REGISTERED CHARI NUMBER: 01153019 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 FOR ABERAVON SURF LIFE SAVING CLUB Graham Paul Limiled Court House Court Road Bridgend CF31 1BE
ABERAVON SURF LIFE SAVING CLUB CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 Page Report of the Trustees Independent Examiner's Raport statement of Financial Activities Balance Sheet Notes to the Financial Stat•m•nts 8 to 11 Detailed Statement of Flnanclal Activities 12 to 13
ABERAVON SURF LIFE SAVING CLUB REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 The trustees present their report with the financial statements of the charity for the period 1 January 2024 to 3 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102} (effertive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the charity are to advance the mental, physical and spiritual welfare of young people by promoting a schem8 of awards and their personal development. Signlft¢ant actlvltles In planning our activities for the year we kept in mind the Charity Comrnission's guldance on publlc benefit al our trustee rneetings. The focus of our activlties remains the NARS Beach Lifeguard Awards. NARS Level 1 & 2 Lifeguard Award, NARS Masters Surf Lifesaving Award, Nipper Beach Competence, TrainerlAssessor. ASA Awards & STA Awards. IRB Driver, Crew & Cox. This benefits young people by developing their s81f-confidence and social skills alongside practical actlvilles for all ages. We welcom8 all young people regardless of personal background, faith, gender or personal circumstances and we believe this philosophy of openness to all enriches everyone through the sharing of the skills, aptitudes and life experiences of our young people aged 7 to 18 as well as 18 to 70 years and all volunteers. A great contribution is made by member volunteers. We are grateful for the many hours volunteers have spent listening and encouraging our young people and working with our youth workers. Without Ihls valuable contribution of lime, energy and expertise we would not have been able to achieve so much. Any surplus funds which are not Ilkely to be needed to pay for acllvities are placed on deposil to eam interest.
ABERAVON SURF LIFE SAVING CLUB REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 ACHIEVEMENT AND PERFORMANCE Charitable activlties AutUTnnlWinter The club is in full swing after such a busy summer season on the beach, there is pool training taking place in The New Aberavon Leisure Centre, Aberavon Beach, Port Talbol on Monday and Wednesday evenings. These sessions last for 2 hours on a Monday, 2 hours on a Wednesday and are a mixture of learn to swim, NARS Lifeguard Theory & First Aid. We have rec8ntly run a S.T.A. Poolside Helper Course at the Aberavon Lifeguard Club Headquarters (Assistant Teachers S.T.A. Qualified) and are looking to quallfy all involved in the course to become fully qualified Swimrning Teachers. On Monday and Wednesday classes take place for the Learn to Swim and pass STA or ASA Awards. Training in the summer months move on Aberavon Beach al the clubhouse from the age of 5 years to 70 years of age for all participants to learn how to swim in the sea and use Malibu Rescue Boards. Surf Ski's and IRB Craft. The Iralning in the swimrning pool is also geared towards taklng part in the Surt Llfesavlng Associatlon of Wales Stillwater Championships, RLSS Sp8ed Championships and also the GB Stillwaler Championships and competitors continue to even compete at Inter.Nalional level both in the sea and in the pool. Isummer During the springlsummer months the main Iralnlng program moves to the beach with sessions on Thursday evening, Sunday morning for all age groups, Nippers, Juniors, Senior & Masters. Ongoing throughout the springlsummer months there are courses for First Ald, and there is a Junior and Nlpper Awards scheme. For sludents 16 and over we have National Vocational Breach Lifeguard Qualification INVBLQ) this qualification enables, candidates once qualified to gain employment as lifeguards during the summer months elther with the RNLI or with Local Authority on their controlled beaches. We 8ncouragg all our Nippers and Junlors to attend SLSA Wales's Youth Camp al St. Davld's, Pembroke, Wesl Wales, where they have valuable access to expert tuition in all skills on craft in the sea. Fundralsln We are always looking for ways to raise fijnds and our club members organises a New Year's Day Dip in the Sea (first swim of the new year) which brings in thousands of pounds each year. W8 have the benefits of Welsh Surf Lifesaving Championshlps and Nlpper Champlonshlps being held on our beach most years and our volunteer's sell food donated by our members and raffles which raises hundreds of pounds for our club which we are extremely grateful for. FINANCIAL REVIEW Principal funding sources Our main source of funds this year has been entran fees from the swimming pool. New Year's Day dip at Aberavon Beach and sa16 offood and raffle at the Welsh Championships. We offer free sesslons throughout the summer months at our headquarters on Aberavon seafront for all our members. We do not charge for sessions on the beach which in turn helps families who would otherwise struggle to meet the cost of subs or entrance fees. We have had small grants from Communities Trust to help us purchase equipment for our members. Because of unforeseen expenditure no investment is planned at this lime.
ABERAVON SURF LIFE SAVING CLUB REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 FINANCIAL REVIEW Resèrves policy At the balance sheet date the charity showed unreslricted funds of approximalely £65.000 of which approximately £42,000 were held in the bank account. These reserves are held for future planned activities and expected repairs requlred to be need8d for the main building in the current financial year. FUTURE PLANS In the coming year. we will see a continued emphasis on the NARS Awards, Beach Lifeguard. Levels 1 & 2, Nipper Compet8nce as well as other structured activities to build and deepen the confidence and capability of our young people. STRUCTURE, GOVERNANCE AND MANAGEMENT Govern5ng do¢ument The ¢harity is controlled by ils governing document, a deed of trust and constitutes an unincorporated charity. The constitution was adopted on 3rd June 2013 and th8 charity consists of approximately 200 members. Recruitment and appointment of new truslees Trustees are appointed or reappointed annually at the Annual Gener81 Meeting held in April. There is a child protection policy in place. Disclosure and Barring service checks are carried out prior to commencement of trusteeship. These checks are carried out again every years in line with slatulory requirements. Aberavon Surf Life Saving Club is a member of Surf Llfe Saving Association of Wales which provides helpful advice and opportuni118s for joint programmes, Aberavon Surf Life Saving Club is also partnered with the Local Authorlty, Surf Llfe Savlng Associatlon of Great Britain, Royal Life Saving Society and also Sport Wales, All trustees glve their time voluntarily and receive no remuneration or other benefits. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 01153019 Princlpal address Kinsale Princess Margaret Way Port Talbot Swansea SA12 6QW Trustees K J White H Worlh L Worth
ABERAVON SURF LIFE SAVING CLUB REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE Approved by order of the board of tru51ees on . H Worth - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABERAVON SURF LIFE SAVING CLUB Independent examiner's report to the trustees of Aberavon Surf Life Saving Club I report to the charity trustees on my examination of the accounts of Aberavon Surf Life Saving Club (the Trust) for the period 1 January 2024 to 3 May 2024. Responsibilities and basi$ of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements ofthe Charities Act 2011 ('the Act'i. I report In respect of my examination of the Trust's accounts carried out und8r Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(51{bl of the Act. Independent examlnerfs slatement I have completed my examination. I confirm that no material matters have come to my attention In connection with the examination giving me cause lo believe that in any material respect: accounting recards were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter consider8d as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order lo enable a proper understanding of the accounts to b8 reached. J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF311BE Date.. 2?2S
ABERAVON SURF LIFE SAVING CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 Period 1.1.24 to Year Ended 3.5.24 31.12.23 Unr8slricted fund Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4,832 8,758 Other trading aclivilies 21,629 40,611 Total 26,461 49,369 EXPENDITURE ON Charitable activities Lif8 saving and other activities 24,818 36,369 Other 8,315 8,668 Total 33,133 45,037 NET INCOMEIIEXPENDITUREI (6,672) 4,332 RECONCILIATION OF FUNDS Total funds brought fornard 71,548 67,216 TOTAL FUNDS CARRIED FORWARD 64,876 71,548 The notes form part of these financial statements
ABERAVON SURF LIFE SAVING CLUB BALANCE SHEET 3 MAY 2024 2024 Unrestricted fund Total funds 2023 Notes FIXED ASSETS Tangible assets 178,920 187,236 CURRENT ASSETS Stocks Debtors Cash at bank 2,435 440 188 43,021 41,699 44,134 43,649 CREDITORS Amounts falling due within one year (2,088) {1,188} NET CURRENT ASSETS 42,046 42.461 TOTAL ASSETS LESS CURRENT LIABILITIES 220,966 229.697 ACCRUALS AND DEFERRED INCOME (156,0901 {158,149) NET ASSETS 64,876 71,548 FUNDS Unrestricted funds 10 64,876 71,548 TOTAL FUNDS 64,876 71.548 The financial statements were approved by the Board of Trustees and authorised for issue on ! O nl ..Jwi& 2Q36.... and were signed on ils behalf by: tee K J White - Trustee The notes form part ofthese financial slatements
ABERAVON SURF LIFE SAVING CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slatemenls of the charity, which is a public benefit entity under FRS 102 . have been prepared in accordance with the Charities SORP IFRS 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 IFRS 102) (8ffective 1 January 20151, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expendllure as soon as Ihere Is a legal or conslructlve obllgation committing the charity to that expenditure, 11 Is probable that a transfer of economic benefits wlll be required in settlement and the amount of th8 abligalion 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 cosls cannot be direclly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble flxed assets Depreciation is provlded at the followlng annual rates In order to wrlte off each asset over Its estimated useful life, Freehold property Plant and machinery 2 /0 on cost 100/0 on reduclng balance Stocks Stocks are valued at the lower of c05t and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on its charitable aclivitles. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for partlcular restricted purposes withln the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslrlcled purposes. Further explanation of th8 nature and purpose of each fund is included in the notes to the financial statements.
ABERAVON SURF LIFE SAVING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 OTHER TRADING ACTIVITIES Period 1.1.24 to Year Ended 3.5.24 31.12.23 New Years day dip Membership Pool hire Shop Championships I ranking events Nipper camp Other income Government grants Food Awards & exams 1,818 4,210 10,143 151 460 3,517 6,845 17,383 847 1,745 2,342 1,371 4,942 1,211 408 793 2,059 1,995 21.629 40,611 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the perlod ended 3 May 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, 8xpenses paid for th6 period ended 3 May 2024 nor for the year ended 31 December 2023. INDEPENDENT EXAMINERS FEES Fees payable to the Independent Examiner wera £90012023'.£1,188). TANGIBLE FIXED ASSETS Fixtures and flllings Freehold property Plant and machinery Totals COST At 1 January 2024 and 3 May 2024 257,129 83,874 14,149 355,152 DEPRECIATION Al 1 January 2024 Charge for year 101,622 5,144 56,470 2,740 9,824 432 167,916 8,316 At 3 May 2024 106,766 59,210 10,256 176,232 NET BOOKVALUE At 3 May 2024 150.363 24,664 3,893 178.920 At 31 December 2023 155,507 27,404 4,325 187,236
ABERAVON SURF LIFE SAVING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 STOCKS 2024 2023 Stocks 2.435 440 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepaymenls 188 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 2.088 1,188 ACCRUALS AND DEFERRED INCOME 2024 2023 Deferred government grants 156,090 158,149 10. MOVEMENT IN FUNDS Net movement in funds At1.1.24 At 3.5.24 Unrestricted funds General fund 71,548 16,672) 64,876 TOTAL FUNDS 71.548 16,672) 64,876 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fvnd 26,461 (33,1331 (6,672) TOTAL FUNDS 26,461 (33,1331 (6,672) -10-
ABERAVON SURF LIFE SAVING CLUB NOTES TO THE FINANCIAL STATEMENTS - Gontinued FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 10. MOVEMENT IN FUNDS - continued Comparatlves for movement in funds Net movement in funds At 31.12.23 At1.1.23 Unrestricted funds General fund 67,216 4,332 71,548 TOTAL FUNDS 67.216 4,332 71,548 Comparative net movement in funds, included In the above are as follows- Incoming resources Resources expended Movement In funds Unr8strlcted funds General fund 49,369 (45,037) 4,332 TOTAL FUNDS 49,369 (45,037) 4,332 11. RELATED PARTY DISCLOSURES There were no related party transactlons for the perlod ended 3 May 2024.
ABERAVON SURF LIFE SAVING CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 Period 2024 lo Year Ended 31.12.23 3.5.24 INCOME AND ENDOWMENTS Donations and legacles Donations 4,832 8,758 Other trading actlvities New Year5 day dip Mernbership Pool hire Shop Championships I ranking events Nipper camp Other income Govemment grants Food Awards & exams 1,818 4,210 10,143 151 460 3,517 6,845 17,383 847 1,745 2,342 1,371 4,942 1,211 408 793 2,059 1,995 21,629 40.611 Total incomlng resources 26,461 49,369 EXPENDITURE Charltable activlties Rates and water Insurance Light and heat New Year's day dip Pool hire Shop Competitions SLSA Wales Equipment and maintenance Ranking events- Faod Nipper camp and bus Clothing Travel 176 5,880 2,831 927 12,612 3.810 215 1,871 2,145 351 2,584 100 168 502 293 2.923 1,908 16,949 722 23,297 33,670 other Freehold property Carried forward 5,143 5,143 5,143 5,143 This page does not form part of the statutory financial statements -12-
ABERAVON SURF LIFE SAVING CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2024 TO 3 MAY 2024 Period 2024 lo Year Ended 31.12.23 3,5.24 Other Brought forward Plant and machinery Fixtures and fittings 5,143 2,740 432 5,143 3,045 480 8,315 8,668 Support costs Flnance Accountancy 900 1,188 Other Telephone Sundrles 249 372 736 775 621 1,511 Total resources expended 33,133 45,037 Net (expendlture)Ilncome {6,672) 4,332 This page does not form part of the statutory financial stalemenls -13-
REGISTERED CHARITY NUMBER: 1208124 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 FOR ABERAVON SURF LIFE SAVING CLUB CIO Graham Paul Llmited Court House Court Road Bridgend CF311 BE
ABERAVON SURF LIFE SAVING CLUB CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Activltles Balance Sheet Notes lo the Flnancial Statements 8 to 11
ABERAVON SURF LIFE SAVING CLUB CIO REPORT OF THE TRUSTEES FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 The trustees present their report with the financial statements of the charlty for the period 3 May 2024 to 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Slalement of Recommanded Practice applicable to charities preparing their accounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objecllves and aims The objects of the charity are to save life by prevention or rescue and to promote the methods of surf life saving and first aid for resu5Cltation of the rescued in the ar8a of benefit. Signlficant actlvltles Voluntary teachlng of water safety and Ilfesaving to club members of all ages commenclng from five years of age. Encourage and voluntary ¢oach. club mernbers to partlclpate in lifesaving competitions at all levels. Voluntary leaching and organising for members, nationally recognised qualifications in various skills necessary to further the objects of the club. Provldlng water safety cover for communlty water based events locally and other parts of the UK whereby members can make use of their skills and experience in a worthwhile manner. Provlde free water safety advice to local schools and educational establlshments. Organise fund raising events and apply for grant funding to provide income and equipment lo further th8 voluntary activities of the club. Surplus income shall be placed on deposit lo earn interest. In planning our activities we shall keep In mind the Charity commlssion guldance on public benefit at the club's trustee meelings.
ABERAVON SURF LIFE SAVING CLUB CIO REPORT OF THE TRUSTEES FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities Autumnlwinter The club is in full swing after such a busy summer season on the bea¢h, Ihere is pool training taking place in Aberavon Leisure Centre. Aberavon Beach, Port Talbol on Monday and Wednesday evenlngs. Th8se s8ssions last for 2 hours on a Monday, 2 hours on a Wednesday and are a mixture of learn to swim. NARS Lifeguard Theory & First Aid. On Monday and Wednesday classes take place for the Learn to Swim and pass STA or ASA Awards. Training in the summer months move on Aberavon Beach at the clubhouse from the ago of 5 years and up for all participants to learn how to swim in the sea and use Malibu Rescue Boards, Surf Ski's and IRB Craft. The tralning in the swlmming pool Is also geared towards taking part in the Surf Lifesaving Association of Wales Stillwater Championships, RLSS Speed Championships and also the GB Stillwater Championships and competitors continue lo even compete at Inter-National level both in the sea and in the pool. Sprlnglsummer During the springlsummer months the main training program mov8S to the beach with sessions on Thursday evening, Sunday morning for all age groups. Nippers. Juniors, Senior & Masters. Ongoing throughout the springlsummer months there are courses for First Ald, and there is a Junior and Nlpper Awards scheme. For students 16 and over we have National Vocational Breach Lifeguard Qualification (NVBLQ). This qualification enables candldates. once qualified, lo gain employment as Ilfeguards during the summer months elther wilh the RNLI or with Local Authority on their controlled beaches. We encourage all our Nippers and Juniors to attend SLSA Wales's Youth Camp at St. David's, Pembroke, West Wales, where they have valuable access to expert tultion in all skills on craft in the sea Fundraising activities Fundraising We are always looking for way5 to raise funds and our club members organise a New Year's Day Dip Sn the Sea (first swim of the new year) which brings in thousands of pounds each year. We have the benefits of Welsh Surf Lifesaving Champ1onships and Nipper Champlonshlps being held on our beaGh most years and our volunteer's sell food donated by our membeTS and raffles which raises hundreds of pound5 for our club which we are extremely grateful for. FINANCIAL REVIEW Princlpal funding source5 Our maln source of funds this year ha5 been entrance fees from the swimming pool, salg of food and raffle at the Welsh Championships. We offer free sessions throughout the summer months at our headquarters on Aberavon seafront for all our members. We do not charge far sessions on the beach which in turn helps farnllies who would otherwise struggle to meet the cost of subs or entrance fees. We have had Small grants from Communilies Trust to help us purchase equipment for our members. Because of unforeseen expenditure no investment is planned at this time.
ABERAVON SURF LIFE SAVING CLUB CIO REPORT OF THE TRUSTEES FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 FINANCIAL REVIEW Reserves poll¢y At the balan¢e sheet date the charty showed unrestricted funds of approximately £55,000 of which approximately £41,000 were held in the bank account. These reserves are held for future planned activities and expected repairs required to be needed for the main building in the current financial year, FUTURE PLANS In the comlng year, we will see a continued emphasis on the NARS Awards, Beach Lifeguard, Levels 1&2, Nipper Competence as well as other structured activities to build and deepen the confidence and capability of our young people. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is conlrolled by Its governing document, a deed of trust and constitutes a Charitable Incorporated Organisalion (CIO). Re¢rultment and appointment of newtrustees Trustees are appointed or reappointed annually at the Annual General Meeting, There is a child protection policy in place. Disclosure and Barring seNlce checks are carried out prior to commencement of trusteeship, These checks are carried out again every years In Ilne with statutory requirement5. Aberavon Surf Llfe Saving Club CIO is a member of Surf Life SavSng Association of Wales whlGh provides helpful advice and opportunities for joint programmes. Aberavon Surf Life Saving Club CIO is also partnered with the Local Authority, Surf Life Saving Associatlon of Great Britain, Royal Life Saving Society and also Sport Wales. All trustees give their time voluntarily and receive no remuneration or other benefits REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1208124 Prlncipal address T Lang & Sons Graham Davies House Addison Road Port Talbot Neath Port Talbot SA12 6HZ Trustees Mrs E M Thomas (appointed 3.5.24) P B J Thomas (appointed 3.5.24} H Worth (appointed 3.5.241 A D Rees (appolnted 3.5.241
ABERAVON SURF LIFE SAVING CLUB CIO REPORT OF THE TRUSTEES FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 REFERENCE AND ADMINISTFIATIVE DETAILS Independent Examiner J E Payne ACA ICAEW Graham Paul Limited Court House Court Road Bridgend CF31 1BE Approved by order of the board of trustees on 10 ..J.UR..j&.. and signed on ils behalf by.. H Worth - Trust
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABERAVON SURF LIFE SAVING CLUB CIO Independent examiner's report to the trustees of Aberavon Surf Life Saving Club CIO I report to the charity trustees on my examination of the accounts of Aberavon Surf Life Saving Club CIO (the Trust) for the period 3 May 2024 to 31 December 2024. Responslbillties and basis of report As the charity trustee5 of the Trust you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have follow8d all applicable Directions glven by the Charity Commission under Section 145{5}(b) of the Act. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attentlon in connection with the examination giving me cause to believe that in any material respect., accounting records were not kept In respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records., or the accounts do not comply with the applicable requlrements concerning the form and content of accounts set out in the Charltles {Accounts and Reports) Regulallons 2008 other than any requirement that the accounls glve a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and hav8 come across no olher matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to b8 reached. J E Payne ACA ICAEW Graham Paul Limited Court House Court Road Bridgend CF31 1BE Date.. Its1202
ABERAVON SURF LIFE SAVING CLUB CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 Unrestricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,691 Other trading aGtivities Transfer of activities to CIO 33,279 64,876 Total 99,846 EXPENDITURE ON Charitable activitles Life saving & other aclivites 37,244 Other 7,179 Total 44,423 NET INCOME 55,423 TOTAL FUNDS CARRIED FORWARD 55,423 The notes form part of these financial statements
ABERAVON SURF LIFE SAVING CLUB CIO BALANCE SHEET 31 DECEMBER 2024 Unrestricted funds Notes FIXED ASSETS Tangible assets 173,587 CURRENT ASSETS Stocks Debtors Cash at bank 1,806 225 40,798 42,829 CREDITORS Amounts falllng due within one year {7,785} NET CURRENT ASSETS 35,044 TOTAL ASSETS LESS CURRENT LIABILITIES 208,631 ACCRUALS AND DEFERRED INCOME 10 {153,2081 NET ASSETS 55.423 FUNDS Unrestricted funds 55,423 TOTAL FUNDS 55,423 The flnancial slalements were approved by the Board of Trustees and authorised for issue on ioTr .TLWF...2o.S.. and were signed on its behalf by: stee The notes form part of Ihese financial statements
ABERAVON SURF LIFE SAVING CLUB CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP (FRS 102) 'Accounling and Reporting by Charities- statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income 15 recognised in the Statement of Financ181 Activities once Ihe charity has 8nlltlemenl to the funds, It Is probable that the income will be recelved and the amount can be measured reliably. Expenditure Liabilities are recogni5ed 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 b8 directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates In order to write off each asset over ils estimated U8eful life. Freehold property Plant and machinery Fixtures and fittings 2% oncost 100/0 on reducing balance 100/0 on reducing balance Stocks stocks are valued at the lower of cost and net realisable value, after making due allowance for obso18t8 and slow moving items. Taxation The charity is exempl from tax on its charltable aclivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectlV8s al the discretion of lh8 trustees. Restricted funds can only be used for partlcular restricted purposes wilhln the objects of the charity. Restrictions arise when specitled by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial statements.
ABERAVON SURF LIFE SAVING CLUB CIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 DONATIONS AND LEGACIES Donations 1,691 OTHER TRADING ACTIVITIES Fundraising events Shop income Sponsorships Entry fees Standing order Pool - Cash Membership Awards Governmeni grants Mlscellaneous Income 8,782 229 1,109 505 13,620 2,016 3,700 79 2,883 356 33,279 TRANSFER OF ACTIVITIES TO CIO Transfer of assets to CIO 64,876 On 0310512024 the assets and Ilabililies of Ab8ravon Surf Life Saving Club, an unincorporated charity, were transferred to the Charitable Incorporated Organisalion (CIO), which was establlshed to continue th6 charitable activities under a corporal8 slruclure. The transfer has been treated as a gift of net assets in accordance with FRS 102. as a merger of charitable activities without consid8ration. The Iransfer is recognlsed as part of the charity's incoming resources. The assets transferred Included total assets with a carrying value of £223,055, consisting primarily of cash, debtors. and fixed assets. The liabilities were £158,179, consisting of creditors and other As a result, the nel assets received by the CIO were valued al £64,876, which has been recognised as incoming resources in the Statement of Financial Activities. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits lor the period ended 31 December 2024. Trustees. expenses There were no trustees, expenses paid for the period ended 31 December 2024.
ABERAVON SURF LIFE SAVING CLUB CIO NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Totsls COST At 3 May 2024 and 31 December 2024 257,129 83,874 14,149 355,152 DEPRECIATION Al 3 May 2024 Charge for year 106,765 3,428 59.210 1,644 10,259 259 176,234 5,331 At 31 December 2024 110,193 60.854 10,518 181,565 NET BOOK VALUE At 31 December 2024 146,936 23,020 3,631 173,587 STOCKS Stocks 1,806 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayrnenls 225 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other credltors 5,624 2,161 7,785 10. ACCRUALS AND DEFERRED INCOME Deferred governmenl grants 153,208 11. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 Unrestricted funds General fund 55,423 55,423 TOTAL FUNDS 55,423 55,423 -10-
ABERAVON SURF LIFE SAVING CLUB CIO NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE PERIOD 3 MAY 2024 TO 31 DECEMBER 2024 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as fo15ows'. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 99,846 {44,423) 55,423 TOTAL FUNDS 99,846 {44,423) 55,423 12. RELATED PARTY DISCLOSURES There were no related party transactions for the period ended 31 Dec8mber 2024. 13. INDEPENDENT EXAMINER FEES Fees payable to the Independent examiner were £1,260 -11-