## **Laburnum Boat Club** 

## **Management Committee’s Report and Accounts** 

## **For the year ended 31[st] March 2024** 

The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity, for the year ended 31st March 2024. The Trustees have adopted provisions of Charities Act 2011, the Companies Act 2006, and Account and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standards, applicable in the UK. 

## **Public benefit statement** 

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on ‘public benefit: running a charity (PD2). The achievement and activities above demonstrate the public benefit arising from the Charity’s activities. 

## **Our Purpose and Activities** 

Laburnum Boat Club is a small children’s charity based in Hackney, London. Our Memorandum states that: 

“The objects for which the Club is established are but only so far as the same shall be deemed by law to be charitable to provide facilities in the interests of (a) the education of children and young persons through their leisure activities so as to develop their physical, mental, and spiritual capacities that they may grow to maturity as individuals: and (b) the relief of the disabled.” 

Our mission, is to provide opportunities for the personal development of young people and their families, in the local community through participation in a range of water-based activities. We aim to be a positive force for changing lives in a safe and supportive environment. 

To achieve this, Laburnum provides a range of Clubs and services, that are open 7days a week, throughout the year, aiming to meet the needs of the local community. We target disadvantaged, disabled and vulnerable young people and provide not only a constant adult in their ever changing lives, but challenging, exciting and rewarding activities in a safe, affordable, accessible, and inclusive environment. 

We provide a holistic youth work approach, with advice, guidance and support delivered through paddlesports, rock climbing, narrowboating, day trips and residentials. We work with local young people and their families as well as youth, community and welfare organisations. 

## **Achievement and Performance** 

- 2023 was our busiest year on record, with over 7,000 visits by young people 

- The Youth Club had over 2,800 visits and engaged with over 320 young people aged 9-18, delivering a full programme of after-school, weekend and school holiday activities, day trips and residentials 

- Our Inclusion Project encouraged and enabled over 550 visits by young people with disabilities to take part fully in our activities 



- We delivered 17 National Governing Body qualification courses for young people, creating opportunities to acquire new skills, to continue their education and leading to qualifications and employment, ranging from First Aid to Paddle UK Coach qualifications and Royal Yachting Association Inland helms courses 

- We worked with 22 different local Schools, providing activities, introducing hundreds of children to our services 

- Addition services to meet immediate need over the year include starting a new, free Breakfast Club, and a new Girls Group, running a Free School Meals programme and developing a Transition Project to support the move from primary to secondary school 

- The Club maintained its funding levels through the year, working with Trusts and Charities to adapt projects and services as needed and delivering fee paying and private sessions to generated additional income 

- We developed plans to redevelop our site, including installing solar panels and heat pumps to reduce our carbon footprint 

## **Financial Review** 

The statement of Financial Activities shows a net surplus for the year of £10,720 (2022-23 surplus of £22,148; 2021-22 loss of £12,630) and total reserves stand at £173,831 (2022-23 £163,111; 2021-22 £138,966). The Trustees are happy that this represents a strong and stable financial position, as laid out in more detail in the accounts. 

## **Reserves Policy** 

The Trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover unforeseen occurrences, provide sufficient working capital and cover an orderly winding down of contractual commitments, should this be necessary. This has been set at a minimum of 3 months operation costs plus an additional sum to cover redundancy payments. 

## **Principle Funding Sources** 

The Club’s activities are made possible through funding from Trusts, Charities, central and local government sources. Laburnum Boat Club’s principle funding course in this period were: 

- London Borough of Hackney (Connecting Young Hackney) 

- UBS Community Affairs 

- BBC Children in Need 

- The Jack Petchey Foundation 

- Greater London Authority (Future Ready Fund) 

- Income from Schools, Subscriptions (from members and activities), donations and fundraising activities (including 20 runners in the Hackney Half Marathon) 

## **Future Plans** 

Over the next year, the Trustees will continue to review the Club’s services and facilities to ensure that it is able to meet current needs and plan for the future. In particular: start the building work on the Club Hut, to ensure that it meets the needs of our users; install solar panels and an air source heat pump to 



reduce our carbon foot print and continue to explore the opportunities for increasing earned income to increase our funding base. 



LABURNUM BOAT CLUB
REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The company has taken advantage of preparing unaudited accounts for the year ended
31 sl March 2024 in accordance with the Companies Act 2006.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND REPORTING ACCOUNTANTS.
The compsny'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 stale 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 lo..
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 lime the financial position of the company, lo enable
them to ensure that the financial slalements 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 lo obtain all the
information and explanations which we considered necessary in order to provide us with
sufficient evidence lo give reasonable assurance that the financial slalemenls 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 stalemenls.
OPINION
In our opinion the financial statements give a true and fair view of the state of the
company's affairs as at 31 st March 2024, and of ils profit for the year then ended,
and have been properly prepared in accordance with the provisions of the
Companies Act 2006 applicable lo small companies.
Reporting Accountants
72 Clarence Road
London N22 8PW
Dated 25th October 2024.
1of6

LABURNUM BOAT CLUB
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 ST MARCH 2024
2024
2023
Restricted Unrestricted
Funds
Funds
Rest"icled
Funas
Unrestricted
Funds
INCOMING RESOURCES
Grants
278,583
269.332
Donations
6,392
7,109
Bank Interest
3,174
928
Redevelopment Fundraislng
11,226
Other
86,050
80,657
TOTAL INCOMING RESOURCES
278 $83
106 842
269 332
RESOURCES EXPENDED
Direct Charltable Expenses
Fund RaisinglPubll¢ity
ManagemenUAdminlstratSon
268,499
244,492
TOTAL RESOURCES EXPENDED
296 999
271 992
NET INCOMING RESOURCES
-18,416
29,136
-2,660
24,808
Fund Balance 1.4.2023
-63,849
226,960
-61,189
202,152
Fund Balance 31.3,2024
256 096
-63 849
226 960
2of6

LABURNUM BOAT CLUB
BALANCE SHEET
31ST MARCH 2024
2024
2023
CURRENT ASSETS
Pre
ments
Debtors
Cash in Hand
Cash at Bank
2,933
7,128
3,155
16,540
461
261 172
281328
237 192
247 253
CURRENT LIABILITIES
Creditors
Restricted Grants
Restricted Income
6,779
64,095
6,230
103,067
NET CURRENT ASSETS
173 831
118217
16
TOTAL ASSETS LESS CURRENT LIABILITIES
173 831
163 111
Flnanced b
Restrlcted Funds
Unrestrlcted Funds
-82.265
256 096
-63,849
226 960
173 831
163111
For the year ended 31st March 2024 the company was entitled to exemptlon from audlt
undèr sectlon 477 of the Companles Act 2006 relating to small companles.
Dlrector's Responslbllltles:
The members have not requlred the company to obtain an audit of Its accounts for the
period In question In accordance wlth sectlon 476,
The directors acknowledge thelr responslbillties for complying with the requlrements of
the act wlth respect to accountlng records and the preparation of accounts.
These accounts have been prepared In accordance wlth the provlsions appllcable to
companies subJect to the small companies. reglme.
13 LJoVl>746f
These accounts were approved by the Trustees on ast￿￿ 2024.
and signed
behalf by.
3of6

LABURNUM BOAT CLUB
SCHEDULE OF INCOME
2024
FOR THE YEAR ENDED 31ST MARCH 2024
2023
Restricted Unrestricted Restricted
INCOME
Funds
Funds
Unrestricted REFERENCE
Funds
LBH-Connecling Young Hackney
LBH-Sports Development
LBH-Short Breaks
LBH--Warm Spaces
LBH-Supporting Young People
and Families with Vaccination
Hackney Youlh-opportunities Fund
City Bridge (Access Audit)
GVC-Ladbrokes-LCF
GLA (Future Ready Fund)
UBS Community Affairs
Semble Network Grant
Clarion Housing
HAF Programme
UK Youth
North London Waste Authority
Sociele Generale UK Fund
TFL-Cycling for all {WCG)
CVC Ltd
Youth Juslice-slreelgames
Community Ownership Fund
PLA- Active Thames Fund
Power lo Change-Pawering Up
LCF-Broadgale Community Fund
London Marathon Community Tfust
Ironmongers
British Canoeing (Stronger Together)
Slreelgames (Us Girls)
LY CVC Summer Grant
NLCF Reaching Communities
London Youlh-ICVC-Summer
Yes Foundation (Youth Experience)
Yes Foundation Charily-Anglo Shipping
CHUG
BBC-Children In Need
Jack Pelchey Award
Jack Pelchey (Internship)
East End Giving
Redevelopment Fundraising
Other Income
Schools Income
Paddleboard & Narrow Boat Bookings
Subscriptions
Fundraising
Donations
Bsnk Deposit Interesl
65,000
250
1,160
65,000
30
14
1,464
3.432
6,592
4,566
4,055
28
6,266
22,213
44.065
12
39,469
450
5,824
3,670
4,000
5,537
6,322
8,580
3,000
4,281
9,043
15
23
7,000
2,639
20
19,705
300
5,365
7,000
29
5.292
1,000
17,611
27.567
6,391
10
5,513
7,000
2,000
3,940
8,850
13
22
16
21
3,925
3,036
17
13,059
1,080
21,050
4.200
23,196
8,547
19
21,550
5,060
1.800
26
18
11,226
9.278
23,283
23,947
16,912
12,630
6,392
6,717
36,755
16,941
20,244
7.109
928
4of6
278 583
106 842
269 332

LABURNUM BOAT CLUB
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Restricted Unrestricted
2023
Funds
Restricted
Funds
Funds
Unrestricted
Funds
INCOME
As per attached Schedule
278,583
106,842
269,332
88,694
Less: EXPENDITURE
SalarieslNalional Insurance
Pension Contributions
Staff Costs
Fees
Prinling/PostagelSlalionery
Telephonellnlernet
Transport Costs
Boat Licenceslmoorings
Rates and Water Rates
258,748
18,000
12,245
221,886
17,000
9.829
2,158
8.576
1,269
1,774
966
1,306
4.531
2,426
3,491
2.252
469
1,182
Insurance
RepairslRenewals
BuildingslEquipment
Boats-RepairslRenewalslCosls
Architect and Surveyors Fees
Activity Expenses
HeaULighllPower
Accountancy
4,652
3.833
2,822
4.111
6,865
3,592
27,306
7.560
23,639
2,093
1,250
2,265
1,250
Subscriptions
Bank ChargeslPayPal fees
T-shirts
Training Courses
Book-Keeping Software
Sundries
Cleaning
Computer Expenses
Advertising/Publicily
Redevelopment Costs
Depreciation-writlen off
Computer Equipment and Office Equipment
Equipment
836
777
568
1,876
813
383
6,462
1,725
643
880
165
4,488
140
689
6,225
937
1,556
15,581
81
194
LosslAdjustment on boats
Equipment, general
TOTAL EXPENDITURE
296 999
271 992
EXCESS OF INCOME
OVER EXPENDITURE
5of6

LA8URNUM BOAT CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024
1. Accountin
Policles
a. These financial statements have been prepared in accordance with applicable accounting
standards and follow recommendations in the statement of recommended Praclise Accounting
for Charities.
b. Grants are recognised in the statement of financial activities when they become due, if from
local authorities.
Other grants and donations, including those for the purpose of fixed assets, are recognised in
the statement of financial aclivilies when they are received, unless they relate to specific future
period in which case they are included in creditors until the new period commences, al which
time they are transferred lo the slatemenl 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 wilhoul further specific purpose and are available as general funds.
f. Fixed assets in the form of furniture, equipment or motor vehicles are capilalised and
depreciated as rates applicable to write off the cost of such assets over their eslimaled useful
lives. Fixed assets have been written off this year.
2. Flxed Assets
Equipment is written off each year.
3. Debtors
Credlt Card
Grants
1,819
4. Credltors
Amounts falling due within one year..
Accountancy
Other
PAYE
1,250
994
6of6

LABURNUM BOAT CLUB
REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The company has taken advantage of preparing unaudited accounts for the year ended
31 sl March 2024 in accordance with the Companies Act 2006.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND REPORTING ACCOUNTANTS.
The compsny'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 stale 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 lo..
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 lime the financial position of the company, lo enable
them to ensure that the financial slalements 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 lo obtain all the
information and explanations which we considered necessary in order to provide us with
sufficient evidence lo give reasonable assurance that the financial slalemenls 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 stalemenls.
OPINION
In our opinion the financial statements give a true and fair view of the state of the
company's affairs as at 31 st March 2024, and of ils profit for the year then ended,
and have been properly prepared in accordance with the provisions of the
Companies Act 2006 applicable lo small companies.
Reporting Accountants
72 Clarence Road
London N22 8PW
Dated 25th October 2024.
1of6

LABURNUM BOAT CLUB
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 ST MARCH 2024
2024
2023
Restricted Unrestricted
Funds
Funds
Rest"icled
Funas
Unrestricted
Funds
INCOMING RESOURCES
Grants
278,583
269.332
Donations
6,392
7,109
Bank Interest
3,174
928
Redevelopment Fundraislng
11,226
Other
86,050
80,657
TOTAL INCOMING RESOURCES
278 $83
106 842
269 332
RESOURCES EXPENDED
Direct Charltable Expenses
Fund RaisinglPubll¢ity
ManagemenUAdminlstratSon
268,499
244,492
TOTAL RESOURCES EXPENDED
296 999
271 992
NET INCOMING RESOURCES
-18,416
29,136
-2,660
24,808
Fund Balance 1.4.2023
-63,849
226,960
-61,189
202,152
Fund Balance 31.3,2024
256 096
-63 849
226 960
2of6

LABURNUM BOAT CLUB
BALANCE SHEET
31ST MARCH 2024
2024
2023
CURRENT ASSETS
Pre
ments
Debtors
Cash in Hand
Cash at Bank
2,933
7,128
3,155
16,540
461
261 172
281328
237 192
247 253
CURRENT LIABILITIES
Creditors
Restricted Grants
Restricted Income
6,779
64,095
6,230
103,067
NET CURRENT ASSETS
173 831
118217
16
TOTAL ASSETS LESS CURRENT LIABILITIES
173 831
163 111
Flnanced b
Restrlcted Funds
Unrestrlcted Funds
-82.265
256 096
-63,849
226 960
173 831
163111
For the year ended 31st March 2024 the company was entitled to exemptlon from audlt
undèr sectlon 477 of the Companles Act 2006 relating to small companles.
Dlrector's Responslbllltles:
The members have not requlred the company to obtain an audit of Its accounts for the
period In question In accordance wlth sectlon 476,
The directors acknowledge thelr responslbillties for complying with the requlrements of
the act wlth respect to accountlng records and the preparation of accounts.
These accounts have been prepared In accordance wlth the provlsions appllcable to
companies subJect to the small companies. reglme.
13 LJoVl>746f
These accounts were approved by the Trustees on ast￿￿ 2024.
and signed
behalf by.
3of6

LABURNUM BOAT CLUB
SCHEDULE OF INCOME
2024
FOR THE YEAR ENDED 31ST MARCH 2024
2023
Restricted Unrestricted Restricted
INCOME
Funds
Funds
Unrestricted REFERENCE
Funds
LBH-Connecling Young Hackney
LBH-Sports Development
LBH-Short Breaks
LBH--Warm Spaces
LBH-Supporting Young People
and Families with Vaccination
Hackney Youlh-opportunities Fund
City Bridge (Access Audit)
GVC-Ladbrokes-LCF
GLA (Future Ready Fund)
UBS Community Affairs
Semble Network Grant
Clarion Housing
HAF Programme
UK Youth
North London Waste Authority
Sociele Generale UK Fund
TFL-Cycling for all {WCG)
CVC Ltd
Youth Juslice-slreelgames
Community Ownership Fund
PLA- Active Thames Fund
Power lo Change-Pawering Up
LCF-Broadgale Community Fund
London Marathon Community Tfust
Ironmongers
British Canoeing (Stronger Together)
Slreelgames (Us Girls)
LY CVC Summer Grant
NLCF Reaching Communities
London Youlh-ICVC-Summer
Yes Foundation (Youth Experience)
Yes Foundation Charily-Anglo Shipping
CHUG
BBC-Children In Need
Jack Pelchey Award
Jack Pelchey (Internship)
East End Giving
Redevelopment Fundraising
Other Income
Schools Income
Paddleboard & Narrow Boat Bookings
Subscriptions
Fundraising
Donations
Bsnk Deposit Interesl
65,000
250
1,160
65,000
30
14
1,464
3.432
6,592
4,566
4,055
28
6,266
22,213
44.065
12
39,469
450
5,824
3,670
4,000
5,537
6,322
8,580
3,000
4,281
9,043
15
23
7,000
2,639
20
19,705
300
5,365
7,000
29
5.292
1,000
17,611
27.567
6,391
10
5,513
7,000
2,000
3,940
8,850
13
22
16
21
3,925
3,036
17
13,059
1,080
21,050
4.200
23,196
8,547
19
21,550
5,060
1.800
26
18
11,226
9.278
23,283
23,947
16,912
12,630
6,392
6,717
36,755
16,941
20,244
7.109
928
4of6
278 583
106 842
269 332

LABURNUM BOAT CLUB
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Restricted Unrestricted
2023
Funds
Restricted
Funds
Funds
Unrestricted
Funds
INCOME
As per attached Schedule
278,583
106,842
269,332
88,694
Less: EXPENDITURE
SalarieslNalional Insurance
Pension Contributions
Staff Costs
Fees
Prinling/PostagelSlalionery
Telephonellnlernet
Transport Costs
Boat Licenceslmoorings
Rates and Water Rates
258,748
18,000
12,245
221,886
17,000
9.829
2,158
8.576
1,269
1,774
966
1,306
4.531
2,426
3,491
2.252
469
1,182
Insurance
RepairslRenewals
BuildingslEquipment
Boats-RepairslRenewalslCosls
Architect and Surveyors Fees
Activity Expenses
HeaULighllPower
Accountancy
4,652
3.833
2,822
4.111
6,865
3,592
27,306
7.560
23,639
2,093
1,250
2,265
1,250
Subscriptions
Bank ChargeslPayPal fees
T-shirts
Training Courses
Book-Keeping Software
Sundries
Cleaning
Computer Expenses
Advertising/Publicily
Redevelopment Costs
Depreciation-writlen off
Computer Equipment and Office Equipment
Equipment
836
777
568
1,876
813
383
6,462
1,725
643
880
165
4,488
140
689
6,225
937
1,556
15,581
81
194
LosslAdjustment on boats
Equipment, general
TOTAL EXPENDITURE
296 999
271 992
EXCESS OF INCOME
OVER EXPENDITURE
5of6

LA8URNUM BOAT CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024
1. Accountin
Policles
a. These financial statements have been prepared in accordance with applicable accounting
standards and follow recommendations in the statement of recommended Praclise Accounting
for Charities.
b. Grants are recognised in the statement of financial activities when they become due, if from
local authorities.
Other grants and donations, including those for the purpose of fixed assets, are recognised in
the statement of financial aclivilies when they are received, unless they relate to specific future
period in which case they are included in creditors until the new period commences, al which
time they are transferred lo the slatemenl 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 wilhoul further specific purpose and are available as general funds.
f. Fixed assets in the form of furniture, equipment or motor vehicles are capilalised and
depreciated as rates applicable to write off the cost of such assets over their eslimaled useful
lives. Fixed assets have been written off this year.
2. Flxed Assets
Equipment is written off each year.
3. Debtors
Credlt Card
Grants
1,819
4. Credltors
Amounts falling due within one year..
Accountancy
Other
PAYE
1,250
994
6of6