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2025-11-30-accounts

REGISTERED CHARITY NUMBER: 1174631

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WATERSIDE COMMUNITY TRUST

Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

WATERSIDE COMMUNITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 19
Detailed Statement of Financial Activities 20 to 21
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WATERSIDE COMMUNITY TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025

The trustees present their report with the financial statements of the charity for the year ended 30 November 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 trustees in 2011 and run as a company limited by guarantee.. It celebrated its 50th birthday in August 2023.

Waterside Community Trust operates a 25m public swimming 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 Wight and UK.

The charity's objectives are to promote, for the benefit of the inhabitants of Ryde, Isle of Wight and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstance or for the public at large in the interests of social welfare and with the object of improving the condition of life of said inhabitants.

Main objectives encompassing public benefit reflected in the accounts are :-

Public benefit

The Trustees of Waterside Community Trust are fully compliant with the rules governing charitable bodies and delivering public benefit. Trustees obtain no financial gain either monetary or in kind from serving as Trustees.

Volunteers

The Trustees give their time on a voluntary basis and encourage others within the community to also volunteer. A Trustee, together with the general manager is responsible for coordinating the action of volunteers.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity continues to provide swimming lessons for circa. 1000 children per week, the limit the facility and our staffing provision can accommodate, and this remains the pool's prime source of revenue.

The Charity is instrumental in aiding health in the community by providing lessons for Island Schools and Aquafit classes for all ages. The pool swimming programme provides varied sessions for all ages and abilities and is a major contributor to the healthy recreation and mental well being in the local community.

Page 1

WATERSIDE COMMUNITY TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025

Charitable activities - continued

The Charity continues to deliver beach lifeguarding in both Ryde and Sandown. It also runs "Rookie" beach lifeguarding for young people and tuition of beach safety. In addition, it runs lifeguarding tuition for trainee lifeguards both on and off the Isle of Wight.

Our well-trained management team lead by Todd Miller provides new recruits with essential lifeguarding skills to a national standard, supplemented by a modular training pathway addressing any wider educational needs. The Trustees are proud of our staffing team and thank them for the care and tuition delivered to our members and users.

Fundraising activities

During the year the Charity received funding from Sport England and the Community Ownership Fund which combined with its own funds enabled the re-roofing of the changing rooms, the plant room and complete refurbishment of the main changing room facility, the installation of solar panels and the replacement of the Heatstar, made on the Isle of Wight enabling both air and water to be recycled. The renovated facility was officially opened by HM Lord Lieutenant Mrs S Sheldon on 3 December 2025.

FINANCIAL REVIEW

Financial position

Total income for the year amounted to £772,590 (2024 - £903,642). The total cost of raising funds amounted to £12,219 (2024 - £14 , 564) and the total cost of charitable activities amounted to £638,287 (2025 - £619,613). The net surplus for the year amounted to £122,084 (2025 - £269,465). These figures are influenced by grant income received in both years and the increased depreciation charge following the refurbishment of the changing facilities. Unrestricted funds and restricted funds carried forward at the end of the year amounted to £797,861 and £4,896 respectively (2024 - £673,814 and £6,869).

At the end of the year, £nil (2024 - £260,000) was designated to the replacement reserve, £nil (2024 - £254,000) was designated to the changing room refurbishment fund and £596,869 (2024 - £nil) was designated to the tangible fixed assets fund. The remaining balance of £201,002 (2024 - £159,814) is held as free reserves.

Investment policy and objectives

The Trust invests, on short term deposit, funds surplus to foreseeable spending. Its social investment encompasses:

The social investment policy is clarified in the charity's Constitution.

Reserves policy

It has been agreed by the Trustees that a sum equivalent to six months unrestricted operational costs is kept in reserve. At the year end, the amount held in free reserves was lower than that required by our reserves policy and we are looking to build the reserve towards our target.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 2

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATERSIDE COMMUNITY TRUST

Independent examiner's report to the trustees of Waterside Community Trust

I report to the charity trustees on my examination of the accounts of Waterside Community Trust (the Trust) for the year ended 30 November 2025.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust 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 content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true 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.

David Stevens

Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ

Date: .............................................

Page 4

WATERSIDE COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
9,834
Charitable activities
5
Provision of recreational facilities
582,651
Other trading activities
3
13,182
Investment income
4
25,025
Other income
12,619
Total
643,311
EXPENDITURE ON
Raising funds
6
12,219
Charitable activities
7
Provision of recreational facilities
634,670
Total
646,889
NET INCOME/(EXPENDITURE)
(3,578)
Transfers between funds
18
127,635
Net movement in funds
124,057
RECONCILIATION OF FUNDS
Total funds brought forward
673,814
TOTAL FUNDS CARRIED FORWARD
797,871		 Restricted
funds
£
129,279
-
-
-
-
129,279
-
3,617
3,617
125,662
(127,635)
(1,973)
6,869
4,896		 2025
Total
funds
£
139,113
582,651
13,182
25,025
12,619
772,590
12,219
638,287
650,506
122,084
-
122,084
680,683
802,767		 2024
Total
funds
£
276,012
572,516
11,980
26,518
16,616
903,642
14,564
619,613
634,177
269,465
-
269,465
411,218
680,683

The notes form part of these financial statements

Page 5

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WATERSIDE COMMUNITY TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2025
£
185,060
185,060
(595,209)
7,608
(587,601)
(10,000)
(10,000)
(412,541)
706,130
293,589		 2024
£
285,560
285,560
(34,128)
9,918
(24,210)
(10,000)
(10,000)
251,350
454,780
706,130

The notes form part of these financial statements

Page 7

WATERSIDE COMMUNITY TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Increase in stocks
Increase in debtors
Increase in creditors
Net cash provided by operations		 2025
£
122,084
60,840
284
(7,608)
(2,073)
(2,277)
13,810
185,060		 2024
£
269,465
23,074
-
(9,918)
(3,149)
(3,721)
9,809
285,560

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand		 At 1.12.24
Cash flow
At 30.11.25
£
£
£
706,130
(412,541)
293,589
706,130
(412,541)
293,589
Debt
Debts falling due within 1 year
Debts falling due after 1 year		 (10,000)
-
(10,000)
(12,500)
10,000
(2,500)
(22,500)
10,000
(12,500)
Total 683,630
(402,541)
281,089

The notes form part of these financial statements

Page 8

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', 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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs that relate to a particular activity are allocated directly, others are apportioned between activities in line with their respective proportion of the total incoming resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 3 - 10 years on cost Plant and machinery - 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.

Taxation

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 can 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 purposes.

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

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

----- Start of picture text -----
2. DONATIONS AND LEGACIES
2025 2024
£ £
Donations and gifts 6,506 5,566
Grants 129,279 266,860
Membership subscriptions and sponsorships 3,328 3,586
139,113 276,012
Grants received, included in the above, are as follows:
2025 2024
£ £
Isle of Wight County Council 644 -
-
Energise Me 3,500
-
Locality 9,360
-
Ministry of Housing, Communities & Local Government 254,000
-
Isle of Wight Distillery 1,000
-
Sport England 127,635
129,279 266,860
3. OTHER TRADING ACTIVITIES
2025 2024
£ £
Food and shop sales 13,182 11,980
4. INVESTMENT INCOME
2025 2024
£ £
Rental income 17,417 16,600
Deposit account interest 7,608 9,918
25,025 26,518
----- End of picture text -----

continued...

Page 10

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Membership swimming
Provision of recreational facilities
Individual swimming
Provision of recreational facilities
Swimming lessons
Provision of recreational facilities
Pool hire
Provision of recreational facilities
Lifeguarding, splash park and
courses
Provision of recreational facilities
6.
RAISING FUNDS
Raising donations and legacies
Postage and stationery
Advertising and marketing
Licencing costs
Other trading activities
Purchases
Aggregate amounts
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Provision of recreational facilities
381,766		 2025
£
103,425
79,644
300,542
40,738
58,302
582,651
2025
£
1,039
3,559
1,649
6,247
2025
£
5,972
12,219
Support
costs (see
note 8)
£
256,521		 2024
£
101,440
83,415
290,164
34,947
62,550
572,516
2024
£
1,866
2,432
2,623
6,921
2024
£
7,643
14,564
Totals
£
638,287

continued...

Page 11

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

8. SUPPORT COSTS

Management
£
Provision of recreational facilities
35,400
Support costs, included in the above, are as follows:
Wages
Rates and water
Insurance
Light and heat
Postage and stationery
Sundries
Travel
Computer costs
Repairs and renewals
Bank charges
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
Independent examiners' fees
Independent examiners' fees prior year
Legal and professional fees		 Governance
Other
costs
£
£
212,927
8,194
2025
Provision
of
recreational
facilities
£
35,400
8,898
9,869
66,946
1,904
1,456
634
8,017
35,128
18,951
60,840
284
1,680
360
6,154
256,521		 Totals
£
256,521
2024
Total
activities
£
33,600
10,121
10,121
88,418
1,496
1,582
1,077
8,176
35,675
19,083
23,074
-
1,320
340
14,006
248,089

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2025 nor for the year ended 30 November 2024.

continued...

Page 12

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Charitable activities
Administration		 2025
£
360,636
4,888
3,774
369,298
2025
1
41
2
44		 2024
£
347,221
5,666
2,205
355,092
2024
1
42
2
45

No employees received emoluments in excess of £60,000.

The general manager is considered key management personnel. The total employee benefits for this post were £49,678.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
263,152
Charitable activities
Provision of recreational facilities
572,516
Other trading activities
11,980
Investment income
26,518
Other income
9,116
Total
883,282
EXPENDITURE ON
Raising funds
14,564
Charitable activities
Provision of recreational facilities
608,657
Total
623,221
NET INCOME
260,061
Transfers between funds
20,035		 Restricted
funds
£
12,860
-
-
-
7,500
20,360
-
10,956
10,956
9,404
(20,035)		 Total
funds
£
276,012
572,516
11,980
26,518
16,616
903,642
14,564
619,613
634,177
269,465
-

continued...

Page 13

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

----- Start of picture text -----
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
Net movement in funds 280,096 (10,631) 269,465
RECONCILIATION OF FUNDS
Total funds brought forward 393,718 17,500 411,218
TOTAL FUNDS CARRIED FORWARD 673,814 6,869 680,683
12. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 December 2024 32,955 142,753 175,708
Additions 441,926 153,283 595,209
-
Disposals (11,918) (11,918)
At 30 November 2025 474,881 284,118 758,999
DEPRECIATION
At 1 December 2024 17,112 95,812 112,924
Charge for year 31,197 29,643 60,840
-
Eliminated on disposal (11,634) (11,634)
At 30 November 2025 48,309 113,821 162,130
NET BOOK VALUE
At 30 November 2025 426,572 170,297 596,869
At 30 November 2024 15,843 46,941 62,784
13. STOCKS
2025 2024
£ £
Stocks 14,969 12,896
----- End of picture text -----

continued...

Page 14

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 17)
Trade creditors
Taxation and social security
Other creditors
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 17)		 2025
£
7,989
954
8,943
2025
£
10,000
8,502
9,135
81,466
109,103
2025
£
2,500		 2024
£
4,512
2,154
6,666
2024
£
10,000
20,349
2,905
62,039
95,293
2024
£
12,500

An unsecured £50,000 loan was taken out in February 2021 under the government backed Bounce Back Loan Scheme.

17. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years		 2025
£
10,000
2,500
-		 2024
£
10,000
10,000
2,500

continued...

Page 15

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Replacement reserve
Changing room refurbishment
Tangible fixed assets
Restricted funds
Restricted fund
Sport England
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Restricted fund
Sport England
TOTAL FUNDS		 At
1.12.24
£
159,814
260,000
254,000
-
673,814
6,869
-
6,869
680,683
s follows:		 Net
movement
in funds
£
(3,578)
-
-
-
(3,578)
(1,973)
127,635
125,662
122,084
Incoming
resources
£
643,311
1,644
127,635
129,279
772,590		 Transfers
between
At
funds
30.11.25
£
£
44,766
201,002
(260,000)
-
(254,000)
-
596,869
596,869
127,635
797,871
-
4,896
(127,635)
-
(127,635)
4,896
-
802,767
Resources
Movement
expended
in funds
£
£
(646,889)
(3,578)
(3,617)
(1,973)
-
127,635
(3,617)
125,662
(650,506)
122,084

continued...

Page 16

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Replacement reserve
Changing room refurbishment
Restricted funds
Restricted fund
TOTAL FUNDS		 At
1.12.23
£
293,718
100,000
-
393,718
17,500
411,218		 Net
movement
in funds
£
6,061
-
254,000
260,061
9,404
269,465		 Transfers
between
funds
£
(139,965)
160,000
-
20,035
(20,035)
-		 At
30.11.24
£
159,814
260,000
254,000
673,814
6,869
680,683

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Changing room refurbishment
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
629,282
254,000
883,282
20,360
903,642		 Resources
Movement
expended
in funds
£
£
(623,221)
6,061
-
254,000
(623,221)
260,061
(10,956)
9,404
(634,177)
269,465

continued...

Page 17

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Replacement reserve
Changing room refurbishment
Tangible fixed assets
Restricted funds
Restricted fund
Sport England
TOTAL FUNDS		 At
1.12.23
£
293,718
100,000
-
-
393,718
17,500
-
17,500
411,218		 Net
movement
in funds
£
2,483
-
254,000
-
256,483
7,431
127,635
135,066
391,549		 Transfers
between
funds
£
(95,199)
(100,000)
(254,000)
596,869
147,670
(20,035)
(127,635)
(147,670)
-		 At
30.11.25
£
201,002
-
-
596,869
797,871
4,896
-
4,896
802,767

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Changing room refurbishment		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
1,272,593
(1,270,110)
2,483
254,000
-
254,000
Restricted funds
Restricted fund
Sport England		 1,526,593
(1,270,110)
256,483
22,004
(14,573)
7,431
127,635
-
127,635
149,639
(14,573)
135,066
TOTAL FUNDS 1,676,232
(1,284,683)
391,549

Transfers between funds

During the year, the following amounts were transferred between funds:

£254,000 was transferred from the changing room refurbishment fund to the general fund. This represents amounts received as designated income towards the cost of changing room refurbishments, the costs for which were incurred during the year and are included in fixed asset additions. The use of the refurbished changing rooms will be for unrestricted charitable activities.

continued...

Page 18

WATERSIDE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025

18. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

£127,635 was transferred from the Sport England fund to the general fund. This represents amounts received as restricted income towards the cost of replacing the Heatstar and installing solar panels, the costs for which were incurred during the year and are included in fixed asset additions. The use of the Heatstar and solar panels will be for unrestricted charitable activities.

£260,000 was transferred from the replacement reserve to the general fund. Following the refurbishment of the changing facilities and replacement of the Heatstar, the trustees consider this designated fund is no longer required.

£596,869 was transferred from the general fund to the tangible fixed assets fund. This amount represents the net book value of tangible fixed assets less any liabilities owing in relation to those assets as at the year end.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2025.

Page 19

WATERSIDE COMMUNITY TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts
Grants
Membership subscriptions and sponsorships
Other trading activities
Food and shop sales
Investment income
Rental income
Deposit account interest
Charitable activities
Membership swimming
Individual swimming
Swimming lessons
Pool hire
Lifeguarding, splash park and courses
Other income
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Postage and stationery
Advertising and marketing
Licencing costs
Other trading activities
Food and shop purchases		 2025
£
6,506
129,279
3,328
139,113
13,182
17,417
7,608
25,025
103,425
79,644
300,542
40,738
58,302
582,651
12,619
772,590
1,039
3,559
1,649
6,247
5,972		 2024
£
5,566
266,860
3,586
276,012
11,980
16,600
9,918
26,518
101,440
83,415
290,164
34,947
62,550
572,516
16,616
903,642
1,866
2,432
2,623
6,921
7,643

This page does not form part of the statutory financial statements

Page 20

WATERSIDE COMMUNITY TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025

Other trading activities
Charitable activities
Wages
Social security
Pensions
Training and uniform
Repairs and renewals
Cleaning
Badges and certificates
Support costs
Management
Wages
Other
Rates and water
Insurance
Light and heat
Postage and stationery
Sundries
Travel
Computer costs
Repairs and renewals
Bank charges
Freehold property
Plant and machinery
Loss on sale of tangible fixed assets
Governance costs
Independent examiners' fees
Independent examiners' fees prior year
Legal and professional fees
Total resources expended
Net income		 2025
£
325,236
4,888
3,774
21,277
6,405
12,333
7,853
381,766
35,400
8,898
9,869
66,946
1,904
1,456
634
8,017
35,128
18,951
31,197
29,643
284
212,927
1,680
360
6,154
8,194
650,506
122,084		 2024
£
313,621
5,666
2,205
19,798
8,934
16,810
4,490
371,524
33,600
10,121
10,121
88,418
1,496
1,582
1,077
8,176
35,675
19,083
3,318
19,756
-
198,823
1,320
340
14,006
15,666
634,177
269,465

This page does not form part of the statutory financial statements

Page 21