Charity roglstratlon number SC047947 (Scotland) ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
ORKNEY ROWING CLUB (A ScosH CHARITABLE INCORPORATED ORGANISATION} LEGALAND ADMINISTRATIVE INFORMATION TNstees (Appointed 27 June 20241 IApwinlÈd 25 IAarch 20241 (Appolnled 25 March 20241 (Appolnted 27 June 20241 Charity nurnb¢r SC047947 Independent examin•r AJ.B. Schdes Ltd 8AJbart Street Klrkwall Orkney KW15 1HP BBnkerJ Bank Df ScotEand 56 Albert Street Irkwall Orkney KW15 1HJ
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) CONTENTS Page Committee Mamb8rs' report Independent examinerfs report statement of financial acttvitles Balance sheet Notes to thè financial statements 8-13
ORKNEY ROWING CLUB {A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) COMMIThEE MEMBERS, REPORT FOR THE YEAR ENDED 28 FEBRUAR Y 2025 The Iru818es present thBlr annuBI report and fin8ncial stslemerbt5 for the year ended 28 February 2025. The ac¢ounls have baen prepared in aC)rdance with the a¢counting policies set out in note 1 to Ihe accounts and comply with Me charity's written conslilullon. the Chari1195 and Tru51ee Investment (Scollandl Act 2005, the Charilles Accounts Iscouandl Regulations 2006 {as amended) and "Accounting and Reporti119 by Charities.. Statement of Reconended Practice apICable lo eharities Preparing their accounts In accordance wrylh the Flnandal Reporting Standard applicable in the UK and RepubliG Df Ireland IFRS 1021. las amended for accountin9 periods commenclng frotll 1 January 2019) Objective$ and )¢tiviti¢¥ The ¢haritls objects are lo advance publio participatson in the sport of rowing In Orkney for bolh cornpetitwe and r8crgatioral purposes, to maintain the highast standards of Safety and technical competence within the sport and lo oiganise ereStiOnS1 activities assoclated wlth rowing to Imprtsvè the ¢ondilions of life of Orkney rèsldents and visitors. Achievements and performance FollowrKJ the AGM on 25th March 2024 the MMittee formulated a development plan for 202412025. 1113 8180 Ic* be noted that 2024 marked 10 year3 sin the dub5 inception, a g¢1 together for club members past arnd prosont was uk on the 26th October with a good meal , many laughs and party games. Many thanks have to 90 10 r baking the anniversary cake. Membership fees have increased to £40 for senior rowers (aged 18 years and overl and £20 for junior rowers (under 18'sl and £2.SCI per row. Thank you all for eonllnulng to support the elub as wè wlll need lo be mindful of our financ85 go5ng fcyward. Following tonight's AGM tha newly formed commlttee wlll meet to dlscuss membèrsvmp fèe5 etc. We continue to use the new onllne payments system whlch Is worklng well. I boats are on a rolling m8intenanc& pro9ramrn8 with thg most used or most in need of touch up or paIr belng prioritised. M8mb8r5 ar8 8ncoura98d to hglp with this to hglp grow their knod9. Members are encouraged to purchase their own lifejackets, bul a few club ones are available for try a row and opon day use, these were checked last yaar and any that didn't pass have been cable tled together. Walkla Talkl@s ara to contlnue to b8 usèd as th8 comrnun1tl0n devlce for boat-lo-tsoal chatting. They have a 10K dear radius. The VHF'S are for emergency use or rowing regatta5 only. Maintenance channel on Slack has beon sel up as a fomi of OjmrnuniIIQn lo let the members know how things ar9 progressing thu$ avoidin9 jobs bein9 done I, aLg0 as a Mea of Instruction as to what tasks 8r8 n8edlng done. Unfortunately due to a deterioratlon or the wood on R£nansay the boat MAII requlre major rènovatlons lo bring It back to a useable conditlon. A dedslon wlll have to be made by the new Commlttee Ir it Is worth doing Lhls or If th8 boat should be disposed ol. Develo new shod The condillr)n of the shed Is det8rloral(ng, and wa ara currantly unsure If11 wlll be avallablè for much longer due to thp slte being redeveloped by Orkney 8uildet5 who have been Gonducting excavation5 for lesl Orkney Rowing applied for and was successful in securing CLLD grant funding to conduct a feasibiliiy study into the slting 2nd (x)nstructior) of a purpose built shed at Hatslon. The full proposal for Ihls is scheduled lo be submitted to the Orkney Islands Council by the end of March 8nd the redundant Hydrogen Tefilling station has been Identified as our preferred lucalion. Rowin There is a weekly rowing shout out rola Sn place and each member of the cornmittee take lurns on the rollin9 Iota. This appears to an effective tool and feedback from the committee says il is wotking well. This system will continue going forward.
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPOFIATED ORGANISATION} COMMIThEE MEMBERS. REPORT {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Anyone who wlshes to try a row ar8 Included In 8 weekend row, they are 8llowed 2 rows before askin9 If they would like lo join. Cost of each row 18 now £2.50, members rereive a notlfication on Slack (from when 5 rows hava been complat8d. Payment for rows conllnue to be made by BACS, reduong the need lor cash payments. No full m8mberships aro tskEn out from November to March. Instead, we ask that any potential new rneberS during this lime pay £3 per row. 11 is then anticip31ad that a full membership will ba taken out in the new mgmbership year. Continu& to develo unlor rowin Junity rowng has now been integrated Into the maln sooal rows at the weekend. We would like lo encourage any 15-18 year olds to attend as this would be the fvtL¢re of our Glub Blg tharths to PVG holders for continuing to support the junior rob%trs. Continue to develo rowin and cox skllls We are all working hard lo support thè club. TTrinlng nighis are run, ere anyone interestad In mce rowng get more intense sesslon5 nITed around fitness and rac8 craft. this helps boost the member's confidence. For tha social rowing and coxlng we encourage new coxes lo have a Shot when some experienced rowers are on board lo help th&m lèxm the skills. Yoal Oue to the commltmenls of holding our own Sknff regatta in Jun8 and the low inl•r8St from Sheland Te8m8 the Yoal regatta was not held. Skiff R Orkney Rowing Club held thèlr 3rd St Ayles Sklff Regatta at Scapa Beach on Saturday 15th of June, with Golspie t8klng home the trophy this year. Four t8ams attended from the mainland for the regatta this year.. Burghhead. FlndhoTn. Golsple and Port Seaton and Gockenzie. Results for the races warg as follows- 50+ Womgri 50+ Men 40+ Mixed 50+ Mixed Open Women Open Men 40+ Women 40+ Men Open Mlxed Under 18 mlxed 230 Mixed 1st Golspi8 2r Orkney 3Fd Burghhead. 1st Golspie 2r Orknèy 3rd Port Soaton 1sI Golspie 2r Orkney Port Sealon 11l Golspie Orkney Port Seaton 16t Orkney Golspi8 dROW 1d Golspl8 2j Port Seaton 3 Orkney 1 Ort<ney 2r4 Golsple 3rd Port Sealon 1st Orkney 2nd Golsple 3rd Port Seaton 1st Gtslspie 2nd Port Sealon 3rd Orkney Orkney 2nd Go15pie 1st Port Seaton 2nd Orkney 3rd Golspie Awa events Castle to Crane 7th September 2024 14 Club members compete(l in a raca from Dumbarton Castle to the Finneslon Cran8 In Glas Cl de in warm EDnditicns r Freya. The Open Women's crew cam8 3rd In their cale and 15th overall o ney e 50+ women carne 3rd in thelr category and warè p Yoal Spangalang in the Doublè S¢ull, 3 or less category, our crew of COXwon their category and were placed 2nd ov8rdll. Exc Ihanks lo NorthLlnk Fèrrles sponsorshlp to getthe 3 boats therè and baok. 13 miles u the and Ex lore fundraisin ortunlti club and nomin8t8d charities Vinlage Rally- we helped out by mannlng Iha carpark, the road closeil slgns and b.ekel booths on 310 and 4th of ALtgust. For this we received 8n excellenl sum of £2000, Ihanks to the Vlnlage Club for IhSs great donation.
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) COMMITTEE MEMBERS. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Th¢ club altended the RNLI open day in Kirkwsll on 1st June 2024 and the RNLI open day in Kirkwall on 30th Jun8 2024 with Ihe Gazebo and try 8 w set up at both events. This generated Int¢r¢st for the dub wlth some sales of dub merchandlse generating a blt ol income at the same lime. The Double D's- club members carried out a ¢h8rity row on the 22123 November setting a new world record for a continuous row on a concept 2 machinp for their age group. Thèir tlme was 34hours 34mlns 34seconds beating the old rècard by 10 hour5 congratulations lo them on beating the record. They donated sum of £2.117.00 lo Ihè dub, a fanlasilc sum. which we aTe very thankful for. An Orf(ney Rowlng club Quiz night was held an 17th January 2025 in the Gimel. Thts raised a sum of £530.00 A $1811 was manned at the KGS Christmas Fair on 16th 17kn November at which £164 was ralsed from stall and raffk money We also received sportsorshSp frcffl NorthLink which a$3lsled wth travel lo Ca811e lo Crane Porti nd at H831on sli We have acquired a porknon of land nexlto the sailing ¢KJb compound lo create our own place to have our boat next lo tha sllp. At the moment this land Is gattln9 cleared, #lbèil very slovAy. Otheractivitles SlackActivities Slad( has rgmalned th8 main ¢ommunlcation tool for the elub and enables us lo arrdnoè all our club fvnclions. Commltt8e The committee have continued lo work In the background, holding regular mèetlngs to manage any pendlng affalrs pertaining to thg functions of the dub. Eaeth mernber of the commlttee has dèlegatad responsibilitie5 whtch enables the club fvnclions lo be allocated fairfy. In Gonduslon, the Club continues lo remain 8trong wlth members grngaging through communication app 'Slgck'. rogulartraining ¥ession5 throughout the year and atlendance at competitive events. I would like to thank the club and thè committee for all thèir help and support ovér the18St yèar. and hopefully we have managed lo move things along a bil In lemis of getting a permi lub with our own lacili1Ses, I wish the club wo11 for the (ulure year ahead. I wish my SUC($S0r I the very best for Ihe year ahead. Flmanclal rovigw Incoming resources in the year tot8118d £15,976 12024.. £8.3161. Resources expend@d In the year totalled £13,47512a24: £11,478). Th? ¢haritys funds at tho balance she9t date lotalled £46,690 12024.. È44.1891. Including fixed assets with a b(x)k value of £20,46912024'. £23.876I. It is th8 policy of the ch8rlty that unTestrfcted which have not been designated for a specific use sfvould be maintsined al a levd equivalent lo between three and 8ix month'¥ ¢xpendlture. The trustees ¢ansldar that serVeS 81 thi3 l¢vel will ensure that, in tha avenl of a Signifiant drop In funding, eY will be able to continue the charity'5 curfent aclivities while considaration is given lo ways In whlch additional funds may be ralsed. This level of reserve3 has been malnlained throughout the year. The tru5teas have assessed thè malor risks lo which Ihe chgrity is exposed, and are satisfied that systems are in place to rnitigate exposure to the major risks. Struetur81 govomance and manag•m8nt The charily is a regislèred Scottish ChaTitabl8 Incorporated Organis8tlon ISCIO), govemed by a written ¢onstiluts"on. The charity was registered on 23 November 2017.
ORKNEY ROWING CLUB {A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) COMMITTEE MEMBERS. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The trustees whD $8rved during Iha yaar and up io the date of signatuie of th& financlal statem8nls were". IpOinted 27 June 2024) IResigned 25 March 20241 IResigned 22 January 20251 IpOInted 2S March 2024) (Appointed 25 March 2024) {pOInted 25 Maich 2024 and resigned 27 June 20241 (Reslgne¢J 25 March 20241 (Reslgned 25 March 20241 (Appointed 27 June 2024) A minimum of four tru*ees are elecled from the membership al th8Arbnual Gener81 Meellng and $eNe for a temi of two years. A managetnent eommiit99 of no more than eleven members man8ge3 the busines5 uf the Associallon. All commlttee mernbers aro ol&ct8d 81 the AGM and 5erv8 until the followng AGM. In the 8V8nt of a vac8nGy beiween AGM'8 a new o)mmitte¢ ember may be co-opted lo serve for the refflaindgl of the lern. The commIttee mérnbers, report was apProvj by the Boaffl ofTtustees. omrni Om Oate..
ORKNEY ROWING CLUB (A scorrisH CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ORKNEY ROWING CLU I report on the financial statements of the ¢h8rity for the year ended 28 February 2025, which are set out on page5 6 10 13. Re¥pective responslbllltlgs of twstees and examiner The charity's trusl¢¥s are responsible for the preparation of the financial statemen15 in accordarce wlth the lerrn5 of thè Charit19s and Trustee Investrnents (Scolland} Act 2005 and the Chartties Accounts (Scotlandl Regulation5 2006. Th8 charity& Irustees consider that Iha audit requlrernenl of R89ulalion 10111{al lo Ic) of the 2006 Accounts Regulations doès not apply. It is my respDnsibility lo &xamlne the financial statements as r&4ulr8d under section 44111{cl of thoArt 4nd lo stale whether partlcular matter5 have Gome lo my attentN. Basis of independent oxaminer's statement My examination 18 carried out in accordance with Regulation 11 of the 2006 Acctsunls RegulalN)ns. An examination includes a review of tha accounting records kept by the charity and a comparison of the financial statements presented wlth those records. It also Includes consideration of any unusual items {* disttlosures in the financial statements, and seeks exFAanalions from the Iruslees c£Jncemlng any such matters. The ProdureS undertaken do not provide all the evidence that would be required in an 8udlt and con3equenlly I do not eye$$ an audit opInn on the view given by the financiJ statsmenls. Indèpendènt èxaminerfs ststernent In connection with my axaminatlon. no matter has corne lo my attention: la) which gives me reasonable cause lo bolieva that In any material rèspect Ihe requirements: to keep actt)untin9 récords in accordan wth section 44111 (al of the 2005 Act and Rggulalion 4 of the 2006 Accoun15 Regulations- and Oll lo prepare ffnandal statements whieh accord with thè aeeountlng records and compty wllh Rogulglion 8 ofthe 2006Aoynts Re9ulats'ons', have not been met or Ib) to whi¢h, in my opinit, attention should be drawn in order to enable a proper underslandin9 of the financial slalemenls lo be reached. Chartered Certified Accountanl Independent Examiner Dated: 04
ORKNEY ROWING CLUB (A scorrisH CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Unr¥stricted Unrestrfeted funds funds 2025 2024 Notes Income and endow nts from.. Donations and membership fees Charitable activitles Other trading activitiÈs Other incomè 1,865 5.724 7,637 750 5,220 1,356 1.740 Total income 15,976 8.316 ndlture on: Raising funds Charitable activilles 628 12,847 1,492 9.986 Totsl resources expended 13.475 11,478 Nèt in¢omellexpenditural for th• y•arl Net movement in fvnds 2,501 13.1621 Fund balantss at 1 March 2024 44.189 47.351 Fund balan¢¢s at 28 Fgbruary 2025 46,690 44.189 The statement of financial activities includes all gains and losses recognised in the year. The slal8m8nt of finan¢i81 actlvitses indudes all gains and losses recognlsed In the year. All Incomo and expendllure derive from contlnulng a¢tivitie8.
ORKNEY ROWING CLUB (A SCOThISH CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEEr AS AT 28 FEBRUARY 2025 2025 2024 Notes Fixed assets Tanglble asseis 12 20,469 23,876 Current asse1$ Slocks Debtors Cash at bank and In halld 13 14 972 264 29,295 254 20,539 30.521 20,793 Creditors- amounts falling due wlthln onè y•ar 15 14.3WI 1480} Not CUbT•nt a#$ots 26.221 20,313 Total assets 1•55 current liabilili8s 46,690 44,189 Net assets •x¢luding penslon Ilabilty 46,690 44,189 The fvnds of the ¢harfty Unrè8trl¢tad funds 46,690 44.189 46,690 44,189 were approvgd by the Irustgos on ...........-.-.-......... Commlttee Member
ORKNEY ROWING CLUB {A SCOThISH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 AOUntIng poll¢le$ Charity Infomiation Orkn8y Rowing Club is 0 registed Scothsh Ch8ritable Incorpordled Organlsation, govemed by a written constitution. 1.1 A¢¢ountlng convèntlon The ffnanclal statements have begn prepared in accord8n(* with the charitvs constitution, lh8 Charitles and Trustee Investrn8nt (Scotlandl Act 200S. the Charities Accounts {Scoilandl Regulations 2006 las amended} and "Accountlng and Reporting by Charities.. Stat8m8nl of Recomm8nd8d Practice applicable to charitles preparing their accounts in accordance wSth th8 Financial Reporting Stand8rd applicable in thè UK and Republic of Ireland IFRS 1021. las arnended for accounting periods comm¥n¢ing from 1 January 2019). The charity Is a Publlc Benefit Entity as defined by FRS 102. The charity has taken advantsga of thè provisions in tha SORP for charili8s applylng FRS 102 Updale Bullglin 1 not to prepare a Statement of Cash Flows. The financlal statements a prepared in stetling. whlch is th8 functional currency of the charity. Monatary amunts in these financial statamgnts are rounded lo the nearesl £. The financial slalements have been prepared under the historlcal cost convention. The princSpal accounting t)olicies adopted are set out b$l<)w. 1.2 Going concarn At th& tim8 of approving the financial statements. the Irusta8s have a reasonable expactation that the charity has adequate resoure8S to continue in operational exist8nfje for the foreseeabl& fulure. Thus the Iruslees onbnuo lo adopt the going concem basis of accounting in preparing the financial ststoments. 1.3 Charitable funds Unrestricted funds are available lor use at the discrètton of the Iruslees in furthera of their charflable oblecttves. 1.4 Ineamlng re$ouvces Income is recognlsed when the charity is legally entiued lo it after any pgrformance conditlon5 have been met, the amounts can bg measured reliably, and il is probable that income will be received. Cosh donatlOll5 are recogni5ed on r8c£lpt. other donatlowls are Tecognis8d once Ihe charity ha5 begn notified of the donallon, unle55 performan conditions r9quiKe d8feTral of the amount. Income tax recoverable in relation tr) donallons received under GKt Ald or dotsds of covenant is recognised 8t the lirne of the donation. Income from fundraislng activities is measured al the fair value of the conslderatlon received or recelvable arKI represents amounts 1¥abl8 for goods and services provlded In the normal course of business. The value of servlces provlded by volunteers has not been Ineluded. 1.5 Resoureès èxpended Expondéture is r8DJgnised on an accruals basis as a liability is InCurd, and includes any VAT whlch ¢annol be r8covered. Expandlturè on charitable activilles comprfses thosè costs incurred in th8 dèlivery of the charity's activities and sÈrvice5 for its benefi&ariès. It Indudes bolh costs that can ba allocatéd directly lo such a¢llvili88 and those Costs of an indirect nature nec8ssary tts Support them.
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Aecounling policies Icontinuedl 1.6 Tanglble fixed ass¢ts Tangible fixed assets are initially measurad al cost and subsequently rne8sured al cost or valuation. nel of depreclalion and any impairment losses. Depreclalion is CogniSed so 85 to write oll the cost of asseis less thelr resldual values over thèir useful lives on the following bases.. Plant and equlpment 10%- 20% reducing balanca basls The gain or loss arising on the disposal of an asset is detemiined as the difference betwetrn the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activit6è$. 1.7 Impainnent of Ilx•d assets Al 98¢h reporling end date, the charity revSews th8 carrying amounts of its tanglble assets lo detemine whether the Is any indication that th03e assets hav8 suffered an impairment loss. If any such indication exists, the ¥gverable amount of ¢hg asset is estimated In order lo determine the extent of the impairment Ioss lrfanyl. 1.8 Stocks Stocks are Stated ¥1 the lower of cost and estimated selling prlce. Cost comprises direct materials and. where applicable. overheads that have bean incurred in bringing thè slocks to their present location and condltion. 1.9 Cash and eash Èquivalents Cash and cash equivalents induda cash in hand and depo$lts held at call wilh banks. 1.10 Financial instruments The Charity has elected lo apply the provisions of SeGtlon 11 'B8sic Financlal Instruments. of FRS 102 to al of Its financial inslrumenls. Financial instrumen15 are recognlsed in the charity's balBn¢e sheet when the ¢h¥rty becomes party to the contractual provisions of the InstnJm8nt. Financial assets and liabilities are offs&t, with the nel amounts pre$gnled in the financlal 81atements. when there Is a legalty enforceable right lo set off (he rerfrognised amounts and there is an Int&ntion to settle on a net b8sls or to r&alis¥ the asset and setue the liability slmultangously. Bè$1¢ financial ass•ts Basic financial assets. which indude debtors and cash and bank b81ances. are Initially rneasured at transactton price Includlng Iran8aclion costs and are subsequently carried al amortisgd cost using the effective interest method unless th8 arrangement conslilutes a financing transaction, where the transaction 13 measured al th8 present value of the future receipts discounted al a market rala of interest. Flnancial assets classified as receivable within onè y88r are not amortlsed. Baslc flnancial 118bllfties 8asSc financial liabi1S1ies, indudlng creditors are initlally reeognised al transaction price. Flnancial liabilities classified as payab18 within one year are not amortised. Debt inslrum8nts 8re subsequenuy carrigd al amortlsed ¢osL using the effectlve interest rale method. Trade credit$ are obligations to pay for goods or seNlces that have been acquir8d in the ordinary course of operalM?ns from suppli8r5. Arnounts payab18 are classified as ¢urrenl liabilities If payrnent is due within one year or less. If not, they are presented as ntsn-current liabilities. Trade creditors are recognisad initially al tran58Ction price and subsequenuy measured at amortised cosl uslng the $ffe¢live Interest method.
ORKNEY ROWING CLUB (A scorrisH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 A¢¢ounting policie¥ (Continuodl Darecognition of financial liabilllits Financial 118bililies are dtrrecognised when the charSty's contractU81 obllgations expire or are discharged or cancelled. CrlttC81 accounting estimates and judgements In the application of the charily's accounting policies, the tmslees are raquired to mak8 judgements. aslima¢es and assumptlons about the carrying amount of assets and Ilabililies that ar8 not readlly apparent from other sources. The estimates and assoclated a5sumplSons are based on historical expÉrien¢8 and other factors that a considered to be relevant. Actual results may dlffer from these eSmte3. The eslimales and underlying assumplK)ns are ¥eviewed on an ongoing basls. Revisions to aeeounting eslimales are recogn5sed in the perlod in which the estimate is revised where the revision affects only that period, or in the period of the revlslon and future periods where the revlslon affects both current and future periods. Donations and membèryship fe85 2025 2024 Donations and glfts Membership fees 10S 1,760 3.630 1,590 1,865 5,220 Donations and glfts Incoma from other donallons 105 3.630 105 3.630 Charltable activities 2025 2024 Income received for rowing sessions, marquee hire, prtnts and mgrchandlse 5.724 1.356 Other trading activ5tl•s 2025 2024 Income from fundrnlsing avenls 7,637 1,740 10-
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Other Incom• 2025 2024 Net gain on disposal of tangible fixed assets 750 Raising funds 2025 2024 Fundraisin and ublicl Other fundraising costs 628 1.492 Charltabl• a¢tivlties 2025 2024 Dèpreciation and impalmènt Other adminislralive expens¢s 3.157 9,690 3.971 6,015 12,847 9,986 Trustees Non8 of the truste85 lor any persons connected with them) received any remungr4tlon or benefits from the harity during the year. 10 Employees The avwage ThnthlY number of employee5 during the year was: 2025 Number 2024 Number Total There were no èmployees whose annual rernuneration was more than £60,000. 11 Taxation The Charity is exempt from toxalion as all its activities are ¢haiitabl8 and all income is applied for choritsble purpose5.
ORKNEY ROWING CLUB (A SCOThISH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 12 Tangible fixad assets Plant and equipmont Cost Al 1 March 2024 Disposals 58,035 11,000) At 28 Febru8ry 2025 57.035 Dèpreciatlon and Impairment M 1 March 2024 Deweciation charged in Ihe year Ellminated in respect of disposals 34,159 3.157 1750 At 28 February 2025 36,S66 Carrylng amount At 28 Fgbruary 2025 20,469 Al 29 Febnjary 2024 23.876 13 Stock$ 2025 2024 Finished goods and goods for resale 972 14 D¢btors 2025 2024 Amounts falling due wlthln one year= Prepaym&nts and arUed incomo 254 254 15 Cr•ditor$- amounts falllng due within ong year 2025 2024 Accruals and deferred Inme 4.3fJ) 480 12-
ORKNEY ROWING CLUB (A SCOTTISH CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 16 Operating le&8e commltrnenls Lessee At the reporting end date th8 charity had outslandlng commilmants lor future minimum18a8e paym8nth under non-cancellable operatlng lease5, which fall due as follow8- 2025 2024 Within one year Beeen two and five y8ar8 In overfive year5 550 2.200 7,425 550 2,200 7,700 10,175 10.450 17 Related party tran8actions There werè no disclosablè related paty transactions during the year. 13-