APPENDIX 3 Scottish Charity Reguktor Independent examiner's report on the accounts Report to the trusteeslmembeys of Charity name Inverness Rowing Club Registered charity SC046612 number I On the accounts of the charity for the period Period start date Period end date Day Year 2024 ',to arch Sot out on pages 110 6 (remember to indud8 the page ryjmbers of addilponal sheelsl Respective i The charily's trustees are responsible for the preparation of the accounts in accordance responsibilities of I with the terms of the Charities and Trustee Investment (Scotlandl 2005 Act and the trustees and examlner , Charities Accounts {Scotlandl Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10{1) (d) of the Accounts Regulations does not apply. It I is my responsibility to examine the accounts as required under section 44{11 {c} of the Act and to state whether particular matters have come to my attention. Basls of Independent , My examination is carried out in accordance with Regulation 11 of the Charities examiner'5 Statement ! Accounts {Scotlandl Regulations 2006, An examination includes a review of the ! accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the acGOUllts. Independent examlner's In the course of my examination, no rnatter has come to my attention. statement which gives me reasonable Cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 44{1) (al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper o be reached. Signed: Name: Relevant professional qualification(sl or body lif any}. i Date: Address: 'Please delete the words in the brackets il they do not apply. 11 the words do apply, sel out those matters which have ¢ome lo your attention on the following page. APPENDIX 3 Disclosure section Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose APPENLMX2 Inverness Rowing Club Receipts and payments accounts SC046012 OSCR Fwthe ￿ltyJ Scottth rtr￿rty Reg,vL3ti oi 2024 Ji Marth Section A Statement of receipts and payments E￿Thdab Perttbanetbt Total fund5 Total fund5 last A1 Rece tknations 21161 a161 15y6 Leg3CES 735 5QTJ5 16.425 1>05stradiry receirrt5 Rents fvcffi & tukng5 4176 Al Stsb total 12 91 A2 Receyts from asset & IN￿StMent 5alps Pr[Ke￿sft0[n sale off￿￿1 asseL A2 Sub toial rotalrEceipts 67.714 54n5 92281 A3 paY￿￿n 9￿10 Gross tr*Jiro PaYn￿ts Irwe5tr*nl managemert CC6ts PaYTr￿ts reL*"r#J th"rKlyto 19,725 A￿111/ IrKlythtÈx*nina*( Pwarntith) of *r•Jal a¢c¢yJ)ts Legal costs 9YJ 930 A3 Sub toral 29536 M P￿￿ts relatingto ¢￿et Fknthases of fixed asseL8 29.935 B3.616 188,623 A4 Sub toial 29335 81616 18Q623 TolalpayJn¢nts 113255 218.156 NetffEceWts/fpayn￿ftts) 11&6U6J AS Transl•rs to I Ifroml lunds Surws l(deftrt) foryvar {1Sg)6) 112S87n APPENDiX2 Inverness Rowln Section B Statement of balances Club SC046612 U￿eSmcIed Expendable Permanerbt Total cwrent Total last perK41 categ￿leS Det￿ Bl Cash fwKIs 2J573 23,573 149.450 SurphJ5 1 Ideficill slK)wn re￿pts arKI 11SfA)61 11,194 1125.8Tn Ca•h and balances •t end of ye 1,961 2&81KI 34,167 23,513 acixxjrrtls)) Details to r￿est% B2 Inv•strn Total DethlL* tonwe•t E lo nMr••t£ 40.397 Bo*s arwj 249.545 95.639 82.411 Facilty New Facilty 73.849 62.112 51.575 Resththd Furthts 110.000 93.500 99,0 ent Resln"cltrJ FuThJs 29335 23,948 503,726 275,859 233.366 Del•iL B4 Tot41 Del•1 BS CondTry)t Ilabllhles Toial by (￿1￿0 trustees on behallof all thetrustee5 ature Print N4Hne D￿0 of pptov•l 1511212 08CRT•_RCJ425. FCII SEKlhNG TO CLEMfTO Istat￿Ortra¥x¥￿2 APPENtMX 2 Inverness Rowing Club SC046612 Section C Notes to the Accounts C1 Nature and purpose of funds (may be stated on analysis of funds worksheets) Type of activity or project supported Idud i Nwnbeiof9tants C2 Grants Total C3a Trustee remuneratlon If no rernuner8t￿ was ￿ld d￿n9 the to any chaity trustee cf tws(M) con￿CLed io a trustee C￿$5 th￿ tox Comp￿ seclbjn 3b) Authority under which paid C3b Trustoe remuneration - detsils C4a Trustee expenses rK) e￿￿￿seS ￿Ere t￿￿1 to chanty tr￿1￿ Ihe tHKxI IIEn cri)ss this tx)x lother*ise complete Sect￿ 4bl N￿nber01 Irustees C4b Trust￿ expens•8 - detsils Balance outstanding at riod end amtyjffl (£1 Nature of relationship Nature of transaction C5 Transactions with trustees and connected person$ C6 Other infomiation OSCRTe•_IRC_2425. FLYI SENOING TO CLE￿T0 SI(￿ I P*Jle5 3 APPENDIX 2 OSCRTemplate_IRC_2425 - FOR SENDING TO CLIENT TO SIGN / Notes 4 December 2007 APPENDiX2 Invemess Rowing Club SC046612 Additional analysis (1) Analy5LS Qt receipts and payments Tothl Imt perlod w￿[Wj 815 11,859 875 17.859 11746 1.312 1,315 U161 1.312 1,315 21161 CAxne aKI Try 920 2 Grams perbjd T¢￿1 last yiod 5&135 n5 54130 T35 T35 54no perb)d TrAd l••t Frfriod 1,814 1.165 335 Rcw"r#J Tr31er F 4176 vcr￿1 T¢￿1 last PEriod 1.711 Ix¥J 535 561 1A55 6240 1.19) 1.142 19.7 OSCRT&mF4*_AC 2425. FCII SEN0I4G ToCLw￿ Tos￿￿￿￿￿￿(1) SC046612 Additional analysis121 5 Bieakdown of uniestiicted furKIs Tow Recelws 22.161 12,161 145•6 Lwac IW5 Gross Ir*iThJ rec*tts knccmefrcrfn mvesThents(thwtsw ¥KI tA*kn"r•Js Rer•s l￿d & tthjir Grc65 rec 4.176 36.751 Sub total 67.714 67.714 Recefjpts Trom as$el & *Nestment sale• Sub iotsl Paymems 12211 9mO Gtt¥ss tr*irw paytnats Payments re￿￿r￿j direcly 10 tharith 19,nS Prepar*on crt￿4 accojms L•Jal CL Sub total 29,638 29W6 F￿r¢hase5 offixg1 wets Purcha* (*inYestrnurtS 53M1 53,681 110.fj85 Sub totsl 53.611 110,685 lolalpawTrwJts 83J20 140220 11S606Tr 115.G06 {1•2,6￿) Transfer¥ to I lfvoml fund¥ 112.1331 Surykn$/(d￿C(tj 1Dry￿r 1114,8021 Nature and of ftsnd$ Pnmary swcecrffvrhts ¥e fees c*A• rar*fee5 r•J ty¥15th) c*Jb5 al Scrtknss main ¢55tJKe i¥wtrHI emts. APPENDIX 1 OSCR Period start date Month Year Apnl 2024 Period end date Month Year March 2025 Da From To 31 Scottish Charity Regulator Office of the Scottish Charity Regulator Reference and administration details Charity name Other names charity is known by Registered charity number Charity's principal address Invemess Rowing Club SC046612 Postcode IV38JN Names of the charity trustees on date of approval of Trustees. Annual Report Name of person (or body} entitled to appoint trustee (if any Trustee name Office (if any) not for whole year President Secretary Treasurer Trustee Trustee Trustee/Captain Sept 25 Board 10 11 12 13 14 15 16 17 18 19 20 APPENDIX 1 Reference and administration details Names of all other charity trustees during the period, if any. (for example, those who resigned part way through the financial period) Name Dates acted if not for vthole year Sept 25 Structure, governance and management Type of governing document Invemess Rowing Club is an incorporated association. It is govemed by its constitution that was adopted by the clubs members at the AGM on 22nd September 2022. The dub was granted charitable status by OSCR on 81h June 2016. Trustee recruitment and appointment Trustees are elected at the AGM which is nonnally held in April. Under the constrtution, there must be a minimum of four and a maximum of six elected trustees. The trustees may co-opt a further trustee from outside the membership if that trustee has particular skills or experience which could be of assistance. Objectives and activities Charitable purposes to promote the sport of Rowing and Sculling for all but primarily to people based in Inverness and the Su￿ound1ng area. To provide the organisation and management to support the development of rowing and sculling for all its members. To provide recreational and training facilities for its membeTS. To promote and maintain the highest standards of technical competence and safety in the sport, and To provide equal opportunities for successful participation by all sections of the communty. Summary of the main activities in relation to these objects Provision of boats and ancillary facilities {e.g. Boathouse and compound storage) to allow members to row and scull on the 7km stretch of water on the Caledonian Canal be￿een DOChga￿O¢h and Muirton. Coaching individuals and crews in rowing and sculling technique. Encourage and enable members to train and enter competitive regattas in Scotland and the UK and abroad. To provide a base for our school's outreach project to engage school age pupils to try the activity of rowing and to work with local charities to enable young disadvantaged people the opportunity to experience rowing. APPENDIX 1 Achievements and performance Summary of the main achievements of the charity during the financial period The club has purchased 10 new training boats through a charitable donation to provide safe training boats for our Outreach Project. Through securing a three year funding package from HRR we have been able to recruit a full time outreach officerlRowing Coach to provide sessions to schools both indoor and on the water. We have had over 300 people experience rowing for the first time in the 9 months this scheme has been running. We have engaged with all the secondary schools within 20 miles of the club and have been running programs wth them through their PE department and active schools co-ordinaters. We managed to source funding for 4 rowing machines to place into schools that didn't have any equipment. We have ongoing sessions for young carers and care experienced young people and have started working with young self-reliant asylum seekers. We have continued to provide Leam 2 Row sessions and have grown our membership base across both senior and junior levels. We continue lo operate of Scotland's largest rowing regattas in November and March. Financial review Brief statement of the charity's policy on reserves The club receives good funding through the events we hold each year and a growing membership has also aided our overall funds. We continue to adopt a prudent approach to cash retention in the event that one of our events needs to be cancelled due to weather. We have been successfijl in bringing in charitable funding to help us when purchasing equipment and paying caching costs for our Outreach program. Details of any deficit Donated facilities and services (if any) APPENDIX 1 Other optional information Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) QSCR will accep digital or type signatures Full namels) Position (e.g. Chair) President Date 11-12-2025