REGisfERED CHARJTY Tr<UMBER.. 1147581 Report of the Tru5te¢g ADd Unaudited Finantial Ststements for the YeAr End¢d 30 Septembtr 2023 for Sandwell Aqu*ti¢s Club PK Accountsney & Business S¢p4ic¢5 Limitr 2 Bentons Cot Kiddermitb5ter Worcestershi DYII 6YY
Sandwell Aquatic5 Club Contents of the Financial Ststements for tbe Year Ended 30 S¢pteMJber 21n3 Page Report of the Trusiees Independent Eumlo¢r's Report Ststement of Flnan¢iAI Atbvities BslAD¢e Shetl Notes to the Finxneial Stst¢ments 9 to 12 Detailed StstemeDt of FIDancial Activities 13 to 14
Sandwell Aqtsgtits Club Report of the"fTUStees for the Year Ended 30 September 2023 The tr]stees present their retth with the finan¢ÉaJ statemcnts of the charity fi)r the year eftdcd 30 September 2023. The trust¢&s have adopt<l the p)ViSiOnS of Accounting and Rep)rting by aJaritie5'. Statement of Recommended Practjcc applicablc to chariti¢s preparing their acrx)unts in accordance with the Ftnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effeetive l January 2019). OWECnVES AND ACTivrriES Objective$ elms The objectives of the Club art the p[nOtiOn of wmmunity participton in he41thy recreion. ID parti¢ular by the provision of facilities for swirnming and the ttaching of swimming. OrgAni5ational Strntture of tbe elub The Club is governed by a consiitution dated February 2022. The trust&s of the fund are the followin8'. Mrs Alison Drewlunniffe Mr Kevin Stockton Vice-chairnian Mr Jonathan Hemmin8way Mrs Kathryn Sewr Mr3 Caroline Tavar¢s WelfarE Subj¢¢t to complian¢¢ wtth the aims of the charity, the tr¢¢5 are the euthority for the ex]xnditure fmm reserves. Page I
Sfindwell Aquatits Club Report ofthe Trustees for the Ye4r Ended 30 5ep¢¢mber2023 OKIEcfIvF..S AND AcrivrriES Review of gctivities During thc yearthe club contiT)u¢d the provision of swimming and watcrpolo training and lessons. The trusttt5 are sat5sfied that all ¥tivities undertaken on bdjalf of the ¢lub aw in with the governing documcnt and arc in keeping with the aims and strategy of the charity. The finclaI year 5tthed 1st O¢tober 2022 with thc o)ntinuation of mer8ed training Eetween Sandwell Aquatios (Oldbury and Haden Hill) and Warley W&sp Sandwell Aquatics ¢ntered 2 teams it) thc Artna iAgu¢ eompdiiion, with Sandwell Aquati¢5 A finishing in 7th place ID Division 2 and Sandwtll Aquati¢s B finishing in 9th place in Division 3. It w&s deLided to enw only I team in the 2023 competition with Sandwcll Aquatits B resi11ng from the league. Sandwell AquatiU held its first Open Meet at Wolverhampton Central baths in October 2022 which wa5 a gT¢at success and set us in 8th)d stead for further open meets atthe Sandwell Aquatic Cetth. All members were r¢-regis¢ered with Swm En8iand ot the start of 2023 Is m¢Mr5 of Sandwell Aquaties, whieh meant that our membership stood at between 551>600 members. Members were rJJcoura8¢d to begiD to use th¢ new S8ndwell Aquati Bank Account to pay membetship and trainin8 fees into. January 2023 saw the start of the SwimGainz Iwue IformeTly PGL) in whieh Sandwell Aqu¥ties was represented by 2 ieams., 8andwell Red and sdWell Bla¢k. Both teams pfyrticipated in the B Final which was held at the Alan Higgs tentre at the start of Jun¢, with one of the Sandwell t¢ans earniD8 a w¢ll deserved 3rd pl¢. 43 swimmers (joint Sondwell and Warley) repsented th¢ ¢lub at the Worc¢ster County Championships in JanlFebTUIry ond brought home ? Si1r1¢¥t of medals and PBS. Unfortunately, February 2023 saw the deparlure of several )&the5 and te4chers and so work started in eamest to ensu that wc could continue to offer the Thumb¢r of classe5 and tr8inin8 sessitins that we had worked so hard to develop. March saw ihe start of the summer sewn for the Midland WAter Polo League with two Senior Men's team$ and a mixed Youth IU161 takin8 part for Sandwell. The se&%on ran until the end of October with Sandwell A finishing in second plfice in Division I, Sandwell B in the same r*)sition in IAvision 2. The Youth teom finished in equa] 3rd place in thesr division. the best Ttsult for scverni YCSTS. The Nuneaton Junior League stsrtgj in April. with the A team Mecessfulty gainLTh8 promotion in the Sept¢mE¢r final to DivisioA I for the 2024 season. We took on a new coach io WOTk aiongside Raj, Neil and DBve. and she intr¢ylue•J a Sunday morning Tun session at Sandwell Valley for the Pr¢mier and CDI squads. Holly quickly fitted into the club and became 8 firni favourite amon85t the swmmers. We Entered 2 te8ms in the Merciart League in May {a fiTs¢ for many of the fomtr Oldbury swimmers) with l of thc teams winning the fina] Tound. Well done to 911 of OUT Swimmers who repYts¢nted the club 50 well acrc6s all of the league The club lost sts fight to Telain the whole of the to Swim prowirne with th¢ plannd move into the Sandwell Aquatics C¢Dtre. and so in Ju]y w¢ said g(rfxlbye (o some ofour youngest members and those In our DucklinBS to Stage 4 cla55¢s. We rnanaged to successfvlly ne8otiate kn kc¢p our Skill Dcvelopment Stages (stages 5-8) and these si8ges have 8rown considerably sin(Y th¢ move into the SAC. Page2
SandweJI Aquatiu Club Report of tbe Tru5tee5 for the Y¢8r Ended 30 Stptemb¢r 21)23 ORIEcfivES AND ACTivrriES Langley Swimming Centre and Smethwick Baths closd their thors for the last time on 14th July 2023 the club moved in to its new home of the S8ndwell Aquati(s Centre the followtng weA. The club participated in the apening events led by Sandwell C¢)uncil and ]nembe¥s of the club inrvÈ¢wrd on loc41 TV and Tadio ststions to Ma this OCe&5ion. Sandwell Leisur¢ Tn]st welcomed us inio the Sandwell AquAti¢ Centre wth ot¢n arms and Aygu5t 2023 s2w the start of the new training programme, which brought together the swimming and water w)lo aciivity und¢r one of again. This new start ha5 8iven rnembets the opwrtunity to attend many more sesstons than previoty. includin8 3 early momin8 training sessions. a]ongside th¢ p0s5ibility to attend LAnd Ttwning at the SAC. For the water polo section this h&8 meant tha¢ for the first lime in the history of the club, water polo i5 being played as intended. That is, in deep water. We are dr¢ady sceing the knefLLs of this in the imptDved fitne55 and perfonnance of our players. W¢ succ¢sshJlly held our artnual Club Champs the centre over one weekend in S¢prnbtt which w&$ 8 fant&8tic opportunity to ty out of th¢ equipment. It has been a steep learning eurve for us all. but one which we h&ve fa¢cd with detemiination and & drive to succeed. The club then sup]x)rted Worcester County to hold the County Dev¢loprnent Meet at the centre at the end of September. This vay well attendvAJ by ajl Clubs from within Wotrester County attd enablc us to showc&se what the eentre is all ab)ut. The wint¢r seL%on of the Midland Water Polo ixague is Made up of a Women's Lewe and a Junior Men'5 (UI 81 Lcague. Re-estsblishing a women's leam ts a key aim of the water p)10 5¢¢tion and this is progressin8 well with an in¢re&sed number of females attending training. The junior men's team is currently 5th in the league with a number of 8ames still to play. The British Water Polo League operns through the winter and a Trurnb of our senior ployeTS join with Membe of other lo¢ clubs to play in this1¢08ue 85 City of Birmingham. Throughout the year Sandwell A91 ha8 been well represented itt teams sele¢ttd to play itl Int¢r-Re8ional Competiiions foT the West Midlands Region. Open Meets attended.. Stourbridge Siormforce Meet- tk¢ 2022- 36 SA 17 Warley swimm&s Worcester County ChAmps- JaNFeb- 22 SA and 21 Warley 5wimmen Richmond Dales Long ¢ourse L3 Meet- February- 14 swÉmmer5 Nova Centurion National QUtrICr L I meet- March- 5 swimmers Nuneaton open meet- Mareh- 48 Swimmers Cardiff Ll meet- April- 3 swimmers Wc5t Midlands Regionals Championships ApriVMay- 17 5Wtmmers Hinckley Open Meei- May- 37 swimmer5 City of coven Graham Syke5 0 med- long wurse- July- 42 swimmers w0¢ster County Dev¢lopmem meet- Septwt- 36 swimmers coul¢S )Mpleted.. I x Level I 'fea¢her 4 x Level 2 Teachers (in coliaboTation with Swim England Recruttinent Acadcmy and SLD I x Asslstant Coachin8 7 x Safeguarding 3 x'feam Managers 5 x fiTne Keepers I x JI judge5 Page 3
S#mdwell Aquatits Club Report of the TTUStees for the year Ended 30 September 21F23 FLrrbRE PLANS As always to furtherexpand the provision of aquatic swto the I1 eommunity. To continue to use Twitter, Fa¢ebcx)k and Website to continue to o)mmunicate with parents. To ¢x)ntinu¢ to woAc in close collaratIon with Sandwell txisurc TnLsL tnd Sondwell Council to serve the bDrough of Sundwell to the best of our ability. To train 3 Level I wache5 To train 3 new timekeeFWS for ¢xtrdeov¢r forthe coming year. To train 2 JI judges To trv4in 2 Team MalgeT Level 2 To train 3 x Team Manager Level I To tr&in 4 x Levcl I Water Polo Lwh To run a swm camp this yur To ¢nsurc a greater r¢presentstion atcounty. Re8kxwI and National compe¢iiK)Iis. STRiicfuR Tr,, GOVF,RNATriCE AND MANAGEMETrrr Governing documenl The ¢hariry i5 controlled by its 8ovemiD8 documenc adeed of and a)nstitut¢s art uninwrprated charity. R15k management Th¢ trusiecs have a duty to ideniify WMI review the risks to which the ¢haTity is eXSed and kn ¢nSUTe appropriate contro18 are in pla¢e to provide reasonable assurathC¢ against fraud artd ern?r. REFEREIYCE AND ADMINisfRATIVE DETAIIS Rtglstered Charity nurnber 1147581 Principal Address 19 Tudor Rothl Rowlcy Regis Wcsl Midlands E165 91.H Truste Mr% Aligon Drew£unniffc Chairm Mr Kevin Stockton TTU5tee Mr Jonathan Hemmingway S Mrs Katherine Sca8cr TnL5tee Mrs Caroline Tavares membship Sefft & Welfare offic Mr Mork Deakin Mrs Lynrte Willetts Independent Examiner Peter Killey PK Accountancy & Bwinc55 SetViCC5 LiTNit&l 2 Bentons Court Kidderniinster Worcestershire DYII 6YY Page4
SAndwell Aquatics Club Report of the Trustees for the Yeftr Ended 30 Septetnber 2023 REFERENCE AND ADMJNJSTRATIVE DETAILS Bankcr5 'rhc Co-operative Bank Bustness Custom¢r Services PO BOX 250 Skelmerdale WN8 6WT AC:COUNTING AND REPORI'ING REI SPONsIBILlEs The chai'ities Aci 2011 requires the ti'ustees lo prepare accounts each financial year which give a true and fair view of its financial activities diiring the year and of its financial position Rt the end of the year. In pr¢pariiig those 4¢counts the TTUStees should follow $t practice. and.. elect suitahle ac¢ouiitin8 policies and apply thtm consi5tently', Make judgcrnenL% and estimates that ar¢ reasonable and prudent. Follow applicablc accounting Standards and the Chariti<q SORP, disclosing and ¢xplaining any departures in tlie a¢c(¥unL%. and Prepare lh¢ aLcounts on & going eon¢em basis unless it is inappropriate to presumc that th¢ Charity will continue in operatiott. The Trustee5 ar¢ ttspon8ibl¢ for keeping proper aOUnting recoixls which dis¢lose with re&sonable accuracy at any time Ihc financial p051tinn of thc C"harity dnd lo cnable them to ensure the linancial slatLmcnls eornply wilh ihc cliarity law. They are a150 rc8ponsible tor sRfeguarding the &ssets of the Charity aiid hence for taking reasonahlc st¢ps for the preventiun and detection of frnud and oth¢r irregularities. Approved by order of the board of trusiees on 24 April 2024 and signed on its bchalf by.. Mrs Alison Drew-Cunniffe- Trustee Page 5
Independent Ex#miner'% Report to the Trnsttts of S2ndweJl Aqu¥4tics Club Independent exa¥Diner's report to th¢ trusttts of Sandwell Aquatics Club I report to the charity tn]stees on my examination of the accounts of Sandwell AquatiC5 C]b {the Trust) for the year ended 30 Septemixr2023. R¢spon5ibilÉtiu and basis of report As the charity tnet$ of the Trst you are resFrf)nsible for the preParlon of the a¢counts in accordance with the rcquirements of th¢ Charities Act 2011 Cthe Ad.). I report in respe¢t of my exam1Tl0 of the Truses ¥counts caryied ou¢ UTwJtt SKtion 145 of the Act 2nd in ¢aryin8 out my examination S have followed all applicable Dkrec¢ions 8ivcn by the Ch8rity Commission under S¢¢tion 14515Mb) of the A¢t. Indeptndertt exarniner's statement I have completed my examination. I confim) that no material matters havc come to my attention in connection with the examin10 giving m¢ cause io believe that in any MtrIal Tespeei.. &ecounting rccord3 were not kept in rwe¢t ofthe Trtt as required by Sectiort 130 of the ACL or the accounts do noi 8ccord with those records. or the accounts do not comply with the applicablc requirune¥ conc¢rnin8 the fomi content of a¢Unts sd oul in the C.h8rities (Accounts and ReFx)rns) Regulations 2008 other th8n any Tequirement that the a¢eounLS give trnc snd fair view whi¢h is not 8 matter sId¢Il part of an independent examination. hlve no ¢oncems and have comc a¢r0s5 no other mallcrs in connection with thc examination to which att¢ntion should be drdwn in this Trport in order to enable a proper undeTsthndingof the a¢counts to reach. Peter Killey PK A¢¢ountancy & Busin¢5s Services Lhmited 2 Bentons c.ourt Kiddermin% Wor¢estershir¢ Dyll 6YY 24 Apiil 2024
SgDdwell AquAti¢s Club Statement of Financial Activities for the Year Ended 30 September 2023 30.9.23 Unrestricted fund 30.9.22 To nds INCOME AYD ENDOWMEl4TS FROM Donations and legacies 207.109 126.094 Other incom¢ 22,684 Total 229,793 126,094 FXPENDITURE ON R&i8ing funds 196.267 120.414 NET IIYCOME 33.526 5.680 RECONCILIATION OTr FUNDS Total fvnds brought forward 16,$90 10.910 TOTAL FIINDS C.ARRIED FORWARD 50,116 16,590 The notes forni Tmrt of thtse financia] stthments Pw7
Sandwell Aqllatics Club Bal#ote Sbeet 30 Septtrnber 2023 30.9.23 Unrestricted fund 30.9.22 Totsl fijnds C.URRF.iYr ASSETS Stocks Debtors Cash at bank 500 1.045 72,859 1.061 684 20,243 74.404 21,988 CREDITORS Amounts falling due within one ye (24.288) (3.398) NET CURRENT ASSETS 50.116 16.590 I'OTAI, ASSETS LESS C.URRENT LIABILI'riLs 50.116 16590 NET ASSETS 50.116 16,590 lJnTe5tricied funds 50,116 16,590 TOTAL FUNDS 50,116 16.590 The fin8ncial statements were wroved by the BoArd of Tn¢$ and autlb)ri5ry1 for issue on 24 April 2024 and we signed on its behalf by.. Mrs Alison Drew.Cunniffe- Trus Page 8
SaNdwell Aqustits Club Notes to the Fingntigl StateJneDts for tht Year Ended 30 Septemb¢r 21F23 ACCOLFfflNG POLICIES Ba$t5 of preparing the finanti81 st41emetsts The fjnancial statements of the Charity. which ts a publi¢ benefit ¢ntity undu FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 102) Aco)unting 8nd Reporting by Charities.. Statement of R¢coinmended Practice applieable to ¢hariti&% preparing their &counts in accordance with the Financial Rew>rtin8 Standard applicable in the UK and Republtc of Ireland (FRS 102) (effective l January 20191,, Finaneial Rep)rtin8 Standard 102 Tr Financia] Retrf)rring Standard appli¢able in the UK and Republic of Ireland. and ihe Charitie5 2011. The finala1 stAments have been prepared under th¢ historical co convention. Intome All InMe is recognised in the Statement of Ftnaneial Activttses 0¢ th¢ chtrity has titlement to the it is p)Dbable that the it7ctime will be re¢eiv•l and the amoum cm E¢ me4sured reliably. Eyptnditur¢ Liabilities ar¢ recognised &% eynditur¢ as srx)n as there is a le8 or construetive obligation committing the tharity to that expenditure. it is proFAble thai a transfer of cnomiC bencftts will be requiffd in scttleTnent and the amouni of the ObligtI>ll can be me&suNI reliably. Expendibjrc is account for ort Bn accluals basis and has b¢en classified LEnder headings 8ggregare all Ly)si related to thc cth80ry. Where eosts cannot be directly attributed to p4rticular headin they hav¢ been allwthd activities on a basis consistent with the use of resources. Stocks stk we va]L*d * the lower of (xist and t)et realisable valu4 after meking due A]Iow8n¢¢ for ob501ete and slow moving it¢ms. Gen¢rxl fund Untestricied be used in wth the ¢haritsble objKtive5 the disctetton of the ttu$tees. Rcstricted lldS can only he used for p¥rti¢ul8r restricted pyrp¥)ses within thc objeLts of th¢ charity. Restrictlons arisc whcn 5p¢¢ifEed by th¢ donot or when fvnds e Trised for rAnieular restricted PLtryTh)ses. Further explanation of the na1¢ and pwpx)se of each nd is included rn the notes the firwicia] statements. Volunteer help The vajue of voluntery hdp iecetved is not included in the xLY)unts but i¥ d¢Jcrtbed in th¢ uusiees, annual rewrt. TRL'SI'EF.S' REMUNERATION AND BENEFITS There were no trustecs. Rmunerntion or other bufits for the y¢ar Pded 30 Septthnber 2023 nor for the year cnded 30 September 2022. Trustees, expenses There were no tr$t9, ¢xpa]ses paid for the year atded 30 SeptemFrt 2023 nor for the year ended 10 September2022. Page 9 cK)ntinued...
SaDdwell Aquati Club Notes to the Fknan¢iAI St¥ttments- contlnued forthe Year Ended 30 Septernber 2023 STAFF COSTS The aver¢ monthly number of employees duriD8the yefrw&s as follows.. 30.9.23 30.9.22 Head Coxh No employees received emoluments in ex¢e5s of £60,000. COMPARATIVES FOR THK sfATEMENf OF FINANCIAL AcfiviTXFS Unrestricted fund INCOME AND LNDOWMErirs FROM Donations and legacies 126.094 EXPEYDITURE ON Rw'sin8 fijnds 120,414 5,680 NET INCOME RTr:(:()IYCILIATION OF bUNDS 'I'otal fund5 broughi forward 10,910 TOTAL FUNI DS CARRIF.D FORWARD 16.590 30.9.23 30.9.22 1,061 Swim shop stock% DEvfoRS: Amouyfs FAI,LING DUE wmiiN ONE YEAR 30.9.22 Trade debtors 1,045 684 Page 10 contillued...
Sandwell Aquatir5 Club Notes to the Fin2ntial Statements- tontinued for the YeAr Ended 30 Septernber 2023 CREDrroRS: AMOUN13 FALLING DUE WITHIIY ONE YEAR 30.9.23 30.9.22 Trade creditors Oth¢r ¢red2tors 24.288 5,397 24,288 5.398 MOVEMENT IN FUNDS At 1.10.22 movem¢nt in fund5 At 30.9.23 UnrestTiCted funds Genernl furtd 16JSII 33J26 50.116 TOTALFUNDS 16.59) 33,526 50,116 Net movemettt in fimd& inclwj1 in th¢ above are as follows: InMIng Rcscjurces expend Movcment in funds Unra$trleted fund$ Generdl fund 229,793 1196267) 33.526 TOTAI. FUNDS 229,793 1196,267) 3J,526 Comparntives for movemertt ID Net movement in funds Ai 1.1021 At 30,9.22 Unrestrided fun G¢n¢rnl fund 10.910 5.680 16.590 TOTAL FUYDS 10,910 5,680 16,590 continued...
Sandwell Aquatits Club Yotes to the Finxncial.StatemeDts- tontinued for the Yegr Ended 30 September 2023 MOVEMEhT IN FUNDS- Continued Compardtivc net movement in fund& included ITh the atove are a5 folk)ws: InL*ming Resourecs Movetnent resouTees ¢xpendcd in funds UnTe51ri¢t¢d funds General fimd 126.094 (120,4141 5.680 TOTAL FufiDS 126,094 (120,4141 5.680 A cumt ye4r 12 months and prior yts 12 rnonths combined position is as follow5.' Nct At 1.10.21 movement in fijnds At 30.9.23 Unre5tritted funds General fund 10,910 39,206 50,116 TOTAL TrUNDS 10,910 39206 50,116 A rreftt year 12 months and prior ye4r 12 months combined movement in funds, included in the above are &$ follows.. Incoming r¢sourees Resources expen MoYem¢nt in funds Unrestricted funds (ienerdl fund 355,887 1316,6811 39,2Q6 TOTAL FL'NDS 355.887 {316,681) 39,206 RELATED PARTY DISCLOSURES Th¢Te were no reled party tranStiOnS for theyear ¢nded 30 September 2023. Page 12
Sadwell Aquati¢s Club Detailed Ststement of FiDanci&l A¢tivitie9 for the Year Ended 30 September 2023 30.9.23 30.9.22 INCOME AND ENDOWMENrs Donatious and legacies Monthly fees Grdnts Donation$)SOr Open meets Club champs Oth¢r income Land training 18.250 140,855 1.045 20 27,383 4,992 362 10,383 89,397 6.100 90 10,436 2,504 1,534 976 ,636 .979 1931 4,728 7.973 Merchandise Pool hire Course5 Opcn water swimmin8 Printer cartridges 250 1251 921 231 207.109 126,094 Other income Bx¢¢ptional items 22.684 Tot41 Ineornlng resoureej 229,793 126,094 XPEYDITURE RHising donatlon$ And legAcI Wag¢s Social SCCLtrity Pool hire Coach¢s exF¢ll5¢5 ASA I,ees Gala's Stock &dju5tment Mcrchandise Accountancy Other expenses Open meets Club phone c.lub champs Web 51tc Courses Events Land tiaining Recruitment expense 7.651 1.913 108,549 19.897 14,564 1,238 561 9,661 750 1285 19237 (81 4265 1.913 73,882 8,787 7.873 1,057 1,894 620 1.634 8,812 58 2,718 1,054 3.311 800 239 804 ,734 817 196267 120,414 This pagcdocs not forni p8n of the statutory financial statements Pagc 13
S*ndwell Aqa{S Cknb Detailed Statement of Financial Adivities for tbe Year Ended JO September 2023 30.9.23 30.9.22 Total resources eXId& 196.267 120,414 Iyet ineome 33,526 5,680 This pw doe5 not forni part of the statutory fiTwciaJ statemcnts Page 14