Charity registration number 1112308
EXETER CITY SWIMMING CLUB
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

EXETER CITY SWIMMING CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrLJoy
Ms K Vain
Mrs C Board
(Appointed 20 December
20221
(Appointed 20 December
20221
(Appointed 23 February
20231
(Appointed 1 May 20241
Mr T Biddick
Mr J Walters
Mr J Clemenls
Charity number
1112308
Principal address
3 Glebelands
Exminster
EX6 8AR
Independent examiner
Darnells Chartered Accounlanls
30 Fore Street
Totnes
Devon
TQ9 5RP

EXETER CITY SWIMMING CLUB
CONTENTS
Page
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes lo the financial slalements
6-13

EXETER CITY SWIMMING CLUB
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees present their annual report and financial statements for the year ended 30 September 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to tke accounts
and comply with the charity's governing document, the Charities Act 2011 and 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 IFRS 1021" leffective 1
January 20191.
Oblectlves and actlvltles
The charity's objects are to provide opportunities lo swim and through regular training and competition for
swimmers lo achieve their personal goals and enjoyment.
The Iruslees have paid due regard to guidance issued by The Charity Commission in deciding what activities the
charity should undertake.
Achievement5 and performance
During the year. Exeter City Swimming Club continued lo provide high-qualily teaching, coaching and training
facilities for swimmers of all ages and abilities. We are proud of the achievements of our members in both
regional and national competitions. reflecting the dedication and hard work of our coaches and volunteers. Our
Club is dedicated lo achievement.
Looking ahead the Club is committed lo further improving its coaching programmes enhancing facilities and
expanding participation opportunities for members of the local community. We will continue lo work closely with
stakeholders, including local authorities and funding bodies, lo achieve our objectives.
Flnanclal rovl&w
There was a surplus of income over expenditure for the year of £20,33412022'. £19,987).
The surplus for the year was mainly due lo a focus on efficiency of expenditure, together with a small increase in
membership fees, both supported by successful fundraising aclivilies. The surplus has been reinvest￿1 in the
Club to enhance coaching programmes, upgrade equipment and maintsin facilities.
It is the policy of the charity that unrestricted funds which have not been designated for a specrfic use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additlDnal funds may be raised. Al the
end of the year, the Club's unrestricted reserves stood at £61,798 12022.. £42,080), which is in line with our
reserves policy. Total reserves stood at £62,4141£42,0801.
Structur8, governance and managemont
The charity is an unincorporated charity established by constitution as adopted 25 July 2005 and amended 6
August 2007, 14 April 2022 and 3 December 2022.
The trustees who served during the year were..
MrLJoy
Ms K Vain
Mrs C Board
Mr T Biddick
Mr J Walters
Mr C Trudgeon
(Appointed 20 December 20221
IAppDinted 20 December 20221
(Appointed 23 February 20231
(Appointed 23 February 2023 and resigned 31 December
20231
(Appointed 1 May 20241
Mr J Clements

EXETER CITY SWIMMING CLUB
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees are appointed by approval of the members.
The trustees are responsible for the overall governance and strategic direction of the Club. The trustees regularfy
meet lo review performance, monitor finances and ensure compliance with legal and regulatory requirements.
We are grateful lo all volunteers who contribute their time and expertise lo support the Club's aclivilies.
Al the AGM held in December 2023, the members of the Club voted lo restructure the Charity lo the form of a
Charitable Incorporated Organisalion ICIOI, which we expect lo take place during the last quarter of 2024.
The trustees. report was approved by the Board of Trustees.
Ms K Vain
Trustee
Dated.. Jul 11.2024

EXETER CITY SWIMMING CLUB
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EXETER CITY SWIMMING CLUB
I report to the trustees on my examination of the financial slalements of Exeter City Swimming Club Ilhe charity) for
the year ended 30 September 2023.
Responsibilities and basis of report
As the Iruslees of the charity you are responsible for the preparation of the financial slalements in accordance with
the requirements of the CharitiesAct 2011 Ilhe 2011 Acti.
I report in respect of my examination of the Charity's financial statements carried out under sedion 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charty Commission
under section 14515llbl of the 2011 Ad.
Independent examlnerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a Memb￿ of The
Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the financial slalemenls do not accord wth those records., or
the financial slalements do not comply with the applicable requirements conceming the fomi and content of
accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a maller considered as part of an independent examination.
I have no concerns and have come across no other mallers in connection with the examination lo which attention
should be drawn in this report in order to enable a proper understsnding of the finsncial slalements lo be reached.
ZJ
Louisa Lulek FCA
Darnells Chartered Accounlanls
30 Fore Street
Totnes
Devon
TQ9 5RP
Dated. 1510712024

EXETER CITY SWIMMING CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Totsl Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
6,044
450,806
2,630
334
616
6,660
450,806
2,630
334
1,239
461,056
2,657
16
1,099
2,338
461,056
2,657
16
Total Income
459,814
616
460,430
464,968
1,099
466,067
Expenditure on:
Raising funds
Charitsble activits'es
3,581
436,515
3,581
438,515
1,857
442.624
1,857
444.223
1.599
Totsl expenditure
440,096
440,096
444,481
1,599
446,080
Net incoma and movement in
funds
19,718
616
20,334
20,487
1500)
19,987
Reconclllatlon of funds..
Fund balances at 1 October
2022
42,080
42,080
21,593
500
22,093
Fund balances at 30
September 2023
61,798
616
62,414
42.080
42.080
The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

EXETER CITY SWIMMING CLUB
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
2023
2022
Notes
Current assets
Stock5
Debtors
Cash at bank and in hand
11
12
3,366
34,931
93,569
3,755
3,776
74,566
131,866
82,097
Crgdltors.. amounts falllng du9 wlthln
one year
13
69,452
40,017
Nel current assets
62,414
42,080
The funds ofthe charfty
Restricted income funds
Unreslricled funds
15
616
61,798
42,080
62,414
42,080
The financial slalemenls were approved by the trustees on
Jul 11, 2024
Ms K Vain
Trustee

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies
Charity information
Exeter City Swimming Club is an unincorporated charity established by conslilulion in 2005 and amended in
2007 and 2022.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's goveming document, the Charities Act
2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021, leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined
by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not lo prepare a Slalemenl of Cash Flows.
The finanaal statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies
adopted are set out below.
1.2 Going concern
At the lime of approving the financial slalements, the trustees have a reasonable expectslion that the charity
has adequate resources to continue in operational existence for the foreseeable fLJture. Thus the tr￿lee$
Continue to adopt the going concern basis of a￿o￿ntIng in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtheran￿ of their charitable
objectives.
Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial slalemenls.
1A Income
Income is recognised when the charity is legally entitled to it after any perf0mlan￿ conditions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unles5 performance conditions require deferral of the amount. Income lax recoverable in
relation lo donations received under GIftAid or deeds of covenant is recognised at the time of the donation.
Legacies are Tecognised on receipt or olherwse if the charity has been notifièd of an Impending dislribulion,
the amount is known, and receipt is expectèd. If the amount is not known, the legacy is Irealèd as a
conlingenl asset.
No amounts are included in the financial statements for services donated by volunteers.
1.5 Expendlture
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation
committing the charity to the expenditure. All expenditure is accounted for on the accruals basis and includes
irrecoverable VAT. Expenditure is allocated to categories either on a direct or a usage basis.

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies
(Continued)
1.6 Stocks
Stocks are slated al the lower of cost and eslimaled selling price less costs lo complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured al the lower of replacement cost and cost.
Net realisable value is the estimated selling pri￿ less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.7 Cash and cash equivalents
Cash and cash equivalents include Cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilib'es.
1.8 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Finanaal instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Finanaal assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or lo realise the asset and sellle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted at a market rale of Interest. Financial assets
c18ssified as receivable within one year are not amortised.
Derecognition of financial assets
Finanual liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslitules a financing transaction, where the debt Instrument is measured at the present
value of the future payment5 discounted at a market rale of Interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised Cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the Ordin￿ course of
operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Dereeognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Income from donations and legacies
Unrastricted Rastricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Donations and gifts
616
8,660
1,239
1,099
2,338
Charitable activities
2023
2022
Membership Fees
Training, Meet and Entry Fees
Learn lo Swim
Other income
81,005
160,743
208,259
799
72,304
184,792
202,331
1,629
450,806
461,056
Income from othor tradlng a¢llvltlg$
Unrestricted Unrestricted
funds
funds
2023
2022
Shop income
2,630
2,657
Income from investments
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Interest receivable
334
16

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Expenditure on raising funds
Unrastricted Unrestricted
funds
funds
2023
2022
Trading costs
Operating charity shop
3,581
1,857
Charitable activities
2023
2022
Advancement of amateur sport and health
Staff costs
Affiliation fees
Pool hire & lifeguards
Coaching staff
Smrim school costs
7,040
18.609
183,059
75,435
85.980
19.941
169,426
83,014
89.237
r li
Training
Training camp
Equipment
Meet costs
Presentation & social events
Administration costs
Entry fees
Other expenditure
Bad debts
5,812
22
4.333
23,679
2,198
10,899
14.099
3,540
1,810
4,594
7,906
49
28,501
1,597
12,091
24,720
1,211
1,936
436,515
444,223
Analysis by fund
Unreslricled funds
Restricted funds
436,515
442,624
1,599
Forthe year ended 30 September 2022
Unreslricled funds
Restricted funds
442,624
1.599
444,223
Payments lo the Independent Examiner for extemal scrutiny of the accounts amount lo £1,02012022 £5701.

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees
Two12022 - bNol of the trustees lor any persons connected with them) received remuneration during the year
totalling £10.011 12022 £8,622) for their administration services, lifeguarding, cleaning and swimming
teaching. Payments were at market value. Three Trustees were reimbursed expenses totalling £13512022
no expenses reimbursed).
Employoes
One member of sL9ff was employed in the year.
Employment costs
2023
2022
Wages and salaries
Social security costs
8,681
379
7,040
10 Taxation
The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable GainsAd 1992 to the extent that these are applied to ils ¢haritsble objects.
11 Stocks
2023
2022
Finished goods and goods for resale
3,366
3.755
12 Debtors
2023
2022
Amounts falllng due wlthln one year:
Trade debtors
Prepayments and accrued income
22,681
12,250
3,776
34,931
3,776
10-

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
13 Creditors- amounts falling due within one year
2023
2022
Notes
Other taxation and social security
Deferred income
Trade creditors
Other creditors
1,072
29,324
38,036
1,020
14
6.600
21,211
12,206
69,452
40,017
14 Deferred income
2023
2022
Other deferred income
29,324
6.600
Deferred income is included in the financial statements as follows..
2023
2022
Deferred income is included within..
Current liabilities
29,324
6,600
Movements in the year..
Deferred income al 1 October 2022
Released from previous periods
ResoLJrces deferred in the year
6,600
16,6001
29,324
6,600
Deferred income al 30 September 2023
29,324
6,600
Deferred income arises from Wami Wnter Camp monies received in advan￿.
1 S Restricted funds
The reslricled funds of the Charity arising through it's activities are as follows..
At 1 October
2022
Incoming
resources
Resources
expended
At30
September
2023
Access lo Swimming
616
616

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
15 Restricted funds
(Continued)
Previous year-
At 1 October
2021
Incoming
resourcey
Resources
expended
At30
Septernber
2022
Training
fiAeel fees
500
599
500
11,0991
15001
500
1,099
11,5991
The training restricted fund arose from grants received including from Devon CountyASA.
The meet fees reslricled fund arose from funding for a meet al Millfield from Swim England.
The Access to Sw"mming restricted fund arose from fundiaising lo ensure participation is not restricted by
means.
16 Unrestricted funds
The unrestricted funds of the ¢harity comprise the unexpended balan¢es of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific PLJrposes.
At 1 October
2022
Incomlng
resources
Resources
At30
expended September
2023
General funds
42,080
459,814
1440,0961
61,798
Prevlous year:
At 1 October
2021
Incomlng
resources
Resources
At30
expended September
2022
General funds
21,593
464,968
1444,4811
42,080
17 Analysis of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Fund balances at 30 September 2023 are represented by:
Current assetsllliabilitiesl
61,798
616
62.414
61,798
616
62,414
12-

EXETER CITY SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
17 Analysis of net assets between funds
(Continued)
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
Fund balances at 30 September 2022 are representsd by:
Current assetsllliabililiesl
42,080
42,080
42,080
42,080
18 Rolated party transacllons
Mr M & Mrs C Board (Trusleel were reimbursed £1,300 in the year for garage rental used for storage.12022."
No disclosable related party transactions arose).
13-

2023 Accounts for Signature - Exeter City
Swimmng Club
Final Audit Report
2024-07-11
Crvated..
2024-07-10
By..
Ernilie Feaver lemilie.feaver@dame115.(L.ukl
Status..
&gr
Transaction 10..
CBJCHBCAABAAL216wyOPphGJyRi1lQOT-J￿VsDgCPW
"2023 Accounts for Signature - Exeter City Swimmng Club" Histo
Document created by Emilie Feaver (emilie.feaver@damells.co.ukl
2024-07-10- 8'.13'.26 PN GPvtF- IP 8ddr8ss.' 80.194.46.194
+ Document emailed lo lreasurer@exelerswimming.com for signature
2024.07.10- 8..18..20 AM GMT
Email viewed by treasLJrer@exeterswimming.com
2024-07-11 12.36".21 PM GMT- IP add￿$$. 104.47.85.62
Signer treasurer@exeterswimming.com entered name at signing as Kate Vain
2024-07-11 12'.36'.54 PM GMT- IP address.. 208.127.42.69
Document e-signed by Kale Vain ltreasurer@exeterswimming.coml
Signature Date. 202&07_11 - 12..36..56 PM GMT. Time kn[￿.. seTver- IP address.. 208.127.42.69
Agreement completed.
2024-07-11 - 12.36."56 PM GMT
Adobe Acrobat Sign