IRIS Accounts Production v25.4.12.37 Other Company accounts True false Pounds 1.1.25 31.12.25 31.12.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true true false true true false true true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01296593 2024-12-31 01296593 2025-12-31 01296593 2025-01-01 2025-12-31 01296593 2023-12-31 01296593 2024-01-01 2024-12-31 01296593 2024-12-31 01296593 ns0:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 01296593 ns15:PoundSterling 2025-01-01 2025-12-31 01296593 ns11:FRS102 2025-01-01 2025-12-31 01296593 ns0:IndependentExaminationCharity 2025-01-01 2025-12-31 01296593 ns11:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01296593 ns11:FullAccounts 2025-01-01 2025-12-31 01296593 ns0:CharitiesSORP 2025-01-01 2025-12-31 01296593 ns16:EnglandWales 2025-01-01 2025-12-31 01296593 ns11:RegisteredOffice 2025-01-01 2025-12-31 01296593 ns0:Trustee2 2025-01-01 2025-12-31 01296593 ns0:Trustee3 2025-01-01 2025-12-31 01296593 ns0:Trustee4 2025-01-01 2025-12-31 01296593 ns0:Trustee5 2025-01-01 2025-12-31 01296593 ns0:Trustee6 2025-01-01 2025-12-31 01296593 ns0:Trustee1 2025-01-01 2025-12-31 01296593 ns0:Trustee7 2025-01-01 2025-12-31 01296593 ns0:Trustee8 2025-01-01 2025-12-31 01296593 ns0:Trustee9 2025-01-01 2025-12-31 01296593 ns0:Trustee10 2025-01-01 2025-12-31 01296593 ns0:Trustee11 2025-01-01 2025-12-31 01296593 ns0:Trustee12 2025-01-01 2025-12-31 01296593 ns0:Trustee13 2025-01-01 2025-12-31 01296593 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 01296593 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 01296593 ns0:Activity8 2025-01-01 2025-12-31 01296593 ns0:Activity8 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 01296593 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 01296593 ns0:Activity8 2024-01-01 2024-12-31 01296593 ns0:Activity9 2025-01-01 2025-12-31 01296593 ns0:Activity9 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 01296593 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 01296593 ns0:Activity9 2024-01-01 2024-12-31 01296593 ns0:TotalUnrestrictedFunds 2024-12-31 01296593 ns0:TotalRestrictedIncomeFunds 2024-12-31 01296593 ns0:TotalUnrestrictedFunds 2025-12-31 01296593 ns0:TotalRestrictedIncomeFunds 2025-12-31 01296593 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-12-31 01296593 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-12-31 01296593 ns10:WithinOneYear 2025-12-31 01296593 ns10:WithinOneYear 2024-12-31 01296593 1 2025-01-01 2025-12-31 01296593 ns10:PlantMachinery 2025-01-01 2025-12-31 01296593 2 2025-01-01 2025-12-31 01296593 3 2025-01-01 2025-12-31 01296593 ns10:OwnedAssets 2025-01-01 2025-12-31 01296593 ns10:OwnedAssets 2024-01-01 2024-12-31 01296593 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-12-31 01296593 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 01296593 ns10:PlantMachinery 2024-12-31 01296593 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01296593 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-01-01 2025-12-31 01296593 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-12-31 01296593 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-12-31 01296593 ns10:PlantMachinery 2025-12-31 01296593 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-12-31 01296593 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 01296593 ns10:PlantMachinery 2024-12-31 01296593 ns10:CostValuation 2024-12-31 01296593 ns10:Subsidiary1 2025-01-01 2025-12-31 01296593 ns10:Subsidiary1 1 2025-01-01 2025-12-31 01296593 ns10:Subsidiary1 2025-12-31 01296593 ns10:Subsidiary1 2024-12-31 01296593 ns10:Subsidiary1 2024-01-01 2024-12-31 01296593 ns10:Subsidiary2 2025-01-01 2025-12-31 01296593 ns10:Subsidiary2 3 2025-01-01 2025-12-31 01296593 ns10:Subsidiary2 2025-12-31 01296593 ns10:Subsidiary2 2024-12-31 01296593 ns10:Subsidiary2 2024-01-01 2024-12-31

REGISTERED COMPANY NUMBER: 01296593 (England and Wales)

REGISTERED CHARITY NUMBER: 273085

| Report of the Trustees and |

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| The Basingstoke Canal Society |

| The Basingstoke Canal Society |

Contents of the Financial Statements

for the Year Ended 31 December 2025

| Page |

| Report of the Trustees | 1 |  | to |  | 4

| Independent Examiner's Report | 5 |

| Statement of Financial Activities | 6 |

| Statement of Financial Position | 7 |  | to |  | 8

| Notes to the Financial Statements | 9 |  | to |  | 15

| The Basingstoke Canal Society (Registered number: 01296593) |

Report of the Trustees

for the Year Ended 31 December 2025

The directors, as trustees, present their annual report and accounts for the year ended 31 December 2025. They are satisfied with the performance of the charity during the year and consider that the charity is in a strong position to continue and further its activities during the coming year, and that the charity's assets are adequate to enable it to fulfil its obligations.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are as follows;

In each case only for the public benefit to:

(a) advance the heritage of the counties of Surrey and Hampshire by the protection, maintenance, restoration and improvement of the Basingstoke Canal as a navigable waterway to enable it to contribute to the industrial heritage of those counties and the wider region;

(b) advance the education of the public on the role of the canal system in general and of the Basingstoke Canal in particular on the promotion of social and economic development and as a historically important heritage and environmentally diverse asset;

(c) promote for the benefit of the inhabitants of communities in the area surrounding the Basingstoke Canal and of the public at large recreation or other leisure time occupations through the provision of access to the Basingstoke Canal and its environs to improve the condition of life of those inhabitants and;

(d) promote for the benefit of the inhabitants of communities in the area surrounding the Basingstoke Canal social inclusion by providing opportunities for volunteering and community engagement in activities that further the above objects.

Our mission statement "Keeping the Canal Alive and Active" to ensure a navigable and financially viable waterway for both now and the future, remains our core focus.

| The Basingstoke Canal Society (Registered number: 01296593) |

Report of the Trustees

for the Year Ended 31 December 2025

OBJECTIVES AND ACTIVITIES

Significant activities

In pursuance of the objectives set out above, the charity has:

1. Met and communicated with executive members, officers and managers of Surrey and Hampshire County Councils and canal managers, to ensure that The Society has an active and ongoing voice and involvement in the continued operation of the canal as a navigation, following the restructuring of the governance of the canal whereby Surrey and Hampshire County Councils have taken back responsibility for management and financing of the canal from the Joint Management Committee (JMC). The Society will continue to work towards agreeing a Memorandum of Understanding (MoU) between The Society and the newly-formed Basingstoke Canal Joint Board (BCJB), which will form the basis of The Society's relationship with the Basingstoke Canal Joint Board and the Basingstoke Canal Management Team (BCMT) going forward.

2. Continued to consider and implement ways of strengthening its team of volunteers, with the aim of ensuring that all operational and administrative roles are adequately provided for.

3. Continued to raise the profile of the canal by engaging users through radio and press, social media, mail shots, links with clubs and local talks and enhancements to The Society's website.

4. Continued to work towards replacing the Woking based trip boat - Kitty - with a new electrically powered boat. It is expected that both the electric supply installation and Kitty II herself, will be complete and operational by the date of our 2026 AGM. the additional costs of completing the electrical installation totalling £29,313.88 will be charged as project costs in the 2026 accounts.

5. Continued to enjoy success in engaging with the business community, hosting groups of volunteers from local companies on Corporate Volunteer Days, resulting in donations of cash, effort (in terms of work-hours) and equipment, for the benefit of the canal.

6. Continued to work with and provide support to the canal owners regarding risks to navigation along the length of the canal.

7. Continued to support and assist the Canal Authority, providing regular work parties and undertaking work to the canal environment.

8. Continued, through our campaign team, to lobby at local government level and with the IWA for the continuation and improvement of funding for the operation and maintenance of the canal.

9. Continued to work to improve our links and work with local authorities to help them support and fully realise the economic and social benefits of this wonderful amenity.

10. Continued to participate in discussions with various bodies and undertake research of new ways to try to secure improvements to the water supply to the canal in the longer term.

11. Continued to discuss and agree with the Canal Authority our commitment to make contributions to cover expenses that include the refurbishment of the hydraulic system on their work boat Unity, the purchase of a second weed-cutter, benches along the canal and a dredging program to be undertaken in the 2026/2027 winter season..

12. Through the Society's trading subsidiary companies, carried increased numbers of passengers on their revenue earning trip boats.

In carrying out its activities involving physical work on the canal itself and the structures forming part of it, and on the adjacent land, the charity has exclusively enhanced facilities in public ownership. Any lobbying or discussions involving local authorities, whether the county council owners or the riparian district councils through which the canal passes, have been carried out exclusively to further the charity's aims as set out above. There is no restriction of benefit accruing to any one section of the public to the exclusion of any other. The charity does not carry out any activities with the aim of creating private benefit, nor are the Trustees aware of any private benefit accruing therefrom.

| The Basingstoke Canal Society (Registered number: 01296593) |

Report of the Trustees

for the Year Ended 31 December 2025

FINANCIAL REVIEW

Principal funding sources

The financial statements are set out on pages 6 to 14 and 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.

The Statement of Financial Activities shows a net surplus for the year of a revenue nature of £74,150 (2024: £133,180) and net realised incoming resources of a capital nature of £nil (2024: £nil) making an overall realised net surplus for the year of £74,150 (2024: £133,180).

Total Reserves at the year end stand at £694,712 (2024: £620,562).

Specific changes in fixed assets.

The charity did not purchase any significant items of fixed assets in the period. Minor items of equipment purchased in the year were expensed in the Income and Expenditure account rather than being capitalised.

In addition to the fixed assets shown in the balance sheet, the charity has owned for many years a number of other assets which have been donated or fully expensed in the past. At the end of the year these include the following items:

One Bantam tug and four barges (estimated value £25,000)

Two workboats (estimated value £8,000)

Transit van (estimated value £1,000).

The charity also owns beneficial title to a strip of land held to maintain the canal corridor to the west of the Greywell Tunnel, and a strip of land at Sheerwater held for similar reasons. The land has restricted use by way of covenants and the trustees believe the value of these land holdings to be insignificant.

Reserves policy

The policy on reserves is, provided suitable projects can be identified, to expend funds as soon as expedient on the main charitable objectives and not accumulate them, save as is necessary for year to year operation.

Financial performance of the charity's subsidiary undertakings

The trading subsidiary of the charity Surrey and Hampshire Canal Cruises Limited has had a profitable trading year as summarised in Note 7 to the accounts. The trading company achieved profits of £19,548 (2024: £22,431), and has donated the whole of this sum to the charity since the year end.

The trading subsidiary of the charity John Pinkerton Canal Cruises Limited made a profit for the year as summarised in Note 7 to the accounts. The trading company made a profit of £37,181 (2024: £48,163) and has donated the whole of this sum to the charity since the year end.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is incorporated as a limited company, limited by guarantee, as defined by the Companies Act 2006.

It is controlled by its governing document, its memorandum and articles of association established under the Companies Acts.

The charity is constituted as a company with a board of directors who are also trustees of the charity. The directors, acting as a body, are responsible for all policy and strategic decisions.

Recruitment and appointment of new trustees

The trustees are all volunteers and have not been specifically recruited.

Induction and training of new trustees

New trustees, on induction, are offered appropriate Charity Commission material.

| The Basingstoke Canal Society (Registered number: 01296593) |

Report of the Trustees

for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Relationship between the charity and its subsidiaries.

The charity owns the beneficial interest in the whole of the share capital of two subsidiaries, Surrey & Hampshire Canal Cruises Limited and John Pinkerton Canal Cruises Limited and receives 100% of their annual profits by way of donation.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01296593 (England and Wales)

Registered Charity number

273085

Registered office

20 Springfield Road

Ash Vale

Aldershot

Hampshire

GU12 5EN

Principal address

Island House

Moor Road

Chesham

Buckinghamshire

HP5 1WA

Trustees

P Riley (resigned 10/5/2025)

J E Buckley

K G Sankey (resigned 10/5/2025)

I C Moore

C M Griffiths

D G Wall

J Turner

C J Hunter

C J Rodgers

P R Amphlett (resigned 10/3/2025)

M P Cawthra

A L Brown (appointed 10/5/2025)

N G Crowson (appointed 10/5/2025)

Independent Examiner

A C Carpenter

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

Approved by order of the board of trustees on 10 April 2026 and signed on its behalf by:

D G Wall - Trustee

Independent Examiner's Report to the Trustees of

The Basingstoke Canal Society

Independent examiner's report to the trustees of The Basingstoke Canal Society ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

A C Carpenter

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

10 April 2026

| The Basingstoke Canal Society |

Statement of Financial Activities

for the Year Ended 31 December 2025

| 31/12/25 |  | 31/12/24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 53,137 |  | - |  | 53,137 |  | 112,313 |

Charitable activities

Covenanted profits of subsidiaries | 56,728 |  | - |  | 56,728 |  | 70,594 |

Other trading activities | 2 | 1,169 |  | - |  | 1,169 |  | 855 |

Investment income | 3 | 8,047 |  | - |  | 8,047 |  | 6,851 |

Total | 119,081 |  | - |  | 119,081 |  | 190,613 |

EXPENDITURE ON

Raising funds

Raising donations and legacies | 2,013 |  | - |  | 2,013 |  | 1,844 |

2,013 |  | - |  | 2,013 |  | 1,844 |

Charitable activities

Covenanted profits of subsidiaries | 466 |  | - |  | 466 |  | - |

General | 42,452 |  | - |  | 42,452 |  | 55,589 |

Total | 44,931 |  | - |  | 44,931 |  | 57,433 |

NET INCOME | 74,150 |  | - |  | 74,150 |  | 133,180 |

RECONCILIATION OF FUNDS

Total funds brought forward | 545,583 |  | 74,979 |  | 620,562 |  | 487,382 |

TOTAL FUNDS CARRIED FORWARD | 619,733 |  | 74,979 |  | 694,712 |  | 620,562 |

| The Basingstoke Canal Society (Registered number: 01296593) |

Statement of Financial Position

31 December 2025

| 31/12/25 |  | 31/12/24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 6 | 86,054 |  | - |  | 86,054 |  | 87,854 |

Investments | 7 | 101 |  | - |  | 101 |  | 101 |

86,155 |  | - |  | 86,155 |  | 87,955 |

CURRENT ASSETS |

Debtors | 8 | 198,383 |  | 74,979 |  | 273,362 |  | 292,128 |

Cash at bank | 340,652 |  | - |  | 340,652 |  | 243,130 |

539,035 |  | 74,979 |  | 614,014 |  | 535,258 |

CREDITORS |

Amounts falling due within one year | 9 | (5,457 | ) | - |  | (5,457 | ) | (2,651 | )

NET CURRENT ASSETS | 533,578 |  | 74,979 |  | 608,557 |  | 532,607 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 619,733 |  | 74,979 |  | 694,712 |  | 620,562 |

NET ASSETS | 619,733 |  | 74,979 |  | 694,712 |  | 620,562 |

FUNDS | 10

Unrestricted funds | 619,733 |  | 545,583 |

Restricted funds | 74,979 |  | 74,979 |

TOTAL FUNDS | 694,712 |  | 620,562 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

| The Basingstoke Canal Society (Registered number: 01296593) |

Statement of Financial Position - continued

31 December 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 April 2026 and were signed on its behalf by:

D G Wall - Trustee

| The Basingstoke Canal Society |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

| • | the requirements of Section 7 Statement of Cash Flows;

| • | the requirement of paragraph 3.17(d);

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

| • | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

| • | the requirement of paragraph 33.7.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| 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.

| Tangible fixed assets

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

| Plant and machinery | - | 10% on cost

| Related party exemption

| The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES - continued

| Fund accounting

| 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.

| Winding up or dissolution of the charity

| If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

2. | OTHER TRADING ACTIVITIES

| 31/12/25 |  | 31/12/24

£ | £ |

| Fundraising activities | 1,169 |  | 855 |  |

3. | INVESTMENT INCOME

| 31/12/25 |  | 31/12/24

£ | £ |

| Deposit account interest | 8,047 |  | 6,851 |  |

4. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 31/12/25 |  | 31/12/24

£ | £ |

| Depreciation - owned assets | 150 |  | 600 |  |

| Surplus on disposal of fixed assets | (7,350 | ) | - |  |

5. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

| Trustees' expenses

| No expenses were paid to trustees, save minor travel costs and reimbursement of postage and stationery costs paid for on behalf of the charity.

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and |

| property |  | property |  | machinery |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 January 2025 | 86,054 |  | 12,993 |  | 27,325 |  | 126,372 |  |

| Disposals | - |  | - |  | (4,200 | ) | (4,200 | ) |

| At 31 December 2025 | 86,054 |  | 12,993 |  | 23,125 |  | 122,172 |  |

| Depreciation

| At 1 January 2025 | - |  | 12,993 |  | 25,525 |  | 38,518 |  |

| Charge for year | - |  | - |  | 150 |  | 150 |  |

| Eliminated on disposal | - |  | - |  | (2,550 | ) | (2,550 | ) |

| At 31 December 2025 | - |  | 12,993 |  | 23,125 |  | 36,118 |  |

| Net book value

| At 31 December 2025 | 86,054 |  | - |  | - |  | 86,054 |  |

| At 31 December 2024 | 86,054 |  | - |  | 1,800 |  | 87,854 |  |

| The value of the land and buildings is substantially the freehold land, and is therefore not depreciated.

7. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| Market value

| At 1 January 2025 and 31 December 2025 | 101 |  |

| Net book value

| At 31 December 2025 | 101 |  |

| At 31 December 2024 | 101 |  |

| There were no investment assets outside the UK.

| The company's investments at the balance sheet date in the share capital of companies include the following:

| Surrey & Hampshire Canal Cruises Limited

| Registered office: 20 Springfield Road, Ash Vale, Aldershot, Hampshire, GU12 5EN

| Nature of business: Buying and selling goods and services

| %

| Class of share: | holding |

| Ordinary | 100 |  |

| 31/12/25 | 31/12/24

£ | £ |

| Aggregate capital and reserves | 100 |  | 100 |  |

| Profit for the year | 19,548 |  | 22,431 |  |

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | FIXED ASSET INVESTMENTS - continued

| John Pinkerton Canal Cruises Limited

| Registered office: 20 Springfield Road, Ash Vale, Aldershot, Hampshire, GU12 5EN

| Nature of business: Provision of canal cruises

| %

| Class of share: | holding |

| Ordinary | 100 |  |

| 31/12/25 | 31/12/24

£ | £ |

| Aggregate capital and reserves | 1 |  | 1 |  |

| Profit for the year | 37,181 |  | 48,163 |  |

| The net profit of the subsidiaries is stated before charging covenanted donations to the holding company of £56,729 (2024: £70,594).

| The main trading activity of the subsidiaries is the operation of passenger boat services on the Basingstoke Canal, including the sale of refreshments and merchandise.

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed by group undertakings | 263,267 |  | 290,764 |  |

| Other debtors | 10,095 |  | 1,364 |  |

273,362 |  | 292,128 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31/12/25 |  | 31/12/24

£ | £ |

| Other creditors | 5,457 |  | 2,651 |  |

10. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1/1/25 |  | in funds |  | 31/12/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 545,583 |  | 74,150 |  | 619,733 |  |

| Restricted funds

| Restricted Revenue Accumulated Funds | 74,979 |  | - |  | 74,979 |  |

| TOTAL FUNDS | 620,562 |  | 74,150 |  | 694,712 |  |

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | MOVEMENT IN FUNDS - continued

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 119,081 |  | (44,931 | ) | 74,150 |  |

| TOTAL FUNDS | 119,081 |  | (44,931 | ) | 74,150 |  |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1/1/24 |  | in funds |  | 31/12/24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 448,028 |  | 97,555 |  | 545,583 |  |

| Restricted funds

| Restricted Revenue Accumulated Funds | 39,354 |  | 35,625 |  | 74,979 |  |

| TOTAL FUNDS | 487,382 |  | 133,180 |  | 620,562 |  |

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 154,988 |  | (57,433 | ) | 97,555 |  |

| Restricted funds

| Restricted Revenue Accumulated Funds | 35,625 |  | - |  | 35,625 |  |

| TOTAL FUNDS | 190,613 |  | (57,433 | ) | 133,180 |  |

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | MOVEMENT IN FUNDS - continued

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

| Net |  |

| movement |  | At |

| At 1/1/24 |  | in funds |  | 31/12/25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 448,028 |  | 171,705 |  | 619,733 |  |

| Restricted funds

| Restricted Revenue Accumulated Funds | 39,354 |  | 35,625 |  | 74,979 |  |

| TOTAL FUNDS | 487,382 |  | 207,330 |  | 694,712 |  |

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

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 274,069 |  | (102,364 | ) | 171,705 |  |

| Restricted funds

| Restricted Revenue Accumulated Funds | 35,625 |  | - |  | 35,625 |  |

| TOTAL FUNDS | 309,694 |  | (102,364 | ) | 207,330 |  |

| All the unrestricted funds of the charity are free from restrictions and may be applied towards the objects of the charity at the discretion of the trustees.

| The total restricted funds as at 31 December 2025 of £74,979 comprise £3,729 of funds set aside for works related to the ecology and environment of the canal, plus £71,250 received from Surrey County Council's (SCC) 'Your Fund Surrey' (YFS) initiative, under a tri-partite agreement between YFS, The Society and its subsidiary John Pinkerton Canal Cruises Ltd (JPCC Ltd). These funds are restricted to expenditure by JPCC Ltd on the cost of building a new electric trip boat to replace the existing Woking trip boat and The Society's costs of agreeing a lease of land from SCC and installing electricity supply points on this land, to provide charging points for the new boat and other visiting boats, in Woking.

| The Basingstoke Canal Society |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

11. | RELATED PARTY DISCLOSURES

| The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. | SHARE CAPITAL

| The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year after.