Charity Number: 1210533 Weybridge Sailing & Recreational Boating Club Financial Statements and Trustee Report For the Period from 17 October 2024 to 31 October2025 REFERENCEAND ADMINISTRATIVE DETAILS OFTHE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 OCTOBER 2025 Trustees MrA Harper- Commodore Mr l Holyhead-vice Commodore Mrs L Harper-secretary MrA Stanley-Treasurer Mr P Gray- Membership Secretary Mrs B Molony-oates Charity registration number: 1210533 Registered offic8: Dorney Gardens, Walton Lane. Weybridge, Surrey KT13 BLU Solicitors: Harold Bell Infields & Co 3-5 Old Bridge Street Hampton Wick Kingston-upon-Thame8 Surrey KT14BU Bankers." Charltles Aid Foundation TRUSTEES, REPORT For the period from 17 October 2024 to 31 October 2025 The Trustees presenttheir report togetherwlth the fln8ncialstatements forthe period from 17 October 2024to 31 October 2025. This report highLights our achievements duringthe period and ouroutlookfor 2026 and beyond. GENERAL The mostsignificant development during the period w85 the Club achieving charitable status. Our application was approved bythe Charity Commission with effectfrom 17 October 2024, and the Club has been a Charitabl8 Incorporated OrganTsation {ClO), number 1210533, since thatdate. A Board of Trustees became operational atthgt point. and Trustees elected to adopt 8 year-end date of 31 October, resulting in the production of this f irst set of f inancial statements to 31 October2025. The Charlty ("WSRBC") inherited the assets and undertakings ofthe tormerweybrldge Sailing and Recreational Boating Club {tormerLyWeybridge Sailing Club) on 17 October 2024. A majortocus for the period was fin8lising and signing a lease with Elmbridge Borough Councilfor our current Club grounds at Dorney Reach, Weybfidge. This W8s achieved on 12August2025. gr8ntingwsRBC a 20-year lease with an option to extend on 12 August 2045. These developments have enabled the Trustees to begin piannlngforthe long-term future of the Club, its facilities. and its role within the local community. OBJECTIVESAND ACTIVITIES In settlngobjectives and planning acttvities, the Trustees have given due consideration to Charitycommission guidelines on public benefit. The Trustees reviewthe charity's reseNe needs in line with guidance and will maintain sufficient unrestricted funds to ensure the charitycan operate eff Iclently and continue to meet its aims. OUR PURPOSE WSRBC'S charitable objects are: "The promotion of community participation in healthy recreation in Elmbridge and the surrounding area by the provision of facilities for sailing. rowing, kayaking, paddleboarding, canoeingand such other water sports capabLe of promoting physlcal health and fitness. I'Facilities' means land. buildings. equipment, accesB to coachlng. and the organisation of 8POrting activities.)- We deliver these aim8 by providing a programme of water-based sporting activities from our base in Weybridge. ACHIEVEMENTS DURING THE PERIOD The Club operated as a ch8rityforthe firsttime. Membership remained broadly stable ataround 100. Partlcipatlon In rowing events was strong overthe summer. and we performed well again in the Gr8at River Race in September. Our annual regatta in June was well attended on both days. with healthy participation in both rowing and sailing events. The principaLfocus forTrustees and the Committee was completingthe 20-year lease with Elmbridge Borough Council, signed on 12August 2025, giving WSRBC long-term securwty of tenure. Anticipating the lease signing. Trustees initiated a r8furbishment ptan for the site: In April 2025, refurbishment of the Bridle Suite {boat repairareal commenced. 0 In JULY, work began on the Poop Deck adjacent to the rlver, which had become dilapidated and unsafe. Both projects were successfuLlycompLeted byAutumn 2025. Significantworkwas carried outon restoring and repairingthe Club's boatfleet. Notably. the Club Enterprise 49-foot rowing boat, which competed in the Great River Race. received major repairs. Extensive tree maintenance around the site was completed by Elmbridge Borough Councll contractors duringthe summer. KEY VOLUNTEERS The Club reLies heavilyon volunteer8 to operate efficiently. Underthe newlease. WSRBC is responsible for site mainterlance and building insurance. makingvolunt8er contributions even more essential. We are grateful to allwho gave theirtime duringthe period. Continued volunteer supportwill be critical in delivering further restoration and maintenance of the site. PRIORITIES FOR 2026 To growthe Club, we aim to diversity activities and welcome wider communitygroups that complement ourcurrent offering. During2026, the Clubwill determine the next steps for physical developmentof the slte. A consultation process is underway to create a development plan thatwill enhance facilities for both members and the widercommunity. FINANCIAL REVIEW Review of Flnancial Activities and Affairs For its first period of operation (17 October 2024 to 31 October2025): Income: £15.701 Expenditure (excludlng depreciation): £12,665 Depreclatlon: £907 Nat Surplus: £1,929 Key income included: £2,000 from a major site hire £945 from the sale of a boat Membership and berthing income of £11,252 (compared with £10,506 in the previous yearwhen the organisation operated as a private clubl PRINCIPAL RISKS AND UNCERTAINTIES Reputational Risks: Linked togovern8nce and adherence to charitabLe objectives. ReguiarTrustee and Committee meeting8 help mitigate these. Financial Risks: These concern the safe and responsible management of funds. Transitioningto CAF banking nowensures dualauthorisation for payments, and improved budgetary Controls are being implemented. With a stable membership and long-term le85e, the Trustees are confident in the charity's abilityto grow. Physical Rlsk8= Securityof buildings remains a concern dueto the open nature of the site. Optionsto enhance securityare being explored. All buildings are insured at reinstatement value to minimise financial risk. GOING CONCERN Trustees considerthe current reseNes 8cceptabLe, 8lthough theyrecognise that significant investment in the sTrte will be required, A long-term development pLan is being produced to balance investment needs with the maintenance of prudent reseNes. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitutlon WSRBC became a CIO on 17 October 2024 and is registered with the Charity Commission (Charity Number 12105331. The Constitution states the CIO shall have a Board of at Least fiveTrustees. WSRBC currently has 8ixTrustees. Management Committees and Sub-committees The Trustees maydelegate powers to Committees. These Committees are made up of Club members. The Club is reviewirig its Committee structure and Updating Rules, Regulations and By-laws to improve operational efficiency. TRUSTEESI RESPONSIBILITY STATEMENT (Your origin81 text here was largely correct- I have smoothed and corrected punctuation. butretained the formal meaning.) The Trustees are responsible for preparingthe Annual Reportand financial statements in accordancewith UK law and United Kingdom GenerallyAccepted Accounting Practice. They must: select and appiyconsistent accounting policies observe the methods and principles of the Ch8IitySORP make re8son8ble and prudent judgeFnents state whether applicable UKAccounting stand8rd5 have been tollowed prepare the financial statements on a going-concern basis unle88 inappropriate todoso The Trustees are responsible for keeping properaccounting records 8ufficientto show and explain the charity's transactions and financial position, and to ensure compliance wlth the Charities Act 2011, the 2008 Regulations. and the Constitution. As income 18 under£25.000, the Trustees have prepared simple Receipts and Payments Accounts and a Balance Sheet. This approach will continue while income remains belowthe threshold Irisingto £40,000 for periods commencing after 1 January 2026). Trustees are also responsible for safeguarding the CIO'S assets and taking reasonable steps to prevent and detectfraud or irregularities, This reportwas approved bythe Trustees on 8 February 2026 and signed on thelr Andy Harper Commodore 00 Ln O Qry O O r4 ¥ v) (wor4 0* x o e4 0 0 th)vJ COM Ln ¢4 m z￿ Soiiol < CL