Saint Andrew Boal Club SCIO Scottish Charity No- SC045608 Annual Report and Financial Statements for the period ended 31 July 2024
Saint Andrew Bo&t Club SCIO Report of the Trusteos for the year ended 31 Jul) 2024 Contents Pages Rep)rl of thc'l'ru5tccs 1-8 Rewrt of the Jndep¢lldt Exatniner Statement of Financial Actimiies Balance Sheet 12 Accounting Policies 13-14 Noteg 10 the Financial Stalements 15-17
Saint Andrew Boat Club SCIO Report of the Trustees for the year ended 31 July 2024 Thc trustees have pleasure in presenlins Ih¢ir r¢port tugeiher wryih th¢ finanLidl statenEnTq ft)r the period qtArting I Augu4qt 2023 and ending 31 Julv 2024. The financial statttm¢nES huve been prepared in #Ltordance ivith the accounting p)Iici&s 8et out on pages 12 2nd 13 lo lh¢ financial statenntS and comply with the charItS constitution. the Charitics and Tnjstee Inveslinent (Scotland) Act 2005, the Charities A¢¢ounis (S¢otland) Rcgulations 2006 (as amended), the CornpaniL¥ Act and "Accounting and Rcportints b). Clarities: Siatcmciit olR¢¢onMnended Practice applicable io cbarilies pr¢p8Ting iknir aLL'ounts iii accoTdance utitli the Financial Reporting Siandard applirablc in th¢ UK and Rq)ubli¢ of Jreland (FRS 102),: (as amenikd for aLLOUllting periods commenLing from l January 2019). OUR PURPOSFS AND ACTIVITIES Charitable purposes To wovide tdLililics for ai)d promote the amateur iport of roiving ('rowing') in Edinburgh and the surrounding and to provide facilities for arjd pruTnotf Lommunily Pdrticipdlion A¢hievemcnt8 and performanee The 2023124 season was a very su¥cwful vne. both dnd off tlic wat. Our Junior and senior Learn to Row aduates ILaYe been providing fresh member8 throughout rhe year and our LUILtiJ)ued p¢rfornknuiLLS al top end competitions have solidified the general opinion thal Si Andw Boat Club is an ¢xcelleat place to row. The boat house. FQrticularly its training spacc. continue8 to dcmonstral¢ how valu&ble an asset it is to the Club wilh group sessiuns providilig a fiiendly 2nd welcoming atniosphere no mattff the I¢] of rowing ability or ambition you have. The levels of con]mittnent to trdining continue to be impressiifte and Again demc)i)8trat&l in the perfom)anc£s of all athlete& Along with the canal, Strathclyde Park and the lliSatiOn of th¢ facilitivs at Tdy Rowqng Club. wc wcre able to offer Jmd tailor our training to mect our wide Tange of goals for the s¢ason. Thi8 will continue next season with the g(KxJ grac¢ of our frid& up ¢)n ilic Tay. We ¢¢)ntinu¢ to honour our'Rowing for All. motto at are still puulg how we Lan keep the sport inclusive for all. Work rcccndy within the adaptive rowing category has furtber enhanced our ability to offer the sport lo a wider body of thc communit5,. Our Junior scctson is fonnulating plan$ on how best to reach out to locttl schw18 such as Jatnes Gillthpie's. Firhill aiid Bornug]iiiiiiir 10 provide (ypariunities to th¢ir pupil4 wi¢nlially through their active schools, section and indoor schou]s Lhumpionships. This all give8 us a fantastic and diverse membership which wc should bo proud OL The work assuLiatcd with clut) govcrnancc continues to grow as the memiKrship incrcases. IThis i8 a constantly evolving and improving task and we Lonlinue lo need volunleers lo help with this work. I would like to thank dl those who hiv¢ forw?Td to volunte¢r last season attd hoFfully you uryll continue Io sUPPOrt with your lim¢ going foLi¥ard. As usual, our athletLq have continucd topcrform al a hiO1 slandard with wryns at most domestic sartas OS well as nati1 and iniernalional Hppearances #nd ll4tLq And they must CTediled lor Ihcir CQTnll]itttThi and tiaining.
Saint Andrew Bo#t Club SCIO Report of the Trustees for th¢ year ended 31 Julv 2024 (c(IDtinued) OLTR PURPOSES AND ACTIVITIES (L¥Jntinued) Arhicvrm¢nts and perforniance {eontinued) We ran a very SULc¢ssful artd excitin Club camp at Ea31¢r in C,h¢5ter which was smRller than nornial howcvcr was no l¢ss suCC&ful and consisied of members of our Senivr Wom¢n, Ivoincii, Mast¢rs NICJ) and Junior Women squads. The Senior Men's squad decid¢d to run smaller mitii camps ro guit their goalb. Ivhilst we go on to celcbralc th¢ a¢hi¢YeD]cnts of our p¢rfornMnce squads, we should also ¢elebTate th¢ large nu1b. uf 'club rowerq, within the c.lub whu Lunlinue lo train inipr(pN'¢ CQlLSlSt¢ntly for thcir own pl¢asur¢ and cnjoyTrenr while laking ill Some Dfihe wor¢ regattas. Tl)i8 wide rAnse of age5 and a5PiTations rnakcs our club an enjoyable conununity lo bc part of. Onc¥ again. tre well 1rPrentcd in domestic and national ¢vent8 in 2023124 8nd hO[UllY we can continue this level of attendance und rfornIanCtt golln forwaThl. We tnok wins at all levcls of competition on the dom¢stic front with our crews perforn)in8 particularly well at SLOiiish Rowing SprAng Regatta and Scottish ChaTnpioJ]5hips. Nationally we att¢ndcd th¢ followiug.. Ruthcrford Head with wins for the Masters Women a1 sl0r Women, .1151 Ili¢ Junior Wom¢n. Mastu5 Men and Senior Men perfonn¢d well. Women's Eights Head of the River with a Pennant Win foT the Senior Women in the c.haIl7e c.ategory who finished 48th and our Junior Women performing well 88 p&rt of the Scottish Argonauts LTeW. Ve8la Masters HeAd where our Masl¥rs M¢n conlinuoj ts) show improvement on a national stage. Junior Jnler Regiona] Regatta With SLoiland's inclusion in this ¢vcnt a5 a regio it w85 time for our younger JutiioT£ to step up and Shine. with fantastic perforniances and medals T¥sentIn8 th¢ SL"Ollish Rcgion. Henley Womell's Regatta iviih ow Jii.iioi' M'oiiiiT) having a fantastic Tun and reaching tlie semi finals of thc (7TOton School L'hallenge Lup and i%inning the Grosvenor Cup in only her second race. Marlow Regatta where our Senior Men had a fantastiL p¢Tfornwi¢¢ in their flljal. Henl¥y Royal ReIta wliere our Senior Men qualified for, and fought valiantly iw ihc Wyfold Cballfflgc Cup and our S¢nÉor Ivomen narrowly missin¥ uut on qualification for ttie WargrAve Challenge Cup as the la$te8t ll(Ml-qu&lificrq. British Rowing Beach Sprints chanipi0115h1r whcre we had Junior reprntation who Can away with Bronze_medal. We again r¢newed our end of season fun iTiP to Talkin Tarn wbich we have missed OiTer the last few years. Thanks musi go to all of the Volunte coachcs across the squads who have helped make all this bapwL
Sainl Andrew Boat Club SCIO Report of the Trustees for the year ended 31 Julv 2024 (continued) OLIR PURPOSES AND ACTIvlEs {¢oniinued) AchieVe¢llts and p¢rformanee (continued) The sprint S&2son was round¢d vtras utsual by tlie Hume IniLiiialional Rcgatta with St Andrew Doat Clulj having the second highesl representation of athLetes only behind Edinburyj) UniveTsily, with Ihret Seniur IIFomen, t Scnior Men and two Junior Women all makn'ng th¢ Squad arLd bringing home five Winners Mthls in the Pre$S. Fle Our boai sId ieam continues lo do a fantastic job keepin8 us all on th¢ WdtLT and as cvcr a hugr volr ¢Jf thanks must go to tbcm all. Wc have added two coxed quad touri0 boais to th¢ fleet thanks lo a verykind donalion to the Club and these are alraY used regUlly. We havc Ilad a couple of rnajor repairs this year. We have established a Boai Hous¢ Sub Cvn)Jnillee lo look after thc boat house. has continued dtiing a fantastic job, com)¢cting with SL'Utlish Canal4 organising weeil cuttinB ttnd conal tidN' ui) evenis and taking care of the managem¢nt of the Club's extemal spac£s. This makes a]1 of our lives much Inore FKarablc i)n ranal. Yothnleers Wc havc had a wonderful am]y of volunteers again this year and a huge thanks must go to them, parents of the JUni(s. as well as both Scnior and Junior aihlctcs for a]1 their help with boat knuse gnd wial main(enan¢¢ as well ab Luaching and helping with younger JuniaTS and Learn to Rower's. Th¢r¢ ar¢ now too many to mention individuall>' but everyone is in]portdnt to th¢ sucLess of Ilie Club. Thank8 also lo our s¢ction COOTdinaloT8, Learn to Row co-ordinators, coaLh¢s and vic¢ captains whu 8ive lip d hugc a]nounl of time. Thank you again 10 the board of Tnistec& who do a fantastib J{ in th¢ background alwa)8 Wlth tlie pu08¢ of king the Club forward for ihe iefit of all members. We need lo shoul our Pdrticuidr thanks lo thrL'L mcmbcrs of this arniy. Firstly, L¥hO stoiM] down as a'l'ru8t¢c at Ihc 2024 Annual General Meeting but happily continues as Wotnen b Ili¢e Cdplain. Secondl}': who a]50 st(K)d dowTh as a Trus1¢¥ ai the 2024 AGM bul who 1$ not disAppearins a8 he is continuing ¢oi¢h ()l-the Senior Men"5 squad. Finalli,. ho stood down as th¢ Club's safety officer at the ACJM but Is continuing his tcrni a TtusteL kmd lias taken on leading the Boat Huus¥ Sub Con)mitÉ¢e.
Saint Andr¢JY Boat Club SCIO Report of the Trustees for the year cnded 31 July 2024 {continued) OUR PURPOSF.S vID ACTIVITIES (continued) A¢hlevenwnl$ alld perform#nee (eontlnued) A hutse vote of thanks to them all. We still need rnore hclp in variou8 or(*s and anyone willing to giv¢ a few bour$ 8 month of their time to b2nefit the Club shuuld let any of the TTU$tees know. The YeAr Ahead We have a bu%y and cxciling 2024125 season fthead of us which fronl foremost will be fimdraising to finish the paymenl of the boat lious We will of course be aiming to attend all of the lop er regattas a8ain this ycar and hopcfully pTogr(%s a little fi]rther than last 480n. Wc arc [tr¢turing th¢ rowting groups to improve (h¢ ¢xperience of roNvers in the Club with the introduclion ul spoke$persons for eaLh group ¢0 ¥ivE ¢yn¢ a voi¢¢ more coaching and a GlcaT progtcssion plan for those wishing to prOsS further. We still have vcry heAlthy waiting lists for both our S¢nior and Junior Learn to Row programmcs and thc Irams are coiilinuing to ivork tbrLXLsh Ih¢s¢ as tasi as sSIble whilst helping lo make sure our t¢tention numb8 of Learn to Row dUateg Mre l)igli. Due to a lack of deca)t club rowing a1 senior Ivl'el within SLoiiAnd, will be Imking slightly furfhcr afLcld gain this seosL)n to try and h¢lp th our Competitiveness at all l¢¥els. We also looking at taking more inexpcricnccd bquads In smallcr cvents such as Nithsdalc and I"alkin Tarn. "I'his always pruvid¢s l()gisli challenges but it's one we would like lo push fonvard on IL) eiihance our offering io all MeMr5. Also. as ever, due to th¢ increasing number of membejs, the higlw level of (onipclilion and $upponing additional rowing ntr(S wc nccd io OUT attention 10 thc fled and itLcrea$ing this across the boar¢1 Thc ro4uiremen( or dd(lilional equipm¢iit and bettcr cquiptn¢nt is a good problcm to have bui It'"s siill a problellL and we need to fi]nd this on a y¢aTI)' basis tu our key lask of rowin8. Th¢ proposed project to update and enhance th¢ existing boat Sh is still ()n the iable and wc will kc£p progressing wth this &8 and when possibl¢. There is a major rcfurbishJnI planii¢d for Strath¢lyde Park which tnay aff¢ct thc umount of trnitting and rtseing pt)&8ible there f ll period of iitne. W¢ bave bttn atlcndjil the consultstion me¢tings with North Lanarkshire Comncil on this and ar¢ planning for all evenhmlities itl the baGk¥tound. Ive will ulAte people ivhen there aTe any wncTeic d¢irlopm¢nl$. Whilst we lth)k back the 2023124 season with pride, w¢ neal to look fonvard lo next 8¢ason with a Ten'ed hun¥¢T io improve ai all levels and not stand STIII. Keeping ihc Club moving fonvard is the key to facing and i)vetrorning th¢ ¢hallengYs which will come our way- both on the water and off li.
Saint Andrew Boat Club SCIO Report of the Trust¢¢s for the year ended 31 July 2024 (continued) OTJR PitiiPOSES AND ACTIVITIES {eontinued) FlnAnelal r¢e. Durin¥ tbe financial period, the Cltsrily reported a surplus of £71:424 kfore ¢har8ing n4)llaSh dwyLxialion or £65 131 ond a surplus of £6,29) aft¢r ¢harging this depr¢cAaliLm (2023: surpluses of £46,218 and deficit of £16,323 and ro8pcclivclyl. Inco]nc tolallcd £145.352 (2023: £119.961) against ¢xpenditur¢ of£73,928 befor¢ Lhargillg non-casli depre£iAtioM and £139.059 after charging this deprccialion {2023.. £73,743 and £136,284 r¢spc¢tii'ely). At the year end. closing unre5triclcd reserv totalled £77,416 (2023: £53.673) alld closing Te8lria¢d res¢rv¢s lotallLxI £1.123,105 (2023.. £1.140,5561. Our main source of operational funding is from menibcrqhip fcc8 aiid cv¢nts run by the Club. R¢&erY¢s poll¢y and going eon¢erll The Trnsl¢¢s aim lo hold a fitsancial r2qerYe suffici[ to support six monthb. nomwl opcrntion of thc Club h1¢ currentlv equate8 to £22.0(K). This fllMllLiuI reserve will be leStriled fi]nds separate from any rcstricicd funds dortaied (sr raised for specific purposcs and frorn any unrestricied funds that the Trust¢es have set aside for SPVLific puJposc8. Currently Ihc ¢$ aTe abovc thi8 l¢v¢l and therefore, the Trustees consid¢r the club to be a going ¢onc¢rn. Pl*n$ for future periods The club's main plans for tUre periods arc: To rais¢ Sufficient funds kn pay off thc r¢rnaining loan associated with the new boat hovsa To compcl6 and be 8ucces8ful, at local. ti101181 and intcrnalii)]l rcgatta8. To expand ils nieiTbbership numb¢rs and diversity. To ¢onlinuc to improve the gover1ce ofihe club. To amend th¢ a(tininislration ofthe club to continue to cope IViTh the club's 0wIng rnctnbcrship.
Saint Andrew Boat Cjub SCIO Report of the Trustees for th¢ year ended 31 July 2024 (continued) RLFF,RENCE AND ADMINISTRATIVE INFORMATIO Charlty name Saint Andrew Boat Club SCIO Charity no SC045608 Addres$ The Boathous4 Meggetldnd W)qMJ, EdinburgN EH14 IXN Correfjpondence iddrtss 4 Greenhill Gardens, Edinbur8h. F.HIO 4BW Current trust¢es S"I"KUC'I"URE. GOVERNANCE AND hlANAGEMENT Conslitutlon The Charity is a Scottish Charitable InCoOrated 0r8anisali0 a SCIO. li wa$ regislered in ils CUTrenl. legal forTn on 12 May 2015. Thc governing document is ihe Constitutio Thc charity was pJEviously an unincory)orated association but changcd its l¢gdl Ivrnj lo a SL'IO. 'I'h¢ a$$ets of the unincorporated association were trallsfeed to the SCIO On 12 May 2015. 11 ha$ 3 8insle tier structure dnd as Such th¢ Inibl¢cs ar¢ thc nicmbcr8 of Ihc ch&rity. As well as the Iru5tees, there ar¢ a number of sub-committees, each governed by their r*wn lttrnis ol'relcrcncc, foT p&rticular areas olTespon8ibility. The club also has appointed offi¢¢rs for roles such as Child Protection Offjcer aud Safety oificer.
Saint Andrew Boat Club SCIO Report of the Trustees for th¢ y¢ar ended 31 July 2024 (condnu¢d) I'RIICTiiRE. GOVEIiYLNCE AND LIILLNAGEMENT (¢ondnu¢d) Appoilltnwil of trustees Tn]gtees are elected and appointed by the members ot'thr club at the A(iM on a fixed terni basis a5 laid out in the club's conslitutioii. Our 4dvi50rfi Examincr: 4015 Qyl¥muir Road. Edinburgl), EH12 7UG Bankers: Royal Bank of scotlan ChS¢rAvenu4 EdiDburgh, EH14 ITB SoliLltnTh- Morton Frascr MacRol)erts LLP, 9 llaymarket Square, Edinburgb. EE13 8RY Statement of Trustees, Respojjsibilities Th¢ T1& ar¢ rcsponsiblc for preparing the .1 rustc<8 Report and the financial statements in OrdanCe with applicable law and unit Kin8dom ACCo)ting SLmddrds (Unilcd Kingdom GctLft411y A¢ptra AOu1]ng Praclic¢). The law appli¢able tn charilics in Scotland requires the Truslccs to prcpare financial statemcnts for each finanGial yedr which give a true and fair view of ilie state of affairs of the Charity and of the incoming r¢si)ur¢es and appli¢arion of rtsources of the Charity for t112t yegr. Its prarIng thesc fiaancia] statcm¢nts, the'l'nJstee8 ure required to: s¢11 suitabl¢ awounting pvliLi¥s and ihen apply Ihvm cunsi¥tendy obseTre the methods and principl¢s in the CThBrities SORP mktkc jiidgcmcnts and cstimal¢& tl)at aT¢ reLsonablc and prn(lent state whether applicable UK Accounting Standards have been followed, subjeLI tu any niaterial departures dis¢losed and explain¢d in the fmancial sl?l¢ments prepllre thc linancial statcments on the going concern b&sig unless it is inappropriate lo presun]¢ that the charitable company 11] conlinuc in opcration Thc Trnsltts 8re reswnsible for keeping prow accounting records that disrl(be with rvasonable aLLIThL'yy at tim4 the financial Tr81t10n of thc Gharitable group and COLt]pany and cnabl¢ them to Sre that the finoncial Statc1tb Lomply willi the C,haritics and Ttttste Ini'&stment (8c<)tl&nd) Act 2005, the Chari(ies Accounts (Scotland) Regulations 2006 (as amen(led) and the provisions ofthe INSI Ikcd. Thes dre also reqponsible for 8&feguarding the assets of the charitable Company and the group and hence for taking reasonable stsps for the PTev¢ntion of fiaud and other irregutarities.
Salnt AndreTrw Bogt Club SCIO Report of the Trustees for the year ended 31 July 21124 (continued) STRUCTifRE, GOVERNANCE AND mANAGEENT {coDtinued) Fxgminer 'as uppointed as examiner io company and a resolution proposing that he b¢ re-appointed Thill bc i?ut al a Lcnerdl Mccting. The tN8tees' report 11728 approiied b!. the B(Jard (JfTriisiees on 10 March ?025 aTid Sign on its behalf by.
Saint Andrew BoAt Club SCIO Independent Examln¢r'$ Rert to the Trustees of Saint Andrew Boat Club SCIO I report on the a¢counts of the clmrity f th¢ year ended 31 July 2024 N4thich s¢1 ou( on eS 10 to 17. RespeLtive r¢Sn3&bIlItics of trustees and examlner The c111y,$ trustees are responsible for the prepation of Ihc arKoiints in acconlance with the tern)s of the Chitte8 and Trustee Tnvestmcnt {Scotland} Act ?005 and the Charities Aount$ {Sand} R¢gthation5 2006. Th¢ ¢barity tnJsie¢s ci)nsideT that the alIt requirement of Re¥uldlion 10(1) (d) ol Ihc A¢cnunts RegulAtio does nol apply. It ts myresponsib21ity to examine the accounts as rcquircd UlldvT S¢¢tim 44ll) {c) of the Act and to state whether particular matters have come lo my aiicntion. Basls of independent eiamiDer's 3tat¢m¢Jb¢ Ms, examination is Carriedout in aCCOTdance with Regulation I l ofthc 2006 Arwunts Regulations. An examination inLludes a revicw of the acc(Junting r¢cords kcpt by thc charity and a compAri50n of th¢ accounis presented with those rOrdS. It a]so in¢ludes con8idcration of any unusual itetns OT dlsclosLeS in Lht a¢counts, and seeks explanations from the trustees conceniing Any such matters. Thc procthrcs undcrtak¢n do not providc all th¢ vid¢n¢¢ t11 would b¢ requiTed in an audiL and consentlY I do not express gn audit opinion on the view 8iv¢n by the aceounts. Independent csamin¢r'8 statcTh¢nt tn ihe course olmy cxamiiialion, Jx) matteT has comc to my &ttcntLOn: I which gives me re&sonable cause io believ¢ tlial in any inaterial resiKd the requircmcnl5.' to kc¢p aGcounting rccords in accordattce with S¢¢lion 44(1) (a) of the 2Q05 Act and Regulation 4 of the 2006 Account8 R¢8ulations" and to preparc aLcounls which accord Mith the COUnting rec()rds and comply with R¢gulation 9 of the 2(M)6 Aco)unts Regulationg" have n(* bccn rncl. QT 2 to which, in my LWiMiOn, attention should be drawn in Ord to cn#bl¢ a proper understanding of the a¢Unts to b¢ reacl)cd. /3/4- March 2025
Saint Andrew 8oat CIL* SCIO 8tatom¢nt of Flnanclal ActlvVlta6 Y•8r ended 31 July 2024 unSIr1¢t0d Unrn8triEted Gera1 DesEgnaled Funds Fund FuThl8 Toial 24 Total 2023 2024 2024 2024 Donations Gross rettipts Imm charitable active$ 14,707 90.799 39.363 54,070 90.799 39,719 80,083 Inv8Stm8nt IrKYJ• 233 249 I In¢0 105,739 39.612 145.2 119,981 Ex Payments relating dlrecityto c1)aritaV a¢tivibaS e2,099 56.504 139,059 136,284 Total nditur• 82,og9 56,504 139.059 136.284 N•t Incomoll•xp8ndlturel 23,640 (4561 116.891 6.293 116,3231 TransfeTr betsvegn fur¢$ 12 16,4261 6,986 N•t moYorn8nt In funds 17214 6,S30 117,4511 6.293 116,3231 ionoff Totsi iunds brought forw¥d 12 53,673 1,140,SS6 1,194.229 1.210,552 rri• 12 70,888 1,123,105 1,200,521 1,194.229 The Statement of FiTranci81 Actiwtie8 irlud8$ 91 galns and b8$os re¢knwlsed In ts y8ar. All income and exp8ThJilwo is éerive frvm contiwwing 8ctivitsès.
Salnt Andrew Boat Club SCIO Statement of Financial Activilies Yr endgd 31 July 2024 Prlor Ilnancial year Unr8Strlcted Goneral Funds 2023 Rastricted Funds Total 2023 2023 Income from: Incoming re¥our¢e8 from Donalions Grants Rec8ipls from fund raising Bank interest Gross receipts from charitable activltles Other Irading activities Proceeds from sale ol fixed Investment income 7,8 32,110 39,719 80,083 80,083 26 133 159 Total Incom• 87,718 32.243 119,961 onditure on: Exp8n$8s for fundralsing Payments ielatlng directly lo charitable activities 80,924 55.361 136,284 endlture 80,924 55,361 136,284 Nat in¢omoJ(expondltura) 6.795 (23,118) (16,323) RKon Illallon of fund$: Tolal funds brought forward 12 48,878 1,163,674 1,210.552 Total f arrlod forward 12 53,673 1.140,556 1.194.229 The Stslement of Financial Acllvtt*s indudes all gains and losses rQgnISed In the year. Al income and exp8ndilur8 18 dar from ¢onllnulng actNities.
Salnt Ahdraw Boat Club SCIO Balance Sheet 31 Juty 2024 2024 2023 Nots Flxod Assgts Tangible fixed as$•ts 1.229.105 1.229.105 1.248.017 1.248.017 Current Assets Debtor5 11,827 46,498 28,571 31.591 Bank and (ash 58.326 60,162 Cr¢dltors Falling due 1h1n one year 10 6,909 6,W9 33,9 33,950 Net Currènt Assets 51.417 26,212 Creditors Falling due after more than one year 180,0001 (80,000) Net Agset8 1,2¢XJ,521 1.194.228 Funds Unrestricted General Designated Reslricled funds 13 70,886 6,530 1,123,105 53,673 1.140,556 Total Funds 1,200.521 1,194.229 The afxounls were approved by the Board of Trusiees on 10 March 2025 and signed on rts behalf by.
SaintAndMv Boat Club SCIO Accounting Poli¢108 Y•ar ended 31 July 2024 The principal accounllng pollcles, which have been applied consi$lenUy in the cvrrenl and preceding year in dealing th items which are considered material to the accnIS. are sel out w. Basls of preparation The financial statemenlg have been prepared In ac(udance MAth Attounting arvj Reportiry by Charities: Statemènt of R0MMended Pr8CtiCg applicable to charlties preparing thelr OUnts in acwrdawe with the Financial Reporting Standard5 applicatAe in the UK and Republic of Ireland (FRS1021 issued on 16 July 2019 and the Financial Reporting Stsndaré applicate in the UK and Republ of Ireland IFRS1021, the Charties and Trustee Investmtrnl IS¢olland) Act 2005 and the Charits'es accounis {Scottand} Regulalions 2CKJ6 las amendedl. The charity is a Public Benef Enlily as definod by FRS 102. Funds Funds are dasS[fi as either rostrfded funds or unrestricted fur#Js, defined as follows: Restricted funds are funds subjecl to specific requirements as lo their use which may be declared by th8 donor or with their aulhority or created tFYough legal F¥ocesses. but Still wthin the wider objects of the charity. Unrestricted funds are expendable al the diserelion of the Iruslees in furtherance of the obj8cls of the charity. If parts of the unrestrlcted funds are earmarked at the dis¢xelion of the 1rustees for a particular purpose, they are designaled as 8 separate fund. This designatn has an adminislralive purpose t)nly and does not legalty restrirt the Irustees, dIScOn to apply the fund. Transfer8 between ftjnds are made on the aullv)rfty of the trustoes. Incoming r&8ources Income is recognised when the charity has enlltlemenl to the funds, any performance conditions allached lo the item(8} of income have been met, it probable that th8 income wlll be received a the afllounl can be measureé reliably. Resource8 expended Al expenditure is included on an valS basis and is recfrgnised when there is a legal or constructive obligation lo pay for expenditure. All costs have been directly attributed to one of the lunclional categories of resources expended on the SOFA. Th& Charlty Is not re9isiered fDr VAT and accordingly expenditure is shown grosts of 1rrecoverae VAT. Al tangible flxed assets cos1ing in excess of £1,000 having a value lo the charity greater Ihan one year are ¢apilalised at cost. Depreciation is provided on a slraighl-line basis lo rte off the st or initial value, less SIdUa value, of tangible fixed assets over Ihelr estimated useful lives.. Asset cateqory Long Leasehold Buildings Boats and Equipment Annual Rate 4% 10Vo
Saint Andrew Boat Club SCIO A¢¢ounting Pollcl•s Year endod 31 July 2024 Débtors Trade and other debtors are rgnIsed al the settlement amount due after any trade dIScnI offered. Prepayments are valued at the amount prepaid wt of any trade discounts due. Cash at bank and In hand Cash at bank and cash in haTrJ includ&8 cash and short term highty liquld inv8stmenls with a short malurtty of three months or less from the date of acquisition or op8ning of the deposit or similar accounl. Creditors and provisions Creditors and provisions are recognised where the charity has a present oblig81ion resulting from a past event that will probably result in transfer of fLJnds to a Ihird party and the amDunl due to setlle the obligation ¢an be measurèd or oslimated rellably. Credil4NS and provi$ion8 are normally recognised at their settlement amount after allcwing for any trad& discounts due. Taxatlon Saint Andrew Boat Club ks reo)gnised as a charity for the purposes of applicab taxation lsgl$lation and is IrefOre not subject lo taxation on ils charitable activities. The charity is not registered for VAT and SourCeS expended Iheref(xe include irreverab1e input VAT. Lea888 Renta15 paid under operalirKJ leases are ¢h8rged to income on a slraight line b85is over th& lea88 lefm.
Salnt Andyw Boat Club SCIO Notes fonning pjrt of the finaDci81 staemenl> Y•ar•nd•d 31 July 2024 Unr06trlcled Gen•rBI Unr•$trleted DegillnHt•d R95trkt•d 2024 Total 2024 Total 2023 1 ljonatlons Donattons 14.707 39,363 54,070 89,719 14.707 39,383 54,070 39.71 2 Gross Te¢elpts fIc cha11tle a¢tlvltle$ Membership b$crIpt)n8 50 Club Ra0. train¥w, carnps, gym ar#J toursés .688 1,014 24,971 55,688 1,014 24.971 40.132 1,108 33.F86 Sodal wgnts S.015 9,01S 5,054 90,799 90.799 80.083 3 InY95trn•rrt InoFne Bank terest 233 159 15 249 4 An#lysls of Expenditure Paymerts rBlotlng dlrgctlytts ¢harltable ¥cllviti*s Racir£, trainw¥Ji camps, gym and urses 23.7Be 23,78fj 30.386 50 Club quik¥neth repalrs aTrJ onsumab1&5 3.593 8,463 3,593 8,919 10.533 BLI11r c08ts Depr8cl8tion In5uranGe Sotial events Indepernlent Examinerfs t¢¢ Other experffjes 19.272 9.935 7.948 5,622 100 3,279 82.Q99 19,372 65.131 7,948 5.622 100 4,587 139,Q59 11.3fj9 62.541 4.95D 4.628 10D 5.655 136284 55,197 1,307 5e,504 456 5 Staff c051¥ and numbern ND 8t8ff we OmpY during Ihè r12Q22r23.. kn81. 6 T8 R•muNratlon and R•lai¢d Party Trnn58ctlo Ne olthe trustees were paid any re[wneraln or receiva any other benefits from 8mFAoym8nl%wth th8 cjub tr a entsty thjwfing the year12022123.. Nonel. Durino the year, IhwTrusl8e8 dor1 £31.300 low88 the putGhase ol boats and qulpm8nt12022r23.. £01. Duiino Iho r. no Trustess don8ted Ic>w8tds the bu11ng of the btraUK)use12D22123.. £25.0001. Duri[ thg year. a Trus188 pl0¥& Ihe Club with a loan, see 11 for lurtst deiail$1202W23.. Sarnel.
salnl AndrDw Bubt Club SCIO Notes fomilng part ofthg financkl ststements Year 8nd9d 31 July 2024 7 T8nglb Flxed Assets Lok Lono Levsehold L•asehold Boat• & Boats & Buildlngs eylldlngs Equlprn•nt Equipwenl IRestri¢tod} IUnrastctdl (Resttlcted) lunsir[Cledl Cost OT valuatlon At 1 August 2022 Addits"on$ At 31 2024 1.249.013 96.254 15.300 111,554 1,345,267 46.219 1,391,486 1,039 1,039 29,880 29,880 1249.013 AcGumulat•d D9PClaIort At 1 kngust 2023 Char for the yèar At 31 JY 2024 54,528 54,528 109,OS1 42,724 9,922 52,646 97,250 65.131 162,381 13 13 671 671 N•1 Book Valu• At 31 JY 2024 At 1 August 2023 1,139.961 1.026 29,209 S&908 63,530 1,229,105 1,248.017 Debtor5 2024 2023 Actrued irKorne IUnreslri¢tsd} Accrued income (Restrlcteoll Prepaymonts IUNestri¢tgdl 4,135 3,170 22,540 2,723 3.307 28,571 11.827 9 Creditors F•lllng Du• Tmthln l Y•ar 2024 2023 A¢¢ruak IUnr85kncl} Deferr insorne IUrYestrKtedl Loans {Urestrfdedl 4,963 12,177 1,773 20,000 .950 6.909 10 Cr•ditor• FaIng Due Aftèr h*re Than 1 Year 2024 2023 Lolrts IRestilrtedl 80.NO ,000 80,000 ,000 11 Analy¥is Df Net Atséts Among Fund Unrestricted GenoTal Unr•Btwicted De81gn1d Res¢rSc¢wJ rotsl FI Assets 59.935 17,8 16,9Q91 1,169,170 33.934 1,2.105 S8,5 16,909} 180.000} Ciwrent A¥88ts Cwrent LIalItieS h8r LiablllOg$ Not al 31 W24 6,530 IwJ.0001 1.123,105 70,8e6 6,530
Salnt Andrtw Boat Club SCIO Notes fornilng part of iht flnanclal 5tatornents Yearond•d 31 July 2Q24 12 Movements In Funds At 1 Auyusl 20ZJ Inromlng R8Bourc88 Ouigoing R•sources At 31 Juty 2024 Transfors RÈstrl¢t•d fund8 soath0e Junv)r & CtsacNr Ad8ptiv¢ Rwng Boats & Equ5prnent 1,137.694 2.882 3,166 164.5261 (1,5801 1,oe4,774 2,667 1,OOQ 34,664 1,123,105 36.447 39.612 I1:7) 156.5tr41 1,140,556 156DI Unrestricted Funds OeslgnatedFunds Boatknjse Boals & Eq[rt 5,822 1.164 6.986 1&4261 5,822 708 14561 14561 182,0991 182.5551 GM•r41 Funds 53.673 53.673 105.739 105,739 77,417 Total fvnd& 1,194,229 I,352 1139,0591 1.2N,521 Notès on Rt8tdcled Funds The PlhouSe fund is reStrted lo eosls relaliro to Ihg Club'5 boathou3&8. The Junh)r 8 C02ching fund is restrided to $1$ reladng tolunlor mEtr4)er8 and coaclwng. Thg Adaplivg Rgwing lund is restrKted w costs reLgUng to rngmbws. The BLts & Eoulpmenl fund Is re51ricted to C0815 ralg to kn Ch,$ boats & equlpm8nL Deslgnatgd Funds Thg BogiP4)use funds deslgnated to Govering CDSts reIl[j to trt Club's boathous88. Th8 BLts & EqUlpmgntfUr h¢ld$ lunds LI08VJnai covwng tosts rdatlw to Ihe Cb,5 boots & equipment 13 Olhor Fintil1 Comrn5tmènts Alth8 year the had anwal cornm11ts uThler mn-cancellabb owthng 559$ 8$ set out bebw., 2023 Iunrestrictedl IVntEstrf¢tedl Operating I&is8s whicth exkxre WIChln l yeai Within 2-6 year More than 5 y80rs 1.490 5.960 22,48S 29.938 240 5.960 25214 31.414