Bradford on Avon Boat Club Conlents of the Flnanclal Statements for the Year Ended 31 December 2025 Pago Report of the Trustees Independent ExaminePs Report Statement of Flnanclal Actlvltle$ Balance Sheet Notes to the Flnanclal Statements 6 10 10 Detailed Statement of Financial Activities 11
Bradford on Avon Boat Club Re ort of the Trustees for the Year Ended 31 December 2025 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, presenl their report with the financial slalemenls of the charity for the year ended 31 December 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slendard applicable in the UK and Republic of Ireland IFRS Ir121 leffeclThie 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils governing document, a deed of Irusl, and conslilules a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1202991 (England and Wales) Reglstered Charlty number Registered offlce The Yews Bath Road Devizes Willshire SN10 1PQ Trustees M Stamper M Hubbard- resigned 14.4.2025 A Phillips- appointed 14.4.2025 R Beer Ms K Sneyd Indepondent Examiner Andy Davis FCA Mander Dulfill Chartered Accounlanls The Old Post Offi 41-43 Market Place Chippenham Willshire SN153HR Approved by order of the board of trustees on . and signed on ils behalf by.. Makk St67 Maik siampf Imay. 28 2026 12:'58:'51 GMT+?I......... M Stamper- Treasurer Page 1
Inde end8nt Examlner's Re ort to the Trustees of Bradford on Avon Boat Club Independent examinerfs report to the trustees of Bradford on Avon Boat Club I'the Company'} report lo Ihe charity Iruslees on my examination of the accounts of the Company for the year ended 31 December2025. Responsibilities and basls of report As Iha charity's Iruslees of the Company land also ils direclors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Acl 2006 {'Ihe 2006 Acl'l. Having satisfied myself Ihal the a¢¢ounls of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report iri respect of my examination of your chaiity's accounts as carried out under Seclion 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Indepgnd&nt oxamlner's statement I have ¢ompleled my examination. I confim that no mallers have come lo my allenlion in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as iequifed by Section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Acl other than any requirement th81 the accounts give a Ifue and fair view which is not a maller considered as part ol an independent examination.. or the accounts have not been prepared in accordance wilh the methods and principles of the Slalemenl of Recommended Practice lor accounting and reporting by charities (applicable lo charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper underslanding of the accounts lo be reached. Andy Davis FCA The Inslilule of Chartered Accounl8nls in England and Wale3 Mander Duffill Chartered Accountants The Old Post Offica 41-43 Market Place Chippenham WillshiTe SN15 3HR Dale.. Page 2
Bradford on Avon Boat Club Statement of Flnanclal Acllvllles for the Year Ended 31 December 2025 31.12.25 Unreslricled fund 31.12.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 68,232 89,074 Investment income Othe¥ income 360 480 Total EXPENDITURE ON Raising funds 29,178 22,035 Other Total 61,608 NET INCOME 19,365 27.948 RECONCILIATION OF FUNDS Total funds brought fonvard 657,749 629,801 TOTAL FUNDS CARRIED FORWARD 677,114 657.749 The notes form part of these financial slalemenls Page 3
Bradford on Avon Boat Club Balance Sheet 31 December 2025 31.12.25 Unreslficled fund 31.12.24 Tol81 funds Notes FIXED ASSETS Tangible assets 637,606 626.135 CURRENT ASSETS DebloTS Cash al bank 2,700 54,390 49,454 CREDITORS Amounts falling due within one year 17,782) 17.1901 NET CURRENT ASSETS 42.264 TOTAL ASSETS LESS CURRENT LIABILITIES 684,214 668,399 CREDITORS Amounts falling due after more than one year 10 17.1001 {10.650) NET ASSETS 677,114 657.749 FUNDS Unreslricled funds 12 677114 657 749 TOTAL FUNDS 677114 657 749 The charitable company is enlilled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025. The members have not required the company lo obtain an audit of ils financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for (al ensuring Ihal the charitable company keeps accounting records that compty with Sections 386 and 387 of the Companies A¢1 2006 and preparing financial slalemenls which give 8 Iwe and fair view of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olhefwise comply with the requirements of the Companies Act 2006 relating lo financial slalemenls, so far as applicable to the charitable company. Ibl The notes form part of these financial slalemenls Page 4 continued...
Bradford on Avon Boat Club Balance Sheet - continued 31 December 2025 These financial slalemenls have been prepared in accoidance with the PTOV18iolls 8pplicable lo charitable companies subject lo Ihe small companies regime. The financial lalemenls were approved by the Board of Trustees and aulhorised for issue on and were signed on its behalf by.. Mark Stamper M Stamper- Tieasurer Andy Phillips A Phillips- Truste8 The notes form part of these financial slalemenls Page 5
Bradford on Avon Boal Club Notes to the Financlal Statements for the Year Ended 31 December 2025 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Ch8rilies'. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicabl& in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost convention. Income All income is recognised in Ihe Slalemenl of Financial Activities once the charity has enlillemenl lo the funds, il is piobable that the income will be received and the amoynl can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal OT conslruclive obligation commilling the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings th81 aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have b&en allocated to 8clivilie8 on a basis consislenl with the use of resources. Taxation The charity is exempl from corporation lax on its charitable aclivitles. Fund accountlng Unreslricled funds can be used in accordance with the charitable objectives al the discretion of Ihe Iruslees. Reslficled funds can only be used for particular reslricled puiposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslr¢cled puiposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalemenls. INVESTMENT INCOME 31.12.25 31.12.24 Interest receivable- trading Page 6 continued..
Bradford on Avon Boat Club Notes to the Flnanclal Statements- contlnued for the Year Ended 31 December 2025 NET INCOMEI{EXPENDITUREI Nel incomellexpendilure} is slated after chargingllcredilingl.. 31.12.25 31.12.24 Depreciation- owned assets Suiplus on disposal of fixed assets 1,850 3601 24,169 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees. remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees. expenses There were no Iruslees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund INCOME AND ENDOWMENTS FROM Donations and legacies 89.074 Investment income Other income 480 Total EXPENDITURE ON Raising funds 22.035 Other Total 61,608 NET INCOME 27,948 RECONCILIATION OF FUNDS Total funds brought forward 629.801 TOTAL FUNDS CARRIED FORWARD 657,749 Page 7 continued...
8radford on Avon Boat Club Notes to the Flnanclal Statements - continued for the Year Ended 31 December 202S TANGIBLE FIXED ASSETS Improvements lo property Freehold property Plant and machinery Totals COST Al 1 January 2025 Additions 175,000 204,125 7,396 271,179 650.304 13.321 Al 31 December 2025 175 000 211,521 277.104 663.625 DEPRECIATION Al 1 January 2025 Charge for year 24,169 1,850 24.169 1.850 Al 31 December 2025 26.019 26,019 NET BOOK VALUE Al 31 December 2025 175000 211,521 251.085 637 606 Al 31 December 2024 175,000 204 125 247.010 626.135 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Other loans (see note 11) Other creditors Accrued expenses 3,550 2,480 1,752 3,550 2,320 1,320 7.782 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.25 31.12.24 Other loans (see note 11) 10,650 10. LOANS An analysis of the malurily of loans is gwen below.. 31.12.25 31.12.24 Amounts falling due within one year on demand.. Other loans 3,550 Amounts falling beeen one and Iwo years.. Other loans- 1-2 years 3,550 Amounts falling due between iwo and five years.. Olher108ns- 2-5 years 3.550 7,100 Page 8 continued...
Bradford on Avon Boat Club Note5 to the Flnanclal Statements - contlnued for the Year Ended 31 December 2025 11. MOVEMENT IN FUNDS Net movement in funds Al 31.12.25 Al 1.1.25 Unrestrlcted funds General fund 657.749 19,365 677,114 TOTAL FUNDS 657.749 19.365 677,114 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 68.592 {49.2271 19,365 TOTAL FUNDS 68,592 49,2271 19,365 Comparatlves for movement In funds Nel movement in funds Al 31.12.24 Al 1.1.24 Unrestricted funds General fund 629,801 27,948 857.749 TOTAL FUNDS 629 801 27.948 657.749 Comparative nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 89.556 161.6081 27,948 TOTAL FUNDS 89.556 61,6081 27,948 Page 9 continued...
Bradford on Avon Boat Club Notes to the Flnancial Statements - contlnued for the Year Ended 31 December 2025 11. MOVEMENT IN FUNDS- contlnued A cuirenl year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds Al 31.12.25 Al 1.1.24 Unre5trlcted funds General fund 629,801 47,313 677,114 TOTAL FUNDS 629 801 677 114 A current year 12 months and prior year 12 months combined nel movement in funds. inclucfed in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 158.148 (110,835) 47,313 TOTAL FUNDS 158.148 (110,8351 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Decembei 2025. Page 10
Bradford on Avon Boat Club D&lalled Statement of Financial Activlties for the Year Ended 31 December 2025 31.12.25 31.12.24 INCOME AND ENDOWMENTS Donatlons and legacles Donalions Sundry Equipment sales Subscriptions Lessons 8,935 22,710 4,071 6,760 52,395 1,618 56,329 1.350 68,232 89,074 Investment income Inleresl receivable- trading Other income Gain on sale of tangible fixed assets 360 480 Total incoming resources 68,592 89,556 EXPENDITURE other trading activities Rowing expenditure Canoeing expenditure 24,542 18.539 29,178 22.035 Other Deprecialion of tangible fixed assets 1,850 24,169 Support costs Management Rates and water Insurance Light and heat Sundries 1,374 4.992 2,346 1,267 4.773 2.351 12,479 11.182 Other Repairs & Renewals 3.968 2,902 Governance costs Accountancy and legal fees 1,752 Total resources expended 61,608 Net Income 19.365 27,948 Slgnature.. Andy Phillips IJDn 2. 2026 09.5$.'23 GMT411 Email: andyphilllp5444@gmail.com This page does not form part of the Slalulory financial slalemenls Page11