REGISTERED CHARITY NUMBER: 1128317
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
FOR
WYRE FOREST SWIMMING CLUB
Michael Heaven & Associates Limited Chartered Certified Accountants 47 Calthorpe Road Edgbaston BIRMINGHAM B15 1TH
WYRE FOREST SWIMMING CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
WYRE FOREST SWIMMING CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 30th September 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the club are the promotion of community participation in healthy recreation, in particular, by the provision of facilities for swimming and the teaching of swimming.
Review of activities
During the year the club continued the provision of swimming facilities. The trustees are satisfied that all activities undertaken on behalf of the club are in accordance with the governing document and are in keeping with the aims and strategies of the charity. There were no significant changes during the year.
The club is indebted to the volunteers that make contributions to the running of events and galas, raising funds and especially running the squad and teaching sessions. The club thanks all the teachers and coaches who are continuing the progress of the club's swimmers.
Future plans
The club plans to continue to further expand the provision of teaching swimming to the local community. The expansion of the teaching facilities will have a number of beneficial impacts:
-
Increasing the number of children swimming on a regular basis
-
Expansion of the club member base
-
Additional regular reserve
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1128317
Page 1
WYRE FOREST SWIMMING CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2024
Principal address
103 Bewdley hill Kidderminster Worcestershire DY11 6JE
Trustees
Mr S Denton - Trustee H Grover - Trustee S Meenan - Trustee (resigned 19/3/2025) R Turner - Trustee (resigned 19/3/2025) Mrs L Williams (appointed 19/3/2025) Mr R Collie (appointed 19/3/2025)
Independent Examiner
Michael Heaven & Associates Limited Chartered Certified Accountants 47 Calthorpe Road Edgbaston BIRMINGHAM B15 1TH
Bankers
Virgin Money 30 St Vincent Place Glasgow G1 2HL Approved by order of the board of trustees on 29th July 2025 and signed on its behalf by:
Mrs L Williams - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYRE FOREST SWIMMING CLUB
Independent examiner's report to the trustees of Wyre Forest Swimming Club
I report to the charity trustees on my examination of the accounts of Wyre Forest Swimming Club (the Trust) for the year ended 30th September 2024.
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.
Michael Heaven & Associates Limited Chartered Certified Accountants 47 Calthorpe Road Edgbaston BIRMINGHAM B15 1TH
29th July 2025
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WYRE FOREST SWIMMING CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 125,739 EXPENDITURE ON Raising funds 127,787 NET INCOME/(EXPENDITURE) (2,048) RECONCILIATION OF FUNDS Total funds brought forward 9,087 TOTAL FUNDS CARRIED FORWARD 7,039 |
2023 Total funds £ 155,855 171,857 (16,002) 25,089 9,087 |
|---|---|
The notes form part of these financial statements
Page 4
WYRE FOREST SWIMMING CLUB
BALANCE SHEET 30TH SEPTEMBER 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 1,645 CURRENT ASSETS Prepayments and accrued income 90 Cash at bank and in hand 22,475 22,565 CREDITORS Amounts falling due within one year 5 (17,171) NET CURRENT ASSETS 5,394 TOTAL ASSETS LESS CURRENT LIABILITIES 7,039 NET ASSETS 7,039 FUNDS 7 Unrestricted funds 7,039 TOTAL FUNDS 7,039 |
2023 Total funds £ 2,193 438 24,148 24,586 (17,692) 6,894 9,087 9,087 9,087 9,087 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29th July 2025 and were signed on its behalf by:
Mrs L Williams - Trustee
The notes form part of these financial statements
Page 5
WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
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.
Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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.
Fixtures and fittings
- 25% on reducing balance
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.
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continued...
WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price.
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.
Government grants
Government grants are accounted for under both the performance and accruals model. Grants under the accruals model in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Grants under the performance model are recognised when the performance related conditions are met. The government grants recognised in the financial statements are as follows:
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2024 nor for the year ended 30th September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2024 nor for the year ended 30th September 2023.
continued...
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WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 155,855 | |
| EXPENDITURE ON | ||
| Raising funds | 171,857 | |
| NET INCOME/(EXPENDITURE) | (16,002) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 25,089 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 9,087 | |
| 4. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| At 1st October 2023 and | ||
| 30th September 2024 | 10,571 | |
| DEPRECIATION | ||
| At 1st October 2023 | 8,378 | |
| Charge for year | 548 | |
| At 30th September 2024 | 8,926 | |
| NET BOOK VALUE | ||
| At 30th September 2024 | 1,645 | |
| At 30th September 2023 | 2,193 |
continued...
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WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 6) Trade creditors Other creditors 6. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 7. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1/10/23 £ 9,087 9,087 Incoming resources £ 125,739 125,739 |
2024 2023 £ £ 104 104 12,357 6,906 4,710 10,682 17,171 17,692 2024 2023 £ £ 104 104 Net movement At in funds 30/9/24 £ £ (2,048) 7,039 (2,048) 7,039 Resources Movement expended in funds £ £ (127,787) (2,048) (127,787) (2,048) |
|---|---|---|
continued...
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WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| At | movement | At | ||
| 1/10/22 | in funds | 30/9/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,089 | (16,002) | 9,087 | |
| TOTAL FUNDS | 25,089 | (16,002) | 9,087 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 155,855 | (171,857) | (16,002) | |
| TOTAL FUNDS | 155,855 | (171,857) | (16,002) | |
| A current year 12 months and prior year 12 months combined position is as | follows: | |||
| Net | ||||
| At | movement | At | ||
| 1/10/22 | in funds | 30/9/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,089 | (18,050) | 7,039 | |
| TOTAL FUNDS | 25,089 | (18,050) | 7,039 |
continued...
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WYRE FOREST SWIMMING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 281,594 281,594 |
Resources Movement expended in funds £ £ (299,644) (18,050) (299,644) (18,050) |
|---|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th September 2024.
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WYRE FOREST SWIMMING CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations received Membership and swim fees Gala income Total incoming resources EXPENDITURE Raising donations and legacies Lifeguards wages Pool hire Coach's fees and expenses Gala costs ASA registration fees Bank charges Courses Insurance Sundry and computer expenses Depreciation Accountancy fees Total resources expended Net expenditure |
2024 £ 1,279 118,733 5,727 125,739 125,739 28,747 70,218 15,748 6,068 1,367 - - 528 3,453 548 1,110 127,787 127,787 (2,048) |
2023 £ 4,467 113,844 37,544 155,855 155,855 34,969 88,841 19,114 15,942 4,455 68 1,047 864 4,776 731 1,050 171,857 171,857 (16,002) |
|---|---|---|
This page does not form part of the statutory financial statements
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