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.
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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
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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
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