## **Trustees’ Annual Report for the period** ## **From 1 April 2023 Period start date To 31 March 2024 Period end date** ## **Charity name: Star Diving Club Guildford** ## **Charity registration number: 1166005** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The purpose of the charity is the
advancement of amateur sport and the
promotion of community participation in
healthy recreation for the benefit of the
inhabitants of Guildford, its surrounding
area and the general public, in particular,
by the teaching, development and practice
of high board and springboard diving for its
members.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The main activity is the provision of lessons
and coaching sessions to members.
Members are encouraged from all age
ranges and abilities. The current
membership ranges from primary age to
adult and the ability of the divers range
from recreational beginner to national level
divers. Recreational divers work and
progress within a structured grade
programme while divers of an appropriate
standard compete at beginner, county,
regional, national and international
competitions. In designing the grade
programme and selecting and coaching
divers to compete at various levels the
trustees have due regard to the public
benefit guidance. Members are
encouraged to reach their potential at
whatever level they are participating at.
Members benefit in terms of increased self-
confidence, fitness, acquisition of new
skills, self-discipline and teamwork. Older
divers are important role models for
younger divers and may volunteer as
poolside helpers. Divers also may progress
to train as coaches thereby acquiring
further skills. Opportunities are available to
non-divers to train as diving coaches and| Page 1 |||flexible working hours allow development
as a coach alongside work and study.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have in mind the Charity
Commissions guidance on public benefit
when planning the main activities of
providing lessons and coaching sessions
for members.| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| ||SORP reference|| |Policy on grant making|Para 1.38|The charity has not made any grants and
does not have a policy on grant making.| |Policy on social investment
including program related
investment|Para 1.38|The charity aims to invest available funds
to extend, develop and where possible
improve the diving programme for all its
members to ensure the opportunities to
learn and practice high board and spring
board diving are available to all members of
the public who wish to participate.
Funds are used to update and replace
equipment and develop and train coaches
and pool side helpers.
The diving programme has continued to
develop and extend having established
itself as the only diving programme
providing lessons and coaching at the
Spectrum Guildford.
There is no specific social investment
outside the diving programme.| |Contribution made by
volunteers|Para 1.38|Volunteer members consist of current
divers and parents of current and past
divers. The diver volunteers contribute
enormously by way of assisting as pool
side helpers and assisting in the running of
internal club competitions. Parent
volunteers also contribute by way of
chaperoning residential competitions,
helping in the running of stalls at
competitions and fund raising and by sitting
as committee members and trustees. All
chaperones are DBS checked and have
undertaken the necessary safeguarding
training.| |Other||N/A| Page 2 ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The number of members of Star Diving
Club Guildford has remained steady in the
year.
Many divers have achieved personal goals
competing for the first time away from
home, mastering new skills and
overcoming fears. Other divers have
achieved personal goals representing their
schools and/or the club at county, regional
and national level.
The club has enjoyed considerable
success at all levels of competition and
medals have been won at national,
regional, county and club level.
Members benefit personally from increased
fitness, confidence, self-discipline, and
working with and supporting members of
their club. Divers who become poolside
helpers develop and improve coaching
skills and interpersonal skills.
From a wider perspective the more
successful the diving programme is,
because of successful individual divers, the
higher the profile of the club will be. This in
turn encourages further participation,
funding and support in the club and the
sport from athletes and coaches.
The club has seen a rise in members with
Special Educational Needs, who have been
successfully incorporated into our
recreational diving programme.| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|A major aim every year is to maintain a
stable membership and if possible grow the
membership.| |Performance of fundraising
activities against objectives
set|Para 1.41|Fundraising objectives beyond fundraising
achieved through membership subscription
are only partially met. There is scope to be
more ambitious fundraising targets in the
future, but such efforts have been inhibited
by a failure to identify and recruit a
voluntary fundraising officer.| |Investment performance
against objectives|Para 1.41|Significant progress has been made in
relation to extending and developing the
diving programme. The club has made use
of bursaries and external funding
opportunities to attract new coaches and
continue professional development and
skills. We continue to support our Talent| Page 3 |||Identified Divers (TID), which has helped
the club to enhance the diving programme.| |---|---|---| |Other||N/A| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity sustained a (£9k) net loss in the
financial year, resulting in an equivalent
decrease in reserves. Losses of this
quantum can only be sustained for another
3 years. Membership and other income
was broadly similar to the last financial
year, however, this was more than offset by
increased facilities costs (pool hire) and
payroll costs. Membership fees have
subsequently been increased and regular
committee discussions are had to look at
ways to breakeven. Opportunities to fund
ad hoc activities, additional training or
development costs are therefore limited.| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are primarily held as a
contingency fund to meet unforeseen
expenditure and deal with fluctuating
membership numbers.
The presence of a reserve fund has in the
recent past been essential in the context of
COVID lockdowns.| |Amount of reserves held|Para 1.22|£43,620| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The charity’s principal source of funding is
from the fees the members pay for diving
lessons.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Typically, the majority of income is applied
in hiring training facilities and staff costs.
Surplus funds are retained as a
contingency against unforeseen
circumstance and/or invested in developing
the diving programmes, updating or
extending equipment, training and
developing coaches and poolside helpers.| Page 4 |||Families who struggle to meet the cost of
lessons are offered financial help on a case
by case basis.| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|The main risks facing the charity at the end
of this period are (1) a reduction in
membership numbers, (2) continued
increases in facilities/pool hire costs
unmatched by membership income and (3)
the pool facilities becoming unavailable or
being withdrawn as the charity does not
own the facilities, and no long-term viable
alternatives.
As a relatively small sport diving is currently
suffering from a shortage of appropriately
trained and experienced coaches so
recruiting staff can be challenging.| |Other||N/A| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|
Para 1.25|Constitution adopted 4 February 2016, as
amended on 22 June 2021 and 19 October
2023.| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|Unincorporated organisation consisting of
approximately 181 divers, together with
coaches and volunteer poolside helpers.| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Executive Officers and Trustees are
proposed, seconded and elected by ballot
at the Annual General meeting.
The number of trustees must not exceed a
maximum of ten (10) elected trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|There are no specific policies or
procedures for the induction and training of
trustees. All trustees give their time
voluntarily and receive no remuneration or
other benefits for serving as trustees| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Star Diving Club works closely with Swim
England and other local diving clubs to run
diving programmes and offer joint training
opportunities.
The charity also collaborates closely with
local clubs to offer opportunities for divers
to compete internationally| |Relationship with any
related parties|Para 1.51|There are no relationships with related
parties| Page 5 ## **Reference and Administrative details** |Charity name|Star Diving Guildford| |---|---| |Other name the charity uses|N/A| |Registered charity number|1166005| |Charity’s principal address|Star Diving Club Guildford
Guildford Spectrum Leisure Complex Parkway Guildford
GU1 1UP| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(ifany)**| |---|---|---|---|---| ||Stuart Johnson|Chairman|From 26/06/2023|| ||Claire Maytham|Secretary||| ||Francisco Diaz|Competition
Secretary/Membership||| ||Charlotte Johnson|||| ||Jon Smith|CharityOfficer||| ||Simon White|Treasurer|From 26/06/2023|| ||Russell Johnson|Chairmen|Until 26/06/2023|| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name N/A** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**N/A**||| ## **Funds held as custodian trustees on behalf of others** Description of the assets Not applicable held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets Page 6 ## **Additional information (optional)** **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |**Accountant**|MHM Accounting
Solutions|13 Mapledrakes Close, Ewhurst, Cranleigh, GU6 7QR| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Simon White|| ||
Treasurer|| ||31/01/2025|| ||31/01/2025|| Page 7 Star Dlvlng Club Gulldford Charity No. I1661￿15 Trustees, Report and Unaudlted Accounts 31 March 2024 Star Divin8 Club Guildford Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 7t09 Page I Star Divin8 Club Guildford Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAIiS Charity No. 1166Th)5 Trustees The following trustees served during the year: A. Llewllyn-smith J. Smith Accountants MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU67QR OBJECTIVES AND A￿1VITIEs A larger charity must provide an explanation of its aims. including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities... A larger charity must provide an explanation how the achievement of its aims will further its legal purposes. A larger charity must provide an explanation of its strategies for achiewng its stated aims and objertives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period... A larger charity should provide a more detailed explanation of its short-term and long-term aims and objertives... ACHIEVEMENTS AND PERFORMANCE A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set . A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ... A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set . A larger charity must provide an explanation of any material expenditure occurred to raise income in the future... A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objertives . PLANS FOR FUTURE PERIODS Page 2 Star Divin8 Club Guildford Trustees Annual Report A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them . A larger charity's report should explain the trustees perspertive of the future direction of the charity-.. statement of trustees. responsibilities in relation to the finanaal statements The charity trustees are responsible for preparing a trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees J. Smith Trustee 31 March 2024 Page 3 Star Divin8 Club Guildford Independent Examlners Report Independent Examlner's Report to the trustees of Star Dlvlng Club Gulldford I report to the trustees on my examination of the financial statements of Star Diving Club Guildford for the year ended 31 March 2024. Responslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under sertion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examine¢s statement I have completed my examination. I can confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect: the accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. M H Matthews FCCA Association of Certified Chartered Accountants MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU67QR 31 March 2024 Page 4 Star Divin8 Club Guildford Statement of Flnanclal Actlvftles for the year ended 31 March 2024 Unrestrlrted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable attivities Other trading activities Investments 1,497 137.669 22.350 228 1,497 137,669 22,350 228 136 140,972 24,106 28 Total 161.744 161.744 165,242 Expenditure on: Other 170.939 170,939 162,253 Total 170.939 170.939 162,253 Net gains on investments Net lexpenditurellincome Transfers between funds {9,1951 19,1951 2,989 Net lexpenditurellincorne before other galnslllosses) 19.1951 19.1951 2,989 Other gains and10sses Net rnovement in funds 19,1951 19,1951 2,989 Reconciliation of funds: Total funds brought forward 52.815 52.815 49,826 Total funds carrled forward 43.620 43.620 52,815 Page 5 Star Divin8 Club Guildford Balance Sheet at 31 March 2024 Charlty No. 1166(K)5 2024 2023 Fixed assets Tangible assets Current assets io Debtors Cash at bank and in hand li 2.473 47,140 49.613 {5.9921 43,621 1891 61,931 61,842 19,0271 52,815 Credltors: Amount falling due within one year Net current assets 12 Total assets less current Ilabllltles 43.621 52,815 Net assets excluding pension asset or liability 43,621 52,815 Total net assets 43.621 52,815 The funds of the charfty Restrlcted funds Unrestricted funds General funds 13 13 43.621 52,815 43,621 52,815 Reserves 13 Total funds 43.621 52,815 Approved by the trustees on 31 March 2024 And signed on their behalf by.. J. Smith Trustee 31 March 2024 Page 6 Star Divin8 Club Guildford Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 2011. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestrirted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants. donation5 and gift5 is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditurel and facilities where the benefit to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help re￿IVed is not included in the accounts. Investment income This is included in the accounts when receivable. Gains1110ssesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 7 Star Divin8 Club Guildford Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These cornprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities seNices in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure is accounted for on an artual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charty, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable artivities. Tanglble flxed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment 18% Reducing Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. ￿1 gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willin8 to pay tor the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents cornprise cash at bank and on hand. demand deposit5 With banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 8 Star Divin8 Club Guildford Notes to the Accounts Trade and other credltois Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnated reliably. Creditor5 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the funrtional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the funrtional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operatirbg leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date a5 a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's poliry on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contribution5 into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Recelpt of donated goods, facllitles and seNices All donated goods, facilities and seNices received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 9 Star Divin8 Club Guildford Notes to the Accounts 2 Statement of Flnanclal Activltles- prlor year Unrestrlcted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable artivities 135 135 140,972 24,106 28 140,972 24,106 28 Other trading activities Investments Total 165,241 165,241 Expenditure on: Charitable artivities 3,221 3,221 159,031 Other 159,031 Total 162,252 162,252 Net Income 2,989 2,989 Net Income before other gains/{lossesl Other galns and losses: Net rnovement in funds 2,989 2,989 2,989 2,989 Reconciliation of funds: Total funds brought forward 49,826 49,826 Total funds carried forward 52,815 52,815 3 Income frorn donations and legacies Unrestrirted Total Total 2024 2023 Donations 1.497 1.497 1,497 1,497 136 136 4 Income fTom charitable activities Unrestrirted Total Total 2024 2023 Squad Subs Fundraising 12 1 Lessons 135.540 554 135,540 554 134,189 878 3,220 2,685 School 1.575 1,575 137.669 137,669 140,972 Page 10 Star Divin8 Club Guildford Notes to the Accounts 5 Income from other tradlng artivitles Unrestrlrted Total Total 2024 2023 Competitions/Holiday Courses 21.496 21,496 22,207 Clothing 854 854 1,899 24,106 22.350 22,350 6 Income from investments Unrestrirted Total Total 2024 2023 228 228 28 228 228 28 7 Other expendlture Unrestrfrted Total Total 2024 2023 ASA Membership fees Competitions/Holiday Courses 4,245 4,245 4,459 9.692 9,692 9,097 Clothin8 Gym Kit Employee costs Motor and travel costs 1,024 85 1,024 85 3,222 669 90,420 1.378 42,891 90,420 1,378 42,891 82,954 I,iii 37,691 Premises costs Amortisation, depreciation. impairment, profitlloss on disposal of fixed assets General administrative costs 1,759 19,837 1,367 170,939 19,837 1,367 170,939 19,763 1,528 162,253 Legal and professional costs 8 Net {expendlturel/lncome before transfews 2024 2023 This is stated after charging- Depreciation of owned fixed assets 1,759 Page 11 Star Divin8 Club Guildford Notes to the Accounts 9 Staff costs 2024 2023 Salaries and wages Social security costs Pension cost5 83.664 3.673 998 68,942 12,719 957 88,335 82,618 No employee received emoluments in excess of E60.C(K). 10 Tangible fixed assets Equipment Total Cost or revaluation At l April 2023 At 31 March 2024 13,690 13,690 4,382 4,382 18,072 18,072 Depreclatlon and impairnient At l April 2023 Depreciation charge for the vear At 31 March 2024 13.690 13,690 4,382 4,382 13.690 4,382 18,072 Net book values At 31 March 2024 At 31 March 2023 11 Debtors 4,382 4,382 2024 2023 Other debtors Prepayments and accrued income 161 2.479 2,473 161 1831 1891 12 Credltors: amounts falling due within one year 2024 2023 Trade creditors 15651 1,619 1141 249 Other creditors Accruals Deferred income 250 6.307 5.992 7,173 9,027 Page 12 Star Divin8 Club Guildford Notes to the Accounts 13 Movement In fvnds Incomln8 resources At31 March 2024 {indudin8 other At l Aprll galns/losse$ 2023 Resources expended Restricted funds: Unrestrlcted funds: General funds 52,815 161,744 1170.9391 43,621 Total funds 14 Analysls of net assets between funds 52,815 161,744 1170.9391 43,621 Unrestricted funds Total Net current assets 43,621 43,621 43,621 43,621 15 Reconclllatlon of net debt At31 At l April 2023 March 2024 Cash flows Cash and cash equivalents 61.931 61.931 114,7911 114.7911 47,140 47,140 Net debt 61.931 114,7911 47,140 16 Commltments Operutlng leose tt)mmltments Annual commitments under non-cancellable operating leases are as follows: 2024 Land and bulldlngs 2024 2023 Land and bulldlngs 2023 Other Other Operating leases with expiry date: Pension commiTtments 2024 2023 The pension cost charge to the charity amounted to- 998 957 Page 13 Star Divin8 Club Guildford Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flow5 frorn operating activities Net lexpendlturelllncome per Statement of Flnanclal Actlvltles {9.1951 2,989 Adjustments for: Depreciation of property. plant and equipment Dividends, interest and rents from investments IlncreasellDecrease in trade and other receivables Decrease in trade and other payables 4.382 12281 {2.5621 {3.0351 6,079 1281 2,135 12,9121 Net cash (used Inllprovlded by operatlng artlvitles 110.6381 8,294 Cash flows from investing activities Dividends, interest and rents from investments 228 28 Net cash fromllused in) investing activities 228 121 Net cash from flnanclng actlvltles Net Idecrease}/increase in cash and cash equivalents 110.4101 8,292 Cash and cash equivalents at the beginning of the year 61.931 58,616 Cash and cash equlvalents at the end of the year 51.521 66,908 Components of cash and cash equivalents Cash and bank balances 47.140 61,931 47,140 61,931 Page 14 Star Divin8 Club Guildford Detalled Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Unrestrlcted funds Total funds Total funds 2024 2024 2023 Income and endowments from: Donations and legacies Donations 1,497 1,497 1,497 1,497 136 136 Charitable artivities Squad Subs Fundraising 12 1 Lessons School 135,540 554 135,540 554 134,189 878 3,220 2,685 140,972 1,575 137,669 1,575 137,669 Other trading activities Competitions/Holiday Courses Clothing 21,496 854 21.496 854 22,207 1,899 24,106 22,350 22,350 Investments 228 228 28 228 228 28 Total income and endowments 161,744 161.744 165,242 Expendlture on: other expenditure ASA Membership fees Competitions/Holiday Courses Clothing Gym Kit 4,245 9,692 1,024 85 4,245 9,692 1,024 85 4,459 9,097 3,222 669 15,046 15.046 17,447 Employee costs Salaries/wages Employer's NIC Pension costs 83,664 3,673 998 83,664 3,673 998 68,942 12,719 957 Staff training Temporary staff 1,834 251 1,834 251 160 176 90,420 90,420 82,954 Motor and travel costs Vehicles - Fuel Travel and subsistence 1,229 1,229 15 Business mileage costs reimbursed 149 149 1,096 1,378 1,378 I,iii Premises costs Rent 42,891 42.891 37,691 Page 15 Star Divin8 Club Guildford Detalled Statement of Flnanclal Actlvltles 42,891 42,891 37,691 General adrninistrative costs. including depreciation and amortisation Depreciation of Equipment Bad debts Bank charges Equipment expensed Information and publications Software, IT support and related costs 1,759 (3791 138 13791 138 138 16,093 415 16.093 415 14,291 181 2,749 2,749 3,176 Stationery and printing Sundry expenses 513 513 877 308 19,837 308 19,837 I,IcKJ 21,522 Legal and professional costs Audit/lndependent examination fees Accountancy and bookkeeping Other legal and professional costs 250 250 250 1,117 1,117 1,042 236 1,367 1,367 1,528 Total of expendlture of other costs Total expenditure 170,939 170.939 162,253 170,939 170.939 162,253 Net gains on investments Net lexpendlturelllncome 19,1951 19,1951 2,989 Net lexpendlturel/lncome before other 8ains/(lossesl Other Gains 19,1951 19,1951 2,989 Net movement in funds 19,1951 19,1951 2,989 Reconclllatlon of funds: Total funds brought forward 52,815 52,815 49,826 Total funds carried forward 43,620 43,620 52,815 Page 16 Star Dlvlng Club Gulldford Charity No. I1661￿15 Trustees, Report and Unaudlted Accounts 31 March 2024 Star Divin8 Club Guildford Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 7t09 Page I Star Divin8 Club Guildford Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAIiS Charity No. 1166Th)5 Trustees The following trustees served during the year: A. Llewllyn-smith J. Smith Accountants MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU67QR OBJECTIVES AND A￿1VITIEs A larger charity must provide an explanation of its aims. including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities... A larger charity must provide an explanation how the achievement of its aims will further its legal purposes. A larger charity must provide an explanation of its strategies for achiewng its stated aims and objertives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period... A larger charity should provide a more detailed explanation of its short-term and long-term aims and objertives... ACHIEVEMENTS AND PERFORMANCE A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set . A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ... A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set . A larger charity must provide an explanation of any material expenditure occurred to raise income in the future... A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objertives . PLANS FOR FUTURE PERIODS Page 2 Star Divin8 Club Guildford Trustees Annual Report A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them . A larger charity's report should explain the trustees perspertive of the future direction of the charity-.. statement of trustees. responsibilities in relation to the finanaal statements The charity trustees are responsible for preparing a trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees J. Smith Trustee 31 March 2024 Page 3 Star Divin8 Club Guildford Independent Examlners Report Independent Examlner's Report to the trustees of Star Dlvlng Club Gulldford I report to the trustees on my examination of the financial statements of Star Diving Club Guildford for the year ended 31 March 2024. Responslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under sertion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examine¢s statement I have completed my examination. I can confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect: the accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. M H Matthews FCCA Association of Certified Chartered Accountants MHM Accounting Solutions 13 Mapledrakes Close Ewhurst GU67QR 31 March 2024 Page 4 Star Divin8 Club Guildford Statement of Flnanclal Actlvftles for the year ended 31 March 2024 Unrestrlrted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable attivities Other trading activities Investments 1,497 137.669 22.350 228 1,497 137,669 22,350 228 136 140,972 24,106 28 Total 161.744 161.744 165,242 Expenditure on: Other 170.939 170,939 162,253 Total 170.939 170.939 162,253 Net gains on investments Net lexpenditurellincome Transfers between funds {9,1951 19,1951 2,989 Net lexpenditurellincorne before other galnslllosses) 19.1951 19.1951 2,989 Other gains and10sses Net rnovement in funds 19,1951 19,1951 2,989 Reconciliation of funds: Total funds brought forward 52.815 52.815 49,826 Total funds carrled forward 43.620 43.620 52,815 Page 5 Star Divin8 Club Guildford Balance Sheet at 31 March 2024 Charlty No. 1166(K)5 2024 2023 Fixed assets Tangible assets Current assets io Debtors Cash at bank and in hand li 2.473 47,140 49.613 {5.9921 43,621 1891 61,931 61,842 19,0271 52,815 Credltors: Amount falling due within one year Net current assets 12 Total assets less current Ilabllltles 43.621 52,815 Net assets excluding pension asset or liability 43,621 52,815 Total net assets 43.621 52,815 The funds of the charfty Restrlcted funds Unrestricted funds General funds 13 13 43.621 52,815 43,621 52,815 Reserves 13 Total funds 43.621 52,815 Approved by the trustees on 31 March 2024 And signed on their behalf by.. J. Smith Trustee 31 March 2024 Page 6 Star Divin8 Club Guildford Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 2011. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestrirted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants. donation5 and gift5 is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditurel and facilities where the benefit to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help re￿IVed is not included in the accounts. Investment income This is included in the accounts when receivable. Gains1110ssesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 7 Star Divin8 Club Guildford Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These cornprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities seNices in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure is accounted for on an artual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charty, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable artivities. Tanglble flxed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment 18% Reducing Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. ￿1 gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willin8 to pay tor the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents cornprise cash at bank and on hand. demand deposit5 With banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 8 Star Divin8 Club Guildford Notes to the Accounts Trade and other credltois Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnated reliably. Creditor5 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the funrtional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the funrtional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operatirbg leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date a5 a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's poliry on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contribution5 into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Recelpt of donated goods, facllitles and seNices All donated goods, facilities and seNices received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 9 Star Divin8 Club Guildford Notes to the Accounts 2 Statement of Flnanclal Activltles- prlor year Unrestrlcted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable artivities 135 135 140,972 24,106 28 140,972 24,106 28 Other trading activities Investments Total 165,241 165,241 Expenditure on: Charitable artivities 3,221 3,221 159,031 Other 159,031 Total 162,252 162,252 Net Income 2,989 2,989 Net Income before other gains/{lossesl Other galns and losses: Net rnovement in funds 2,989 2,989 2,989 2,989 Reconciliation of funds: Total funds brought forward 49,826 49,826 Total funds carried forward 52,815 52,815 3 Income frorn donations and legacies Unrestrirted Total Total 2024 2023 Donations 1.497 1.497 1,497 1,497 136 136 4 Income fTom charitable activities Unrestrirted Total Total 2024 2023 Squad Subs Fundraising 12 1 Lessons 135.540 554 135,540 554 134,189 878 3,220 2,685 School 1.575 1,575 137.669 137,669 140,972 Page 10 Star Divin8 Club Guildford Notes to the Accounts 5 Income from other tradlng artivitles Unrestrlrted Total Total 2024 2023 Competitions/Holiday Courses 21.496 21,496 22,207 Clothing 854 854 1,899 24,106 22.350 22,350 6 Income from investments Unrestrirted Total Total 2024 2023 228 228 28 228 228 28 7 Other expendlture Unrestrfrted Total Total 2024 2023 ASA Membership fees Competitions/Holiday Courses 4,245 4,245 4,459 9.692 9,692 9,097 Clothin8 Gym Kit Employee costs Motor and travel costs 1,024 85 1,024 85 3,222 669 90,420 1.378 42,891 90,420 1,378 42,891 82,954 I,iii 37,691 Premises costs Amortisation, depreciation. impairment, profitlloss on disposal of fixed assets General administrative costs 1,759 19,837 1,367 170,939 19,837 1,367 170,939 19,763 1,528 162,253 Legal and professional costs 8 Net {expendlturel/lncome before transfews 2024 2023 This is stated after charging- Depreciation of owned fixed assets 1,759 Page 11 Star Divin8 Club Guildford Notes to the Accounts 9 Staff costs 2024 2023 Salaries and wages Social security costs Pension cost5 83.664 3.673 998 68,942 12,719 957 88,335 82,618 No employee received emoluments in excess of E60.C(K). 10 Tangible fixed assets Equipment Total Cost or revaluation At l April 2023 At 31 March 2024 13,690 13,690 4,382 4,382 18,072 18,072 Depreclatlon and impairnient At l April 2023 Depreciation charge for the vear At 31 March 2024 13.690 13,690 4,382 4,382 13.690 4,382 18,072 Net book values At 31 March 2024 At 31 March 2023 11 Debtors 4,382 4,382 2024 2023 Other debtors Prepayments and accrued income 161 2.479 2,473 161 1831 1891 12 Credltors: amounts falling due within one year 2024 2023 Trade creditors 15651 1,619 1141 249 Other creditors Accruals Deferred income 250 6.307 5.992 7,173 9,027 Page 12 Star Divin8 Club Guildford Notes to the Accounts 13 Movement In fvnds Incomln8 resources At31 March 2024 {indudin8 other At l Aprll galns/losse$ 2023 Resources expended Restricted funds: Unrestrlcted funds: General funds 52,815 161,744 1170.9391 43,621 Total funds 14 Analysls of net assets between funds 52,815 161,744 1170.9391 43,621 Unrestricted funds Total Net current assets 43,621 43,621 43,621 43,621 15 Reconclllatlon of net debt At31 At l April 2023 March 2024 Cash flows Cash and cash equivalents 61.931 61.931 114,7911 114.7911 47,140 47,140 Net debt 61.931 114,7911 47,140 16 Commltments Operutlng leose tt)mmltments Annual commitments under non-cancellable operating leases are as follows: 2024 Land and bulldlngs 2024 2023 Land and bulldlngs 2023 Other Other Operating leases with expiry date: Pension commiTtments 2024 2023 The pension cost charge to the charity amounted to- 998 957 Page 13 Star Divin8 Club Guildford Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flow5 frorn operating activities Net lexpendlturelllncome per Statement of Flnanclal Actlvltles {9.1951 2,989 Adjustments for: Depreciation of property. plant and equipment Dividends, interest and rents from investments IlncreasellDecrease in trade and other receivables Decrease in trade and other payables 4.382 12281 {2.5621 {3.0351 6,079 1281 2,135 12,9121 Net cash (used Inllprovlded by operatlng artlvitles 110.6381 8,294 Cash flows from investing activities Dividends, interest and rents from investments 228 28 Net cash fromllused in) investing activities 228 121 Net cash from flnanclng actlvltles Net Idecrease}/increase in cash and cash equivalents 110.4101 8,292 Cash and cash equivalents at the beginning of the year 61.931 58,616 Cash and cash equlvalents at the end of the year 51.521 66,908 Components of cash and cash equivalents Cash and bank balances 47.140 61,931 47,140 61,931 Page 14 Star Divin8 Club Guildford Detalled Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Unrestrlcted funds Total funds Total funds 2024 2024 2023 Income and endowments from: Donations and legacies Donations 1,497 1,497 1,497 1,497 136 136 Charitable artivities Squad Subs Fundraising 12 1 Lessons School 135,540 554 135,540 554 134,189 878 3,220 2,685 140,972 1,575 137,669 1,575 137,669 Other trading activities Competitions/Holiday Courses Clothing 21,496 854 21.496 854 22,207 1,899 24,106 22,350 22,350 Investments 228 228 28 228 228 28 Total income and endowments 161,744 161.744 165,242 Expendlture on: other expenditure ASA Membership fees Competitions/Holiday Courses Clothing Gym Kit 4,245 9,692 1,024 85 4,245 9,692 1,024 85 4,459 9,097 3,222 669 15,046 15.046 17,447 Employee costs Salaries/wages Employer's NIC Pension costs 83,664 3,673 998 83,664 3,673 998 68,942 12,719 957 Staff training Temporary staff 1,834 251 1,834 251 160 176 90,420 90,420 82,954 Motor and travel costs Vehicles - Fuel Travel and subsistence 1,229 1,229 15 Business mileage costs reimbursed 149 149 1,096 1,378 1,378 I,iii Premises costs Rent 42,891 42.891 37,691 Page 15 Star Divin8 Club Guildford Detalled Statement of Flnanclal Actlvltles 42,891 42,891 37,691 General adrninistrative costs. including depreciation and amortisation Depreciation of Equipment Bad debts Bank charges Equipment expensed Information and publications Software, IT support and related costs 1,759 (3791 138 13791 138 138 16,093 415 16.093 415 14,291 181 2,749 2,749 3,176 Stationery and printing Sundry expenses 513 513 877 308 19,837 308 19,837 I,IcKJ 21,522 Legal and professional costs Audit/lndependent examination fees Accountancy and bookkeeping Other legal and professional costs 250 250 250 1,117 1,117 1,042 236 1,367 1,367 1,528 Total of expendlture of other costs Total expenditure 170,939 170.939 162,253 170,939 170.939 162,253 Net gains on investments Net lexpendlturelllncome 19,1951 19,1951 2,989 Net lexpendlturel/lncome before other 8ains/(lossesl Other Gains 19,1951 19,1951 2,989 Net movement in funds 19,1951 19,1951 2,989 Reconclllatlon of funds: Total funds brought forward 52,815 52,815 49,826 Total funds carried forward 43,620 43,620 52,815 Page 16