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 Hea￿e (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 Financ￿1 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 charita￿e ccrfnpany limited by guarantee and
was sel up by a Memorandum of Associa￿on.
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 C￿opted 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$tsbI￿hed 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 pU￿1C 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 for￿5 under Ihe banner of the "As One...
Campaign" to raise funds to develop a new community boathiMJse. thereby expanding the existing facilrties
adIa￿￿t lo the River Yare.
Ouring the fundraising phase {2￿9 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 fl￿r. was (£*n￿eted 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 NO￿l¢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 Champ￿n$hIp$.
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(MIu￿S 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 bas￿1 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 faul1￿eS 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 S￿nificant fundrai￿ng 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 COn￿rn 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 l￿egUlarl1]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 cOn￿r￿S 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
Nors*ich
Page 6

WHITLINGHAM BOATHOUSES FOUNDATION LIMITED
(A Cornpany Lirnited by Guarant901
STATEMENT OF FINANCIAL AcTIV￿lEs {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 re￿nised 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 prepar￿1 in accordance with the Charities SORP {FRS 1021
Accounting and Re￿rtIng 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 w1￿y.
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 additIc￿al 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 Con￿nUe in OFerational existence for the foreseeable future, and al
least twelve months from the date of s￿nIng 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 des￿Jnated 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 alk￿led 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 re￿Jn1Sed 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 obl￿allOn 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 reSoUr￿s. 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 r￿1vab￿ 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 inCu￿ed 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 rec￿niSed at the settlement amount after any trade disC￿nt 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 pa￿ents for the goods or ServI￿S 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 in￿rne arKI fa￿lItieS 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
ACtIv￿leS
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 In￿Me 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 pa￿nents under
nOn-Can￿lIable 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 De￿mber 2025.
Page 20