**REGISTERED CHARITY NUMBER: 1157762**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 2023**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
**----- End of picture text -----**
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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
- Nipper Beach and Water Safety Awards, Level 1- 7-9 years old, Level 2 - 9-10 years old, Level 3 - 11-13 years old. - Nipper Competence Awards, Levels 1,2,3,4.
- Nipper Life Supports Awards, Level 1,2,3 up to 13 years old.
- Nipper First Aid Awards, Level 1,2,3.
## Pool Based Awards
- Water Safety Awards Pool Levels 1,2,3,4,5, & 6. These are all International Lifesaving approved awards.
- For all candidates over 16yrs - NVBLQ (National Vocational Beach Lifeguard) Awards - Level 1 - 12-13 years, Level 2 - 13 - 14 years & Level 3 - 16 years to 70 years of age.
- Racing Ski Competence, Emergency Air 1,2 & 3, Emergency Responder, IRB Driver, IRB Cox, Master Surf Lifesaver Award, Trainer/Assessor Tutor Awards.
The Nipper & Youth Camps are 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 £85,000 of which £54,735 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.
-1-
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 (resigned 31.1.23) Ms A Pennell P Rees (resigned 29.3.23) C Parry S Perry Ms J Pitt H Murray
## **Independent Examiner**
J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE
-2-
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
Approved by order of the board of trustees on 27 March 2024 and signed on its behalf by:
P B J Thomas - Trustee
-3-
## **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 2023.
## **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
3. 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
27 March 2024
-4-
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,515
Other trading activities
2
114,367
**Total**
116,882
**EXPENDITURE ON**
**Charitable activities**
3
Life saving and other activities
144,495
**NET INCOME/(EXPENDITURE)**
(27,613)
**RECONCILIATION OF FUNDS**
Total funds brought forward
112,412
**TOTAL FUNDS CARRIED FORWARD**
84,799|2022
Total
funds
£
-
80,890
80,890
94,856
(13,966)
126,378
112,412|
|---|---|
The notes form part of these financial statements
-5-
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **BALANCE SHEET 31 DECEMBER 2023**
|2023
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Intangible assets
7
20,400
Tangible assets
8
4,501
24,901
**CURRENT ASSETS**
Debtors
9
6,963
Cash at bank
54,735
61,698
**CREDITORS**
Amounts falling due within one year
10
(1,800)
**NET CURRENT ASSETS**
59,898
**TOTAL ASSETS LESS CURRENT LIABILITIES**
84,799
**NET ASSETS**
84,799
**FUNDS**
11
Unrestricted funds
84,799
**TOTAL FUNDS**
84,799|2022
Total
funds
£
12,000
7,441
19,441
16,586
78,005
94,591
(1,620)
92,971
112,412
112,412
112,412
112,412|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2024 and were signed on its behalf by:
P B J Thomas - Trustee
The notes form part of these financial statements
-6-
**THE SURF LIFE SAVING ASSOCIATION OF WALES**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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.
## **Intangible fixed assets**
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer software - 20% on cost
## **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...
-7-
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2. OTHER TRADING ACTIVITIES**
|Membership
Technical commission
Championships / ranking events
Nipper & Youth camp
Other income
Grants receivable
**CHARITABLE ACTIVITIES COSTS**
Life saving and other activities
**SUPPORT COSTS**
Life saving and other activities|2023
£
52,128
7,714
23,216
22,008
9,301
-
114,367
Support
Direct
costs (see
Costs
note 4)
£
£
142,017
2,478
Governance
Finance
costs
£
£
101
2,377|2022
£
34,248
10,754
16,968
-
16,920
2,000|
|---|---|---|
|||80,890|
|||Totals
£
144,495|
|||Totals
£
2,478|
## **3. CHARITABLE ACTIVITIES COSTS**
## **4.**
Included in support costs are Independent Examiners fees payable of £1,800 (2022: £1,620).
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
During the year ended 31 December 2023 there were expenses paid to three of the trustees for reimbursement of expenses incurred wholly and exclusively in relation to charitable activities totalling £9,227 (2022: £11,319).
-8-
continued...
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|
|||Unrestricted|
|||fund|
|||£|
||**INCOME AND ENDOWMENTS FROM**||
||Other trading activities|80,890|
||**EXPENDITURE ON**||
||**Charitable activities**||
||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|
|**7.**|**INTANGIBLE FIXED ASSETS**||
|||Computer|
|||software|
|||£|
||**COST**||
||At 1 January 2023|12,000|
||Additions|12,000|
||At 31 December 2023|24,000|
||**AMORTISATION**||
||Charge for year|3,600|
||**NET BOOK VALUE**||
||At 31 December 2023|20,400|
||At 31 December 2022|12,000|
-9-
continued...
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
|**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2023 and 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 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**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Plant and
machinery
£
68,409
61,755
2,153
63,908
4,501
6,654
At 1.1.23
£
112,412
112,412|Motor
vehicles
£
23,595
22,808
787
23,595
-
787
2023
£
6,963
2023
£
1,800
Net
movement
in funds
£
(27,613)
(27,613)|Totals
£
92,004
84,563
2,940
87,503
4,501
7,441
2022
£
16,586
2022
£
1,620
At
31.12.23
£
84,799|Totals
£
92,004|Totals
£
92,004|
|---|---|---|---|---|---|
|||||84,563
2,940||
|||||87,503||
|||||4,501||
|||||7,441||
|||||2022
£
16,586||
||||||2022
£
1,620|
||||84,799|||
-10-
continued...
**THE SURF LIFE SAVING ASSOCIATION OF WALES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|116,882|(144,495)|(27,613)|
|**TOTAL FUNDS**|116,882|(144,495)|(27,613)|
|**Comparatives for movement in funds**||||
|||Net||
|||movement|At|
||At 1.1.22|in funds|31.12.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|126,378|(13,966)|112,412|
|**TOTAL FUNDS**|126,378|(13,966)|112,412|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|80,890|(94,856)|(13,966)|
|**TOTAL FUNDS**|80,890|(94,856)|(13,966)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
126,378
126,378|Net
movement
in funds
£
(41,579)
(41,579)|At
31.12.23
£
84,799|
|---|---|---|---|
||||84,799|
-11-
continued...
## **THE SURF LIFE SAVING ASSOCIATION OF WALES**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
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
Movement
resources
expended
in funds
£
£
£
197,772
(239,351)
(41,579)
197,772
(239,351)
(41,579)|
|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
-12-