EXMOUTH ROWING CLUB
The club promotes community participation in healthy recreation by providing facilities for rowing on an amateur basis.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £3,370.23 for the year ended 31 December 2024, reducing its total cash reserves from £53,063 to £49,692.79. The trustees confirmed there are no concerns regarding the charity's ability to continue as a going concern and identified no significant potential financial risks.
What the accounts disclose
“Reserves held and annually increased in savings account for the eventual long term replacement of boats” — page 2
Trustees
- DAVID MCDERMOTT
- Raymond Mallett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £33k |
| 31/12/2023 | £41k | £32k |
| 31/12/2022 | £29k | £21k |
| 31/12/2021 | £22k | £28k |
| 31/12/2020 | £23k | £18k |
Common questions
Is EXMOUTH ROWING CLUB financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £3,370.23 for the year ended 31 December 2024, reducing its total cash reserves from £53,063 to £49,692.79. The trustees confirmed there are no concerns regarding the charity's ability to continue as a going concern and identified no significant potential financial risks. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 30/08/2013 | £50k | Boathouse Improvements |
| The National Lottery Community Fund | 16/02/2009 | £10k | Boat Fund |
| The National Lottery Community Fund | 20/09/2006 | £10k | Equipment Funding |