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2025-09-30-accounts

Charity Registration No. 1110872

THE GUILDFORD WATERSIDE CENTRE (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

THE GUILDFORD WATERSIDE CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr J Rossiter
Mr D Kitching
Ms G Vance
Mrs R Sharp
Mr J Hambly
Mr D Halliwell
Secretary Ms G Vance
Charity number 1110872
Principal address The Guildford Waterside Centre
Riverside
Guildford
Surrey
GU1 1LW
Registered office The Guildford Waterside Centre
Riverside
Guildford
Surrey
GU1 1LW
Independent examiner Jim Fardell
March Hares
Thursley Road
Thursley
Surrey
GU8 6QW

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THE GUILDFORD WATERSIDE CENTRE

CONTENTS

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Page
Trustees' report 4 - 5
Independent examiners' report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 - 12
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THE GUILDFORD WATERSIDE CENTRE

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their report and accounts for the year ended 30 September 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution and the Statement of Recommended Practice - Accounting and reporting by Charities: SORP applicable to charities preparing their financial statements under FRS102.

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) and operates under a Foundation model constitution where only the trustees have voting powers.

The trustees, who were also the directors for the purpose of company law until the conversion, and who served during the year were:

Mr J Rossiter Mr D Kitching Ms G Vance Mr J Hambly (appointed 26th July 2024) Mrs R Sharp Mr D Halliwell

Trustees are appointed by Member clubs of the Guildford Waterside Centre. The member clubs as at 30 September 2025 are Wey Kayak Club [WKC], The Samson Centre for MS [SCMS] ( ~~also~~ previously known as the MS Therapy Group (Guildford)) and The Guildford Branch of the British Sub-Aqua Club [GBSAC]. Each member club appoints two trustees.

All trustees are familiar with the practical work of the charity and have made declarations of their own suitability for the role.

The Guildford Waterside Centre has a Management Committee of up to 12 members who meet bi-monthly and are responsible for the strategic direction, policy and day to day running of the charity. All the trustees are members of the Management Committee.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The Charity's objects are to benefit persons of all ages within the UK without distinction of sex or of political, religious or other opinions by operating and developing the Centre for the benefit of its members.

The aims of the Charity are to operate the Centre in an efficient and effective manner so that the member groups and other users of the Centre can operate from it.

The first objective for the year under review was to continue to run the Centre in an efficient way and ensure users’ needs were met. The second objective was to raise funds to provide for the repairs needed to keep the Centre operating in a safe and secure way. The first objective has been achieved, and the second is being achieved through donations from member organisations, personal loans from individual members and grants from third parties.

The strategy for achieving the first objective is to listen to user groups requests and the second is for members to actively undertake fundraising activities.

The Centre is operated entirely on a voluntarily basis.

Achievements and performance

The Member clubs have maintained their strong collaboration in order to provide exceptional facilities and services for the Centre’s users and, indeed, the wider community. The GBSAC provide essential support to the SCMS in providing volunteers for the running and maintenance of the oxygen therapy unit where treatment sessions are available to persons with MS and many other illnesses. The WKC and SCMS have continued their award-winning indoor para-kayaking programme.

Financial review

The operational income received is from its member groups and other users of the Centre. The operational expenditure

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THE GUILDFORD WATERSIDE CENTRE

is the running expenses of the Centre.

It is the policy of the Charity that Net Free Reserves (General Unrestricted funds minus Unrestricted Net Assets) should be maintained at a level equivalent to between two and six months’ cash expenditure on running the centre (currently£15,000 to £45,000). The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves was £40,887 at year end which is within the range.

Within the Restricted Fund there was no activity aside from the normal depreciation of existing assets.

The Designated Fund, intended to be used for significant repairs to the Centre, was replenished by £3,000 and now stands at £29,054.

Asset cover for funds

Note 16 sets out an analysis of the assets attributable to the various funds and a description of the trusts.

These assets are sufficient to meet the charity's obligations on a fund by fund basis.

Plans for the future

Cognisant of growing pressure on the Centre’s finances and the need for increased maintenance of the Centre, the Centre's members will continue to raise funds to supplement the existing revenue sources. As every year, the trustees will also put aside funds to grow the Designated Fund to provide cover for future repairs.

Plans for an upgrade and rearrangement of the oxygen therapy facilities remain as such and have not yet progressed any further.

On behalf of the trustees

Jim Rossiter (Chair of trustees)

Date: 02/062026

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THE GUILDFORD WATERSIDE CENTRE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE GUILDFORD WATERSIDE CENTRE LTD

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 September 2025, which are set out on pages 7 to 12.

Responsibilities and basis of report

As the charity's trustees, 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 Trust’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 which gives me cause to believe that in, any material respect:

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.

Mr J Fardell

Date: 02/062026

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THE GUILDFORD WATERSIDE CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Unrestricted Unrestricted Restricted Total 2025 Total 2024
General Designated funds
funds funds
Notes £ £ £ £ £
I ncoming
resources
from generated		 funds
Donations and legacies 2
Investment income is bank interest
received.		 3 140 140 139
140 140 139
Incoming resources from charitable
activities		 4 80,900 80,900 77,280
Other incoming resources 5 8,440 8,440 8,812
Total incoming resources 89,480 89,480 86,231
Resources
expended		 6
Charitable activities
Centre operation 71,189 24,710 95,899 96,507
Other resources expended 7 1,200 1,200 1,584
Total resources expended 72,389 24,710 97,099 98,090
Net incoming/(outgoing)
resources before transfers		 17,091 (24,710) (7,619) (11,859)
Gross transfers between funds (3,000) 3,000
Net income/(expenditure) / Net
movement in funds		 14,091 3,000 (24,711) (7,619) (11,859)
Fund balances at 1 October 2024 26,796 26,054 1,757,980 1,810,830 1,822,689
Fund balances at 30September
2025		 40,887 29,054 1,733,270 1,803,211 1,810,830

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THE GUILDFORD WATERSIDE CENTRE

BALANCE SHEET AS AT 30 SEPTEMBER 2025

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Bar stock
Creditors: amounts falling due
withinone year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
13
Net assets
Income funds
Restricted funds
14
Designated funds
15
General funds		 2025
2024
£
£
£
£
1,777,026
1,802,087
1,777,026
1,802,087
14,319
12,120
37,670
35,029
1,121
679
53,110
47,828
(6,926)
(9,086)
46,184
38,742
1,823,211
1,840,830
(20,000)
(30,000)
1,803,211
1,810,830
1,733,270
1,757,980
29,054
26,054
40,887
26,796
1,803,211
1,810,830		 2025
2024
£
£
£
£
1,777,026
1,802,087
1,777,026
1,802,087
14,319
12,120
37,670
35,029
1,121
679
53,110
47,828
(6,926)
(9,086)
46,184
38,742
1,823,211
1,840,830
(20,000)
(30,000)
1,803,211
1,810,830
1,733,270
1,757,980
29,054
26,054
40,887
26,796
1,803,211
1,810,830
1,840,830
(30,000)
1,810,830
1,757,980
26,054
26,796
1,810,830

The financial statements on pages 7 to 12 were approved by the trustees on 02/062026 and signed on their behalf by

Jim Rossiter (Trustee)

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THE GUILDFORD WATERSIDE CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. Accounting policies

1.1.Basis of preparation

These financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities SORP (FRS102) effective 1st January 2019, and the Charities Act 2011, as applicable for smaller entities.

1.2.Incoming resources

Incoming resources are included when they are receivable.

1.3.Resources expended

Expenditure is included on an accruals basis and includes irrecoverable value added tax. It has been allocated to the activities of the charity on a direct cost basis.

Governance costs are those costs relating to the running of the charity as an entity.

1.4.Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property Over the term of the lease Solar Panels Over 25 years Fixtures, fittings & equipment 20% or 25% per annum

1.5.Investments

Fixed asset investments are stated at market value.

1.6.Accumulated funds

Unrestricted funds – represent those funds available to use at the discretion of the trustees.

Restricted funds – comprise those funds that have been received with specific conditions attaching to their use by the trustees.

Designated funds – represent funds set aside out of general unrestricted funds by the trustees for future projects.

Donations and legacies

There were no Donations and Legacies income in the year.

Donations and gifts

nvestment income is bank interest received
Interest receivable		 2025
2024
£
£
2025
2024
£
£
140
139

.

3. Investment income is bank interest received

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THE GUILDFORD WATERSIDE CENTRE

4. Incoming resources from charitable activities

Affiliation & membership fees
Raft Race
Hall hire
5.
Other incoming resources
Nett income from lottery
Income from bar trading
6.
Total resources expended
Charitable activities (Centre operation
Utilities
Cleaning of the Centre
Repairs and Maintenance
IT & Telecoms
Insurance
Others
Costs for bar trading
Deprecation
Total		 2025
2024
£
£
80,150
76,292
-
288
750
700
80,900
77,280
2025
2024
£
£
1,300
1,272
7,140
7,540
8,440
8,812
2025
2024
£
£
12,549
17,427
26,145
25,764
15,286
14,117
1,642
1,642
11,479
8,700
214
70
3,523
3,727
25,061
25,059
95,899
96,507

Governance costs include payments to independent examiner of £Nil (2024: £Nil) and £Nil (2024: £Nil) for other services.

7. Other resources expended

Other resources expended
2025 2024
£ £
Loan Interest Paid 1,200 1,584

Trustees

None of the trustees (nor any persons connected with them) received any remuneration during the year.

Employees

There were no employees during the year.

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THE GUILDFORD WATERSIDE CENTRE

10. Tangible fixed assets

10. Tangible fixed assets
Cost
At 1 October 2024
Additions
At 30 September 2025
Depreciation
At 1 October 2024
Charge for the year
At 30 September 2024
Net book value
At 1 October 2024
At 30 September 2025
.
11. Debtors
Prepayments and accrued income
12. Creditors: amounts falling due within on
Other creditors
Accrued Loan Interest
Other Accruals
Deferred income
13. Creditors: amounts falling due after mor		 Land and buildings
Fixtures, fittings &
equipment
Total
£
£
£
2,123,102
55,558
2,178,660
-
-
-
2,123,102 55,558
2,178,660
321,366
55,207
376,573
24,710
351
25,059
346,076
55,558
376,573
1,801,736
351
1,802,087
1,777,026 -
1,777,026
e year
e than one year		 2025
2024
£
£
14,319
12,120
14,319
12,120
2025
2024
£
£
400
600
6,116
7,830
410
656
6,926
9,086
2025
2024
£
£
20,000
30,000
20,000
30,000

The creditors relate to the Solar Panel installation. These loans pay a fixed rate of 4% interest per annum and are payable over a 5 year period. In practice they are being repaid over 4 years.

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THE GUILDFORD WATERSIDE CENTRE

14. Restricted funds

The income funds of the charity include the following restricted funds which have been received with specific conditions for their use. The rebuilding fund are monies raised to rebuild the Centre. The Gate and fencing fund are monies donated for a new gate and fence.

Rebuilding fund
Gate and fencing fund		 Movement in funds
Balance at 1
October 2024
Incoming
resources
Resources
expended
Balance at 30
September 2025
£
£
£
£
1,755,980
-
24,710
1,731,270
2,000
-
-
2,000
1,757,980
-
24,710
1,733,270

15. Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purpose of maintenance of the building.

Maintenance of building Movement in funds
Balance at 1
October 2024
Incoming
resources
Resources
expended
Transfers
Balance at 30
September
2025
£
£
£
£
£
26,054
-
-
3,000
29,054
26,054
-
-
3,000
29,054

16. Analysis of net assets between funds

Analysis of net assets between funds
Fund balances at 30 September 2025 are
represented by:
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
-
-
1,777,026
1,777,026
-
-
-
-
47,813
29,054
(23,756)
53,110
(6.926)
-
-
(6,926)
-
-
(20,000)
(20,000)
40,997
29,054
1,733,270
1,803,211

17. Taxation

The company is exempt from Corporation Tax on its charitable activities.

18. Related Party Transactions

There were no related party transactions during the period.

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