East Anglia Youth Rowing Ltd

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities (including Income and Expenditure Account)	4
Balance Sheet	5
Notes to the Financial Statements	6—10

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

East Anglia Youth Rowing’s mission is to expand access to rowing for young people from disadvantaged and underrepresented backgrounds by delivering sustainable, school centred programmes that open a clear pathway from first exposure, through rowing at the school, to full participation in club rowing.

EAYR partners with local rowing clubs, school staff, and trained coaches (paid and volunteer) to provide a capital light, scalable model that embeds rowing within schools and enables long term community ownership. The program includes indoor rowing, learn-to-row, summer rowing camps, and an inter-school competitive element. EAYR also supports finding finance to support these programs once they become developed, whether that is self-funding from the school, local charities, or external commercial sponsorships.

Rowing teaches resilience, teamwork, discipline, and determination—values that extend far beyond the water. We believe that every young person deserves the opportunity to experience these benefits, regardless of their circumstances.

Public Benefit

Overall, the 2024/25 academic year marked our busiest and most impactful yet as we engaged with 2,815 young people through events and courses across Cambridge, Norfolk, and Suffolk. 240 of our students have completed the basic on-water learn to row course and around 30 of our students are expected to continue with the sport by joining local rowing clubs this year. Both students and educators reported increased enthusiasm and engagement, with student-led coaching model fostering ownership, motivation, and development of leadership skills.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Reference and Administrative Details

Trustees

Mr Samuel Luke

Mr Anthony Nelder

Mr Sebastian Walker

Charity Number

1211284

Company Number

14063804

Independent Examiner

John Leighton FCA

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East Anglia Youth Rowing Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Samuel Luke

Trustee

26/05/2026

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East Anglia Youth Rowing Ltd

Independent Examiner's Report to the Trustees of East Anglia Youth Rowing Ltd

For The Year Ended 31 August 2025

Independent Examiner's Report to the Trustees of East Anglia Youth Rowing Ltd

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

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

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I 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 accounts to be reached.

John Leighton FCA

26/05/2026

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East Anglia Youth Rowing Ltd

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	53,901	92,495

EXPENDITURE ON:
Raising funds	5	(27,730 )	(99,388 )

NET INCOME/(EXPENDITURE)		26,171	(6,893 )


NET MOVEMENT IN FUNDS		26,171	(6,893 )
RECONCILIATION OF FUNDS:
Total funds brought forward		(3,161 )	3,732

TOTAL FUNDS CARRIED FORWARD	13	23,010	(3,161 )

The notes on pages 6 to 9 form part of these financial statements.

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East Anglia Youth Rowing Ltd

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
CURRENT ASSETS
Debtors	10	844	2,563
Cash at bank and in hand		23,319	34,295

		24,163	36,858
Creditors: Amounts Falling Due Within One Year	11	(1,153 )	(40,019 )

NET CURRENT ASSETS (LIABILITIES)		23,010	(3,161 )

TOTAL ASSETS LESS CURRENT LIABILITIES		23,010	(3,161 )

NET ASSETS/(LIABILITIES)		23,010	(3,161 )

FUNDS OF THE CHARITY
Unrestricted Funds		23,010	(3,161 )

TOTAL FUNDS	13	23,010	(3,161 )

For the year ending 31 August 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Mr Samuel Luke

Trustee

26/05/2026

The notes on pages 6 to 9 form part of these financial statements.

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East Anglia Youth Rowing Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

East Anglia Youth Rowing Ltd is a company limited by guarantee, incorporated in England & Wales, registered number 14063804 and registered charity number 1211284 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Funding for the charity comes primarily from charitable donations. The Charity is especially indebted to the Henley Royal Regatta Charitable Trust who have provided a significant amount of the funding for this year.

2.3. Resources Expended

The charity operates an asset light model and does not own any equipment such as boats, relying on the use of local rowing clubs.

66% of the organisations costs are spent on salaries, 25% on paid coaches and events such as summer schools. The remaining 9% is spent on administration including insurance. The charity also relies on effort from its trustees (who are unpaid) and volunteer coaches who help run the various activities throughout the year.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	53,901	92,495

4. Income from Charitable Activities

Grants, included above, are as follows:

A grant received on 26-03-2024 of £30,000 remains designated as unrestricted fund being held for future charitable activities.

5. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 6 )	Total
	£	£	£
Raising funds	12,009	15,721	27,730

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East Anglia Youth Rowing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

			2024
	Activities undertaken directly	Support costs (see note 6 )	Total
	£	£	£
Raising funds	47,727	51,661	99,388

6. Support Costs

	2025
	Raising funds
	£
Employee costs	22,697
General administration	(6,976)

	15,721

	2024
	Raising funds
	£
Employee costs	32,898
General administration	18,763

	51,661

7. Independent Examiner's Remuneration

No remuneration is paid to the Independent Examiner.

8. Staff Costs

Staff costs were as follows:

	2025	2024 as restated
	£	£
Wages and salaries	20,390	31,855
Social security costs	1,889	-
Other pension costs	334	993

	22,613	32,848

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

9. Average Number of Employees

Average number of employees during the year was: 1 (2024: 2)

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East Anglia Youth Rowing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	-	1,150
Other debtors	844	1,413

	844	2,563

11. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	227	-
Other creditors	26	2,567
Accruals and deferred income	900	37,452

	1,153	40,019

12. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £334 (2024: £993).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

13. Movement in Funds

	As at 1 September 2024	Income	Expenditure	As at 31 August 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	(3,161 )	53,901	(27,730 )	23,010


Total funds	(3,161 )	53,901	(27,730 )	23,010

	As at 1 September 2023	Income	Expenditure	As at 31 August 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	3,732	92,495	(99,388 )	(3,161 )


Total funds	3,732	92,495	(99,388 )	(3,161 )

14. Transactions with Trustees

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East Anglia Youth Rowing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

15. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

16. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

17. Additional note

The company became a registered charity during the year and the financial statements are now prepared in accordance with the Charities SORP. Comparative figures have been reclassified where necessary.

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East Anglia Youth Rowing Ltd

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations from organisations	53,901	92,495

	53,901	92,495


	53,901	92,495
EXPENDITURE ON:
Raising funds
Purchases	(16,114)	(47,727)
Session Coaches	(13,503)	-
Event Costs	(1,853)	-
Rowing Equipment	19,461	-
Wages and salaries	(20,390)	(31,855)
Employers NI	(1,889)	-
Employers pensions - defined contributions scheme	(334)	(993)
Staff training	(84)	(50)
Computer software costs	(1,935)	(1,754)
Insurance	(1,678)	(1,816)
Printing, postage and stationery	(625)	(631)
Advertising and marketing costs	12,384	(12,384)
Accountancy fees	(960)	(828)
Legal fees	(69)	-
Consultancy fees	-	(1,250)
Bank charges	(26)	-
Other office costs	-	(100)
Entertaining	(115)	-

	(27,730)	(99,388)

	(27,730)	(99,388)

NET INCOME/(EXPENDITURE)	26,171	(6,893)

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