REGISTERED COMPANY NUMBER: 09290631 (England and Wales)

REGISTERED CHARITY NUMBER: 1165424

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

The Becket School Rowing Club Limited

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

10

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 31 August 2024. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principle activity of the Charity is to to promote the sport of rowing in Nottinghamshire and provide coaching and equipment for teaching rowing.

Significant activities

The club has ran several learn to rows, engaging local schools to offer places. The number of successful learners has been 21 with a continued membership of 35.

Public benefit

The Trustees have due regard to the guidance issued by the Charity Commission on public benefit.

FINANCIAL REVIEW

Financial position

Total incoming resources were £14,535 (2023: £10,690). After deducting expenditure of £13,899 (2023: £6,292) there was net income of £636 (2023: £4,398) for the year.

As at 31 August 2024, the Charity had total funds of £38,792 (2023: £38,156) all of which were unrestricted.

Reserves policy

We do not consider it necessary to retain significant reserves as ongoing operating costs are minimal and the Charity continues to achieve its objective of being able to run the club for junior rowing without incurring losses.

The Charity's aim is to continue providing club facilities through membership and capital purchases through donations.

Going concern

The Charity's only concern is being able to maintain membership numbers but it is working closely with other local charities to drive the numbers up.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09290631 (England and Wales)

Registered Charity number

1165424

Registered office

54 Moorbridge Lane

Stapleford

Nottingham

NG9 8GU

Trustees

S T Millett (resigned 1.8.25)

A J Barker (appointed 18.3.25)

A L Croydon (appointed 29.3.25)

Company Secretary

Approved by order of the board of trustees on 29 August 2025 and signed on its behalf by:

A J Barker - Trustee

31.8.24

31.8.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

10,300

2,716

Charitable activities

Memberships

4,235

6,860

Services

-

580

Race fee charges

-

534

Total

14,535

10,690

EXPENDITURE ON

Raising funds

370

358

Charitable activities

Hire of facilities

6,264

4,091

Other

7,265

1,843

Total

13,899

6,292

NET INCOME

636

4,398

RECONCILIATION OF FUNDS

Total funds brought forward

38,156

33,758

TOTAL FUNDS CARRIED FORWARD

38,792

38,156

31.8.24

31.8.23

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

5

25,361

30,266

CURRENT ASSETS

Stocks

6

1,642

1,642

Debtors

7

6,179

5,319

Cash at bank

10,600

5,918

18,421

12,879

CREDITORS

Amounts falling due within one year

8

(4,990

)

(4,989

)

NET CURRENT ASSETS

13,431

7,890

TOTAL ASSETS LESS CURRENT LIABILITIES

38,792

38,156

NET ASSETS

38,792

38,156

FUNDS

9

Unrestricted funds

38,792

38,156

TOTAL FUNDS

38,792

38,156

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 29 August 2025 and were signed on its behalf by:

A J Barker - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.24

31.8.23

£

£

Depreciation - owned assets

6,455

6,443

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2,716

Charitable activities

Memberships

6,860

Services

580

Race fee charges

534

Total

10,690

EXPENDITURE ON

Raising funds

358

Charitable activities

Hire of facilities

4,091

Other

1,843

Total

6,292

NET INCOME

4,398

RECONCILIATION OF FUNDS

Total funds brought forward

33,758

TOTAL FUNDS CARRIED FORWARD

38,156

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2023

65,518

Additions

1,550

At 31 August 2024

67,068

DEPRECIATION

At 1 September 2023

35,252

Charge for year

6,455

At 31 August 2024

41,707

NET BOOK VALUE

At 31 August 2024

25,361

At 31 August 2023

30,266

6.

STOCKS

31.8.24

31.8.23

£

£

Stocks

1,642

1,642

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

6,179

5,319

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade creditors

1,272

1,271

Other creditors

1,851

1,851

Accruals and deferred income

1,867

1,867

4,990

4,989

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

38,156

636

38,792

TOTAL FUNDS

38,156

636

38,792

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

14,535

(13,899

)

636

TOTAL FUNDS

14,535

(13,899

)

636

Comparatives for movement in funds

Net

movement

At

At 1.9.22

in funds

31.8.23

£

£

£

Unrestricted funds

General fund

33,758

4,398

38,156

TOTAL FUNDS

33,758

4,398

38,156

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

10,690

(6,292

)

4,398

TOTAL FUNDS

10,690

(6,292

)

4,398

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.22

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

33,758

5,034

38,792

TOTAL FUNDS

33,758

5,034

38,792

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

25,225

(20,191

)

5,034

TOTAL FUNDS

25,225

(20,191

)

5,034

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.