Company reglstratlon number: 02678080 Charlty regl8tfatlon number: 1015668 Scotland charlty reglstratlon number: 8C042339 Surf Life Saving Great Britain (A Gompary Ilmlted by guaranteo) Annual Report and Flnandal Statements for the Year Ended 31 December 2024 WESTCOTTS HAPTEIID ACCOUNYAMT & DU¥INIS• ADYISER¥ Surf Life Saving Groat Brftaln Contents R8ference and Admlnlstratlve Detalls 1 to2 Truste8s' Report 31010 Independent Audltors, Report 11 to14 Statement of Flnanclal Activitles 15to 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financlal Statements 19to34 Surf Llfe Savlng Great Britain Reference and Administratlvo Details Board of Tru$t•es Servlng durlng 2024: Petsr Lawrence {Reslgned 21 February 2024) Glon Mayhew Geoff Goodler John Martln (Reslgned 21 May 2024) Jan Shepherd (Re8igned 9 May 2025) Mike Snelling (Appolnted 7 October 2024) Mike Travis (Appolnted 7 October 2024) Carolyn Giles (Appointed 7 October 2024) Anclrea Penn811 (Appointed 7 October 2024) Ashley Mann Dave Green (Appointed 7 October 2024) Slmon Cohen Mark Taylor (Resigned 9 June 2024) Peter Lewis (Resigned 10 January 2025) Key Management Personnel: Chief Executive Officer: TIM Coventy (Retired May 2024) Chief Executlve Offlcer linterlm).. Mark Taylor (from June 2024) Page 1 Surf Llfe Savlng Great Brftaln Refer6nc• and Admlnlstrat1￿ Detalls Charlty Regl•trntlon Numb•r 101se88 England and Wales SC042339 Scotland Company Reglstratlon Number 02678080 R•gl•tsred Offl Buckiand Hous6 8rrf8r.way sO¥￿n Exeter EX27HU Audltor Westcotts (SW) LLP Tallford Hou8e 38 Walll8COte Road Weston-super-mwe Somersat BS23 1 LP Soll¢ttorn: Tozers 8ollcltor8 LLP Broadwalk House Southemhay West Exeter Devon EX11UA Bankern Lloyds Bank PLC 234 High Stroet Exetor EX4 3NL Page 2 Surf Llfe Saving Great Brltaln Trustees. Report The truslees, who are directors for the purposes of company law. present the annual report together with the financlal slatement8 and audltors, report of the ch8rltable company for the year ended 31 December 2024. ObJectlves and actlvltles Surf Life Saving Great Britain {SLSGB) 18 a registered charlty and the recognlsed National Goveming Body for surf Ilfesaving and a company Ilmlted by guarantee. It exlsts to Save Ilves and prevent dr¢)wning through safety education, voluntary rescue ser¥ice5, and Ilfesaving sport. Our network of affiliated clubs, volunteers and partners M)rks year-round to improve public safety on beach6s and in open water environments. Our objects The object for whlch the company is eslablished is to save Ilves on Britaln's beaches and to engage In search and rescue actlvilles and to provide educatlon In all areas relating to lifesavlng, search and rescue and resuscltatlon for the benefit of the publlc. Publlc beneflt The trustees conflmi that they have complled wlth the requlrements of sectlon 17 of the Charltles Act 2011 to have due regard lo Ihe publSc benefit guidance published by the Charity CommSss5on for England 8nd Wales. SLSGB'S actlvitl8s provide measurable publlc benefit through.. Life Preservation.. Supporting a natlonal net4vork of Ilfesavlng clubs prov5dlng voluntary rescue seNices Edijcatlon: Delivering Ilfesavlng quallficatlons and tralnlng to members and the general publlG Sport Development,, Qrganlsing surf lifesavlng sport and competltlons to promote phystcal fitnes5 and rescue skills Emergency Response,. En8bllng declared coastal sèarch and ￿scUe operatlons in partnershlp wlth emergeT)cy services Flood Response: Providing flood and inland waler rescue capability across multiple regions under the OEFRA Concept of Opèrallons All activities are oarrled out for the beneflt of the general public, with no private beneflt to trust8es or members beyond reasonable reimbursement of expenses. MISSION, VISION AND VALUES Our Vlslon We keep people safe on our coasts and waterways, unltlng communities to sav8 Ilves. Our Mlsslon Surf Life Saving GB is the UK'S nallonal charity and govemlng body for surf lrfesavlng, brlnglng together more than 8,000 volunteers from all walks of1Sfe, formlng a unrted community dedicated to public safety, drownlng p￿ventIon, and the positive power of water for wellbeing. Our Values Our values underpin everything Y￿ do, as we: Act as one community and one team Page 3 Surf Llfe Saving Great Britaln Trustees, Report Demonstrate care and courage Love and respect the water Never stop leamlng Through these values, our dubs and volunteers Insplre action. develop new skllls, and ensure our coasts and waterways are safer for all. ACTIVITIES AND ACHIEVEMENTS IN 2024 Llfe Savlng and Emergency R•spon*e Our volunteer rescue patrols responded to numerous beath and Inland emergency scenarios throughout 2024. Our flood response teams contlnued to operate under full compliance wlth the DEFRA Con￿pt of Operatlons, malntslnlng our status as a trusted partner sn national emergency response. Between January and December 2024, SLSGB asslsted 3,525 people, Including 13 lives saved. 37 first ald responses, 51 mlsslng persons cases, 98 rescues, 1,546 reactive interventlons, and 1,780 prevenlatlve Interventlon8. Key Statlstlcs: More than 8,000 active voluntaers Over 4,000 lifesaving awards dellvered 200+ Flood Rescue Technicians on call natlonwide Clubs and patrols from Aberdeen to St Ives, with growing Inland actlvlty Emergency Response Hlghllghts: Natlonal flood rescue teams deployed for tralnlng and active supp(xt durlng several major wKather Incldents Enhanced capability demonstrated during increased wlnler weather events and localised ftoodlng Contlnued partn8rship working wlth Pollce, Flre and Rescue SeNices, and Local Authoflties Tralnlng and Educatlon 2024 saw contlnued growth In our educatlon and trainlng programmes, wlth income from edu¢ation-rélated actlvltles rfslng signlficanlly, refleGllng Increaslng demand for our courses and quallfications. Tralnlng AchSevements: ReGord Quallflcatlon Number8: Over 4,000 Ilfesaving awards issued to members and the publlc Professlonal Standards: All qualifications dellvered to the highesl nation81 vocational slandards Range of Awards: From entry-level "Rookle Lifeguard. to advanced search and rescue certlficatlons DEFRA Compllance: All flood rescue tralnlng malntslned full compllance with DEFRA Concept of Operatlons slandards Page 4 Surf Life Savlng Great Britain Trustees, Report Sport Development and International Competltlon National Champion5hlps Success.. Natlonal Surt Life Saving Champlonships held at Branksotne with over 1343 competitors NatlonAI Senlor Surf Llfe SavSng Champlonshlp8 held 8t Newquay achleved record participation with over 261 athletes and strong intemational representation Pool Champlonshlps and Beach Champlon$hip8 saw exceptlonal partlclpation across all age groups. wlth Pool Champlonshlp entrles up 13.5% on the precedlng year. Youth Ghamplonshlps won by WoolaGombe SLSC, demonstratlng continued strength In youth development Nlppers Charnplonghlps featured 29 clubs vAth our larg88t slngle event seeing 75 competltors In 10-year-old female Flags Internatlonal A¢hlevement". 8rftlsh athlete Plran Phllllps competed at the 2024 Lifesaving World Champlonshlps on the Gold Coast, Australia. representlng Great Britain in the Men'5 Ski event GBR team selection trlals held at Branksome Chine. Boumemoulh in June 2024 Continued development of hlgh-perfom1an￿ pathw8ys for international cornpetilion Chaired the International Llfe Savlng (ILS) Rescue Operation8 Commlttee. Keynote Speaker at the World cO￿resS on Drownlng Preventlon, at the Invllation of the Royal Spanish Life Saving Feder8tlon. Club and Membership Development Growth Achievements: Addltlonal Clubs Cr•at•d: Slgnlficant growth partlcu18rly In Scotland and emergence of dual-affiliated dubs In the North and North East regions Youth Empow•mient: Membership ol Nlpper, Junlor and Youth secllons reached all-time highs New Age Groups: Several clubs launched new age-group calegorfes to accommodate growing demand Membershlp Growth: Total membership Income reached £313,316, demonstratlng strong member ret6ntlon and attractlon Communlty Engagement and Safety Campalgns #RespoctTheWater Campalgn.. Reached over 1iO,000 peopl8 through multl-channel dellvery Raised public awareness of water safety across dlverse communities Supported natlonal water Safety objecllves In partnershlp wlth key 8takeholder8 Communlty Impact: Volunteer Hours: Thousands of volunteer hours contrlbuted across beach patrols, Inland rescue. educatlon, 8nd sports pro9rammes Young People Eiigaged: Record-breaklng particlpatlon Sn sports and youth development activltles Page S Surf Life Saving Great Britaln Trustees. Report Communlty Partnershlps: Enhanced relatlonshlps wlth schools, unlversiti8s. and local authoritles 8TRATEGIC PARTNERSHIPS AND COLLABORATION Key Partnerships RNLI Strateglc Partner5hlp: Contlnued strategic partnership with the Royal National Lifeboat Institution, wlth SLSGB volunteers worklng closely with RNLI Beach Lifeguards to provide joint lrfeguard serrfices and beach patrols. DEFRA Flood Response: Maintalned full operational capability under the DEFRA Concept of Operatlons. wlth over 200 trained Flood Rescue Technicians available for national deployment. Emergency S•rvlces: Active collabor8tron ￿th Pollce, Flre and Rescue SeNlces, and Locgl Authorities in rescue training and operational response. Int8rnatlonal Cooperatlon: ActFve partlclpatlon In Internatlonal Lrfe Savlng Federation actlvities and developrnent of Internatlonal safety standards. Educatlonal Partnershlps: Expanded partnerships Nwth schools, unlversitles. and Ioc81 authorities for publlc group educatlon and watsr safety awarefj8SS. Water Safety Leadershlp International leadership through the ILS and Worfd Drovming Conference Active particlpatlon in natlmmilment and expertise of our volunteer Trustees and professional staff team in governing arKI managing the charity effectively. Page 9 Surf Life Savlng Groat Britaln Trustees. Report Statement of trustees. responsibilltles The trustees (who are also the directors of Surf Lrfe Saving Great Britain for the purposes of company law) are ￿spOnSible for p￿parIng the trustees. report and the financial statements in accordonce with applicable I￿• and United Kingdom Accountlng Standards (United lfjngdom Generally Accepted Accounting Practice). including FRS 102 .Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" The ￿pOrt and accounts have been prepared in accordance wlth the provisions In the Companies Act 2006 relating to small companies. .Company law requires the twstees lo prepare flnanci81 statements for eath financial year. Under company law the trustees must not approvg the financlal stat8m8nts unless they are satisfied that tbey give a true and falr view of th8 State of affalrs of the charitsble company and of the incomlng resource.s and application of resources, including its Income and expenditure, of the charitable company for that perlod. In preparlng these financlal ststements, the trustees are required to., select sullable accountlng policles and apply them conststéntly; obsepie the methods and prSnclples In the Charities SORP; make judgements and egtimates that are rea80nable and prudent; state whether 8pplicabl8 8ccounting standards, comprising FRS 102 hav8 been followed, subject to any material departures disclosed and explained in the financial statem8nls,' and prepare the financial statements on the goSru u)ncem basls unless it is inappropriate to presume that the charilable company will continue in business. The trustees are responslble for k8eplng proper accounting re(x)rds that can disclose wFih reasonable accuracy at any ts'me the financial posiuon of the charitable company and enable them to ensure that the financial slalements comply with the Companies Acl 2006. Th8y are also responsible for safeguarding the assets of the charltable company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. The trustses are responsible for the maintenance and integrity of the corporate and financial informatlon induded on the charitable compansls website. LegSslatlon governlng the preparation and dissemination of finanGial ststements may dSffer from legislation in other Jurisdlction8. Dlsclosur• of informatlon to audltor Each trustee has taken Steps that they ought lo have tsken as a trustee in order to make them8elv68 aware of any relevant audlt Informatlon and to establlsh that the charity's audltor 18 aware of that Infomiatlon. The trustees confirm that there Is no relevant Infomiation that they know of and of which they know the audltor Is unaware. Small companles provlslon statement This report h88 been prepared in accordance with the small companies regime under Ihe Companies Act 2006. The annual report was approved by the trustees of the charity on 241912025 8nd signed on its behalf by: G S Mayhew Trust88 Page 10 Surf Llfe Saving Great Brltain Independent Audltor's Report to the Members of Surf Llfe Savlng Great Britain Opinlon We have audlted the flnancl81 statements of Surf Llfe Saving Great Brftsln (the 'charity') f(>r the year ended 31 Dècember 2024, whlch comprfse the Statement of FSnanclal Actlvllles, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of slgnfficant accounting pollcies. The finandal reporting framework that has been applied In thelr preparation is Uniled Klngdom Accountlng Standards, comprlsing Charltles SORP - FRS 102 The Flnancial Reporting Standard applicable in the UK and Republlc of Ireland, and appllcable law (United Klngdom G8neralty Accepted Accountlng Practlce). In our opIn￿n the flnancial 8tatements' give a Irue and fair view of the state of the charivs affalrs as at 31 December 2024 and of its incoming resources and applicatlon of resources. includlng ils Income and expenditure. for the year then ended. have been properly prep8red in accordance with Unlted Klngdom (3enerally Accepted Acmunting practi￿., and have been prepared In accordance with the requirements of the Companles Act 2006. Basls for opinion We conducted our audlt In accordanTre viith Internallonal Standards on Auditing (UK) (ISAS (UK)).and applicable law. Our responslbilltios under tb.ose standards are further descrlbed in the auditor responuvibilitles for the audlt of the flnancSal statements sectlon of our r8POrt. We are independent of the charity in acc￿rdanCe wlth thè ethlcal requirements that are relevant to our audlt of the financial statements in the UK, includlng the FRC'S Ethlcal Standard, and th8 prov181on8 avallable for small entltles, in the clrcumstances Set out In note to the financlal statements, and we heve fuwilled our other ethlcal responsibl11￿e8 In accordance with these requlrements. kve belleve that the audit evidence we have obt8lned Is sufficient 8nd approprl8te to provlde a basis for our oplnion. Concluslons relatlng to going concern In audlting the financlal statements, we have concluded that the trustees usa of th8 90ing concern basls of accounting In the preparatlon of the financial ststements 18 8ppropr18te. Based on the work we have p8rformed, have not Identlfied any material uncertalntles r81atirvJ to events or ￿ndItIOnS that, individually or collectively. may cast slgnKtcant doubt on the charlty's ability to continue as a golng concern for a perlod of at least tsv8lve months from when th8 orlglnal financlal statements were authortsed for issue. Our responslbllltles and the respon81bllltles of the trustees wlth respect to golng concorn are described in the relevant sectlons of thls report. Other Information The Irustees are responsible for the other Infomatlon. The other infomallon comprises the information included in the annual report, other than the financial statements arKI our auditorfs report thereon. Our opinion on the financlal statements does not cover Ihe other information and. ex￿pt to the extent otherwlse expllcltly stated In our report, we do not express any form of a5suranGe condusion thereon. Page11 Surf Life Savlng Great Brltaln Independent Auditorfs Report to the Members of Surf Llfe Saving Great Britain In connectlon wlth our audlt of the finandal statements, our responsiblllty is to read the other information and, In dolng so, conslder whether the 0th8r Info￿natIOn18 materlalty Inconsistent with the fln8nclal statements or our knowledge obtalned In the audit or otherwise appears to be materially misslated. If we Identlfy such rnaterlal Incons15tencies or apparent material misststements, we are required to determlne whether there is a materlal mlsstatement in the financlal statements or a material mlsstatement of the other Information. If, based on the work V￿ have performed. we conclude that there is a material misstatement of this other infomatlon, are required to report that fact. We have nothing to report in this regard, Opinlon on other matter prescrlbed by the Companles Act 2006 In our opinion. based on the vmrk undertaken in the course of the audit: Ihe information given in the Trustees. Report for the financial year for which the financial statements are prepared is consistent with the financial slatements. and the Trustees, Report has been prepared In accordance with appllcable legal requirements. Matters on whlch we are requlred to rèport by exceptlon In the" light of our knowledge and understanding of the charfty and its environment obtain8d in the course of the audlt, we have not Identffied material misst8tements in the Trustees, Report. We have nothlng to report in respect of Ihe followng matters where the Companies Act 2006 requires us to report to you if, In our opinion: adequate accountlng records have rKJt been kept, or returns adequate for our audit have not been received from branches not vlsited by us. or the financial statements are not In agreernent wlth the accounting records and retiirns.. or certain disclosures of trustees remuneration specified by law are not made; or we have not received all the Information and explanations we require for our audit. Respon8ibllltl88 of trustees As explained more fully In the Stalement of trustees, re5ponslbilitles (set out on page 10), the trustees are ￿spOnsIble for the preparation of the financial statements and for being satlsfied that they glve a true and fair vi8w, and for such internal control as the trust88s determlnels necessary to enable Ihe preparatlon of flnancial statements Ihat are free from materlal mlsstatement, whether due to fraud or error. In preparlng the financlal statemonts, the trustees are responslble for assesslng the charlty's ability to contlnue as a golng concern, discloslng, 88 appllcable, malter8 related to golng concern and using the golng ￿ncern basls of accountlng unless the trustees either intend to Ilquldate the charity or lo ￿ase operations, or have no realistic altematlve but to do so. Audltor responsibilities for the audlt of the flnanclal stst•m•nts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mlsstatem8nt, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high bevel of assurance, but is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material tnisstatement when it exists. Mlsstatements can arlse from traud or error and are considered material if, Indivldualty or in the aggregate, they could reasonably be expected to Influence the economic decislons of user8 taken on the basis of these financial statements. Page 12 Surf Life Saving Gréat Brltain Indopendent Auditor's Report to the Members of Surf Lrfe Savlng Great Brltain Irregularftles, Includlng fraud, are instances of non-compllance with laws and regulations. We design procedures in line with our responsibilities. outllned above, to detect material misstatements In respect of irregularitles, Including fraud. The extenl to whlch our procedures are capable of detectlng irregularities, including fraud is detailed below: We identifi8d areas of laws and regulations that c¢)uld reasonably b8 expected to have a material effect on tha financial statements from our general commercial and sector experience and through discussion with the trustees, We communi(2ted identlfied laws and regulations throughout our team, and rem3lned alert to any IndiGatlons of non-compllance throughout the audit. The charitable company Is subjeGt to18vts and regulatk)n5 that govem the preparation of the financial ststements. (r￿uding flnanclal reportlng legislallon. and other companles legislation. The charitable company is also subject to other laws arKI regulations where the consequences. of rK)n sufficSent and approprlate to provide 8 basls for our opinlon. The risk of not detecting a material rryisstatement resulting from fraud is higher than for one resulting from èrror. as fraud may Involve collusion, forgery. Intentional omissions, mlsrepresentatlons, or the overrlde of intemaj control. Obtain an underslanding of intemal control relevanl to the audit in order to design audit procedures that are approprlate in the (Ircumsiances, but not for the purpose of expresslng an opir.ion on the effectlveness of the Intemal Control. Evaluate the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audlt evidence obtained. whether a material uncertainty exlsts related to events or conditlons that may cast significant doubt on the charitable companrfs ability to continue as a golng concem. If we conclude that a materlal unGertalnty exlsts, we are required to draw attenllon in our audltorfs report to the related disclosures in the financlal statements or. if such disclosures are inadequate, to modify our oplnion. Our concluslons are based on the audlt evldence obtalned up to the date of our auditor's report. However. future events or conditions may cause the charitable company to cease to continue as a golng concern. Eva.uate the overall presentallon. structure and content of the financlal statements, Including the disclosures, and whether the flnanclal statements represent the underlying transaclions and evenls in a manner that achieves falr presentation. A further description of our re8ponsSbllltles Is avallable on the Flnanclal Reportlng Councll's webslte at: www.frc.org.uklauditorsresponslbllltles. Thls descrlption forms part of our auditor's report. Page 13 Surf Life Saving Great Britain Independent Auditor's Report to the Members of Surf Llfe Saving Great Britain Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to thom in an auditor's report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work. for this report. or for the opinions we have fomied. Peter Lom8x { For and on r Statutory Audltor) alf of Westcotts (SW) LLP, Statutory Auditor Tallford House 38 Walliscote Road Weston-super-mare Somerset BS23 1LP Date:.. Page 14 Surf Llfo Savlng Gr•at Brltaln Statement of Flnanclal Actfvitles for the Year Endod 31 Decembor 2024 (Includlng Income and Expendlture Account and Statement of Total Rocognlsed Galns and Losses) Unrostricted funds Totsl 2024 In¢ome from: Donations and legacies Charliable activlties Investrnent irThme 341,626 368,990 2,068 341.826 368,990 2,068 Total income 712,684 712,684 Expendlture on: R81slng funds Charltable acilvitles (899) (713,846 (899) 713,846 Total expenditure (714,745 714,745 Net expenditure (2,061 2,061) Net movement In funds {2,061) (2,061) R•conclllatlon of funds Total funds brought fonvard Total funds carrled forward 231.169 231,169 18 229,108 229,108 The notes on pagos 19 to 34 fonn an Integral part pf these flnanclal statements. Page 15 Surf Lif• Saving Great Britaln stst•mont of Flnancial Activltles for Ihe Year Ended 31 Dècembar 2024 (Includlng Income and Exwndlturn Account and Ststement of Total Recognlsed Galns and Losses) Unrestrfcted funds Restricted funds Total 2023 Nots Income and Endowments from: Donations and legacles Charitable activities Investment income Other income 312,259 283,357 1,367 18,139 23,446 3.35,705 283,357 1,367 18,139 Totsl income 615,122 23,446 638,568 Expendfture on: Raislng funds Charitable actlvltles (12,2151 624.639 (12.215} {648.085) 23,446) Tolal expendltur8 Nel expendlture Net movement in funds 836,854) (23,446 (660,300) 21,732 (21,732) (21.732) (21,7321 ReconGlllation of funds Tolal funds brought forward Total funds carrled forward 252.901 252,901 18 231,169 231.169 All of the charity's actlvities derive from continulng operatlons during the above two peri￿js. The notes on pages 19 lo 34 form an Integral part of these flnanclal statements. Paga 16 Surf Life Savlng Great Britain (Registration number: 02678080) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 11 12 20,877 26,417 20,678 26,418 Current assets Debtors Cash 81 bank and In hand 13 14 62,808 249,229 312,037 22.480 224.390 246,870 Credltors: Amounts falllng due wlthln ov)e year Net current assets 15 103,6071 (42,119) 204,751 231,169 208,430 229,108 Net assets Funds of the charity: Unrestrlcted Income funds Unrestricted funds 229,108 231,169 Total funds 231,169 These financial statements have been prepared In accordance with the special provlsions ￿latIng to Companies Subject to the small Gompanie8 reglme within Part 15 of the Companie3 Act 2006. The iinan ial statements on pages 15 to 34 were approved by the tru8tee8, and authorised for issue and si ed on thelr behalf by: hew Trust¥e The notes on pages 19 to 34 fom an integral part of these financial statements. Page 17 Surf Llfe Savlng Great Brltain Statement of Cash Flows for tha Yaar Ended 31 Decombor 2024 2024 2023 Note Cash flows from operatlng acllvltles Net cash incomel(eXpendl￿re) AdJUStm¢nts to cash flows from non*ca$h it•ms Depreciation Investment income 13,097 (21,732) 7,036 2,068 18,065 9,432 (1,367) 113,667) Working capltal adjustments (Increa5eydecrease in debtors Increasel{decrease) In credltors Net cash flows from operatlng actlvltles Cash flows from invostlng aciivltle8 Interest received Acquisitions of tanglble a•￿se Net cash Ilows from Investlng 8clSvltie8 Net Increasel(decroasa) In cash and cash equivalents Cash and cash equivalents at 1 January 13 15 (31.032) 37,034 5,406 13,666) (21,927) 24.067 2.068 (1,296) 1.367 (4.739) (3,372) 772 24,839 (25,2991 249,689 224,390 249,229 Cash and c8sh equivalents at 31 December 224,390 Cashflow rostrfctlons Charfty law prohlbits the use of net cash inflovA on any endowed or other restri¢ted fund lo offset net cash oufflows on any fund outside its own objects. except on special authorty. In practice. this restriction has not had any effect on cashflows for the year. . The notes on4)agas 19 to 34 forrn an Int4ydral part of thgse flnanL"ial stalem8rits. PAge 18 Surf Life Saving Great Britain Notes to the Flnancial Statemenls for the Year Ended 31 December 2024 1 Charlty status The charity is limited by guarantee, incorporated In England and Wales and Scotland. The address of its reglstered offlce is: Buckland House Harrier Way Sowton Exeter EX27HU 2 Accountlng policlos Summary of signiflcant accountlng pollcl•s and key accountlng estlmatas The principal accounting pollcies applled In the prepar8fjon of these financlal statements are set out below. Thase policies have been consistently applled to all the years presented, unless Othe￿ISe stated. Slatement of Gompllance The financial slat8m8nts hav8 been prepared in accordance with AGcounting and Reportlng by Charities.. Statement of Recommended Practice (applicable to charltie5 preparing th8lr accounts in accordanlx with the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland (FRS 102)) (issued in October 2019) - (Charltles SORP (FRS 102)), the Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102), the Charitles Act 2011 and the Companies Act 2006. Bas1$ of preparatlon Surf Lrfe Savlng Great Britain rne8ts the definition of a publlc benefit entity under FRS 102. Assets and liabililles are inttlally racognised 81 hlstortcal cost or transactlon value unless otherwise statsd In the relevant accounting pollcy notes. The financial statements are prepared In Sterllng, which is the functlonal currency of the entity. Golns concern The truste&s consider that there ara no material uncertalnties about the chariirfs ability to continue 85 a going concern nor any sigrbificant areas of uncertainty that affect the carrylng value of assets held by the charity. Judgements and key sourcas of estlmatlon uncertainty The preparatlon of the flnanclal statements requlres management to make Judgements, 8Stlmates and assumptions that affect the amounts reported. These estlmates and Judgements are continually viewed and are based on experlence and other factors, includlng expectatlons of future 8vents that are believed to be r8asonable under the clrcumstances. page 19 Surf Llfe Savlng Great Brltain Notes to the Financial Statements for the Year Ended 31 December 2024 Fund structure Unrestrlcted Income funds are general funds Ihai are available for use at the trustees discr8tlon in furtherance of the objectives of the charity. Deslgnated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictlons on thdr expendItU￿ declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Income All income is r8cognised once th8 charlty has entillement to the income, it is probable that the Income vill be reGeived and the amount of the income receivable can be measured rellably. Donations and legacles Income from donations or grants is racognised when there Is evidence of entitlement to the gifl, receipt Is probable. and its amount can be moasured rellably. Legacy Income Is recognlsed whon receipt is probable and entitlement15 8Stablished. Income from donated goods Is measuréd at talr value of the goods unless thls is Impr8Ctlcal to maasure reliably, iry which case the value is derived from cost to the donor or the estimated resale value. Donatod services and faclllties Donated facilit16s and Se￿IceS are recognised in the accounts when received if can be reliably measured. No amounts are included for the contrfbutlon of general voluntoers. Otherlncome Income from contracts for the supply of serAc•s Is recognlsad wfth t￿.8 delNéry of Ihe contracted seNlce. Thls Is classlfled as unr8Strfctad funds unless theré ￿ a contractual requlrement for It lo b8 spent on a partlcular purpose end retumed If unspent, In whlch case it may be regarded as restricted. Expendlture .All expenditure is recognlsed once there 18 a legal or constructive obligation to thet expendllure. it is probable settlement Is requlred and the amount can be measured reliably, All costs are allocated to the applicable expenditure heading thal aggregate slmllar cpsts .to that category. Where costs ¢annot be directly attrlbuted to partlcular headlngs Ihey have been allocated on a ba8ls consistent with the use of resources, ￿th central staff costs allocated on the basls of tlme spent, and depreciatron charges allocated on the portlon of the asset's use. Other support costs are allocated based on the spread of staff costs. Raislng funds .Expandlture on ralslng fund8 includes the costs of all fundralslng activitieB,. events, non-charitab18 tr8dlng aCtI￿￿e8 and the sale of donated goods. Page 20 Surf Life Savlng Great Britain Notes to the Financlal Statements for the Year Ended 31 December 2024 Charltable a¢tlvltles Expendtture on charrtable actlvities indudes all costs Incurred by a charity In undertaklng activitles Ihat further its charitable alms for the benefit of tts beneficlaries, Induqllng those support costs and costs relatlng to the governance of the charity apportloned to charltable actlvltles. Other expendlture Other expendlture Includes all expenditure that Is neither related to r8lslng funds for the tharlty nor part of its expendlture on thartsble acllvltles. Support costs Support Msts include central function5 and have been allocated to activity Cost cgtegories on a basis consistent with the use of resources, for example, allocating propety costs by floor areas, or per capita. staff costs by the time spent and other costs by their usage. Govomanc• costs These include the costs attributable to the charltys compllance wlth conslllullonal and statutory requirements, Including audlt, strateglc management and trustees meellngs and reimbursed e.Kpenses. Go'4•rnment grants Government grants are recognised at falr value of the asset recelved or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the corMliti<)ns attached to them and the grants will be received. Operating leases Lease payments are recognlsed as an expense over the lease term on a straight-line basis. The aggregate benefit of18ase inGentiv8s is recognlsed as a reductlon to expensé over th818ase term, on a straight-line basis. Taxation The charity is consldered to pass Ihe tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore rt meets the definition of a charrtable company for UK Gorporation tax purposes. Acc.ordingly, the charity Is potentlally exempt from laxallon in respect of Income or capital galns received within categorles covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Sectlon 256 of the Taxation of Chargeable Gains Act 1992, to the extent thal such income or galns are appliad exdusively to charitsble purposes. Goodwlll Goodwlll arlses on busln8ss acqulsltlons and represents the excess of the cost of the acqulsltion over the CharIt￿S interest In the net amount of the Identfflable assets, Ilablllties and contlngent Ilabllltles of the acqulred business. Goodwill is measured at cost less accumulated amortisatlon and accumulated impalment losses. It is amortised on a straight-line bagis over its useful lrfe. Where a relbable estSmate of the useful Ilfe of goodwill or intangible assets cannol be made, the Ilfe Is presumed not to exceed five years. Page 21 Surf Life Savlng Great Britaln Notes to the Financial Statements for the Yaar Ended 31 Decem Amortlsatlon Amortisation is provided on inianglble fixod assets so as to write off the cost. less any estirnated residual value, over thelr expected useful 8conomic life as follows: Asset class Goodwlll Amortisation method and rate 25% straight Ilne Tangible fixed assets Tangible assets are initially recorded at cos( and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangSble asset5 carried at revalued amounts are recorded at the falr value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated Impalrment rosses. An increase In the carrylng arnount of an asset as a result of a revaluation, Is recognlsed In other recognlsed galns and losses, unless it r6ver8es a charge for impalnnent that has previousty been r(4cognised as exp8nditure within the Statement of Financlal Actlvftles. A decrease In the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluatron gain, in which case the loss is shown within other recognised gains and losses on the Statemenl of Flnanclal Actlvities. Depreciatlon Depreciation is provided on tanglble fix-d assets so as to writa off the cost or valuation, less any estlmated residual value. over thelr expected useful economlc lffe as follows.. Asset class Plant and machinery Fixttires and r￿ingS Boats 8nd engines Motor vehldes Depreclatlon method and rdte 25% straight Ilne 25% straight line 10Yo Stralght Ilne 25Yo Stralght Ilne Flxed asset Invastments Fixed asset Investments, other than programme related Investments, are Included at market value at the balance sheet date. Reall8ed gains and losses on investments are calculated as the dlfference be￿en sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Actlvities in the period of disposal. Unrealised gains and losses represent the movement in market values durlng the year and are credited or charged to the 8tatement of Financial Activities based on the market value at the year end. Cash ,and cash •qulvalents Cash and cash 8quivalents comprise cash on hand and call deposits, and other short-temi highly lyiuid invastments that are readlly convgrtiblts" to" 8 known"amount of cash and are subjecl to an inslgnlficant rlsk of chang8 in value. Page 22 Surf Llfe Savlng Great 8ritaln Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Pensions and other post rntlrement obllgatlons Contributions to defined contrlbution plans are recognlsed as an expense in the period in whlch the related service Is provided. Prepaid contrlbutlons are recognSsed as an 8sset to the extent that the prepayment will lead to a reduction in future payments or a cash refund, When contrSbutions are not expected to be settled vtholty wllhln 12 months of the end of the reportlng date in whlch the employees render the relaled servi￿, the liability is measured on a discounted present value basis. The unwindlng of the discount Is recognlsed as an expense in th8 period in whlch it arises. Flnanclal Instruments Classlfication A flnancial asset or a financial Ilability is recognlsed only when the Gharlty becomes a party to the contractual provisions of the instrument. Basic financial instruments are initlally recognised 8t the amount receivable or p8yable induding any related transactlon costs. Current assets and Gurrent Ilabllltles are subsequently measuFed at t￿,? cash or other consideration expected to be paid or received and not dlsGounted. Debt instruments are subsequenlly measured at amortised cost. Recognltlon and m•asurement whe￿ Investments in shares are publlcli Iraded or thelr fair value can otherwise be rneasu￿d rellably. the Investment is suknsequently measured at fair value with chap,ges In falr value recognlsed in income and expenditure. All oth8r such investments are subsequontly nieasured at cost less impaimient. Other financi81 instruments, Includlng derfvatives, are Inltlally recogn15ed at falr v81ue, unless payment for an asset is deferred beyond normal business terms or flnanced at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted et a market rate of Inte￿8t for a similar debt instrument. Other financial instruments are subsequenlly measured at falr value. with any changes recognised in the Statoment of FlnanGial Actlvlties, wlth the exceptlon of hedglng instruments in a deslgnated hedging relationshlp. Page 23 Surf Life Saving Great Brltain Notes to thè Financlal Statements for the Year Ended 31 December 2024 Impalmient Flnanclal assets that are measured al cost or amortised c￿St are revlewed for objective evldence of impalrment at thè end of each reportlng date. If there Is obiectlve evldence of Impalrniént. an mpairment loss Is recognised under the appropriate headlng in the Statern8nt of Flnancial Acilvitles in whlch the Inltlal galn was recognlsed. For all equty Instruments regaTdless of slgnltlcance, and other flnancial assets that are individually significant, these are assessed IndSvldually for impalrment. other financial assets are eithor assessed individually or grouped on the basis of similar credlt risk characterfstlcs. Any reversals of impairnient are recognlsed immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carry.ing amount V￿ul6 have been had the Impalrment not previously been recc•3nlsed. 3 Income from donatlons and legacies Unr•strictod funds General Totsl 2024 Donalions and legaclas". Donations Membprship 28.310 313,316 341,826 28.310 313,316 341.626 Unr•$trl¢t•d funds General Restricted funds Total 2023 Donations and legaci8S; Dofj8tions Membership 52,451 259,808 312,259 23,446 75.897 259,808 23,4J16 335,70.fj Page 24 Surf Lffe Savlng Great Brltain Notes to the Flnanclal Statsments for thè Year End￿ 31 December 2024 4 Income from charltable actfvltles Total 2024 Total 2023 ub affiliation Education courses Education publlcallon Education delivery Events general Events entry fees Events sponsorship 99,906 74,804 6,378 53,178 21,408 113,316 54.145 71.095 8,520 19,385 17,444 112.660 108 368,990 283.357 5 Expendlture on charltable actlvltles Unrestrlcted funds Genoral Total 2024 Ch%irilable life saving and sporting actlvlti88 Supprjrt costs 566,050 147,796 713,846 566,050 147,796 713.846 Unre•triGted funds Ro8trlctod funds Total 2023 Charilable Ilfe saving aryd sportlng actlvltles Support costs 395.893 228,746 624.639 16,412 7,034 23,446 412.305 235,780 648,085 Page 25 Surf Llfe Savlng Great Brltain Notss to the Flnancial Statemonts for the Year Ended 31 Docember 2024 ACt￿lty undertaken dlrectly Actfvlty support 2024 Charitabjo lrfe savlng and sportlng acttvttles Govemance costs: audltors remuneratton 566.050 140.921 6.875 706.971 6.875 713,846 147,796 Actlvlty undertaken dlreclly Actlvlty Support cpsts 2023 ChAdtabJe life savlng and.sportlng activltles GovemanGe Gosts: a(￿ltorS remuneratlon 412.305 231,530 643,835 4,250 848.085 412,305 235,780 Page 28 Surf Life Saving Great Britaln Notes to the Financial Statements for the Yoar Endod 31 December 2024 6 Analysls of govornance and support Costs Charltablo Ilfe savlng and sportlng actlvltlas Total 2024 staff costs Amortisation ar￿ depreclat5on Othar costs 60,559 7,036 80,201 147,796 60,559 7,036 80,201 147,796 Unroslrlcted funds Gonoral Totsl 2023 Staff CGSts Amortisation and depreciation Oth?r ￿sts 101,189 9,432 125,159 235.780 101,189 9,432 125,159 235,780 7 Net incomlngloutgoing resources Net outgoing rcsourc8s for the year Include: 2024 2023 Depreclallon of tanglble tlxed 8ssets Fees payable for the audlt of the flnanclal services Fees payable to the audttor for non-audlt servloes Lease payments recognised as an expense 7,036 3,855 850 48,888 9,432 3,400 850 18.235 8 Staff Costs T￿.e aogregate p'ayroll costs i•Me as follovts: 2024 2023 staff costs during the yoar w•r•: Wages and salarles Social securlty costs E.niployer contributions to ￿nSIOn plans 294,184 31,249 5,864 331.297 322,256 27,835 6,331 356,422 Page 27 Surf Life Savlng Great Brltaln Notes to the Flnancial Statements for the Year Ended 31 Docember 2024 The monthly average number of persons (includlng senior management I leadership team) employed by th8 charlty during the year was as follows: 2024 No 2023 Administration and management 10 No employee received emoluments of more than £60.000 durlng the year. The key management personnel are consldered to be the Chlef Executs've Officer. The total employee benefits of the key managemenl personnel of the charity wer8 £30.098 (2023 - P56,147). 9 Truste88 remuneratlon and expenses DurlrvJ the year the charlty made the followlng transactions trustees: Travel, subsistence and accommodatioii expenses of £1,137 (2023: £ 1',674) were reimbuped to 4 (2023: 4) Irustg8S. 140 Iruolees, nor any p8r$￿)8 C£>niiected with the.m, have r8cefved any remL'nerAllon fmm tlie diaribj duriri9 lle eurrent or previous year. The arrjount of experises waSve(L hy the trustees during tho year totalled £NII {2023 - £Nil). 10 Intangiblo fixed a850ts Other intanglble Total Cost At 1 Janliary 2024 20,000 20.000 At 31 ￿e￿rntser 2024 20,000 o,ooo AmortirAtlon At 1 .lanuary 2024 20,000 ' 20,000 2a,000 A+ 31 December.2024 20,000 Net book valua At 31 fJ8cÈmber 2024 At 31 Dacerntse.r 2023 PAge 28 Surf Life Saving Great Brltaln Not88 to the Financlal Statsmonts for the Year Ended 31 Decefflbor 2024 11 Tanglble fixed assets Fumtturo and equlpment Land and bulldlngs Motor v•hlclo8 Total Cost At l J8nuary 2024 Additbns 4.738 75,530 1,296 6,481 86.749 1,296 At 3.1 December 2024 4,738 76,826 6,481 88,045 Depreclatlon At 1 January 2024 Charge for the ye8r At 31 Dec￿mber 2024 4,738 49,113 7,036 6,481 60.332 7,036 4,738 56,149 8,481 67,368 et book v31ue At 3 1 Docemb9r 2L124 20.677 20.677 At 31 Decemt)er 2023 26,417 26.417 Included within plant and machlnery are boats and englnes wlth a total c05t of £35,448 (2023: £15.4481, depreclatlon brought forward of f.18,688 (2023: £15,142) and a depreciatlon charge of £3,54G 12023.. £3,546). Page 29 Surf Llfe Saving Grnat Brftaln Notes to the Flnanclal 8tatsm•nts for the Year Ended 31 Decombor 2024 12 Flxed a88et Investments 2024 2023 Sh8res In group undertakings and partlclpating Interests Shares In group undertaklngs and partlclpatlng Intorests 8ubsldlary undartaklngs Total Cost At 1 January 2024 At 31 December 2024 N•t book valu• At 31 December 2024 Al 31 December 2023 The charitable company h'as one wholly owned subsidiary, SLSGB Tralning Ltd, Incorporated in the LJK. The company was dormant durlng the ￿r. The tharrtable company owns 100% of the ordinary share ¢xpital of the comp8ny. The net Ilabllltles of the dormant company total £75512023: £756). Page 30 Surf Llfe Saving Great Britain Notes to the Flnanclal Statements for the Year Ended 31 December 2024 13 Debtors 2024 2023 Trade debtors Prepayments Qlher debtors 33,49& 19,668 9.642 1,276 16,631 4,573 22.480 62.808 14 Cash and cash equlv31•nts 2024 2023 Cash on hand Cash at bank Shorl-lerrr, deposits 962 57.241 191,026 962 40,588 182.840 249,229 224,390 . Creditors: amounts famliig due wlthln one year 2024 2023 Trade crediiors Other t2xation and social securitrj Othe,r c.reditors Accruals 9,477 5,963 5,544 82,623 103,607 3,594 34.125 4,400 42,119 16 obli9atlons under lea¥¢¥ and hiro pur¢hase contracts OperatTrryg lease commltments Total future mlilrp.um lease psyments under non-c4ncellable operatlng leases are as follows: 2Q24 2023 Land and bulldlngs Wilhin ono year Behiieep, one arnl five years .13,870 77.439 14,009 34.877 48,886 91.309 Page 31 Surf LAfo 8avlng Great Brltaln Notes to the Flnancial statements for the Year Ended 31 December.2024 17 PenJlon and other schemes The amount. recognlsed In Income or expendllure 88 an expense in relatlon to defined contrlbution plans i¥as F￿,884 (2023: £6,331). 18 Funds Balance at 1 January 2024 Balance at .31 December 2024 Incomo Expondlturg Unrestrlct•d funds Genernl General funds 231,189 707,891 (714,746) 224.314 Doslgnaeed GBR One Taam 4,794 4,794 Total lunds 231,169 712.685 (714.746 ?29,108 Balance at 1 January 2023 Balance at 31 December 2023 InGome Expenditure lJnr•strlcted funds General General funds 252,901 615.122 (638,854) 231,169 R￿trf¢ted Charitles Ald Foup,datlon Isher Charitable Foundation 13,446 10,000 (13,446) 10,000 Total restrlGtod funds 23,446 23,446 Total funds 252.901 638,568 660.300 231,169 Tb£ restric￿￿ fund8 are to be used as follows: Chaii tles Ald Foundatlon - Flood'rescue tralnlng Fisher. Cloritable,foundalion - Vnlunteer beach Ilfeguard patrol projeGt Page 32 Surf Llfo Saving Great Brltaln Notos to the Financlal Statements for the Y8ar Ended 31 December 2024 19 Analysls of net a88•ts b•tWo•n funds Total funds at31 December 2024 UnrestrlGtsd funds General Tangible fixed assets Fixed asset investrn8nts Current assets Current Ilabllltl8S 20,677 20,677 312,037 103.607 312.037 (103.607) 229.108 Total net assets 229,108 Total fund8 at31 Dqc•rnber 2023 Unrostrl¢t¢d funds General Tangible fixed assets Fixed asset investments Current assets Current liabilities 26,417 26.417 246,870 (42,1191 231,169 246,870 42.119 Total net assots 231,.169 20 Analys1$ of changes In net debt At31 December 2024 At 1 January 2024 Cash flows Cash at benk and in hand 224,390 24,839 249.229 Totsl 224,390 24,839 249,229 At31 DeGembér 2023 At 1 January 2023 Cash flows Cash at bank 2nd In hand 249.689 (25.299) (25,299) 224.390 Total 249,689 224,390 Page 33 Surf Life savlng Gr•at Brftaln Notes to the Flnanclal Statements for th• Yur Ended 31 D•c•mb•r 2024 21 R•latod party transactlons During tha the charity mado the followlng related party transactlons: SLSG8 Tralnlng Llmlt (Subsldlary) At ts balance 8heet date the amount due tolfr(xn SLSGB Trolnlng Llmltad wa6 £NII (2023 - £NII). DuriNJ the year, a debt totalllng £7.538 due to Surf Llfe S8vln& Greal Brltaln from SLSGB Tr81nlng Limited was written off due to the fact that SLSGB Tralning Llrnlted Is no longer tradlng. Page 34