## **LABURNUM BOAT CLUB** ## **REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2022** The company has taken advantage of preparing unaudited accounts for the year ended 31st March 2022 in accordance with the Companies Act 2006. ## **RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND REPORTING ACCOUNTANTS.** The company's directors are responsible for the preparation of financial statements. Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and the profit and loss of the company for that period. In preparing these financial statements the directors are required to: - ~ select suitable accounting policies and then apply them consistently: - ~ make judgements and estimates that are reasonable and prudent: - ~ prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company, to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **BASIS OF OPINION** We planned and performed our review of the books of account so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements. ## **OPINION** In our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31st March 2022, and of its profit for the year then ended, and have been properly prepared in accordance with the provisions of the Companies Act 2006 applicable to small companies. ROSIE LACEY Reporting Accountants 72 Clarence Road London N22 8PW Dated 29th September 2022. **1 of 6** ## **LABURNUM BOAT CLUB** |**STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
**2022**
2021
**Restricted**
**Unrestricted**
Restricted
Unrestricted
**Funds**
**Funds**
Funds
Funds
**£**
**£**
£
£
**INCOMING RESOURCES**
**Grants**
**255,746**
210,214
**Donations**
**8,336**
5,764
**Bank Interest**
**20**
83
**Other**
**50,242**
23,353
**TOTAL INCOMING RESOURCES**
**255,746**
**58,598**
210,214
29,200
**RESOURCES EXPENDED**
**Direct Charitable Expenses**
**252,215**
166,376
**Fund Raising/Publicity**
**Management/Administration**
**27,000**
**45,762**
25,000
28,998
**TOTAL RESOURCES EXPENDED**
**279,215**
**45,762**
191,376
28,998
**NET INCOMING RESOURCES**
**-23,469**
**12,836**
18,838
202
**Fund Balance 1.4.2021**
**-37,720**
**189,316**
-56,558
189,114
**Fund Balance 31.3.2022**
**-61,189**
**202,152**
-37,720
189,316|**STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
**2022**
2021
**Restricted**
**Unrestricted**
Restricted
Unrestricted
**Funds**
**Funds**
Funds
Funds
**£**
**£**
£
£
**INCOMING RESOURCES**
**Grants**
**255,746**
210,214
**Donations**
**8,336**
5,764
**Bank Interest**
**20**
83
**Other**
**50,242**
23,353
**TOTAL INCOMING RESOURCES**
**255,746**
**58,598**
210,214
29,200
**RESOURCES EXPENDED**
**Direct Charitable Expenses**
**252,215**
166,376
**Fund Raising/Publicity**
**Management/Administration**
**27,000**
**45,762**
25,000
28,998
**TOTAL RESOURCES EXPENDED**
**279,215**
**45,762**
191,376
28,998
**NET INCOMING RESOURCES**
**-23,469**
**12,836**
18,838
202
**Fund Balance 1.4.2021**
**-37,720**
**189,316**
-56,558
189,114
**Fund Balance 31.3.2022**
**-61,189**
**202,152**
-37,720
189,316|**STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
**2022**
2021
**Restricted**
**Unrestricted**
Restricted
Unrestricted
**Funds**
**Funds**
Funds
Funds
**£**
**£**
£
£
**INCOMING RESOURCES**
**Grants**
**255,746**
210,214
**Donations**
**8,336**
5,764
**Bank Interest**
**20**
83
**Other**
**50,242**
23,353
**TOTAL INCOMING RESOURCES**
**255,746**
**58,598**
210,214
29,200
**RESOURCES EXPENDED**
**Direct Charitable Expenses**
**252,215**
166,376
**Fund Raising/Publicity**
**Management/Administration**
**27,000**
**45,762**
25,000
28,998
**TOTAL RESOURCES EXPENDED**
**279,215**
**45,762**
191,376
28,998
**NET INCOMING RESOURCES**
**-23,469**
**12,836**
18,838
202
**Fund Balance 1.4.2021**
**-37,720**
**189,316**
-56,558
189,114
**Fund Balance 31.3.2022**
**-61,189**
**202,152**
-37,720
189,316| |---|---|---| |**INCOMING RESOURCES**
**Grants**
**Donations**
**Bank Interest**
**Other**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Direct Charitable Expenses**
**Fund Raising/Publicity**
**Management/Administration**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES**
**Fund Balance 1.4.2021**
**Fund Balance 31.3.2022**|**2022**
**Restricted**
**Unrestricted**
**Funds**
**Funds**
**£**
**£**
**255,746**
**8,336**
**20**
**50,242**
**255,746**
**58,598**
**252,215**
**27,000**
**45,762**
**279,215**
**45,762**
**-23,469**
**12,836**
**-37,720**
**189,316**
**-61,189**
**202,152**|| |||| **2 of 6** ## **LABURNUM BOAT CLUB** |**BALANCE SHEET**
**2022**
**£**
**FIXED ASSETS**
**CURRENT ASSETS**
**Prepayments**
**768**
**Debtors**
**3,765**
**Cash at Bank**
**226,359**
**Cash in Hand**
**1,050**
**231,942**
**CURRENT LIABILITIES**
**Creditors**
**5,563**
**Restricted Grants**
**79,691**
**Restricted Income**
**6,000**
**91,254**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Financed by:-**
**Restricted Funds**
**Unrestricted Funds**|**275**
**140,688**|**31ST MARCH 2022**
2021
£
1,361
425
0
183,302
167
183,894
5,803
26,956
900
33,659
150,235
151,596
-37,720
189,316
151,596| |---|---|---| ||**140,963**|| ||**-61,189**
**202,152**|| ||**140,963**|| **For the year ended 31st March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.** ## **Director's Responsibilities:** **The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,** **The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of accounts.** **These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.** **These accounts were approved by the Trustees on 29th September 2022. and signed on their behalf by:** **....................................................................... .......................................................................** **3 of 6** ## **LABURNUM BOAT CLUB** |**SCHEDULE OF INCOME**
**2022**
**Restricted**
**Funds**
**£**
LBH-Connecting Young Hackney
**65,000**
LBH- Kings Park Moving Together
**1,850**
LBH-Short Breaks
**2,792**
LCF-GVC-Ladbrokes
**2,089**
Right to Thrive Innovation Fund
**3,535**
UBS Community Affairs
**35,045**
Clarion Housing (Family Club)
**5,000**
HAF Programme
**6,500**
NLCF Reaching Communities
**0**
Port Of London Authority
**875**
Societe Generale UK Fund
**9,950**
TFL-Cycling for all
**2,497**
Awards for All
**0**
CVC/London Youth
**3,975**
Henry Smith Trust
**0**
Welcome Foundation
**0**
City Bridge
**0**
Hackney Learning Trust ACL
**0**
Co-Op Local Community Fund
**0**
Peoples health Trust
**0**
East End Community Foundation (YWTP
**0**
Julia and Hans Rausing Trust
**22,719**
GLA- Family Fund
**0**
Sport England (Return to play)
**0**
Power to Change Renewal Fund
**11,500**
Allen and Overy Foundation
**1,208**
London Youth-Active Talent
**6,264**
London Youth-/CVC-Summer
**0**
Yes Foundation Charity-Cairn Capital
**13,500**
Garfield Weston
**15,000**
BBC-Children In Need
**21,050**
Jack Petchey-Giving something back
**0**
Jack Petchey Award
**3,850**
Jack Petchey (Internship)
**19,099**
EFS-Equipment
**2,448**
Other Income
Schools Income
Narrow Boat Bookings
Subscriptions
Donations
Bank Deposit Interest
**255,746**|**2022**|**FOR THE YEAR ENDED 31ST MARCH 2021**
2021
**INCOME**
**Unrestricted**
Restricted
Unrestricted
**REFERENCE**
**Funds**
Funds
Funds
**£**
£
£
65,000
**1**
0
**12**
3,000
**9**
0
**22**
0
**26**
0
**2**
0
**10**
0
17,500
0
**21**
8,915
**7**
3,981
**17**
3,308
0
**11**
6,650
2,000
19,000
3,006
2,749
893
1,208
0
**5**
8,463
12,958
0
**6**
0
**18**
0
**20**
7,502
0
**13**
5,000
**8**
13,819
**3**
12,222
3,250
**16**
0
**4**
9,790
**23**
**2,280**
563
**27,075**
17,640
**6,400**
3,017
**14,487**
2,133
**8,336**
5,764
**20**
83
**58,598**
210,214
29,200|**FOR THE YEAR ENDED 31ST MARCH 2021**
2021
**INCOME**
**Unrestricted**
Restricted
Unrestricted
**REFERENCE**
**Funds**
Funds
Funds
**£**
£
£
65,000
**1**
0
**12**
3,000
**9**
0
**22**
0
**26**
0
**2**
0
**10**
0
17,500
0
**21**
8,915
**7**
3,981
**17**
3,308
0
**11**
6,650
2,000
19,000
3,006
2,749
893
1,208
0
**5**
8,463
12,958
0
**6**
0
**18**
0
**20**
7,502
0
**13**
5,000
**8**
13,819
**3**
12,222
3,250
**16**
0
**4**
9,790
**23**
**2,280**
563
**27,075**
17,640
**6,400**
3,017
**14,487**
2,133
**8,336**
5,764
**20**
83
**58,598**
210,214
29,200|**FOR THE YEAR ENDED 31ST MARCH 2021**
2021
**INCOME**
**Unrestricted**
Restricted
Unrestricted
**REFERENCE**
**Funds**
Funds
Funds
**£**
£
£
65,000
**1**
0
**12**
3,000
**9**
0
**22**
0
**26**
0
**2**
0
**10**
0
17,500
0
**21**
8,915
**7**
3,981
**17**
3,308
0
**11**
6,650
2,000
19,000
3,006
2,749
893
1,208
0
**5**
8,463
12,958
0
**6**
0
**18**
0
**20**
7,502
0
**13**
5,000
**8**
13,819
**3**
12,222
3,250
**16**
0
**4**
9,790
**23**
**2,280**
563
**27,075**
17,640
**6,400**
3,017
**14,487**
2,133
**8,336**
5,764
**20**
83
**58,598**
210,214
29,200| |---|---|---|---|---| |||**Unrestricted**|2021
Restricted
Funds
£
65,000
0
3,000
0
0
0
0
0
17,500
0
8,915
3,981
3,308
0
6,650
2,000
19,000
3,006
2,749
893
1,208
0
8,463
12,958
0
0
0
7,502
0
5,000
13,819
12,222
3,250
0
9,790
210,214|2021| |||**Funds**
**£**
**2,280**
**27,075**
**6,400**
**14,487**
**8,336**
**20**
**58,598**||| |||||| **4 of 6** ||**LABURNUM BOAT CLUB**|**LABURNUM BOAT CLUB**|**LABURNUM BOAT CLUB**|**LABURNUM BOAT CLUB**|**LABURNUM BOAT CLUB**|||||| |---|---|---|---|---|---|---|---|---|---|---| |**INCOME AND EXPENDITURE ACCOUNT**
|||**FOR**|**THE YEAR ENDED 31ST MARCH**||||||**2022**| ||||**2022**|||||2021||| ||**Restricted**|||**Unrestricted**||Restricted|||Unrestricted|| ||**Funds**|||**Funds**||Funds|||Funds|| |||**£**||**£**||£|||£|| |**INCOME**||||||||||| |As per attached Schedule||**255,746**|||**58,598**|210,214||||29,200| |**Less: EXPENDITURE**||||||||||| |Salaries/National Insurance||**221,394**|||**16,000**|207,410||||16,000| |Pension Contributions|||||**5,678**|||||6,503| |Staff Costs|||||**185**|||||0| |Fees|||**4,876**|||||2,004||| |Printing/Postage/Stationery|||||**1,269**|||||1,229| |Telephone/Internet|||||**1,143**|||||1,219| |Transport Costs|||**3,497**|||||2,628||| |Boat Licences/Moorings|||**2,160**|||||2,411||| |Rates and Water Rates|||||**811**|||||1,513| |Insurance|||||**3,551**|||||3,678| |Repairs/Renewals||||||||||| |Buildings/Equipment||**15,694**|||||16,640|||| |Boats-Repairs/Renewals/Costs||**18,954**||||||5,939||| |Architect and Surveyors Fees||||||||0||| |Activity Expenses||**13,632**||||||3,482||| |Heat/Light/Power|||||**3,638**|||||2,180| |Accountancy|||||**1,200**|||||1,100| |Subscriptions|||||**549**|||||205| |Bank Charges|||||**474**|||||256| |T-Shirts|||||**259**|||||321| |Training Courses|||||**1,995**|||||946| |Book-Keeping|||||**562**|||||551| |Sundries|||||**84**|||||274| |Cleaning|||||**6,373**|||||4,736| |Computer Expenses|||||**1,307**|||||552| |Advertising|||||**649**|||||0| |Depreciation~||||||||||| |Boats|||||**0**|||||225| |Computer Equipment and Office Equipment|||||**18**|||||22| |Equipment|||||**42**|||||288| |Loss/Adjustment on boats|||||**1,026**|||||| |Equipment, general||**18,352**||||||2,047||| |Equipment, Camera||||||||||| |Equipment, office|||||**349**|||||0| |Less:
Job Retention Scheme||**-19,344**|||**-1,400**|-51,185|||-12,800|| |**TOTAL EXPENDITURE**||**279,215**|||**45,762**|191,376||||28,998| |**EXCESS OF INCOME**||**-23,469**|||**12,836**||18,838|||202| |**OVER EXPENDITURE**||||||||||| **5 of 6** ## **LABURNUM BOAT CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022** ## **1. Accounting Policies** a. These financial statements have been prepared in accordance with applicable accounting standards and follow recommendations in the statement of recommended Practise Accounting for Charities. b. Grants are recognised in the statement of financial activities when they become due, if from local authorities. c. Other grants and donations, including those for the purpose of fixed assets, are recognised in the statement of financial activities when they are received, unless they relate to specific future period in which case they are included in creditors until the new period commences, at which time they are transferred to the statement of financial activities. d. Restricted funds are to be used for specific purposes as prescribed by the donor. Expenditure that meets this criteria is charged in the relevant restricted fund. e. Unrestricted funds are the balance of unexpended income received or generated for the objects of the charity without further specific purpose and are available as general funds. f. Fixed assets in the form of furniture, equipment or motor vehicles are capitalised and depreciated as rates applicable to write off the cost of such assets over their estimated useful lives. All fixed assets have been depreciated at 18% on a sliding scale. ## **2. Fixed Assets** The cumulative cost and depreciation balances are as follows:- |**Boats**
**£**
Cost at 1.4.2020
42,675
Less:
Disposals
8,000
34,675
Depreciation at 1.4.2020
41,649
Less:
Depreciation on Disposal
5,948
35,701
Less:
Disposal adjustment
1,026
34,675
ADD:
Charge for year
0
34,675
at 1.4.2021
1,026
**at 31.3.2022**
**0**
**3. Debtors**
**Grants**
**£3,765**|**Boats**
**£**
Cost at 1.4.2020
42,675
Less:
Disposals
8,000
34,675
Depreciation at 1.4.2020
41,649
Less:
Depreciation on Disposal
5,948
35,701
Less:
Disposal adjustment
1,026
34,675
ADD:
Charge for year
0
34,675
at 1.4.2021
1,026
**at 31.3.2022**
**0**
**3. Debtors**
**Grants**
**£3,765**|**Computer**
**Equipment**
**£**
2,607
0
2,607
2,508
0
2,508
0
2,508
18
2,526
99
**81**|**Computer**
**Equipment**
**£**
2,607
0
2,607
2,508
0
2,508
0
2,508
18
2,526
99
**81**|**Equipment**
**£**
7,180
0
7,180
6,944
0
6,944
0
6,944
42
6,986
236
**194**|**Equipment**
**£**
7,180
0
7,180
6,944
0
6,944
0
6,944
42
6,986
236
**194**|**TOTAL**
**£**
52,462
8,000
44,462
51,101
5,948
45,153
1,026
44,127
60
44,187
1,361
**275**|**TOTAL**
**£**
52,462
8,000
44,462
51,101
5,948
45,153
1,026
44,127
60
44,187
1,361
**275**| |---|---|---|---|---|---|---|---| ||||||||| ||||||||| ||41,649
5,948
35,701
1,026
34,675
0
34,675
1,026
**0**
**£3,765**||2,508
0
2,508
0
2,508
18
2,526
99
**81**||6,944
0
6,944
0
6,944
42
6,986
236
**194**||51,101
5,948
45,153
1,026
44,127
60
44,187
1,361
**275**| **4. Creditors** Amounts falling due within one year: ||**£**|| |---|---|---| |**Accountancy**||**£1,200**| |**Credit Card**||**£670**| |**Other**||**£1,622**| |**PAYE**||**£2,071**| |||**£5,563**| **6 of 6**