Registered number: 07012582
Charity number.. 1133063
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
{A Company Llmited by Guarantee)
CONTENTS
Page
Reference and Adrnlnlstratlve Detalls of the Company, Its Trusteos and Advlsers
Tru8toos' Report
Independent Examlner's Roport
Statement of Flnanclal Actlvltles
Balanco Sheot
Notes to Ihe Flnanclal Stalemonts
10-20

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guaranlee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
C J H Scott {resignad 30 September 2024)
P J Steele (resigned 14 May 2025)
ADRoss
H F Mlddleton
D Barrell (resigned 8 May 2024)
D C Conway {appolnted 8 May 2024)
S J B Horth (appointed 1 Oclober 2024. resigned 14 May 2025)
M K Heazle (appointed 14 May 20251
R W Robinson (appointed 14 May 2025)
Company reglstarod number
07012582
Charlty reglstered number
1133063
Reglstered offlce
7 Wainwright Close
Lowestoft
England
NR32 4WG
Accountants
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR11RE
Page 1

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the company for the 1 January
2024 to 31 December 2024. The Annual Report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustèes confirm that tha Annual Report and financial statements of the
charitable company comply with the currant statutory r8quirem8nts, the requiremanls of the charitable companls
governing document and the provisions of tha Statement of R8commended Practice (SORP) appllcable to
charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102J (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report
required of medium and larga companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Struclura, governance and management
a. Constltutlon
Whitlingham Boathous8s Foundation Llmited Is reglstered as a charitable company limSted by guarante8 and
was set up by a Memorandum of Assoclation.
The prlnclpal object of the company Is to advance amateur sport for the public beneflt and In particular water
sports including rowing and canoeing by managing and assisting in the provision of facilities at Whitlin9ham,
Norwich.
b. Methods of appolntment or electlon of Trust•os
The management of Ihe company is the responsibility of the Trustees who are elected and co-opted under Ihe
terms of the Memorandum of Association. In addition. new members are provided with detailed information
about the Charity and are encouraged to read Charity Commission and other newsletters designed to keep them
abreast of their duties and responsibilities.
c. Organlsatlonal structure and declslon-maklng pollcles
The Trustee board currenlly comprlses on8 representative drawn from each of the 5 founding clubs, namely,
Norwich Rowing Club, Norwich Canoe Club, University of East Anglia Boat Club, Norwich School Boat Club and
Norwich High School Rowing Club.
The Trustees meet al least 3 times each year.
Tho Trustees have eslablished an Operational Management Committee, which meets to oversee the day lo day
operations of Ihe facility- It includes represenlation from each of the founding clubs.
Objectlves and actlvltles
a. Poll¢les and objectlves
In setting objecllves and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relaling to public benefit, including the guidance 'Public benefit.. running a
charity {PB2)'.
Page 2

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activlties (continued)
The initial objectlV8 of the charity was to develop a new community boalhouse for rowing and canoeing in
Whitlingham Country Park on land leased from the Whitlingham Charitable Trust, and this was achieved in
August 2015. The focus has since moved to enhancing the facility and maintaining the slte for th8 benefit of the
community.
The Trustees have adopted a range of best practice policies including water safety. child protectlon and
vulnerable adults as promulgated by Brilish Rowing. In addition and where applicable. Brilish Canoe Union
policies have been adopted.
b. Actlvltlos for achlevlng objoctlves
Whitlingham Boathouses Foundation (Registered Charity 11330631 was established lo develop and maintain
communily rowing and canoeing facility in Whitlingham Country Park for the benefit of Norfolk and Norwich.
The founding clubs {No￿lch Rowlng Club, Norwich Cano8 Club, Unlv8rslty of East Anglla Boat Club, Norwich
School Boat Club, and Norwich Hlgh School Rowing Club) joined forces under the banner of th8 "As One...
Campalgn" to raSse funds to develop a new community boathouse, thereby expanding the existing faclllties
adjacent to the Rlver Yar8.
During the fundraising phase (2009 to 2015) the Trustees approached a number of grant giving trusts and
charities to support the project. The focus has sSnce moved to the operation of the facilities.
Achlevements and performance
a. Revlew of actlvltles
Phase 1 of the new boathouse development was completed In May 2011: this comprised the shell and core of
the building and ground floor storage for rowing boats and canoes.
Phase 2, the fit out of the first floor, was completad and op8ned to users In August 2015.
In 2024 NoNich Rowing Club held several junlor and adult Learn2Row courses providing coaching to beginners
with each course lasting up to 3 months. Novice. experienced and recreational crews comp6ted with success at
local, national and international regattas.
Norwich Canoe Club held numerous Learn to Kayak courses in 2024 and hosted several schools for kayaking.11
also took part in the Festival of Sport at Holkham Hall, three fetes, the Forum in Norwich and the Royal Norfolk
Show to promote kayaking lo all ages. As with the rowers, the kayakers also competed in events around the
country.
The UEA Boat Club and the school boat clubs encouraged their student5 and pupils respectively to take up
rowing. Participating numbers were maintained from previous years and pupils and students achieved some
good results at competitions both regionally and nationally. One former UEA student and NRC member won a
silver medal at tho Paris Olympics.
East Anglia Youth Rowing, a charity which introduces children at state schools to rowing, started to operate on
the site in the summer of 2023 and continued in 2024 with a summer term programme.
Page 3

## **WHITLINGHAM BOATHOUSES FOUNDATION LIMITED** 

## **(A Company Limited by Guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **Objectives and activities (continued)** 

In 2011, the trustees established the first disabled rowing and canoeing facility in Norfolk with the arrival of both adaptive canoes and rowing boats. They were able to expand this fleet in 2012 with a joint grant from British Rowing and the Broads Authority Sustainable Development Fund 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 to emphasise the safety aspects of both sports both on and off the water. Following on from the establishment of a defibrillator in 2013, the company has played a key role in working with its own users and the Broads Authority to enhance powerboat skills for coaches as well as working with other users to coordinate river based activities. 

Thanks to the generosity of the Norwich North Alpha LIONS Club and the Thomas Cook Children’s Charity, the trustees were able to establish a bursary scheme for those from deprived communities to allow them to take part in rowing or canoeing activities regardless of their means. There were no applications for bursaries during the year. 

The financial focus continues to be on the operation of the facilities and generating income. In order to supplement the income from member club subscriptions, once again in 2024 the facility played host to several canoeing and rowing training camps for clubs from outside the Norwich area. 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **b. Reserves policy** 

The charity undertook significant fundraising activities to finance the building of the new boathouse at Whitlingham. At the 31 December 2024 the charity has unrestricted reserves of £960,769 (2023: £968,586) and restricted reserves of £16,800 (2023: £16,800). The charity has net current assets of £17,208 (2023: £10,117). 

The reserves policy is to maintain a cash reserve, not including restricted funds, sufficient for the operation of the charity and the ongoing maintenance of the boathouse, which is approximately 3 months of operational expenditure. The level at 31 December 2024 is £14,657 (2023: £35,358), which is in line with the policy. 

Page 4 



WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
{A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
statement of Trustees, rosponsibiliti88
The Trust88s (who are also the directors of the company for th8 purposes of company law) are responsible for
preparing the Trustaes, Report and the financial stalem6nts in accordance with applicable law and United
Kingdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financlal 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 its incoming resources and application of resources, including
its incom8 and expenditure, for that period. In preparing these financial ststemenls, the Trustees are requlred to:
select suitable accounting policies and then apply Ihem consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.
make judgments and accounling 6Stimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial slatements.,
prepare the flnanclal statements on the going concern basis unless It Is Inappropriate to presum8 that the
company will continu8 In busin8ss.
Th8 Trust88s are responsib18 for k88ping ad8quat8 accounting r8cords that ar8 sufficl8nt to show and explaln
the company's transactions and disclose with reasonable accuracy al any lime the flnanclal posltlon of the
company and enable them to ensure thal the financial stalements comply with the Companles Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevenlion and deteclion of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
R W Roblnson
Date:
2ylfi12
Page 5

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarante8)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examlner's Report to the Trustees of Whltllngham Boathouses Foundatlon Llmlled
('the company,)
I report to the charlty Trustees on my examination of the accounts of the company for the year ended 31
December 2024.
Responslbllltle8 and Basls of R8POrt
As th8 Trustees of th8 company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of th8 Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not r8quired to be audited under Part 16 of the
2006 Act and are eligible for independent examlnatlon, I report in respect of my examination of the companls
accounts carried out under seclion 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(51(b) of the 2011 Act.
Independent Examlnorfs 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 r8cords were not kept Sn respecl of the company as required by section 386 of the 2006 Acl.,
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 olher than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination. or
the accounts have not been prepared in accordance wilh the melhods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicablo to Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
If8land IFRS 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.
This report is made solely to the companys Trustees, as a body, in accordance with Part 4 of the Charilies
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the companls
Trustees those matters l am required to Stale to them in an Independent Examiner's Report and for no other
purposo. To the fullest extenl permitted by law, I do nol accept or assume responsibility to anyone other than the
company and the company's Trustees as a body, for my work or for this report.
Signed:
Christopher Yeates FCA DChA
Larking Gowen LLP
Chartered Accountants
Norwich
[1, I,h.-lJ
D*6. Zè s I,L 208
Page 6

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limlted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Rgslrlcted Unrastrlclad
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Noto
Income from:
Charltable activities
Investments
102,175
240
102,175
240
90,260
116
Total Income
102,415
102,415
90.376
Expendlture on:
Chafltable activities
110,232
110,232
100,291
Total 8xpendlture
110.232
110,232
100,291
Net movement In funds
(7,817)
(7,817)
(9,915)
Reconclllatlon of funds:
Total funds brought foNard
Nel movement in funds
16,800
968,586
17,817)
985,386
(7,8171
995,301
(9,915)
Total funds carrled forward
16,800
960,769
977,569
985,386
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 7

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limlted by Guarantee)
REGISTERED NUMBER: 07012582
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Flxod assets
Tanglble assets
Current assets
965,622
992, 665
Debtors
Cash at bank and in hand
63,251
31,457
44,322
52,158
94,708
96,480
Creditors.. amounts falling due within on8
year
10
(77,4801
(86,363)
Net current assets
17,228
10,117
Total assots less current Ilabllltles
982,850
1,002, 782
Creditors.. amounts falling due after more
than one year
(5,281)
(17,396)
Total net assets
977,569
985,386
Charlty funds
Reslricted funds
Unrestricted funds
12
12
16,800
960,769
16,800
968,586
Total funds
977,569
985,386
Page 8

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
REGISTERED NUMBER: 07012582
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the yaar in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their r6sponsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financlal statements.
The financial statements hav8 been prepared In accordance wlth the provisions applicable to enlities subject to
the small companies regime.
The financial statements were approved and authorlsed for Issue by the Trusle8s and signed on their behalf by:
R W Roblnson
Date:
The notes on pages 10 to 20 form part of these financial slatemenls.
Page 9

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Infomiatlon
Whitlingham Boathouses Foundation Limited is a charilable cornpany limited by guarantee. charity
number 1133063 and company number 07012582. The registered office is 7 Wainwright Close. Lowestoft,
Norfolk, NR32 4WG.
Accountlng pollcles
2.1 Basls of proparatlon of flnanclal statomonts
The financial slatements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
pr8paring their accounts in accordanc6 With the Financial R8POrting Slandard applicable in the UK
and Republic of Ireland IFRS 102) (effectlV8 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ir8land {FRS 102) and the Companies Act 2006.
Whltllngham Boalhouses Foundatlon Llmited meets the definltlon of a publlc benefit entity under FRS
102. Assets and liabilities are initially recognised at historlcal cost or transaction value unless
olherwise stated in the relevant accounting policy.
The financial statements are presented in sterling, which is the functional currency of the Company,
and rounded to the nearest £.
2.2 Golng concern
The trustees have considered the charity's position at the lime of signing the financSal statements.
The trustees have prepared budg8ls and forecasts which Indicate the charity will hav8 sufficient
funds to meet its liabilitl8s as they fall due. Tha trustees have also considered the financial r8sources
available to the charity, and abS11ty to ralse additional funds through raising service charges or reduc8
costs should this b8 required.
Based on this, the trustees have concluded that they hav8 a reasonabl8 expeclation that the charity
will have adequate resources to continue in operational existence for the foreseeable future, and at
least twelve months from the dale of signing these financial statemenls. They therefore continue to
adopt the going concern basis of accounting in preparing these financial statements.
2.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Truste&s in
furtheranc8 of the general objectives of the company and which have not b88n designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions 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 fund. The aim and use of each restricted
fund is set out in Ihe notes to the financial stalemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles (contlnued)
2.4 Income
All income is recognised once the company has enlillement to the income. it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time Ihe investment
income is receivable.
2.5 Expendlturn
Expendilure Is recognised onc8 there is a18gal or constructiv& obligation to transfer economic benefit
to a third party, It is probable that a Iransfer of 8¢0nomi¢ benefits will be requlred in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are mad8 up of the total of direcl costs and shared costs, including support costs
involved in undertaking each aclivity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned belween those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and deprecialion
charges allocaled on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
company's objectSves, as well as any associated support costs.
All exp8nditure Is incluslve of irr8COV8rabl8 VAT.
2.6 Interest recelvable
Inlerest on funds held on deposit Is included when receivable and the amount Can be measured
reliably by the company; this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciatlon
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and Ihe cost or valu8 of the asset can be measured reliably.
Tangible fixed assets are initially recognised al cost. After recognltion, under the cost model, tangible
fixed assets ar8 measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cosl.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following bases:
Long-term leasehold property
Equipment
2 /0 slraighl line
10 /0 slraight line
Page11

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantea)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles {contlnued)
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investmenls with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheel date as a result of a past
event, it is probable that a transfer of economlc benefit will be required in selt16menl, and the amounl
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates il will pay to settle the debt or
the amount it has recelved as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the affect of the time value of money is material, the provision is based on the present value of those
amounts. dlscounled at the pre-tax discount rat8 Ihal reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financlal Activities as a finance cost.
Income from charltable actlvltles
Unrostrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Service charges, kitchgn income and facilities hire
102,175
102,175
90, 260
Total 2023
90, 260
90,260
Page 12

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture on charltable actlvltles
Summary by fund type
Unreslricted
funds
2024
Total
2024
Tot81
2023
Boathouse operating costs
110.232
110,232
100,291
Tot812023
100,291
100,291
Analysls of expendSturo by actlvltles
Actlvltlos
undertaken
dlrectly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Boathouse operating costs
93,723
16,509
110,232
100,291
Total 2023
83,914
16,377
100,291
Page13

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles (contlnu8d)
Analysls of dlrect costs
Boathouse
project
2024
Total
funds
2024
Total
funds
2023
Rent
Legal and professional
Deprecialion
Operating costs
Governance costs
7,500
3,798
27,043
63,007
2,375
7,500
3,798
27,043
53,007
2,375
9,354
603
27,043
44,664
2,250
93,723
93,723
83,914
Total 2023
83,914
83,914
Analysls of support costs
Boathouse
project
2024
Total
funds
2024
Total
funds
2023
Administralion
Insurance
1,989
12,970
1,550
1,989
12,970
1,550
3, 133
10,996
2,248
Finance costs
16.509
16,509
16,377
Total 2023
16.377
16,377
Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £2,375 (2023
£2, 250).
Page 14

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits {2023- £NIL).
During the year ended 31 December 2024, no Trustee 8xpensgs have been incurred (2023 - £NIL).
Tanglble flxod assets
Long-terni
leasehold
property
Plant and
machinery
Total
Cost
At 1 January 2024
1,278,236
43,073
1,321,309
At 31 December 2024
1,278,236
43,073
1,321,309
Dapreclatlon
At 1 January 2024
Charge for the year
287,432
25,565
41,212
1,478
328,644
27,043
At 31 December 2024
312,997
42,690
355,687
Net book value
At 31 December 2024
965,239
383
965,622
At 31 December 2023
990,804
1,861
992,665
Debtors
2024
2023
Due withln one year
Trade debtors
63,251
44,322
Page 15

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Credltors: Amounts falllng due wlthln one year
2024
2023
Bank loans
other taxation and social security
Accruals and deferred income
12,114
15,974
49,392
11.350
18,080
56,933
77,480
86,363
Bank loans due within one year relate to the capital repayments to b8 made over the course of the next
year. Interesl lotalling £1,55012023: £2,246) was charged to Ihe charitabl8 company during th8 y8ar.
2024
2023
Deferrnd Income
Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous periods
45,614
43,136
(45,614)
34.696
45,614
(34,696)
43,136
45,614
Deferred income relates to annual servlce charges received in advance in relation to the 2024125 period.
11.
Credltors: Amounts falllng du8 after more than one year
2024
2023
Bank loans
5,281
17,396
The bank loan from Tha Charity Bank Limiled is secured by a fixed charge over the leasehold property.
Bank loans due in more than one year relate to capital repayments to be made on the loan.
Page 16

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Statement of funds
Statement of funds - current year
Balance al
31
December
2024
Balance at 1
January
2024
Income Expendlture
Unrestrlcted funds
General Funds - all funds
968,586
102,415
1110,232)
960,769
Restrlcted funds
Coaching
Bursary fund
Disability fund
3,980
4,820
8,000
3,980
4,820
8,000
16,800
16,800
Total of fund8
985,386
102,415
{110,232)
977,569
Page17

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Statement of funds (conllnued)
Statement of funds - prlor year
Balance at
31
December
2023
Balance al
1 January
2023
Income Expenditure
Unrestrlcted funds
General Funds - all funds
978,501
90,376
(100,291)
968,586
Restrlcted fund8
Coaching
Bursary fund
Disability fund
3,980
4,820
8.000
3,980
4,820
8,000
16,800
16.800
Total of funds
995,301
90,376
(100,291)
985,386
The coachlng fund is to assist with coachlng costs associated with the'Explore Rowing, programme.
The bursary fund Is to 'sponsor' the costs of young people either In tralning or to help them with
subscription costs.
The disability fund is to provide increased access for the disabled and help those with learning difficulties.
Page 18

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Analysls of net assets batwoen funds
Analysls of net assets b8tw8en funds - Current period
Rostflctod Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Currenl assets
Creditors due within one year
Creditors due in more than one year
965,822
77.908
177,4801
15,281)
965,622
94,708
(77,480)
(5,281)
16,800
Total
16,800
960,769
977,569
Analysls of net assets between funds - prlor perlod
Reslricl8d UnreslriGt8d
funds
funds
2023
2023
Total
funds
2023
Tangible flxed ass8ts
Current assels
Creditors due within one year
Creditors due in more than one year
992,665
79,680
(86,363)
(17,396)
992,665
96,480
(86,363)
(17,396)
16,800
Total
16,800
968,586
985,386
14.
Operatlng lease commltments
At 31 Dacember 2024 th@ company had commitments to make future minimum lease payments under
non-cancellable operating leases as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
7.500
37,500
427,500
7,500
37,500
435,000
472,500
480,000
Page 19

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Related party transactions
The company has not entered into any disclosable related paty transaction during the year. nor are there
any disclosable oulstanding balances owing be￿een related parties and the company at 31 December
2024.
Page 20