THEA UASPORTS CROSS TRUST ANNUAL REPORT AND ACCOUNTS 30th SEPTEMBER 2025 Company Registratlon Number 3745310 Charlty Reglstration Number 1075300
THE AQUASPORTS CROSS TRUST CONTENTS Page Charity Information Report of the Trustees Independent Examiner's Report Statement of Financial Activities (incorporating a summary income & expenditure Accountl Balance Sheet Notes to the Accounts 10-14 PaEe 2
THE AQUASPORTS CROSS TRUST CHARITY INFORMATION for the year ended 30 September 2025 Directors and Trustee5 Mrs. S. AlbDn Mrs. D. Baird Ms. S. 8rooks Mr5 S. Fanner Mr. P Mason Dr. D. Randell Mrs. S. Robinson Resigned: 12 lan. 2026 Resigned.. 12 Feb. 2026 Company Registration Number 3745310 Charity Regjstratlon Number 1075300 Registered Offi 2 St. Vincent Close Crowland Peterborough PE6 OFD Bankers The Co-operative Bank l Balloon Street Manchester M604EP Page 3
THE AQUASPORTS CROSS TRUST REPORT OF THE TRUSTEES for the year ended 30, September 2025 The Trustees, who are also the Directors. present their report and the accounts of the Charity for the year ended 30, September 2D25. The accounts comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and AccoLJnting 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 IFRS 1021 (issued in Gttober 20191 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Structure. Governance and Management The Company was incorporated on 1°, April 1999 and is registered as a Company limited by guarantee number 37453101. The Company is a150 2 registered charity (number 10753001. It is governed by its Memorandum and Articles of Association. Policy and operating decisions of the Charity rest with the directors who are also thè sole trustees. They are elected in general meeting by the members where fourteen day5. notice must be given to the secretary for proposals to elect new trustees. Prospective trustees would be expected to have specific management skill and eKperience together with a keen interest in the work of the trust and COTnmitment to its Christ13n ethos. Whilst anybody can prop05e 8 new trustee for the existing mernbers to consider, appropriate individuals are generally approached when the existing trustee5 determine a need. The chair of trustees liaises with new trustee5 to explain the role and the trust's expectation of a trustee in the context of this trust and also provides guidance on sources of information settin8 Out the role of a charity trustee generally. The trustees of the Charity who served during the year under review are as Stated on p8ge 3. All trustees retire in accordance with the terms of the Memorandum of Agsociation and. if being eligible, offer themselves for re*lection at the AGM; where two of the trustees retire and are reappointed followed by the remaining trustees retiring and being reappointed. The leadership, management and planning of the annua5 camp, which is the sole activity 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 procéss that assesses the risks facing the trust and establishes procedures designed to mitigate or reduce those risk5. The management team, alongside the trustees, also ensure that all other legal and good practice proceduregare In place. This management team is led and chaired by Greg and Andrea Ainsworth and the group reports to the trustees who are represented at management meetings when it is felt appropriate. All member5 of the team, including the trustees alld the management team, participate in a voluntary capacity. The management team and their voltjnteers regularly assess the risks facing the trust. Detailed risk assessments together with action to mitigate risk are prepared annually for all signifscant activities. Additionally, the trust is fully committed to the sèfeguarding of young people and team member5 involved in its èctivities,. training and policies are reviewed and updated annually. Page4
THE AQUASPORTS CROSS TRUST REPORT OF THE TRUSTEES (continued) for the year ended 30 September 2025 Objectives and Activitles The Charity's objects are to advance the Christian faith, to provide and promote the provision of recreational and sptsrting facilitie5 for the benefit of the community and to relieve persons who are in conditlOn5 of need or hardship. Thè principal artivity of the Charify gives opportunity to individuals to learn about and develop a Christian faith,. as illustrated by practical examplè of the tearn and through biblical teaching and watersport activities. All gf the activities of the Charity are carried out wholly by volunteers. Public Benefft The charity seeks to achieve its objectives outlined above by providing spiritual and moral education for young people, raising awareness and understanding of the Christian faith, providing tuition and entouraging the attainment of skills in the various water-sport activities at the carnp and by providing financial support where necessary to applicants who are suffering financial hardship. Gifts are a150 collected and distributed to those involved in projects which are consistent with thè objectives of the trust. The trustee5 have had regard to the Charity Commission'sgeneral guidance on public benefit when reviewing Its aims and objectives and in planning future activitie5. Achle¥ements and Performance For the year under review, the Trust once again held its annual camp during August 2025, which was eight days in duration, and took place in Marlow in Buckinghamshire. The Trust continues to achieve its aims through the provision of sporting and recreational facilitie5 in order to advance the Christian faith. The camp was well supptsrted by volunteers with ojemand for the camp in 2025 being of good nurnber. The holiday was open to all in the age range thirteen to eighteen irrespettive of dènominational background including those with no church connection. The camp was deemed to have been successful by the trustee5, in that the objertives of theTrust were rnet through the wide ffinge of activities organised. Activities included spiritual 2nd 5POrting se$5ions,' the latter provided bv team members,. each sport having qualified instructors. Feedback indicated the camp was much appreciated and useful in developing the Christian faith and sporting skills of rnany who attended. The Trust, the Aqtsasports team, and the young people who attend Aquasports are incredlbly grateful to all supporters who have given so generously to the charity over the year in support of the Aquasports Holiday. rinanclal Revlew The Statement of Financial Activities on page 9 indicates a small surplus for the year. The Balance Sheet on pège 9 shows the total unrestricted funds of the charity as at 30, September 2025 were £75,101,12024- £75,7881- The trustees hold a reserve of £20.000 and believe it is sufficient to cover annual expenditure in the case where the annual camp had to be cancelled. If the reserve5 fall below this amount the trustees will seek additional giving. The free reserves shown in these accounts are £46,170 50 are above this level. PaBe 5
THE AQUASPORTS CROSS TRUST REPORT OF THE TRUSTEES (continued) for the year ended 30, September 2025 The trustees regularly asse55 the level of reserves they believe it is appropriate to retain by reference to the expense5 that have to bè borne prior to completion of the annual camp and by reference to their assessment of the capital expenditure which Is anticip2ted in the short to medium term. Significant gifts have been made in recent years to purchase certain capital items of equipment. These will be depreciated over coming years. Consequently, the trustee5 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 assessment to retain the reseryes at 30 September 2025 for these purposes. The charity operates a bursary fund to assist young people to attend where financially they otherwise would not be able to do so. Applications for financial assistance arè considered on it own merits after enquiries that are deemed appropriate are made. A number of very kind supporters give 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 fLJture years though increased giving. The trust charEes a fee for attendance at its annual camp and whilst this enables it to cover its running costs, investment in significant assets would not normally be possible. The trust is grateful to many longstanding friends and supporter5 who regularly and generously provide financial support. Future Plan5 A fLÉrther camp is being planned for 2026 and the trustee5 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 trLJStees consider the reserves to be sufficient to enable the trust to remai n financially Sound. It is also perceived that the voluntary financial giving of it5 SUPPOrters in the Christian commLJnity will be sufficient to provide adequate financial resources for the foreseeable fLJture. Gener?Ily, there is no significant dependence upon any individual or corporation and gifts come from a broad support base. Overthe financial yearthe Charity received regular gifts from è sympathetic Charity that wishes to 511PPOrt young people in attending the holiday. Their generoLJS 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 holidav. The key objective5 a5 Set out above are expected to continue to apply through()ut the coming year. Approved by the trustees on Tuesday 14th April 2026 and signed on their behalf by Dr. D. Randell Trustee Page 6
THE AQUASPORTS CROSS TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AQUASPORTS CROSS TRUST I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30th September 2025 which cornprise the statement of finantial activities, the balance Sheet and notes I to 11. Respettive responslbllltles of trustees and examiner The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation Of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. The trustees consider that an audit is not required for this year under Part 16 of the 2006 Act and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent eKamination, it 15 my responsibility to.. examine the accounts under settion 145 of the Charitie5 Art 2011 Ithe 2011 Actl.. and follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act,. Independent examlner's statement I have completed my examination, I confirm that no m8tters have come to my attention in connection with the examination giving me cause to believe that in any material respert= accounting record5 were not kept in respect of th& company reqUId by section 386 of the 2006 Act- or the accounts do not accord with those records,. or the Bccounts do not comply with the accounting requirements of se¢tion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountirTrg and reporting by charities applica ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come acr055 no other matters in connection with the examination to which attèntion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Robert Anderson FC Azets Audlt SeNlces, 3Mc Mlddlemarch Business Parll. Siskin Drive, Coventry• CV3 4FJ Page 7
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THE AQUASPORTS CROSS TRUST BALANCE SHEET as at 30, september 2025 Notes 2025 2024 FIXED ASSErs Tangible fixed assets 28.931 35,198 CURRENT ASSEfs Oebtors Cash at bank and in hand 3,368 45.115 48,483 5.126 39,877 45,003 CURRENT LIABILlES Creditors.. amounts falling due within one year 1,236 1,461 Net Current Assets 47,247 43,542 ASSErs 76,178 78,740 FUNO BALANCES Unre5trlcted Fund5 Restritted Funds 75,101 1,077 76,178 75,788 2.952 78,740 Registered number: 3745310 In approving these accounts as trustees of the charity we hereby confirm- l. For the year ended 30, September 2025 the Company was entitled to exemption from audit under Sertion 477 of the Q)mpanies Act 2006 relating to small companies. No members have required the Company to obtain an audit of its accounts for the period in question in accordance with Section 476 of the Companies Act 2006,. and 2. These accounts have been prepared in èccordance with the speci35 provisions of Part 15 of the Companies Act 2006 relating to small companies- 3. The trustees acknowledge their responsibilitie5 for complying with the requirements of Section 386 of the Companies Act 2006 with respect to keeping accounting records and for the preparation of accounts which give a true and fair view of the State of affairs of the charity as at the end of the financial yèar and of its gurplus or deficit for the year then ended in accordance with the reouirements of Section 393 and which otherwise comply with the provision5 of the Companies Act relating to accounts, so far as applicable to the charity. Approved by the tru5tee5 On Tuesday 14, April 2026 and signed on their behalf by Dr. D. Randell Director The notes I to 11. on pages 10 to 14, form an integral part of these accounts. Page 9
THE AQUASPORTS CROSS TRUST NOTES TO THE ACCOUNTS 30" September 2025 l. Accountlng Policies The principal accounting policies adopted in the preparation of the accounts are a5 follows.. al Basis of preparatlon These accounts have been prepared accordance with the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities.. Statement gf Recornwended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The charity has taken advantage of the provisions in the SORP for charitie5 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 AquBsports Cross Trust rneets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or trangaction value unless otheNiise 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 Eoing concern basis. b) Income Income includes fees and gifts receivable in relation to the summer camp run by the Trust. Income also includes donations to other organisations which pas5 through the accounts. Voluntary income is received by way of donations and gift aid and is included in full in the Statement of Financial Activitie5 when received. Provision is made for tax unclaimed at the period end. Income generally is recognised when thè charity has entitlement to the funds, any performance conditions attached ro the iricome have been met, it 15 probable that the income will be received and the amount can be rneasured reliably. Funds Restricted funds are to be used forthe specified purposes laid down by the donor. Expenditure which meets these criteria is Identified to the relevant fund. General funds are donations ènd other income received or generated for the objècts 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 a specific purpose by the trustees. dl Flxed assets Assets of a capital nature are shown a5 fixed 35sets. Depreciation of equipment is provided at various rate5 applicable to reduce book Values to estimated residual values over the us@fbl lives of the assets concerned using the double dèclining balance Tnethod over the depreciation period, Imost items are depreciated over three years). This is used to reflect the true value of a55ets. Expenditure and Srrecoverable VAT Charitable expenditure comprises all the expenditure directly relèted to the pursuance of the objects of the charity. Governance and administration includes all costs in managing the charity. Expenditure is recogni5ed in the accounts once a legal or construetive obligation arises to make a payment to a third party, it is probable that settlement will be required a nd the amount of the obligation can be measured reliably. The charitable company is not registèred for VAT and, 25 such, irrecoverable VAT is included within the expense on which it was incurred. Page 10
THE AQUASPORTS CROSS TRUST NOTES TO THE ACCOUNTS {continuedl 30, September 2025 2. Charltable Expenditure Unrestricted Resirltted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Equipment Hire Eouipment Purchases Financial costs Food General consumables Gifts Made Hire of site & site membership charges Holiday running costs Insurance linCe Fees & Sirnilar Management and administration costs Marketing Other Trading Artivies Provision of Bursaries Sports costs Storage Costs Training payments Depreciation 7,287 2,524 374 4,191 2,425 900 7,724 2.248 4.457 7,287 2,524 374 4,191 2,425 900 7,724 2,248 4,457 7,542 1,069 337 4,369 4,896 150 8,006 2,238 3.910 715 342 639 204 1,048 639 204 1,048 2,400 4,965 800 2,400 5,274 2,949 1,550 200 9,637 4,965 800 9,734 9,734 49,520 51,920 53,332 At present the annual camp is the only operational activity of the trust. All charitable expenditure in 2024 was unrestricted except for £1,769 from the bursaries fund. 3. Governance and admlnlstratlon of the Charity Unre5trlcted Fund5 General Deslgnated 2025 2025 Restrlrted Funds 2025 Total Funds 2025 Total Funds 2024 Insurance cost# Independent Examinerfs fee 276 1,236 276 1,236 258 1,182 1,512 1,512 All governance and adrninistration expenditure in 2024 was unrestricted. 4. Staff costs and related party tran5artions The charity relies upon volunteer staff and incurred no employment costs during the period. Trustees are not rernunerated and do not receive funds from the Charity other than 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) 30, September 2025 5. Tangible fixed assets Fixtures, fittings and equipment Total Cost At I" October 2024 Additions durir*g the period Disposals during the pèriod At 30 September 2025 97,491 3,467 19,4081 91,550 Accumulated depreclatlon At I" October 2024 Disposals during the period Charge for the year At 30, September 2025 62,293 19,408) 9.734 62,619 Net book value At 30, Septernber 2025 28,931 At 30" September 2024 35,198 All of the above f ixed assets comprise of equipment or storage containers/cabins utilised in carrying out the annual carllp. There were no outstsnding contracts for, or commitments to, capital expenditure at 30, September 2025. 6. Debtors 2025 2024 Gift Aid Tax Recovery Sundry debtors Prepayments 2,861 395 112 2,828 2,298 3,368 5,126 7. Creditors '. amount5 falllng due wlthin one year 2025 2024 Accruals Sundry Creditors 1,236 1,182 279 1,236 1,461 Page 12
THE AQUASPORTS CROSS TRUST NOTES TO THE ACCOUNTS (continued} 30, Sèptember 2025 8. Analy515 of Net Assets between Funds Unrestricted Restrirted Funds Funds Total Funds 2025 Fixéd setS Current Assets Current Liabilities 28.931 47,406 11.2361 28,931 48,483 11,2361 1,077 75,101 1,077 76,178 2024 Fixed Assets Current Assets CurreTrt Liabilities 35,198 42,051 11,4611 35,198 45,003 11,4611 2,952 75,788 2,952 78,740 9. Movement In Funds Balance at 111012024 Income Expenditure Transfer between fijnds Galns and Balance at L055es 3010912025 2025 Restrltted Funds Bursary Fund 2,952 525 12,400 1,077 Unrestricted Funds General Fund 75,788 151,032 78,740 50,871 53,4321 76,178 Paze 13
THE AQUASPORTS CROSS TRUST NOTES TO THE ACCOUNTS (continued) 30, September 2025 Movement In Funds Icontinved) Balance at 111012023 Income Expenditure Transfer between funds Galns and Balance at Losses 3010912024 2024 Restrirted Funds Bursary Fund 1,706 6,520 15.2741 2,952 Unrestrirted Funds General Fund 63,400 61,886 149,4981 75,788 65,106 68,406 154,7721 78,740 The bursary fund was established to provide financial assistance with the fee5 of campers and team members who have not been able to meet the expected level of fees to attend the holiday camp. Siwilarly, the rÈfugee bursary fund was set up for donations specifically marked for supporting teenagers who are themselves refugees and to give them the opportunity to experience the holiday as outlined above in the Public Benefit section of this report. 10. Charlty Actlvities Income from charity Activities comprises of the booking fees paid by the Youth that attend the holidav camp and volunteer fees Imonies considered as a benefit) paid by the tearn of volunteers. 11. Investments Income from investments prirnarily come from interest received from bank accounts. Page 14