2025-06-30-annual-return

id chartered accountants

Company Registration No ~~.~~ NI045083 (Northern Ireland)

THE COLERAINE OLD BOYS' ROWING ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

IDS Chartered Accountants LLP 23/25 Queen Street COLERAINE Co Londonderry BT52 1BG

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

CONTENTS

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Legal|and|administrative|information|1| |Trustees'|report|2|-|4| |Independent|examiner's|report|5| |Statement|of|financial|activities|6| |Balance|sheet|7| |Notes|to|the|financial|statements|8|-|13|

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id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Trustees	Trustees		R	R	Cochrane	Cochrane	Cochrane	Cochrane	Cochrane	Cochrane	Cochrane	Cochrane	Cochrane
				M		McMullan
				J Gibson
				K		Dalzell
				AAnderson
				C		Campbell
				G		Quigg									(Appointed 27 December
															2024)
Secretary				K		Dalzell
Charity number				NIC104834			104834
Company number				N1I045083
Registered office				53 Newbridge Park
				COLERAINE
				Co Londonderry
				BT52				1PJ
Independent examiner IDS							CharteredAccountants LLP
				23/25 Queen Street
				COLERAINE
				Co Londonderry
				BT52				1BG
Bankers				Santander
				21 Prescot									Street
				LONDON
				E18AD

~~-~~ 1 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and accounts for the year ended 30 June 2025.

The accounts have been prepared in accordance with the accounting policies set out in note to the accounts and comply with the company's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)”

Objectives and activities

Summary of objectives as set out in governing document

The Company’s objects are to promote the physical education, development, health and wellbeing of pupils at Coleraine Grammar School, and other persons who have had or have a connection with Coleraine Grammar School or its legacy schools by the organisation and/or provision of equipment, facilities, funding and advice for rowing.

Explanation of aims including changes it seeks to make through its activities

• The strategic aims of the Coleraine Old Boys Rowing Association are:

• ¢ To provide and equip premises and centres required for the purposes of the Company;

• ¢ To publish and distribute materials relating to the work of the Company; and

• ¢ To raise funds for the objectives of the Company by public subscription and appeals provided the Company shall not undertake any form of permanent trading ~~.~~

Explanation of main objectives for the year and strategies for achieving them & details of significant activities for achieving objectives

The main objective for the year was to continue with our long ~~-~~ term fundraising campaign for new equipment ~~.~~ A total of £15,491 was raised during the year from donations and fundraising ~~.~~ The main purchase was a Kanghua quad which was assisted primarily by a Crossfit GoFundMe campaign to raise money in memory of the school Rowing Club’s S&C coach.

Statement of compliance with Charity Commission guidance

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.

Explanation of significant use of volunteers in its charitable or income generating activities

The Directors of the charity are all volunteers in their roles and give freely their time in attending and preparing for Board meetings as well as supporting Coleraine Old Boys Rowing Association in the objectives it pursues. In addition certain fundraising events such as barbeques or table quizzes are only possible with the support of volunteers from our members ~~.~~

Achievements and performance

Review of charitable activities explaining performance against objectives

The statement of financial activities for the year is set out on page 6 of the financial statements ~~.~~

Given the straightforward nature of the company, the company's Directors are of the opinion that analysis using KPI's is not necessary for an understanding of the development, performance or position of the company.

Review of fundraising activities

During the year to 30 June 2025 Coleraine Old Boys Rowing Association raised an amount of £15,491 from donations, fundraising, our annual dinner and merchandise sales ~~.~~

~~-~~ 2 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

Review of investment performance against objectives

Due to the nature and size of the company no investment objective has been set by the directors.

Financial review

Details of results for the year are set out on page6 in the Statement of Financial Activities ~~.~~

Policy on reserves

The Charity’s policy is to retain a level of free reserves, being funds not raised for a specific fundraising target, and should represent at least 12 months administration costs ~~.~~ At this level, the Trustees are of the view that the company would be able to continue its activities in the event of a significant drop in funding ~~.~~ The level of unrestricted reserves held at the year ended 30 June 2025 is £1,000 ~~.~~ The Charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually.

Funds in deficit

No funds are in deficit ~~.~~

Principle funding sources are from annual membership fees and donations. Expenditure on the charity's annual dinner and printing cost of fundraising materials and an annual newsletter has helped to support key objectives by raising the profile of the need to develop a Boat Replacement Strategy and the specific targets set to raise funds to purchase new rowing boats for Coleraine Grammar School.

Investment policy and objectives

Due to the nature and size of the company no investment objective has been set by the directors ~~.~~

The Trustees have overall responsibility for ensuring that there is an appropriate system of internal controls and that it complies with relevant laws and regulations ~~.~~ Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions ~~.~~

Explanation of aims and key objectives and details of planned activities

Coleraine Old Boys Rowing Association aims and key objectives for the forthcoming year is to continue the current long ~~-~~ term fundraising campaign with the aim of purchasing new capital equipment for the school rowing club. Having purchased a coxed quad this year, we will aim to purchase a touring quad next year. It is also planned to hold the organisation’s annual dinner and rowing race in December.

Structure, governance and management

Nature of governing document and how the charity is constituted

The Coleraine Old Boys Rowing Association is a charitable company limited by guarantee. It is governed by its Memorandum and Articles of Association ~~.~~

~~-~~ 3 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

List of members

The Trustees, who are also the directors for the purpose of company law, and who served during the year were: C McBurney (Resigned 27 December 2024)

R Cochrane

M McMullan J Gibson K Dalzell AAnderson C Campbell G Quigg (Appointed 27 December 2024)

Methods, policies and procedures for recruitment, appointment, induction and training of new trustees

The directors of the company are also charity trustees for the purposes of charity law ~~.~~ At every Annual General Meeting, one ~~-t~~ hird of the Directors who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one ~~-t~~ hird shall retire from office ~~.~~ The Directors to retire by rotation shall be those who have been longest in office since their last appointment or reappointment, but as between persons who became or were last reappointed directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot.

If the Company, at the meeting at which a director retires by rotation, does not fill the vacancy the retiring director shall, if willing to act, be deemed to have been reappointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution for the reappointment of the director is put to the meeting and lost ~~.~~

No person other than a director retiring by rotation shall be appointed or reappointed a director at any general meeting unless he is recommended by the Directors; or not less than fourteen nor more than thirty ~~-~~ five clear days before the date appointed for the meeting, notice executed by a member qualified to vote at the meeting has been given to the Company of the intention to propose that person for appointment or reappointment stating the particulars which would, if he were so appointed or reappointed be required to be included in the Company’s register of directors together with notice executed by that person of his willingness to be appointed or reappointed ~~.~~

All members have to be approved by the Directors of the Charity ~~.~~

Organisational structure and how decisions are made

Coleraine Old Boys Rowing Association has a Board of Directors of a minimum of four members who meet at least three times per year and are responsible for the well being and management of the Coleraine Old Boys Rowing Association on a day to day basis. At present the Committee has seven members from a variety of professional backgrounds. Any significant decisions regarding the Charity are made at Board meetings ~~.~~

Relationship between charity and related parties

The charity has no related parties.

The Trustees' report was approved by the Board of Trustees ~~.~~

~~Milley~~ Kirsty Dalzell (Nov 4, 2025 21:39:43 GMT)

K Dalzell Director Dated: 29 October 2025

~~-~~ 4 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE COLERAINE OLD BOYS' ROWING ASSOCIATION

| report to the Trustees on my examination of the financial statements of The Coleraine Old Boys' Rowing Association (the company) for the year ended 30 June 2025.

Responsibilities and basis of report

As the Trustees of the company (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ~~.~~

Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the company’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 (the 2008 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 65(9)(b) of the 2008 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the company as required by section 386 of the Companies Act 2006.

• 2 _ the financial statements do not accord with those records; or 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

• 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ~~.~~

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

~~sy chartered accountants~~

IDS Chartered Accountants LLP

23/25 Queen Street COLERAINE Co Londonderry BT52 1BG

29 October 2025

~~-~~ 5 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

																Unrestricted	Unrestricted	Restricted	Restricted	Total	Total	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
																funds		funds				funds		funds
																	2025		2025	2025		2024		2024		2024
													Notes				£		£	£			£		£	£
Income from:
Donations andlegacies															2		~~-~~	8,648		8,648			~~-~~	6,161		6,161
Charitable activities															3	6,843			~~-~~	6,843		9,507			~~-~~	9,507
Total income																6,843		8,648		15,491		9,507		6,161		15,668
Expenditure on:
Charitable activities															4	2,039			~~-~~	2,039		2,385			~~-~~	2,385
Other			material
expenditure																	~~-~~	10,043		10,043			~~-~~	32,754		32,754
Total expenditure																2,039		10,043		12,082		2,385		32,754		35,139
Net income/(expenditure)																4,804		(1,395)		3,409		7,122		(26,593)		(19,471)
Transfers						between
funds																(4,804)		4,804		~~-~~		(7,122)		7,122		~~-~~
Net movement									in
funds																	~~-~~	3,409		3,409			~~-~~	(19,471)		(19,471)
Reconciliation									offunds:
Fund balances at 1 July 2024																1,000		7,266		8,266		1,000		26,737		27,737
Fund			balances						at 30			June
2025																1,000		10,675		11,675		1,000		7,266		8,266

The statement of financial activities includes all gains and losses recognised in the year ~~.~~ All income and expenditure derive from continuing activities.

~~-~~ 6 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

BALANCE SHEET

AS AT 30 JUNE 2025

						2025		2024
				Notes	£	£	£	£
Current assets
Cash at bank and in hand					11,675		8,266
Net current assets						11,675		8,266
Net assets						11,675		8,266
The funds		ofthe company
Restricted income			funds	7		10,675		7,266
Unrestricted funds						1,000		1,000
						11,675		8,266

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements ~~.~~

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ~~.~~

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime ~~.~~

The financial statements were approved by the Trustees on 29 October 2025

~~Gibson~~ IGibson (Nov 4, 2025 17-17-26 GMT)	~~a~~ Kirsty Dalzell (Nov 4, 2025 21:39:43 GMT)	~~a~~ Kirsty Dalzell (Nov 4, 2025 21:39:43 GMT)	~~a~~ Kirsty Dalzell (Nov 4, 2025 21:39:43 GMT)
J Gibson	K	Dalzell
Director	Director

Company registration number NI045083 (Northern Ireland)

~~-~~ 7 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

The Coleraine Old Boys' Rowing Association is a private company limited by guarantee incorporated in Northern Ireland ~~.~~ The registered office is 53 Newbridge Park, COLERAINE, Co Londonderry, BT52 1PJ ~~.~~

1.1 Accounting convention

The financial statements have been prepared in accordance with the company's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016) ~~.~~ The company is a Public Benefit Entity as defined by FRS 102 ~~.~~ The company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £ ~~.~~

The accounts have been prepared under the historical cost convention ~~.~~ The principal accounting policies adopted are set out below ~~.~~

1 ~~.~~ 2 Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the company.

1 ~~.~~ 4 Incoming resources

Income is recognised when the company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received ~~.~~

Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation ~~.~~

Legacies are recognised on receipt or otherwise if the company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset ~~.~~

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category ~~.~~ Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources ~~.~~

Fund ~~-r~~ aising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities ~~.~~ Administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

~~-~~ 8 ~~-~~

id chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1 ~~.~~ 5 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shor ~~t-~~ term liquid investments with original maturities of three months or less, and bank overdrafts ~~.~~ Bank overdrafts are shown within borrowings in current liabilities ~~.~~

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest ~~.~~ Financial assets classified as receivable within one year are not amortised ~~.~~

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest ~~.~~ Financial liabilities classified as payable within one year are not amortised ~~.~~

2 Income from donations and legacies

					Restricted	Restricted	Restricted	Restricted
					funds		funds
					2025		2024
						£		£
Donations		and	gifts		8,648		6,161

~~-~~ 9 ~~-~~

ids chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3 Income from charitable activities

								Unrestricted	Unrestricted	Unrestricted	Unrestricted
								funds		funds
								2025		2024
									£		£
Membership fees
Sale ofgoods				goods				4,349		4,358
Kit
Sale ofgoods				goods					847	1,708
Annual dinner
Sale ofgoods				goods					718		692
Gift aid
Sale ofgoods				goods					929	2,499
Boat purchase
Sale ofgoods				goods					~~-~~		245
Merchandise
Sale ofgoods				goods					~~-~~		5
								6,843		9,507

~~-~~ 10 ~~-~~

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THE COLERAINE OLD BOYS' ROWING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year.

6 Employees

The average monthly number of employees during the year was:

Total

2025	2024
Number	Number
-	-

7 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

				At	1	July 2024	Incoming Resources	Incoming Resources	Incoming Resources	Transfers	At30 June	At30 June
							resources expended					2025
						£			£ £	£		£
Restricted		funds				7,266		8,648 (10,043)		4,804		10,675
Previous		year:		At	1	July 2023	Incoming Resources			Transfers	At 30 June
							resources expended					2024
						£			£ £	£		£
Restricted		funds				26,737		6,161 (32,754)		7,122		7,266

8 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes ~~.~~

				At 1 July 2024	At 1 July 2024	Incoming Resources	Incoming Resources	Incoming Resources	Transfers	At30 June
						resources expended				2025
					£			£ £	£	£
Unrestricted funds					1,000		6,843 (2,039)		(4,804)	1,000
Previous year:				At 1 July 2023		Incoming Resources			Transfers	At30 June
						resources expended				2024
					£			£ £	£	£
Unrestrictedfunds					1,000		9,507 (2,385)		(7,122)	1,000

~~-~~ 12 ~~-~~

id

chartered accountants

THE COLERAINE OLD BOYS' ROWING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

9 Analysis of net assets between funds

								Unrestricted	Unrestricted	Restricted	Restricted	Total
								funds		funds
								2025		2025		2025
									£		£	£
At 30 June 2025:
Current assets/(liabilities)								1,000		10,675		11,675
								1,000		10,675		11,675
								Unrestricted		Restricted		Total
								funds		funds
								2024		2024		2024
									£		£	£
At 30 June 2024:
Current assets/(liabilities)								1,000		7,266		8,266
								1,000		7,266		8,266

10 Related party transactions

There were no disclosable related party transactions during the year (2024 ~~-~~ none) ~~.~~

~~-~~ 13 ~~-~~