Charity reglstratlon number 1165857 STRATFORD SHARKS SWIMMING CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 STRATFORD SHARKS SWIMMING CWB LEGAL ANO ADMINISTRATIVE INFORMATION Trustees Mrs H Evans Mr Rlchard 8urt Mr Neil Truscott (Appointed 4 july 20251 (Appointed 4 luly 20251 Charily number 1165857 Principal address 43 Hunts Road Stratford upon Avon Warwick5hire CV37 711 England Independent examlner TC Group Celixir House Stratford Business & Technology Park Innowdtion Way, 8anbury Road Stratford-upon-Avon Warwickshire United KKngdom CV37 7GZ STRATFORD SHARKS SWIMMING CLUB CONTENTS Paqe Trystees report Independent examiner's report ststement of financial activities Balance sheèt Notes to the fi'nancial statements 7-13 STRATFORD SHARKS SWIMMING CWB TRUSTE£S REPORT FOR TME YEAR ENDED 31 MARCH 2026 The trustees present their annual report and financial statements for the year ended 31 March 2026. The financial statements have been prepared in 4ccordance with the accounting policies set out IA the notes to the financial statements and comply with the Accounting and Reporting by Chèrities-. Statement Ctf Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I lanvary 20191. Objectives and activÉties The principal objective of the charity is to promote community participation in healthy recreation. in particular by the provision of kcilities, teaching and coaching for competitive swimming. water safety and the OPPDrtunity to parti¢lpate in related 4quati¢ events. Public benefjt The trustees have paid dLte regard to guidance issued by the Charity Commissi¢n In declding what activlties the should undertake. Athlevements and performance Slgnificunt tirtivities und ochievements ogt7inst objertivts The Charity has achieved its miss￿on, which is- "To promote comrnunity participaiion in healthy recreation in particular by the provision of facilities, teachin8 and coaching for competitive swimming. water safety and the opportunity to participate in related aquatic events The Club continued with competitive 5w*mming durifig the 2025-2026 season competing in a number of meets Ift the West Midlands. We also continued to competè in the th￿e main league comperitions (Aren2, Mercian and Nuneaton Junior). We saw 42 5wimmer5 gain at least one qualifying time to compete at the Warwickshire County championships in February with the club also entering tearns In several ￿13¥ events. During the year four swimmers gained Level l or Level 2 teaching or coachirbg qualification5. putting their qualifications to use supporting the coaching team with our Academy 5quad5. The Club also continues to provide volunteering opportunities to swimmers in support of their Duke of Edinburgh awards. The Club cr)ntinues to support the CDventry and District ASA and Warwickshire ASA. providing representation at their meetings. attending t￿ining events and competitions that they arrange. In return the Club has benefitted from various bursaries that a￿ provided for the devclopment of young co3¢he5. .In December we were awarded a grant of £4,950 from the Stratford Town Trust. This included funds to suppgrt the club providing financial support to families, bursaries for teaching and coaching qualifications. In February the Coventry & District ASA provided each representative club w*th a Èrant of £750 tOW3rds coaching and teachin8 qualifitations. which we will be distributing as bur5arie5 over the coming year. We also recesved a generous donation from a fomer swimming family that Ènabled us to purchase five new starting blocks for the pool we train at In Shipston. We cotttinue to hold 2 club gala competions annually. the 'Mike Wardle Sprints. swimming 8ala with events swam over SOM to commernorate the contribution made to the club of an Honorary Life Member and a 'Winter Meet, gala to further provide opportunities to gain County entry times. Both are aimed at ollowing swimmers to Èain experience of competitive swirnming in a fun environment. STRATFORD SHARKS SWIMMING CLU8 TRusfEES REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 Financial review Thp Statement of Financial Activities shows ¥ surplus for the year ended 31 March 2026 of £21,267 12025.. Surplus of £13.8971. The Balance Sheet shows a net assets position at the year elld of 2Q26 of £53,38812025'. Net assets of £32.1211. Reserves policy The Trustees have determined that the club should build toward5 at least three months, worth of operational expenses in its unrestricted funds as reported on ils year-ond balance sheet. The club requires thi5 level of working capital (mainly cashl which will enable it to commit to providing faEilities and service5 to its members. These commitments include swimming pool hire and the salaries and waEes of the coaching team. Strurture* governance and management The charity is controlled by its governing document. a deed of trust, and constitutes a charitable incorpooted or6anisation. The charity's activitie5 commenced on l April 2016. The trustees who served during the year and up to the dète of signature of the finantial statemenrs were.. Mr A Partlll8ton (Resigned 4 July 20251 Mr D Skinner IResEgned 4 July 20251 Mr5 H Evans Mr Richard Burt Mr Neil fruscott (Appointed 4 July 20251 (Appointed 4 July 20251 Recruitment ond uppointment of tru5tee5 The management of the Charity is the responsibility of the Trustees who are elected and cD-QPted under the terms of the Trust deed. There must at all times be a minimum of 1hree Trustee5 in office. New Tru5tee$ 3re appointed by è resolution passed by the Trustees in special meeting. Orgtsnisotionol structure The Trustees are ¥esponslble for the management of the charlty and mèy delegate any of their pawer5 of functson5 to a committee or committees. and, if they do, they must determine the terms and tonditions on which the delegation is made and in actordante with the constitution. Inductionol troining of new tru5tee5 New Trustees undergo an orientation process to brief them on their legal obligation5 under Charity law the Charity's governing documents. the cornmittee and decision making processes, thè business plan and recent financi31 performance of the Charity. During the induction process they meet key employees and other trustees. Tr¢Jstees are encouraged to attend appropriate external and internal training events which will a55lSt them in carrying out their role. Risk Munagtment The trustees have a duty to identify and rEview the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance a8ain5t fraud and errDr. STRATFORD SHARKS SWIMMING CWB TRUSTEES REPORT IcoMnNUEDI FOR THE YEAR ENDED SI MARCH2026 The tTU5tee5 report was approved b¥ the 8oard of Trustees. Mi Neil Truscott Trustee STRAfFORD SHARKS SWIMMING CLUB INDEPENDENT EXAMINER'S REPORT TO TTrIE TRUSTEES OF STRATFORD SHARKS SWIMMING CLUB I report to the trvstees on my examinatlon of the flnancial Statements of Stratford Sharks Swimming Club for the vear ended 31 March 2026. Responsibllitiès and basis ot report As the trustees ol the Charity you are responsible for the preparation ol the financial statements in accordance with the requirernents Jf the Charities Act 2011 Ithe 2011 Actl. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Charity's Act. In carrying out my examination I have followecF 311 the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Att. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared financial statement5 in accurdance with Accounting and Reporting by Charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 preference to the Accounting and Reporting by Charities." Statement of Recommended Practice issued on l April 2005 which is referred tg 111 the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective foi reportsnÈ periods beginning on or after I January 2015. I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe that ill any material respect.. accounting records were not kept in respect Of the a5 requiréd by sertion 130 of the 2011 Act,. or the finèncièl statements do not accord with th05e record5', or the financial statements do not camply with the applicable iequirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2W8 other than any requ￿￿rne￿t that the accounts give a true and fair view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other rnatters in connection with the examinatlon lo which attention should be drawn in this report in order to enable a proper unde￿￿nding of the financial statement5 to be reached. TC Group Celixsr House Stratford Business & Technology Park Innovation Way. Banbury Road Stratford-upon-Avon Warwickshire CV37 7GZ United Kingdom Dated: rRATFORD SHARKS SWIMMING CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME APID EXPENDITURE ACCOUNT FOR THE YEAR ENDED 311OARCH2026 Unr¢5trirted funds 2026 Unrtstrlcted funds 2025 Notes Intomè from: Donations and legacies Charitsble activities Other trading activlties Investments 15,231 159.730 14,868 574 14,259 156,264 3,177 Total In£omÈ 190,403 173,707 Expendlture on: Raising funds Charitsble èctivrtie5 1.127 168.009 3.828 155,982 Total empenditure 169.136 159,810 Net income and movement in funds 21,267 13,897 Reconclliatlon of funds: Fund balances at l April 2025 32,121 18.224 Fund balantÈs at 31 March 1026 53,388 32.121 The statement of financial activities include5 311 ¥3irts and losses recognised in the year. Income and expenditLEre derive from continuing activities. STRATFORD SHARKS SWIMMING CWB BALANCE SHEET ASAT31 MARCH2026 2026 2025 Notes Flxed assets Tangible assets 13 12.172 5,192 Current ass￿$ Debtor5 Cash at bank and in hand 14 3,015 38,413 821 26,366 41,428 27.187 Creditors: amounts falling due within one vear 15 1212 12581 Nèt currènt assets 41,216 26,929 Total assets less currnnt Ilabilitiès 53,388 32,121 Net assets excludin8 pension liability 53.388 32,121 The funds of the Unr8stricted funds 53,388 32,121 53.388 32,121 The financial staternents were approved by the trustees on Mr Neil Truscott Trustee STRATFORO SHARKS SWIMMING CLU& NOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31 MARCH2026 Accounttnz policies Charlty Informatlon Stratford Sharks Swimming Club È5 a charitèble incorporated organisation. 1.1 Accounting tonvention The fin3n£ial statements have been prepared in accordance with the Charitie5 Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK Republic of Ireland" I"FRS 102,1 and thè Charitie5 SORP "Accounting and Repc*rting by Charities." Statement of Rettsmmended Practice applicable to charities preparlng thelr accounts in accordance with the Financial Reporting Stsndèrd applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. Advantage has been taken of the provisions in the SORP foT charities not to prepare a Statement of Cash Flows. The Charity is a public benetit entity as defined by FRSIO2. The financial statefnents have been prepared under ihe historical cost convention. 1.2 Goln# ¢on¢wn At the time of approving the financial statements, the trustees have 8 reasonable expectstion that the Charity has adeqLÈate resources to continue in L)perational existence for the foreseeable future. Thv5 the trustees continue to adopt the goin8 concern basis of accounting in preparing the financial statement5. 1.3 Charitsble funds Unrestricted funds a￿ available for use at the discretion of the trustees ir¥ furtherance of their charitable objectives. 1.4 Intome Income is recognised when the Charity is le8ally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable th4t income will be received. LS Expenditure Eypenditure is recognised OTh￿ there is a legal or £on5truttive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wlll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total ot direct costs and shared tosts. including support costs involved in undenaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. shared cost5 which contribute to more than one activity and support costs which are not attributsble to a single activity are apportioned between those activities on a basis consistent with the use ol resources. Central staff cost5 are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's Use. STRATFORD SHARKS SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2026 Accounting polic•e5 Icontinuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or ¥alu3tion, net of depreciation and any impairment105ses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on ihe following bases-. Fixtures and fittings 15% reducing balance, S or 10 year straight line The gasn or loss arising or the disposal of an asset is deterrnined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Employee b*neflts The c05t of any unused holiday entitlement is reco8ni5ed in the period in which the employee's services are received. Terminaiion benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits. The charity oper3te5 a defined contribution scheme. Contributions payable to the charity'5 pension scheme are char8ed lo the Statement of Financial Activities in the period to which they lelate. 1.8 Fund Accountin8 Unrestricted funds can be used in accordance with the chariiable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purp05e5 within the objerts of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. Income from donatlons and legacie5 Unre5tritttd funds Unrestrirted funds 2025 2026 Donations and gifts Grant Income 8,769 6,462 7.￿9 7,250 15.231 14,259 STRATFORD SHARKS SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2026 Income from charitsble aitivities UnrestrKted funds 2026 Unrestricted funds 2025 Charltable actlvltle5 Membership atld training Fees Galas and open mèet Èntries 126,641 33,089 124.536 31,728 159,730 156.264 Income from other tradin8 acti¥itie5 Unrestrlcted Unrestrlrted funds funds 2025 2026 Shop Income Fundraising 1.203 13,665 2.057 1.120 Other tnding activities 14,868 3,177 Income from investments Unre#rirted Unrestricted funds funds 2026 2025 Interest receivable 574 STRATFORD SHAFiKS SWIMMING CLU8 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR fHE YEAR EAIDED 31 MARCH2026 Expenditure on rai5in¥ funds Unrestricted Vnrt5trlcted funds funds 2026 2025 Trading costs Purchases 1,127 3,828 Expendlturè on charitable activities Unrèstrlcted Unrestricted Empenditure Expendlture 2026 2025 Dirert costs Depreciation and impaÉrnient Pool Hire ASA reglstration and league fees Other direct C05t5 Education and Training Home 8ala and open meet entries Wages Pension 1,762 77,824 10,534 9,324 3,014 16.961 48,031 559 533 76,277 9,804 5,502 1,073 17.175 43,893 541 168,009 154,798 Grant funding of activities (see note 81 1,184 168.009 155,982 Analysls by fund Unrestrirted fund5 168.OL)9 155,982 Grants payable Gr4rit5 payable are provided to help with membership costs and club development includin8 training and equipment. 10- STRATFORO SHARKS SWIMMING CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2026 Net movement In funds 2026 2025 The net movement in funds is stated after chargingllcrediting),. Depreciation of owned iangible fixed a55ets 1.762 533 10 Trustees None of the trustees lor any persons connected with them) reCeI￿d any remuneration or benefit5 from the during the ye6r. 11 Employees The avera8e monthly number of employees during the year was.. 2026 Number 2025 Number 18 13 Employment costs 2026 2025 Wages and salaries Other pension C05ts 48.031 558 43,893 541 48,590 44.434 There were no employees whose annual remuneration was more than £60.000. 12 7a¥atlon The charity 15 exempt from taxation on its activitie5 because all its incorne is applied for charitable purposes. STRATFORD SHARKS SWIMMING CWB NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 13 Tangible fixed assets SIxt￿r*s4￿￿ t￿n8$ Cost At l April 2025 Additions Di5P05als 13,499 8,707 18,2721 At 31 March 2026 13,934 Depreclatlon and impairment At l April 2025 Depreciation charged in the year Eliminated in respect of disposals 8,307 1,762 18,3071 At 31 March 2026 1,762 Carrying amount At 31 March 2026 12.172 At 31 March 2025 5,192 l4 Debtors 2026 2025 Afflounts falling due withtn one year- Other debtors 3.015 821 15 CredltQfS.' amounts fallkng du¢ within one year 2026 2025 Other Creditor5 212 258 212 258 12- STRATFORD SHARKS SWIMMING CWB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 16 Unre5trirted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whiEh are not subject to specific conditions by dDnors and grantors as to how they may be used. These include designated funds which have been Set astde out of unrestricted funds by the trustees lor Specific purposes. At l April 2025 Intomlng resources Resources At 31 Mar