Carmarthenshire Water Safety Partnership
Charity number 1169860
Annual Report and Financial Statements
for the year ended 31 March 2024
Carmarthenshire Water Safety Partnership
Annual Report and Financial Statements for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
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Carmarthenshire Water Safety Partnership
Trustees' report for the year ended 31 March 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Robert Bamforth Chair Julie Rees Treasurer Ffion Fox Jennifer Fox Stephen Bright
Charity number 1169860 Principal address Bankers The Quay Centre Lloyds Bank plc The Quay 43 King Street Carmarthen Carmarthen' SA31 3LN SA31 1BW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) foundation, formed on 24 October 2016, and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed for a term of three years at a properly convened meeting of the charity trustees..
Objectives and activities
The charity's objects
The preservation and protection of health and the saving of lives in the areas of Carmarthenshire, Ceredigion, Pembrokeshire and City & County of Swansea in particular but not exclusively by:
a) Providing education to the public about the dangers of open waterways.
b) Managing life-saving equipment by helping to reduce vandalism and helping to replace and renew lost or damaged lifebuoys & cabinets along rivers and waterways.
- c) Working with voluntary and statutory organisations in the delivery of the above.
The charity's main activities
The charity has continued to extend its lease from Carmarthenshire County Council to utilise the Quay Centre in Carmarthen, at no rental cost to the charity. This has enabled us to extend our charitable activities to a wider audience and give the charity a base from which to enhance our work.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the saving of lives.
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Carmarthenshire Water Safety Partnership
Trustees' report (continued) for the year ended 31 March 2024
Objectives and activities (continued)
Achievements and performance
The organisation continues to help deliver key water safety messages in Carmarthenshire and further afield. The Quay Centre in Carmarthen has been a pivotal hub for supporting this, in conjunction with the water-related groups that regularly meet and use the facilities there as well as other community groups supporting well-being and mental health.
The Carmarthen River festival, held slightly later in the summer in August 2023 bank holiday Monday, was a busy and bustling success. As well as the usual on the water racing and quayside activities, there were plenty of free opportunities to safely take part in water-based activities – in coracles in quayside pool and on kayaks in the river – to grow appreciation of the river, awareness of dangers, and an understanding of water safety.
We are grateful to Gwendraeth Valley Paddlers, Carmarthen Coracle & Netsmen’s Association, Carmarthen Boat Club, and Carmarthen Rowing Club for their dedicated involvement and respect of the shared use of the facilities. The Quay Centre also continues to be a popular venue and used in many other diverse ways:
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TV crews from S4C, ITV, and Channel 4 have used the Quay Centre and its connections with maritime heritage as a backdrop for several TV programs including with famous chefs Gordon Ramsey and Rick Stein.
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There have been visits from primary school groups throughout the year, hosted at the Quay Centre by the Carmarthen Coracle and Netsmen’s Association. Pupils see the heritage collection of coracles, models, and historical artefacts, learning about both their local maritime heritage and water safety.
The Quay Centre building and grounds themselves, however, are still leased by Carmarthenshire County Council to the charity on a one year rolling lease, but the building needs substantial investment and repair to continue to be an effective and safe place for all that want to use it. This remains an ongoing challenge for general repairs, but also with fundamental issues such as renovating the heating system, especially as high energy costs have caused the restriction of activities and usage over the winter.
The charity has tried to find a way to obtain a longer lease so that capital funds can be found for investment in the Quay Centre and has been supported in this undertaking by funds from the County Council. Funding was received of £5,000 from Carmarthenshire County Council’s Regeneration Targeted Finance Fund (TFF), and a further £10,000 via the UKSPF Sustainable Communities fund. This was invested on a detailed feasibility study, commissioned in October 2023, including detailed plans drawn up by a local firm of architects for a remodelling of the building, and improvements to the whole site. The CWSP trustees and all the Quay Centre stakeholder groups contributed to this feasibility study and helped with its presentation to local community groups and the town forum. At the request of the County Council, the trustees produced a business plan outlining how next steps could be accomplished and await further feedback from the council.
Progress has been made elsewhere, and with the number of activities and meetings at the Quay Centre increasing, the trustees worked with local groups to have a defibrillator installed on the building in September 2023. This is public access and can be used on the quayside, or for a nearby emergency, as well as in the building.
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Carmarthenshire Water Safety Partnership
Trustees' report (continued) for the year ended 31 March 2024
Financial review
The net surplus for the year was £3,309, including a net deficit of £1,683 on unrestricted funds and a net surplus of £4,992 on restricted funds after transfers.
Reserves policy
The charity's free reserves at the year end were £2,027.
The charity's policy is to establish a reserve sufficient to cover at least three months' running costs. At present this is being achieved, and further ways of increasing income continue to be sought.
Signed on behalf of the board of trustees on 19 December 2024
Signed: Robert Bamforth (Trustee)
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Carmarthenshire Water Safety Partnership
Receipts and payments account for the year ended 31 March 2024
| Notes 2024 Unrestricted funds £ Receipts Donations (2) - Grants received (2) - Contributions from partners (Quay Centre) 800 Sale of merchandise 335 Hire of rooms 430 Total receipts 1,565 Payments Advertising and promotions 660 Water 364 Electricity 1,089 Broadband 453 Licences and subscriptions 52 Insurances 327 Purchase of equipment and consumables - Professional fees - Transfers to partner organisations - Sundry expenses - Donations paid 300 Total payments 3,245 (1,680) Transfers between funds (3) Net movement in funds after transfers (1,683) Fund balances brought forward 3,710 Fund balances carried forward (3) 2,027 Net receipts / (payments) |
2024 Restricted funds £ 1,352 15,000 - - - 16,352 - - - - - - 1,355 10,008 - - - 11,363 4,989 3 4,992 - 4,992 |
2024 Total funds £ 1,352 15,000 800 335 430 17,917 660 364 1,089 453 52 327 1,355 10,008 - - 300 14,608 3,309 - 3,309 3,710 7,019 |
2023 Total funds £ 11 - 600 - 2,913 3,524 1,359 239 1,908 454 52 319 208 - 7,250 229 - 12,018 (8,494) - (8,494) 12,204 3,710 |
|---|---|---|---|
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Carmarthenshire Water Safety Partnership
Statement of assets and liabilities
| as at 31 March 2024 2024 Unrestricted £ Cash funds Cash at bank 2,027 Total cash funds 2,027 Other current assets Prepayments Assets retained for the charity's own use Defibrillator |
2024 Restricted £ 4,992 4,992 |
2024 Total £ 7,019 7,019 2024 £ 306 306 £ 1,355 1,355 |
2023 Total £ 3,710 3,710 |
|---|---|---|---|
Liabilities
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012. that, at the year end, the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
Approval of the accounts
The financial statements were approved by the board of trustees on 19 December 2024
Signed: Robert Bamforth (Trustee)
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Carmarthenshire Water Safety Partnership
Notes to the accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Carmarthenshire Water Safety Partnership
Notes to the accounts continued
for the year ended 31 March 2024
| 2 Grants and donations Carmarthenshire County Council Donations 3 Restricted funds Carmarthenshire County Council Donations for defibrillator Fund name |
2024 Unrestricted funds £ - - - Balance b/f Incoming £ £ - 15,000 - 1,352 - 16,352 Purpose of restriction |
2024 Restricted funds £ 15,000 1,352 16,352 Outgoing £ 10,008 1,355 11,363 |
2024 Total funds £ 15,000 1,352 16,352 Transfers £ - 3 3 |
2023 Total funds £ - 11 11 Balance c/f £ 4,992 - 4,992 |
|---|---|---|---|---|
Carmarthenshire County Council For the costs of a feasibility study for the development of the Quay Centre Donations for defibrillator For the purchase of a defibrillator for the Quay Centre
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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