Reglstered number: 07012582 Charity numbor: 1133063 WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 CONTENTS Page Reference and Adminislrative Delails of the Company. its Truslees and Advisers Trustees. Report Independent Examlnerfs Report Statement of Flnanclal Actfvltles Balance Sheet Notos to tho Flnan¢lal Ststomonts 10-20
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees R W Robinson (appointed 14 May 20251 P J Steele (resigned 14 May 2025) ADRoss H F Middleton D C Conway S J B Horth (resigned 14 May 2025) M K Heae (appointed 14 May 20251 Company rggistgred number 07012582 Charfty reglstered number 1133063 Reglstered office 7 Wainwright Close Lowesloft England NR32 4WG A¢¢ountants Larking Gowen LLP Chartered Accountants 1 st Floor, Prospect House Rouen Road Norwich NR1 1RE Page 1
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report together th the financial statements of the company for the 1 January 2025 to 31 December 2025. The Annual Rep)rt serves Ihe purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Retxjrt and financial statements of the charitable company comply wth the current slalutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their ac(x)unts in accordance wth the Financ1 Rewrb"ng Standard applicable in the UK and Republic of Ireland IFRS1021 leffecb.ve 1 January 20191. Since the company qualifies as small uThler sects.on 382 of the Companies Act 20(%, the Strategic Report required of medium and large companies under the Companies Act 2C#)6 (Strategic Rewrt and Directors. Report) Regulations 2013 has been omitted. Stru¢ture, goveman¢e and management a. Constltutlon Whitlingham Boathouses Foundation Limf(ed is registered as a charitae ccrfnpany limited by guarantee and was sel up by a Memorandum of Associaon. The principal object of Ihe company is lo advance amateur sport for the public benefit and in particular water sports including rowng and canoeing by managing and assisting in the provision of facilities 8t Whitlingham. Norwich. b. Methods of appolntrnent or elecllon of Trustees The management of the company is the reswnsibility of Ihe Trustees are elected and Copted under Ihe lemis of the Memorandum of Association. In addikn"on, new members are provided with detailed information about the Charity 8nd 8re encouraged to read Charity Commission and other newsletters deswJned to keep them abieasl of their duties and responsibilibes. c. Organisational structure and decision-making policies The Tnjstee board currentty c(Knprises one representative drawn from each of the 5 founding dubs. namely, Norwich Rowing Club, Norwich CarK)e Club. Universty of East Anglia Boat Club, Norwch Schcx)l Boat Club and NoThwich High School Rowing Club. The Trustees meet at leasl 3 times each year. The Trustees have e$tsbIhed an Operational Management Committee, which meets to oversee the day to day operations of the facility. It indudes representation from each of the founding dubs. Oblectlves and actlvltles a. Pollcles and objectlves In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Chanty Commission rdalirKJ to pU1C benefit, induding the guidance 'Public benefit.. running a charity {PB21'. Page 2
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Oblo¢tlv•s and actlvltl•$ {¢ontinuod) The initial obj'ective of the tharity vras to develop a new cornmunity Exjathouse for Towng and canoeing in Whillingham Country Park on land leased from the Whillingham Charitable Trust, and this was achieved in August 2015. The focus has since moved lo enhancing the facilty and maintaining the site for the benefit of the communrty. The Trustees have adopted a range of best practice wlicies induding water safety, thild protection and vulnerable adults as promulgated by Bnb"sh Rowng. In addtb.on arKI where applicable. British Canoe Unii) FM)licies have been adopted. b. A¢tlvhl¢s for achlevlng obJ¢¢tlve$ Whitlingham Boathouses Foundation (Registered Charity 11330631 was established to develop and maintsin a communrty rowng and canoeing facility in Whrtlingham C(MJntry Park for the LEnefil of Norfolk and Norwich. The founding clubs {Ni)lch Rowng Club. Norwich Canoe Club. Universty of East Anglia Boat Club, Norwich School Boat Club, and Norwich High School Rowing Clubl joined for5 under Ihe banner of the "As One... Campaign" to raise funds to develop a new community boathiMJse. thereby expanding the existing facilrties adIat lo the River Yare. Ouring the fundraising phase {29 to 2015) the Trustees apKKO8ched a number of grant giving tnjsts 8nd charilies to support the project. The focus has Sin moved lo the operation of the facililies. Achlevements and perfonnance a. Revlew of actlvities Phase 1 of the new boalhouse development was completed in May 2011.. this comprised Ihe shell and core of the building and ground floor storage for rowing boats and canoes. Phase 2. the fit out of the fiTSt flr. was (£*neted and opened to users in August 2015. In 2025 Nowch Rowing Club held several junior and adull Leam2Row courses providing coaching to beginners with each course lasting up lo 3 months. The club also had a stand 8t the Roy81 Norfolk Show lo promote rowing. Novice, experienced and recreational crews competed th success al local, national and intemational regattas. NoTh¥ich Canoe Club held numerous Leam to Kayak courses in 2025 and hosted several schools for kayaking. 11 also took part in the Festival of at Holkham Hall, the Forum in NOl¢h and the Royal Norfolk Show to promote kayaking to all ages. As with the rowers. the kayakers also competed in events around the county. The UEA Boat Club and the sch(K)l iN)at clubs encouraged their sludenls and pupils respectively lo tske up rowing. Pa.¢1patlng numbers were maintained from previous years and pupils and students achieved some good results at competitions regionally and nab"onally_ One fomier UEA sludent and NRC member won a silver medal al the Paris Olympics. One current Norwch School pupil was selected to row for Great Britain in 2025 and won a gold medal at the wodd U19 Champn$hIp$. Page 3
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Oblo¢tlv•s and actlvltl•$ {¢ontinuod) East Anglia Youth Rwng, a charty intr(MIuS children al state schools to rowng. started to operate on the site in the summer of 2023 and continued in 2025 with a summer lemi programme. In 2011, the trustees established the first disabled rowing and canoeiThJ faciltty in Norfolk with the afflval of both adaptive canoes and rowing boats. They were able lo expand this fleet in 2012 with a joint grant from British Rowing and the Broads Authority Sustsinable Development Fund which enabled the launch of 2 quadruple sculling boats and 2 double sculling boats. These boats have been used for peoFAe of all ages and abilities as a stepping stone into wider rowing activity. The trustees have continued lo 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 05 useTS and the Broads Authority to enhanLE powerLxiat skills for coaches as well as working with other users to coordinate river bas1 actsvibes. Thanks lo the generosity of the Norwich North Apha LIONS Club and the Thomas Ccx)k Children's Charity, the Iruslees were able to establish a bursary scheme for those from deprived communities lo allow them lo lake part in rowing or canoeing aclivthes regardless of their means. There were no applications for bursaries during the year. The financial focus continues to te on the operalion of the faul1eS and generating income. In order to supplement the income from member club subscriptions, once again in 2025 the facility played host to several canoeing and rowing training camps for dubs from outsKle Ihe Norwich area. Flnanclal revlew a. Golng concem After making appropriate enquiries, the Tnjstees have 8 reasonable exk*Ctation that the company has adequate resources to continue in operatsonal existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding Ihe adoption of the going concem basis can be found in the accounting policies. b. Reserves policy The tharity undertook Snificant fundraing activities to finance the building of the new boathouse at Whitlingham. At the 31 December 2025 the charity has unrestricted reserves of £957.73712024- £960,769) and restricted reserves of £16,800 {2024.. £16,800). The charity has net current assets of £34,863 {2024.. £17,208). The reserves policy is to maintain a cash reserve. not induding restricted fijnds. 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 310ecember 2025 is £17.9)9 (2024.. £14.6571. which is in line with the policy. Page 4
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 stst•mont of Twst•e$' rèsponslbllltlos The Trustees {who are also the directors of the company for the purposes of Lximpany lawl are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of its incoming resources and applicab.on of resources, including its income and expenditure. for that peri¢yJ. In preparing Ihese financial statements. the Truslees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles of the Chatiknes SORP IFRS 1021., make judgments and accounting estimates that are reawiable and prudent: stale whether applicable UK Accounting Slandards IFRS 102) have followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on Ihe Ing COnrn basis unless it is inappropriate to presume that the company wll continue in business. The Trustees are responsible for keeping adequale accounting records that are sufficient to show and explain the company's transactions and disclose wth reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006_ They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other legUlarl1]eS. Approved by order of the members of the board of Trustees and signed on their behalf by. R W Robinson Dale: 14 May 2026 Page 5
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Indgpgndent Examingrfs Report to thg Tru¥tggs of Whitlingham Boathouses Foundation Lirnited (Ihe company.) I report lo the charity Trustees on my examination of the &counls of the company for the year ended 31 December 2025. Rgsponsibilitigs and Basis of Rgport As the Trustees of the company land its directors for the purFM)ses of company lawl you are restx)nsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 Ilhe 2006 Acl'l. 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 the compan¥s accounts carried out under seclion 145 of the Charities Act 2011 {'the 2011 Acl'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145{51{b) ol Ihe 2011 Act. Indèpèndènt Examin8rfs Statèmènt I have completed rny examination. I confirrn that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting record5 were not kept in respect of the company as required by section 386 of the 2006 ACL or the accounts do not accord y those records., or Ihe accounts do not comply with the accounting requirements of seclion 396 of the 2006 Act other than any requirement that the accounts give a Irue and fai¢ wew whid) is not 8 matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methcxjs and principles of the Slalement of Recommended PraCts. for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance wrth the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no cOnrS and have come across no other matters in connection wlth the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the acwunts to be reached. This repK)rt is made solely to the cLNnpanls Trustees. as a Lx)dy. in accordance with Part 4 of the Charities IAccounts and Reports} Regulations 2008. My work has been undertaken so that I might stale to the companvs Trustees those matters l am required to stale to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the companls Tnjstees as a bL¥Jy. for my work or fc this report. Signed-. Chrlstopher Yeates FCA DChA Dated: 14 May 2026 Larking Gowen LLP Chartered Accountants Norsich Page 6
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 STATEMENT OF FINANCIAL AcTIVlEs {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Incomè from: Charitable aclivrties Investments 101,125 101,125 102,175 240 Total Incoma 101.125 101.125 102,415 Expendlture on: Charitable ackn"vibes 104,157 104,157 110,232 Total expendlture 104.157 104.157 110,232 N•t mov•m•nt In funds {3.032) 13,0321 (7,817) Raconciliation of funds- Total funds brought forward Nel movement in funds 16.800 960.769 {3.032) 977.569 13.0321 985,386 (7,87 T) Total funds carriod forward 16,800 957,737 974,537 977,569 The Statement of Financial Activities indudes all gains and losses renised in the year. The notes on pages 10 10 20 fom part of these financial statements. Page 7
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirniled by Guarant901 REGISTERED NUMBER: 07012582 BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Flxed assets Tangible assets Currgnt assets 939,674 965,622 Debtors Cash at bank and in hand 73,652 34,309 63,251 31,457 107.961 94, 708 Currenl liabilities Creditors.. amounts falling due wthin one year 10 (73,0981 (77,480) Ngt currgnt assets 34.863 17,228 Total assets less current liabilities 974.537 982.850 Creditors.. amounts falling due after more than one year (5,28t) Totsl n•t 0S$gt$ 974.537 977,569 Charity funds Reslricled funds 12 12 16.800 957.737 16,800 960,769 Unrestricted funds Totsl funds 974.537 977,569 Page 8
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirniled by Guarant901 REGISTERED NUMBER: 07012582 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The company was entitled to exemption from audit under section 477 of the Companies Act 20C6. The members have not required the company to oblain an audit for the year in question in accordan with section 476 of Companies Act 2006. The Trustees acknovledge their reswnsibilities for comptying vthh the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance the prowsions applicable to entrties subject to the small companies regime. The financial statements were approved and authorised for issue by the Tnjstees and signed on their behalf by.. R W Robinson Dale: 14 May 2026 The notes on pages 10 to 20 form part of these financial 5taternents. Page 9
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ggngral inforrnation Whitlingham Boathouses Foundation Limited is a charitable company limiled by guarantee, charty number 1133063 and MpanY number 07012582. The registered office is 7 Wainvfflght Close, Lowesloft. Norfolk, NR32 4WG. A¢¢ounting polici9$ 2.1 Basls of preparatlon of financlal statements The financial statements have been prepar1 in accordance with the Charities SORP {FRS 1021 Accounting and RertIng by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance the Financial ReFK)rting Standard applicable in the UK and Republic of Ireland {FRS 102) {effeclive 1 January 2019). the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Whitlingham Boathouses Foundation Limited meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially reccKJnised at historical cost or transaction value unless olherwse stated in the relevant accounting w1y. The financial statements are presented in sterling. which i% the funclh)nal currency of the Company, and rounded to the nearest £. 2.2 Golng concern The tTUStees have consMJered the chariws positM al Ihe time of sKJning the financial statements. The trustees have prepared budgets and forecasts vthich indicate the charity will have sufFicienl funds to meet rts liabilities as they fall due. The Iruslees have also considered the financial resources available lo the charity, and abilty lo raise additIcal funds through raising service charges or redu costs should this be required. Based on this, the Iruslees have concluded Ihal they have a reasonable expeclalion that the charity 11 have adequate resour$ lo ConnUe in OFerational existence for the foreseeable future, and al least twelve months from the date of snIng these financial staternenls. They therefore continue to adopt the going concern basis of accounting in pieparing these financval statements. 2.3 Fund accountlng General fvnds are unrestricted fvnds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the company and which have not been desJnated for other purposes. Restricled funds are fvnds %thich are to be used in accordance Nwlh S¢ITIC restrictions imposed by donors or which have been raised by the company for particular putwses. The costs of raising and administering such funds are charged against the stttific fvnd. The aim and use of each restricted fund is sel out in the notes to the financial stalements. Investment income. gains and losses are alkled to the appropriate fund. Page 10
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policigs (continugd) 2.4 Income All income is reccxjnised once the company has enlittement lo the income, it is probable that the income wll be received and the amwnt of income receivable can be measured reliably. Income tsx recoverable in relation lo investsnent income is reJn1Sed at the tsme the investment income is receivable. 2.5 Exponditur• Expenditure is recognised once there is a legal or construth.ve obligation to transfer economic benefit to a third party, rt is probable that a transfer of economic benefits will be required in settlement and the amount of the oblallOn can be measured reliably. Expendilure is Classified by activity. The costs of each aC"ty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each acttvrty. Direct costs attn"butable to a single acliwty are allocated direclty to that activity. Shared costs which contn.bute to more than one activity and support costs which are not attributable to a single acb.wty are apportioned between those activibes on a basis consistent with the use of reSoUrs. Central staff costs are alhxated on the basis of time spent, and depreciation charges allocated on the F"On of the asset's use. Expenditure on charrtable acb"Mti"es is incurred on direcuy undertaking the activities which further the companvs objectives. as YRII as any associated 5UPPOrt Costs. All expenditure is inclusive of irrecoverable VAT. 2.6 Interest receivable Interest on funds held on deposrt is included when r1vab and the amount can be measured reliably by the company.. this is normally upon notification of the interest paid or payable by the institution wth whom the funds are dewstted. 2.7 Tangiblo fixed assets and depreciation Tangible fixed assets costing £500 or more are capilalised and recc¥Jnised when future economic beneffts are probable and the cost or value of the asset can be measured reliabty. Tangible fixed a55et5 are initially recLyJni5ed at cost. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs inCued to bring a tangible ffixed asset into its intended working condition should be included in the measurement of cosL Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful Irves. . Depreciation is provided on the followng bases: Long-lem leasehold propety Equipment 2% straKJht line 10% straight line Page 11
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policigs (continugd) 2.8 Debtors Trade and other debtors are recniSed at the settlement amount after any trade disCnt offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.9 Cash at IMnk and in hand Cash al bank and in hand indudes cash and short-lem highly liquid investrmenls wrth a short maturity of three months or less from the date of acquisib.on or opening of the deposit or similar account. 2.10 Liabilitiè$ and provisions Liabilitses are recognised when there is an obligation at Ihe Balance Sheel date as a result of a past event, it is probable that a transfer of econom benefrt wll be required in settlement, and the amount of the settlement can be eskn"mated reliably. Liabiltties are recognised at the amount that the company anticipates it wrll pay lo settle the debt or the amount il has received as advanced paents for the goods or ServIS it must provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the Provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is rewJnised in the Statement of Financial Activitses as a finance cost. Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Service charges. kttchen inrne arKI falItieS hire 101.125 101,125 102.175 Total 2024 102. 175 102,175 Page 12
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Anotysis of gxpgnditurg on charitablg activities Summary by fund type Unrestricted fvnd$ 2025 Total 2025 Total 2024 Boathouse operating costs 104,157 104.157 110,232 Total 2024 110.232 110.232 Analysls of expendlture by actlvttles ACtIvleS undertaken directly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Boathouse operating costs 87,657 16,500 104,157 110,232 Total 2024 93,723 16,509 110,232 Page 13
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Anotysis of gxpgnditurg by activitigs (continued) Analysis of direct costs Boathouse project 2025 Total funds 2025 Total funds 2024 Rent Legal and professional Depreaation Operating costs Govemance costs 7.500 250 25,948 51,525 2.434 7,500 3,798 27,043 53,007 2,375 250 25.948 51.525 87,657 87,657 93,723 Total 2024 93.723 93, 723 Analysis of support costs Boathouso project 2025 Total fund5 2025 Total funds 2Q24 Adminislralion Bad debts Insurance 727 2.553 12,446 774 727 2,553 12,446 774 1,989 12.970 1,550 Finance costs 16.500 16.500 16,509 Total 2024 16,509 16,509 Indepondont exarnlnorfs r•munoratlon The independent examinerfs remuneration amounts to an independent examiner fee of £2,425 {2024 £2,375). Page 14
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustges. remungration and gxpgnsgs Dunng the year, no Trustees received any remuneration or other beneffts (2024- £NIL). During the year ended 31 December 2025, no Trustee expenses have been incurred (2024- £NIL?. Tangible fixgd assgts Long4ern) leasehold property Plant and machinery Totsl Cost At 1 January 2025 1.278.236 43.073 1.321,309 At 31 December 2025 1,278,236 43,073 1,321,309 Depreclatlon At 1 January 2025 Charge for the year 312.997 25.565 42.690 383 355,687 25,948 At 31 December 2025 338.562 43.073 381,635 Net book value At 31 December 2025 939.674 939,674 At 31 December 2024 965,239 383 965,622 Debtors 2025 2024 Due within one year Trade debtors 73.652 63.251 Page 15
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Crgditors: Amounts falling dug within one year 2025 2024 Bank108ns 5,281 15.234 52.583 12.114 15,974 49.392 Other taxab.on and sccial securty Accnjals and deferred income 73.098 77,480 Bank loans due thin one year relate to the capital repayThenls to be made over the course of the next year. Interest totalling £77412024.. £1.5501 as charged to the charrtable company during the year. 2025 2024 Deferred income Deferred income al 1 January 2025 Resources deferred during the year Amounts released from previ)us perhjds 43.136 42,108 143,136) 45.614 43.136 (45,614) 42.108 43,136 Deferred InMe relates to annual Servi charges re(*Ned in advance in relation lo the 2025126 period. 11. Credltors: Amounts falllng due after more than one year 2025 2024 Bank loans 5,281 The bank loan from The Charity Bank Limited is secured by a fixed charge over the leasehold propety. Bank loans due in more than one year relale lo capital repayments lo be made on the loan. Page 16
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. ststgmgnt of fvnds Statement of funds - current year Balancg at 31 Dg¢gmber 2025 Balance at 1 January 2025 In¢om9 Expgndituro Unrestrlcled funds General Funds 960,769 101.125 (104.157) 957,737 Restrlcted ndS Coaching Bursary fijnd Disabilty fund 3,980 4,820 8.000 3,980 4,820 8.000 16,81)0 16,800 Total of funds 977,569 101,12S 1104,157) 974,537 Page 17
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. ststgmgnt of fvnds {¢ontinugd) Statement of funds - prior year Balan at 31 December 2024 Balance at 1 January 2024 Income Expenditu Unrestrlcled funds General Funds 968.586 102.415 f1tO,232) 960,769 Rostrictod Trds Coaching Bursary fund Disability fund 3,980 4,820 8.000 3, 980 4,820 8.000 16,8CKI 16,800 T¢)tsl of funds 985,386 102,415 (110.232) 977,569 The coaching fund is lo assisl coaching costs associaled byilh the 'Explore Rowing. programme. The bursary fvnd is to 'swnsorf Ihe costs of yvung people either in training or to help them with subscription costs. The disabilty fund is lo provide increased access for Ihe disabled and help those with leaming dthculties. Page 18
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 13. Anotysis of net assets bgtwggn funds Analysis of net assets between funds - current year Restricted Unrgstrictgd funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 939,674 91.161 173,0981 939,674 107,961 {73,0981 16.800 Total 16,800 957,737 974,537 Analysis of net assets between funds - prlor year Resthcted Unrestricted fvnds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 965,622 77,908 (77,480) (5,281) 965.622 94,708 (77,480) (5,281) 16,800 Totsl 16,800 960, 769 977,569 14. Operating lease commitments At 31 December 2025 the company had c¥)mmtlments to make future minimum lease panents under nOn-CanlIable operating leases as follow5= 2025 2024 Not later than 1 year Later than 1 yEar and not later than 5 year5 Later than 5 years 7.500 37.500 435,000 37,51JO 427.51 472,500 480,000 Page 19
WHITLINGHAM BOATHOUSES FOUNDATION LIMITED (A Cornpany Lirnited by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 15. Related party transactlons The company has not entered into any related paty transaction during the year, nor are there any outstanding balances owing between related parb.es and the company at 31 Dember 2025. Page 20