REGISTERED CHARITY NUMBER,. 1174631 REPORTOFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 FOR WATERSIOE COMMUNifiTRU5T Bright Brown Limited Chartered Accountants Exchange House st. Cross Lane Newport Isle of Wight P030 5BZ
WATER51DE COMMUNftYTRUSf CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financlal Actlvitles Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Note5 to the Flnancial Statements 10 to 19 Detalled Statement of Flnanclal Artlvlt5es 20 to 21
WATERSIDE COMMUNITYTRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 30 Novernber 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019). OBJEcfivES AND AcfiviTIES Objectlves and alms The charity was established in 2017 as a CIO. with the constitution set out in Its trust deed, to take over the running of the Waterside Pool in Ryde, rescued by some of the current Irustees in 2011 and run as a company limited by guarantee.. It celebrated its Soth blrthday in August 2023. Waterside Community Trust operates a 25m public swimmin8 pool in a coastal seaside town. Ryde on Isle of Wight is a mixed community, but the pool is located in one of the most deprived wards on the Isle of Wlght and UK. The charity's objectives are to promote, for the benefit of the inhabltants of Ryde. Isle of Wight an(J the surroundlng area, the provision of facilities for recreation or other leisure time occupation of individ4Jals who have need of such facllitle5 by reason of their youth, age, infirmity or disablement, financial hardshlp or social and economic circumstance or for the public at large in the interests of social welfare and with the object of ImprovinB the condition of Ilfe of sald inhabitants. Maln objectives encompassing public benefit reflected in the accounts are :_ Swimming lessons for school students, individuals? groups and adult learners. Casu81 and lane swimming. Water aerobics cla55e51keep fit etc. Provlsion of leisure activity such as children's parties. Provision of water safety educatlon through Ilfeguardln& rookies and swlmming teacher programmes both at Ryde and on the malnland, Provlslon of seasonal beach lifeguard patrols (separate contracts with Ryde Town Council and Sandown Town Council) Provision as a talent feeder into Ryde Swimming Club, now an Integral part of the charity and streamlining talented swlmmers to go on to club level to compete as an elile swimmer under the umbrella of Waterside. Public beneflt The Trustee5 Of Waterside Community Trust are fully compliant with the rules governing charitable bodie5. Trustees obtaln no f inancial gain either monetary or in kind from serving as Trustees. Volunteers The Trustees give their time on a voluntary basis and encourage others wlthin the community to also volunteer. A Trustee, together with the general manager is responsible for coordinating the action of volunteer5. Page I
WATERSIDE COMMUNITYTRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 ACHIEVEMEhrr AND PERFORMANCE Charltable activities The charity continues to provide swimming lessons for up to 1000 children per week. the limit the facility and our staffing provision can accommodate, and this remains the pool's prime source of revenue. Work has started to re-foof the changing rooms and plant room prior to the commencement of the above works. The Charity is instrumental aiding health in the community by providing lessons for 151and Schools and Aquaflt classes for all ages. The pool swimming programme provides varied session5 for 311 ages and abilities and is a major contrlbutor to the healthy recreation and mental well belng In the local community. The Charity contlnues to deliver beach lifeguarding in both Ryde and Sandown and has again been the beneficiary of grant alded equipment improving the speed and quality of the service provided. It also runs 'Rookie" beach Ilfeguardln8 for young people and tuition of beach safety. In addition, it runs lifeguarding tuition for trainee lifeguards both on and off the151e of Wlght. Our well-tralned management team lead by Todd Miller provides new recruits with practical lifeguardlng sk1115 to national standard, supplemented by a modular training pathway. The Trustees are proud of our staffin8 team and thank them for the care and tuition dellvered to our members and users. Between 2016 and 2.024 the Charity has provided full or part time employment to over 200 local people. Fundralsing a¢tlvStles The charity has been successful in obtaining grant funding to fit solar panels and replace its aging Heatstar recycling and Control system. Match grant fundlng has also been forthcoming to enable a refurbishment of the changing room5. FINANCIAL REVIEW Flnanclal posltlon Total income for the year amounted to £903,64212023 £624,628). The total cost of ralsing funds amounted to £14,56412023 £14,906) and the total cost of charitable activities amounted to £619,61312023 - £520, 1431. The net surplus for the year amounted to £269,46J12023 - £88,979) accounted for mainly by the grant Income). Unrestrlcted funds and restricted funds carried forward at the end of the year amounted to £673,814 and £6,869 respectlvely 12023 £393,718 and £11,500). At the ye<ir end, the charity received a grant of £254.000 which is recognised as income in Ilne wlth the SORP bul the related expenditure for the grant will be incurred in the next accounting period. Investment policy and objectlves The Trust'5 Invests, on short term deposit, funds surplu5 to foreseeable spendlng. Its social investment encompasses: School and individual swimming lessons Aguafit for elderly client base A 'sen50ry swim, class for a disabled group Swim safety training Llfeguard training for both adults and children The social investment policy is clarified in the charity's Constitution. Reserves policy The charity has updated it5 designated reserve £260k as the Pool Operational Contingency Reserve, equivalent to approximately 6 months running cost5. The Trust's free reserve5 of £159k, coupled with its designated reserve and buslne5s insurance, are considered adequate to cover a short-term disruption. Page 2
WATERSIDE COMMUNITYTRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024 FUTURE PLANS The charity having been successful in obtaining grant fundln8 is replacing its old Heatstar machine, fitting solar p3ne15 and UPEradinE the changing rooms. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unlncorporated charitv. Risk management The trustees have a duty to identify and revlew the rlsks to which the charity is exposed and to ensure appropriate controls are in place to provide re3sonable assurance against fraud and error. The principal risks facing the charity are: Catastrophic mechanical or structural failure. Major increase in energy costs. A risk re8lSter is maintained highlighting major and minor risk to our buslness. REFERENCE AND ADMINISTRATIVE DETAILS ReB15tered Charity number 1174631 Prlnclpal address Waterside Pool The Esplande Ryde Isle of Wight P033 IJA Trustees M Haslam {Joint Chairman) A Kurow5ki (Joint Chairman) P C Taylor JP FCA ITreasurerl J N Sands Dr A Martin K Gentleman C Gauntlett l Jenkins Independent Examiner Bright Brown Limitp.d Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight P030 5BZ Page 3
WATERSIDE COMMUNifi TRUST REPORTOF THETRUSTEE5 FOR THE YEAR ENDED 30 NOVEMBER 2024 e•2¥ Approved by order of the board ol trustees on ........-. and signed on It5 behalf bv.. P C Taylor- Tr Paee 4
INOEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF WATERSIDE COMMUNITY TRUST Independent examiner's report to the trustees of Waterslde Communlty Trust I report to the charity trustees on my examination of the accounts of Waterside Community Trust (the Trust} for the yèar ended 30 November 2024. Responslbilltles and basi5 of Teport As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan with the requirernent5 of the Charities Act 20111'the Act, I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and In carryinE out my examination I have followed all applicable Dlrections Eiven by the Charity Commission unijer Sertion 14515llbl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,0(Kl your examiner must be a member of a listed body. I can conflrm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in EnEland and Wales, which is one of the listed bodies. I have. cnmple.te.d 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: accountlng records were not kept In respect of the Trust a5 required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable rp.quirements concerning the form and content of accounts set out In the Charities (Accounts ¢ind Reports) ReBulatlons 2008 other than any requirement that the account5 give a true and fair view which 15 not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other mdtters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Davld Stevens Bright Brown Limlted Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wlght P030 5BZ Date:............................................. Page 5
WATERSIDE COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 263.152 12,860 276,012 28,841 Charitable activities Provision of recreational facilities 572,516 572,516 551,130 other tradlng activltie5 Investment income other income 11,980 26,518 9,116 11,980 26,518 16,616 13.249 21,452 9,956 7,500 Total 883,282 20,360 903,642 624,628 EXPENDITURE ON Raising funds 14,564 14,564 14,906 Charltable acti¥itles Provision of recreational facllitles 608,657 10,956 619,613 520,743 Total 623,221 10,956 634,177 535,649 NET INCOME Transfers between funds 260,061 20,035 9,404 120.035} 269,465 88,979 18 Net rnovement In funds 280,096 110,6311 269,465 88,979 RECONCILIATION OF FUNDS Tolal funds brought forward 393,718 17,500 411,218 322,239 TOTAL FUNDS CARRIED FORWARD 673,814 6.869 680,683 411,218 The notes form part ofthese financial statements Page 6
WATERSIDE COMMUNITY TRUST BALANCE SHEEr 30 NOVEMBER 2024 2024 loial fund5 2023 Total funds Unre5tilcted lund5 RvJtfKied fund k)tes FIXEO ASSErs Taii8lbl# as5els 12 62.784 62,784 51.730 CURRENT ASSETS Slocks Debiofs Cash at bank and In hand 13 14 12.896 6,666 699.261 12.896 6.666 706,130 9,747 2,945 454,780 6.869 718.823 6,869 72S,692 467.472 CREOITOR5 AI)IULJI)15 f8llln8 due wlihln one year 15 195.293 195.2931 185,4841 NET CURREt4T AS5ET5 623.530 6,869 630,399 381.988 TOTAL ASSETS LESS CURRENT IIABIUTIES 686.314 693.183 433.718 CRELWTOAS AriiDufjts fallln8 due ofief trKIiLb than une year 16 Iiisooi 112,5001 I22,5) NET ASSETS 673.814 6,869 680.683 411,218 FVN05 Ui)resiricied fuiid5 Aesiricied funds 673.814 6.869 393.718 17.500 TOTAL FUNDS 680.683 4111,218 11)L. Iinèiicial statemohis were approved by il* IloarLI gl Tfusiees authoilsed lor Issue . and weie si8ned on Its behalf by.. on P C Taylo tee M Haslam- Irvstee Ihe notes form parl ol these linoncial siaiwnent5 P¥8e I
WATERSIDE COMMUNrrYTRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 Notes Cash flows from operating actbvltles Cash generated from operations 285,560 112,732 Net cash provided by operating activitles 285,560 112,732 Cash flows from investing activltles Purchase of tangible fixed assets Interest reIVed {34,1281 9,918 123,977) 4,191 Net cash used in investing actlvitles 124,210) 119,7861 Cash flow5 from flnanclng actlvltles Loan rcpayments in year {io,0001 {io,0001 Net cash used In flnancing actlvities iio,0001 iio,0001 Change In cash and cash equlvalents in the reportlng period Cash and cash equlvalents at the beglnnlng of the repoTtlng period 251,350 82,946 454,780 371,834 Cash and cash equlvalents at the end of the reportlng perlod 706,130 454,780 The notes form part of these f5nancial statements Page 8
WATERSIDE COMMUNITY TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024 RECONCILIATION OF NET INCOME TO NETCASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for the reporting period (as per the Statement ol Flnanclal Activitles) AdJustments for: Depreciation charges Loss on disposal of fixed assets Interest received Increase in stocks Ilncreaselldecfease in debtors Increase/ldecceasel In creditors 269,465 88,979 23,074 24,637 744 14,191) 11,8231 4,889 15031 19,918) 13,149) (3,7211 9,809 Net cash provlded by operatlons 285,560 112,732 ANALYSIS OF CHANGES IN FUNDS At 1.12.23 Cash flow At 30.11.24 Net cash Cash at bank and in hand 454,780 251,350 706,130 454,780 251,3SO 706,130 Debt Debts falling due within l year Debts falllng due after I year iio,0001 122,500) iio,0001 112,5001 10,000 {32,$001 10,000 122,5001 Total 422,280 261,350 683,630 The notes form part of these financial statements Page 9
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 ACCOUNTING POLICIES Basis of preparlng the financial statement5 The flnancial statements of the charity, which is 3 public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Llabllities are. re.cogni.£ed ds expenditure as 500n as there is a legal or constructive obligation committing the charlty to that expenditure, it is probable that a transfer of economic benefits will be required in seltlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classlfled under headlngs that agRregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvlties on a basis consistent wlth the use of resources. Allocatlon and apportionment of costs AII c05t5 are allocated between the expenditure categories of the Statement of Flnancial Activities on a basis designed to reflect the use of the resource. Costs that relate to a particular activity are allocated dlrectly, others are apportioned between activities in line with their respective proportion of the total incoming resources. Tanglble fixed assets Depreclatlon is provided at the following annual rates In order to write off each asset over its estlmated useful life, Freehold propertv Plant and machinery 3 - 10 years on cost 3- 10 years on cost Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds caFI only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Penslon cost5 and other post-retirement beneffts The charity operates a defined contribution pension scheme. Contrlbutlons payable to the charity's penslon scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 10 continued..,
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENOED 30 NOVEMBER 2024 OONATIONS AND LEGACIES 2024 2023 Donatlons and gifts Grants Membership subscriptions and sponsorships 5,566 266,860 3,586 3,312 21,804 3,725 276,012 28,841 Grants received, Included In the above, are as follows: 2024 2023 Southern Water SMARTTrainin8 Wight Aid Foundatlon Surf wheelchair Energlse Me Tesco Locality Ministry of Housln£, Communities & Local Government 10,000 734 2,831 4,189 3,550 500 3.500 9,360 254,000 266,860 21,804 OTHER TRADING ACTIVITIES 2024 2023 Food and Shop sales 11,980 13,249 INVESTMENT INCOME 2024 2023 Rental income Dep051t account interest 16,600 9,918 17,261 4,191 26,518 21,452 Page 11 continued...
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024 INCOME FROM CHARITABLE AcrivrriES 2024 2023 Activity Provision of recreational facilitie5 Provision of recreational facilities Provision of recreational facilities Provision of recreational facilitie5 Membership swimming Individual swimming Swimming lesson5 Pool hire Lifeguardin& splash park and cour.ses 101,440 83,415 290,164 34,947 92,461 86,643 283,046 36,187 Provision of recreational facilities 62,550 52,793 572,516 551,130 RAISING FUNDS Ralsln8 donatlons and legacles 2024 2023 P05ta8e and stationery Advertising and rnarketing Licencing costs 1,866 2,432 2,623 2.844 2,460 1,099 6,921 6,403 Other tradlng actlvltles 2024 2023 Purchases 7,643 8,503 Aggregate amount5 14,564 14,906 CHARITABLE ACTivrriES COSTS Support cost5 (see note 81 Oireci Costs Tota15 Provision of recreational facilities 371.524 248,089 619,613 Page 12 continued...
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 SUPPORT COSTS Governance cost5 Management Other Totals Provision of recreational facilities 33,600 198,823 15,666 248,089 Support costs, included in the above, are as follows- 2024 Provlsion 2023 recreational facilities Total actlvlties Wages Rates and water Insurance Light and heat Postage and statlonery Sundries Trave.1 Computer costs Repalrs and renewals Bank charges Depreclation of tanglble fixed assets Loss on sale of tangible fixed assets Independent examiners, fees lndepende.nt examiners, fees prlor year Legal and professional fees 33,600 10,121 10.121 88,418 1,496 1,582 1,077 8,176 35,675 19,083 23,074 26,400 9,128 9,003 56,008 2,092 1,454 285 7,318 24,809 14,509 24,637 744 1,000 180 10,989 1,320 340 14.006 248,089 188,556 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneratlon or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 November 2024 nor for the year ended 30 Novembef 2023. Page L3 continued...
WATERSIDE COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEM8ER 2024 io. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 347,221 5,666 2,205 312,520 5.618 2,036 355.092 320,174 The average monthly number ofemployees during the year wa5 a5 follows: 2024 2023 Management Charitable activitie5 Admlnistration 42 39 45 43 No employees recelved emoluments in excess of £60,(MX). The general manager is considered key management personnel. The total employee benefits for thls post were £49,678. ii, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Total funds INCOME ANO ENDOWMENTS FROM Donations and legacies 6,787 22,054 28,841 Charltable activities Provision of recreational facilities 549,802 1,328 551,130 Other trading activities Investment income Other income 13.249 21,452 9,956 13,249 21,452 9,956 Total 601,246 23,382 624,628 EXPENDITURE ON Raising funds 14,906 14,906 Charltable artlvltie5 Provision of recreational facilities 514,563 6,180 520,743 Total 529,469 6,180 535,649 NE[ INCOME Transfers between funds 71,777 33,988 17,202 133,9881 88,979 Page 14 continued...
WATERSIDE COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A{vITIEs- continued Unrestricted funds Restricted fund Total funds Net movement in funds 105,765 116,7861 88,979 RECONCILIATION OF FUNDS Total funds brought forward 287,953 34,286 322,239 TOTAL FUNDS CARRIED FORWARD 393,718 17,500 411,218 12. TANGIBLE FIXED ASSETS Frechold property Plant and machinery Totals COST At l December 2023 Additions Dlsposals 125,488 20.229 12,9641 144,544 34,128 12,964 13.899 At 30 November 2024 32,955 142.753 175,708 DEPRECIATION At l Decembe.r 2023 Charge for year Ellmlnated on disposal 13,795 3,317 79,019 19,757 12,964) 92.814 23,074 {2,9641 At 30 November 2024 17,112 95,812 112,924 NET BOOK VALUE At 30 November 2024 15,843 46,941 62,784 At 30 November 2023 5,261 46,469 51,730 13. STOCKS 2024 2023 Stock5 12,896 9,747 Page 15 continued...
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 4,512 2,155 477 313 2,154 6,666 2,945 15. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 17} Trade creditors Taxation and soclal securitv other creditors 10,000 20,349 2.905 62,039 10,000 16,609 3,387 55,488 95,293 85,484 16. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 171 12,500 22,500 An unsecured £50,IXKI loan wa5 taken out in february 2021 under the government backed Bounce Back Loan Scheme. 17. LOANS An analysls of the maturity of loan5 15 given below: 2024 2023 Amounts falling due within one year on demand.. Bank loans 10,000 10,000 Amounts falllng between one and two years: Bank loans - 1-2 years 10,000 10,000 Amount5 falllng due between two and five years: Bank loans - 2-5 years 2,500 12,500 Page 16 contlnued...
WATER51DE COMMUNITYTRusr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 18. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 1.12.23 At 30,11.24 Unrestrlcted funds General fund Replacement reserve Changlng room refurbishment 293,718 loo,000 6,061 1139,965} 160.000 159,814 260,000 254,000 254,000 393,718 260,061 20,035 673,814 Restrlcted funds Restricted fund 17,500 9,404 120.0351 6,869 TOTAL FUNDS 411.218 269,465 680,683 Net movement in funds, included in the above are as follows: Incoming resource5 Resource5 expended Movement In funds Unrestrlcted fund5 General fund Changlng room refurblshment 629,282 254,000 (623,2211 6,061 254,000 883,282 {623,2211 260,061 Restrlcted funds Restricted fund 20,360 {10,9561 9,404 TOTAL FUNDS 903,642 1634,1771 269,465 Comparatives for movement in funds Net movement in funds Transfers between funds At 1.12.22 At 30.11.23 Unrestrlcted funds Gcneral fund Replacement reserve 247,953 40,000 71.777 126,0121 60,000 293.718 loo,000 287.953 71.777 33,988 393,718 Restrlcted funds Re5trlcted fund 34,286 17,202 (33,9881 17,500 TOTAL FUNDS 322,239 88,979 411,218 Page 17 continued.,,
WATERSIDE COMMUNITY TRUST NOTES TO THE FINANCIAL 5TATEMENT5- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 18. MOVEMENT IN FUNDS- continued Comparative net movement In fund5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 601,246 1529,4691 71,777 Restrlcted funds Restricted fund 23,382 16,1801 17,202 TOTAL FUNDS 624,6?8 1535,6491 88,979 A current year 12 months and prior year 12 month5 comblned position Is as follows: Net movement in funds Tran.sfer5 between funds At 1.12.22 At 30.11.24 Unrestrlcted funds General fund ReplJce.ment reserve Changing room refurbishment 247,953 77,838 1165,9771 220,000 159,814 2.60,000 254,000 254,000 287.953 331.838 54,023 673,814 Restricted funds Restricted fund 34,286 26,606 154,0231 6,869 TOTAL FUNDS 322,239 358,444 680,683 A current year 12 months and prior year 12 Months combined net rnovement In funds, included In the above are as follows: Incoming resources Resources expended move.ment In funds Unrestrtcted funds General fund Changing room refurblshment 1,230,528 254,(K)O 11,152,690) 77,838 254,000 1,484,528 11,152,6901 331,838 Restricted fund5 Restrirted fund 43,742 {17,136) 26,606 TOTAL FUNDS 1.528,270 11.169.8261 358,444 Page 18 continued.
WATERSIDE COMMUNITY TRusr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 18. MOVEMENT IN FUNDS- continued Tran5fer5 between funds During the period transfers of £20.035 12023: £33.988lhave been made in respect of fixed assets purchased wlth restricted income but that are being used for unrestricted purposes. 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 November 2024. Page 19
WATERSIDE COMMUNITY TRUST DETAILED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 INCOME AND ENDOWMENT5 Donations and legacies Donations and gifts Grants Mernbership subscriptions and sponsorships 5,566 266,860 3,586 3,312 21.804 3,725 276,012 28,841 Other trading activities Food and shop sales 11,980 13,249 Investment Income Rental income Deposlt account Interest 16,600 9,918 17,261 4,191 26,518 21,452 Charitable activitles Membership Swimming Individual swimming Swimming lessons Pool hire Llfeguardin& splash park and courses 101,440 83,415 290,164 34,947 62,550 92,461 86,643 283,046 36,187 52,793 572,516 551,130 other Income Other income 16,616 9,956 Total Incoming resources 903,642 624,628 EXPE NDITURE Ralsing donatlons and legacles Postage and stationery Advertising and marketing Licencing costs 1,866 2.432 2,623 2,844 2,460 1,099 6,921 6,403 Other tradlng activltles Food and shop purchases 7.643 8,503 This page does not form part of the statutory flnancial statements Page 20
WATER51DE COMMUNITY TRUST DETAILED STATEMEwf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 Other trading activitie5 Charitable activitles Wages social security Pensions Triiining and uniform Repair5 and renewals Cleanlng Badges and certificates 313,621 5.666 2.205 19,798 8,934 16,810 4.490 286,120 5,618 2,036 13,185 7,552 15,200 2.476 371,524 332,187 Support costs Management Wages 33,600 26,400 other Rates and water Insurance Light and heat Postage and stationery Sundries Travel Computer costs Repairs and renewals Bank charges Freehold property Plant and machlnery Loss on sale of tanglble fixed assets 10,121 10,121 88,418 1,496 1,582 1,077 8,176 35,675 19,083 3,318 19,756 9,128 9,003 56,008 2.092 1,454 285 7,318 24,809 14.509 2.915 21,722 744 198,823 149,987 Governance costs Inde.pendent examiners, fees Independent examiners, fees prior year Legal and professional fee5 1,320 340 14,006 1.000 180 10,989 15,666 12,169 Total resources expended 634,177 535,649 Net Income 269,465 88.979 This page does not form part of the statutory financial statements Page 21