DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB > T4>- 1 4_L.: The Nonesuch Rowing Foundation 2024 Annual Report DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB 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 Trustees: Ben Bathurst Danielle Standish Tom Clark Tom Davies Tom Judd Charlie Lewis Poppy Mather Sebastian Tjornelund Nonesuch Patrons: Edward Bloomfield Tom Davies Keilh Mccullagh David Phillips Report of the trustees for the period ended 31 st December 2024 The trustees present an interim annual report and linancial slalements of the charity for the period ended 31 st December 2024. The financial statements have been prepared in accordance with the accounting policies sel 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. Front cover photo: Aaron Slms DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Introduction Thank you for opening our 2024 Annual Report. For new readers, the Nonesuch Rowing Foundation is the independent charity which supports participation in rowing for students at the University of Bristol and Bristol's community. One of the aims of putting together a report like this is to open the bonnet and show everyone the inner workings of the charity. We hope this year's report shows you how donations are raised and spent, the great progress we've made towards our fundraising goals, and what our strategy is for the near future. Above all, this report is a way for the trustees and beneficiaries of the Nonesuch Rowing Foundation to say a huge thank you to all of the charity's supporters. Thank you again for the kind and generous support on which our success is built. Tom Davies On behalf of the Nonesuch Rowing Foundation Trustees Introduction 3 Docusign Envelope ID CC65C76￿5A44OEE.gos2.Ec60QCEl DBEB 10 Years of Support for Rowing in Bristol Since the opening of the new Saltford boathouses in 2014. the UBBC Alumni Association and the Nonesuch Rowing Foundation have raised and spent nearly £135,000 to enable young people to participate in rowing in Bristol. Where have your donations gone? Over the last ten years, your donations have bought... Eights Four Pairs 26 Oars £133,000 spent on boats and equipment Launch 10 Ergometers £1,960 Our donors have helped 11 individual University of Bristol students on means- tested bursaries with the costs of... spent on individual grants Transport & accommodation 6 grants £1,160 Club membership fees 8 grants £670 Rowing kit & clothing 2 grants £130 DoGu$ign Envelope ID." CC65C765-CSA440EE_9052.EC609CE1 DBEB ' uIIEN7.ILII DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB 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 Universily 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 2024 the charity made two Club Grants to UBBC for the purchase of a new two-person boat specifically for the women's squad, and a video analysis & presentation display screen for use by the club and the charity. Women's Pair/Double With thanks to a generous donation from the Bailhard Trust, the Nonesuch Rowing Foundation purchased a two-person boat specifically for the women's squad of the University of Bristol Boat Club. The purchase of this boat increases the number of small boats available to the women's squad. Rowing in less stable small boats accelerates progress in rowing skill development. The boat is convertible between sweep rowing and sculling, allowing rowers to develop their skills in both disciplines. Video Analysis Display Screen The trustees approved the purchase of a large television display screen and stand for UBBC'S coaches to conduct video analysis sessions, other educational presentations, and for the club and the charity to use for recruitment and fundraising events. 6 Club Grants Docusign Envelope ID CC65C765-CSA4-40EE-9052-EC609CE1 DBEB . AIIMaACSA4.40EE_9052.EC609CE1 DBEB Photo.. Aaron Sims DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Structure, Governance & Objectives Structure & Governance In 2024 The Nonesuch Rowing Foundation was governed by its eight Irustees. The charity welcomed a returning trustee following their hiatus in 2023. 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 truslees continue to communicate primarily Ihrough 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 lime freely and no truslee renumeration was paid in the reporting period. In 2024 the trustees, focus was on implementing a renewed fundraising strategy and marketing activities to attract new donors. 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: 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) 11. improving facilities and purchasing equipment that will increase capacity for participation in the sport of rowing 111. 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 21 DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB 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 138 regular donors (2023.. 135), who collectively donated £15,270 to the charity in 202412023.. £12,925). In addition, the charity received £11,942 in one-off donations (2023: £16,756). The charity claimed £3,800 of Gift Aid on donations in 2024 12023.. £6,230). The colleclion of donations by Direct Debit incurred a cost of £471 for payment processing to the charity's online payment provider (2023.. £4231. The Foundation received £1,064 of income from tickets sales {2023- £913) but earned no income from the University of Bristol Boat Club Alumni & Friends in 2024 from the proceeds of kit sales {2023'. £120). Individual Grants The trustees awarded two individual grants in 2024, totaling £500 (2023.. 9 grants totaling £1,105). 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 £12,404 which was donated to the University of Bristol Boat Club to further participation in small boats rowing. Event Expenses In 2024, as in previous years, the charity hosted a fundraising event at the Henley Royal Regatta. The objective of hosling the event was to attract new donors and to thank and retain existing donors, thus raising funds for our charitable objectives. Over 120 supporters of the charity attended the event. The charity incurred costs of £480 for hire of the venue {an outdoor space al Henley Cricket Club} and £285 for refreshmenls for attendees. The Trustees used the event to make a major drive on donor sign-ups, which was a significant driver of the 190/¢ increase in regular donations seen in 2024 compared to the prior year. 22 Financial Review DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Other Expenses The Foundation spent £402 on accounting services {2023'. £660), including the cost of an audit review. The Foundation spent £101 on donor recognition expenses (2023.. £507), and £353 on web-hosling services (2023.. £339). Balance Sheet & Reserves The Foundation ended the year with £22,862 in cash at bank (2023.. £3,868). It was owed £1,148 in Gift Aid receivables at the period end12023'. £3,285). The Foundation ended the year with total reserves of £24,033 (2023- £7,116). Financial Review 23 DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Statement of Financial Activities Unrestri¢ Re$tri¢te Endowm ted d income ent funds funds funds Prior year funds Not es Total funds All flgures In GBP Income and endowments from: Donations and legacies 31,013 31,013 35,911 Charitable activities Other trading activities 1,064 1,064 1,033 Investments 42 42 25 Separate material item ol income Other Total 32.119 32.119 36,969 Expendlture on: Raising funds 11,3631 11,3631 {1,7881 Charitable activities 112,904} 112,9041 141,3491 Separate material item ol expense Other 1936} {9361 19971 Totsl {15,202) (15,2021 (44,134) Nel gainslllossesl on investments Net incomd{expenditure) 16,917 16,917 (7,165) Transfers between funds Other recognised gainslllosses): Gains and losses on revaluation of fixed assets Other gainslllossesl Net movement in funds 16,917 16,917 (7,165) Reconciliation of funds: Total fLJnds brought forward 7,116 7,116 14,281 Total funds carried fonvard 24,033 24,033 7,116 24 Accounts DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Balance Sheet Unrestrle Restrlcte Endowm ted d income ent Total this funds tunds funds year Not es Total last year All figures in GBP Flxed assets Intangible assets Tangible assets Heritage assets Investments Total fixed assets Current assets Stocks Debtors 1,421 1,421 3,499 Investments Cash at bank and in hand 22,862 22.862 3,868 Total current assets 24,283 24,283 7,367 Creditors: amounts falling due wlthln one year 12501 12501 12511 Net current assetsl(liabilities) 24,033 24,033 7.116 Total assets less current liabilities 24.033 24.033 7.116 Creditors.. amounts falling due after one year Total net assets or liabilities 24,033 24,033 7,116 Funds of the Charity Endowment funds Restricted income funds Unrestricted lunds 24,033 24,033 7,116 Totsl funds 24,033 24,033 7.116 Signed on behalf of the twstees: Name" Tom Davies Date.. 31 October 2025 D￿￿g￿n•d￿y. Accounts 25 #FE26ÉDA%S￿NA7 . DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB 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 2024. 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 I'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.. accounting records were not kept in respect of the Charily 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 conlent of accounls sel oul in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a 'lrue 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: g￿ned￿r. 8￿ESA7VI7s14Ae. James Harte ACA 14 Nunappleton Way, Oxted, Surrey, RH8 9AW Date.. 31 October 2025 26 Accounts DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Notes to the Accounts Basis of Preparalion Basis of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost or Iransaction 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 IFRS 102}. and with the Charities Act 2011. 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. Accounting Policies The trustees have applied the following accounting policies in preparing these accounts.. Recognition of Income All incoming resources are recognised once the charily has enlitlemenl 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. 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. Grants and Donations Grants and donations are only included in the Slatement of Financial Activities when the general income recognition criteria are met (see note 2.1 above)- Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the truslees, annual report. Recognition of Liabilities Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity lo pay out resources and the amount of the obligation can be measured with reasonable certainty. Accounts 27 DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Analysis of Income Restricted income funds Endow ment funds All figures in GBP Unrestricted funds Total funds Prior year Donatlons and legacies: Donations and gifts 27,213 27,213 29,681 Gift Aid 3,800 3,800 6,230 Legacies General grants provided by governmenuolher charities Membership subscriptions and sponsorships which are in substance donations Donated goods. facilities and SetvI￿S Other Total 31,013 31,013 35,911 Other trading activities.. Sale ol merchandise 120 Ticket sales 1,064 1,064 913 Totsl 1,064 1,064 1,033 Inve$tment$: Cash interest 42 42 25 Total 42 42 25 Total Income: 32,119 32,119 36,969 28 AoGounts DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Analysis of Expenditure This year Last year Restric Unrestr ted Endow icted income ment funds funds funds All figures in GBP Restricted income funds Endow ment Total funds funds Unrestricted funds Total funds Expendlture on raising lunds: Incurred seeking donations 497 497 478 478 Staging fundraising events 765 765 803 Advertising. marketing, direct mail and publicity 101 101 507 507 Total: 1,363 1,363 1.788 1.788 Expenditure on charltable activities.. Payment of grants 12,904 12,904 41,349 41,349 Total: 12,904 12,904 41,349 41,349 Other Audit & accountancy 402 402 660 660 Web hosting 353 353 339 339 Other expenses 181 181 121 121 Total other expenditure 936 936 997 997 Total Expenditure 15.203 15.203 44.134 44,134 Accounts 29 DoGUSign Envelope ID." CC65C76K5A440EE_9052.EC609CE1 DBEB Analysis of expenditure on charitable activities: Thls year Last year Actlvlty or programme Grant fundlng of activities Support Costs Total thls year Grant fundlng of activities Support Totsl Cost$ last year Individual Grants 500 500 1,105 1,105 Club Grants 12,404 12,404 40,244 40,244 Total 12.904 12.904 41.349 41,349 Paid Employees The charity had no paid employees during the period. Debtors and Prepayments All figures in GBP This year Last year Trade debtors 1,221 3,299 Prepayments and accrued income Other deblors 200 200 Total 1.421 3.499 Creditors and Accruals Due within one year Due beyond one year All flgures In GBP This year Last year This year Last year Accruals lor grants payable Bank loans and overdrafts Trade creditors 250 251 Accruals and deferred income Taxation and social security Other creditors Total 250 251 30 AoGounts & Declaration ## **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**| |---|---| ||| ||-
-
-
-
22,862
3,868
-
-| ||**22,862**
**3,868**| ## **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. ## 31 October 2025 Accounts **31** Docusign Envelope ID CC65C76￿5A44OEE.gos2.Ec60QCEl DBEB Copyright 2025 The Nonesuch Rowing Foundation Charity Number 1190599