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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1157762

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE SURF LIFE SAVING ASSOCIATION OF WALES

Graham Paul Limited Court House Court Road Bridgend CF31 1BE

THE SURF LIFE SAVING ASSOCIATION OF WALES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
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THE SURF LIFE SAVING ASSOCIATION OF WALES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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

To save lives on all beaches in Wales in particular but not exclusively by:

  1. Promoting, improving and controlling the work of beach life saving, resuscitation and first aid.

  2. Developing and improving national and international standards of life saving.

  3. Developing and improving beach life saving methods and equipment.

  4. Establishing and maintaining national and international life saving qualifications.

  5. Co-operating with all organisations with similar aims.

To help young people , especially but not exclusively through providing the facilities for young people to participate in organised life saving as a voluntary vital public service and to take part in beach and water sports, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.

Significant activities

The focus of the activities we teach on a voluntary basis from the ages of 7 years to 70 years of age with Lifesaving and First Aid our focus.

Beach Awards

Pool Based Awards

Nipper Camp is going ahead this year (2023) for the first time since the Covid Pandemic shut all activities down. The Nipper & Youth Camps will be held at Celtic Camping Farm, in St.Davids, West Wales with over 300 Nippers (8-11 years) and Youth Camp (12-14 years) all of which will be completing competency awards and learning valuable Lifesaving skills in how to look after themselves and others in the sea and pools.

FINANCIAL REVIEW

Reserves policy

At the balance sheet date the charity showed unrestricted funds of approximately £112,000 of which £78,005 were held in the charity's bank account.

These reserves are held for future planned activities. The board of trustees are currently in the process of formulating an appropriate reserves policy for the charity.

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THE SURF LIFE SAVING ASSOCIATION OF WALES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

FUTURE PLANS

In the coming year we will see a continued emphasis on the Beach Lifesaving and Lifeguard Awards, Nipper Awards and other structured activities to build and deepen the confidence and capability of our young people.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.

This report has been prepared with due regard to guidance published by the Charities Commission on public benefit.

Recruitment and appointment of new trustees

Trustees are appointed or reappointed annually at the Annual General Meeting held in March.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1157762

Principal address

Kinsale Princess Margaret Way Port Talbot Neath Port Talbot SA12 6QW

Trustees

P B J Thomas Mrs E M Thomas P Lake M Allen Ms A Pennell P Rees C Parry S Perry Ms J Pitt

Independent Examiner

J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE

Approved by order of the board of trustees on 29 March 2023 and signed on its behalf by:

P B J Thomas - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SURF LIFE SAVING ASSOCIATION OF WALES

Independent examiner's report to the trustees of The Surf Life Saving Association of Wales

I report to the charity trustees on my examination of the accounts of The Surf Life Saving Association of Wales (the Trust) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 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 followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 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 considered 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 to enable a proper understanding of the accounts to be reached.

J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE

29 March 2023

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THE SURF LIFE SAVING ASSOCIATION OF WALES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Other trading activities
2
80,890
EXPENDITURE ON
Charitable activities
3
Life saving and other activities
94,856
NET INCOME/(EXPENDITURE)
(13,966)
RECONCILIATION OF FUNDS
Total funds brought forward
126,378
TOTAL FUNDS CARRIED FORWARD
112,412		 2021
Total
funds
£
39,004
55,530
(16,526)
142,904
126,378

The notes form part of these financial statements

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THE SURF LIFE SAVING ASSOCIATION OF WALES

BALANCE SHEET 31 DECEMBER 2022

2022
Unrestricted
fund
Notes
£
FIXED ASSETS
Intangible assets
7
12,000
Tangible assets
8
7,441
19,441
CURRENT ASSETS
Debtors
9
16,586
Cash at bank
78,005
94,591
CREDITORS
Amounts falling due within one year
10
(1,620)
NET CURRENT ASSETS
92,971
TOTAL ASSETS LESS CURRENT
LIABILITIES
112,412
NET ASSETS
112,412
FUNDS
11
Unrestricted funds
112,412
TOTAL FUNDS
112,412		 2021
Total
funds
£
-
14,255
14,255
15,351
98,332
113,683
(1,560)
112,123
126,378
126,378
126,378
126,378

The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2023 and were signed on its behalf by:

P B J Thomas - Trustee

The notes form part of these financial statements

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THE SURF LIFE SAVING ASSOCIATION OF WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. 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 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 2015)' 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.

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 - 15% on cost Motor vehicles - 20% on cost

Taxation

The charity is exempt from tax on its charitable activities.

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 particular restricted purposes within the objects of the charity. Restrictions arise when specified 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.

continued...

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THE SURF LIFE SAVING ASSOCIATION OF WALES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

2. OTHER TRADING ACTIVITIES

Membership
Technical commission
Championships / ranking events
Other income
Grants receivable
CHARITABLE ACTIVITIES COSTS
Life saving and other activities
SUPPORT COSTS
Life saving and other activities		 2022
£
34,248
10,754
16,968
16,920
2,000
80,890
Support
Direct
costs (see
Costs
note 4)
£
£
92,632
2,224
Governance
Finance
costs
£
£
40
2,184		 2021
£
10,425
350
11,791
11,438
5,000
39,004
Totals
£
94,856
Totals
£
2,224

3. CHARITABLE ACTIVITIES COSTS

4.

Included in support costs are Independent Examiners fees payable of £1,620 (2021: £1,560).

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

During the year ended 31 December 2021 there were expenses paid to three of the trustees for reimbursement of expenses incurred wholly and exclusively in relation to charitable activities totalling £11,319 (2021: £7,005).

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Other trading activities 39,004
EXPENDITURE ON
Charitable activities
Life saving and other activities 55,530
NET INCOME/(EXPENDITURE) (16,526)

continued...

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THE SURF LIFE SAVING ASSOCIATION OF WALES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
INTANGIBLE FIXED ASSETS
COST
Additions
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
8.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2022
67,081
Additions
1,328
At 31 December 2022
68,409
DEPRECIATION
At 1 January 2022
58,332
Charge for year
3,423
At 31 December 2022
61,755
NET BOOK VALUE
At 31 December 2022
6,654
At 31 December 2021
8,749		 Unrestricted
fund
£
142,904
126,378
Computer
software
£
12,000
12,000
-
Motor
vehicles
Totals
£
£
23,595
90,676
-
1,328
23,595
92,004
18,089
76,421
4,719
8,142
22,808
84,563
787
7,441
5,506
14,255

continued...

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THE SURF LIFE SAVING ASSOCIATION OF WALES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
At 1.1.22
£
Unrestricted funds
General fund
126,378
TOTAL FUNDS
126,378
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
80,890
TOTAL FUNDS
80,890
Comparatives for movement in funds
At 1.1.21
£
Unrestricted funds
General fund
142,904
TOTAL FUNDS
142,904		 2022
2021
£
£
16,586
15,351
2022
2021
£
£
1,620
1,560
Net
movement
At
in funds
31.12.22
£
£
(13,966)
112,412
(13,966)
112,412
Resources
Movement
expended
in funds
£
£
(94,856)
(13,966)
(94,856)
(13,966)
Net
movement
At
in funds
31.12.21
£
£
(16,526)
126,378
(16,526)
126,378

continued...

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THE SURF LIFE SAVING ASSOCIATION OF WALES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

11. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 39,004 (55,530) (16,526)
TOTAL FUNDS 39,004 (55,530) (16,526)

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

Net
movement At
At 1.1.21 in funds 31.12.22
£ £ £
Unrestricted funds
General fund 142,904 (30,492) 112,412
TOTAL FUNDS 142,904 (30,492) 112,412

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 119,894 (150,386) (30,492)
TOTAL FUNDS 119,894 (150,386) (30,492)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

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