Laburnum Boat Club Management Committee's Report and Accounts For the year ended 31s March 2025 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 2025. 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 • 2024-2025 was a very busy year for the Club with over 7,000 visits by young people • The Youth Club had over 2,800 visits and engaged with over 800 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 15 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 24 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 redeveloped our site, including: installing solar panels and an air source heat pump in the office and completely revamping; A-frame, with an extension creating a larger, brighter youth space, a new accessible kitchen, new, improved changing rooms and a new accessible entrance, as well as increased insulation, new heating and lighting to reduce our carbon footprint (2025-2026) Financial Review The statement of Financial Activities shows a net surplus for the year of £23,907 (2023-2024 surplus of £10,720; 2022-23 surplus of £22,148; 2021-22 loss of £12,630) and total reserves stand at £197,738 (2023-24 £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) • Greater London Authority (Future Ready Fund) • National Lottery Community Fund (Million Hours Fund) • UBS Community Affairs • The Gosling Foundation • UK Youth (Youth 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 to continue to explore the opportunities for increasing earned income to increase our funding base to ensure the sustainability of the Club and its services.
LABURNUM BOAT CLUB REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The company has taken advantage of preparing unaudited accounts for the year ended 31st March 2025 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 2025, 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 24th September 2025. 1 of 6
SCHEDULE OF INCOME LBH-Connecting Young Hackney LBH-Sports Development LBH-Short Breaks SYP Fund Money Saving Expert London Comm. Foun. (Food bank) Arriva Rail (Donation) City Bridge (Access Audit) Bimini (Site Hire) GLA (Future Ready Fund) UBS Community Affairs HAF Programme JK Youth (Youth fund North London Waste Authority Societe Generale UK Fund TFL-Cycling for all (WCG) CVC Ltd Thomas Wall Trust Community Ownership Fund PLA- Active Thames Fund Power to Change-Powering Up UK Youth (Adventures from home) London Marathon Community Trust Ironmongers British Canoeing (Stronger Together) Streetgames (Us Girls) LY CVC Summer Grant NLCF Reaching Communities Roger Glover Estate (Donation) Yes Foundation (Youth Experience) CHUG (Solar Panels) CHUG BBC-Children In Need Jack Petchey Award Jack Petchey (Internship) East End Giving Veolia Hackney Light & Power (Solar Panels) Community Ownership Fund (Main) Community Ownership Fund (Revenue) Redevelopment Fundraising Other Income Schools Income Paddleboard & Narrow Boat Bookings Subscriptions Fundraising Donations Bank Deposit Interest 40f6 : LABURNUM BOAT CLUB EOR THE YEAR ENDED 31ST MARCH 2025 Restricted Unrestricted Restricted INCOME Unrestricted REFERENCE Funds Funds Funds 1,000 3,500 19,537 54,773 10,000 0 0 9,492 6,430 3,150 2,000 3,990 23,315 5,000 2,500 6,527 9,865 18,024 6,996 14,705 9,660 12,884 65,000 4,055 22,213 44,065 4,000 5,537 6,322 8,580 3,000 4,281 9,043 300 5,365 7,000 5,513 7,000 2,000 3,940 8,850 3,036 1,080 21,050 4,200 23,196 8,547 0 1 16 17 2 8 9 25 11 5 10 20 15 24 4 22 3 23 21 6 13 7 19 35 14 27 12 28 29 30 31 34 318,019 8,029 28,773 19,127 17,327 3,597 12,505 3,289 92,647 278,583 11,226 9,278 23,283 23,947 16,912 12,630 6,392 3.174 106,842
LABURNUM BOAT CLUB INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Restricted Unrestricted Restricted Unrestricted INCOME Funds Funds Funds As per attached Schedule 318,019 92,647 278,583 106,842 Less: EXPENDITURE Salaries/National Insurance 233,151 Pension Contributions 20,000 5,907 258,748 18,000 12,245 Fees Printing/Postage/Stationery Telephone/Internet Transport Costs Boat Licences/Moorings Rates and Water Rates Insurance Repairs/Renewals Buildings/Equipment Boats-Repairs/Renewals/Costs Activity Expenses Heat/Light/Power Accountancy Subscriptions Bank Charges/PayPal fees T-Shirts Training Courses Book-Keeping Software Sundries Cleaning Computer Expenses Redevelopment Costs Solar Panels Equipment, general TOTAL EXPENDITURE EXCESS OF INCOME OVER EXPENDITURE 1,600 3,847 2,579 20,947 37,249 27,520 399 327,292 -9,273 793 920 3,386 5,647 2,931 3,610 2,833 1,450 938 549 537 240 909 569 6,513 1,735 59,467 33,180 2,158 4,531 2,426 27,306 1,830 296,999 -18,416 1,269 1,774 469 4,652 2,822 4,111 2,093 1,250 836 777 568 1,876 813 383 6,462 1,725 15,581 77,706 29,136 5 of 6
LABURNUM BOAT CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 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. Fixed assets have been written off this year. 2. Fixed Assets Equipment is written off each year. 3. Debtors Grants 15,414 4. Creditors Accountancy Other PAYE Credit Card Amounts falling due within one year: 1,450 1,087 3,795 £585 £6,917 6 of 6