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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 07667762 (England and Wales) REGISTERED CHARITY NUMBER: 1148907

Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2025

for

Guildford City Swimming Club

JMSolutions 48 Rothschild Drive Sarisbury Green Southampton Hampshire SO31 7NS

Guildford City Swimming Club

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 11
Report of the Independent Auditor 12 to 14
Statement of Financial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Cash Flow Statement 18
Notes to the Financial Statements 19 to 24
Detailed Statement of Financial Activities 25 to 26

Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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 Charity’s objects (“Objects”) are specifically restricted to the following:

(a) the promotion of community participation in healthy recreation for the benefit of the inhabitants of Guildford, its surrounding area and the general public, in particular by the provision of facilities for swimming; and

(b) the preservation of human life by the teaching of swimming, water safety, lifesaving and survival in water.

In the furtherance of the Objects:

(a) the Charity is committed to treating everyone equally within the context of its activity. This shall be, without limitation, regardless of sex, ethnic origin, religion, disability or political persuasion, on any grounds;

(b) the Charity shall implement Swim England's Equal Opportunities policy;

(c) the trustees continue to have regard to the Charity Commission's guidance on public benefit.

Significant activities

Affiliation to Swim England

The Charity shall be affiliated to Swim England through the Swim England South East Region, shall adopt and conform to the rules of Swim England and to such other bodies as the Charity may determine from time to time.

The business and affairs of the Charity shall at all times be conducted in accordance with the Swim England Laws and in particular:

(a) all competing members of the Charity shall be eligible competitors as defined in Swim England Laws;

(b) the Charity shall in accordance with Swim England Laws adopt the Swim England Child Safeguarding Policy and Procedures and shall recognise that the welfare of children is everyone’s responsibility and that all children and young people have a right to have fun, be safe and be protected from harm; and

(c) members of the Charity shall in accordance with Swim England Laws comply with the Swim England Child Safeguarding Policy and Procedures.

By virtue of the affiliation of the Charity to Swim England through Swim England South East Region, the Charity and all members of the Charity acknowledge that they are subject to the laws, rules and constitutions for the time being in force of:

(a) Swim England South East Region;

(b) Swim England (including, without limitation, the Swim England Handbook and Code of Ethics);

(c) British Swimming (including, without limitation, the British Swimming Anti-Doping Rules and Judicial Code (February 2009)); and

(d) FINA;

(together “the Governing Body Rules”).

In the event that there shall be any conflict between any of these Articles, or by-law of the Charity, any of the Governing Body Rules and the provisions of the Acts then the provisions of the Acts shall prevail.

VOLUNTEERS

The Trustees are indebted to the many volunteers who give their time and expertise to enable the Club to achieve its objectives.

Public benefit

The Trustees and the management committee have kept in mind the Charity Commission's guidance on public benefit and the objectives of the charity accord with this.

Page 1

Guildford City Swimming Club

Report of the Trustees

for the Year Ended 31 March 2025

STRATEGIC REPORT Achievements and performance Charitable activities

Competitive Swimming Highlights 1st April 2024 - 31st March 2025

COMPETITION RESULTS

British Championships & Olympic Trials 2024

GCSC: 18 qualifiers with 7 finals Surrey Uni: 11

Regional Championships 2024

82 (35 Youth & 47 Age Group): Top Club Points: GCSC: 1016, WDSC: 985, RTW Monson: 656 Medals: 38 Gold, 35 Silver & 33 Bronze

22 Surrey Uni swimmers: Points: 16th Ranked Club Medals: 3 Gold, 6 Silver & 5 Bronze

Regional Relays

GCSC: 2 Golds, 3 Silvers and 2 Bronze Surrey Uni: 1 Gold, 3 Silver & 1 Bronze

South East Region Open Water 2 x Gold, 1 x Silver & 1 x Bronze Best Fest: Nicole came 2nd in the Colonia Classic

Summer Nationals

British: GCSC British Nationals: 33 Qualifiers (6 Silver, 1 Bronze) English: Nationals: 12 (Additional 10 Uni) Welsh: Nationals: 2, Irish: Nationals: 1

Surrey Uni: 10 Qualifiers (1 Bronze)

Paris Olympics Matin Balsini finished 26th at the Paris 2024 Olympic Games

Paris Paralympics Mar Gunnarson 7th 100m Back (S11)

County Relays:

GCSC:14 Golds, 7 Silvers & 9 Bronze

Surrey Uni: 4 Golds, 2 Silver (20 possible golds)

Junior Arena League Final 2024 Guildford City won with an astonishing 282 points with CWSC on 212 and Basildon Phoenix 205

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Guildford City Swimming Club

Report of the Trustees

for the Year Ended 31 March 2025

South East Region Short Course:

GCSC 45 entries Open: 3 x Gold, 5 x Silver, 5 x Bronze Junior: 6 Gold, 13 Silver, 9 x Bronze

Surrey Uni 30 entries (Top Open Club) 2 x gold, 9 x silver, 6 x bronze

Winter Nationals 2024

133 swims GCSC 16 finals 7 Finals for Surrey Uni

Surrey Championships 2024

22 consecutive years as the top club Top Club, Top Male/Open Club, Top Female Club 2626.5 GCSC 767.5 Woking 577 Leatherhead

Surrey Uni 8th on 288

Senior Arena League National Champions GCSC 363 Repton 359 Mt Kelly 331 Back-to-Back Senior and Junior Arena League Champions.

Masters Surrey County Masters Championships (June 2024) 43 x County Individual Medals 6 x County Relay Medals

South East Region Masters Short Course Championships (Sept 2024) 3 x SE Region SC Medals (1 x gold, 1 x silver, 1 x bronze)

Swim England Masters National Championships (October 2024) 7 x National SC Medals (5 x gold, 1 x silver, 1 x bronze) Christina Victor: 50m FLY gold, 100m IM gold, 200m IM gold, 1500m FC silver Roger Billing: 50m BK gold, 100m BK gold, 100m IM bronze

Masters South East Regional Championships (January 2025) 8 x SE Regional LC Medals (4 x gold, 3 x silver, 1 x bronze + SE record) Paul Smoothy: 400m IM gold, 200m BR silver Heidi Dawley: 50m FC bronze

Sean North: 50m FC gold & a New South East Region Record for the 45/49 age group, 50m FLY silver, 100m FC silver Roger Billing: 50m BK gold, 100m BK gold

7 x Swim Wales National LC Medals (2 x golds, 5 x silvers) Paul Smoothy: 400m IM gold, 100m BR silver, 200m BR silver, 400m FC silver Christina Victor: 200m BR gold, 200m BK silver, 200m IM silver

Para World Series Andras Sensi at Para World Series 50m Free, 50m Butterfly & 100m Backstroke

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STAFF SELECTION & EDUCATION

Regional Development Camp Ben Rowett

Surrey County Development Coach Sam Tierney & Nick Brookes

Open Water County & Regional Coach Jo Tierney

Level 3 Performance Coaching Ben Rowett and Riaan Steyn

Level 3 Performance Coach enrolment Sergiu Chete

Iceland Paralympic Holding Camp Ivo Mandradzhiyski

Refugee Olympic Team Head Coach Lee Spindlow

ATHLETE PROGRAMME SELECTION:

Swim England Development Programmes: Ellen Calf, Charlie Calf, Charlie Clarke, Frederick Browne, Ella Silano, Cayla Wimble, Isla Ince, Heidi Corbett & Finlay Richardson. A Swim Wales: Tom Williams

Inter Counties: 11 Swimmers selected

Maddie M, Olivia H, Savannah S-J, Pranciskus B, Gisella S, Scarlett S, Frederick D, Amy H, Charlotte C, Charles C & Christian G.

Surrey County Camps: 13 Selected:

Andy L, Dujun H, Charlie G, Rory M, William B, Aila C, Alice S, Erin S, Kaede M, Maddie M, Olivia H, Scarlett K, Sophie K.

Swim England DiSE representation

Charles Clarke and Christian Gayle both represented Team England at the Swedish Grand Prix in Stockholm.

South East Region Camp (Luxembourg) - 7 swimmers selected Ellie Freeze, Matin Balsini, Holly Hopwood, Isla Ince, Chris Finch, Fabian Brudnicki and Alicia Massie

CLUB CULTURE DEVELOPMENT

Senior Club Captains Selected for their representation of Guildford City Values Christian Gayle & Emma Allatt-File

Vice Captains

Dylan Fuller, Tegan Matthews, Matin Balsini, Holly Hopwood, Alice Young

Junior Club Captains

Daniel Baker, Aila Colletta and Zara North

Coach journey

All three teams for final round of Arena league travelled by coach regardless of distance. This has helped encourage our key value of Teamwork.

Splash nights

Each term has finished with an exciting splash night at Spectrum for the Academy and Transition Squads. This has again acted to encourage younger swimmers to get to know each other and a chance to come together as a team.

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

Winchester Open Meet

Following member feedback we invited a group of swimmers to the Winchester Open Meet and integrated them into our Nationals Training protocol. This has increased the number of young people having the opportunity to train for longer into the season and at a higher level.

Sport Psychology

2024 - 25 saw the introduction of GCSC employing a Sport Psychologist. This has allowed our club culture to be communicated through squads while also developing a deeper understanding of what is takes to grow as a person.

Officials

We have worked extensively to recruit officials. We took 14 officials to the Windsor Open Meet. The most we have ever sent and the most Windsor have ever had from one club. Our Officials now meet socially, enjoy the training and are actively encouraging the next generation of GCSC officials.

Financial review

Principal funding sources

Review of Income and Expenditure for the year ended 31 Mar 2025

Total Income for the year amounted to £1,443,754, a decrease of £6 thousand on 2024. The principal funding sources are: membership income and training fees (£998 thousand); Coaching and Development fees charged for the Learn to Swim programme, camps, clinics and University of Surrey student training (£361 thousand); £51 thousand from GCSC Open meets.. Our income from Gift Aid was 3 thousand.

Total Expenditure of the Charity was £1,460 thousand, an increase of £23 thousand on 2024 with the main expenditure being the costs of coaching, teaching and administrative staff; and the hire of pool and land training facilities. Governance costs were £32 thousand (£31 thousand 2024).

Net Assets

The Charity's Net Assets at 31 March 2025 were £127 thousand. This represents an decrease of £17 thousand compared to 2024. Net Current Assets were £125 thousand and Fixed Assets £2 thousand.

Reserves policy

Financial Strategy and Reserves

In the absence of unforeseen circumstances, the Charity aims to increase reserves in the region of £30 thousand each year until it reaches the agreed reserves target set by the Trustees. The reserves target at 31 March 2025 was set at £250 thousand. The reserves target is set at a level where the Charity can continue to cover short term commitments should income from members suddenly cease.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The liability of the members is limited to a sum not exceeding £10 per member on winding up.

Recruitment and appointment of new trustees/directors

Following the identification of the present skills and expertise of the current Trustees, the desired additional skills required are identified and potential new Trustees are invited to submit a CV and a letter to the club administrator covering their suitability and experience. They then attend an interview with at least 3 Trustees and at least 4 members of the Management Team to determine suitability. Account will be taken of welfare issues etc.

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The directors shall be responsible for the management of the Charity, for which purpose they may exercise all the powers of the Charity, and they shall have the sole right of appointing and determining the terms and conditions of service of employees of the Charity, and of dismissing them. The directors shall appoint a Management Team which will comprise a minimum of 4 and up to 6 persons and shall act under delegated powers of the directors. The Management Team shall not be directors of the charity but will be members of the charity. The directors shall authorise the Management Team to be responsible for the day to day management of the charity. The directors shall not refuse to follow the recommendations of the Management Team unless there is good cause.

The directors shall be responsible for ensuring that the accounts of the Charity for each financial year be independently audited, such auditor to be appointed by the members in a general meeting.

The directors shall have the power to make regulations and to settle disputed points not otherwise provided for in the Articles of Association after recommendations by the Management Team. Any meeting of directors at which a quorum is present at the time the relevant decision is made, may exercise all the powers exercisable by the directors.

Subject to the Articles and any restriction imposed by the Companies Act or any special resolution, the directors, after recommendation by the Management Team, may change any rule about how they take decisions, and about how such rules are to be recorded or communicated to the members.

The directors shall be entitled to an indemnity out of the assets of the Charity for all expenses and other liabilities properly incurred by them in the management of the affairs of the Charity, to the extent permitted by sections 232 to 234 of the Companies Act.

The club administrator shall maintain an accident and incident record on behalf of the directors regarding club members at swimming related activities. Details of such accidents and incidents shall be reported to the relevant Swim England/insurance department. The Charity shall make an annual return to Swim England in the prescribed form. No alteration of the Articles or any special resolution shall have retrospective effect to invalidate any prior act of the directors.

CONFLICT OF INTEREST

A director must declare the nature and extent of any interest, direct or indirect, which he or she has in a proposed transaction or arrangement with the Charity or in any transaction or arrangement entered into by the Charity which has not previously been declared. A director must absent himself or herself from any discussions of the directors in which it is possible that a conflict will arise between his or her duty to act solely in the interests of the Charity and any personal interest (including but not limited to any personal financial interest).

If a conflict of interest arises for a director because of a duty of loyalty owed to another organisation or person and the conflict is not authorised by virtue of any other provision in the Articles, the unconflicted directors may authorise such a conflict of interest where the following conditions apply:

(a) the conflicted director is absent from the part of the meeting at which there is discussion of any arrangement or transaction affecting that other organisation or person;

(b) the conflicted director does not vote on any such matter and is not to be counted when considering whether a quorum of directors is present at the meeting; and

(c) the unconflicted directors consider it is in the interests of the Charity to authorise the conflict of interests in the circumstances applying.

In this Article a conflict of interest arising because of a duty of loyalty owed to another organisation or person only refers to such a conflict which does not involve a direct or indirect benefit of any nature to a director.

VALIDITY OF ACTS OF DIRECTORS

Subject to Article 13.2, all acts done by a meeting of directors shall be valid notwithstanding the participation in any vote of a director:

(a) who was disqualified from holding office;

(b) who had previously retired or who had been obliged by the constitution to vacate office;

(c) who was not entitled to vote on the matter, whether by reason of a conflict of interests or otherwise; if without:

(d) the vote of that director; and

(e) that director being counted in the quorum;

the decision has been made by a majority of the directors at a quorate meeting.

Article 13.1 does not permit a director or connected person to keep any benefit that may be conferred upon him or her by a resolution of the directors if, but for Article13.1, the resolution would have been void.

DISQUALIFICATION AND REMOVAL OF DIRECTORS

A director shall cease to hold office if he or she:

(a) ceases to be a director by virtue of any provision in the Companies Act or is prohibited by law from being a director;

(b) is disqualified from acting as a trustee by virtue of sections 178 and 179 of the Charities Act (or any statutory re-enactment or modification of that provision);

(c) ceases to be a member of the Charity or Swim England;

(d) has a bankruptcy order made against them and it remains undischarged, or they have entered into a voluntary arrangement with their creditors;

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

(e) becomes incapable by reason of mental disorder, illness or injury of managing and administering his or her own affairs;

(f) resigns as a director by notice to the Charity and such resignation has taken effect in accordance with its terms; or (g) is absent without the permission of the directors from all their meetings held within a period of six consecutive months and the directors resolve that his or her office be vacated.

MANAGEMENT TEAM

The Management Team shall be appointed by the directors and shall be at least 4 and up to 6 persons and shall act under delegated powers of the directors. The Management Team shall not be directors of the charity.

All members of the Management Team shall be employed members of the charity. The Management Team shall be balanced between membership/administration members and members who are coaches and whilst the charity maintains such positions the members of the Management Team shall include the Chief Coach who shall be the Management Team Chair and the Club Administrator who shall be the Management Team Secretary. Members of the Management Team shall not be related to each other.

Meetings of the Management Team, which can also be held by suitable electronic means, shall be held not less than once every month (save where the Management Team itself shall by a simple majority resolve not to meet), and the quorum of that meeting shall be at least 3 members of the Team to include either the Management Team Chair or Management Team Secretary.

The Chair shall have discretion to call further meetings of the Management Team if they consider it to be in the interests of the Charity. The Secretary shall give all the members of the Management Team not less than two days verbal or written notice of a meeting. Decisions of the Management Team shall be made by a simple majority (and in the event of equality of votes the Chair (or the acting Chair of that meeting) shall have a casting or additional vote.) Each Management Team member attending shall be entitled to one vote save for the Chair in the circumstance described above. The Secretary, or in his absence a member of the Management Team, shall take minutes and the Management Team shall ensure that the Charity keeps a record, in writing, for at least 10 years from the date of the decision recorded, of every unanimous decision or majority decision taken by the Management Team.

OFFICERS AND HONORARY MEMBERS

The Management Team may elect any person as an honorary member of the Charity (President, Vice-Presidents, Honorary Life Vice-President or other), for such period as it thinks fit and they shall be entitled to all the privileges of membership except that they shall not be entitled to vote at meetings and serve as directors or on the Management Team unless they fulfill the criteria set for such positions in the Articles and any such person is elected in addition to his ordinary membership of the Charity. Such honorary members must be included in the Charity’s register of members.

The Charity shall have a Welfare Officer who shall not be a director, the coach, any of the club teachers, coaches or team managers. The Welfare Officer must be not less than 18 years of age, should have an appropriate background for the role and should be prepared to undertake appropriate training as required by Swim England Child Protection Policy and Procedures. The directors shall invite the Welfare Officer to attend meetings of the directors and/or meetings of the Management Team, at the directors’ discretion, but the Welfare Officer shall not have the power to vote.

MINUTES

The Management Team, on behalf of the directors, must keep minutes of all:

(a) appointments of directors and Management Team members made by the Charity;

(b) proceedings at general meetings of the Charity;

(c) meetings of the directors including:

(i) the names of the directors present at the meeting;

(ii) the decisions made at the meetings; and

(iii) where appropriate the reasons for the decisions.

(d) Meetings of the Management Committee including:

(i) the names of those persons present at the meeting;

(ii) the decisions made at the meetings; and

(iii) where appropriate the reasons for the decisions.

ANNUAL GENERAL MEETING

The annual general meeting of the Charity shall be held each year on a date to be determined by the Management Team. The minimum notice required for the Annual General Meeting is 21 clear days The purpose of the annual general meeting is to transact the following business:

(a) to receive the Chair’s report of the activities of the Charity during the previous year;

(b) to receive and consider the accounts of the Charity for the previous year and the report on the accounts of the independent auditor and the Treasurer's report as to the financial position of the Charity;

(c) to remove and elect the auditor (who must not be a director or a connected person of a director) or confirm that he remain in office;

(d) to elect or re-elect the directors;

(e) to decide on any resolution which may be duly submitted in accordance with Article 18.2.5

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nominations for election of members to the Board of Trustees and Directors shall be made in writing by the proposer and seconder to the Secretary not less than 14 days and no more than 35 days before the date of the annual general meeting. The nominee shall be required to indicate in writing on the nomination form his willingness to stand for election. A member may be proposed for more than one office, but may not be elected or appointed to more than one.

ADMISSION OF MEMBERS

The Charity must keep a register of members as required by the Companies Act.

The membership of the Charity, by category, or in total, may not be limited other than by decision of the directors whose decision shall be determined by the availability of resources (principally water time), teachers and/or coaches.

All persons who assist in any way with the Charity’s activities shall become members of the Charity and hence of Swim England and the relevant Swim England Membership Fee shall be paid accordingly. Assisting with the Charity’s activities shall include, but not be restricted to, administrators, associate members, voluntary instructors, teachers and coaches, Management Team members, helpers, honorary members, life members, officers, patrons, Presidents, technical and non-technical officials, temporary members, Vice Presidents and verifiers or tutors of Swim England’s educational certificates. Paid instructors, teachers and coaches who are not members of the Charity must be members of a body which accepts that its members are bound by Swim England’s Code of Ethics, Swim England's Child Safeguarding Policy and Procedures and those parts of the Judicial Code and procedures necessary for their implementation and whilst engaged in activities under the jurisdiction of Swim England shall be subject to all the constraints and privileges of the Judicial Code.

Any person who wishes to become a member of the Charity must submit a signed application to the Secretary (and in the case of a junior swimmer the application must be signed by the swimmer’s parent or guardian). Election to membership shall be determined by the Membership Applications sub-committee but other person(s) authorised by the directors may make recommendation as to the applicants’ acceptability. The Membership Applications sub-committee shall be required to give reasons for the refusal of any application for membership. Any person refused membership may seek a review of this decision before a review panel appointed by the directors comprised of not less than three members (who may or may not be directors). The panel shall (wherever practicable) include one independent member nominated by Swim England through Swim England South East Region. The person refused membership shall be entitled to make representations to the Review Panel. The procedures for review shall be at the discretion of the Review Panel whose decision shall be final and binding.

The Charity shall not refuse an application for membership on discriminatory grounds, whether in relation to ethnic origin, age, sex, religion, disability, political persuasion or sexual orientation.

The Charity may refuse membership only for good and sufficient cause, such as conduct or character likely to bring the Charity or the sport of swimming into disrepute, or, if acting reasonably and properly, it is considered to be in the best interests of the Charity to refuse the application.

The membership of the Charity shall consist of:

(a) the directors for the time being;

(b) all employed staff;

(c) all adult members;

(d) all junior members;

(e) all persons who assist with the Charity's activities;

(f) any honorary members who become members of the Charity in accordance with Article 16.1. Membership shall not be transferable.

SUBSCRIPTION AND OTHER FEES

The annual member’s subscription and coaching fees (as applicable) shall be determined from time to time by the directors and the directors shall in so doing make special provision for different classes of membership as it shall determine.

The annual subscription, coaching, Swim England membership fee and entrance fee (if any) shall be due on joining the Charity and thereafter on such dates as determined by Swim England (for membership fees) or the Charity as determined by the Management Team . Parents of junior members shall be responsible for the fees applicable to the junior member.

Any member whose applicable fees remain unpaid by the date falling 30 days after the due date for payment may be suspended by the Management Team from some or all Charity activities from a date to be determined by the Management Team until such payment is made. In coming to a decision as to the suspension of a member under this Article, the Management Team shall follow the Charity's bursary policy and shall have the discretion to waive fees if they consider it to be in the best interests of the Charity or of a beneficiary of the Charity.

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The directors shall, from time to time, have the power to determine the annual membership subscription and other fees following consultation with the Management Team (and the directors shall not refuse to follow the recommendation of the Management Team unless for good cause) and shall have the power in special circumstances to remit the whole or part of the fees, including Swim England's membership fees, to address issues of social inclusion. This shall include the power to make such increase in the subscription and shall, where the Charity pays the individual Swim England membership fees to Swim England on behalf of members, be consequential upon an increase in individual Swim England membership fees. Any increase in subscriptions shall be advised to the members in writing with the reasons for any increase to be reported to the members at the next annual general meeting.

RESIGNATION

Membership is terminated if:

(a) the member dies, or, if it is an organisation, ceases to exist;

(b) the member gives to the Membership Administrator written notice of his resignation unless, after the resignation, there would be fewer than two members.

(c) a member’s applicable subscription fees are more than two months in arrears. The period for determining arrears shall commence from the date of the relevant subscription invoice, or the start of any club term, whichever is the later. Where the membership of a member shall be terminated in this way he shall be informed in writing that he is no longer a member.

No member of the Charity is entitled to any refund of applicable fees on ceasing to be a member for any reason. Swim England membership department shall be informed should a member resign when still owing money or goods to the Charity.

EXPULSION OR OTHER DISCIPLINARY ACTION

The directors, following consultation with the Management Team, shall have power to expel a member when, in their opinion, it would not be in the interests of the Charity for him to remain a member. The Charity in exercising this power shall comply with the provisions of the Articles.

The Charity shall adopt and comply with the Swim England Guidelines for handling internal disputes (“the Guidelines”) as the same may be revised from time to time.

Where a member is expelled by the directors under Article 10.1 the resolution removing the member may only be a) passed if the member has been given 21 days notice in writing of the meeting of the directors and Management Team at which the resolution will be proposed and the reasons why it is to be proposed and (b) the member or, at the option of the member, the member's representative,(who need not be a member of the Charity) has been allowed to make representation to the meeting. A member may not be permanently expelled unless the member has been temporarily suspended by the Management Team as under Article 10.4.

Where suspension is approved it shall take immediate effect and shall apply for the period specified. Where expulsion is approved the member shall cease to be a member with immediate effect in accordance with Article 10.5.

The Administrator or Head of Safeguarding, who shall be members of the Management Team, may temporarily suspend or exclude a member from particular training sessions and/or wider club activities, when in their opinion, such action is in the interests of the Charity. Where such action is taken the complaint will thereafter be dealt with in accordance with Swim England Laws and the provision of Article 10.6.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07667762 (England and Wales)

Registered Charity number 1148907

Registered office

c/o James Todd & Co Furzehall Farm 110 Wickham Road Fareham Hampshire PO16 7JH

Principal address

70 Connaught Road Aldershot Hampshire GU12 4RR

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

Trustees

Prof C R Victor J R Steele (Lawyer) A Wilson (Resigned 28 October 2025) M J Gayle (Global Director of Engineering) J M Swain FCCA (Appointed 22 December 2025) Senior Administrators Mrs J Smith Mrs E Simmons

Auditor

Hughes Waddell The White House 2 Meadrow Godalming Surrey GU7 3HN

Solicitors Charles Russell Speechlys LLP One London Square Cross Lanes Guildford GU1 1UN

COMMENCEMENT OF ACTIVITIES

The Charity acquired the assets and liabilities of the unincorporated body known as Guildford City Swimming Club on 1 April 2013.

Guildford City Swimming Club was originally established in 1889 and is now a Swim England SwimMark Performance Club and a Swim England National Performance Centre.

It is one of the largest and most successful swimming clubs in the country and operates from 7 different swimming pools, enjoying twin headquarters at both the Guildford Spectrum Leisure Centre and the University of Surrey / Surrey Sports Park 50m facility.

The membership covers a large geographical area including all of Surrey, and parts of Berkshire, Hampshire, Kent, Sussex & London.

The Club is managed by a Management Team with delegated powers from the Board of Trustees/Directors, and a professional staff of qualified coaches, teachers, and administrators. Head Coach Lee Spindlow and his team manage the University of Surrey Swimming Squads. The Club has over 700 active members and employs over 80 members of staff including one Swim England Level 4 Coach, two specialist strength & conditioning coaches plus a chartered physiotherapist and nutritionist and a psychology intern who deliver our unique training programme to international swimmers including Olympians and Paralympians all the way through to Learn to Swim youngsters.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Guildford City Swimming Club for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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Guildford City Swimming Club

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITOR

The auditors, Hughes Waddell, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 December 2025 and signed on the board's behalf by:

M J Gayle - Trustee

Page 11

Report of the Independent Auditor to the Members of Guildford City Swimming Club

Opinion

We have audited the financial statements of Guildford City Swimming Club (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 12

Report of the Independent Auditor to the Members of Guildford City Swimming Club

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We performed risk assessment procedures and obtained an understanding of the Charity and its environment, the applicable financial reporting framework, the applicable laws and regulations, the Charity's system of internal control and the fraud risk factors relevant to the Charity that affect the susceptibility of assertions to material misstatement due to fraud. We made enquiries with management regarding actual or suspected fraud, non-compliance with laws and regulations, potential litigation and claims. The engagement partner led a discussion among the audit team with particular emphasis on how and where the Charity's financial statements may be susceptible to material misstatement due to fraud, including how fraud might occur. The engagement partner assessed that the engagement team collectively had the appropriate competence and capability to identify or recognise non-compliance with laws and regulations. We considered the Charity Act 2011, UK Companies Act 2006 and UK GAAP as the key laws and regulations which non-compliance with could directly lead to material misstatement due to fraud at the financial statement level. We evaluated whether the selection and application of accounting policies by the Charity may be indicative of fraudulent financial reporting. Our audit procedures responsive to assessed risks of material misstatement due to fraud at the assertion level included but were not limited to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.

Page 13

Guildford City Swimming Club

Statement of Financial Activities

for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
5
Coaching & development
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Coaching & development
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.25
Unrestricted
fund
£
3,415
1,438,591
1,748
1,443,754
1,460,214
(16,460)
144,385
127,925		 31.3.24
Total
funds
£
3,528
1,445,379
1,496
1,450,403
1,437,924
12,479
131,906
144,385

The notes form part of these financial statements

Page 15

Guildford City Swimming Club

Balance Sheet 31 March 2025

31.3.25
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
2,061
CURRENT ASSETS
Stocks
13
200
Debtors
14
252,599
Cash at bank
389,606
642,405
CREDITORS
Amounts falling due within one year
15
(516,541)
NET CURRENT ASSETS
125,864
TOTAL ASSETS LESS CURRENT LIABILITIES
127,925
NET ASSETS/(LIABILITIES)
127,925
FUNDS
17
Unrestricted funds
127,925
TOTAL FUNDS
127,925		 31.3.24
Total
funds
£
3,153
455
200,734
449,991
651,180
(509,948)
141,232
144,385
144,385
144,385
144,385

The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2025 and were signed on its behalf by:

M J Gayle - Trustee

The notes form part of these financial statements

Page 16

Guildford City Swimming Club

Cash Flow Statement

for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Rounding
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 31.3.25
£
(60,662)
(60,662)
(1,930)
-
1,748
(182)
(60,844)
449,991
389,147		 31.3.24
£
50,528
50,528
(2,599)
(1)
1,496
(1,104)
49,424
400,567
449,991

The notes form part of these financial statements

Page 17

Guildford City Swimming Club

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1.
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.25
£
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
(16,460)
Adjustments for:
Depreciation charges
3,022
Interest received
(1,748)
Decrease/(increase) in stocks
255
(Increase)/decrease in debtors
(51,865)
Increase/(decrease) in creditors
6,134
Net cash (used in)/provided by operations
(60,662)
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.25
£
Notice deposits (less than 3 months)
389,606
Overdrafts included in bank loans and overdrafts falling due within one year
(459)
Total cash and cash equivalents
389,147
3.
ANALYSIS OF CHANGES IN NET FUNDS
31.3.24
£
12,479
3,679
(1,496)
(200)
57,180
(21,114)
50,528
31.3.24
£
449,991
-
449,991
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank 449,991 (60,385) 389,606
Bank overdraft - **(459) ** **(459) **
**449,991 ** (60,844) 389,147
Total **449,991 ** (60,844) 389,147

The notes form part of these financial statements

Page 18

Guildford City Swimming Club

Notes to the Financial Statements for the Year Ended 31 March 2025

1. PRESENTATION CURRENCY

The whole of this report is presented in GB pounds.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Where amounts received and receivable in the year relate to future periods they are carried forward as deferred income. Where amounts relating to the current period are received and receivable after the year end they are included as accrued income.

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.

Plant and machinery - 33% on cost Fixtures and fittings - 20% on cost

Tangible fixed assets are initially measured at cost. Cost is measured as the purchase price plus any additional costs incurred in bringing the asset into use in the charity's activities. Tangible fixed assets are subsequently measured at cost less any impairment.

Stocks

Stock comprises swimming badges not yet sold and vouchers for officials not yet used. These are valued at purchase price.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The financial instruments of the charity comprise financial assets, cash and financial liabilities.

Financial assets

The charity's financial assets comprise trade debtors. The accounting policy for trade debtors is described in the income accounting policy note.

Cash and cash equivalents

Cash and cash equivalents are balances held with banks.

Financial liabilities

Page 19

continued...

Guildford City Swimming Club

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments

The charity's financial liabilities include trade and other creditors. The accounting policy for trade and other creditors is described in the expenditure accounting policy note.

3. DONATIONS AND LEGACIES

Gift aid
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Membership/training fees
Coaching & development
Coaching and development
Coaching & development
GC Open meets
Coaching & development
Other GC activities
Coaching & development
Net commission from shop
Coaching & development
Other membership income
Coaching & development
6.
CHARITABLE ACTIVITIES COSTS
Coaching & development
7.
SUPPORT COSTS
Coaching & development
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets		 Direct
Costs
£
1,406,811
Management
£
**21,251 **		 31.3.25
£
3,415
31.3.25
£
1,748
31.3.25
£
998,160
361,643
51,781
23,004
3,653
350
1,438,591
Support
costs (see
note 7)
£
53,403
Governance
costs
£
32,152
31.3.25
£
6,000
3,022		 31.3.24
£
3,528
31.3.24
£
1,496
31.3.24
£
1,014,935
374,826
51,247
1,548
2,378
445
1,445,379
Totals
£
1,460,214
Totals
£
53,403
31.3.24
£
6,600
3,678

Page 20

continued...

Guildford City Swimming Club

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025.

Trustees' expenses

During the year trustees were reimbursed a total of £NIL (2024 - £NIL) by the Charity for various expenses such as travel, stationery, equipment and refreshments. Any expenses were properly incurred in connection with the Charity's activities.

10. STAFF COSTS

10. STAFF COSTS
31.3.25 31.3.24
£ £
Wages and salaries 804,403 804,744
Social security costs 57,594 49,299
Other pension costs **15,282 ** 15,644
877,279 869,687
The average monthly number of employees during the year was as follows:
31.3.25 31.3.24
Swimming coaches and teachers 74 69
Administration 2 2
76 71
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
31.3.25 31.3.24
£60,001 - £70,000 1 1
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,528
Charitable activities
Coaching & development 1,445,379
Investment income 1,496
Total 1,450,403
EXPENDITURE ON
Charitable activities
Coaching & development 1,437,924
NET INCOME 12,479
RECONCILIATION OF FUNDS
Total funds brought forward 131,906

Page 21

continued...

Guildford City Swimming Club

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2024
20,532
Additions
1,930
Disposals
(12,631)
At 31 March 2025
9,831
DEPRECIATION
At 1 April 2024
17,416
Charge for year
3,010
Eliminated on disposal
(12,631)
At 31 March 2025
7,795
NET BOOK VALUE
At 31 March 2025
2,036
At 31 March 2024
3,116
13.
STOCKS
Badges & vouchers stock
14.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Aggregate amounts		 Fixtures
and
fittings
£
225
-
(164)
61
188
12
(164)
36
25
37
31.3.25
£
200
31.3.25
£
223,586
673
28,040
252,299
300
252,599		 Unrestricted
fund
£
144,385
Totals
£
20,757
1,930
(12,795)
9,892
17,604
3,022
(12,795)
7,831
2,061
3,153
31.3.24
£
455
31.3.24
£
155,175
-
45,259
200,434
300
200,734		 Unrestricted
fund
£
144,385
Totals
£
20,757
1,930
(12,795)
9,892
17,604
3,022
(12,795)
7,831
2,061
3,153
31.3.24
£
455
31.3.24
£
155,175
-
45,259
200,434
300
200,734

Page 22

continued...

Guildford City Swimming Club

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
17.
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
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.24
£
144,385
144,385
Incoming
resources
£
1,443,754
1,443,754
At 1.4.23
£
131,906
131,906		 31.3.25
£
459
59,044
17,987
52,142
359,640
27,269
516,541
31.3.25
£
459
Net
movement
in funds
£
(16,460)
(16,460)
Resources
expended
£
(1,460,214)
(1,460,214)
Net
movement
in funds
£
12,479
12,479		 31.3.24
£
-
27,183
19,012
59,142
363,572
41,039
509,948
31.3.24
£
-
At
31.3.25
£
127,925
127,925
Movement
in funds
£
(16,460)
(16,460)
At
31.3.24
£
144,385
144,385

Page 23

continued...

Guildford City Swimming Club

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,450,403
1,450,403		 Resources
expended
£
(1,437,924)
(1,437,924)		 Movement
in funds
£
12,479
12,479

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.23
£
131,906
131,906		 Net
movement
in funds
£
(3,981)
(3,981)		 At
31.3.25
£
127,925
127,925

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
£
2,894,157
2,894,157		 Resources
expended
£
(2,898,138)
(2,898,138)		 Movement
in funds
£
(3,981)
(3,981)

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

19. ULTIMATE CONTROLLING PARTY

There is no controlling party over the company.

Page 24

Guildford City Swimming Club

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
Investment income
Deposit account interest
Charitable activities
Membership/training fees
Coaching and development
GC Open meets
Other GC activities
Net commission from shop
Other membership income
Total incoming resources
EXPENDITURE
Charitable activities
Coaching & teaching wages
Social security
Pension contributions
Sundries
Pool and training facilities
Administration wages
Social security
Coaches' passes
Relay team entries
Other gala expenses
Arena league final only
Coaches' expenses
Staff & Nationals kit costs
DBS/CRB checks
Land training
Staff education
Sports science
ASA fees (staff & officials)
Bad debts
Depreciation of tangible fixed assets
Support costs
Management
Insurance
Health insurance
Governance costs
Auditors' remuneration
Carried forward		 31.3.25
£
3,415
1,748
998,160
361,643
51,781
23,004
3,653
350
1,438,591
1,443,754
804,403
57,594
15,282
8,819
368,451
73,449
14,259
1,241
768
4,409
2,829
28,698
4,334
2,415
9,235
4,040
1,250
1,184
1,129
3,022
1,406,811
2,736
18,515
21,251
6,000
6,000		 31.3.24
£
3,528
1,496
1,014,935
374,826
51,247
1,548
2,378
445
1,445,379
1,450,403
804,744
49,299
15,644
5,125
373,863
71,740
13,930
1,770
1,050
2,065
3,768
28,161
5,258
2,430
5,383
3,898
2,000
1,260
(4,649)
3,679
1,390,418
1,790
14,178
15,968
6,600
6,600

This page does not form part of the statutory financial statements

Page 25

Guildford City Swimming Club

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Governance costs
Brought forward
Postage and stationery
Accountancy and legal fees
Management team expenses
Computing & websites
Conference room hire
Bank charges
Banners & artwork
Telephones & misc office exps
Total resources expended
Net (expenditure)/income		 31.3.25
£
6,000
2,121
8,443
3,000
5,060
3,222
152
2,919
1,235
32,152
1,460,214
**(16,460) **		 31.3.24
£
6,600
2,176
8,367
3,700
4,612
1,181
154
3,189
1,559
31,538
1,437,924
12,479

This page does not form part of the statutory financial statements

Page 26