co REGISTERED CHARITY NUMBER: 1157762 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE SURF LIFE SAVING ASSOCIATION OF WALES Graham Paul Limited Court House Court Road Bridgend CF31 1 BE
THE SURF LIFE SAVING ASSOCIATION OF WALES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 12
THE SURF LIFE SAVING ASSOCIATION OF WALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 20191. 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 811 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 activilies 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 Safely Awards Pool Levels 1,2,3,4,5, & 6. These are all International Lifesaving approved awards. For all candidales 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 ofage. Racing Ski Competence, Emergency Air 1,2 & 3, Emergency Responder, IRB Driver, IRB Cox, Master Surf Lifesaver Award, TrainerlAssessor Tutor Awards. The Nipper & Youth Camps are held at Cellic 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 Resenies policy At the balance sheet date the charity showed unrestricted funds of approximately £50,000 of which £39,008 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.
THE SURF LIFE SAVING ASSOCIATION OF WALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 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 2nd 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 Ms A Pennell C Parry S Perry MsJPitt H Murray Independent Examiner J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 18E
THE SURF LIFE SAVING ASSOCIATION OF WALES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of the board of trustees on 30 April 2025 and signed on its behalf by.. //. c//
?Tr2J . P B J Thomas - Trustee
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 2024. 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. 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(5llbl 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.. 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 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 30 April 2025
THE SURF LIFE SAVING ASSOCIATION OF WALES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 965 15 Other trading activities 111,434 116,867 Total 112,399 116,882 EXPENDITURE ON Charitable activities Life saving and other activities 148,426 144,495 NET INCOMEI{EXPENDITURE {36,027) (27,613) RECONCILIATION OF FUNDS Total funds brought forward 84,799 112,412 TOTAL FUNDS CARRIED FORWARD 48,772 84,799 The notes form part of these financial statements
THE SURF LIFE SAVING ASSOCIATION OF WALES BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Intangible assets Tangible assets 15,600 2,333 20,400 4,501 17,933 24,901 CURRENT ASSETS Debtors Cash at bank 7,493 39,008 6,963 54,735 46,501 61,698 CREDITORS Amounts falling due within one year 10 115,662) {1 ,8001 NET CURRENT ASSETS 30,839 59,898 TOTAL ASSETS LESS CURRENT LIABILITIES 48,772 84,799 NET ASSETS 48,772 84,799 FUNDS Unrestricted funds 48,772 84,799 TOTAL FUNDS 48,772 84,799 The financial statements were approved by the Board of Trustees and authorised for issue on 30 April 2025 and were signed on its behalf by.. P B J Thomas - Trustee The notes form part of these financial statements
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit enlity 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 IFRS 102) (effective 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 Ihat 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 sofvare - 20 /0 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 Motor vehicles 200/9 on cost Taxatlon 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...
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER TRADING ACTIVITIES 2024 2023 Membership Technical commission Championships I ranking events Nipper & Youth camp Other income Grants receivable 40,225 7,586 26,897 24,300 12,426 52,128 7,714 23,216 22,008 9,301 2,500 111,434 116,867 CHARITABLE ACTIVITIES COSTS Support costs (see note 41 Direct Costs Totals Life saving and other activities 144,319 4,107 148,426 SUPPORT COSTS Governance costs Finance Totals Life saving and other activities 1,259 2,848 4,107 Included in support costs are Independent Examiners fees payable of £1,89012023: £1,800). TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses During the year ended 31 December 2024 there were expenses paid to six of the trustees for reimbursement of expenses incurred wholly and exclusively in relation to charitable activities lotalling £11,502 (2023.. £g,227}. continued...
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 15 Other trading activities 116,867 Total 116,882 EXPENDITURE ON Charitable activities Life saving and other activities 144,495 NET INCOMEI{EXPENDITURE) {27,6131 RECONCILIATION OF FUNDS Total funds brought forward 112,412 TOTAL FUNDS CARRIED FORWARD 84,799 INTANGIBLE FIXED ASSETS Computer sofvare COST At 1 January 2024 and 31 December 2024 24,000 AMORTISATION At 1 January 2024 Charge for year 3,600 4,800 At 31 December 2024 8,400 NET BOOK VALUE At 31 December 2024 15,600 At 31 December 2023 20,400 continued...
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Totals COST At 1 January 2024 and 31 December 2024 68,409 23,595 92,004 DEPRECIATION At 1 January 2024 Charge for year 63,908 2,168 23,595 87,503 2,168 At 31 December 2024 66,076 23,595 89,671 NET BOOK VALUE At 31 December 2024 2,333 2,333 At 31 December 2023 4,501 4,501 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 7,493 6,963 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 15,662 1,800 MOVEMENT IN FUNDS Net movemenl in funds At 31.12.24 Al 1.1.24 Unrestricted funds General fund 84,799 (36,0271 48,772 TOTAL FUNDS 84,799 (36,0271 48,772 continued...
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 112,399 (148,426) (36,027) TOTAL FUNDS 112,399 (148,426} 136,027) Comparatives for movement in funds Net movement in funds At 31.12.23 At1.1.23 Unrestricted funds General fund 112,412 127,613) 84,799 TOTAL FUNDS 112,412 127,613) 84,799 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 116,882 (144,495} (27,6131 TOTAL FUNDS 116,882 (144,4951 (27,6131 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.24 At1.1.23 Unrestricted funds General fund 112,412 {63,6401 48,772 TOTAL FUNDS 112,412 {63,6401 48,772 continued...
THE SURF LIFE SAVING ASSOCIATION OF WALES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 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.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 229,281 1292,921} 163,640) TOTAL FUNDS 229,281 {292,921 > 163,640) 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. -12-