THEA
UASPORTS CROSS TRUST
ANNUAL REPORT AND ACCOUNTS
30thsEPTEMBER 2024
Company Registratlon Number
3745310
Charlty Registration Number
1075300

THE AQUASPORTS CROSS TRUST
coKrENTS
Page
Charity Information
Report of the Trustees
4-6
Independent Examlner's Report
Statement of Financial Actlvities (Incorporating a summary income &
expenditure Account)
Balance Sheet
Notes to the Accounts
10-14
Page 2

THE AQUASPORTS CROSS TRUST
CHARITY INFORMATION
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for the year ended 30 September 2024
Dlrectors and Trustees
Mrs. S. Albon
Mrs. D. Baird
Ms. S. Brooks
Mr. P Mason
Dr. D. Randell
Mrs. S. Robinson
Mrs S. Fanner
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Appointed 8 January 2024
Secretary
Mr. P. Mason
Resigned 28 March 2025
Company Reglstratlon Number
3745310
Charlty Re8lstratlon Number
1075300
Reglstered Offlce
225 Coneygree Road,
Peterborough, PE2 8U
Bankers
The Co-operative Bank
l Balloon Street
Manchester
M60 4EP
Pa8e 3

THE AQUASPORTS CROSS TRUST
REPORT OF THE TRUSTEES
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for the year ended 30 September 2024
The Trustees, who are also the Directors, present their report and the accounts of the Charity for the year
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ended 30 September 2024.
The accounts complywith the Charities Art 2011, the Companies Act 2006, the Memorandum and Articles of
Association and Accountlng and Reporting by Charities: Ststement 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) {issued in October 2019) and the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102).
Structure. Govefflan￿ and Mana8ement
The Company was incorporated on I" Aprll 1999 and is regtstered as a Company Ilmited by guarantee
(number 3745310). The Company is also a registered charity (number 1075300>, It Is governed by its
Memorandum and Articles of Association.
Pollcy and operating decislons of the Charity rest with the directors who are also the sole trustees. They are
elected in general meeting by the members where fourteen days, notice must be given to the secretsry for
proposals to elect new trustees. Prospective trustee5 would be expected to have specific management skill
and experlence together with i keen interest in the work of the trust and commitment to its Christlan ethos.
Whilst anybody can propose a new trustee for the existing members to consider, appropriate individuals are
generally approached when the exlsting trustees determine a need. The chair of trustees liaises with new
trustees to explain the role and the trust's expectstion of a trustee in the context of this trust and also
provides guldance on sources of information Setting out the role of a charity trustee generallv,
The trustees of the Charity who served during the year under review are as stated on page 3. All trustees
retlre In accordance with the terms of the Memorandum of Associatlon and, if being ellglble, offerthemselves
for re-election at the AGM. where two of the trustees retlre and are reappolnted followed by the remaining
trustees retiring and being reappolnted,
The leadership, management and planning of the annual camp, which is the sole actlvity of the trust, is
delegated to an executive management team which also draws in the instructors of each sporting activity
together with other key team members as required. This group also oversees the risk review process that
assesses the risks facing the trust and establishes procedures designed to mltigate or reduce those rlsk5. The
management team, alongside the trustees, also ensure that all other legal and good prartice procedures are
in place. Thls management team is led and chaired by Greg and Andrea Alnsworth and the group reports to
the trustees who are represented at management meetings when it is felt appropriate. All members of the
team, including the trustees and the management team• particlpate in a voluntary capacity.
The management team and their volunteers regularly assess the risks faclng the trust. Detailed rlsk
assessments together with action to mitlgate risk are prepared annually for all significant activities.
Addltlonally, the trust is fully commltted tothe safeguarding of young people and team member5 involved In
its activities. training and policies are reviewed and updated annually.
Page 4

THE AQUASPORTS CROSS TRUST
REPORT OF THE TRUSTEES (contlnued)
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for the year ended 30 September 2024
Objectlves and Attlvltles
The Charity's objects are to advance the Christian faith, to provide and promote the provision of recreational
and sporting facilities for the benefit of the community and to relieve persons who are in conditions of need
or hardship. The principal activity of the Charity gives opportunity to individuals to learn about and develop
a Christian faith; as illustrated by practical example of the team and through biblical teaching and water sport
activities. All of the activitie5 of the Charity are carried out wholly by volunteers.
Publlc 8eneflt
The charity seeks to achieve its objectives outlined above by provldlng spiritual and moral educatlon for
young people, raising awareness and understsnding of the Christian faith, providing tuition and encouraging
the attalnment of skills In the various water-sport activities at the camp and by providing financlal support
where necessary to applicants who are SLrffering financial hardship.
Gifts are also collected and dlstrlbuted to those Involved In projects whlch are consistent wlth the objectives
of the trusL
The trustees have had regard to the Charity Commlssion's general guidance on publlc benefitwhen reviewing
its aims and objective5 and in planning future actlvities.
Athlevements and Performance
For the year under review, the Trust once agaln held its annual camp during August 2024, whlch was eight
days in duration, and took place in Marlow in Buckinghamshire. The Trust continues to achieve its alms
through the provislon of sporting and recreational facilities In order to advance the Christian faith.
The camp was well supported by volunteers wlth demand for the camp in 2024 being of g¢)od number. The
holiday was open to all in the age range thirteen to eighteen Irrespective of denomlnational background
Including those with no church connection. The camp was deemed to have been successful by the trustees,
in that the objectives of theTrust were met through thewide range of activities organised. Activities included
spiritual and sporting sesslons,. the latter provlded by team members. each sport having qualified instructors.
Feedback indicated the camp was much appreciated and useful in developlng the Christian faith and sporting
skills of many who attended.
The Trust, the Aquasports team, and the young people who attend Aquasports are Incredlbly 8rateful to all
supporters who have glven so generously to the charity over the year in support of the Aquasports Holiday.
Flnanclal Revlew
The Statement of Financial Activltles on page 9 indicates a small surplus for the year.
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The Balance Sheet on page 10 shows the totsl unrestricted funds of the charity as at 30 September 2024
were £75,788, {2023: £63,400).
The trustees hold a reserve of £17,000 and believe it is sufficient to cover annual expenditure in the case
where the annual camp had to be cancelled. If the reserves fall below this amount the trustees will seek
additional giving. The free reserves shown In these accounts are £40,590, 50 are above this level.
Page 5

THE AQUASPORTS CROSS TRUST
REPORT OF THE TRUSTEES (continued)
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for the year ended 30 September 2024
The trustees regularly assess the level of reserves they believe It is appropriate to retain by reference to the
expenses that have to be borne prior to completlon of the annual camp and by reference to their assessment
of the capital expenditure which Is anticipated in the shortto medium term. Significant gifts have been made
in recent years to purchase certain capitsl Items of equipment. These will be depreciated over coming years.
Consequently, the trustees consider that this new level of reserves approximate to the funds required for
operational and depreciation purposes and consequently believe it is appropriate in the light of this
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assessment to retain the reserves at 30 September 2024 for these purposes.
The Charityoperates a bursaryfund to assist young people to attend where financlally they otherwise would
not be able to do so. Applications for financial assistance are considered on it own merlts after enquiries that
are deemed appropriate are made. A number of very kind supporters glve regularly to this fund and the
Trustees are grateful to them for their support. The Trustees noted a higher request for bursaries than for
previous years and have sort to meet this need for future years though increased giving.
The trust charges a fee for attendance at its annual camp and whllst thls enables It to cover its runnlng costs,
investment in significant assets would not nomially be possible. The trust Is grateful to many longstanding
friends and 5UPPOrters who regularly and generously provide financlal support.
Future Plans
A further camp Is being planned for 2025 and the trustees anticipate that there will be sufficient interest to
generate income to cover expenses in the coming year and also permit the purchase of any essential new
equipment. If there is a shortfall, the trustees consider the reserves to be sufficient to enable the trust to
remain financially sound. It is also perceived that the voluntary financial glvlng of its supporters in the
Chrlstian community will be sufficient to provide adequate financial resources for the foreseeable future.
Generally, there is no significant dependence upon any individual or corporation and gifts come from a broad
support base. Over the financial yearthe Charity received regular gifts from a sympathetic Charitythatwishes
to SUPPOrt young people in attending the holiday. Their generous gifts have directly helped to bring the cost
of the holiday down to help more young people attend by helping to cover some of the costs of the hollday.
The key objectives as set out above are expected to continue to apply throughout the coming year.
Approved by the trustees on Tuesday 13th May 2025 and signed on their behalf by
Dr. D. Randell
Trustee
Page 6

THE AQUASPORTS CROSS TRUST
INDEPENDENT EXAMINER'S REPORTTO THE TRusfEES OF THE AQUASPORTS CROSS TRusr
I report to the charity trustees on my examinatlon of the accounts of the charitable company for the year
ended 30th September 2024 which comprise the ststement of financial activities, the balance sheet and
notes I to 11.
Re5pectlve responslbllltles of trustees and examlner
The trustees (who are also the dlrectors of the company for the purposes of company law) are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the
2006 ACV). The trustees consider that an audit is not required for this year under Part 16 of the 2006Act and
that an independent examination is needed.
Having satisfied myself that the charlty is not subject to an audit under company law and is eligible for
Independent examination, it is my responsibility to:
examine the accounts under section 145 of the Charities Act 2011 (the 2011 Act); and
follow the procedures lald down in the general Dlrections given by the Charity Commission under
section 145{5)Ib) of the 2011 Act;
Independent examlner's statement
I have Completed my examinatlon, I confirm that no matters have come to my attentlon in connectlon with
the examlnation giving me cause to believe that in any materlal respect:
accounting records were not kept in respectof the company required by section 386 of the 2006 Act.
or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requlrements of section 396 of the 2006 Act other
than any requlrement that the accounts give a 'true and fair vlew, whlch Is not a matter considered
as part of an independent examination; or
4. the accounts have not been prepared In accordance wlth the methods and princlples of the
ststementof Recommended Practlce foraccounting and reporting bycharities applicableto charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connection with the examination to whlch
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Robert Anderson FC
Azets Audlt Servlces,
3Mc Middlemarch Buslness Par
Slskln Drlve.
Coventry.
CV3 4FJ
Page 7

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THE AQUASPORTS CROSS TRUST
BALANCE SHEET
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as at 30 September 2024
Notes
2024
2023
FIXED ASSErs
Tangible fixed assets
35,198
44,835
CURREiirr ASSETS
Debtors
Cash at bank and in hand
5,126
39,877
45,003
4,805
17,130
21,935
CURRENT UABIUTIES
Creditors: amounts falling due withln one year
1,461
1,664
Net Current Assets
43,542
20,271
NET ASSETS
78,740
65,106
FUND BALANCES
Unrestrlrted Funds
Restrlcted Funds
75,788
2,952
78,740
63,4￿)
1,706
65,106
Re8lstered number: 3745310
In approving these accounts as trustees of the charity we hereby confirm:
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l. For the year ended 30 September 2024 the Company was entitled to exernption from audit under
Sectlon 477 of the Companles Act 2006 relating to small companies. No members have required the
Company to obtain an audit of its accounts for the period in questlon In accordance with Section 476 of
the Companies Act 2006. and
2. These accounts have been prepared in accordance wlth the speclal provlslons of Part 15 of the
Companles Act 2006 relating to small companies.
3. The trustees acknowledge their responsibilities for complylng with the requirements of Section 386 of
the Companies Act 2006 wlth respect to keeplng accounting records and for the preparation of accounts
which give a true and fairview of the state of affairs of the charity as atthe end of the financial year and
of its surplus or deficit for the year then ended in accordance with the requirements of Section 393 and
which otherwise wmply with the provisions of the Companies Act relating to accounts, so far as
applicable to the charity.
Approved by the trustees on Tuesday 13th May 2025 and signed on their behalf by
Dr. D. Randell
Director
The notes I to 11, on pages 9 to 14, forrn an intsgral part of these accounts.
Page 9

THE AQUASPORTS CROSS TRUST
NOTESTO THE ACCOUNTS
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30 September 2024
L Accountlng Pollcles
The principal accounting policies adopted in the preparation of the account5 are as follows:
a) Basls of preparatlon
These accounts have been prepared in accordance with the Companies Act 2006 and follow the
recommendations in 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 UKand Republlc of Ireland IFRS 102) (issued in October 2019> and the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS 102).
The charity has taken advantage of the provlslons in the SORP for charities not to prepare a Statement of
Cashflows and the financial statements are prepared in sterling and monetary amounts In the financial
statements are rounded to the nearest £.
The Aquasports Cross Trust meets the definition of a publlc benefit entity under FRS 102. Assets and
liabilitles are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy note. The Trustees are of the view that the charity has no going concern issues
and have therefore prepared these accounts on the going concern basis.
b) Income
Income includes fees and gifts receivable in relation to the summer carnp run by the Trust. Income also
includes donations to other organisations which pass through the accounts. Voluntary income is received
byway of donations and gift aid and is included in full in the Ststement of Financial Activities when received.
Provision is made for tax unclalmed at the perlod end.
Income generally is recognised when the charity has entitlement to the funds, any performance conditions
attached to the income have been met, it is probable that the income will be received and the amount can
be measured reliably,
Funds
Restricted funds are to be used forthe specified purposes laid down bythe donor. Expenditurewhich meets
these criterla is identified to the relevant fund. General funds are donations and other income received or
generated for the objects of the charity without further specified purpose and are available as general
funds. Designated funds are unrestricted funds which have been allocated for future expenditure for
specffic purpose by the trustees.
d)
Hxed assets
Assets of a capital nature are shown as fixed assets. Depreciation of equipment is provided at various rates
applicable to reduce book values to estimated residual values over the useful lives of the assets concerned
using the decllning balance method, (most items are depreclated over three years).
e) Expendlture and Irrecoverable VAT
Charltable expenditure comprises all the expendlture directly related to the pursuance of the objects of the
charity. Governance and administration includes all costs in managing the charity.
Expendlture is recognised in the accounts once a legal or constructive obligation arises to make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. The charitable company is not registered for VAT and, as such, irrecoverable VAT is
included within the expense on which it was incurred.
Page 10

THE AQUASPORTS CROSS TRUST
NOTES TO THE ACCOUNTS (continued)
30, September 2024
2. Charitable Expendlture
Unrestricted Funds
General Deslgnated
2024
2024
Restrlcted
Fuftds
2024
Total
Funds
2024
Total
Funds
2023
Equipment Hire
Financlal costs
Food
General consumables
Gifts Made
Hire of site & site membership charges
Holiday runnlng costs
Insurance
Licence Fees & Similar
Management and administration costs
Marketing
Provision of Bursaries
Slte Equipment
Sports costs
Storage Costs
Tralning payments
Depreclation
Cabin Project (see breakdown) '
7,542
337
4,369
4,896
150
8,006
2,238
3,910
715
342
148
7.542
337
4,369
4,896
150
8,006
2,238
3,910
715
342
148
5,274
1,069
2,949
1,550
200
9,637
7,309
389
5,380
2,596
7,591
2,381
4,535
384
120
1,932
5,274
1,069
2,949
1,550
200
9,637
3,184
750
13,723
48,058
53,332
At present the annual camp is the only operational activity of the trust. All charitsble expenditure in 2023
was unrestrlcted except for £1,769 from the bursarles fund.
3. Governance and adrnln15tratlon of
the Charlty
Unrestrlcted Funds
General Deslgnated
2024
2024
Restrlcted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Insurance costs
Independent Examiner's fee
258
1,182
258
1.182
265
1,128
1,440
All governance and administration expenditure in 2023 was unrestricted.
Stsff costs and related party transattions
The charlty relies upon volunteer staff and incurred no employment costs during the period.
Trustees are not remunerated and do not recelve funds from the Charity otherthan as reimbursement
for expenditure wholly and necessarily expended on behalf of the charity.
There were no related party transactions in the year.
Page 11

THE AQUASPORTS CROSS TRUST
NOTES TO THE ACCOUNTS (continued)
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30 September 2024
5. Tanglble fixed assets
Fixtures, fittlngs and equipment
Total
At I" October 2023
Additions during the period
Disposals during the period
At 3tt' September 2024
97,561
(70)
97,491
Accumulated depredatlon
At I. October 2023
Disposals during the period
Charge for the year
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At 30 September 2024
52,726
(70)
9,637
62,293
Net book value
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At 30 September 2024
35,198
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At 30 September 2023
44,835
All of the above fixed assets comprise of equipment or storage containers/cabins utllised in Carrying out
the annual camp. There were no outstanding ¢ontracts for, or commitments to, capitsl expendlture at
30th September 2024.
6. Debtors
2024
2023
Gift Aid Tax Recovery
Sundry debtors
Prepayments
2,828
2,593
2,298
2,212
5,126
4,805
7. Credltors . amounts falllng due wlthln one year
2024
2023
Accrua15
Sundry Creditors
1,182
279
1,128
536
1,461
1,664
Page 12

THE AQUASPORTS CROSS TRUST
NOTES TO THE ACCOUNTS (continued)
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30 September 2024
& Aftalysls of Net Assets between Funds
Unrestricted Funds
General Deslgnated
Restrlrted
Funds
Total
Funds
2024
Fixed Assets
Current Assets
Current Liabilities
35,198
42,051
1,461
35,198
45.003
2,952
75,788
2023
Fixed Assets
Current Assets
Current Liabilrtles
44,835
20,229
44,835
21,935
1,706
63,400
1,706
9. Movement In Funds
Balance at
111012023
Income
Expendlture Transfer
between
funds
Galns and Balance at
Losses
3010912024
2024
Restrlcted Funds
Bursary Fund
Cabin Replacement
Fund
Donations
1,706
6,520
(5.274)
2,952
1,706
6,520
(5,274)
2,952
Unrestrlcted Funds
General Fund
Cabin Replacement
Fund
63,400
61,886
(49,498)
75,788
63,400
61,886
{49,498)
75,788
65,106
68,406
154,772)
Page 13

THE AQUASPORTS CROSS TRUST
NOTES TO THE ACCOUNTS (continued)
3trh September 2024
Movement In Funds
(contlnued)
Balance at
yIO12022
Income
ExpendItU￿ Transfer
between
funds
Galns and Balance at
Losses
3010912023
2023
Restrlrted Funds
Bursary Fund
Cabin Replacement
Fund
Donations
1,469
10,189
673
22,875
{1,769)
1,333
{33,064)
1,706
1,333
24,881
11,333)
33,064)
11,658
{1,769
1,706
Unrestrlcted Funds
General Fund
Cabin Replacement
Fund
20,216
31,996
37,216
12,888
(71,980)
77,948
{44,884)
63,400
52,212
50,104
71,980
33,064
63,400
63,870
74,985
(73,749}
65,106
The bursary fund was estsbllshed to provide flnancial assistance wlth the fees of campers and team
members who have not been ableto meetthe expected level of fees to attend the holiday camp. Similarly,
the refugee bursary fund was set up for donatlons specifically marked for supporting teenagers who are
themselves refugees and to give thern the opportunlty to experience the holiday as outlined above In the
Public Benefit section of this report.
The cabln replacement fund has been estsbllshed for the prlncipal purpose of fundralslng to replace the
toilet, shower and storage facllitles that the charity uses. As outlined in the report, the Trust undertook
the replacement of the cabins in the Summer of 2023. Restrlcted and Designated funds set aside for the
project are now considered spent and are seen as fund transfers in the above. Some of the purchased
items have been considered as unrestricted fixed assets and as such have been recognised in the accounts.
The Donation fund comprises of a collection tsken at camp and is essentlally a pass-through of glfts. This
year the young people who attend camp declded that they vrdnted the collection to be given to the
Bursary fund to support others In coming to camp. This is recognised in the accounts.
10. Charlty Actlvltles
Income from Charity Activities tomprises of the booklng fees paid by the Youth that attend the holiday
camp and volunteer fees (monies consldered as a benefit) paid by the team of volunteers.
IL Investments
Income from investments primarily come from interest received from bank accounts.
Pw14