Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF e Nonesuch Rowing Foundation 2023 Annual Report Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF The Nonesuch Rowing Foundation Saltford Rowing Centre Bath Road Saltford Bristol BS31 3JS nonesuchrf@gmail.com ubbcalumni.com/nrf Charitable Incorporated Organisation Registered Charity Number 1190599 ## e Trustees of e Nonesuch Rowing Foundation Ben Bathurst Tom Clark Tom Davies Tom Judd Charlie Lewis Poppy Mather Sebastian Tjornelund ## **Report of the trustees for the period ended 31st December 2023** The trustees present their annual report and financial statements of the charity for the period ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 of the accounts and comply with the charity’s constitution, the Charities Act 1993 and the Statement of Recommended Practice: Account and Reporting by Charities published in 2019. **Photography by Aaron Sims** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Introduction 2023 was the second full year of activity for the Nonesuch Rowing Foundation. Our mission has been simple; to widen access to rowing for students in Bristol. Aside from fulfilling our reporting obligations to the Charity Commission, this report is an opportunity to share with you in more detail what we’ve been doing to enable students in Bristol to be involved in our sport. You will be able to read more about how we want to grow our donation income to expand our support and make it easier for us to make larger grants more frequently. We’d like all readers to think about what part they could play in helping us reach our fundraising goals. It gives us great pride to share our early achievements with you. None of this would be possible without the support of our generous donors and volunteers. On behalf of all of the trustees and the students in Bristol who benefit from your support, thank you. **Ben Bathurst** Chair of the Nonesuch Rowing Foundation Trustees Introduction **3** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Individual Grants One way the Nonesuch Rowing Foundation widens access to and encourages participation in the amateur sport of rowing is by offering individual grants to students at the University of Bristol and members of Bristol’s community. These grants are intended to enable individuals to participate in rowing where personal financial cost would otherwise be a barrier to their participation, with a focus on those from low-income backgrounds. The trustees accepted applications for individual grants throughout 2023 via an online form on the charity’s website. Following receipt the trustees assessed applications in accordance with the charity’s grant-making policy. ## **Summary of Individual Grants awarded in 2023** **----- Start of picture text -----**
||||| |---|---|---|---| |Novice Rowers|Senior Rowers|Total| |Kit & Clothing|£90|£90| |Club membership fees|£269|£296|£565| |Attendance at national|£450|£450| |rowing events| |Total|£359|£746|£1105| |Transport &|Club membership| |accommodation|fees|Rowing kit & clothing| |2 grants|6 grants|1 grant| |£450|£565|£90| **----- End of picture text -----**
The trustees awarded nine individual grants totalling £1105 and ranging from £46 to £250 per award. Grants were awarded to cover the costs of rowing-specific kit and clothing, membership fees, and participation in national rowing events. In 2023 Individual Grant funding was weighted more heavily to senior rowers, which is largely reflective of their higher membership fees and increased attendance at national events. Grants enabled both novice and senior rowers to train and race when they otherwise would have been excluded due to the personal financial cost of participation. **4** Individual Grants Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## “ Last year I applied for two Nonesuch grants to help me participate in the trials process for the GB Rowing Team U23 squad. In November I travelled up to Boston to compete against some of the best athletes in the country for the first time, and in December I was invited to the GB Rowing Team U23 training camp at Dorney Lake. For both events, Nonesuch grants covered the costs of my transport and accommodation so I had the opportunity to row with experienced and decorated U23 GB athletes, which was an incredible learning experience. Rowing itself has had an incredible impact on my life. The sport has showed me that I am able to push my body past what I thought were its physical limits, and has allowed me to excel and perform in environments that may not have been accessible to me before. I am incredibly excited to see what ” will happen this year! **Senior Rower and Grant Recipient** Individual Grants **5** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF “ Taking part in a sport like rowing had always seemed like an unachievable dream for me. After trying rowing I fell in love with it, but knew I would struggle with the costs. Receiving a Nonesuch Rowing Foundation grant relieved a huge amount of stress for me. The grant covered the costs of my membership and kit and let me focus on my training and university studies. I’m extremely grateful to the trustees and donors for giving me this opportunity. ” **Novice Rower and Grant Recipient** **----- Start of picture text -----**
“
**----- End of picture text -----**
A Nonesuch Rowing Foundation grant allowed me to pay for my club membership fees. Rowing has given me structure, improved my time management, my wellbeing, and my fitness, all of which have impacted positively on my university studies. I am immensely grateful for the support I have received from Nonesuch, ensuring that students from low-income backgrounds can also participate in the sport of rowing. ” **Novice Rower and Grant Recipient** The trustees would like to welcome more applications for individual grants and encourage any potential applicants to visit the charity’s website to check their eligibility and apply online: ubbcalumni.com/nrf/apply. **6** Individual Grants Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Club Grants A large and modern fleet of boats is essential to maximise participation in rowing. The Nonesuch Rowing Foundation’s aim is to provide club grants to the University of Bristol Boat Club (UBBC) for the purchase of boats and equipment which will be available for use by students at the University of Bristol and members of Bristol’s community. In 2023 the charity made one Club Grant to UBBC for the purchase of a new eight-person boat specifically for the women’s squad. **£40,244** for a New Women’s Eight Typically boats and equipment for rowing cost tens of thousands of pounds and therefore raising funds for their purchase are often multi-year projects. The trustees therefore face a continuous challenge in striking the balance between funding immediate equipment needs, and accumulating capital for future purchases. Club Grants **7** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## New Women’s Eight In October 2023, the University of Bristol Boat Club took delivery of a Hudson Ultimate SHARK Predator (USP) eight for the women’s squad, entirely funded from a Nonesuch Rowing Foundation Club Grant of £40,244. This is the second Hudson USP eight funded by Nonesuch’s supporters in the last two years (the other delivered just before the charity’s incorporation). The boat features carbon fibre wing-riggers and a hull and shoes specifically sized for female rowers. The model of boat is identical to the eight purchased for UBBC’s men’s squad, meaning UBBC has almost identical models and similar ages of boat for both its senior men's and women's squads in almost every boat class. Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## “ The addition of the new Hudson USP 8+ to the women’s squad is an exciting new development that comes in recognition of the recent growth in both size and depth of the squad over the last few years. Previously the majority of the women’s squad trained and raced in ageing boats in constant need of repair, and lacking in modern features like inverted slides and water bottle holders. Since the arrival of the new boat, the quality of our training sessions has vastly improved, with crunchy slides and rattling water bottles a distant memory! It’s been amazing to be part of the rebuilding of the women’s squad over the last few years. When I first started, the squad was struggling to put an eight together. Now we are easily fielding two good quality eights, reflective of the quality of boats we are rowing in. I am incredibly proud to be leading the squad this year and I’m looking forward to seeing what we can achieve not only this year but years into the future! The whole squad would like to say a massive thank you to Nonesuch for funding the purchase of this boat and being part of the growth of women’s rowing in Bristol. ” **Maisie Barnes** University of Bristol Boat Club Women’s Captain Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Fundraising Monthly donations by Direct Debit continue to be the Nonesuch Rowing Foundation’s primary method of fundraising. The charity raised over £14,500 from regular donations in 2023. The charity has three levels of donation for its regular donors; “ **Student** ” (£2pm+), “ **Graduate** ” (£6pm+), and “ **1909 Club** ” (£19.09pm+). The tables and charts that follow detail the donations received in 2023 and a summary of the charity’s regular donors. ## **Regular Donations Received in 2023** |||**Student**|**Graduate**|
**1909 Club**|**All Donors**| |---|---|---|---|---|---| |||(£2pm+)|(£6pm+)|(£19.09pm+)|| |**Donation Income**||£994.00|£5,384.00|£6,546.66|**£12,924.66**| |**Gift Aid Due**||£59.00|£723.50|£1,269.51|**£2,052.01**| |**Payment processing**||£128.20|£191.84|£102.75|**£422.79**| |**fees**|||||| |**Net Income**||£924.80|£5,915.66|£7,713.42|**£14,533.88**| |% of total income||6%|41%|53%|| ||||||"Student" Level| ||||||6%| |"1909|Club"|||**£925**|| ||53%||||| |||**£7,713**|||| ||||**£14.5k**||| |||||**£5,916**|| ||||||"Graduate" Level| ||||||41%| **10** Fundraising Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## **Summary of Regular Donors (as of 31 December 2023)** ||**Student**|**Graduate**|**1909 Club**|**All Donors**| |---|---|---|---|---| ||(£2pm+)|(£6pm+)|(£19.09pm+)|| |**Number of Donors**|48|65|22|**135**| |(percentage of total)|36%|48%|16%|| |**Number of Gift Aid**||||| |**Donors**||||| |(percentage of|11|38|18|**67**| |donors within each|23%|58%|82%|50%| |category)||||| |**Average donation /**
**person /month**|£1.48|£7.06|£26.12|**£8.18**| |**Average net**||||| |**contribution /person**|£1.36|£7.80|£30.94|**£9.28**| |**/month**||||| ## **One-off Donations** The Nonesuch Rowing Foundation received a one-off donation of £16,756.20 in support of the charity’s aim to purchase a new Women’s Eight. The charity was able to claim £4,189.05 of Gift Aid on this donation. ## **Fundraising Events and Merchandise Sales** The charity held a ticketed fundraising event for its supporters at Henley Royal Regatta. Tickets were priced at £7.50 for students and £10 for all other attendees. The event raised £913 in ticket revenue. The charity also received the proceeds from the sale of branded merchandise, totalling £120. ## **Total Raised** **----- Start of picture text -----**
£20,945 £14,534 £1,033
One-off donations Regular donations Events/Merch
£36,512
Total raised in 2023*
**----- End of picture text -----**
> *net total, Gift Aid added and payment processing fees subtracted Fundraising **11** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Our Fundraising Strategy Our goal is to be in a position to consistently provide the University of Bristol Boat Club with a modern and reliable fleet of boats. With this in mind, we have set ourselves a target of raising **£30,000 per year** from **regular donations** . ## **How long does it take us to fundraise for a boat?** The graphic below shows the length of time it takes to raise the funds required to purchase each class of boat. The length of the line represents the length of time it takes. Current Annual Income = £14.5k Target Annual Income = £30k **----- Start of picture text -----**
£14.5k pa £30k pa
Single = £9k
£14.5k pa 8 months
£30k pa 4 months
Pair/Double = £11k
£14.5k pa 9 months
£30k pa 5 months
Coxless Four/Quad = £18k
£14.5k pa 1.25 years
£30k pa 8 months
Coxed Four = £21k
£14.5 pa 1.5 years
£30k pa 9 months
Eight = £38k
£14.5k pa 2.6 years
£30k pa 1.3 years
**----- End of picture text -----**
**12** Fundraising Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Our Fundraising Target: **£30,000 of regular donations per year** ## **Why £30,000 per year?** With huge thanks to our generous supporters, the Nonesuch Rowing Foundation currently raises approximately £14,500 each year from regular donations collected by Direct Debit. At our current rate of income, it would take over 13 years for UBBC to buy a new boat of each class for both the Men’s and Women’s Squads. That means the newest boat in the fleet today will be over 13 years old before we can replace it! An income of **£30,000 per year** would allow us to half that time, meaning we could replace boats when they are 6-7 years old, reducing the likelihood that students have to row in old and unsuitable boats, which will enable more students to participate in rowing more often, and to a higher standard. ## **Our Goals** 1. Increase our number of regular donors to **200** (currently 135); 2. Increase our average monthly donation amount to **£10.00 per person** (currently £8.18); 3. Ensure **100%** of eligible regular donors contribute gift aid (currently 50%). ## **200** donors x **£10** per month x **12** months per year + **25%** Gift Aid = **£30,000 per year** **13** Fundraising Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## How you can support us ## **Set up a regular donation** Regular donations are our primary method of fundraising. Join 135 other supporters by setting up a regular monthly donation. We collect monthly donations from our supporters by Direct Debit, and all donations collected in this way are protected by the Direct Debit Guarantee. ## **How do I set up a regular donation?** It only takes a couple of minutes to set up a regular donation to the Nonesuch Rowing Foundation via our website. The website can be accessed using a desktop or mobile device. Follow the link to the right or scan the QR code to find out more. ubbcalumni.com/ - join donate **14** How to Support Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Efficient Giving ## **Gift Aid** ## **Boost your donation by 25p of Gift Aid for every £1 you donate.** All donations made by UK taxpayers with an accompanying Gift Aid Declaration are eligible for Gift Aid, meaning the UK Government will boost your donation by 25p for every £1 donated. ## **Tax Relief** Donations made by Higher Rate and Additional Rate taxpayers in the UK are eligible for tax repayments. Make sure you have completed a Gift Aid Declaration and record your donations in your Self-Assessment Tax Return. If your employer offers Payroll Giving, you can speak to your HR or Payroll Giving department about setting up donations to the Nonesuch Rowing Foundation. These donations are made pre-tax. ## **Legacies** Legacy gifts left to charity are exempt from Inheritance Tax. Additionally, leaving 10% or more of your net estate to charity reduces your overall rate of Inheritance Tax (discounted from 40% to 36%). To discuss the option to leave a legacy gift to the Nonesuch Rowing Foundation, consult your solicitor and provide them with the charity’s details (which can be found on Page 2 of this report). Efficient Giving **15** Docusign Envelope ID". C0308E71-FSC34D95-9AE4-D56B651642AF Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Structure, Governance & Objectives ## **Structure & Governance** In 2023 The Nonesuch Rowing Foundation was governed by its seven trustees. At the beginning of the year, one trustee resigned to spend more time on other personal commitments. New trustees are appointed by the existing trustees and serve for a maximum of three years, after which they may put themselves forward for reappointment. The charity’s constitution mandates a minimum of three trustees. The trustees continue to communicate primarily through electronic means, in which they agree the broad strategy and areas of activity of the charity, and consideration of grant making. The day-to-day administration of the charity is conducted by the trustees and is not delegated to anyone else. All trustees give their time freely and no trustee renumeration was paid in the reporting period. In 2023 the trustees' focus was on enabling the charity’s grant-making; assessing and awarding individual and club grants, and on formulating a fundraising strategy to achieve the charity’s longer-term objectives. ## **Objects for the Public Benefit** The objects of The Nonesuch Rowing Foundation are the promotion of community participation in healthy recreation in Bristol and the surrounding area by assisting in the provision of facilities to participate in the amateur sport of rowing and providing support to encourage wider participation in the sport. The charity carries out these objects by: - I. the provision of voluntary support, equipment, facilities and other financial support in the form of grants to Bristol-based rowing club, the University of Bristol Boat Club (UBBC) - II. improving facilities and purchasing equipment that will increase capacity for participation in the sport of rowing - III. providing grants to students and other individuals to cover costs that would otherwise preclude them from participation in the sport of rowing The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policy for the year. Structure, Governance & Objectives **17** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Financial Review ## **Fundraising** The Nonesuch Rowing Foundation continued to collect regular monthly donations by Direct Debit. As of the end of the reporting period the charity had 135 regular donors (2022: 145), who collectively donated £12,925 to the charity in 2023 (2022: £12,313). In addition, the charity received £16,756 in one-off donations (2022: nil). The charity claimed £6,230 of Gift Aid on donations in 2023 (2022: £2,009). The collection of donations by Direct Debit incurred a cost of £423 for payment processing to the charity’s online payment provider (2022: £430). The charity received £913 of income from tickets sales (2022: £1,444) and £120 of donations from the University of Bristol Boat Club Alumni & Friends, from the proceeds of kit sales (2022: £485). ## **Individual Grants** The trustees awarded nine individual grants in 2023, totalling £1,105 (2022: 6 grants totalling £429). Grants were awarded to cover the costs of rowing-specific kit and clothing, membership fees, and participation in national rowing events. These grants enabled individuals to train and race in rowing when they otherwise would have been excluded due to the personal financial cost of participation. ## **Club Grants** The trustees agreed to acquire a new racing boat for £40,244 which was donated to the University of Bristol Boat Club to further participation in the Women’s Squad. ## **Event Expenses** In 2023 the charity hosted a fundraising event at the Henley Royal Regatta. The objective of hosting the event was to attract new donors and to thank and retain existing donors, thus raising funds for our charitable objectives. Over 130 supporters of the charity attended the event. The charity incurred costs of £480 for hire of the venue (an outdoor space at Henley Cricket Club) and £287 for refreshments for attendees. The event was ticketed to recover the running costs (see Fundraising above) and the charity’s regular donation income increased by 7% following the event. **18** Financial Review Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## **Marketing and Donor Recognition** In 2023 the charity spent £507 on marketing and donor recognition expenses (2022: nil) which included the purchase a set of 100 bespoke lapel pin badges, and a Christmas card campaign (in which each regular donor received a branded Christmas card containing a personalised handwritten message from a beneficiary of the charity). The objective of providing donor gifts was to promote the charity’s brand and recognise and thank our most generous donors to attract new donors and support donor retention ## **Other Expenses** The charity spent £660 on accounting services (2022: £165), with the increase reflecting the accrued cost of an accountant’s review, given the higher level of income received in the period. The charity spent £339 on web-hosting services (2022: £316). ## **Balance Sheet & Reserves** The charity ended the year with £3,868 in cash at bank (2022: £12,381), with the reduction related to the significant club grant awarded in the year. It was owed £3,285 in Gift Aid receivables at the period end (2022: £2,013). The Foundation ended the year with total reserves of £7,116 (2022: £14,281). Financial Review **19** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Statement of Financial Activities |**All fgures in GBP**
**Not**
**es**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total**
**funds**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total**
**funds**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total**
**funds**|**Prior**
**year**
**funds**| |---|---|---|---|---| |||||| |**Income and endowments from:**
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
**Total**||||| ||35,911
-
-
-
-
-
1,033
-
-
25
-
-
-
-
-
-
-
-|**35,911**
**-**
**1,033**
**25**
**-**
**-**||**14,322**
**-**
**1,929**
**4**
**-**
**-**| ||**36,969**
**-**
**-**|**36,969**||**16,255**| |||||| |**Expenditure on:**
4
Raising funds
Charitable activities
Separate material item of expense
Other
**Total**||||| ||(1,788)
-
-
(41,349)
-
-
-
-
-
(997)
-
-|(1,788)
(41,349)
-
(997)||(2,645)
(429)
-
(481)| ||**(44,134)**
**-**
**-**|**(44,134)**||**(3,555)**| |||||| |Net gains/(losses) on investments
**Net income/(expenditure)**|-
-
-|-||-| ||**(7,165)**
**-**
**-**|**(7,165)**||**12,700**| |||||| |**Transfers between funds**|-
-
-|-||-| |||||| |**Other recognised** **gains/(losses):**
Gains and losses on revaluation of
fxed assets
Other gains/(losses)
**Net movement in funds**||||| ||-
-
-
-
-
-|-
-||-
-| ||**(7,165)**
**-**
**-**|**(7,165)**||**12,700**| |||||| |**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||||| ||14,281
-
-|14,281||1,581| ||**7,116**
**-**
**-**|**7,116**||**14,281**| **20** Accounts Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Balance Sheet |**All fgures in GBP**
**Not**
**es**
**Fixed assets**
Intangible assets
Tangible assets
Heritage assets
Investments
**Total fxed assets**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total this**
**year**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total this**
**year**|**Unrestric**
**ted**
**funds**
**Restricte**
**d income**
**funds**
**Endowm**
**ent**
**funds**
**Total this**
**year**|**Total last**
**year**| |---|---|---|---|---| |||||| ||-
-
-
-
-
-
-
-
-
-
-
-|-
-
-
-||-
-
-
-| ||**-**
**-**
**-**|**-**||**-**| |||||| |**Current assets**
Stocks
Debtors
6
Investments
Cash at bank and in hand
7
**Total current assets**||||| ||-
-
-
3,499
-
-
-
-
-
3,868
-
-|-
3,499
-
3,868||-
2,292
-
12,831| ||**7,367**
**-**
**-**|**7,367**||**15,123**| |||||| |**Creditors: amounts falling due**
**within one year**
8|(251)
-
-|(251)||(842)| |||||| |**Net current assets/(liabilities)**|**7,116**
**-**
**-**|**7,116**||**14,281**| |||||| |**Total assets less current liabilities**|**7,116**
**-**
**-**|**7,116**||**14,281**| |||||| |Creditors: amounts falling due after
one year|-
-
-|-||-| |||||| |**Total net assets or liabilities**|**7,116**
**-**
**-**|**7,116**||**14,281**| |||||| |**Funds of the Charity**
Endowment funds
Restricted income funds
Unrestricted funds
**Total funds**
Signed on behalf of the trustees:
Name: Tom Davies
Date: 26 October 2024||||| ||-
-
-
-
-
-
7,116
-
-|-
-
7,116||-
-
14,281| ||**7,116**
**-**
**-**|**7,116**||**14,281**| |||||Accounts| Accounts **21** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Independent Examiner’s Report ## **Independent Examiner’s Report to the Trustees of the Nonesuch Rowing Foundation** I report to the Trustees on my examination of the accounts of The Nonesuch Rowing Foundation (the Charity) for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination. 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. Signed: ## James Harte ACA 14 Nunappleton Way, Oxted, Surrey, RH8 9AW Date: 26 October 2024 **22** Accounts Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Notes to the Accounts ## **1. Basis of Preparation** - 1.1. Basis of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the ‘Statement of Recommended Practice: Accounting and Reporting by Charities’ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and with the Charities Act 2011. - 1.2. Going Concern The trustees have prepared the accounts on the going concern basis, having considered the nature of the charity, its activities and financial position. ## **2. Accounting Policies** The trustees have applied the following accounting policies in preparing these accounts: - 2.1. Recognition of Income All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. ## 2.2. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## 2.3. Grants and Donations Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met (see note 2.1 above). - 2.4. Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. - 2.5. Recognition of Liabilities Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Accounts **23** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## **3. Analysis of Income** |**All fgures in**
**GBP**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endow**
**ment**
**funds**|**Total**
**funds**||**Prior**
**year**| |---|---|---|---|---| ||29,681
-
-
6,230
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|||| |**Donations**
**and legacies:**
Donations and gifts
Gift Aid
Legacies
General grants
provided by
government/other
charities
Membership
subscriptions and
sponsorships which
are in substance
donations
Donated goods,
facilities and services
Other
**Total**||29,681
6,230
-
-
-
-
-||12,313
2,009
-
-
-
-
-| ||**35,911**
**-**
**-**
120
-
-
913
-
-|**35,911**||**14,322**| |||||| |**Other trading**
**activities:**
Sale of merchandise
Ticket sales
**Total**||120
913||485
1,444| ||**1,033**
**-**
**-**|**1,033**||**185**| |||||| |**Investments:**
Cash interest
**Total**|**25**
-
-|**25**||**4**| ||**25**
**-**
**-**|**25**||**4**| |||||| |**Total Income:**|**36,969**
**-**
**-**|**36,969**||**16,255**| **24** Accounts Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## **4. Analysis of Expenditure** ||**This year**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endow**
**ment**
**funds**
**Total**
**funds**|**This year**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endow**
**ment**
**funds**
**Total**
**funds**|**This year**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endow**
**ment**
**funds**
**Total**
**funds**|**Last year**|**Last year**| |---|---|---|---|---|---| |**All fgures in**
**GBP**
**Expenditure**
**on raising**
**funds:**
Incurred
seeking
donations
Staging
fundraising
events
Advertising,
marketing,
direct mail and
publicity
**Total:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endow**
**ment**
**funds**|**Total**
**funds**||**Unrestr**
**icted**
**funds**
**Restric**
**ted**
**income**
**funds**
**Endow**
**ment**
**funds**|**Total**
**funds**| ||478
-
-
803
-
-
507
-
-|||524
-
-
2,122
-
-
-
-
-|| |||478
803
507|||524
2,122
-| ||**1,788**
**-**
**-**
41,349
-
-|**1,788**||**2,645**
**-**
**-**
429
-
-|**2,645**| ||||||| |**Expenditure**
**on charitable**
**activities:**
Payment of
grants
**Total:**|||||| |||41,349|||429| ||**41,349**
**-**
**-**
660
-
-
339
-
-
(2)
-
-|**41,349**||**429**
**-**
**-**
165
-
-
316
-
-
-
-
-|**429**| ||||||| |**Other**
Audit &
accountancy
Web hosting
Other
expenses
**Total other**
**expenditure**|||||| |||660
339
(2)|||165
316
-| ||**997**
**-**
**-**|**997**||**481**
**-**
**-**|**481**| ||||||| |**Total**
**Expenditure**|**44,134**
**-**
**-**|**44,134**||**3,555**
**-**
**-**|**3,555**| Accounts **25** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## Analysis of expenditure on charitable activities: ||**This year**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total**
**this**
**year**
1,105
-
1,105
40,244
-
40,244
**41,349**
**-**
**41,349**|**This year**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total**
**this**
**year**
1,105
-
1,105
40,244
-
40,244
**41,349**
**-**
**41,349**|**This year**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total**
**this**
**year**
1,105
-
1,105
40,244
-
40,244
**41,349**
**-**
**41,349**|**Last year**|**Last year**| |---|---|---|---|---|---| |**Activity or**
**programme**|**Grant**
**funding of**
**activities**
**Support**
**Costs**
1,105
-
40,244
-|**Total**
**this**
**year**||**Grant**
**funding of**
**activities**
**Support**
**Costs**
429
-
-
-|**Total**
**last year**| ||||||| |Individual Grants
Club Grants
**Total**||
1,105

40,244|||
429

-| ||**41,349**
**-**|
**41,349**||**429**
**-**|
**429**| ## **5. Paid Employees** The charity had no paid employees during the period. ## **6. Debtors and Prepayments** |**All fgures in GBP**
Trade debtors
Prepayments and accrued income
Other debtors
**Total**|**This year**
**Last year**| |---|---| ||| ||3,299
2,092
-
-
200 200| ||**3,499**
**2,292**| ## **7. Creditors and Accruals** ||**Due within one year**
**This year**
**Last year**|**Due beyond one year**| |---|---|---| |**All fgures in GBP**
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
**Total**||**This year**
**Last year**| |||| ||-
-
-
-
251
842
-
-
-
-
-
-
**251**
**842**|-
-
-
-
-
-
-
-
-
-
-
-| |||**-**
**-**| **26** Accounts Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF ## **8. Cash at bank and in hand** |**All fgures in GBP**
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Other
**Total**|**This year**
**Last year**| |---|---| ||| ||-
-
-
-
3,868
12,831
-
-| ||**3,868**
**12,831**| ## **9. Post Period End** There were no significant events post year-end. ## Declaration The trustees declare that they have approved the trustee’s report and accounts above. ## 26 October 2024 Accounts & Declaration **25** Docusign Envelope ID: C0308E71-F5C3-4D95-9AE4-D56B651642AF Copyright 2024 The Nonesuch Rowing Foundation Charity Number 1190599