REGISTERED CHARITY NUMBER: 1035924
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 (resigned 18/11/2021) F Jacobs Secretary E Tredinnick Chairwoman (appointed 18/11/2021) B Jacobs Vice-chair (appointed 18/11/2021)
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 2022 and signed on its behalf by:
E Tredinnick - 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 2021.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 2022
Page 2
HAYLE SURF LIFE SAVING CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 3,126 Other trading activities 3 33,461 Investment income 4 1 Total 36,588 EXPENDITURE ON Raising funds 21,840 Charitable activities General fund raising actvities 6,864 Total 28,704 NET INCOME 7,884 RECONCILIATION OF FUNDS Total funds brought forward 623,058 TOTAL FUNDS CARRIED FORWARD 630,942 |
Restricted funds £ - - - - - - - - 20,001 20,001 |
2021 Total funds £ 3,126 33,461 1 36,588 21,840 6,864 28,704 7,884 643,059 650,943 |
2020 Total funds £ 7,576 20,007 4 |
|---|---|---|---|
| 27,587 | |||
| 15,329 6,281 |
|||
| 21,610 | |||
| 5,977 637,082 |
|||
| 643,059 |
The notes form part of these financial statements
Page 3
HAYLE SURF LIFE SAVING CLUB
BALANCE SHEET 31 DECEMBER 2021
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 583,194 2,450 45,298 47,748 47,748 630,942 630,942 |
Restricted funds £ 20,001 - - - - 20,001 20,001 |
2021 Total funds £ 603,195 2,450 45,298 47,748 47,748 650,943 650,943 630,942 20,001 650,943 |
2020 Total funds £ 603,454 2,450 37,155 |
|---|---|---|---|---|
| 39,605 | ||||
| 39,605 | ||||
| 643,059 | ||||
| 643,059 | ||||
| 623,058 20,001 |
||||
| 643,059 |
The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2022 and were signed on its behalf by:
E Tredinnick - 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 2021
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
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Donations | 3,126 | 4,193 |
| Grants | - | 3,383 |
| 3,126 | 7,576 |
Page 5
continued...
HAYLE SURF LIFE SAVING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
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 Competition fees Sundry income 4. INVESTMENT INCOME Deposit account interest |
2021 £ - - - 2021 £ 7,653 9,315 10,812 - 5,587 44 50 33,461 2021 £ 1 |
2020 £ 3,133 250 3,383 2020 £ 7 8,530 7,472 794 2,689 415 100 |
|---|---|---|
| 20,007 | ||
| 2020 £ 4 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,576 Other trading activities 20,007 Investment income 4 Total 27,587 EXPENDITURE ON Raising funds 15,329 |
Restricted funds £ - - - - - |
Total funds £ 7,576 20,007 4 |
|---|---|---|
| 27,587 | ||
| 15,329 |
Page 6
continued...
HAYLE SURF LIFE SAVING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ Charitable activities General fund raising actvities 6,281 - Total 21,610 - NET INCOME 5,977 - RECONCILIATION OF FUNDS Total funds brought forward 617,081 20,001 TOTAL FUNDS CARRIED FORWARD 623,058 20,001 7. TANGIBLE FIXED ASSETS Long Plant and leasehold machinery £ £ COST At 1 January 2021 and 31 December 2021 492,315 111,747 DEPRECIATION At 1 January 2021 - 608 Charge for year - 259 At 31 December 2021 - 867 NET BOOK VALUE At 31 December 2021 492,315 110,880 At 31 December 2020 492,315 111,139 8. STOCKS 2021 £ Stocks 2,450 |
Total funds £ 6,281 21,610 5,977 637,082 643,059 Totals £ 604,062 608 259 867 603,195 603,454 2020 £ 2,450 |
Total funds £ 6,281 |
|---|---|---|
| 21,610 | ||
| 5,977 637,082 |
||
| 643,059 |
continued...
Page 7
HAYLE SURF LIFE SAVING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. 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 follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Co-op Sportsbid Esc Lottery TOTAL FUNDS |
At 1/1/21 £ 623,058 1,489 8,712 9,800 20,001 643,059 Incoming resources £ 36,588 36,588 At 1/1/20 £ 617,081 1,489 8,712 9,800 20,001 637,082 |
Net movement At in funds 31/12/21 £ £ 7,884 630,942 - 1,489 - 8,712 - 9,800 - 20,001 7,884 650,943 Resources Movement expended in funds £ £ (28,704) 7,884 (28,704) 7,884 Net movement At in funds 31/12/20 £ £ 5,977 623,058 - 1,489 - 8,712 - 9,800 - 20,001 5,977 643,059 |
|---|---|---|
continued...
Page 8
HAYLE SURF LIFE SAVING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. 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 | 27,587 | (21,610) | 5,977 |
| TOTAL FUNDS | 27,587 | (21,610) | 5,977 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Co-op Sportsbid Esc Lottery TOTAL FUNDS |
At 1/1/20 £ 617,081 1,489 8,712 9,800 20,001 637,082 |
Net movement in funds £ 13,861 - - - - 13,861 |
At 31/12/21 £ 630,942 1,489 8,712 9,800 |
|---|---|---|---|
| 20,001 | |||
| 650,943 |
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 | 64,175 | (50,314) | 13,861 |
| TOTAL FUNDS | 64,175 | (50,314) | 13,861 |
continued...
Page 9
HAYLE SURF LIFE SAVING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 10
HAYLE SURF LIFE SAVING CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,126 | 4,193 |
| Grants | - | 3,383 |
| 3,126 | 7,576 | |
| Other trading activities | ||
| Fundraising events | 7,653 | 7 |
| Membership & subscriptions | 9,315 | 8,530 |
| Swimming fees/subs | 10,812 | 7,472 |
| Course fees | - | 794 |
| Clothing & kit sales | 5,587 | 2,689 |
| Competition fees | 44 | 415 |
| Sundry income | 50 | 100 |
| 33,461 | 20,007 | |
| Investment income | ||
| Deposit account interest | 1 | 4 |
| Total incoming resources | 36,588 | 27,587 |
| EXPENDITURE | ||
| Other trading activities | ||
| Club activities cost | 4,629 | 2,491 |
| Club functions cost | 5,074 | - |
| Cost of clothing for resale | 4,648 | 4,551 |
| SLSGB subscriptions | 6,150 | 6,100 |
| Affiliation fees | 150 | 150 |
| Examination & course fees | 840 | 972 |
| Competition expenses | 349 | 1,065 |
| 21,840 | 15,329 | |
| Charitable activities | ||
| Rates and water | 213 | 464 |
| Insurance | 2,719 | 2,578 |
| Light and heat | 281 | 1,764 |
| Sundries | - | 30 |
| Building repairs | 1,972 | 670 |
| Equipment costs | 1,420 | 487 |
| 6,605 | 5,993 | |
| Support costs | ||
| Management | ||
| Plant and machinery | 259 | 288 |
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 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Total resources expended | 28,704 | 21,610 |
| Net income | 7,884 | 5,977 |
This page does not form part of the statutory financial statements
Page 12