GUILDFORD CITY SWIMMING CLUB
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £16,460 for the year ended 31 March 2025, resulting in a decrease in unrestricted funds to £127,925. The trustees' report indicates that the charity aims to increase reserves until reaching a target of £250,000, which is set to cover short-term commitments should income cease. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 31.3.25 1 £60,001 - £70,000” — page 23
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 31.3.25 1 £60,001 - £70,000” — page 23
“The reserves target at 31 March 2025 was set at £250 thousand. The reserves target is set at a level where the Charity can continue to cover short term commitments should income from members suddenly cease.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Joan Muriel Swain FCCA
- Marvin Gayle
- PROFESSOR CHRISTINA RITA VICTOR ACSS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.4m | £1.5m |
| 31/03/2024 | £1.5m | £1.4m |
| 31/03/2023 | £1.4m | £1.4m |
| 31/03/2022 | £1.2m | £1.3m |
| 31/03/2021 | £920k | £960k |
Common questions
Is GUILDFORD CITY SWIMMING CLUB financially healthy?
The accounts state that the charity reported a net expenditure of £16,460 for the year ended 31 March 2025, resulting in a decrease in unrestricted funds to £127,925. The trustees' report indicates that the charity aims to increase reserves until reaching a target of £250,000, which is set to cover short-term commitments should income cease. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Hughes Waddell.
What does the highest-paid employee of GUILDFORD CITY SWIMMING CLUB earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.