Idlngtoii BoAtCk
A comp4ry Ihnltod by gui*•iiioe
Forth•y••r•nd•d
Jl M•rrh 2025
ComparywJmb•r. 174Xn7
¢h•rlty nwnb•r. 2876x1

Isllngton Boat aub
Managemènt Committee Report (contlNed)
For the
ear ended 31 Mafth 2025
FINAN(JALREVIEW ICoNnNUEDI
There was arb operatin8 surplus ongeneral funds In ihe year of £g,55412024.. £32,230) resultlng in free reserves
at the yÈarend of £23.91512024.. £14.3611 at the year end. The Trustees have put in place plan5 that aim to
eenerate5ufficient Incometo co¥ercosts and rebuild re5er¥e50¥er 5 year5 to thedesired level of £60.OJOwhlch
would be enoueh to cover approximately 6 months of fixed costs.
At 31 March 2025thecbarty also held £37.879 in de5i&nat¢d funds and E14.63912024-. £11,246> in restrlcted
funds.
The movem•r¥t on fvnds Isshown In note 16and the purpose and ￿MIng of restricttd and desl8nat•d funds IJ
detalled In notes 17 and 18.
The charlty Is constltuted as on Assoclatlon model Charlty and a company limited by 8uaranteo, Incorporated on
28 July 1983. It Is governed by the r4ulations setout in the Memorandum and Artkles of Assoclatlon and Is run
by a voluntary Management Comm5ttee elected from, and by, Ihe members.
At Its rneetlnB5, of whkh there were 10 durln¢thls perlod, the Mana8ement Commlttee re41ewed the Jctlvltle5
of the Club, bis finantial positlon, ènd its plans for reopenln8, wtth siJbstaTrtlalfinanclal 5UPPQrt J5 olready noted
Irofft Isllngton Coundl.
The day to day work of the Club Ss mana8ed and overseen by the staff who are responsIb￿ to, and report
regularly tts, th* Management Commlrtee. The Club had three per￿nent Staff posltlons durlngthe year, Club
Manager. Chief Instruttor. and aub Administrator. and a small ptstsl of sèssional workers and sell-employed
coaehes and instructors who are en8a8ed a5 require<l. dèpending on th• level ol artlvities.
RtitRINC¢ ANDlE*Al￿STA*I￿ ￿All$
Isllniton Boat Club 15 a company, limited by 8yar3ntee Ino.. 17430871 and registered in En8land and Wales as
¢harlty Ino: 2876801. The rè8iStered officè and pilndpaloperatlnladdress Is: 16-34Graham Street, London. Nl
8JX.
The members ofthe mjnaiement committeè. who arethe companydlrectors and charftytnjstees, that served
durin8 th• year and up to the dote of thls report were:
E Sorensen
M Savage
F GaddD
C Bowe
R Mtllard
V Uoyd
5 December 2022
8 February2023
IOOetober2019
S December 2022
5 December 2022
5 Juty 2024
Chalr
Honorary Treasurer
National Westrnlnstrr Bank
10 Upper Street
London Nl OPQ
Nicola Anderson FCIE
189 Baldwins Lane
Crcxlèy G￿en
RickmansworthWD3 3LL

Idington Bo•t Uub
Managèment Commlttee Report {c•nllnued)
For the year ended 31 Mar<h 202$
Company law re4usres the MaTha8emtnt Committee to PTepare financial slatements foreach finanrial year, which Blve
true and fairviewof tht state of affaivsof the Chantab￿ company and the nÈt Incorning resources forthe year. In preparing
the finandal statemen15 the Management Committee are Tequired to:
5electsuitable aCCDtsntin8 F￿h£￿e￿3ndaPplvthefflCa￿I5tent
Make jud8ÈmÈnts ènd Èstirnaies thataie rÈ35tsftablÈ
Preparethe fInanc￿l staiementson a 8oln8concern basls unle55 rt Is InapproprfatetodotN5
The Manaiert)en1 Cfjrnmttrtt15 responsI￿e10T kee￿r￿A proper accountlng record5 whlch d15d05e wlth reasonabk 8ccur&ry
atiny time thÈfina￿llEpoSrttr¢n otthe thirltable comp*ty ènd to thablÈ fft totnsurÈthat the fin•nci*l statementscomply
with ihe Comp•nle5 kt 2￿6. It Is •lso responslble for 5•fe¥￿rding ihe assets of the charlt•bl• cornp•ny and hgnc• for
i•klni stepst¢r Ihe pieventlon dettrtlorn olfroud and other Irregylarft*s.
Th¢ repott and theflnartelal st8tEments have beeThprepared In accordaneewlth the
Speclal provlslons ol part 15 of the C¢mp•nies Art 2006 relWln8 tts small tntlties
Provlsl¢nolih¢CharhlesArfSlh•t drfermlthetheft4rm 4nd cor+t*nt oltheCharityAnr+ual Report
5taternent ol Ilecommended Prartlc*applKab￿tOcha1ltIes prepartrq thelr accounts In a￿ordance¥￿th the Flnantlal
Re￿nIn8 Stsndard 102 aFpMcabte In the UK and Rewblk of Ireland.
The dlrertors ha￿ taken advaniai• of 5•Ctlon 477121 of the Companfjes Aci whkh ex*mpts thè ctsmp4ny froffl th•
requirement 10 have the accounts audhed.The chartty Is rewiredto ho￿ an tndependert ￿mInatIOn in Accordafice wlth
tht cha￿tIeS A¢t 2011.
Apwov4d by the Mana8emenl Commlltqe ￿ 2 CktoE¢r 2025 and on ks behalf br.
Isol*n￿l ICh•lrl

Islington Boat aub
Independent Examlnerfs Rewt
For the
F ertd¢d 31 March 2025
I report tothe¢harIt￿5 trustee5on MY￿*M1Th•t1On of the accounisof the IsThngton 8￿t Club lcomwry no: 1743087 and
hartty no.. 2876801 ft*r the year ended 31 March 2025 as set oth on poBe$ 6 to J6.
R•sponslNlltb•s*nd b*stsol r•pty*
the charit￿5 trustees land •bo tts dlrertorsforthe pU￿¥se5 ol(ompany lawl you are re5pon51bleforthe preparatlon of
th••ctt*unts In xcoNlirKe w￿h th¢ reqtslrements ￿the Com￿nbe5 Act 2c*)61'the 2006 Actrl.
Ha¥in&satlsfied mysem that the a£countsof ihecompèny are not required to be oudited under P•rt 16olthe 2006 Act Jnd
ere eliilble ILK independent examin*ion. I report in respect of my exJmlTr•llDn olyour thaflV¥ 4ccountS as carried out
under sÉ¢tKn 145 of lh• th4rities Art 20111.the 2011 ACVI. In carry1￿ Out my wmlThaiknn I have lollowed Ihe Dtr8Ctlons
Nen by th¢ Charlty ComrnissKJn utsjer section 14951 Ibl of the 2011 N£t.
Independent statemert
I ￿ve completed rny examlrotkjn. I conllrm th•1 rKt mmets haveeome to my attenthon In conneciion wlth the examlnatlon
8lvln8 me cau5eto bdfjeve=
ccountinRrfjcordswere not keptln re5pertoftht Comp•Dy •s requlred tyseaksn 386olthe 2CQ6 Aclor
the8ccounts do not accord wtth thostfecord5.-tV
th• xcownts 410 not ¢ompty wilh the•¢¢ountin¢ reguirementsof5ertion 3% ofthe W ALt other thaft anv
r•qvlroment th•1 the accoun¢¥81￿ •'tn* •fid I4￿ whkh b r#X a mattw conslder•d as pgrtof 4n
Indep¢Adent e¥•mln*t￿n- or
th¢ •¢¢ounts hav¢ not been prep•red In KcordarKe ¥￿th the methods ond prlnclp1•5 of the St•t•rD•nt pf
Recommlndod Pr•rtice lor 9ccounti￿aTrd r•pOrrI￿ by c￿r￿leS appIIEableto ch•rltles pr•p•rtn8thilr•c¢oynts In
i¢¢o¢dan¢e wlth the Fin•n¢l•l fleportln8 St•nd•rd applkable In the UK and Republic of Ire￿nd IFRS 1021.
I MeoncerTr5 ond have corne acrojs noother matt•r5 kn¢onn•rtbn w4th th• •Mrnln4tlM to whlth •ttsntbft shouldbÈ
drawn In th15 r•port sn ord•rto tN•bl• • prop•r und•rst•ndir4 of th ¥ceounts to b• rt•Eh•d.
Nkol• And•non
?• IklLthr XQ5
189 B•ldwlns ￿ne
Croxl¢y Green
ftlckman5WOrth
H*rtFordshlre
WD3 3LL

r4
15 4
r¥ m
r¢

lis Il I

bllngton 8oatCh
N•)t•s ts th• arygunts
Forlhewrwmkd 31 M•r¢h 2025
A¢(•unllny pdi(i•s
The flnanclai St￿ern￿nts havelvn prep¥ed kn ￿￿aTr¢e**hthe StaternentOfReCrffiTh*r*l￿ Pwt¢ce.. ACC￿ntin8
Chafli*S preparlf•thdi xcounts In ax(*darKe ReMwesiaThlard applt¥blt inthe UKan(t Irelènd
IFRS102leffertK* iJaTh￿ry 20191SORP HIS 1011 Fknan(iaIRÈkY￿5tarR1•r￿ a￿￿¥ble1Th the UKand IrelaTrdand
sets ?nd fiJbibiie5aie Initialty reco8Thtsed akhIs￿r￿<(￿lOrtll0h￿tw¥1b￿wthl otherwtseAated r￿e¥l￿
atcouhtln8Oy rtte. ￿fficant *rèI5ted bEbyAf
The(har￿¥(￿St11LrteSè publkbehefrtehtstyasdehw byFRS Xli
The Manaiemerntcornrnltteelx CryTt*nufwioty*er5ee thebJlhJupof tt* a￿% n￿rn￿l xti¥lty. fontxwin8 tht
reopenin8 in summer 2023. We are nowatle lo offer afuNran8e ofwater ba5e¢ aCt￿￿e%. WeareaLso •￿tt0 0fterpal￿
use oflhecfvjb's relurt45hed prernlses th15 ￿COr￿ reVern￿￿treaffl.
To8eth0r￿lh our a￿￿ty10cC￿Einuel0 Jt¥rKt luTr*in8fiom a ranpolsr¥Jrc•s, Ih15onabkn the Mafia￿Men1 Commitiee ta
¢on$4der rh•t theCf¥t*•tthe dale of Is The Man•8emwrt Cornmlrt••do toAsbJetthat there are
rry sou￿e$01 estin¥tton lep0rn￿d￿? thathwe4 s￿￿(•￿ Of¢aw￿ materla1￿&trn4nttot
•rfft ¥nfAJnts olassots and IIabllth)SV4Tthln ih• rwrtlng prknd.
RestNtedFunds
Theserewesent mcoffler•c•l4¥dw￿r¢ i•stIk￿lTh>￿W¢. ￿ dpwvmWtythidonry. *hlth•fe n•rroWwt￿Trthè
cbartrfs 8ener31 objects
UTrrnstrlciedFun¢5
Those represent Income whkhcan be usedlortheienwJloWetts01 ihE c￿rIt￿e compJnYa$determlned bvthE Ex*utiVE
Ctrfnrnlttee. Unresirkredfund55et•5idtfor¥*clficm05es bylhtm•nayff*ntc<Thmitth••r•shwn w de￿￿tedlumd￿
In¢orne Is re￿ni*ed0nC•￿•£hW*ty haseAtKkmwrttoth•kKom. pl￿￿￿4*thatthe I￿t￿lI be receb4Ed and the
•Trwunt recetratrjeian be wswed rel4t4y.
Incorne from 8ownmeTht anoothef drants ¢$ recty8nisedwhen the thliity ￿ eThtrfemenltOt￿ lunds. aoy perforrnaThlle
tondthnsattich•dtotho y•nts ha¥￿￿1n mor, Ilk Vfthtrdethat Incomè%￿￿￿[@CQ￿￿d1rwjthÈam￿jfit c•n be me¥ured
•KIIs not delerred.
LK7bTlitiesare reco8n15edas50f•na5therelsa or(￿stA￿t￿￿oN￿￿￿cornm￿ttr¥thef￿rrtyI￿thatE4wndjtwe, k15
Probab￿fvt vttlwt WIH be reQ￿red the omwntofth*oWryat￿￿Th b• M•*w￿ rellaèty.
lexpendknjre b accO￿ted10r rffjthe•c(n￿l5tsas1S. NMeXpe0se4￿{th¥ sUPPIrtc05ts•￿Y￿*MlnC*¢o#$are
alWted orapportluned lothEaF*at4Ee4Den&tswe he+*

blinyton BOat(￿b
Notesto th¢ accounts (Cont1￿ed)
For the year ended 31 Marth 2025
ExpeTrdrturethiti%L*rth8ttrthuiabtetodeli¥woftl*rJwritwactr¥ibw£( r*i5iryfik>ts15a1￿*te￿tothe atdwtyto
*Kh it ieiJtès.
Sw)port cottscompnsecosts Iwreoln 5orwtOfth￿Ol(lTr￿￿￿ IncludEd in 5UPPOrtc0￿arÈ¢O$ts incurtal in the
1cverNncedthethaFityw￿ch we ptimath as5￿1•[ed thecLWtitutiL¥￿l and stltut0ryfeots￿t￿Ènts. S¢Jppon
C05tsarq alloEatgd tO*ihtties basedon an ￿mIle01 Staff spÉffl on •ach acU%lty th•flnanclal yaar.
Irrecoveiable VAT isd*Èed¥knSithe¥4xndknr•￿4dlWfor*￿thrtwTrs
It?m5 uf EgU1p￿entOyt[£5ooIfe(dpit•￿sed a•dTAbJe¢ ai hirtwlccost. Devecia￿0Tr K5thirydwl*i•ssEts¥e brought
L•asofftold bu1￿%
Ewjprn￿I
L(rted Investrn•nts •reifowm ￿bl￿ffMfft¢￿knI¢l¢s1l1￿1Ie IrAtI￿￿￿n￿ed1t1h•trtr￿1Kt1￿￿1utIn￿
suts•tyen* meisurtdat thdrl•lr¥almaith l¥1•￿ 51*td•ti ￿￿￿1￿￿*d-ffl1rket￿lll

151ington Boat (￿b
Not•s to th••ccounts (¢ontlnu•d)
For iheyear ended 31 M¥¢h 2025
Totsl
2025
83,016
10,832
Port ofLernkn *4Jth
15elden Art8C
J￿k Pèkhey
3,11)J
1.8fyJ
The Compary
EBM CharfbL* Tnjst
Grwgo F•inTru#
10,0
Gr4n* oljou £1.5
117
Tru
John R Pthjffay ththt*TnJit
VLM FoLNtrYaibn
Othor E2,OOOor
15,000
IndYKkn
54.3
3,696
.055
39.264
Tot•1
14A.580
100.172
Ya
2024
IQ25
Sub6¢rfpik)NJ 8rKI Lknrn)omberc<ffjrlx
12,89)
11,f62
5,890
14.480
Z4.553
2fj.￿6
10 |

151ington 8041 a
Notes￿ the Kcounts {c¢)nlIrn￿d)
For the year ènd•d 31 Mar¢h 2025
Totsl
11,434
10,823
6.596
PrDflt on ¥*of•qw)w
313
19256
1&812
Curv•ntY••r
pporteÉ
Tot•1
2025
3.741
),247
7,341
1814
11,155
Oth•r Iradltyd Xlfivtt*s
1367
1.367
p￿￿v•￿
Totsl
Domlknrn & L•Wo
Oth•r IrAdty
12.492
4.935
17A7
16.437
6,493
22.930
28,W29
11.831
40.760
uirent Ywr
Dbred
Support
Tot•1
2025
Youlh
75.312
75312
22,435
78.272
78272
176.019
fvlorY••r
Support at
2024
Yolth gr<xr*
29,737
29.737
88.789
151,170
151.170

Islington Boat a
Notesto the *C￿nts {¢¢)nObM*dl
For th•y•ar •nd•d 31 March 2025
ppgrt•nd fjo¥•m•n¢•
Sakrkns
Premraes
34,138
39.668
23.A30
1B,462
1200
18.462
7&530
4.988
78.272
83360
Ch8ril¥tl¢athl#••
Total
21.119
25,749
19,714
20,4ri
Pr•mw8s
Of1¢
LylFe¢s
Indepen(Iwl Exthn•
19.714
20.477
21119
91.719
Chatitst4•
Ncrt• 6
68,789
91.719
121

151ington Boat (￿b
Notesto the •¢¢ounts (f¢)nlrnedl
For *he year ènded 31 March 2025
Gross salèrS85
Emr*yo¥ Nl
97.034
1.862
a,541
1.795
Redund
19.252
119.740
11&9J9
¢)cat&J." bas&1 w bffle spertm ••¢h a*•
Sup￿8nd &Mma
FuThJs
46.868
17.427
75.312
119.780
11&939
Tha avwagg ofemF4tyrnslhead corjx pByroll thdng th8 year
7J
Tho chofty twstoos nat rbyfec•W any Ot￿r￿￿5 fromenWyff*ni Ihe charfiy In thè yoar
1>)24.' nono). Notru8tee IL¥ k¥Ot•SStrtl s•rylc•b Supr￿ to th• ch•dty12024.' Th)n81. No
Injslee￿￿ re1m￿j1￿￿oxp￿ses10ih•Y•Jr (a124.' rKrnI. Trust88s m•JedDn8￿nSof£nl1{2024.. £40,OCQI
to ffte ch8rfty. No b8n8fits acaiJ8d lo tho trust•as In r￿￿*01th￿• thrths. Thw•wtro no othff r¢l•tod
Forty trwisrKdcm12024'. rhx•l.
N•1 Inc•M￿l•¥p•1￿I[￿rn1fVrth•￿￿#
12,535
13,WO
1.2
1,CQO
131Page

bllngtDn Boal (h
Nolesto the ac¢•unts1¢ontlnued)
For th•￿rended 31 Ma￿h 2025
12.
a chatity. Bo8t CIL*J Is exemptfrcffl tsx on Ixome aTrJ g￿n5￿￿n9 wthin gedon 505of
T¥x•8 P4 1988ors256 ofthe TaxatigTroflJawile 1992t) hwtwltt¥tI￿9r?aF￿l￿￿
k) rts fknp*ves. Now ¢h8ryes h￿ariSen n Ihe ¢h•ity.
T•n9lble FI￿d A￿tr
1 Awl X124
Addfthxs
D*kx•a
422.928
258,$37
681A65
2,852
1.1ZJI
11.1231
Ji M•rth 2025
4a92•
260266
613,1M
1 ￿1 2024
E1mlnaithJ￿ dhF<*
Ch•rgetrfY
22B,733
11,1231
12.535
851.661
11.1231
12A35
31 Mirrh 2025
240,145
663.073
N•t Book V•lu•
31 M￿h 1024
29,804 ￿,
31 M•r¢h 2025
21121
24121
2fy25
V•
22.758
21,104
.7se
21,164
Ve￿81¢n 8t 1 &24
21,164
31,192
11 IP9)1
1.OV2
21,164
(L￿yG￿.Tr iny•
v8￿411)￿ at 31 March 20
21758
markètva￿* Olye8rwO
Coslof hokYw5
22,758
15.lOJI
17.758
21,164
Is.Lwi
16.164
141

151ington Boat aub
Note5to the a¢¢ounts {¢ontiN*d)
For th• year ènded 31 March 2025
2024
Ya
Totsl
1641
8.132
3.107
Othofcrwjitorn 8fid 8¢JxoIB
Loan rep8y*knwknkn 12
7.97B
129
192
23247
19.064
15& Cr•dlf•ts: l•* •ft•r*)M y
025
Tthl
84lsnc0411 Apr4￿25
23,322
132341
?0￿8•
14.9451
15.14J
AJ at 31 Marth 2025
1501
(5.1921
15.1281
14959
Rry8y8t4•aflw 12 rTrJn
bVrvcurnJ￿d r•poyaLl•o¥Yr6yJBTrfrom 17FthW?￿1.l *ith oonfryurryyrwtholhday.
In*r•st olLx•d ot 2.5% w.
At 1A.24 Rewwr
Al Jl.32S
R•rtrfct•d F¥Jnth
11248
1c￿18
{ICOA631
114801
14,639
11)V16
14619
fur#J#
L>s4MredFts7ds
Equipffthi Fur
112.S3¥
20.121
17,758
J7,879
18,161
(12,&lSJ
4.448
GerternlFw
84 122
4170
ZJ,915
329
IW711J
11,794
Totsl
71.575
744JY
151

1511Thgton Boat a
Not•5 to th• a¢counts {¢onthiued)
Foi the year ended 31 March 2025
Resow£¢s fj•lrts &
At1A2J
At 31.324
Ilies
48.117
11C4XS
10.117
I1￿,194)
112.0(k)I
114094)
IS.Cfj91
11.248
76392
110691
11246
Eou1pm￿t Fwxts
{13.KQl
29.f
16.164
16581
4.411
rrf#1Oes*n8￿ELffj￿s
55,357
(la8￿)
Gwr•lFin*
{77.WJ
7UI
37M
14$46
1.8J6)
Y•tsl fvr
113.
(191.930)
71.$75
17.
Tr*sefvndsrtwesent moh*srecel¥*dforspeulkwrposesihat•re Tharrowwlhanttr¢
dwlt4bl* W•¢ts. Ql*l￿nie￿Trth￿re 6¢h•T8•d •plnrtth• r•lthf*ntlund.
Re$trkt￿1¢tr￿ft￿dS•T•III Wdforl¥tyrn4thl¥e5
1& Puvposty otD•slww￿I
£4￿Pm•￿t Funds
T￿ferS￿r* madElOtheegulwwttluThl fvomtesyttedand4enwal IV￿J$equlvJleni
lothecost olFixed Assttsxtyirtd. O•wÈdiiknofthese4s5ets Istharoed apln51tht
lund. Tr4nsfws art m*lt Ir*X)tP* hjnd When reprneDU￿ 4sstt5arè 5Lqd.
Th151srryuired 2C￿ and represe*tsth¢•mouniby whkh
R15
1* LIAbllltyol M•n
The liabiityofmtmbwsis knited by Irbthe e¥tsitoftheOubl**qwOuTh￿ up d￿rin8th￿periOO0f m￿berShiP
orln IhEtdlo￿￿Ye4r. eath memberwould b¢ reqL*ediottrt*￿é anam￿￿1 Trtst•xe**dlrf£lQ. Thfrtotsl Dumbersof
euarantees at31 Marth 1025werÈ 7512024: 751-
InKcI>th¥Ke￿th 5¥bseciion 3?14lof IheLrKalGor*ernMert￿d 1989.al yarrts hwe beenfuHVU￿1sed In
accordaru wrthth*wms uTthrWhkhthry￿rP NwTh1￿rfVJnted btthwxnthdon rr•YnuE Items kn rh•
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