Rf4.GISTERED CIIARITY NIIMRf,R: 1147$81 Report of the l-rLLStees and Unaudittd Fin#ntlAI Stxttmtnts foj. tht Year Ertdtd 30 S¢pttmb¢r 2024 for SAndwell Aquatics Club PK Accountancy & Business Services Limited 2 Beiitons Court Kidderminsler Worcestershire DYII 6YY
Saii(livell Aquatics c.lub Conlejits of tht b"in%nci*l Stattmtnls foi. the Yeai. Ejjded 30 Septembej. 2024 Page Report of the Truste£8 I to 5 IndepeDdent r'.Jaminer'5 Report StAtemeiJt of Trinancial Activitie5 Bxlgnte Sheet Notes to the FiThHThcial Statetnents 9 to 13 Detailed StAtement of Financial Activitie5 14
S#ndwell Aqit&tics Cliib Report of the Ti'u%tee% ffjj. the Year Ejidtil 30 Septetnber 2U24 The trustees prcscnt their report with the f1nancial statements of the cliarity foT the year ended 30 Septembei. 2024. The trustees have adopted tlEe provisions of Accouiitiiig and RepurtlDg by C.hanlies'. Slateimeiit of Recotiirncndcd Practice appl&cable to cliai'ities prepai'iiig thcii- acLUllI)ts In accordance with the Financial Rcportijig Staiidard applicabl¢ iii tlie UK and RepublT¢ of Treland IFRS 1021 Icffcctive l January 20191. OBJLCTIVES AND ACTIVITIES Objective5 and airn5 The proinolion of coininiinity participatÈon iii liealihy reuieaiion l()r the benefit of pcople in Sandwell and the West Midlaiids aira by the Cation of opportunities lo train for and coinpete in swiinrning. water polo and oiher aqu¢itic .4ports goveiiied by Swin) England, togeihcr with tlie oppoituiiity to train for and take part in activilies governed by thc Bi'itigli 'Friathlon I",edei?tion. Organi.4ati()fj%l Structure of tlie clilb Tlie Club is govcriicd by a constitution dated Febi'uary 2022. The ti'ustees of the fund aTe the following.. Mrs Alison Drtw-cunnfft Chaiman Mrs c.laire Steele Meinbership St¢tary Mi Jonathan Heminingway Secretary MTS Katina Fawke Treasurer MTS CaroliRe I'avares Welfare Subject to compliance with the airns of the Charity, the trustees are the aiithority for the expenditure frorn reserves. Page I
8oiJdwell AquitÉes Cliib Report of the Ti'ustees for th¢ Y¢ai' ED(Icd 30 Septenibei. 2024 OBJEC.TIVES AND ACTIVITIF.S Review of activitie8 During the year thc club coiitiiiued tlie provisEoti of swiinming and water polo training and lessons. The trustees aTe satisfied that all activitits undeitaken on behalf of the ¢lub in accordance with the govcrning document and are tn keeping with the alin5 and strategy of the charity. The financial year stait¢d 1st Octob¢r 2023 Saiidwell Aquatics cntered I tearn in the Arena Leagiie competition and achieved promotion to Division l of the league. Sandwell AquatlC5 held its second Open Mcct at Sandwell Aquatic8 C.entre in October 2023. This was followed by the club's first long Li)uiJe rneet, held in Mairh 2024. Optn mects air vital in raising funds tl) %UPPOFt the Club's activitie5 by keepiiig training fees affordable. All members werc rc-rcgistered with SWTM Fngland at the start 01 2024 as Ineinbers of Sandwell Aqualics. The tnovenitnt of paytnent for training fees to the Sandwell Aquatics account was completed. January 2024 saw one teain froin Sandwcll Aquatic% taking part in the SwirnGainz League. This league is used &s 2 development leagiie foT yovngeT SWltnni¢rs. One team tTrk part, involving over sixty swimmers, many having tlieir first cxpcricncc of competitioii. Sandwell Aquatic% concluded by swimming in the A final. finishiiig 7th out of16 tearns. In the 2024 Worcester County Championships the nUber of mtdalli5ts and finalists was greater than in 2023 attd, based on the total nunibtr of Inedals won, the club was 3rd in the County. In thc County relays SandweI1 was 2nd overall and top masters team. March saw the stall of the summer season for the Midland Water Polo League with two Senior Men's tcarns and a mixed Youth IU16} taking part for Sandwtll. The season raR Ulltil the end of October with Sandwell A finishing in second place iii Division I, Sandwell B in the same position in Divibion 2. The Youth team fiiiished in equal 1st place in their division. This Te5ulted in a play-off against Solihull io decide the League Champions. The result of this tnatch was Sandwell 9 v Solihull 12. The Nuneaton Junior League staried in April. Having gained piDmotion to Division l in 2023 the aim thts season wa% to retaiii our Division I status. This was achieved with Sandwell finishing 17th of 24 clubs in the division. Sandwcll Aquatics also compcted in the Mercian League, finishing Tn 5th place and the Worce5teT Winter League where wt finished in 3rd place, Well done to all of our swiinmer5 who reprellted the clllb so well across all of the leagues. Important events in the swiinming calendar for our perfomance level swiminer5 #T¢ the Regional and National c.hampionships. Some irnpres5iv¢ results were achieved. Winter RegiotLa15 2023 15 swimmers qualified Summer Rcgion81$ 2024 24 home progratnine swimmers qualified, togethcr with six dual-registered swimmers. Across these two events these Qualifiers won 14 medals and 5warn in 57 fitjals Sun)mei' Natio*1$ 2024 7 bwEmmers qualified, taking part in 18 events. three of which were finals and winning one medal, which was gold. The Masters section ()f the clLib ha% undei-gone i?pid developineiit with nuinbers gi'owitig quickly and enthiisiJsm keeping pace. Podium finishes and broken Ircords are fast bectsiming regular event5 and this looks Set to continue. Page 2
SaiidTrvell AquatlC5 Club Repoi't of tlie'l'riistees loi. the Yefir Ended 30 Septembei. 2024 OBJECTIVES AND AC'fiviTIF.S The Club Ch4Tnpionships havc become established diiring the rnonth of september. We are f()rtunate to be ablc to havc this event in siicli ali excellent facility. Tliis event not only piDvides eslablisljcd swiiiimcis Wltli the opportiinity to coinpete, bul it also give a fiT5t taste of competition io our younger member5. Losing thc ability to piDvide bwirnining lessons when ihe cliib Inoved to Sandwell Aquatic Centre was a hug¢ blow, but Iht Skill Development sectioti was qiiickly establishtd. This lias been ienamed the Fouiidation Squad and is vital in helping childrcn lo Inake the Inove froiii learniiig to %wim inlo competitivc swiininiiig. The winter season of the Midland Water Polo League is made Up of a Women's League and a Junior Men's (Ul 81 LcagLIe. One of the key aiins of the wateT polo section was aehieved in the summer 2024 wlien a Senior Wotnen's team entered thc Midland Water Polo l.eague. This development was swiftly followed by the establishment of a training session spe¢ificlY for womcn aiid gil'ls. Open Meets attejided.. Stnurt)ridge Stormforce Meet Siouibridge Crystal Optn Meet The Steve Teani & univeIty of B1InghaM Masters City of Sheffield PreTnier Open Meet Worce%ter SC Suminer Open Meet City of Coventry Grahani Sykes Meet 2024 Worcester County Development tneet December 2023 l.ebruary 2024 58 swimmers entered 36 swinirnei's entered February 2024 March 2024 July 2024 July 2024 September 2024 3 swimrners enteTed 6 swimitters entered 57 swimrners entered 49 5Wltnin¢i's entered 22 swiminers entered Course5 ¢ornpleted.. 3 x Assistant Swimming Coach 8 x Safcguarding in Aqiiatics I x Tcaching Swiimniing to Leamers with Learning Disabilitie5 3 XJI Judges I x J2 Judge I x J2 Judge & Staffer 4 x Level l Assistant Wattr Polo Coa¢h Ix Level 2 Water Polo C04ch FttTURE PLANS As always to furtlieT expand the provision of aqiiatic sports to the local community. To contit]ue to use Twitter, Facebook and Website to continue to commuiiicate with parents. To contiiiuc to work in close ¢ollaboi3tion with Saiidwell Leisure Trust and Sandwell Council to serve tlie borough of Sandwtll tu the best of our ability. To continue to Tecruit and train swimmit]g and water TM)lo otTJcials To continue to Tecruit and train volunteer team managers To iijn two SWinTr C4mp.¥ during 2025, onc in the UK and one overseas To continue to develop the coacliing woi'kforcc by prvviding a¢¢ess to training courses. S'I'RUCTURE, C.OVERiNAINCE AND MAIYAGEMEN'I. Gvvcrning do£iinJent The charity 15 Controlled by its goveniing documen¢ a deed of trust and constitutes an unincorporated charity. Page 3
S#rtdwell Aquatics Cliib Repoi't of tlje Truslee lor thi Yiar F4nded JO Septeiijbei. 2024 STRUCTIIRE, GOVERNANCE AND MANAGII MENT Ri51( TnRnagement The tru%tee% have a duty to identify aiid revicw the rigks io whi¢h the charity is cxposed and to ensure appTopriate contTols are in place to provide irasonable assurance agaiiTrst fraud and error. REFERENC".E AND ADMIN'ISTRAI'IVF. DETAILS kegistered Charity iiunjber Pi'incipal address 19 Tudoi. Road Rowlcy Rcgis Wesl Midlands B65 9LH Tru&tC¢5 Mrs Alison Drew-CLiniiiffc Chairman r Keviii Stockton Trustee (resigned 19.3.241 Mr Jonathan Hemmingway Secr¢tary Mr5 Katherine Seager I rustcc (rcsigned I9.3.241 Mrs Caroline Tavares Mellibe15hip Secretaiy & Welfare otyicer Mi. Mark Deakin (resigned 19.3.241 Mrs l.ynne WTlletts (resigned 19.3.241 Mr Keith Jones Trustee (appointed 18.3.241 Mrs Claire Steele MeThb¢rsliip Secretary (appointed 18.3.24} Mrs Katina Fawke Ti'easuitT lappoiiita 14.3.241 MT5 Theirsa Akotshi Wtlfare Officei. lappoinled 18.3.241 Mrs Elizabeth Wilkins Trustee lapTH)int¢d 18.3.241 IDdependent Exaffliner Peter Killey PK Accountaiicy & Business Services Limited 2 Benlons c.ourt Kiddenninster Worcestershir¢ DYII 6YY B*nke Tlie CO-OperatVe Bank Busines9 Customer Service5 PO BOX 250 skelineialt WN8 6WT Page 4
Sxijdivell Aiiii#tie8 Club Rei)oi't of thc'l'J'ustte5 for tlje Year 144Jl(IL'Il 30 8i.ptcmbLJ' 2024 ACCOIINTING AND REI'ORTINC. RF.£PONSIBILI-I'IES The chai-ilies Act 201 I requires Ilie trustees lo pi-vpai-e atyLoiints each financial ycar which give a true aiid fair view of its rinancial activities dui'ing the yeai. and of ils fiiiancial position at the cnd of the y¢ar. In prepai-ing those accounts the Truste¢s should follow best practice, and.. Sclect suitable accuuniing poliLies and apply tlieni consistently., Make judgeincnls aiid estiinatcs that ale Teawnable and pi'iidcnt., Follow applicable accouiitin¥ st4ndai.ds and thc Charities SORP, disclosing aiTrd explaining any departiires iii thc accounts. and Preparc the accounts on a going nCerrt basis iinless it is inappropriate to pre5Urn¢ that the Charity will The Trustees arc reSPOll5ible foT keeping proper accounting records which disclose with reasonable accuracy at any time thc fiiiaiicial tM)51tion of the Charity aiid to eiiable thein to cnsuit the financial statements comply with the cliarity law. They are also responsible foi. safeguarding the assets of the Charity aiid hence for takin¥ rtasonable steps for ihe prevention and detection of fraud and other irrcgulaijtt5. li loLl20L£ Approved by order of th¢ board of trustees on............................................. and signed on its behalf by.. Mrs Alison DTew-Cunniffe- Trustec Page 5
lJidepeiideEJt Cxamtncr's RLPOrt t(> tht Ti'u%tees of Saii(Iwell Aqu%ti£s Club IndcpendetLt cxAmiiier's repoi't to the triistees of Sandwtll Aquxtics Club I Irpoit lo the cliai'ity Iriislces on illy exa1111natiun vf the accolllits of Salidwell Aquatics c.lub (the Trust) foi. the year ended 30 Septeimber 2024. Responsibilities aiid basis Of report A5 the Ghai"ity trustee5 of the 'FI'ust you arc rcsponstble for the PTeparation of dTre accounts in accordance with the requirements of the Charitics Act 2011 ('Ihe AGt'I, I report in respect of my examination of the TTU5Vs accounts carried oiit linder Scction 145 of the A¢t and in carrying out my exainiiiation I have followed all applicable Dii'e¢lions given by the Cliarity Coiniiiission uiidcr Scction 14515llbl of the A¢t. Independent examiner'5 5tateinent I have complclcd my examinatit)n. I confiTm that no rnaterial matters have come to my attention in connection with the exainination giving tne cause to believe that in any m£lterial Fespect.. accouiiling records were not kcpt in respect of the Trust a5 rwuiird by Section 130 of the Act; or tlie accounts do not accord with Iliose records. oi. the accounts do not comply with the opplTcable requirements concerning the fom) and ¢ontenl uf accounts Sct out in tlie Chaiities (Accounts and Report%) Regulations 2008 other than any reqU11nent that the accounts giv¢ a true and fair view which is rtot a Imatter considered as part of an independent examination. T have no ¢on¢eThs and have come acr055 no othcr matters in connection with the ¢Kainination to which attcntion shollld be drawn in this report in order to enable a proper under5tsnding of the accounts to be reached. Petcr Killey PK Accountancy & Business Services Limited 2 Tleiit0115 Coiiit Kidderminster Worccstcrshirc DYII 6YY Date.. Page 6
S#rtdwell Aqllxtics CIILb Balxncc Sheet 30.4eptember 2024 30.9.24 Unre5trictcd fund 30.9.23 Tolal funds Notes CEIRRENT ASSb-I'S Stocks Debtors Cash at bank 2,044 931 112,089 500 1,045 72,¥59 115.064 74,404 CRC4 DITORS Amounts falling due within one year 132,7871 (24,2881 NEI" CURRENT ASSETS 82,277 50,116 TOTAL ASSETS LESS CURRENT LIAIIII,ITIE 82,277 50.116 NF.T ASSETS 82,277 50,116 FUNDS Unrestricted funds 82,277 50,110 TOTAI. FIINDS 82,277 50,116 The fi ancial stattment5 WtT¢ approved by the Board of Trustees and autliori5ed for issu¢ at)d wcrc SIed oli its behalf by.. on Alison Drew-Cunnifft- Trustee The notes fortn part of these fiiiancial 5tateTnent5 Page 8
S47ridwell Aqiiaties Cltzb StA(emeJJt of Finanei%l Activities foi. tlie Ye41r Lnded 30 Septernber 2024 30.9.24 30.9.23 UnreslriLted funds Notes INCOME AND ENDOWMENTS fiROM Donatioiis aiid legacies 224.109 207,109 Otlier incoine 22,684 Tot&l 224,109 229.793 EXPENDITIJRE ON Raising fiiiids 191,948 196,267 NE4T INCOME 32,161 33.526 RECONCILIATION OF FUNDS Total fiinds biLIS11t forward 50,116 16,590 'I"O'I'AL bUNDS CARRIED FORWARD 82,277 50,116 The note5 form pait of thcse financial statements Page 7
Sanilwtll AquAtifs Cliib Notes to thc I'inaiiLial St41teJnen15 foi. tlie YeHI' F.niled 30 Septenibet. 2024 ACC.OIINTING POLICIES BRsis of pi'eparing the fiiiaijeial staten]ertts fiiiaiicial statenieiTrts of the charity, which is d public beiitfit ciitity undei. FRS 102, have been piepaird in accoixlaiice with the Chayities SORP IFRS 1021 'Accounting and RepoitlllL by Charitie%.' Stateinent of Recoiiirnended Practice api)licable to chai'itlcs pirpaTing their accoLints in accvrdance with Ihc l.inaiicial Reporting Standard dpplicablt iii tlie UK and RepLiblic of Ireland IFRS 1021 Icffective l Janiiai-y 2019),, 'inancial Reporiing Standard 102 'The Fiiiaiicial Ileporting Standayd applicable in the UK and Republic of Ireland, and the Charities Act 2011. 'I'lie fiDancial statcmcnts have been prepaird under the historital ¢ost eonvcntion. Income All incoine is Te¢ognised tn the Stat¢rnent of Fiiiancial Activities once the charity has entitlerneiit to the funds, it is probable that tlie incoTne will be received and the amount can be measiired reliably. Expellditurt Liabilities are recogiiised as ¢xpendituiE as a% there is a Icgal or con5ttuctive obligatioii coinmitting the charity to that expenditiire, it is piDbable that a transfcr of economic benefits will be required in settlement 2nd the aiiiount of thc obligation can be mc%sLircd Irliably. Expenditure is accounted for on an accrLials basis aiid has bten classified under heading% that aggregate all cost related to tlie category. Wherc costs cannot b¢ directly attributed lo particular hcadin¥5 they liavc been allocated to aciivitics on a basis coiisi%tenl with the use of Te50urce%. Stock5 Stocl£s are valued at the lower of cost and net realisable value, after rnaking due allowance for ob501ete and slow moviiig iterns. GeNei'AI fund Uiirestrictcd funds can be used iii accordance with the charitable objectives at thc discrction of the trustees. Restricted funds can only be used for particular rcstricttd purposes within the objects of the ¢haTity. Restrictions arise wheii specified by the don()r or when fiindb are rdised lor particular Testricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statcment8. Pension cost5 aHd other post-retirement benefits The charity operates a defined COAtribiition pension s¢heme. Contributions payable to the charity's pe11510n s¢heme are charged to the Statement of Financial Activities in the period to which ihey relate. Volunteer help The value of volunlary help received is not includcd in the accounts but is described in the tTUStees' annual report. Page 9 Continued...
S#ndwcll Aqiiatics C.lul) Nutes to the I,in41nf ial StAtL'm¢D¢s f ontiniie(I ror the Y¢ai' ndeil 30 SeiJtembtJ' 2024 TRIISTf,b;S' REMUNERATION AND BENEFITS There weiE iio ti'iislees, remuileiatl0 OT Other benefits for the year ended 30 .%epteinbei' 2024 nor for the year ended 30 Septe171bei' 2023. Tr115tee5 expeijses There were Jio tru%te¢s' exptn5es paid for the y¢aT tnded 30 September 2024 nor for the year ended 30 ScptembeT 2023. STAFF cogrs The average monthly number of einployces during Ihe yeaT wa5 as follows.. 30.9.24 30.9.23 Head Coa¢h Assistant Head Coa¢h No cmployee8 received ernolunients in excess of £60,000. COMPARATIVES FOR'FHE STATEMENT Ob FINAIYCIAL AcfiviTIES UniE%trEcted fund INCOMI AND ENDOWMENTS FROM Donatiort% aiid legacie5 207,109 Other incotne 22,684 Total 229,793 EXPLNDITUKL ON Raising funds 196.267 NC4T INCO,NIE 33,526 RECONCILIAI'ION OF FUNDS Total funds brought foTward 16.590 TOTAL FUNDS CARRIED FORWARD 50,116 Page 10 Continued...
SaiidTrvell Aqu#tit.% Club for the Ye14 1. Fndl 30 SciTrtL'tnl)ei" 2024 TOC.KS 30.9.24 30.9.23 Sw&in shop stock5 2.044 500 DEBTORS: AMOIINTS FALLING DUE WITIIIN ONE YEAR 30.9.24 30.9.23 Trade debtors Prepayments and accrued incoine 1,045 250 931 1,045 CREDITORS.. AMOUNTS FAI,I,INC. DUE WI"I'HIN ONL YEAR 30.9.24 30.9.23 Trade creditors Other credTto 32.788 24,288 32,787 24,288 MOVLMENT IN FUNDS Net movement in funds Ai 1.10.23 Ai 30.9.24 Unrestricted fuNds Genei•l fund 50.116 32,161 82,277 TOTAI. FUNDS 50.116 32.161 82,277 Net movement in fvnds, included in the above are as follow5.. Incorning resources Resources expended Movement in funds UDrestrÉcted fiinds Gencral fund 224,109 1191,9481 32,161 TOTAI, FUNDS 224,109 1191,9481 32,161 Pagell ontiniied...
Sanilwcll Aqu%ti¢$ Club Notc8 tts thc FriiiAncial Stateiiients- continued foi. the Year EndL'(130 Septeinbei. 2024 MOVEMENT IN FUNDS- ¢i)ntinu¢d .omp¥i'atives foj. mfiveellt in fiitlds Net Inoveinent At 1.10.22 At Uni'estricted fuaJ(Is Gtntral fuiid 16,590 33.526 50,116 I'OTAL FUNDS 16,590 33,526 50,116 Comparative net movement in funds, included the above aiE as follows.. Inix)ming resourccs Resource5 expended Movement ID fvnds Unrestricted fndS General fund 229.793 1196,267) 33,526 TOTAL FUNDS 229,793 1196.2671 33,526 A current y¢ar 12 months and prior year 12 Inonths combined position is as follows.. Net movement in funds At 1,10.22 At 30.9.24 Uttrestricted fund5 General fund 16.590 65,687 82,277 TOTAL FVNDS 16,590 65.687 82,277 A current year 12 months and prior year 12 Imonths ¢ombsn£d net Inovement in funds, included in the aEN)ve are follows.. Incorning resour¢es Resources expeiTrded Movement Unrcstricted funds General fuiid 453.902 {388,2151 65,687 TOI'AL FUNDS 453,902 1388,2151 Page 12 conlinLied...
Saiidwell AqiiaÉics Club Note% tts the 14jlJ%tLtial S(atetnett(s eoii(irtued foi. tlie Yellr bijded 30 Septeinber 21124 RI,:LA'I'fi D PARTY DISCI,OSIIRCS There were no related paTty ti?nsMctioiib for the year ended 30 Septetnbei" 2024. Pagc 13
S*ndwell Aqu#tii'& C.Itib DctxilL(1,gtatotnont of [iinaiiciAI Activities loj. Ilie Year F.iide(13O Septeniber 2U24 30.9.24 30.9.23 INCOMF. ANI) F.NDOWME4NTS I)onatioiis and legacies A8A Fecs Monthly fees Cirant% Donatioiislsponsor Open meets Club chainps Other income Bvcnts Mer¢haiidise .(Jurses Opcn waÉei' swimming 15,880 132,913 4,014 18,250 140,855 1,045 20 27.383 4,992 362 4.728 7,973 250 1.251 -52.392 6,159 965 5.965 4.676 1,035 224,109 207.109 Other income Exceptioiial iteins 22,684 TotAI incomirtg rtsourtts 224,109 229,793 EXPEIYDITURE R%ising doTrations and legacies Wagcs Social security Pensions Pool hi Coaches expenses ASA Fees Gala's Stock adjustment Mer¢haiidise Accountancy Otliei. expenses Open meets Club phonc Club charnp5 Web site Cou¢5 Events Land training Rccniitmenl expense 15,303 4,117 7,651 1,913 85,273 17,251 14,052 1.693 11,5441 8,071 846 1,321 28.023 108,549 19,897 14,564 1.238 561 9.661 750 1,285 19,237 8.918 960 1.256 5,830 4,265 1.300 .054 800 239 447 191,948 196.267 Total resour¢es expended 191,948 196,267 Nct income 32,161 33,526 ThTS pa¥¢ does not foiTh pait of the statutory fiiiancial stalcmtnts Page 14