Company registration number 00539193 (England and Wales)
INSTITUTE OF WATER
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
INSTITUTE OF WATER
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
INSTITUTE OF WATER
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
72,667
70,415
Current assets
Debtors
4
127,275
113,671
Cash at bank and in hand
458,479
452,403
585,754
566,074
Creditors: amounts falling due within one year
5
(116,879)
(101,650)
Net current assets
468,875
464,424
Net assets
541,542
534,839
Reserves
Areas reserves
33,957
27,229
Building maintenance reserve
33,605
33,605
Income and expenditure account
473,980
474,005
Members' funds
541,542
534,839

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 17 August 2026 and are signed on its behalf by:
G S Mandell
S G Youell
Director
Director
Company Registration No. 00539193
INSTITUTE OF WATER
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Institute of Water is a private company limited by guarantee incorporated in England and Wales. The registered office is 4 Carlton Court, Fifth Avenue, Team Valley Trading Estate, Gateshead, Tyne & Wear, NE11 0AZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.
Turnover represents subscriptions received together with the value of fees received in respect of events held.
Turnover in respect of:

- events is recognised at the point where there is a right to the consideration:

- corporate membership is recognised as income on an invoice basis: and

- individual membership is recognised as income when there is certainty over receipt.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Property Improvements
over the term of the lease
Fixtures, Fittings & Equipment
3 to 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

INSTITUTE OF WATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The Institute of Water is only taxed on trading activities and not membership activities.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

INSTITUTE OF WATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.11

Area event reserve

In recognition of the surpluses made by the area events, the company has set a policy to recognise these surpluses within this reserve. Included in the current year are transfers totalling £6,728 from the area funds to the profit and loss reserve (2024: transfers totalling £5,808 to the profit and loss reserve from the area funds).

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
6
3
Tangible fixed assets
Leasehold Property Improvements
Fixtures, Fittings & Equipment
Total
£
£
£
Cost
At 1 January 2025
91,363
50,647
142,010
Additions
-
0
3,766
3,766
At 31 December 2025
91,363
54,413
145,776
Depreciation and impairment
At 1 January 2025
21,460
50,135
71,595
Depreciation charged in the year
794
720
1,514
At 31 December 2025
22,254
50,855
73,109
Carrying amount
At 31 December 2025
69,109
3,558
72,667
At 31 December 2024
69,903
512
70,415

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
111,169
94,307
Other debtors
8,399
5,312
Prepayments and accrued income
7,707
14,052
127,275
113,671
INSTITUTE OF WATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,004
11,710
Taxation and social security
7,094
5,301
Other creditors
7,510
254
Accruals and deferred income
97,271
84,385
116,879
101,650
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Financial commitments, guarantees and contingent liabilities

The total amount of financial commitments not included in the statement of financial position is £nil (2024 - £1,200).

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