Chairman’s Report for Financial Year 2020 Welcome everyone to our annual general meeting for 2020 This is my first year as chair, and it's been a year of learning what the chair actually does - speeches, it seems. This year has been much more of a normal year for the running of the club which I'm sure we're all thankful for! After the troubles of 2020, calling a halt to everything we would normally be doing in our beach sessions, it has taken a massive amount of organisation to get the beach sessions up and running again. All of the coaches have played their part to keep everyone safe with the introduction of bubbles following the strict guidelines enforced on us by SLSGB. Thanks has to go to Fiona for the arduous task of creating the Nipper and Sandhopper bubbles every week. In the early days of our return, it was a strange time having just five children in a bubble so, with the coach, we didn't go over the recommended 'six in a bubble' in total. It was great news when we got the go ahead to have bigger bubbles, followed by a new 'normal.' It's great to be back to it as we celebrate sixty years of Hayle Surf Life Saving Club. Well, nearly normal as we haven't been able to use the clubhouse, of course, but I have to say, the parents and members have stepped up to ensure their children arrive at their session beach ready, each week. Whilst we haven't had our usual fill of competitions across all of the sections of the club, we have managed to put on a few events of our own (twilights) which have been well received. I'm sure Nick, our Club Captain, will tell you more about this in his report. Once again, we hosted the Max Hocking Fun Day on our beach, albeit later in the calendar than usual (at least I didn't have to give up my birthday weekend of celebrating this year!). Another brilliantly organised event - with everybody pulling together to ensure the smooth running of the friendly competition style 'fun day.' This is always a great way to introduce our youngest Nippers, who can't yet compete, to the Nipper regional and national competitions. The obstacle course being the favoured event at the end, where the children have to complete the whole course before receiving their participation medal! Our annual Family Fun Day was a success. It always brings a smile to my face watching the parents 'having a go' at what their children do every week. It's a good way for the Sandhoppers and Nippers to show off their skills. Being the inclusive club we are, everybody had the chance to join in from younger siblings to grandparents. Thanks go to everybody involved in the organisation and those taking part (some were in both roles on the day). Thanks also go to the IRB crew for taking the children out for rides in the boat over the lunch break. Our annual presentation night took place, at Hayle Rugby Club, after a non-event last year. It was good to get members together again. The night was well attended by our Nippers and their parents, not so much by the Juniors and Seniors. Our family trip to Woodlands went ahead, as usual, with many families and supporters joining us for our annual camping extravaganza. It's always a great way to end the beach season before heading back to the pool, for winter training. The 60th anniversary event was a great success and was enjoyed by all. Thanks goes to Julie and Traci (and any other people who were working in the background!) who gave up their time to make the party go off with a bang! We had many comments from people saying what a great night they'd had. There is even talk of making this an annual event! The next event in the calendar for our Nippers will be the Swimming Gala, at Penzance Leisure Centre on Saturday 11th December. See - a sort of normal! We are finally back on track, and hopefully next year we'll be able to be involved in competitions in other regions once again. As far as I'm aware, there is nothing in the diary as yet but we can hope! Emma Tredinnick, Hayle Surf Life Saving Club Chairman. **REGISTERED CHARITY NUMBER: 1035924** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **HAYLE SURF LIFE SAVING CLUB** Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU **HAYLE SURF LIFE SAVING CLUB** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|10| |**Detailed Statement of Financial Activities**|11|to|12| **HAYLE SURF LIFE SAVING CLUB** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1035924 ## **Principal address** Riviere Towans Phillack Hayle Cornwall TR27 5AF ## **Trustees** Ms T Parker Treasurer T Eustace Chairman F Jacobs Secretary ## **Independent Examiner** Martin Little FCCA CTA Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU Approved by order of the board of trustees on 18 November 2021 and signed on its behalf by: T Eustace - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAYLE SURF LIFE SAVING CLUB** ## **Independent examiner's report to the trustees of Hayle Surf Life Saving Club** I report to the charity trustees on my examination of the accounts of Hayle Surf Life Saving Club (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Martin Little FCCA CTA Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU 18 November 2021 Page 2 ## **HAYLE SURF LIFE SAVING CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
7,576
Other trading activities
3
20,007
Investment income
4
4
**Total**
27,587
**EXPENDITURE ON**
Raising funds
15,329
**Charitable activities**
General fund raising actvities
6,281
**Total**
21,610
**NET INCOME**
5,977
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
617,081
**TOTAL FUNDS CARRIED FORWARD**
623,058|Restricted
funds
£
-
-
-
-
-
-
-
-
20,001
20,001|2020
Total
funds
£
7,576
20,007
4
27,587
15,329
6,281
21,610
5,977
637,082
643,059|2019
Total
funds
£
3,419
34,656
4| |---|---|---|---| ||||38,079
25,744
7,232| ||||32,976| ||||5,103
631,979| ||||637,082| The notes form part of these financial statements Page 3 ## **HAYLE SURF LIFE SAVING CLUB** ## **BALANCE SHEET 31 DECEMBER 2020** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stocks
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
583,453
2,450
37,154
39,604
1
39,605
623,058
623,058|Restricted
funds
£
20,001
-
-
-
-
-
20,001
20,001|2020
Total
funds
£
603,454
2,450
37,154
39,604
1
39,605
643,059
643,059
623,058
20,001
643,059|2019
Total
funds
£
603,742
2,450
31,723
34,173
(833)
33,340
637,082
637,082
617,081
20,001
637,082| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2021 and were signed on its behalf by: T Eustace - Trustee T Parker - Trustee The notes form part of these financial statements Page 4 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **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. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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. ## **2. DONATIONS AND LEGACIES** ||2020|2019| |---|---|---| ||£|£| |Donations|4,193|3,419| |Grants|3,383|-| ||7,576|3,419| Page 5 continued... **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: |ESC
Town Council Grant
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Membership & subscriptions
Swimming fees/subs
Course fees
Clothing & kit sales
Equipment sales
Competition fees
Sundry income
**4.**
**INVESTMENT INCOME**
Deposit account interest|2020
£
3,133
250
3,383
2020
£
7
8,530
7,472
794
2,689
-
415
100
20,007
2020
£
4|2019
£
-
-
-
2019
£
7,353
10,028
11,898
312
3,024
225
1,744
72| |---|---|---| |||34,656| |||2019
£
4| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,419
Other trading activities
34,656
Investment income
4
**Total**
38,079
**EXPENDITURE ON**
Raising funds
25,744|Restricted
funds
£
-
-
-
-
-|Total
funds
£
3,419
34,656
4| |---|---|---| |||38,079
25,744| Page 6 continued... **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**Charitable activities**
General fund raising actvities
7,232
-
**Total**
32,976
-
**NET INCOME**
5,103
-
**Transfers between funds**
2,800
(2,800)
**Net movement in funds**
7,903
(2,800)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
609,178
22,801
**TOTAL FUNDS CARRIED FORWARD**
617,081
20,001
**7.**
**TANGIBLE FIXED ASSETS**
Long
Plant and
leasehold
machinery
£
£
**COST**
At 1 January 2020 and 31 December 2020
492,315
111,747
**DEPRECIATION**
At 1 January 2020
-
320
Charge for year
-
288
At 31 December 2020
-
608
**NET BOOK VALUE**
At 31 December 2020
492,315
111,139
At 31 December 2019
492,315
111,427
**8.**
**STOCKS**
2020
£
Stocks
2,450|Total
funds
£
7,232
32,976
5,103
-
5,103
631,979
637,082
Totals
£
604,062
320
288
608
603,454
603,742
2019
£
2,450|Total
funds
£
7,232| |---|---|---| |||32,976| |||5,103
-| |||5,103
631,979| |||637,082| continued... Page 7 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
WCYT (Nipper boards)
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**|follows:

At 1/1/19
£
609,178
2,000
1,489
9,512
9,800
22,801
631,979|At 1/1/20
£
617,081
1,489
8,712
9,800
20,001
637,082
Incoming
resources
£
27,587
27,587
Net
movement
in funds
£
5,103
-
-
-
-
-
5,103|2020
2019
£
£
(1)
833
Net
movement
At
in funds
31/12/20
£
£
5,977
623,058
-
1,489
-
8,712
-
9,800
-
20,001
5,977
643,059
Resources
Movement
expended
in funds
£
£
(21,610)
5,977
(21,610)
5,977
Transfers
between
At
funds
31/12/19
£
£
2,800
617,081
(2,000)
-
-
1,489
(800)
8,712
-
9,800
(2,800)
20,001
-
637,082| |---|---|---|---| continued... Page 8 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|38,079|(32,976)|5,103| |**TOTAL FUNDS**|38,079|(32,976)|5,103| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
WCYT (Nipper boards)
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**|At 1/1/19
£
609,178
2,000
1,489
9,512
9,800
22,801
631,979|Net
movement
in funds
£
11,080
-
-
-
-
-
11,080|Transfers
between
funds
£
2,800
(2,000)
-
(800)
-
(2,800)
-|At
31/12/20
£
623,058
-
1,489
8,712
9,800| |---|---|---|---|---| |||||20,001| |||||643,059| 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|65,666|(54,586)|11,080| |**TOTAL FUNDS**|65,666|(54,586)|11,080| continued... Page 9 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 10 **HAYLE SURF LIFE SAVING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** ||2020|2019| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|4,193|3,419| |Grants|3,383|-| ||7,576|3,419| |**Other trading activities**||| |Fundraising events|7|7,353| |Membership & subscriptions|8,530|10,028| |Swimming fees/subs|7,472|11,898| |Course fees|794|312| |Clothing & kit sales|2,689|3,024| |Equipment sales|-|225| |Competition fees|415|1,744| |Sundry income|100|72| ||20,007|34,656| |**Investment income**||| |Deposit account interest|4|4| |**Total incoming resources**|27,587|38,079| |**EXPENDITURE**||| |**Other trading activities**||| |Club activities cost|2,491|7,559| |Club functions cost|-|750| |Cost of clothing for resale|4,551|3,737| |Web Hosting|-|92| |SLSGB subscriptions|6,100|6,325| |Affiliation fees|150|200| |Examination & course fees|972|807| |Competition expenses|1,065|6,274| ||15,329|25,744| |**Charitable activities**||| |Rates and water|464|235| |Insurance|2,578|2,579| |Light and heat|1,764|1,615| |Sundries|30|-| |Building repairs|670|2,483| |Equipment costs|487|-| ||5,993|6,912| |**Support costs**||| This page does not form part of the statutory financial statements Page 11 **HAYLE SURF LIFE SAVING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** ||2020|2019| |---|---|---| ||£|£| |**Support costs**||| |**Management**||| |Plant and machinery|288|320| |Total resources expended|21,610|32,976| |**Net income**|5,977|5,103| This page does not form part of the statutory financial statements Page 12 **REGISTERED CHARITY NUMBER: 1035924** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **HAYLE SURF LIFE SAVING CLUB** Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU **HAYLE SURF LIFE SAVING CLUB** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|10| |**Detailed Statement of Financial Activities**|11|to|12| **HAYLE SURF LIFE SAVING CLUB** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1035924 ## **Principal address** Riviere Towans Phillack Hayle Cornwall TR27 5AF ## **Trustees** Ms T Parker Treasurer T Eustace Chairman F Jacobs Secretary ## **Independent Examiner** Martin Little FCCA CTA Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU Approved by order of the board of trustees on 18 November 2021 and signed on its behalf by: T Eustace - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAYLE SURF LIFE SAVING CLUB** ## **Independent examiner's report to the trustees of Hayle Surf Life Saving Club** I report to the charity trustees on my examination of the accounts of Hayle Surf Life Saving Club (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Martin Little FCCA CTA Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU 18 November 2021 Page 2 ## **HAYLE SURF LIFE SAVING CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
7,576
Other trading activities
3
20,007
Investment income
4
4
**Total**
27,587
**EXPENDITURE ON**
Raising funds
15,329
**Charitable activities**
General fund raising actvities
6,281
**Total**
21,610
**NET INCOME**
5,977
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
617,081
**TOTAL FUNDS CARRIED FORWARD**
623,058|Restricted
funds
£
-
-
-
-
-
-
-
-
20,001
20,001|2020
Total
funds
£
7,576
20,007
4
27,587
15,329
6,281
21,610
5,977
637,082
643,059|2019
Total
funds
£
3,419
34,656
4| |---|---|---|---| ||||38,079
25,744
7,232| ||||32,976| ||||5,103
631,979| ||||637,082| The notes form part of these financial statements Page 3 ## **HAYLE SURF LIFE SAVING CLUB** ## **BALANCE SHEET 31 DECEMBER 2020** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stocks
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
583,453
2,450
37,154
39,604
1
39,605
623,058
623,058|Restricted
funds
£
20,001
-
-
-
-
-
20,001
20,001|2020
Total
funds
£
603,454
2,450
37,154
39,604
1
39,605
643,059
643,059
623,058
20,001
643,059|2019
Total
funds
£
603,742
2,450
31,723
34,173
(833)
33,340
637,082
637,082
617,081
20,001
637,082| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2021 and were signed on its behalf by: T Eustace - Trustee T Parker - Trustee The notes form part of these financial statements Page 4 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **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. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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. ## **2. DONATIONS AND LEGACIES** ||2020|2019| |---|---|---| ||£|£| |Donations|4,193|3,419| |Grants|3,383|-| ||7,576|3,419| Page 5 continued... **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: |ESC
Town Council Grant
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Membership & subscriptions
Swimming fees/subs
Course fees
Clothing & kit sales
Equipment sales
Competition fees
Sundry income
**4.**
**INVESTMENT INCOME**
Deposit account interest|2020
£
3,133
250
3,383
2020
£
7
8,530
7,472
794
2,689
-
415
100
20,007
2020
£
4|2019
£
-
-
-
2019
£
7,353
10,028
11,898
312
3,024
225
1,744
72| |---|---|---| |||34,656| |||2019
£
4| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,419
Other trading activities
34,656
Investment income
4
**Total**
38,079
**EXPENDITURE ON**
Raising funds
25,744|Restricted
funds
£
-
-
-
-
-|Total
funds
£
3,419
34,656
4| |---|---|---| |||38,079
25,744| Page 6 continued... **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**Charitable activities**
General fund raising actvities
7,232
-
**Total**
32,976
-
**NET INCOME**
5,103
-
**Transfers between funds**
2,800
(2,800)
**Net movement in funds**
7,903
(2,800)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
609,178
22,801
**TOTAL FUNDS CARRIED FORWARD**
617,081
20,001
**7.**
**TANGIBLE FIXED ASSETS**
Long
Plant and
leasehold
machinery
£
£
**COST**
At 1 January 2020 and 31 December 2020
492,315
111,747
**DEPRECIATION**
At 1 January 2020
-
320
Charge for year
-
288
At 31 December 2020
-
608
**NET BOOK VALUE**
At 31 December 2020
492,315
111,139
At 31 December 2019
492,315
111,427
**8.**
**STOCKS**
2020
£
Stocks
2,450|Total
funds
£
7,232
32,976
5,103
-
5,103
631,979
637,082
Totals
£
604,062
320
288
608
603,454
603,742
2019
£
2,450|Total
funds
£
7,232| |---|---|---| |||32,976| |||5,103
-| |||5,103
631,979| |||637,082| continued... Page 7 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
WCYT (Nipper boards)
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**|follows:

At 1/1/19
£
609,178
2,000
1,489
9,512
9,800
22,801
631,979|At 1/1/20
£
617,081
1,489
8,712
9,800
20,001
637,082
Incoming
resources
£
27,587
27,587
Net
movement
in funds
£
5,103
-
-
-
-
-
5,103|2020
2019
£
£
(1)
833
Net
movement
At
in funds
31/12/20
£
£
5,977
623,058
-
1,489
-
8,712
-
9,800
-
20,001
5,977
643,059
Resources
Movement
expended
in funds
£
£
(21,610)
5,977
(21,610)
5,977
Transfers
between
At
funds
31/12/19
£
£
2,800
617,081
(2,000)
-
-
1,489
(800)
8,712
-
9,800
(2,800)
20,001
-
637,082| |---|---|---|---| continued... Page 8 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|38,079|(32,976)|5,103| |**TOTAL FUNDS**|38,079|(32,976)|5,103| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
WCYT (Nipper boards)
Co-op
Sportsbid
Esc Lottery
**TOTAL FUNDS**|At 1/1/19
£
609,178
2,000
1,489
9,512
9,800
22,801
631,979|Net
movement
in funds
£
11,080
-
-
-
-
-
11,080|Transfers
between
funds
£
2,800
(2,000)
-
(800)
-
(2,800)
-|At
31/12/20
£
623,058
-
1,489
8,712
9,800| |---|---|---|---|---| |||||20,001| |||||643,059| 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|65,666|(54,586)|11,080| |**TOTAL FUNDS**|65,666|(54,586)|11,080| continued... Page 9 **HAYLE SURF LIFE SAVING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 10 **HAYLE SURF LIFE SAVING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** ||2020|2019| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|4,193|3,419| |Grants|3,383|-| ||7,576|3,419| |**Other trading activities**||| |Fundraising events|7|7,353| |Membership & subscriptions|8,530|10,028| |Swimming fees/subs|7,472|11,898| |Course fees|794|312| |Clothing & kit sales|2,689|3,024| |Equipment sales|-|225| |Competition fees|415|1,744| |Sundry income|100|72| ||20,007|34,656| |**Investment income**||| |Deposit account interest|4|4| |**Total incoming resources**|27,587|38,079| |**EXPENDITURE**||| |**Other trading activities**||| |Club activities cost|2,491|7,559| |Club functions cost|-|750| |Cost of clothing for resale|4,551|3,737| |Web Hosting|-|92| |SLSGB subscriptions|6,100|6,325| |Affiliation fees|150|200| |Examination & course fees|972|807| |Competition expenses|1,065|6,274| ||15,329|25,744| |**Charitable activities**||| |Rates and water|464|235| |Insurance|2,578|2,579| |Light and heat|1,764|1,615| |Sundries|30|-| |Building repairs|670|2,483| |Equipment costs|487|-| ||5,993|6,912| |**Support costs**||| This page does not form part of the statutory financial statements Page 11 **HAYLE SURF LIFE SAVING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** ||2020|2019| |---|---|---| ||£|£| |**Support costs**||| |**Management**||| |Plant and machinery|288|320| |Total resources expended|21,610|32,976| |**Net income**|5,977|5,103| This page does not form part of the statutory financial statements Page 12