cc4MY TeglstratSon number. 040n77S Chaiity registration number. 11CN)418 Wokingham Waterside Centre Limited (A company Ilmtted ty gu8rantee) Annual Report and Fln8wal Statement8 for the Year Ended 31 kqarch 2025
Wokfftgham Waterside Centre Limited Contents Refer¢nce ar¥J AdMitrol¥• Detai15 Strategic RepJrt 2*03 Trustpes, Report 4t07 Stst¢m8nt OfTte•S, Respowlylttr•s Independent Examine¢8 Repc statsment of Fingndal Activllie 10t0 11 Balance S 12 Nots8 tolhe Finan(xal Statemen18 13to21
Wokingham Waterside Centre Limited Referenc? and Administrative Details Tru•t A. Bailey ms.8 A. Croy IreBigned 2716r20241 N. Grnham (appointed 15nft024} J. Hayward E. A. He•tt {Chaimanl C. Hilton Iresloned 1415r2024) R. Ilett Mrn S. kndan J. A Li$8oman S. NeOn {appointment 2718r20241 D. P¥lfrey (r•signod 11111r2024) Every membw oflhe ¢trwllatkn company und8rt4k8S to o)ntribu to the as$0ts of the chwitsble ¢omp8ny, in the event of it bng wwnd up, for pawment of th8 debts S•bIlt9 of the tharit8bi• mpony. The rL¥rtribLmfr0rn any memter shall not exceed £1. S•¢v•tary Mr Antony H8>ward R•gi•t•r•d Offlco Thgmes Valley Part Drf Earlgy Wokingham Berkshire RG6 1PQ The ¢hortty Is 1rKOrpw In Eny8nd and Wal Company Rogi¥tratlon Mwnber 04072775 Charlty R•gl•tratlon Mumb•r 1100418 Bankern Sontsnder BUneSS Banking Brldle Road Booue Mer8eWde L30 4GB Indopfjndont Examlner Chgrterefl Accountsnt Unit 4, Cty knmlls DanehiTrl Re¥ding RG64UP
Wokmtham Water¥ide Centre Limited The 1rttst, who are also directorn ofthe thorty forthe oflhe Corroanles Act 2000, present their reF wlth the fmondal statYnts of the charity fcf the year•nded 31 March 2025. The trustees have adoptsd the pmvisions of Accounlng and Reporbng by ChaTitie8.' Slaternenl ol Recommended Pracfice appll¢able lo th8ritse8 preparing their accounts In accordance wilh the Finanaal Reporting Standard for Srnouer Enlltres (the FRSSEI leffedrle l January 2015). OBJECTIVES AND ACTMTIES ObJe¢iive• #nd •etlvll(•• forthe publk b•n• In selting objecfive8 and plannlng 8CtiVTUes, the 808rd ha$ glyen Celu1 c¢mstdèrgtlon &J the Chaty Comnysslon'8 gen guidance on pubuc b8nè Obl•¢ts The obledvo$ ofthe Wokhgttam Wat•r61do Contre (WC) ai•.. To prohlde a¢c¢sslbl•. FYesligiou¥ o weltsequipped faclityto all men¢r¥ ofthè local eorThnunity at afftiTdaW¢ prtces. To onabl8 everyon¢ to have fvh wNlst •xp8riwKxng the ¢h8knge excitement of water sports In a safa aThJ beaubful •mIronnL Tho Centre management board establishod th¢ otyectives in 2003 when the Chfjty waB flrnt fomi•d to take overthe nwnagement and direction of • ¢u$tom built and excellenty equlpped water 8POrt8 centre. 9et on a partlrJJ1a bYf1 stretL of the RiwrThomes. near Reading and Wokingham In BerksNre. Those oti8dive8 as Televt today as th•y dld at the incepllon of th? Charity. Alms ofthe Ch•rfty The Centre has ahYay8 o•d wlth the enyha8is on ALL memkn of the loral comunlty. The Dlrecwrs have akvays sOughtwl to pIr)de the requisite boats and faclllltes for the dlsabl8d. the novlc#, the vnder-PTivileged and 41 sectlons ofthe ¢>)mmunty who have not had the opportunty to experien walr sports. The alm a$ w811. is to prowde Indlvldutylg wlth the confidence and the stspport thty need to •njDythe Chall96 and pers(mal satlsfKVon to bg goingj fr(xn tr8 st¥Jts. Tha Centre works do• wilh 411 sectorn ofthe communlty prOing numerous water actNity experfences, PTofe56ional coachlng. spe¢kl n••ds events and Presfjglovs ¢onferencing faclllilos to tho publlc and 1>Une#S at offordaile prfce8. The Centre has oood Ilnks vAth a vhde Tange of10¢81 thaiittes, youth ¢xganlsaUons and schools coverfng all ages ond thllles. Examples Be¥bIrt S¢ts arHI guides, malnsknam sthooly 8nd those schools catertng for puplls a range of •due4¥onal needs. The Cents prfdes tts work In $uppthng popl8 wilh dISabli1•s. Th8 Contre is based In Wokingham", hrhvevtrr. the IBdifoes are not r88tr1cN to 0p18 Ilvkng In the aY•a are available for use ty anyone M8hln9 to ¥18tt th& Centr The Centr• ha• prtided a b8tef0rnn1ftu nalLThI and kjcal c•)oelng conwelttlcffis 8180 hosts.ng locol. natri)nal Interndon81 rv•Ang reg¥tt88 ond drngon bts9 o¥•nts. Grants have enl a nu01 rfyoung people, $om•with s11 M¢d$, to lake part in w8tsr- based ¥(Ivlbes Ithith they *>theMse not have had actsss to.
fEPOrt rA•hr wroJ• ¥ik>odminitrbtsrL Tho Cthmfillnwsw trOL1uts eenGed, bgo&i to 04n Cqmre'lRD. Ckntr'sfwnrxfvQvetaka Irrwowj ty hh thr(vI0rth• F•iyd•r, •nJthe Cents htsr4•1¥4 ••ltsd overtr2026wMmw mwthA to tqtr•Jtd r Th• chry•l•èthty rfrIvWhfiI1ed kith•Cwthi boknno atyj •dw•ibAth9uJUot& ¥nuMd'Path ar ft•. ¢wpwk Thm hBs dwrThthbty4•i¢ed FwplafrDM uJ¥¥the Crtrn Inrrt•t4ythe r4pr¥4)ofidd>. CeTrtr• dDh•l inltrTrldthJ. WtsCha¥e mobwd myfromtsr41mofrrJThJ th#tsAkYry kn thre"•d tsk•llninc4lll a$kwm21rf& HLwthB thblemalnsK TI• Centre hll•agrY in rptOln tsWBC 8$1thi0 ILrernnt8thOrnty t(th forlJ efiif• F•ltyJ¢YthefiJl 1ftrAwl b¢¢n èull up&yin. DO51n Int¢n**refvrtiglMnNrt proBrumm• th? m•in Th• in 2CU. Go¥•rnlng(knum•Tht bwxJrnladoTr 15 2&)0. RG6 IPQ
Wokingham Watgrslde Centre Limited TnJste88 report Re¢rultment and Appolnlmont ol Dlroctors The dlrectors are appjnted from to tsme ty the Board of Dlrecth of the Charlty. Woklngham Borou9h Council, EaTley Tovm Council, Wokingham Canoe Club and Orxle Corpyation UK Limrted are invitod to nominate a director. The Urmversity of Reading arml Wokin9ham & District Scout Council nominate directors each, subject to the approval of the Board. Independent dlrector8 are apFointed there appropriats from time to time. Organlsatlonal stru¢tuve The director5 detennine the direction general pollcy of the Watefside Centre in line wth the charity'$ o"ectives. 808rd meetings are held quarterfy throughout the year The day to day rnagement of the Waterside Centre is delegated to the Centre Manager and other wofessional staff VI are in tum Supwrted by a number ol vdunteer Staff. From 13th November 2016 day to * managwnent of the Contr8 hoB b8en contractsd to Cloud9 Pursuits Ltd. IndU10n and Tralning When newtrustees ale appointed, they are invited to the Centre to see fcf Ihemselves the actMtses of the Centre and the type of programs the Centre offws. These inductions are typically run v*)en there are numbers of young people partlcipating In programmes. Each nwlvtrustee 18 invited to attend a meeting at vthich the op8ratlon of the Centre is exFlained, In additlon to the day to day runrdng, this covers the administrafve and ccrtrd procedures. the health safety control$ and the re8pJn$lblitles of the trustee5. Rl$k Managwnent Cloudg Pursuits Ltd carries out regular malntenanc8. bringlng In extemal contractors as required to ensure the safety and reliability of the Centre in accordan the relevant legislation and the temis of the Centre's leage with Wokingham BOT Council. The Board continues to keep the Centr6 &tivlty under review, particulaty regarding any major risks Ihhich may arise from ts'me to time. The major rigks Identified by this prcw8 have been mitigated to an acceptable level by intemal control systems, an Operations Procedure manual, insurance cover and other faGtorB a8 appropriate. The Centre conlinues to meet its statutory obligations under UK I, for example SafeguardirwJ and Data prolOn i98ues. The Centre is regl8ter&l Pa1de UK as a BrorKe Delivery Partner. The Board Tegularly the risks assc¢iatsY 1th a loss of funding from any of the major sources of income (e.g. sub under-lea5e holders). The Board ensures that the nomi81 Centre operats'crfts generate sufficient iruime to meet the fixed and variable costs.
Wokingham Waterside Centre Limited Trustees report Reportlno Accountants The Board of TTUStees ha8 appointed a loc81 firm Woodwhlte Accountsnts Ltd as Its reporting accountants for 20242025. The annual report was approved by the trustees of the char7ty on1.7J.vf/R*.xCand signed on its behalf by: Mr Antony Hayward Company Secretary and Trusiee
Wokingham Waterside Centre Limited Statement of Trustees, Responsibilities Year Ended 31 March 2025 The Irustees (who are also the di¢105 of Wokingham Waterslde Centre Limited for the purposes of cornpany18wI are responsible for preparlng the Trustees Annual Report and the financial statements in aGcordance vath applipAble14 and Unrted lfjngdom Accounling Stsndards IUnSted Kingdom Generalty Accepted Accounting Pr&tice). Compary law require8 the trustees to prepare financia stateMts for eath flnancial year whi¢h give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and appli¢8tion of resources. including the income and expenditure, of the ch8rilabJe mpany for that period. In preparing these financial staternents, the Iwstee8 are required to.. select suitable accounting policie8 and then apply them consistenty: observe the methods and principles in the Charities SORP; ke judgements and esthrths that are re88onable and prudent" state vthether applicable UK AcGounling Standards have been folkAved, subject to any material departures disclosed and explained in the financial statements" Prepare the financlal ststements on the goitvJ nCern basls unless il 18 inappropriate to presume th the charttable company will continue in operation. The truslees are responslble for keeplng proper accounting records which disdose with reasonable accuracy at any time the financial position of the tharity and to enable them to ensu that the financial ststements compty Iwth the Companies Act 2006. The trustees are also responslble for safe guarding tlx assets of the dritable company and hence for taking rea8onabte 8tsps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on I}JA(/ and on their behalf by: MrAn
Wokingham WaterBide Centro timltod
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I report to Iha trusfEes on my èxwnin•lcffl ofthg aco)unts gfwthngham Wad0 Contr• for
the y•ar 31 Marth 2025.
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WokIngh WaterJide Centre Limrted ststemwrt of Flnandal A¢tlth$ for the Yew Ended 31 March 2025 Total 2028 fdI 2024 INCOMING RESOURCES Donati$ 8nd18gau8 Charitthe activftkrys 1,020 191,613 191.613 684 21,Ot4) 214 317 230.S34 io 21.LXiI TO1 incorninu rEs(WF 214 317 RUOURCES EXPENDED Rai9 fund¥ Char[t4e ¥¢bMties Othereyndtture 524 58.019 178,012 524 58.019 178.012 12 13 74.921 255.943 IT IICOAING IIWTGOINGI IIEaoiiRcES 238 238 157 Transferbot1ljrJts I*V MOV&IIEPIT 11 FUND8 238 1IS7 lorwjryl •t l Awll 2023 4.2
Wokingham Waterside Centre Limited Balance sheet as at 31 March 2025 (Registration number. 04072775) 2025 2024 ASSErs Flxed assets Tangible awts 8alan¢e at 31 15 39,590 39,590 35,111 35,111 Current ••••ts stod( Dobtors Cagh & bank 16 17 5,598 54,497 60.145 14561 72,868 Currnrt Ilablltles Creditors 18 9,303 N&t curr•rt a•••ts 52,459 79,176 Tothl nèt Mgets 114287 CHARITABLE FUND8 Reslricted funds Unre$lrithd fvnds 92,049 174.287 T•Jtsl fund• 114287 For the financial year endlng 31 March 2025 the chartywds èntided to exemption trn audil under sectlon 477 of the Companies Act 2006 relatr'ng to small ¢ompanie8. Directors, re¥pOnslI1ÈS'. The members have not requtred the chaiity to obtsn an audit of its accowtts kn the ye¥ in quethn In accord8nce wth seclton 476: and The directors knlled98 thelr respon¥ibililies for cOmplng y¢h the roqulrements of the Act ¥th respect to 8¢ewiting records and the preparation olaccaunts. These accourts have been prwa in o¢cordanc• the pro¥f8bn8 applicable to ¢ompanios subject lo the Small compaThe8 reglm The finanual ststements aPWDved by the trust8, and wthorised issue on ...i.JJ. ..1? S slgned thwr behalf by. Mr Antijny aard
Wokingham Waterside Centre Llmited Notes to the Financial Ststements for the Year Ended 31 March 2025 ACCOUNTING POUCIES Summary of •lgnlncant •c¢ountlng poll¢lo8 and k•y acc •#tlmats• The pron1 accounting policies appfied in the weparation of these finanaal statements are set oul balow. These Par4e$ have l)een consistwty to all the years prtsented, lesS othernis• staled. Statom•nt of compManG• The financial ststsments have been wep8red in accordance Accounting and Repcfling by Charib•$'. Statement of Recommended Pracli¢e applicable to charlties preparing Iheir accounts in accordance the Financial Reporb'ng Standard applkable ift the UK and Republic of Ireland {FRS 102) (effeclrve 1 January 201 S) - {Chariliès SORP {FRS 102)), the Finandas Reporting Starthrd applt¢atile In the UK and Republic of Irel IFRS 102) and the Companies Ad 2006. Golng concom The trustees consider that there are no Malen uncertainties about the tharitys ats'lty 1¢ continue as a going concern nor any 8lgnific¥rt ¥e8s of unctslalnty that affect the caryng of assets held by the ¢harity. Tanglblo flxèd asbets Individual fixed assets are nitialty recorded at cost. les8 any subsent accumulated deprerya1)n and 8ubsequent accumulated Impowment losses. DeprerAation 1$ provlded on tsngible fixed assets 80 a8 to *Tite off the co8t or valualion, le88 any estimated residu value. over their expe¢ted usefvl economk Ille as frllows: Land- not depreciated Fumiture and equlpmenl- 15W25% rethjckng bdance stock is valued at the lower of cost and estlmated selllng price le88 costs to comF4ete and sel, 8ftef &Je regard for obsolete and slow rnong stocks. Ct)st1s determined using the fiY8t4n. ftrst ¢>Jt method (FIFO).
Wokingham Waterside Centre Limited Notes to the Financial Statements for the Year Ended 31 Marth 2024 Debtor5 are recognisad at the transacllon piice le88 provlsion for imp8lnn¢nt. A ProSkIn for the impairment of d•blor¥ 18 estsbfished th thore 18 o¥ectwe enCe that the charity not be able to oNed 011 amounts Oue accordirwJ lo the ortgln81 lerms of the recelvables. Cash and c••h oqulv•hnts Cash and cash equiv31ents CompSe cash on hand 8nd other short-temi hlghty Ilquld investrnents that are readily convertible lo a knts amount of cash and are subject lo an insignrficanl risk of change in v4lu•. Croditor Trade creililor8 are rBcognised fr9fy atthe lrnn88Ctlon prtce and subsequenlly measured at amcriised cost u$lng th8 effectiv8 Interest methtrj. Flnanelal In8trum Classificallon Finantial asset$ and financl81 Ifabiknties are TecognL8ed kn the becomes a paty to the contraclual prowsion$ olthe instrumffiL Recognldon andMemment All financial assets and liabilitles are initialy measured at Iwansa¢tion prlce (Indudirg transaCttin costs). Falrvalue M&7surem¢ The best evldenre of fair value is a quoted Pri foran ideAU1 a88et in an act*ve m8rkeL When quoted pdces are unavalable, the price ol a recent transaction for an Idenycal assel pdeS e¥ldence of fair value as long a5 there has not been a $ignrficant thange In economic circumstsnces or a significant lapse of time since the transxlion took plac STAFF NUMBERS • Jrage number of persons amphyed by the chW dumng the yeaT is 012024- 0}. STAFF BANDING No èmploye&8 received employee b¢n8ffts ofmrn £60,0. TRUSTEE REMUNERATION AND 8ENEFITS N¢)ne of the tru8tee8 h4ve been paid any r•mUner0tk or recelved any other benefits from an emplownent the ch¥ity. TRUSTEE EXPENSES Mo trustees were reimbursed for expenses in the reporong p0d. RELATED PARTY TRANSACTIONS There were no related paty tr8rtjactycS in the reporting period.
Wokingh8m Wat•r8kle C8ntr• LIaled Netes to the Finandal Statement8 forthe Year End&J 31 March 2025 Tr441 2025 fund• 7 IN¢OIIE FRIXI IIONAIK>N8AND L£IIACE8 Clher OonatlorA 8rxl Legades 1,020 Totsl fund• lynd¥ 8 CHARITA8LE AmTIES INCOIIE Prositm of Cwr888 EDla Incorng and CBfé Cwing 8TrY Slipvom Fws He Olher Srto$ 1?.628 122,628 52.726 1,843 163,20 61,496 4.623 1,843 850 13.441 13.441 717 19t furm • IN¥E8IIIEMrNcoMe Bank Irty•st fund 10 OTHER INCOME Rental Incorn? 21.0 21.OUQ 21,Lk 21 21
Wokingham W8ternid& Centrp Umlted Nots# tts Ihtr Financial Statwft forthe Year Ended 31 2025 11 COSY$ QF PAISIMGVUILII Adv¥UThj 524 $24 55,59B 2.421 04Bg8 2.421 71,036 SB 019 68 018 74 921 IJ OTHÈR EXPE117[•lE eqntro Manrfwn)t siafiTtBhirvJ Rent Venu• Htre 1•481 128.481 119,111 f25 125 75 ght, Heat•ré P InJLn Rewr¥ and mnIart Telepmne 8nd FBX s,e27 ,417 8,4f7 93 156 17.TOf 156 Printsry, Pc¥t8go and siattuwy •)d Sutsthrtrr Card UaGhllle Sutry Expen5 Clethng Travd and Subsistwte 2,121 2,121 1,249 72 8,2¥ 19 7.021 423 1516 a646 Leg and PrDftsl(xi¥l Foe8 GenelAdMinItr&Ivfj Bank Ch3w ar Int•regtPayat49 2.459 2.45• 2&8 1472 16.365 14,a33 96 Bad Dell Eyp• 19&1 178 012 14 IPKePEmDENfExAM FEES Iudj lthln a• 018£1.$20 rElabrvJ tolees trlh? e¥Arnlner12024.' £1.100).
Wokingham Water8ide Cwtre Limited Noles lo the Fknan¢xa Stment8 fcf the Year EThJed 31 Marth 225 10 HXED ASSErs L•nd•nd Buddlry¥ EguWm•nt Total Cost l April 2024 AddlULYB In Ihe 17.181 111.915 128,6B6 20,8M Co&t at 31 March 2025 17 181 132349 Depred8UM at 1 April 2W24 Elrnlnation on dlÉp0601 Cherye forlheyear 91575 18.365 16,365 DÈprwialcffl at31 M8rth 2025 109 D40 Nel trKok Val 4131 Mart 2025 17.181 22,409 39.590 17,181 17,930 35.111 18 STOCK 20 2024 17 DEBTIIRS 2026 2024 Trade Dobtus Pr¢payr*rts 1.751 3,847 1,6 13,911 18 CREE4TOR8 2024 Ttade Crethtots 516 7,407 5.250
Wokingham Waterside Centro Llmited Notes to the Financial Statsments fvrthe Year Ended 31 Marth 2025 19 STATEIIENT OF PUNOS In¢om• Éxpen TT4n•f•rlThU¢)u¢} Clo8lng IlJTre•trlcted funds G•neral 114,287 114,287 214,317 214,3t7 1236.5551 92,049 R¢•trlGtsd lund• Totsl olfund• 214 317 236 $55 92 049 2024 OlIng lftmme Expen Tran¥ferWlothl CIo8lng UnrB•tyl¢t•d f4md• General 117,444 117,444 252,786 2S2.786 255,943 1255,9431 114,287 114.287 Rtrf¢ted lund• 117 444 252 786 114287
Wokingham Waterside Centre Limited Notès to the Financial Statements for the Year Ended 31 March 2025 Re*trletod lunth Durfng ihe year no restsi¢Xed donadons m received. 20 ANALYSIS OF NEf ASSETS BErN FUNOS 2026 Total lund• fund• Tanglble flxed assets CurTonl as$ets Credrtors du& wknon onè ye 39,590 80,145 .686 92.tmg 39,S 60.745 ,686 92,049 funds Total lund¥ Twgibfe fixed as86ts Cuent assets Credltors duo Y4ithin one year Credjtorn due over one 35,111 88.479 19,3031 35,111 88,479 19.303) 114,287 114,287