**REGISTERED CHARITY NUMBER: 1128317** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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 2025** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 12| |**Detailed Statement of Financial Activities**|13| **WYRE FOREST SWIMMING CLUB** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025** The trustees present their report with the financial statements of the charity for the year ended 30th September 2025. 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 2025** ## **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 - Trustee (appointed 19/3/2025) Mr R Collie - Trustee (appointed 19/3/2025) Mr K Grigg (appointed 29/1/2026) ## **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 ## **CHANGE OF BANK ACCOUNTS** Subsequent to the financial year end, the company changed its principal banking arrangements and opened a new bank account with an alternative banking provider. The company intends to transfer the remaining balances from the previous bank account to the new account, following which the former account will be closed. The new account is expected to be used for the company’s ongoing trading activities. As this change occurred after the reporting date, it does not affect the cash balances recognised in these financial statements and has no impact on the company’s financial position or results for the year. Page 2 **WYRE FOREST SWIMMING CLUB** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025** Approved by order of the board of trustees on 13th March 2026 and signed on its behalf by: Mrs L Williams - Trustee Page 3 **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 2025. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 13th March 2026 Page 4 ## **WYRE FOREST SWIMMING CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2025** |2025
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
148,054
**EXPENDITURE ON**
Raising funds
125,582
**NET INCOME/(EXPENDITURE)**
22,472
**RECONCILIATION OF FUNDS**
Total funds brought forward
7,039
**TOTAL FUNDS CARRIED FORWARD**
29,511|2024
Total
funds
£
125,739
127,787
(2,048)
9,087
7,039| |---|---| The notes form part of these financial statements Page 5 ## **WYRE FOREST SWIMMING CLUB** ## **BALANCE SHEET 30TH SEPTEMBER 2025** |2025
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
4
1,234
**CURRENT ASSETS**
Prepayments and accrued income
1,791
Cash at bank and in hand
28,494
30,285
**CREDITORS**
Amounts falling due within one year
5
(2,008)
**NET CURRENT ASSETS**
28,277
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
29,511
**NET ASSETS**
29,511
**FUNDS**
7
Unrestricted funds
29,511
**TOTAL FUNDS**
29,511|2024
Total
funds
£
1,645
90
22,475
22,565
(17,171)
5,394
7,039
7,039
7,039
7,039| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 13th March 2026 and were signed on its behalf by: Mrs L Williams - Trustee The notes form part of these financial statements Page 6 **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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. continued... Page 7 **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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 2025 nor for the year ended 30th September 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30th September 2025 nor for the year ended 30th September 2024. continued... Page 8 **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025** |**3.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---| |||Unrestricted| |||fund| |||£| ||**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| |||| |**4.**|**TANGIBLE FIXED ASSETS**|| |||Fixtures| |||and| |||fittings| |||£| ||**COST**|| ||At 1st October 2024 and|| ||30th September 2025|10,571| ||**DEPRECIATION**|| ||At 1st October 2024|8,926| ||Charge for year|411| ||At 30th September 2025|9,337| ||**NET BOOK VALUE**|| ||At 30th September 2025|1,234| |||| ||At 30th September 2024|1,645| continued... Page 9 ## **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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
1/10/24
£
7,039
7,039
Incoming
resources
£
148,054
148,054|2025
2024
£
£
-
104
898
12,357
1,110
4,710
2,008
17,171
2025
2024
£
£
-
104
Net
movement
At
in funds
30/9/25
£
£
22,472
29,511
22,472
29,511
Resources
Movement
expended
in funds
£
£
(125,582)
22,472
(125,582)
22,472| |---|---|---| continued... Page 10 **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **7. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** ||||Net|| |---|---|---|---|---| |||At|movement|At| ||1/10/23||in funds|30/9/24| |||£|£|£| |**Unrestricted funds**||||| |General fund||9,087|(2,048)|7,039| |**TOTAL FUNDS**||9,087|(2,048)|7,039| |Comparative net movement in funds, included in the above are as follows:||||| ||Incoming||Resources|Movement| ||resources||expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund|125,739||(127,787)|(2,048)| |**TOTAL FUNDS**|125,739||(127,787)|(2,048)| |||||| |A current year 12 months and prior year 12 months combined position is as|||follows:|| ||||Net|| |||At|movement|At| ||1/10/23||in funds|30/9/25| |||£|£|£| |**Unrestricted funds**||||| |General fund||9,087|20,424|29,511| |**TOTAL FUNDS**||9,087|20,424|29,511| continued... Page 11 **WYRE FOREST SWIMMING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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
£
273,793
273,793|Resources
Movement
expended
in funds
£
£
(253,369)
20,424
(253,369)
20,424| |---|---|---| ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30th September 2025. Page 12 **WYRE FOREST SWIMMING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations received
Membership and swim fees
Gala income
Government grants
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Lifeguards wages
Pool hire
Coach's fees and expenses
Gala costs
ASA registration fees
Insurance
Sundry and computer expenses
Depreciation
Accountancy fees
Total resources expended
**Net income/(expenditure)**|2025
£
1,343
140,537
5,174
1,000
148,054
148,054
31,945
60,912
16,748
7,731
3,059
181
3,485
411
1,110
125,582
125,582
22,472|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)| |---|---|---| This page does not form part of the statutory financial statements Page 13