2025-03-31-accounts - Carmarthenshire Water Safety Partnership

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Carmarthenshire Water Safety Partnership

Charity number 1169860

Annual Report and Financial Statements

for the year ended 31 March 2025

Carmarthenshire Water Safety Partnership

Annual Report and Financial Statements for the year ended 31 March 2025

Contents	Page
Trustees' report	2 to 4
Receipts and payments account	5
Statement of assets and liabilities	6
Notes to the accounts	7 to 8

Carmarthenshire Water Safety Partnership

Trustees' report for the year ended 31 March 2025

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Robert Bamforth Chair Julie Rees Treasurer Jennifer Fox Stephen Bright Ffion Fox Resigned 7 April 2025 Charity number 1169860 Principal address Bankers The Quay Centre Lloyds Bank plc The Quay 43 King Street Carmarthen Carmarthen' SA31 3LN SA31 1BW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) foundation, formed on 24 October 2016, and is governed by a constitution.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed for a term of three years at a properly convened meeting of the charity trustees..

Objectives and activities

The charity's objects

The preservation and protection of health and the saving of lives in the areas of Carmarthenshire, Ceredigion, Pembrokeshire and City & County of Swansea in particular but not exclusively by:

a) Providing education to the public about the dangers of open waterways.

b) Managing life-saving equipment by helping to reduce vandalism and helping to replace and renew lost or damaged lifebuoys & cabinets along rivers and waterways.

c) Working with voluntary and statutory organisations in the delivery of the above.

The charity's main activities

The charity has continued to extend its lease from Carmarthenshire County Council to utilise the Quay Centre in Carmarthen, at no rental cost to the charity. This has enabled us to extend our charitable activities to a wider audience and give the charity a base from which to enhance our work.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the saving of lives.

Carmarthenshire Water Safety Partnership

Trustees' report (continued) for the year ended 31 March 2025

Objectives and activities (continued)

Achievements and performance

The organisation remains committed to promoting essential water safety messages, with the Quay Centre in Carmarthen serving as a pivotal hub. This centre collaborates with various water-related groups that frequently convene and utilise its facilities, as well as other community organisations focused on supporting well-being and mental health.

The Quay Centre also continues to be a popular venue and used in many other diverse ways. There have been visits from primary school groups throughout the year, hosted at the Quay Centre by the Carmarthen Coracle and Netsmen’s Association. Pupils see the heritage collection of coracles, models, and historical artefacts, learning about both their local maritime heritage and water safety.

The Quay Centre building and grounds themselves, remain, despite our ongoing efforts, on a one year rolling lease from Carmarthenshire County Council. The building needs substantial investment and repair to continue to be an effective and safe place for all that want to use it. This has been an ongoing challenge for general repairs, but also with fundamental issues such as renovating the heating system, especially with high energy costs. The charity has found additional groups who have booked rooms and even through the winter this has helped reduce the impact of utility and other costs. However, this too has had an impact on the building and its interior, and has put an increased load on trustees and volunteers. Further ways to cover costs have been and continue to be sought.

The Carmarthen River festival, on 17[th] August 2024, was once again a busy and bustling success. There were plenty of free opportunities to safely take part in water-based activities – in coracles in quayside pool and on kayaks in the river – as well as the ever popular on the water racing and quayside activities. The whole event is supported by all the Quay Centre clubs as well as CWSP and helps grow greater appreciation of the river, more awareness of its dangers, and consequently an understanding of water safety.

The charity continues to pursue a longer lease with the County Council and is in regular contact to try to ensure the building is looked after in the best interests of all.

Carmarthenshire Water Safety Partnership

Trustees' report (continued) for the year ended 31 March 2025

Financial review

The net deficit for the year was £5,296, including a net deficit of £304 on unrestricted funds and a net deficit of £4,992 on restricted funds.

Reserves policy

The charity's free reserves at the year end were £1,723.

The charity's policy is to establish a reserve sufficient to cover at least three months' running costs. At present this is being achieved, and further ways of increasing income continue to be sought.

Signed on behalf of the board of trustees on 16 January 2026

Signed: Robert Bamforth (Trustee)

Carmarthenshire Water Safety Partnership

Receipts and payments account for the year ended 31 March 2025

Notes 2025 Unrestricted funds £ Receipts Donations (2) 500 Grants received (2) - Contributions from partners (Quay Centre) 950 Sale of merchandise 73 Hire of rooms 1,072 Total receipts 2,595 Payments Advertising and promotions - Water 353 Electricity 1,286 Broadband 314 Licences and subscriptions 52 Insurances 335 Purchase of equipment and consumables 259 Professional fees - Donations paid 300 Total payments 2,899 (304) Fund balances brought forward 2,027 Fund balances carried forward (3) 1,723 Net receipts / (payments)	2025 Restricted funds £ - - - - - - - - - - - - - 4,992 - 4,992 (4,992) 4,992 -	2025 Total funds £ 500 - 950 73 1,072 2,595 - 353 1,286 314 52 335 259 4,992 300 7,891 (5,296) 7,019 1,723	2024 Total funds £ 1,352 15,000 800 335 430
			17,917
			660 364 1,089 453 52 327 1,355 10,008 300
			14,608
			3,309 3,710
			7,019

Carmarthenshire Water Safety Partnership

Statement of assets and liabilities

Statement of assets and liabilities
as at 31 March 2025 2025 Unrestricted £ Cash funds Cash at bank 1,723 Total cash funds 1,723 Other current assets Prepayments	2025 Restricted £ - -	2025 Total £ 1,723 1,723 2025 £ 314 314	2024 Total £ 7,019
			7,019

Assets retained for the charity's own use Defibrillator

Liabilities

The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012. that, at the year end, the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.

Approval of the accounts

The financial statements were approved by the board of trustees on 16 January 2026

Signed: Robert Bamforth (Trustee)

Carmarthenshire Water Safety Partnership

Notes to the accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of accounting

The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.

There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Carmarthenshire Water Safety Partnership

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations Carmarthenshire County Council Donations 3 Restricted funds Carmarthenshire County Council Fund name	2025 Unrestricted funds £ - 500 500 Balance b/f Incoming £ £ 4,992 - 4,992 - Purpose of restriction	2025 Restricted funds £ - - - Outgoing £ 4,992 4,992	2025 Total funds £ - 500 500 Transfers £ - -	2024 Total funds £ 15,000 1,352
				16,352
				Balance c/f £ -
				-

Carmarthenshire County Council For the costs of a feasibility study for the development of the Quay Centre

4 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Other transactions with trustees or related parties

Other transactions with trustees or related parties Malcolm Rees Name of trustee or related party Relationship to charity Description of transaction Husband of trustee Room hire	2021 2020 £ £ 192 - 192 -