Re8iStered company number: 03650377 (England and Wales} Registered charity number.. 1073048 ReFK)rt of the Tr￿Ste¢S and Unaudiied Financi￿ Statements for the year ended 31 (ktober 2025 for The Rona Trust Tbe Rolla Trust Contents of the Fillallcial Statements for the year ended 31 October 2025 Page Report of the Trusiees Independeni Examinels Report S￿erne￿t of FRnancial Activili Balance Sheet Note5 to the Financtal Statements The Rona Trust Report of ¢he Trustees for Ibe year ended 31 (ktober 2025 The ttustees, who are also director% of the charity for the purposes of the Companies Act 2006, present their report with the fllwicial ststcments of the charity for the year ended 31 Ottober 2025. The In]￿¢¢$ have adopted the provisions of the Charities SNemeni of Recommended Practice (SORP) "Accounting and Reporting by Charities" effectiv¢ j￿Uary 2019. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Nurnber 03650377 (England and Wales) Rfgistsred Ch4rity Ntsmber 1073048 Registered Office Unit la Universal Marina Sarisbury Grttn Southampton Hampshire S0317ZN Tru$t¢es William Whitchouse•Vaux {ChaiTnwi) Alan Richardson Andrew Searle Andrew Wright Becky Shaw Christopher Beane Christopher Matthews Claire Cleaver Duncan Farrani Giles Thorley William Heathco* Amory Dawn Bishop (resi￿￿ 28111125) Company Sef relary Sarah Woodrnan Independent Examiner Jonathan Bardolph ACA, FCCA. BFP 1st Floor. Unit 12 Compass Point Ensign Way Hambl¢ Southampton Hampshir¢ S0314RA The Rona Tru81 Report of tbe T￿￿te¢S for ihe year ended 31 Oetober 2025 Bankers Lloyds Bank plc 43 West Strtti Fareha Hampshir¢ P016 7FJ Flagstone Investsnent Group 1st Floor Clareville House 2&27 Oxett(kn Str London SWIY4EL The Rona Trnst Report of the Trustees for tbe year ended 31 October 2025 ACTIVITIES AND OBJECTIVES FOR THE PUBLIC BENEFIT The Rona Trust 15 a charity that owates three large sail training )8thts under the Dame of the Rona SaÉling Proje¢L The Righi Honourabl¢ Derick Heath¢￿ Amory, Viscount Amory. sthrted the dthrity to provide opportunities through sail training for young people io dtvtlop a sense ofr¢sw)nsibiltty. resourcefulthess and tramw0￿ that will help them thr(pughout Ih¢ir lives. These original aim5 remain relevanL and the charity Conlinues ￿ have a yJb5tantid and benefjciaj impaci on the many yourtg people sail with IL While the original ethos remains un¢hangel this objectiv¢ h&8 been extended to r*4)ple with phystcaL seosory or learning disabilities. to those overcoming physic￿ or Ment￿ h￿th i&%ue5 and those in treatm•Ji aod r¢rov¢ry from drug 8JLd alcohol addiaion. Sahl traiThing h&8 provtd ￿ be equally beneficial io people f¥ing thae d￿lenge5. The TnLStees ¢onfJnn that they have referred trp the guidance ￿VeTh by ¢he Charity Commission￿5 on public ben¢fit when reviewing tht charity's aiN]s and objttiives al￿ when planThing future adivitie5. GOVERNING DOCUMENr The charity w&8 initsally fonned &8 a privatr chan"tsbl¢ v¢nh5T¢ in (then known as the London Sailing Projccil and for[naJis￿ &8 a ¢haritabl¢ settietJJ¢nt on ]* July 1961. The Rona Tnw was r]nt regi51¢rd &s acharity on IM Decemb¢r 1966 and bec4me a company limit￿ by guaron¢ee on 1st November 1998. (charity number.. 10730481. GOVERNANCE AND MANACEMENr The work of th¢ charity is oversttn and monitorcd by a board of Trustets. None of the TtU5t¢e5 any benefjcial interest in the eompany and ail give their servi¢¢s on a volunthry basis. All the Tnst¢¢5 ar¢ m¢mlxrs of the company and guarant¢¢ to contribute £1 in the eveni of the company being wound up. TnJste¢s are regularly briefed on their le8al ¢)bligaiions and IreqL*oIty med key employees and other Tn￿lee5. They are provided with management accounts. bw8it)¢ss plarL-Tr and relewit governance documenwon. The operation5 of the ¢lwity are overseen by the Proj￿ Dir¢cts)r who is siipp)rted by ateam olfour administr•ive and technical stsff. The Proje¢1 Dir¢ctor re8uiarly co￿￿1￿ with th¢ T￿￿e¢S and seeks theirapproval tsn key 5rrategic and operdtional issues. The charity is very fornLn* to have the servi¢cs of more than 300 skilled and enth￿1￿1¢ volunteer5. The volunteers njt) th¢ voyage4 help to mainthin th¢ yachts aThd ¢ontrtbute ts) the suc￿$5 ofthe charity in many other ways. RISK MANACEMENT The charity re￿gniSeS that there are inherent risk5 &sxKiated with its OP￿]0￿& amd fiThancial aaivilies. To Mitigate these ri5k5, the Charity h&8 establi3hed mbust risk managem¢nt polieies and Pr￿edur¢S. including regular moniioring and ￿VIeW of rinan¢iaJ trdnsaaions xtiviti¢s. The charity ajso mainthins appropriate insuramce coverage ￿ protect against poteniL I0￿s. Despiie these measura% there i$ ￿waYS a p)ssibility Unfores￿ events may could impaa the ¢haritys rinanciai position. The Ch￿ity is ¢ornmitted io proactivel). identsfying and managing risks to minimis¢ their impact and ensure the long-temi sustainability of the Organi￿10￿. Together with the Projea Direaor. the ¢haJity'5 Trustees r¢guiarly review and &8sess the risks arhd take appropri&e aaions to mana8e th¢m further &$ n¢¢¢w. SAFEGUARDINC The ch&ity is committed to creaiin8 a safe aTtd secure ¢nvirt>TLment for e%'eryot)e who sail& works or volwiieets with the Tn￿. A robu￿ safeguarding policy and a&sociated prc¢edure5 are in place. which are regularly reviewed and updated to ensure that the highest standards of safeguarding are ma. Th¢ Rona Trnst R¢port oftbe Tn￿ee$ for the year ended 31 OttobeT 2025 Concerns raised ar¢ taken extremely seri¢￿5]Y and there is a clear rew1irtB pr(Kess in place io ensure that thcse dealt with promptly and appropriately. The welfare and pro*¢ti<>n of ¢%'eryon¢ involi'ed with the Trust are prioritised and we coniinut io strive for iniing voluntttr5 10 [￿>SitiOnS of responsibility on the yachts. This includes ewipg that appropri* inth Royal Yachiing AsS￿l￿10n qI￿lfIc￿1ons and ci>mmerciai endorsements where ne¢e55ary. are held. The process for the appointm¢ni of skippeT5 is particularly thor(MJgh and demanding. The perforn)ance of skippers is closely monitored. and ¢hey are rtquired io undertake regular revaiidation as%&srnents to demonstrate they are maintainin8 the highest l¢vel 01compe￿Cc. Ai the beginning of each year, th¢ TnM runs familiari5ation trainin8 Week￿ for the volunteers to prq)are them for the forthcoming sailing Se&￿n. ACHIEVEMENTS AND PERFORMANCE In 2025 the Rona Sailing Proj¢d took 671 trainee crew on sail traintng voyages Tathging from 1.10 days. including 432 young people (wider 181 and 134 people with addItior￿ n¢ed5 such &s disabilitie5, 5ffiOIIS Lllne5s or leaming diffjculties. We wel¢om¢d new Organi￿10￿S on VOYd8e& ittcluding Girlguidin8 UL and welcomed back crews from Chwlge Grow Live and Phoenix Futures Idrug and al¢obol 5¢ryice51 and Hamm¢rsley Homcs (adults with enduring ments] hea]th challenges and psychotic illne5sI. We Continue to run voyages for the Gemini Project {*Jults with learning dilTiculties) and adults strnggjing with their mert¢￿ h￿th. We received ovetivhelrningly posiiive fecdbxk from ¢rews aswell ￿ frotn their parenw t￿h¢15 and carers on the beneflciai effeets their sail training voyage had on them. I￿ of crew enjoyed their voyage. 9Ph ￿ried on even wheo things diffJculL 980A foLthd way5 to solve probL￿S they wer¢ fa¢ed with and Th w0￿d rt￿mmend a sail training adventure whth th¢ Project io a friend. Rona Il took part in the Tajl Ships R¥¢s from L£ Havr¢ ¢0 Dunkerque w Aberdeen KTiStian5and with two crews delivering her home via Sw¢den. DenEnark. The Nether[￿d$ and France. The 70 young people who Ii>ok part had faTh￿Sta¢ expeTi¢nc¢s in some rhaJlcngin8 conditions and mad¢ lifelong memories and fri¢ndships. D0T￿d Searle look part in th¢ Round the Island R&e and thos¢ tsking part gave don&ions io the Proje¢L The Rolla Trn5t Report of the Trnsttt5 for the year tttded 31 October 202$ VOLUNTEERS The T￿51 is volunieer-bas¢d and w¢ ￿]Y on volunteers io rLth the sail training Vo>￿¢$ and io help with various &8pects of Tunning the clwity, including refjtting and mainienance of the ￿.£55¢1& We are grateful to the volunteer5 who provided valuable tim4 ta]ent and p&ssion to the (>rganisation in 2025. enabling us io OpL￿e efficientl). and effeeiively. There ar¢ two routes io be¢oming a volunieer. Th¢ most ¢ommon way i5 to bec4)me a Junior Watch L¢wJer having 5aild a5 crew on a young ￿r$0￿￿' voyage. In 2025, 58 aCCq>t￿ inviotions io participat¢ in W*¢h Leader Trninirtg with the aim of sailing as Junior Watch L¢*lets in 2026. Adults with appropTiat¢ Sailing quaJifJcztion5 can join the volunteer ranks through training weekends tsT b). joining a voyage dire¢tl) a supernumerdr)., aThd we wel¢omed 9 new adult volunt¢¢J3 ID 2025. OUR YACHTS Our yachts are it) ex¢¢llent condilion and ex￿ed (o continue in for more years. Our three 5wI training vessels are I l Merril>Tr (Ocean 62) Cod￿ for 15. 21 Donald SeaJle (Ocean 751 coded for 20, 31 Ro¢)a11 IOys*r 68} coded for 23. Jam¢5 Myatt (Moody 361 is our training ya¢ht on which %'ol¢mieetS t•) gain amd quaJification5. FINANCIAL REVIEW The Tnjsi ￿MaInS in a strong financial tK)sitiow4 financiaj sthtrments showing a surplus of £35,994. This w&s due to martaging expenditur¢ and successfully al¢r￿ling more don&ions and grants than previoLLsly. Thanks io our volunt¢¢r effort we can saw¢ on maintenanc¢ ¢osts. li is the policy of the charity wir¢strictcd funds should be mainlained ai a minimum l¢v¢l eqllivalent tts two month5, expenditure. The Tr￿%(¢¢5 consider that reserves at this level will ensur¢ thal in th¢ tvtnt of a signiflcant drop in funding, the Trust's acilvjiies WLII be able ￿ Continue while ¢onsidewation i5 gi￿en to ways io which *Jd]lion￿ funds rnay be ￿5£d. Thi5 level of reserve w&s mainlained throUgh￿t the yw wider wiew. DONATIONS The Tr4JSt¢¢s remai[2 Er*ful to the Amory TTUSt amd the Searfe Family T￿￿ for their coThtinued aThd getterous support to the Trusl wbich Contribute 5ignifieand)' to the financial stability of the organisation. The TTUSt also received ihe annual Hammond Innt5 Bursary from ASTO, which proYide5 funding for young peopl¢ aged 25 or under. or people with spe¢ia] needs of any age. (o tak¢ part in sail Iraining voyages io offsd the costs of trdining volunteers and stsff. The TTUStees are a]so grateful io the voluntrers who g¢n¢rously make Si￿]rICant donations via monthly direct debits or one- off donations. The Tru￿ is ￿gIstered HM Revcnue & Cusiotns for Gift Aid and receives qualifying donation5 from individua15 who have paid enough UK income thx or ¢apitsl gaiThs thx io coverthe amount ofthe Gift Aid claimed. Sincere thanks are also due to other exi$iing and new donors and supponers who made generous ¢ontribution5. including the Health Lottery FoutJd*ion, Worshipful Company ofGirditr& the Miil¢nium Oak TrusL the LA)ndon sI￿k Ex¢hange Group, Slloervacht Charitit5 and the B¢rnard Sunley Fowidation. We are a150 incredibly grateful for the genero￿ in&i[￿ ￿Jp￿t w¢ received in 2025 from Akd)NO￿l. Tbt Ronx Tryst Report tsf the Trnstees for tbe year ended 31 October 2025 GOING CONCERN At th¢ time of approving the financia] SLqten]¢nt& th¢ TnJ5ttts ha%E a reawthabl¢ ¢XP¢¢Wion the charity has adequate re50urce5 to continue in operatsonal cxisience for th¢ for¢s¢eable firture. Thus, in the absen¢¢ of any M￿erial uncertainties, the Tru5tee5 Colllinue to adopt th¢ going concern b&sis of rnting in preparing the financiaj ststements. INDEPENDENT EXAMINER Jonathan Bardolph ACA. FCCA, BFP h&8 F*•) rwpoin*d &$ independwt exa￿liner for the ensuin8ye4r. SMALL COMPANY PROVISIONS Thi5 report has been prepara in accordanc¢ with the provision5 in Pdrt 15 of the Companic5 Aa 2(MK) applicable c4>mpani¢s 5ubjea to the small companies regime. Approved by ￿der of the board of tr￿Stee$ on ... .. . . and SI￿£d on its b¢half by." The Rona Trust Independen¢ Examiner's Report lo ihe Trustees for the year ended 31 O¢lober 2025 I re￿rt to the charity trustees on my examinaiion of the accounts of the Company for the year ended 31 October 2025. Re5PODsibilities and h$is ofreport As the Charity's tNstees of th¢ Comwiy (who ar¢ a150 the ditector5 of the cornpany for the purposes of company lawl you are responsible for the prepamion of the accounts in accordance with the requirements of the Companies Aci 20061"the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Aci and are eligible for independent examinalion, I re￿ in respect of my examination of your charity's ￿CoUnts ￿ ¢arried out under section 145 of the Charities Act 2011 ("th¢ 2011 Aci-). In canying out my exatnination I have followed the Directions given by the CIMrity c(￿n￿]ssion under section 145(5Kb) of the 2011 Act. Independent examin¢T'S St8teJDeDt The Company'5 gross income exceeded £250,000 and l am qua]ifi¢d io undenake the examirwlion by being a qualified member of the Instityie of Chartered Accountants in England & Wales. I hav¢ completed my examination. I confm that no m￿e[la1 tnatters have come to my attention which give me caus¢ to believe that.. l. acc(Trunting records were not kept in accordance with section 386 the Companies Act 2006 Ad,. or 2. the ac¢ounts do not accord with Such records. or 3. the accounts do noi comply wilh the relevant accounting requirements under section 396 of the Companies Aci 2006 other than any requirement that the accounts give a True and fair view" which 15 not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the Chan"ties SORP (FRS 102). I have no concerns and hav¢ come acr055 no other matters in ¢onne¢tion with the examination ro which attention should be drawn in thi5 repon in order to enable a prO￿r understsnding of the accounts to be reached. Jonaihan Bardolph ACA, FCCA. BFP Independent ¢xaminer 1st Floor. Unit 12 Compass Point Ensign Way Hamble Southampton Hampshire S0314RA 2•z The R•na Trust St8temenl of Fin¥n¢i•l Artivitiu Income aDd ExpeAditun A¢¢ount for the year ended 31 October 2025 2025 2024 U•re5trirted Re5tTifted ruDd futtd Total funds Total funds INCOMING RFSOVRCES Intorning resourt*s from ynerated fuDds Dotlations Investm¢nt income Other incoming re￿5 476.834 23.411 140.397 476.834 23,411 140,397 587,061 26,802 111.666 Total illcoming reJour¢¢s 640.642 640.642 725,532 RESOURCES EXPENDED Charitsble activities Governa￿¢ ¢osts 584.7 4.982 14.876 599.666 4.982 800.674 4.954 Tot•1 rttowrus ￿pended 589.772 14,876 604,648 805,628 NET INCOMINGI{OUTGOINGI RESOURCES tt¢t iDcomelldtfKit) for the yur 30,870 114,876} 35.994 (80.0961 Trinsf¢rs bekn funds l8-19 {781) mo¥¢men¢ in fuDds 51.651 115.6571 35,994 {80,0961 RECONCILIATION OF FUNDS Total fvnds brought forward 1.152.667 15,657 .168.324 1.248.420 TOTAL FUNDS CARIUED FORWARD 1,204,318 1,204,318 ,168,324 The Ststement of FitwKial Aaivities in¢lud¢s ajl and I0￿S in tt¢ye¥omd tlKr¢foTE a 5ta*mentof to￿ recognised gaiTh5 and losses has rxbt p]rpaJcd All of the ah>ve amowits relate to continu￿￿artIVJiieS The notes fornl Part of th¢s¢ financial #a*JMJts The Rona Trnst Balance Sheet as at 31 October 2025 21125 Tot•1 fut)ds 2024 Totsl fuDds Notrs FIXED ASSETS Tangible assets 12 450,533 480,774 CURREIYT ASSETS Stocks Debtors Cash at bank 14 15 16 36.199 720.541 45.673 645.343 759,740 694,016 CREDITORS Amounts failing due within one 17 {5.955) {6,466) NET CURRENT ASSETS 753.785 687,550 NET ASSETS 1204.318 1,168,324 FUNDS Unrestricted fimds.. Genera] funds Designated fimds Re51rict¢d fund5 18 165,886 .038.432 79,091 1.073.576 15.657 19 TOTAL FUNDS 1204.318 .168.324 The members are satisfied that the charitabk company is entitled ￿ exemption from the requirement to obtain an audit under seaion 477 of the Companies Act 2(K)6. The members have not required ihe charitsble company ¢0 obthin an audit in accordance with s¢rtion 476 of the Act. The truste¢s acknowledge their responsibili1ies for complying with the wuirements of the Companies Act 2006 with respwt to accounting rccords and the preparation of accounts. The accounts hav¢ been prepared and d¢livered a￿ordanCe with the special provisi(Trns applicable to companies subject to the small companies regitne. The profit and loss account has also been d¢livered to the Registrar of Companies. The fman¢ial statements were approv¢d by the Board of TnEStees on ... . . b¢ha]f by.. and were signed on its .u /, Ld£hfo4¢.rfrt William Whltehouse-va￿y {Chaimw) The notes forni part of these financial statsm￿ts Tbe Rona TnESt Notes to tbe Finanei*l St*tements for the year ended 31 October 2025 I ACCOUNTING POLICIES BLTif ofPre￿r¥rtO• Othe￿i￿ slated in the Televant n(w to havt wepar¢4J in accordance with the Stat¢tnent of ReportiD8 StsDdard aFgILrabk iti the UK Republic of (FRS 1021 effcaive January 2019. they aT¢ incapable orr][￿n(la7 t[￿ur£[￿O In￿rne tax tec0v¢r￿le in reiatiort to (kxjknfj re￿1V¢￿ under Gift Aid is reco￿%￿ at the time ofthe dThJatl￿. Regour¢ts exptllde acti￿tieS on a bas￿ consistent with the use 0lrfs0u￿. F￿)dr￿SIng ¢o5ts are incuffed Seek￿ voJUDt￿ and the ¢wts of dissunLnatsng infiectsof (hry. R¢wiai(w wise wh 8pe¢ified by the doTh)r LY when raised furparicu13r tesmct¢d 10 Tbe Rona Trnst Notes to the Fin*n¢i•l St•temeDts ror the ye*r ended 31 O¢tob¢r 2025 IIArtstritted Restrirttd T4X*lfupdq 21J25 Totsl funds I I)ONATIONS 2024 ViscoUDLAm￿Y Tn Searle Tr￿￿1 Associaiion of Sail Tramin8 Org￿ts￿$ Aft¢Igu￿ d￿￿](￿$ Gift Aid cOry￿at£S 125.5 IIK>.( 125.5(K) I(￿.{KK) 9.682 52.389 20,624 66.550 I02.O89 124,6(M) 8.967 44,759 20,624 66.550 102.089 48.747 81.790 109.607 587,064 476.834 476.834 3 INVESTMENT INCOME T•t*l futhds 2025 Totsl funds 2024 26.802 20.802 23.411 23.411 4 OTHER INCOMING RVSOURCES 2025 2024 140.397 140.i97 111.666 2025 2024 Cr¢w feES T￿] Sh]"ps Race 2025 69.821 62.1 107,266 3,163 1.237 5.861 140,397 111,666 5 COST OF CHARITABLE ACfllTTIES BY FUND TYPE Total T•t•l fund$ 2024 funds 20LI Support cosLs (No* 81 v￿e1 IN(rte 91 176.276 408,514 176276 423.390 14.876 584.790 14,876 599.666 800,674 The Rona Tn￿t Notes to tht Firt¥thri41 Ststements for the year endtd 31 Ortober 2025 6 COSTS OF CHARITABLE ACflVITY BY ACTJVTTY n'pE Adivilies rta dire4 TO1￿ Net B(K* 438.432 473,576 14 STOCK 2025 2024 Stock IS DEBTORS: AMOLNTS FALLING DUE WITMLN of*E YEAR 20LI 2024 VAT tepa)wi due Pu￿h&S￿ kdger d¢bii bailt 5.219 1.442 29,538 36.199 9,535 6.f4)2 29,536 45,673 16 CASH AT BANK 2025 2024 Ca8h at bank. Iiijrestricted genuai fund Cash w b•th. desLBO*ed yxtw fuDd 120,541 45.343 720.541 645.343 14 Tht Ronx Tryst r4otes to th¢ FiD4Dtial St*ttth¢#ts for the year ended 31 October 2025 17 CREDITOILS: AMOIINTS FALLING DUE WITHIli ONE IEAR lots 2024 3,305 2,650 5.955 1.366 5.100 li iINRESTRJCTED INCOME FUNDS BaknDC¢ •1 l Tr*Lrft ovember btfwtt B•l*tttt xt 31 (kiobtr 2025 Outgoilg 2024 D￿￿91a¢ed F￿dS fj¢[W￿ Fu]¥1s 1,073,576 79.wi 781 143.i621 1546.4101 1.030,995 173.323 640.642 1.152.667 781 559.772 ,204,)18 19 RESTRICTED INCOME FU,YDS B*11￿ it l Tr*tsfer Il•vembtr b¢lw¢e 2024 B*knnct *t31 OttobEr ZDL5 Outgoi¥ 15.657 {7811 114,8761 15,657 {7811 114.876 20 ANALY51S OF NET A&SETS BETWEEN FL'f4DS T**Eiblt Net eurretst rwd •Mets Totlll ul￿ty1rt¢d Designated Fwjds ur￿eSEnC1¢d Gej]U￿ Fuw Restrided Funds 438.4J2 600.(KM) 153.785 1.038,432 165.886 450.533 75i.785 1.204,318 21 Roht¢d hrty TY*th¢￿￿$ 22 Olbtr iDfgrrn*ti•ll Its wteroj office is.. Unit la UtLivet591 MatiDa Satisbury Glee Southampt Hampshtre SOJI 7ZN 15