Reglstered number: 07012582
Charity number: 1133063
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guaranlae)
CONTENTS
Page
RoferenGe and Admlnlstratlvo Dètalls of thg Company, its Trustees and ￿l$erS
Trustoes. Report
Indepondent Examlnorfs Report
Statement of Flnanclal Activltles
Balance Shoet
Notes to the Flnanclal Ststements
10-21

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guaranlge)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tiustees
CJHScott
P J Steele
ADRoss
H F Mbddlelon
D Barrell
Company reglstered number
07012582
Charfty registered numbor
1133063
Reglstered office
7 Wainwright Clos9
Lowestoft
England
NR32 4WG
Accountants
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Page 1

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmltod by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual re￿ t￿je1her Iha finawal stslgments of the company for the year 1
January 2022 to 31 Decemb8r 2022. Th8 Annual Raport Satves the purposes of both a Trustees, report and a
directors, report under company law. Tho Trustees confim Ihal the Annual Report and financial slalements of
the charitable company comply with th8 curronl statutory requirements, the requirements of the charitable
companls goveining document and the provisions of the Statement of Recornmended Practice ISORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in
the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualffies as small under ￿tiOn 382 of the Companies Act 2006. th8 Strategic Report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Structure. governance and managernent
a. Constltutlon
Whillingham Boathouses Foundation Limited is registered as a charitable company limited by guarantee and
was sel up by a Memorandum of Associat¥)n.
The principal object of the company is lo advance amateur sport for Ihe public benefit and in particular water
sports including rowin9 and canoeing by managin9 and assisling in the provision of facilities al Whillingham,
Norwich
b. Methods of appointrnent or electlon of Trnstees
The management of the company is the responsibilty of the Truste8s who are elected and co-opted under the
lefms of the Memorandum of Association. In addrtion. new members are provided with detailed informalion
about the Charity and are encouraged lo read Charity CommissN)n and other newsletters designed to keep them
abreast of their duties and responsibilities.
c. Organlsatlonal structure and decision4naking policles
The Trustee board currently comprises one representative drawn from each of the 5 founding clubs, namely.
Norwich Rowng Club. Norwich Canoe Club. Universty of East Anglia Boat Club. NO￿l¢h School Boat Club and
Norwich High School Rowng Club.
The Truslees meet al least 3 times each year.
The Trustees have established an Operabonal Management Committee. which meets lo oversee the day to day
operations of the fa¢ility. 11 includes representation from each of the founding clubs.
Objgctives and activities
a. Pollcles and obje¢tlVgS
In setting objectives and planning for aclivib"es. the Tru51ee5 have given due consideration to general guidance
published by the Charity Commission ielaling lo public benef￿. including the guidance 'Public benelil.. running a
charity {PB2I'.
Pagè 2

WHITUNGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmltèd by Guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Objectlves and actlvltles (contlnued)
The ini1181 objective of the charity was to devekw a new Commun￿ boathouse for rowiThJ and cano8ing in
Whillingham Country Park on land leased from the Whitlingham Charitable Trust. and this was achi8ved in
August 2015. The focus has slnce moved to enhancing tha facility and maintaining th8 Srte for the b8nefit of thg
community.
The Trustees have adopted a rdnge of best PfdcIic8 wlicies t￿lUdIng water safety, child prol8Ction and
vulnerable adults as promulgated by British Rowing. In addib.on and where applicahla, British Canoe Union
policies have been 8dopted.
b. Actlvltles for achlevlng obJectlve8
Whillingham Boathouses Found8lion {Registered Charity 11330631 was established to develop and maintain a
community rowing and canoeing facil-rty in Whillingham Country Park lor the beneffl of Norfolk and Norwich.
The founding dubs (Norwich Rowng Club, Norwich CarK)e Club. Universty of East Anglia Boat Club. Nofwich
School Boat Club. and Norwich High School Rowing Club) joined fo￿8 under the banner of the "As One...
Campaign" to raise funds to develop a new community bOath￿Se, thereby expanding the existing lacilitses
adjacent lo the River Yare.
During the fundraising phase (2009 to 2015) the Trustees approached a number of grant giving trusts and
charities lo support the project. The focus has since moved to the operalion of the facilities.
Achievement5 and perforniance
Review of activities
Phase 1 of the new boathouse dev8lopmènl was completed in May 2011= this (yjrnprised the shell and core of
the building and ground floor storage for rowing boats and canoes.
Phas8 2. the fit out of the first floor. was completed and opened lo users in August 2015.
In 2022 Norwich Rowing Club held only one junior and three adult Leam2Row courses providing coaching lo 43
beginners with each course lasting up lo 3 months.
Norwich Canoe Club held in excess of 14 leam to kayak courses in 2022 and hosted 6 schools for kayaking
during term lirne. It also took part in the Festival of Sport al Holkham Hall, all of which led to 150 juniors and 36
adults experiencing kayaking during the year. The UEA Boat Club and all of the school boat clubs encouraged
their students and pupils respectively to take up rowng.
In 2011. the Iruste9S established the first disabl8d rowing and can(Eing facility in Norfolk wth the arrival of both
adapb.ve canoes and rowing boats. They were able lo expand this fleet in 2012 with a joint grant from British
Rowing and th8 Broads Authority Sustainable Developmer)l FurMI which enabled the launch of 2 quadruple
sculling boats and 2 double sculling boats. These boats have been used for people of all ages and abilities as a
stepping stone into wider rowing activity.
The trustees have continued lo emphasise the safety aspects of both sw)rts both on and off the water. Following
on from the eslablishtnenl of a defibrillator in 2013. the company has played a key role in working with its own
users and the Bioads Authority lo enhance powefboat skills for wa¢h8s as well as working with other users lo
coordinate river based activib"es.
Page 3

WHITLINGHAM BOATHOUSES FOUNDATION UIqITED
(A Clmnpany Llmlted by Guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Objèctlves and activltles (continu￿)
Thanks to the generosity of the ￿)rWiCh North Apha LIONS Club and the TIK)mas Cook Children's Charity, the
Iruslees were able to establish a bursary scheme for tIM)se from deprived communities to allow them to take part
In rowing or canoeirKJ acttvibes regardless of th8ir means. There were no apPl￿tiOnS for bursaries during the
year.
The financial focus continues to be on the operation of the facilthes and generating income. One training camp
for Brits'sh Cano&ing and tsvo ro￿ng camps tfy)k place during the year.
Flnanclal review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonab￿ expectation that the company has adequate
resources lo continue in operational exislenoe for the foreseeable fubjre. For this reason, they continue lo adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the &counting policies.
b. Rgsorves p¢llcy
The charity ur)dertook sigr)ificant I￿r￿raisIng aclivtiies to finance the buikling of the new boathous8 al
Whillingham. Al the 31 December 2022 the charity has unrestricted reservas of £978,501 12021. £1,016,129}
and reslricled reserves of £16,800 {2021.' £31.3271. The charity has nel current liabilities, not represented by
restricted funds of £12,462 {2021'. nel Current assets of £8.747}. The charity has no free reserves, being
unreslricled funds exduding those represented by tangible fixed assets. All unrestricted reserves. less Ihosa sel
aside for the adminislralion of the charity. are currently being appl*d lo the boathouse. The reserves policy is lo
maintain reseryes sufficient for the operation of the charity and the ongoing fflainlgnance of the boathouse.
The Iruslees reconsidered the reserves policy when the boalhousB construction was comple18d. The revised
policy is lo relain a free reserves level of approximat81y 3 months ol operational expendilufe ar)d the trustees are
working towards establishing this level of funding.
Page 4

WHifuNGHAM BOATHOUSES FOUNDATION LIMITED
IA Company Llrnited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR ThE YEAR ENDED 31 DECEMBER 2022
Statemont of Trusteès. responslbllltles
The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for
preparing the Trustees, Report and the financial statements in accordance wilh applicable law and United
Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice).
Company law requires the Tnjstees to prepare ffinancial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the company and of tis incoming resources and application of resources, incIL￿ing
ils income and expgndilure. for that period. In preparing these financrdl statements. the Trustees are required to..
select suitable accounting and then appty them con$k8tenl￿.
obserye the methods and pr¢nciples of fhe Charibes SORP {FRS 102).,
make judgments arKI accounting eslimatos that are reasonable and Pfudent.,
stale whether applicable UK AccountirKJ Standards {FRS 1021 have been followed, subject lo any mal8rial
departures disclosed and eXplaiT￿d in the financial statements.,
prepare the financial statements on the g)ing co￿eM basis un18SS it is inappropriate lo presume that the
company will continue in business.
The Tmslees are responsible for keeping adequate accounting r￿ordS that are sufficient lo show and explain
the companls transactions and disclose h￿th reasonable accuracy at any time Ihe financial posltion of the
company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding th8 assets of the company atKI hence lor taking reasonab19 steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
CJHScott
Date..
Page 5

WHITUNGHAM BOATHOUSES FOUNDATION LIMITEO
IA Company Llmlted by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER2022
Independent Examlnerfs Report to the Trustees of Whltlingham Boathous85 Foundation Limlted
I'the compan￿)
I rewrt to the charity Trustees on my examination of the accounts of the company for the year eryled 31
DecembBr 2022.
Responsibllltles and Basls of Roport
As the Trustees of the company land ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance the requiraments of the Companies Act 2006 {'Ihe 2006 Acl,).
Having satisfied myself that the accounts of the company are not required to audited under Part 16 of the
2006 Acl and are e1￿ible for independent examination. I report in respect of my examination of the companls
accounts carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l- In carrying out my examination
I have followed the Directions given by the Charty Commission und8r seclion 14515llbl of the 2011 Act.
Independent Examinar's Statemenl
I have completed my examination. I confirm that no matters have o)me lo my attention in connaclion with the
examination giving me cause lo believe..
accounting record5 were r￿t kept in resp8ct of the company as required by section 386 of the 2006 Act,.
the accounts do not accord wth those records: or
the accounts do not compty with the accounting requirements of section 396 of the 2006 Act other than
any requirement Ihal the accounts give a 'true aThJ fai¢ view which is not a matter considered as part of
an independent examinalion.. OF
the accounts have not been prepared in accordance with the methods and principles of the Siat9menl of
Recommended Practice for accounting and reporting by charities lapplicab19 to charities preparing their
a¢counls in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 10211.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
This report is made solely lo the companls Trustees. as a body, in a￿OrdanCe with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle lo thè compan5ls
Trusl8es those matters l am reqUI￿d to stale lo them in an Independent Examiner's Report and for no other
purpose. To the fullest exlenl permiited by law. I do not accept or assume responsibility lo anyone other than the
company and the comp8nls Trustees as a body. for my work or for this report.
Signed..
Dated..
Christopher Yeales FCA DChA
Larking Gowen LLP
Chartered Accounianls
Norwich
Page 6

WHITUNGHAM BOATHOUSES FOUNDATION UMITED
IA Company Llmlted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2022
Rgstrtcted Unrestrlctod
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations and legacies
Charitable activits'es
Investments
50
50
80.435
2,060
61,254
80,435
Total Income
80,491
80,491
63,318
Expendlture on:
Charitable activities
132.646
132,646
103.268
Total expèndlture
132,646
132.646
103,268
Net expendituro
Transfers belween fundg
152.155)
14,527
{52.155)
(39.950)
13
114.52n
Net move*ment In funds
(14,5271
137,628}
152,1551
(39,950)
Reconclllatlon of funds:
Total funds brought forward
Nel movement in funds
31,32T
114.527)
1,016,129
137.6281
1,047,456
152.1551
I,OB7,406
(39.950)
Total funds carrled forward
16.800
978.501
995,301
1,047,456
The Statement of Financial Activitie5 includes all gains and losses recognised in the year.
The notes on pages 10 to 21 forni part of these finawal statements.
Page 7

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llrnltod by Guarantee)
REGISTERED NUhlBER: 07012582
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Nole
Flxed assets
Tangible assBts
Current assots
1.019.708
1,046,842
Debtors
Cash al bank and in harKI
10
34.349
36,087
20.197
64.804
70.436
85,001
Creditors.. amounts falling due ￿1th1n one
year
11
{66,0981
(44,927)
Net Gurrent assets
4,338
40,OT4
Total a55ets less current Ilabllltles
1.024.046
1,086,916
Creditors.. amounts falling du8 after more
than one year
12
{28.745)
(39.460J
Totsl net assets
995,301
1,047.456
Charlty funds
ReslrKted funds
Unreslricled funds
13
16,800
978,501
31,327
1.016. 129
13
Total funds
995,301
7,047,456
Page 8

wH￿LINGHAm BOATHOUSES FOUNDATION LIMITED
(A Company Llmfted by Guarantee)
REGISTERED NUMBER: 07012582
BALANCE SHEEf (CONTINUED)
AS AT31 DECEMBER 2022
The company was entitled to exemptlon from audit under section 477 of the Companies Act 2006.
The members have not regul￿d the company to obtsin an audit for Ihe year In question in accordance with
section 476 of Companies Act 2006.
The Trustees acKn0￿8dge Iheir rosponsibilities for COmp￿￿j with the requiremenls of the Act with respect lo
accounting records and preparation of financk21 statements.
The financial slalements have been prepared in accordance with ￿ provisions applicable lo entl￿e8 subject lo
tha small companies regime.
The finan￿al statements were approved and authorised for is8ue bythe Trustees and signed on their behalf by..
-. 4 gi.-C:.-ta
CJHScott
The notes on pages 10 10 21 form part of these financial statements.
Page 9

WHITUNGHAM BOATHOUSES FOVNOATION UMITED
(A Company Llmlted by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Ggnwal Infommtlon
Whitlingham BoallM)USgs Foundalion Limited is a charttable company limited by guarantee, charity
number 1133063 and company number 07012582. The register￿ office is 7 Wainwright Close. Lowestoft,
Norfolk. NR32 4WG.
Accounting pollclos
2.1 Basls of proparatlon of financlal statements
The financial statements have been prepared in accordance with the Charitses SORP IFRS 1021-
Accounting and Reporknng by Charities: Statement of Recomm8nded Practi￿ applicable lo charities
preparing their accounts irb accordarKe the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) lefleclive 1 January 2019}. the Financial Reporting Standard
applKable in the UK and Republ￿ of Ireland (FRS 102) and the C¢￿￿panIeS Act 20(￿.
Whillingham 8oalhouses FoUndat￿n Limited meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised al histor￿1 cost or transaction value unless
olher4vise staled in the relevant a¢¢ounting polry.
The financial statements are presented in sterling. which is the functional curr8ncy of the Company,
and rounded to the nearest £.
2.2 Golng concern
The Iruslees have consbjered the charitls posttion at th8 time of sKJning the financial statements.
The trustees have prepared budgets and forecas(s through to August 2024 which indicate the charity
will have sufficient funds lo meet ils liabilities as they fall due. The trustees have also consid8red the
financial resources available lo the charity, and ability lo raise additional funds through raising setvlce
charges or reduce costs should Ihis required.
Based on Ihis, the Iruslees have concluded that they have a reasonable expectation that the charity
will have adequate resources lo continue in operational existen¢e for the foreseeable lulure, and al
least ￿e1ve months from Ihe dale of signing these financial slalements. They therefore continue lo
adopt the going concern basis of accounting in preparing these financrdl slalemenls.
2.3 Fund accounting
General funds are unrestricted funds which are available for use al the dis¢￿tIOn of the Trustees in
furtherance ol the general obje¢lives of the company and which hav8 not been designated lor other
purposes.
Resiricled funds are funds which are lo be used in accordance wlh specific reslriclions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fLJnd. The aim and use of each reslricled
fund is s81 out in the notes to the financial statements.
Investment income. gains and losses are allocated lo the appropriate fund.
Page 10

WHITUNGHAM BOATHOUSES FOUNDATION UMITED
(A Company Llmfted by Guarantee)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollGles Icontinuedl
2.4 Income
All incom8 is recognised once the company has entiuement to the income. il is probable that the
income will be received and the amount of income receNable can i￿ measured reliabty.
Income tax recoverable in relation to investment incorne is recognised al the time the investment
income is receivable.
2.5 Expenditure
Expenditure is recognised once there is a legal or consIn￿tive obligation to transfer economic benefit
to a third paty, il is probable that a transfer of ecO[KTrm￿ benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivty. Th8 Costs
of each activity are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each actmty. Diiect costs attributable to a single aclimty are allocated directly
lo that activity. Shared costs which contribute lo more than one acb.wty aThJ support costs which are
not attributable to a single activity are apportr>ned be￿een those activities on a basis consistent with
the use of resources. Central staff costs a￿ allocated on the basis of bm8 sp&nl, and depreciation
charges allocated on the portion of the asset's use.
Expendrture on charitable activities is incurred on directy und8rtaking the activities which further the
companys objectives. as well as any associated support cosis.
All expendifvia is inclusive of irrecoverable VAT.
2.6 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company., this is nomially upon notification of the inl8resl paid or pa￿able by the
institution with whom the funds are deposited.
2.7 Tanglble fixed assets and depreclatlon
Tangible fixed assets costing £500 or more are capilalBe(J and recognised when future economlc
benefils are probable and the Cost or value of the asset be measured reliably.
Tangible fixed assets are initialty recognised al cost. After recognition. under th8 cost model, tangible
fixed assets are measured al cost less a¢cumulaled depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should b8
included in the measurement of cost.
Depreciation is charged so as lo allwate the cosl of tsngible fixed assets less their residual value
over their eslimaled useful Iwes.
Depreciation is provided on the followng bases=
Long-term leasehold property
Equipment
2.10 slraighl line
10 10 slraighl line
Page11

WHfTLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEP4lBER 2022
Accountlng FboliGles {Gontinued)
2.8 Dabtors
Trad8 and other debtors are recognise(l al the settl8menl amount after any trdde di5courit offered.
Prepaymènts are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank ar￿ in hand indudes cash and sh)rt-term highly IKiuid investments with a short maturity
of three months or less from the dale of wuisikn or opening of the deposit or similar account.
2.10 Uabllitles and provisions
Liabilities are recognised vthen there is an oLligation al the Ba￿nce Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in setdemenl, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the ￿rnpanY anbcipales il will pay lo settle the debt or
the amount il has received as advanced payments for the goods or services it must provide.
Provisions are measured al Ihe best estimate of the amounis required lo settle the obligation. Where
the eff￿1 of the lim8 value of Money is material. the pr(Msion is based on the present value of those
amounts, discounted al the pre-tax discoijnl rale that reflects the risks specrfic to the liability. The
unwnding of the discount is recognised ir¢ the Statement of Financial Acliwligs as a finance cost.
Incomg from donations and legacles
Unrestrlctgd
funds
2022
Total
funds
2022
Donations
50
50
Unrestricted
funds
2021
Tot81
funds
2021
Donations
2,060
2.060
Page 12

WHITLINGHAIIJ BOATHOUSES FOUNDATION LIMITED
IA Company Llmfted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2022
Income from charltablo aGtfvftles
Unrestricted
funds
2022
Total
funds
2022
Servic8 charges. kitchen inwme and facililies hire
80.435
80,435
Unrestrict8d
funds
2021
Total
fvnds
2021
Sgrvice charges. kitchen income and facilities hire
61,254
61.254
Analysls of expenditure on charltable actlvltles
Summary byfvnd type
Unrestricted
funds
2022
Total
2022
Boathouse operating costs
132,646
132.646
Restricted Unrestriclgd
funds
funds
2021
2021
Tolal
2027
8oalhouse operating costs
Bursaries
102,836
102,836
432
432
432
102,836
103.268
Page 13

WHITUNGHAM BOATHOUSES FOUNDATION LIMITED
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis of oxpendltur¢ by actlvmles
ArtMtle$
undertaken
directly
2022
Support
osts
2022
Total
funds
2022
Boathouse operatin9 costs
117.140
15.506
132,646
Activities
undertaken
dir8CtIy
2021
Support
costs
Tolal
funds
2021
2021
Boathouse operating costs
Bursarie8
89.257
432
13.579
102,836
432
89,689
13,579
103.268
Analysls of diract costs
Boathouse
project
2022
Total
funds
2022
Bursaries
2022
Rent
7.500
7.063
27,134
73.293
2,150
7,SOO
7.063
27,134
73,293
2,150
Legal and professional
Depreciation
Operaling costs
Governance costs
117.140
117.140
Page 14

WHITUNGHAM BOATHOUSES FOUNDATION UMITED
(A Company Llrnitgd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysls of expendlture by activltles (contlnugd)
Analysls of dlreGt Gosts {contlnu¢d)
Boathouse
projecr
2021
Total
lunds
2021
Bursaries
2021
Rent
Legal and professional
Depreciation
Bursaries
Operatin9 costs
Governance costs
5.518
6,060
28.909
5,518
6,060
28,909
432
46.820
1,950
432
46,820
1,950
89,257
432
89,689
Analysls of 5UPPOrt costs
Boathouse
project
2022
Total
funds
2022
Administration
Insurance
2.793
9,821
2.892
2.793
9,821
2.892
Finance costs
15.506
15.506
Boalhouse
project
2021
Total
funds
2027
Administration
Insurance
Finance costs
688
9,346
3.545
685
9.346
3,545
13,579
13,579
Page 15

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examln*s remuneratlon
The independent examinerfs remuneration amounts to an iNJependgnl 8xaminer fee of £2,150 12021-
£1,950).
Trustees. remuneration and expenses
During the year, rN) Trustees received any remuneration or other benefits (2021- £NILJ.
During the year ended 31 December 2022. no Trustee ex￿nseS have t*en incurred (2021- £NIL).
Tanglble fixed assets
Long4emi
l•asehold
property
Plant and
machlnery
Total
Cost
Al 1 January 2022
1,278.235
43.073
1,321.308
At 31 De¢emb8r 2022
1,278.235
43,073
1,321,308
Depreciation
At 1 January 2022
Charge for the year
236.301
25.565
38.165
1,569
274,466
27,134
Al 31 December 2022
261.866
39.734
301,600
Net book value
Al 31 December 2022
1,016,369
3,339
1,019,708
Al 33 December 2021
1,041,934
4,908
1,046,842
10.
Debtors
2022
2021
Due wlthin one year
Trade debtors
34,349
20,197
Page 16

WHrrLINGHAM BOATHOUSES FOUNDATION LIMITED
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11. Creditors: Amounts falling due wlthln one year
2022
2021
Bank loans
Other taxation and social security
Accfuaks and deferred income
10,642
11,256
44.200
9,923
6.615
28.389
66,098
44,927
Bank loans due wilhlfl one year relate to the capilal repayTnents lo be made over the course of the next
year. Interest lolalling £2.89212021= £3.5451 was charged to the charitabl8 company during the year.
2022
2021
Deferred income
Deferred income al 1 January 2022
Resources deferred during the year
Amounts released from previous perK)ds
23,637
34.696
123,6371
22.868
23,637
(22,868)
34,696
23,637
Deferred income relates to annual seNice charges received in advance in relation to the 2023124 pgriod.
12. Creditors: Amounts falllng due after rnore than one year
2022
2021
Bank loans
28,745
39,460
The bank loan from The Charity Bank Limited is secured by a fixed char9e over th81oasehold property.
Bank loans due in more than one year relate lo capital repayrnenls lo be made on the loan. Interest lo be
charged on the balance due in tnore than one year amounts lo £2.402 (2021.. £4.575).
Page 17

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEfvIENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13. Statement of fund$
Statement of funds - ¢urrent year
Balance at
31
December
2022
Balance at I
January
2022
Transfers
Inlout
Income Expondlture
Unre$trlcted funds
General Funds - all funds
1.016.129
80,491
(132.646}
14,527
978,501
Restrlcted funds
Coaching
80315 & Equipment
Boathous8
Bursaryfund
Disabilty hjnd
3,980
11.039
3,980
(11.039)
13.4881
4,820
8.000
4,820
8,000
31.327
{14,5271
16.800
Total of funds
1.047.456
80,491
{132.646>
995,301
Page 18

WHITLINGHAM BOATHOUSES FOUNDATION LIMrrED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2022
13. Statement of funds Icontlnued)
statemont of funds - prfor year
Balance at
31
Decembe
2021
Balance al
l J8nuary
2021
Income Expenditure
Unrestricted funds
General Funds- all funds
1.055,647
63,318
(102,836)
1,016, 129
Rostricted funds
Coaching
Boats & Equipment
Boathouse
Bursary fund
Disability fund
3.980
11.039
3.488
5,252
8.000
3.980
17,039
3.488
4,820
8,000
(432)
31.759
(432)
3t,327
Total of funds
1.087,406
63.318
(103.268)
1.047,455
The coaching fund is to assist wlh coaching costs associated wlh the 'Explore Rowing. programme.
The boats and equipment furhd is lo finance the purchase of t￿W boats and equipment. No reslriclion has
been placed on the fulufe use of the equipment so transfers are made lo general funds as the equipment
is purchased.
Grants have been received lowards the building of the new boalhouse_ No reslriclion has been placed on
the future use of the boathouse. hence they are transferred lo unrestricted once spent.
The bursary fund is to 'sponso¢ the costs of young people either in training or lo help them with
subscription costs.
The disability fund is to provide increased access for the disabled and help Ihose with learning difficulties.
Transfers during the year are in relation to restricled funds that had been fully spent in previous years.
Page 19

WHITUNGHAM BOATHOUSES FOUNDATION UMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Analysls of net assets botwggn fund5
Analysls of net assets betweon funds - current year
Restricted Unrestrlcted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
Creditrjrs due in more than one year
1,019.708
53,636
166,0981
128.7451
1.019,708
70,436
(66,0981
(28.7451
16.8C
Total
16,800
978.501
995,301
Analysls of net assets between ￿ndS - prlor year
Reslricled Unresfricted
funds
funds
2021
2021
Total
funds
2021
Tangible fixed assets
Current assets
1,046.842
53,674
(44.927)
(39,460)
1,046,842
85,001
(44,927)
f39.460J
31,327
Creditors due within one year
Creditors due in more than one year
Total
31.327
1,016, 129
1,047,456
15.
Operating Igasg commitments
Al 31 December 2022 the company had commitments lo make future minimum lease payfflenls undor
norkcancellable operating leases as lolk)ws=
2022
2021
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
7,500
37,500
442.500
7.500
37,500
450,000
487,500
495,000
Pagè 20

WHITUNGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
16. Related party transactlons
The company has not entered Nito any related party transaction during the year. r￿r are there any
outstanding balaTr￿s owng between related parties and the ￿MpanY at 31 December 2022.
Page 21