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|CONTENTS|||PAGE|
|---|---|---|---|
|Trustees' report and statement|oftrustees'|responsibilities||
|Independent<br>examiner's<br>report|to the trustees|||
|Statement offinancial<br>activities||||
|Balance sheet||||
|Notes to the financial statements|||5-6|
|The following pages do|notform part|ofthe financial statements||
|Detailed statement<br>offinancial|activities|||





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|||2023|2022|
|---|---|---|---|
||Note|f|f|
|INCOME||231,235|226,170|
|Cost ofgenerating<br>income||202,601|211,462|
|Administrative<br>expenses||45,307|38,507|
|Other operating<br>income||3,993|4,521|
|NET INCOME/(DEFICIT)<br>FOR THE YEAR||(12,680}|(19,278}|
|RECONCILIATION<br>OF FUNDS||||
|Total funds brought<br>forward||58,988|78,266|
|Total funds carried forward||46,308|58,988|





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|||YEAR E|NDED 31|AUGUST 20|23|||
|---|---|---|---|---|---|---|---|
||||Note|2023||2022||
|FIXED ASSETS||||||||
|Tangible assets|||||10,238||12,353|
|CURRENT ASSETS||||||||
|Debtors||||34,821||35,127||
|Cash at bank and|in hand|||98,226||72,802||
|||||133,047||107,929||
|CREDITORS: Amounts||falling due within one|year|||||
|Creditors|||4|85,691||61,294||
|NET CURRENT ASSETS|||||47,356||46,635|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||57,594||58,988|
|CAPITAL AND RESERVES||||||||
|General funds|||||46,308||58,988|
|Specific funds|||||11,286|||
||||||57,594||58,988|





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|TANGIBLEASSETS|||
|---|---|---|
|||Equipment|
|||f|
|COST|||
|At 1September 2022||16,530|
|Additions|||
|At 31August 2023||16,530|
|DEPRECIATION|||
|At 1September 2022||4,177|
|Charge for the year<br>At 31August 2023||2,115<br>6,292|
|NET BOOK VALUE|||
|At 31August 2022||12,353|
|At 31August 2023||10,238|
|DEBTORS|2023|2022|
||E|f|
|Debtors|13,324|17,075|
|Other debtors and prepayments|21,497|18,052|
||34,821|35,127|



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||||YEAR ENDED 31AUGUST|2023|||
|---|---|---|---|---|---|---|
|4.|CREDITORS: Amounts||falling due within one year|2023|2022||
||||||f||
||Creditors|||||245|
||Payments|on account||1,802|1,136||
||Accruals|and deferred|income|83,889|59,913||
|||||85,691|61,294||
|S.|SPECIFIC|FUNDS|||||
||Hardship|fund||3,000|||
||Marketing|fund||2,669|||
||Disability|fund||5,617|||
|||||11,286|||





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||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|
|INCOME|||||||
|Squad fees|||96,243||97,410||
|Swim school|||71,583||71,277||
|Water polo income|||7,684||10,830||
|Gala income|||40,622||29,442||
|Membership<br>fees|||13,760||14,634||
|Swim shop income|||1,343||2,577||
|||||231,235||226,170|
|COSTS OF GENERATING|INCOME||||||
|Coaching fees|||104,715||104,362||
|Pool hire and land training|||86,459||97,113||
|Gala costs|||10,030||8,224||
|Water polo league and|competition|costs|110||40||
|Swim shop expenses|||1,287||1,723||
|||||202,601||211,462|
|GROSS SURPLUS||||28,634||14,708|
|||||12.4%||6.5%|
|OTHER INCOME|||||||
|Grants received|||1,167||817||
|Other income|||1,845||472||
|Donations/sponsorship|||||1,481||
|Gift aid|||789||1,699||
|Interest received|||192||52||
|||||3,993||4,521|
|OVERHEADS|||||||
|Away meet costs|||7,434||7,728||
|General gala costs|||6,783||481||
|Insurance|||959||627||
|Advertising|||||||
|Certs expenses|||729||1,197||
|CRB and DBSChecks|||122||96||
|Computer<br>expenses|||1,020||275||
|Subscriptions|||1,183||2,008||
|Administration<br>expenses|||24,362||23,291||
|Accountancy|||600||600||
|Depreciation|||2,115||2,204||
|||||45,307||38,507|
|NET DEFICIT/SURPLUS|||E|(12,680)|E|(19,278)|